Science Abuse Posted December 11, 2008 Report Share Posted December 11, 2008 Is anyone else *slightly* worried about the rediculous drop in the last few months? I'm not saying I don't enjoy it, but it just doesn't seem right. Quote Link to comment Share on other sites More sharing options...
Linc5.0 Posted December 11, 2008 Report Share Posted December 11, 2008 i plan on buying about 10,000 gallons. And storing at my shop for this summer. has race gas gone down too? Quote Link to comment Share on other sites More sharing options...
Smokey Posted December 11, 2008 Report Share Posted December 11, 2008 question Erik, what does it take to store/keep fuel like that and not have it go bad? Do you just need a crap-ton of Stabil? I've considered more like a 55 gallon drum, but still ran into the same questions that I didn't have answers for. Quote Link to comment Share on other sites More sharing options...
Linc5.0 Posted December 11, 2008 Report Share Posted December 11, 2008 i think just putting it somewhere where moisture cant get to it. If/when i stock pile I am not going to touch it till spring. I am sure they(gas companies) put something in it to keep from getting water in it. p.s. we need to get together. Quote Link to comment Share on other sites More sharing options...
Main3s Posted December 11, 2008 Report Share Posted December 11, 2008 i plan on buying about 10,000 gallons. And storing at my shop for this summer. has race gas gone down too? As dumb as that sounds at first, if you could afford to do that you would get a good ROI. lets do the math shall we.... Current average price per gallon = $1.55 10,000 gallons X $1.55 = $15,500 Average price per gallon 5 months ago = $3.45 10,000 gallons X $3.25= $34,500 $34,500 - $15,500 = $19,000 profit…. Quote Link to comment Share on other sites More sharing options...
Linc5.0 Posted December 11, 2008 Report Share Posted December 11, 2008 As dumb as that sounds at first, if you could afford to do that you would get a good ROI. lets do the math shall we.... Current average price per gallon = $1.55 10,000 gallons X $1.55 = $15,500 Average price per gallon 5 months ago = $3.45 10,000 gallons X $3.25= $34,500 $34,500 - $15,500 = $19,000 profit…. i own a landscape company...im not trying to make profit on it...im trying to run a business with it. Quote Link to comment Share on other sites More sharing options...
ImUrOBGYN Posted December 11, 2008 Report Share Posted December 11, 2008 I think just a good stabilizer. I think it may require a google search. And Eric, yes, the low prices make me leary. Then again, I have a habit of always looking a gift horse in the mouth. Quote Link to comment Share on other sites More sharing options...
Science Abuse Posted December 11, 2008 Author Report Share Posted December 11, 2008 I think just a good stabilizer. I think it may require a google search. And Eric, yes, the low prices make me leary. Then again, I have a habit of always looking a gift horse in the mouth. Hey now, a horse with fucked up teeth can end up costing you more than it's worth. Quote Link to comment Share on other sites More sharing options...
Smokey Posted December 11, 2008 Report Share Posted December 11, 2008 p.s. we need to get together. true, even if to just grab a few drinks. Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted December 11, 2008 Report Share Posted December 11, 2008 Not necessarily the low price, but the overall instability. I don't really get how this 1 commodity can be this unstable. Quote Link to comment Share on other sites More sharing options...
Smokey Posted December 11, 2008 Report Share Posted December 11, 2008 back to your question Eric, I'm a bit leary but I'm sure not going to complain about it. I figure that fuel prices are following just about every other good/consumable right now that are seeing price recession. Just about everything you own is becoming less valuable by the day. I think that around spring time next year (ironically when we'll all actually want to use this nice cheap fuel) that things will return to a more "normal" state in that prices will go back up. Unfortunately I think the price of fuel will go up exponentially faster and sooner than the prices/values will return on anything else. Quote Link to comment Share on other sites More sharing options...
LJ Posted December 11, 2008 Report Share Posted December 11, 2008 Is anyone else *slightly* worried about the rediculous drop in the last few months? I'm not saying I don't enjoy it, but it just doesn't seem right. People laughed at me when I said this economy would REALLY take a shit if: The dollar stregthened Oil prices tanked It's commodities deflation, and no, it is not a good thing. If things were in equilibrium, we would have about $75-80 oil and $2.25 gas. Quote Link to comment Share on other sites More sharing options...
V8 Beast Posted December 11, 2008 Report Share Posted December 11, 2008 Random thought.. think they saw they books, realized they made too much money this year, and are using the lower prices to cover up their huge profits?? Probably not, but it would make sense if they did. Quote Link to comment Share on other sites More sharing options...
LJ Posted December 11, 2008 Report Share Posted December 11, 2008 Random thought.. think they saw they books, realized they made too much money this year, and are using the lower prices to cover up their huge profits?? Probably not, but it would make sense if they did. Gasoline is traded on a commodities market. They are actually making MORE profit off of lower prices than they did off of higher prices. Think $.15 now vs $.05 at $4. That is everyone, the stations, the distributers, companies like Exxon. Quote Link to comment Share on other sites More sharing options...
V8 Beast Posted December 11, 2008 Report Share Posted December 11, 2008 <------ Filling out an application for Exxon online as we speak Quote Link to comment Share on other sites More sharing options...
Science Abuse Posted December 11, 2008 Author Report Share Posted December 11, 2008 Random thought.. think they saw they books, realized they made too much money this year, and are using the lower prices to cover up their huge profits?? Probably not, but it would make sense if they did. My personal conspiracy theory is this: Gas always costs as much as it can. The rocket to $4 was an experiement, they backed off when it hit the magic number that actualy caused measurable trouble in our economy. Now with the credit crunch, they're being nice and lowering prices. Imagine what things would be like if gas was still $4/gallon...? No plucky elf or genderconfused child puppet could save Christmas in such an environment. Quote Link to comment Share on other sites More sharing options...
LJ Posted December 11, 2008 Report Share Posted December 11, 2008 My personal conspiracy theory is this: Gas always costs as much as it can. The rocket to $4 was an experiement, they backed off when it hit the magic number that actualy caused measurable trouble in our economy. Now with the credit crunch, they're being nice and lowering prices. Imagine what things would be like if gas was still $4/gallon...? No plucky elf or genderconfused child puppet could save Christmas in such an environment. Wow.... Bravo on the funniest post of the century. Can we archive this? Quote Link to comment Share on other sites More sharing options...
Supplicium Posted December 11, 2008 Report Share Posted December 11, 2008 i plan on buying about 10,000 gallons. And storing at my shop for this summer. has race gas gone down too? why dont you just lock in at a certain price instead of storing it all yourself. i bet you can do that if u buy 10k+ gallons. Quote Link to comment Share on other sites More sharing options...
LJ Posted December 11, 2008 Report Share Posted December 11, 2008 why dont you just lock in at a certain price instead of storing it all yourself. i bet you can do that if u buy 10k+ gallons. He should be able to. I would offer some names of some guys I know who are distributers, but they all sold in July when gas was $4 Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted December 11, 2008 Report Share Posted December 11, 2008 He should be able to. I would offer some names of some guys I know who are distributers, but they all sold in July when gas was $4 Boy I bet some people are PISSED. -Marc Quote Link to comment Share on other sites More sharing options...
Archie Posted December 11, 2008 Report Share Posted December 11, 2008 It's just the calm before the storm... pretty soon people won't be able to afford $1 a gallon. Quote Link to comment Share on other sites More sharing options...
V8 Beast Posted December 11, 2008 Report Share Posted December 11, 2008 It's just the calm before the storm... pretty soon people won't be able to afford $1 a gallon. Mad Max... Quote Link to comment Share on other sites More sharing options...
Twistedrx7 Posted December 11, 2008 Report Share Posted December 11, 2008 As dumb as that sounds at first, if you could afford to do that you would get a good ROI. lets do the math shall we.... Current average price per gallon = $1.55 10,000 gallons X $1.55 = $15,500 Average price per gallon 5 months ago = $3.45 10,000 gallons X $3.25= $34,500 $34,500 - $15,500 = $19,000 profit…. No one else caught the math error here?? Quote Link to comment Share on other sites More sharing options...
AudiOn19s Posted December 11, 2008 Report Share Posted December 11, 2008 No one else caught the math error here?? typing error more than likely he clearly stated $3.45 in the line above which is what his result would reflect Quote Link to comment Share on other sites More sharing options...
ruinms Posted December 11, 2008 Report Share Posted December 11, 2008 i think gas prices have a heavy hand on our life today. most people have started driving less as a way of saving money. maybe im wrong. i know i only drive when i need to. yes, it scares me that its going so low. Quote Link to comment Share on other sites More sharing options...
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