Posted on 08/30/2006 6:28:19 AM PDT by thackney
Supply and demand.
China and India.
Gas prices falling in my town.
I can live with all that.
It's called a racket.....enjoy yor $3.00 pump prices...they're here to stay...
Oh yes, oil companies can charge any price they want. And in 1998~99 they must have wanted oil at $10 and less a barrel. </ sarcasm>
Time for a re-post .. gas prices in your area
http://www.freerepublic.com/focus/f-news/1691431/posts
Posted on 08/28/2006
Down to $2.79 in the Philly suburbs this morning. Methinks the fear factor is deflating out of prices lately. Of course, Iran or a real Gulf hurricane could put it right back in - but I figure it was adding a good $.50 to a gallon of gas, half of which is now removed.
For what...diesel or super.....or the regular.
$845.76
http://www.apfc.org/alaska/dividendprgrm.cfm
Doesn't come close to covering the inflated cost of living I have compared to Houston. A lot more beautiful and a lot more stable job market. I'm not complaining.
It is still 3.25 in this area for regular unleaded. Northern CA county, we are typically 15 to 20 cents higher than the Sac. area.
Rigs are poping up out here like mushrooms after a rain.
It is even raining out here.
I understand...lived in Anchorage for a while. I'm in western Oklahoma...and from my front porch I count 7 active rigs....Anadarko Basin natural gas.....they're laying pipe faster than I thought possible.....all this NG is going somewhere.....
I'm gonna bookmark that one!
People often forget that demand and supply curves may shift over time. The normal Price-Quantity graph of a demand curve is drawn under the assumption of ceteris paribus (i.e., "everything else being equal"). These other factors include: 1) price of other goods, 2) income, 3) income distribution, 4) population, 5) preference, plus several others. If any of these determinants change, "historic norms" may well be altered permanently. To me, China's entry into the world oil markets affects the demand curve because their presence dramatic changes the population and income determinants of demand. This is also true for India as citizens in both countries experience rising incomes and the ability to buy more forms of motorized transportation. While short-run changes in supply can lower price somewhat, I have a hard time thinking that we can shift the supply curve enough to offset the increasing demand curve. I think we should expect "historic norms" to rise in the long run.
Interesting article but I'm surprized that it mentioned pipeline capacity limits but there was no mention of refining capacity shortages. Is there a bottleneck in the ability to refine crude?
Nat gas prices are fairly low yet there is a bit of recovery of it. What is up in the market?
LOL...do it. The American people have signaled that they are willing and able to pay around $3.00 gallon....only a moron would LOWER the prices.......Enron wasn't born yesterday..
I believe Iran shot their load too early in the gas price war.
If they started pulling this in September, it would have had a larger impact on our election.
Speculators are no longer taking Iran seriously, hurricanes are always a factor but again, the left is making it out to be bigger than it really is and the BP pipeline is producing again.
Oil by election day will be 60 a barrel and going down. Gas will be 2.30 a gallon and falling.
The Republicans need to go out and tell the nation that the RATS are using scare tactics and negativity to get back into office.
We could more than double our domestic oil production and not reach our refining capacity. We do import refined products but the shortfall there is small compared to our petroleum production.
So why is much of America paying less? And why has it been falling recently?
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