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FrozenGate by Avery

Gas prices

john_lawson

john_lawson

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$1.69    ???????   time-warp to 1988  :-?

went to madera yesterday saw that price at PILOT station trip out
 





Yeah it went down alot here in europe too!

Now I pay .82 EUR for liter ( 4$ a gallon) as opposed to ~1.5 EUR per liter (~7$ a gallon), so all in all I am pretty happy. Funny to think that gas here in Slovenia is still quite "cheap" compared to the rest of the EU.

About time too, IIRC for every 1$ decrease in the price of a barrel of crude, each OPEC member looses 1 billion bucks in profit, who's sweating now? muahahahahaah 150 to <50$ ;D
 
It's like £0.99 for a liter of diesel in Scotland and £0.89 for Unleaded.

-Adam
 
Montana64 said:
In Venezuela, gas prices have remained at $0.12 (USD) since 1998!

Ted
Click to expand...

:-? >:(

Thanks for rubbing it in. ;) I know what sort of car I would be driving if I lived in country that keeps gas prices artificially cheap...A BIG BLOCK and/or anything high performance and really inefficient...screw the environmentalists and governments. First fix heavy industry and livestock, then move to consumer owned machinery imo.
 
brtaman said:
[quote author=Montana64 link=1228425270/0#3 date=1228426100]In Venezuela, gas prices have remained at $0.12 (USD) since 1998!  
Ted
Click to expand...
:-?  >:(
Thanks for rubbing it in.  ;) I know what sort of car I would be driving if I lived in[highlight] country that keeps gas prices artificially cheap.[/highlight]..A BIG BLOCK and/or anything high performance and really inefficient...screw the environmentalists and governments. First fix heavy industry and livestock, then move to consumer owned machinery imo.[/quote]


Venezuela doesn't keep prices artificially cheap.  It is a MAJOR oil producer and exporter.  The below is from the CIA Factbook;

Oil - production:
2.398 million bbl/day (2007 est.)
Oil - consumption:
599,000 bbl/day (2006 est.)
Oil - exports:
2.203 million bbl/day (2006 est.)
Oil - imports:
0 bbl/day (2006 est.)
Oil - proved reserves:
79.14 billion bbl (1 January 2007 est.)

Supply vs. demand in action ;)

Peace,
dave
 
Keeping prices below the accepted market value is what they are doing, keeping it artificially cheap. They may produce all the fuel they want to but they have been subsidizing it for decades, it costs them (well the gov) billions annually, now they are so dependent on it that they cannot get rid off it.

Instead of using billions of revenue to fund their housing projects for the poor, they subsidize the members of their society wealthy enough to own cars.

So my statement still stands IMO, artificially cheap gas, but I see where your argument comes from, this is a debate that could go on and on and on :P
 
HMM synthetis prices I like it I like it i drive 90 miles round trip per day with a v-8 gt mustang its 45 a week now instead of around 85$ I like it I like it :D ;) :)
 
ive seen $1.47 somewhere here in ohio...

time to bring out the gas guzzlers [smiley=evil.gif]
 
Ya’ll ready to hear my theory? I could be wrong, but I’ve noticed this pattern as it makes perfect sense. The low gas prices are an enticement for all Americans to buy the new 2009 American muscle cars/trucks/suvs that guzzle gas for Christmas. Prices will be lower then ever for all cars, since the automobile business isn’t doing so great, this will boost the economy. Lowering the gas prices is an investment formed to make more money in the long run. For example, a $50,000 Ford Excursion will be sold for around $40k or even cheaper. “What the heck, why not, gas prices are low now.” Then, come March and April, we will see the gas prices climb back up. Of coarse, me and my conspiracy theories…blah blah, but I bet that we will see gas prices go over $5 by Summer 2009.
 
I know so many people who sold their big gas guzzlers for dirt when they heard >$5/gal was around the corner. Man where they wrong!!!

Im glad i didnt sell my boat!!! shes gonna be worth quite a bit come spring  ;D
 
When price of gas oil reached $147 a barrel and gas prices were over $4 a gallon, people cut back gas consumption by 4% and everyone began pushing for alternative fuels.  OPEC raised prices steadily til they found our breaking point and seen us cut back and strive for more efficient vehicles and alternative fuel vehicles.  In response to that, they lowered the price of oil so that it makes it economically impractical to use alternative fuels at this point in time.  Watch TV, there arent near as many commercials pushing for ethanol, wind, solar and other alternative/renewable fuels.  OPEC will begin raising the price of oil again but they know how far they can raise the price before the consumers seek other sources of energy.

Ted
 
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