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Thread: So oil dropped $16 a barrel last week...

  1. 07-21-2008, 12:28 PM #1
    Ran
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    Default So oil dropped $16 a barrel last week...

    ...and prices dropped what, $.03? Yet at the slightest hiccup of oil going up in price, gas prices skyrocket. Gotta love it.
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  2. 07-21-2008, 12:30 PM #2
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    total BS...but we've seen .10 drop here...



    Quote Originally Posted by Sinfix_15 View Post
    You travel with so much luggage that it wont fit in a wagon? you dating a kardashian?
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  3. 07-21-2008, 12:30 PM #3
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    in auburn ga 93 octane at this one gas station was $4.09.

    I filled up


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  4. 07-21-2008, 12:31 PM #4
    Ran
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    Quote Originally Posted by PBS
    total BS...but we've seen .10 drop here...
    Yeah, gas went from $4.01 to $3.99 for regular where I live. God knows that if oil goes back up $5 a barrell then gas will be $4.20 for regular.
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  5. 07-21-2008, 12:31 PM #5
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    Must BS becuase Brett has yet to make a thread about it
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  6. 07-21-2008, 12:33 PM #6
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    Quote Originally Posted by Ran
    Yeah, gas went from $4.01 to $3.99 for regular where I live. God knows that if oil goes back up $5 a barrell then gas will be $4.20 for regular.
    true story...qft

    but..we all know they drop the price so they can spike it back up to like +$.30 when gas 'sneaks' back up



    Quote Originally Posted by Sinfix_15 View Post
    You travel with so much luggage that it wont fit in a wagon? you dating a kardashian?
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  7. 07-21-2008, 12:33 PM #7
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    gas went UP here.... i live in canton & was headed south and FIGURED it would be cheaper in woodstock.... it was 3.95 off exit 20 and then when i got to 92 (exit 7) it was 4.09 .... fuuuuck that.

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  8. 07-21-2008, 12:35 PM #8
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    it was in the $3.70 range in some places around here in marietta according to that cheap gas atlanta site.

    The reason why it hasnt dropped alot is because people know its about to skyrocket again.
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  9. 07-21-2008, 12:39 PM #9
    Ran
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    Quote Originally Posted by Mr. KiDD
    it was in the $3.70 range in some places around here in marietta according to that cheap gas atlanta site.

    The reason why it hasnt dropped alot is because people know its about to skyrocket again.
    Which is bullsh*t.

    Oil price goes up, gas price goes up. Oil price goes down, gas price stays the same.
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  10. 07-21-2008, 12:40 PM #10
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    That's why Economic class is now out of the curriculum.

    Leisa and S. 4 Life NM?
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  11. 07-21-2008, 12:42 PM #11
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    Quote Originally Posted by Ran
    Which is bullsh*t.

    Oil price goes up, gas price goes up. Oil price goes down, gas price stays the same.
    oh i agree 100000% with you.

    I made a joke about how the if gas station owners here oil went up .01 they run outside to change the sign. When they hear it drops they say "lets see what happens".

    Or maybe they have a room where people sit around and say "i think they will pay $5 a gallon, lets go for it".
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  12. 07-21-2008, 12:43 PM #12
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    i paid $3.83 last week in downtown columbus. midtown and northside was like $3.99 to $4.07 for regular. going out of my way 7 miles FTMFW. lol.
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  13. 07-21-2008, 12:48 PM #13
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    Gas prices typically follow behind oil prices by 2-3 weeks. We should see the price of gas decline further by the end of this week into next as long as there is not another spike in oil prices. The sudden jump in gas prices when oil spikes is all based on speculation. They are slower to drop gas prices due to speculators not wanting to lose their asses if and when an increase in oil price occurs.

    Let's hope the cost of a barrel of oil continues on a downward trend. We'll slowly see the good come out of it.
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  14. 07-21-2008, 12:54 PM #14
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    Ran its not that hard to figure out why it did not drop much at all.

    The gas companies paid for that gas before the price of oil dropped so they need to get rid of this supply of more expensive gas before they are gonna lower the prices so they do not lose money. Gas stations dont make much money at all from gas, its all from the food and ciggs and beer.
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  15. 07-21-2008, 12:56 PM #15
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    I haven't seen shiat it's gone up to $5.15 for Regular.. I wish it was cheap up here like it is down there..


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  16. 07-21-2008, 12:59 PM #16
    Ran
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    Quote Originally Posted by Hulud
    Ran its not that hard to figure out why it did not drop much at all.

    The gas companies paid for that gas before the price of oil dropped so they need to get rid of this supply of more expensive gas before they are gonna lower the prices so they do not lose money. Gas stations dont make much money at all from gas, its all from the food and ciggs and beer.
    So why is it that when oil prices go up, gas prices go up immediately but not so when oil prices go down?
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  17. 07-21-2008, 01:01 PM #17
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    Quote Originally Posted by Kevykev
    That's why Economic class is now out of the curriculum.


    wait!....what?
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  18. 07-21-2008, 01:03 PM #18
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    Quote Originally Posted by Ran
    So why is it that when oil prices go up, gas prices go up immediately but not so when oil prices go down?

    To compensate for the money they have to spend on the next shipment


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  19. 07-21-2008, 01:07 PM #19
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    Quote Originally Posted by Kevykev
    That's why Economic class is now out of the curriculum.
    no it's not... i just took the class required for graduation?
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  20. 07-21-2008, 01:09 PM #20
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    Quote Originally Posted by Autumn
    no it's not... i just took the class required for
    graduation?

    oh ok.....cause i was bout to be pissed if i took that class for no ****ing reason
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  21. 07-21-2008, 01:09 PM #21
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    ^ ooops

    Quote Originally Posted by tron
    wait!....what?

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  22. 07-21-2008, 01:15 PM #22
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    oh I forgot to add the raise in gas prices is due to the addition of Ethanol in the fuel since it costs more to make it than regular gas since it's derived from corn, which has driven up the price of alot of produce too if you haven't noticed. Also the flooding in Iowa and other states that produce the corn has caused a decrease in supply thus driving up the price.


    - I did pay alot of attention in Econ. (good shiat knowing how to make money and economic depressions work for you)


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  23. 07-21-2008, 01:19 PM #23
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    nice post brett
    Quote Originally Posted by Echonova View Post
    And I do drive a Miata, so I am gayer than a three dollar bill...
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  24. 07-21-2008, 01:20 PM #24
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    Quote Originally Posted by slovic-fcc
    nice post brett


    What? I'm not Brett


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  25. 07-21-2008, 01:21 PM #25
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    Quote Originally Posted by eViLMunkey
    What? I'm not Brett
    i was talkin to the op
    Quote Originally Posted by Echonova View Post
    And I do drive a Miata, so I am gayer than a three dollar bill...
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  26. 07-21-2008, 01:22 PM #26
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    Quote Originally Posted by eViLMunkey
    To compensate for the money they have to spend on the next shipment
    exactly
    Val for President

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  27. 07-21-2008, 01:22 PM #27
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    Quote Originally Posted by Ran
    So why is it that when oil prices go up, gas prices go up immediately but not so when oil prices go down?
    Speculation my man, good ol' speculation.
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  28. 07-21-2008, 01:22 PM #28
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    oh


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  29. 07-21-2008, 01:23 PM #29
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    Quote Originally Posted by Hulud
    exactly

    I dunno I just used to work at a gas station at one time, and yes they stations make more on the snack and such, other than we had a shop so we made more on services and such. but yeah


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  30. 07-21-2008, 02:40 PM #30
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    I'm still paying $4.26 for 93 up here. Retirement/Tourist communities FTL.
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  31. 07-21-2008, 02:57 PM #31
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    Quote Originally Posted by 03RCode
    I'm still paying $4.26 for 93 up here. Retirement/Tourist communities FTL.

    Yeah the island has been invaded by tourists... but w/ out them I wouldn't be making the big money


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  32. 07-21-2008, 03:12 PM #32
    Ran
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    Quote Originally Posted by slovic-fcc
    i was talkin to the op
    I'm not Brett either. lol
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  33. 07-21-2008, 06:07 PM #33
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    Quote Originally Posted by Ran
    I'm not Brett either. lol
    you posted an oil thread

    /lulz
    Quote Originally Posted by Echonova View Post
    And I do drive a Miata, so I am gayer than a three dollar bill...
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