Posted on 02/10/2008 9:09:28 PM PST by kellynla
ping
I sure hope so. I want to get some wells drilled with $80+/bbl oil.
And if we didn’t have to bother with “blends” in the first place, imagine how much gasoline prices would go down!
If GWB wanted to go out on a high note, he might declare an “emergency” sufficient to require ending the whole “oxygenation” regime right now.
The oxygenation requirements are bogus. Modern cars have fuel injection systems that automatically adjust the fuel air mixture to maximize combustion. It’s the old cars that are disappearing from the road that benefit from oxygenated gasoline.
Where is the supply shrinking to cause this?
Gas prices are constantly in flux, and can therefore always be classified as "temporary abberations."
Eh! No Problemo!
Hire illegal pump jockeys for the “job American’s won’t do”
And you can set your pumps at $1.99.
Yes, but isn’t it the alkylation that will drive the spring rise, not oxygenation? The fuel-air mixture doesn’t affect the aromatic/aliphatic ratio, to my knowledge.
btt
I don’t care, really, about gas prices. It’s just that, once I hit “reply” I had to sign in. Now, I can’t move forward unless I write something and post it. (unless I back out and start over) So here goes...
Gasoline, for my machine.
I’ll believe it when I see it. As long as people think they’re in a recession and it’s not, people will be putting their money where it belongs— in the bank.
People are spending less.
Now... this usually does happen every year, and it’s a perfect example of what happens when overregulation takes its toll. Teddy Roosevelt never would have imagined the sort of bureaucracy that has grown out of his idea, and I doubt he’d be all that pleased.
Not sure exactly how much more the dollar will drop in value, but, the US is consuming 3-5% less in gas now than a year ago. With the current recession, the price of gas should drop even more, depends on exactly how much the hedge fund dudes bet the other way.
Well if the “summer blend” doesn’t raise prices enough, I’m sure the oil companies will draw straws to see who lights their refinery on fire this time to raise prices even more.
Not true.
First week in Feb 2008 - Gasoline Consumption 8,984,000 BPD
First week in Feb 2007 - Gasoline Consumption 9,074,000 BPD
A decline of less than one percent.
U.S. Weekly Finished Motor Gasoline Product Supplied
http://tonto.eia.doe.gov/dnav/pet/hist/wgfupus24.htm
My comment was based upon 2 different store owners in my area, that’s all (CITGO & Shell), not the gov numbers. There sales in gas, dollar wise, were a little higher, but their total gallons sold last quarter of 2007 was down and more people have moved into the area.
The truth is Democrats are doing all they can to destroy the American economy. We need to be drilling for our own oil, building our own refineries, building nuclear power plants and using clean coal.
Republicans are doing a lousy job of informing Americans that it is the fault of Democrats we have this energy "crisis".
But you referenced the US, not a couple local stores. And more people continue to avoid CITGO because of Chavez further skewing the results.
For the year-to-date sales, US consumption is down about 1/2 of 1%. If you look at last quarter 2007 versus 2006, sales are down less than 1/10 of 1%.
Hey, I’m driving less as I combine trips & do more shopping online. It’s marginal but I’m sure that if enough people are doing it the gasoline retailers are noticing. Classic economic theory in action.
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