Author Topic: Gas prices and the vote (Read 2300 times)

wareagleguy · « **on:** September 12, 2006, 01:14:44 PM »

Gas prices are falling fast. Just heard that some experst think gas will be UNDER 2.00 bucks per gallon in a few weeks. Anyone out there thinking it's funny gas is falling so fast right before the elections?

lakota · « **Reply #1 on:** September 12, 2006, 01:55:44 PM »

You can bet your last nickel that gas will be 3.00+/gallon on November 8.

nomosendero · « **Reply #2 on:** September 12, 2006, 03:59:28 PM »

I think lakota would be closer to right. For one thing, the election is still 2 months away, alot can happen to gas between now & then. The average American has a short attention span & the current price means very, very little.
For anoth, if anyone thinks the GOP controls the gas prices then they fit in the catagory of a short attention span/memory. The highest gas prices that we had before the last presidential election was
in October & right up to the election & about 2 weeks after the election it starting going down.
Why would they deliberately try to make the election tougher?

Kinda blows that old Cheney theory, doesn't it?
Cheney's friends, yea right. Not near as much influence as the enemys like the Ven. dictator idot & the ragheads would much rather see a Socialist Democrap in office, that would give them free rein without ANY worry of retaliation.

Casull · « **Reply #3 on:** September 12, 2006, 06:52:46 PM »

Nomosendero, all I can say is "Amen".

Savage .250 · « **Reply #4 on:** September 13, 2006, 01:48:02 AM »

The conspiracy theory rears it`s ugly head but when politicks is concerned
nothing should be left out of the equation.

magooch · « **Reply #5 on:** September 13, 2006, 03:39:52 AM »

Now you guys know that anyone who can direct storms, can certainly control the world price of oil. I just wish that the news media would be more objective and give credit as well as blame. Shouldn't President Bush be getting credit for discovering the new oil find in the Gulf; he sure as hell will get blamed if we run short.

It wouldn't surprise me a bit if the price of gasoline goes up around the country, right after the election. It went up in this state after the last election, thanks to our Dumbycrat legislature and Dumbycrat Governor. They raised the gas tax and that is exactly what will happen nationally if the Dumbycrats win in 2008.

marylandeer · « **Reply #6 on:** September 13, 2006, 07:54:39 AM »

I think the main reason for the falling oil prices is due to the fact that those in the middle east countries are finnaly realizing that we Americans have now become VERY SERIOUS about alternative fuels. They know that we are working our butts off to get theese new fuels and once we do bye bye free ride. They are sitting on all of this HIGH $$$$$$ oil and don't want to be stuck with it. Hopefully in 5 -10 years all of our cars will be powered by corn and soy. Could you amagine the size of the deer then?

DWTim · « **Reply #7 on:** September 13, 2006, 08:14:40 AM »

I have to disagree there. Americans aren't scrambling for hybrids, fuel-cell alternatives, or cutting their energy usage substantially on the road, at home or at work. The price has been "high" for more than 2-3 years, which is the typical turnover period for car buyers, so if there was going to be a mad dash for highly economical vehicles, it would be happening. At least, it's not happening here in Connecticut.

However, I don't put it past the Saudi regime to dump on the market to hurt competitors. They've done it before. I'm sure all the legal wrangling to open up ANWR and the Gulf makes them nervous. There may also be something that isn't being reported by The Media (not surprising), such as Iran dumping on the market to raise money for military action. That's what Iraq did during the Iran-Iraq war, and the bottom fell out of the world oil market.

EDIT: I also wouldn't discount the possibility that the futures market bid on higher prices, then took a hit when those prices weren't met.

jgalar · « **Reply #8 on:** September 14, 2006, 02:46:51 AM »

Its simply supply and demand. I work at a very large airport and the amount of passengers this month is half of what it was from the last couple of months. Vacations are over and people are back at work and school. Around November is when people start travelling again - holidays and vacations. Also around November demand will also increase due to heating needs. This happens every year.

stimpylu32 · « **Reply #9 on:** September 15, 2006, 12:28:32 PM »

I am just finishing up a large hydrogen unit at our local refinery were the hydrogen is being added to the fuel that we all buy . it will serve 2 purposes , one to allow the fuel to burn cleaner and two to allow the fuel to burn more efficently .

Also in the news the other day was a story aboyt N.C. being the new hydrogen capatal of the world , it seems that the fed. goverment is taking a bunch of its brains that used to work on the h-bomb projects and putting them to work on finding ways to make fuel cells to power cars.

The refinery is also looking at processing sour crude which can be gotten for about 1/2 the price of sweet crude , around $40 a barrel compaired to $70 .

marylandeer · « **Reply #10 on:** September 17, 2006, 02:33:26 PM »

Americans are taking this stuff seriously, we are closer than a lot of people think. The first E-85 (PUBLIC) gas station in Florida opened on 9/13/06.

http://www.e85fuel.com/news/091306_fl_grandopening_release.htm

http://www.e85refueling.com/

http://www.eere.energy.gov/afdc/altfuel/altfuels.html

Questor · « **Reply #11 on:** September 18, 2006, 07:42:54 AM »

BrDavis:

Yes, as a matter of fact I have thought just that.

Questor · « **Reply #12 on:** September 18, 2006, 07:44:53 AM »

As for E-85, it's a great concept, there's just no incentive to use it. Why turn my 22mpg gallon car into a 14mpg car while paying about the same per gallon? It makes no economic sense. I agree we need alternative fuels, but until there's a financial incentive to use them, they will not catch on.

buffermop · « **Reply #13 on:** September 19, 2006, 04:30:00 AM »

I don't believe paper ballots would do a thing TM7. Look at the havoc in caused in Florida.

Casull · « **Reply #14 on:** September 19, 2006, 05:34:19 AM »

Quote

As it was the election was fine tuned down to a few counties in Ohio that mattered and Bush prevailed

TM7, sounds like your working for Kerry.

Actually, if Bush had picked up a few more votes in a couple of other states that Kerry won by the slimmest of margins (i.e. Wisconsin, Minnesota, etc.), it would have been a landslide. Kerry wanted to focus on forty or fifty thousand votes in Ohio, but seems to have forgotten that Bush beat him by about four million votes.

stimpylu32 · « **Reply #15 on:** September 19, 2006, 12:30:19 PM »

Not to get of topic here but main stream america has not had alot to do with who runs this country for quite some time now .

I do now and will always beleave that the top 5% of the money people in america decide who is going to be in charge , and we as the middle class are too busy trying to make a living for our familys to realy give a hoot what they do as long as we can still make ends meet .

JMHO

buffermop · « **Reply #16 on:** September 20, 2006, 03:54:23 AM »

Stimpylu32 You hit the nail right on the heas with that remark.

By the way what happened to your union hat avatar? It was nice to see a union worker, the backbone of America.

stimpylu32 · « **Reply #17 on:** September 20, 2006, 12:17:45 PM »

Buffermop

When the big softwear change went into affect , it went away and i just never got around to putting it back .

I'll see if i can find it again .

Echo4Lima · « **Reply #18 on:** September 27, 2006, 01:30:57 PM »

TM7, Are you still inhaling or have you exhaled yet?

You know, Bush did 9/11 so we would have an excuse to invade Iraq for thier oil, and it took them awhile to figure out how to steer those huricanes around Florida so Katrina would hit the Gulf oilfields so we could drill in ANWAR...
(just so you know, bocause some wont, I'M ONLY KIDDING!!)

ironglow · « **Reply #19 on:** September 28, 2006, 05:29:20 AM »

Conspiracy theories are really fun !...

The Stock market hit a new high today...Probably "W" sent some thugs in there to whup a few of those shouting traders...just before the market opened this morning..

Walmart and now Target, have decided to cut a new deal on generic perscriptions...rumor has it ..Dick Cheney...was running up and down the aisles waving his shotgun around...so we know they got scared into the new price reductions.

It's all a plot, I tell you....

Now, for those that arer more prone to using logic...

Crude oil is sold competitively, worldwide..and the highest bidder takes the goodies home..

You can be sure that oil/fuel prices will rise again by next Memorial Day..just as it has done for many years...and will back down again after Labor day..as it has done for years now..

..A simple matter of consumption..supply & demand..

The only thing that can be remotely blamed upon "W", is the all time high stock market. Undoubtedly "W's" tax reduction for all who pay taxes...surely gave the economy a boost .

Marxists just don't understand free enterprise very well..so thay cannot possibly comprehend just how tax reductions boost the economy !

Here in New York state our gas prices today are still hovering from $2.64-$2.79...part of the joy of living in a state run by Libs...First, there is $.62 on every gallon, plus the nanny govt has put so many restrictions and regulations in the way, that the price remains elevated...

I'm wondering if this holds true... that the price of gas in "blue" states is higher than the price of gas in "red" states, due to the excessive "nanny regs"...

Let's check..how much is reg gas where you are ? Are you in a red or blue state ?

I'll start...

gas averages about $2.71...blue

Casull · « **Reply #20 on:** September 28, 2006, 05:49:31 AM »

Ironglow, you just don't understand. If something goes wrong, it has to be W's fault, whereas if something goes right, it must be because of something Clinton did six or seven years ago.........."puke, gag". Sorry, I just couldn't keep that up.

pills · « **Reply #21 on:** September 28, 2006, 05:53:33 AM »

1.98-2.05 Buckle o the Bible Belt Oklahoma

WylieKy · « **Reply #22 on:** September 28, 2006, 07:53:29 AM »

$2.02-South Carolina------------Red (neck)

WylieKy

marylandeer · « **Reply #23 on:** September 28, 2006, 04:42:25 PM »

About $2.22 in Baltimore

wareagleguy · « **Reply #24 on:** September 28, 2006, 05:33:08 PM »

Remember that Bush and congress passed a giant tax break to oil companies. Who do you think the oil companies what back in command? Things got bad for the folks in congress and the next president and the price of oil was the NUMBER ONE REASON! I hear all you guys talking about supply and demand. TOTAL BUNK. I am a business man and I know that when TRUE supply and demand is in effect then the cost of production will go up which means profits will rise slightly or remain flat. THAT DIDN'T HAPPEN HERE. Record profits is what happened and that is NOT true supply and demand. WAKE UP AMERICA!

nomosendero · « **Reply #25 on:** September 29, 2006, 02:15:39 AM »

So, if the oil executives can manipulate the prices any way they like & keep making those record
profits, why did they drop the gas prices so much? Oh I forgot, the election.

But then again, if that were true we would have seen this before the last election which we did not,
in fact the opposite was true. I think the ragheads have a small stake in this to & they would love to see the Socialist Democraps back in power. Nay, me thinks this is all a bunch of crap!

NYH1 · « **Reply #26 on:** September 29, 2006, 06:22:52 AM »

Lowest I've seen in Central New York is $2.54.

S.S. · « **Reply #27 on:** September 29, 2006, 06:30:39 AM »

I can see no link at all. It just looks that way.
Oil futures are traded on the stock market and speculators
are what drives the price. If everyone wants to place blame on high
oil/gas prices, Look to Wall Street, Not the White House.
A panic on Wallstreet would send the price of gas through the roof
again no matter who was sitting in the Oval office at the time.
Greed drives Gas a whole lot more than politics !

Mac11700 · « **Reply #28 on:** September 29, 2006, 03:45:25 PM »

Quote from: S.Sumner on September 29, 2006, 06:30:39 AM

I can see no link at all. It just looks that way.
Oil futures are traded on the stock market and speculators
are what drives the price. If everyone wants to place blame on high
oil/gas prices, Look to Wall Street, Not the White House.
A panic on Wallstreet would send the price of gas through the roof
again no matter who was sitting in the Oval office at the time.
Greed drives Gas a whole lot more than politics !

Sorry...your wrong on most all accounts here...

Quote

Oil futures are traded on the stock market and speculators
are what drives the price. If everyone wants to place blame on high
oil/gas prices, Look to Wall Street, Not the White House.

The "futures" are bought and sold...but...by whom...Hmmmmmmm?...Besides various countries buying them...various holding companies do as well...and guess who controls these holding companies...Yup...none other than some of the largest oil companies...When the market share is up...they profit...and pass all additional cost on to us thru at the pumps...So...guess who really controls the price we pay at the pump...The greediest companies around...The have made billions in the last 2 years..double dipping...and yet their paid cronies in Washington do nothing...Yes...panic on Wallstreet will drive up the cost we pay at the pump...but the oil companies want this to happen......because they know they will make the huge profit when it does...and their retailers will as well...Even when a station has 12,000 gallons in the tanks...when corperate says raise the price...they do...almost immmediately whenever the price of crude goes up...stations jack their prices...but yet tey don't drop it on the ebbing of the prices now do they...The oil companies were predicting this would happen 3 years ago...ain't it amazing they new well ahead of time...Another thing I've noticed...for the last 5-6 times it's either been announced on TV...or in the newspaper we have the cheapest gas around...The stations around here raise prices within 48 hours...

Mac

DWTim · « **Reply #29 on:** September 30, 2006, 03:49:06 AM »

EDIT: This was originally in reply to the posts before Mac11700's

That's true, but in terms of crude futures, that accounts for about half of the price at the pump. On top of that we have the refining costs (including the cost of meeting environmental requirements), taxes, delivery costs, the oil companies' profits, and profit for the stations at the end of the chain. They're probably in that order, too, in terms of percentage of the total cost.

Right now, I'd bet that a lot people who bought futures at prices above $60 a barrel just lost a good chunk of change, so they're selling off to stop the bleeding. There's also the issue of the ethanol supply, which as I understand it, was short during the summer. Then we have the issue of seasons. Since fuel is sold by volume, what it's in the ground, where it's 55 degrees, shrinks when compared to what's in a truck's tank on an 80 degree day. Someone has to absorb that cost.

Quote from: Mac11700 on September 29, 2006, 03:45:25 PM

The "futures" are bought and sold...but...by whom...Hmmmmmmm?...Besides various countries buying them...various holding companies do as well...and guess who controls these holding companies...

Never heard that one. Can you back it up with solid information? This isn't an invitation for argument, I'm just asking for your sources, because I'd like to learn more.

Another note: I've heard Limbaugh and other Republican loyalists say something along the lines of "the price does this every year." Well, I went back and looked using data from the Commodities Research Bureau, and that is not the case. Most other years it went up beginning in October. Last year, it was going up no matter what, with H. Katrina and H. Rita wrecking the southern coasts. I will post the charts shortly.

p.s. The price is going up again in November.

From 1996 to 2006, daily crude futures, one frame per year