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Iran Nuke Deal Guarantees $2 / Gal prices for US Consumers

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Posted: #51
Quote Originally Posted by TheGoldenGoose:


SportsFan:  Just so you know how it works.  When a Homeowner gets down to below about 20 gallons in the Heating Oil Tank this is no time to fool around.  You still have to keep hot water available for your daily showers and dishwasher.  Under 20 gallons means it's time to fill up - NOW.  Heating Oil is not taxed as much as gasoline or diesel fuel but $1.89 Home Heating Fuel signals Gasoline is not very far behind.  And with the glut of Iranian Oil on the market, $2 gasoline is creeping a lot closer than you can imagine.

Huh??  I have done work in 100's of older homes - I have never heard of a heating oil powered hot water heater.
 
Legend
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Posted: #52

We have oil heated hot water burners up here in New England.

What do you have there?  Natural Gas?

This particular house was built in 1958.
~~~~~ZOSO~~~~~
 
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Posted: #53
In KY yes natural gas for heat or all electric home with heat pump.  Our electric rates are some of the lowest in the nation.  My house is all electric and I average about $150/mo for power.  3000sf
 
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Posted: #54
It's pretty funny to see sportsfan get completely owned and he keeps trying only to dig his hole deeper.

I swear it's like he goes out of his way
 
Legend
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Posted: #55

CRUDE TUMBLES TO 6 1/2 YEAR LOW...

https://www.foxbusiness.com/markets/2015/08/19/oil-steadies-but-oversupply-still-concerning/?intcmp=fnhpfbc

USA storage at peak highs.  No where to go.  It's got to come onto the market now and gasoline prices to sink.

BWA-HA-HA-HA-HA
~~~~~ZOSO~~~~~
 
Legend
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Posted: #56

   $2.51.9

CITGO
Silas Deane Hwy
Wethersfield, CT

Corporate Fukks are trying like all He!! to keep the price up but they can't hold it there any longer.  It's going to come crashing down.
~~~~~ZOSO~~~~~
 
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Posted: #57
If any of you morons are remotely familiar with macro economics you are aware that falling crude prices depicts an overall recession to come.

you idiots celebrate the savings of a few bucks while watching the economy fall 
 
Captain
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Posted: #58
Quote Originally Posted by SportsFan9698:

If any of you morons are remotely familiar with macro economics you are aware that falling crude prices depicts an overall recession to come.

you idiots celebrate the savings of a few bucks while watching the economy fall 

Please explain. I'm interested in this theory. 

 
Legend
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Posted: #59

Yes, do tell.
~~~~~ZOSO~~~~~
 
Legend
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Posted: #60

And when you are done with that one...

Tell us another story about that fukking DOPE from Texas who had gas prices at $5 / gallon and the economy in the stinker when he left office in '09.  What kind of economics was that?  They got a special name for that one too???

You sir, are FOS.
~~~~~ZOSO~~~~~
 
Legend
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Posted: #61
$2.38.9

CITGO
Berlin Turnpike
Berlin, CT

Dropping like a lead balloon.
~~~~~ZOSO~~~~~
 
Legend
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Posted: #62

$2.29.9

Citgo
Berlin Turnpike
Newington, CT
~~~~~ZOSO~~~~~
 
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Posted: #63
$1.99 

Costco 
Newbury St 
Danvers, Ma 
 
Covers Linesmen
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Posted: #64
We are not so lucky during this drop..

Some refinery in California that services most neighboring states had an equipment failure and it has taken months and will take months to repair, so our prices are inverted..

Diesel is near fair value of 2.25 or so, while unleaded is 2.45, so about 40 cents higher than if this refinery hadnt messed it up for the region.

What is interesting though, last time oil dropped down to the low 40's, gas here dropped all the way down to 1.77, but even with oil lower last week it didnt make gas prices drop under 2 bucks nationally. I think its the old Sunoco shuffle, slowing production when prices are low so profits done fall.


 
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Posted: #65
Goose you sure like to troll me but the truth is I'm HOT!!!  Hillary is not the nominee (predicted a year ago) and Goodell had his azz handed to him (predicted a couple months ago)

so you are doing well on your prediction, but national average needs to keep diving to get close to $2.  It may get there, but now the national media is reporting $2 by December, so my gut would tell me to fade that prediction.

As I mentioned, you clowns that watch gas prices hoping for lower lower lower are sooo foolish.  Lower energy prices is the indicator for tough times economically.  I would prefer $4 gas without a moment of thought.
 
Captain
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Posted: #66
Still waiting for that explanation on that theory of falling crude prices indicating a recession. 

Honestly, if there is such a science to it than we all should be able to retire soon right? 
 
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Posted: #67
Quote Originally Posted by Ktrain:

Still waiting for that explanation on that theory of falling crude prices indicating a recession. 

Honestly, if there is such a science to it than we all should be able to retire soon right? 
Much written on this.  But it is not a science; but is a theory. So, yes it is that easy. And, no it is not that easy.  It is dynamic and fluid.  Oil is the driver in the world economy. Not a driver---the driver.  But it is not a true supply and demand commodity. Some of it is based on expectation. What has happened in the past long ago is not the same as what happened in the recent past.  So, you have to consider why it is falling and how quickly it is falling. Is it because of lack of need?  Or is it because of a disturbance at a refinery or is it because of a skirmish. Etc. etc. Therefore, if you are right about it more than wrong you can make it easy. Same as any situation like this. As a couple of these articles point out it can be a good thing for the folks but bad for the overall economy.  Then you have to decide if it is going to affect the economy or if the economy is affecting it.  But a lot of the guys that study this are concerned about this drop as compared to some of the more recent drops. 

 
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Posted: #68
Falling commodity prices are a recessionary sign for sure..it means industrial need for commodities is declining, so copper and iron ore and crude oil, commodities needed to build things are a sign good or bad of the underlying economy.

I dont think oil is as good of an indicator compared to copper or iron ore since we ramped up supply so heavy and OPEC is trying to swamp us out, they have upped supply..but if you have been following copper prices and world inflation you can see how they are walking together down.

The US has no general inflation, since 2000 our inflation levels keep falling. Our country is maturing, we are not in a growth phase economically, I dont consider 2% growth to be the sign of a strong economy, and some countries are square in the middle of a recession...China, Canada, Australia, Brasil, many many countries are obviously declining ecomomically.
 
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Posted: #69
Yep.   Time will tell if it is slow or falls quicker soon. Or maybe we are bottoming now and things can start to turn around sooner. 
 
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Posted: #70
Quote Originally Posted by I_Need_A_Detox:

$1.99 

Costco 
Newbury St 
Danvers, Ma 






$2.18
CITGO
Berlin Turnpike
Newington, CT
~~~~~ZOSO~~~~~
 
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Posted: #71

SportsFan:  How am I trolling YOU???  YOU came into MY Thread.

Am I supposed to feel sorry because you lost 1/4 of your 401K?

We should all be happy and give Big Oil another $2 a gallon? 

No need for me to point out you sir are a jackazz because you do a great job all by yourself.
~~~~~ZOSO~~~~~
 
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Posted: #72

$2.11
CITGO
Berlin Turnpike
Newington, CT


How LOW can you GO?
~~~~~ZOSO~~~~~
 
Legend
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Posted: #73

$2.08
CITGO
Berlin Turnpike
Newington, CT


Hey, BIG OIL, can you feel it? 

Huh? 

Can you feel it right up your AZZ?

You CORPORATE FUKKS.

I am loving this.
~~~~~ZOSO~~~~~
 
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Posted: #74
Looks like that refinery in Calif is improving or other refineries are adding production, prices here have dropped about 30-40 cents in the last 10 days..now down to about 2 bucks if you shop it right.


 
 
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Posted: #75
1.92 today, same price as last week. After using fuel points I was under a buck and fillup cost less than 20 bucks.

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