Jump to content

If gas prices continue to freefall...


copperhead

Recommended Posts

So how much of a hit do you think the little gas companies are taking... or do you think the lower prices are causing people to buy more gas?

 

I really hope the big boys that used false reasons to try and rape our pockets are seeing some type of loss from this.. but probably not. :(

Link to comment
Share on other sites

  • Replies 56
  • Created
  • Last Reply

Top Posters In This Topic

 

I really hope the big boys that used false reasons to try and rape our pockets :(

 

Explain, please. The oil companies were merely maintaining a profit margin over COGS. Exxon and the like didn't drive oil prices that high, hell Exxon doesn't even hedge with futures let alone trade contracts.

 

 

are seeing some type of loss from this.. but probably not.

 

Nope

Link to comment
Share on other sites

Youre right they made their money from higher prices period. The local places are the ones that tried to use hurricanes and stuff as a reason to make a quick profit.

 

 

Some places yes, but down south there really was a supply shortage. Price is a way of controlling supply and demand.

 

Right now in the U.S., demand is way down and supply was pretty high, so the price of gas has lowered in order to sell off excess supply and hopefully raise demand.

Link to comment
Share on other sites

I would love to be proven wrong, but I think this will be very short-lived and is in all probability being influenced by the election. I wouldn't be surprised to see "supply and demand" dictate an increase in costs after the election. But we'll enjoy it while we can. :)

Oh don't get me wrong, I think it will shoot back up as well. Even if this is a "demand" based price drop, everyone will pull their giant SUV out of the garage and gass it up thus increasing demand and prices once again.

Link to comment
Share on other sites

Oh don't get me wrong, I think it will shoot back up as well. Even if this is a "demand" based price drop, everyone will pull their giant SUV out of the garage and gass it up thus increasing demand and prices once again.

 

Why do you think analysts expected a rise in gasoline inventories of over 900,000 barrels and it actually FELL by over 1.5 million barrels?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...