Mr. Buddy Garrity Posted July 14, 2015 Report Posted July 14, 2015 @KTLA: Gas prices climb above $4 after 13-cent jump overnight; some stations now above $5 This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Ouch! Quote
BS Wildcats Posted July 14, 2015 Report Posted July 14, 2015 @KTLA: Gas prices climb above $4 after 13-cent jump overnight; some stations now above $5 This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Ouch! The cost of living in Cali. Quote
Mr. Buddy Garrity Posted July 14, 2015 Report Posted July 14, 2015 The cost of living in Cali.i dont remember it being that high when I was living all the way in Alaska, and back then I thought 3.80 to a little over 4.00 was high, but above 5 I couldn't do it. Quote
baddog Posted July 14, 2015 Report Posted July 14, 2015 Wasn't there an explosion at a refinery that supplies the west coast?Lifting some sanctions on Iran allows them to enter the export market and this will drive the price per barrel down even more. Quote
Mr. Buddy Garrity Posted July 14, 2015 Report Posted July 14, 2015 Wasn't there an explosion at a refinery that supplies the west coast?Lifting some sanctions on Iran allows them to enter the export market and this will drive the price per barrel down even more.@kfor: $2 gas likely to return after Iran nuclear deal This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Quote
BS Wildcats Posted July 14, 2015 Report Posted July 14, 2015 @kfor: $2 gas likely to return after Iran nuclear deal This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Wouldn't hold our breath on that one. Would be nice though. Quote
CraigS Posted July 14, 2015 Report Posted July 14, 2015 Whereas there is a balance. I'd be careful what you wish for, if gas prices plummet to far, well...it will be bad for a whole lot of people. mat and LumRaiderFan 2 Quote
BearWolf Posted July 14, 2015 Report Posted July 14, 2015 Wouldn't hold our breath on that one. Would be nice thoughThe Markets smart guys are saying this morning that this will happen a maybe sooner than the article indicates. Quote
baddog Posted July 14, 2015 Report Posted July 14, 2015 Double edged sword for me. The company I work for relies heavily on deep sea drilling and drilling in general. Would rather pay more at the pump and have work. This affects lots of people. CraigS 1 Quote
CraigS Posted July 14, 2015 Report Posted July 14, 2015 Double edged sword for me. The company I work for relies heavily on deep sea drilling and drilling in general. Would rather pay more at the pump and have work. This affects lots of people.Most people don't realize that it WILL affect them also. They see the obvious of oil/gas people get laid off, and think that's due to prices dropping. However, when those people lose their good paying jobs and stop eating out, buying cars, going on vacations, stop buying new homes, stop flying, etc........then the layoffs start in all other industries due to these reductions.....however, there is a lag in time and those getting laid off don't realize it is a direct result of trickle down from falling gas prices. Hagar 1 Quote
BS Wildcats Posted July 14, 2015 Report Posted July 14, 2015 Whereas there is a balance. I'd be careful what you wish for, if gas prices plummet to far, well...it will be bad for a whole lot of people.I agree with you, but we also know that the oil companies will gouge you every chance they get. Quote
BLUEDOVE3 Posted July 14, 2015 Report Posted July 14, 2015 Whereas there is a balance. I'd be careful what you wish for, if gas prices plummet to far, well...it will be bad for a whole lot of people.I find that interesting but true. Companies start laying off when the price falls for consumers. But at the same time, they can keep their jobs when prices are high and consumers buy less gas.. Quote
stevenash Posted July 15, 2015 Report Posted July 15, 2015 I agree with you, but we also know that the oil companies will gouge you every chance they get.Just like politicians? Quote
ST413 Posted July 15, 2015 Report Posted July 15, 2015 Most people don't realize that it WILL affect them also. They see the obvious of oil/gas people get laid off, and think that's due to prices dropping. However, when those people lose their good paying jobs and stop eating out, buying cars, going on vacations, stop buying new homes, stop flying, etc........then the layoffs start in all other industries due to these reductions.....however, there is a lag in time and those getting laid off don't realize it is a direct result of trickle down from falling gas prices.This works both ways though, I was in the restaurant business for years and saw business drop off when gas prices rose as well. Mr. Buddy Garrity 1 Quote
LumRaiderFan Posted July 15, 2015 Report Posted July 15, 2015 (edited) Just like politicians? This is the hidden content, please Sign In or Sign Up From the article:Based upon a $3.00 gallon of gasoline, the average break-down is as follows.Gasoline Retailer $.01 cents per gallonOil Company $.08 cents per gallonRefining $.29 cents per gallonMarketing/Distribution $.32 cents per gallonTaxes $.59 cents per gallonCost of crude $1.71 per gallon (delivered)Who is gouging who? Edited July 15, 2015 by LumRaiderFan Quote
Mr. Buddy Garrity Posted July 30, 2015 Report Posted July 30, 2015 @CBSNews: Americans overall are enjoying another break at the pump, but will it last? This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Quote
HurricaneCal Posted July 30, 2015 Report Posted July 30, 2015 (edited) Shell is cutting 6,500 jobs This is the hidden content, please Sign In or Sign Up Edited July 30, 2015 by CougarCal Mr. Buddy Garrity 1 Quote
Mr. Buddy Garrity Posted August 25, 2015 Report Posted August 25, 2015 @kfdmnews: US oil closes at $38.24 -- lowest in 6.5 years This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Quote
Mr. Buddy Garrity Posted January 4, 2016 Report Posted January 4, 2016 @KCBD11: Gas prices expected to be low in 2016 This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up BS Wildcats 1 Quote
baddog Posted January 6, 2016 Report Posted January 6, 2016 Saudi strategy backfiring on them.... This is the hidden content, please Sign In or Sign Up Quote
Hagar Posted June 8, 2016 Report Posted June 8, 2016 3 hours ago, Mr. Buddy Garrity said: Lol, could've fool me. Funny how quickly we get spoiled when the prices are low. Also funny how the downward price trend seems slow, but upward hauls buttocks. UTfanatic and Mr. Buddy Garrity 2 Quote
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