08-26-2006, 10:35 AM | #1 | ||||
Pro Starter
Join Date: Oct 2000
Location: Muskogee, OK USA
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$2 Gas? Experts Differ On Possibility
hxxp://www.newsok.com/article/2837234/?print=1
$2 gas? Experts differ on possibility By Adam Wilmoth The Oklahoman Falling fuel prices caused Helen Hays to rush to the nearest gasoline station Friday afternoon. "I'm tickled to death. That's why I'm filling up right now," Hays said while filling up at $2.70 a gallon. "I'm afraid to take the chance that I'll get up in the morning and the price will be up again. I'm going to grab it while it's at this price." After climbing steadily for much of the year, Oklahoma's average gasoline price has slipped 21 cents over the past 18 days, according to AAA statistics. Industry analysts say the price could continue falling over the next few days and weeks as long as there are no major supply disruptions. "All the stars are in proper alignment," AAA Oklahoma spokesman Chuck Mai said. "We are enjoying reduced demand because the summer driving season is all but over, and we have greater gasoline inventories than were expected. It looks like Iran is ready to negotiate over their plans for nuclear energy. The cease-fire agreement is still holding between Israel and Hezbollah." Mai said prices could fall to below $2 in the fall, as long as there are no hurricanes or other supply problems. "The forces that drove the price up are still with us," he said. "We are still seeing strong demand and booming economies in China and India. But if we see those countries' demand drop due to the high prices, and if we can open up some additional sources of oil in this country, which Congress seems ready to do, then that optimism could translate into lower prices by the end of 2006 and early 2007. I don't know if it will get down below $2, but it's not totally out of the question." Bruce Bell, chairman of the Mid-Continent Oil and Gas Association of Oklahoma, said prices likely will continue to fall over the next few weeks, but he said $2 gasoline is unlikely anytime soon. "I wish it would go down that far, but I don't see that happening anytime soon," he said. "Barring a global depression, there is too much growth in gasoline demand for the price to fall that far. But I do think prices will continue to decline, following the price reduction in crude oil and the wholesale price of gasoline." Recent prices Oklahoma's statewide average price for a gallon of regular unleaded gasoline fell to about $2.79 a gallon on Friday, down from more than $2.98 on Aug. 8. Friday's national average was $2.89, down from almost $3.04 two weeks ago. Consumers in the Oklahoma City metro area paid an average price of nearly $2.76 on Friday, down from almost $2.97 on Aug. 6. Prices at individual stations, however, fell as low as $2.49 a gallon, according to gasbuddy.com. In Tulsa, Friday's average price was $2.73, down from $2.97 on Aug. 7. The lowest price in the Tulsa area was $2.62 on Friday afternoon. Lower prices could lead to significant savings for Evan Hill of Oklahoma City. "I do less driving now than I used to," he said while filling up his SUV at $2.70 a gallon. "If prices keep going down, we could go out for dinner more than we do now."
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08-26-2006, 11:03 AM | #2 | |
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Join Date: Nov 2000
Location: Troy, NY
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Ok, so driving 15 miles to go out to dinner is possible at $2/gallon but not at $3? Sometimes seemingly intelligent people baffle me with their habits and thoughts on gas prices.
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Quis custodiets ipsos custodes? |
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08-26-2006, 11:05 AM | #3 |
Grizzled Veteran
Join Date: Nov 2003
Location: MA
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High prices are bad, I like the low ones better. I'm happy my new job pays for all my mileage.
That's the extent of my thoughts on gas prices. |
08-26-2006, 11:08 AM | #4 |
This guy has posted so much, his fingers are about to fall off.
Join Date: Nov 2000
Location: In Absentia
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We're now down to $2.47 (cheapest I saw yesterday). We've dropped $.60 in about 3 weeks.
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M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete." |
08-26-2006, 11:12 AM | #5 |
Pro Starter
Join Date: Sep 2005
Location: TX
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3$ for a gallon of gas is unreasonable but 3.50 for a cup of low fat mocha latte double coffee is reasonable?!
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08-26-2006, 11:13 AM | #6 |
Pro Starter
Join Date: Feb 2004
Location: Dayton, OH
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Geez, doesn't everyone realize prices are dropping because the elections are coming up?
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08-26-2006, 11:14 AM | #7 | |
Coordinator
Join Date: Apr 2005
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Quote:
Yeah, I never understood this mindset on gas. |
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08-26-2006, 11:14 AM | #8 | |
College Starter
Join Date: Oct 2000
Location: Edmond, OK
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Quote:
While I agree with you completely, it's important to note here that OKC is pretty spread-out as far as what is called the "metro area." It's very possible that a person being referred to as living in OKC can live 45 minutes driving time easily from various popular restaurant districts like Bricktown. Not a huge difference by any stretch, but... |
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08-26-2006, 11:40 AM | #9 |
Grizzled Veteran
Join Date: Dec 2002
Location: Little Rock, AR
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OKCBusiness is a much better place to get your news and info. Why? I was the lead programmer on the site.
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08-26-2006, 12:30 PM | #10 | |
College Benchwarmer
Join Date: Jan 2003
Location: Hartford
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Quote:
It's not because of the price of the gas used driving out to dinner, it's the fact that more expensive gas = less disposable income. |
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08-26-2006, 12:59 PM | #11 | |
Pro Starter
Join Date: Nov 2000
Location: Troy, NY
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Quote:
Ok in this case that may be true, but I see statements like this in the news all the time that are indeed directly related to the gas cost.
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Quis custodiets ipsos custodes? |
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08-26-2006, 01:01 PM | #12 | |
Coordinator
Join Date: Jan 2003
Location: Conyers GA
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Quote:
Exactly. I drive over 100 miles per day just to get to and from work. And that's during crappy rush hour traffic, which eats more gas because it's stop and go. $3 a gallon makes a much bigger dent in my wallet than $2 per gallon does. Because I spend so much on gas, I have less $$ to spend in other areas. It's very simple, IMO. |
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08-26-2006, 01:01 PM | #13 | |
Hattrick Moderator
Join Date: Jan 2003
Location: Pintendre, Qc, Canada
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Quote:
bingo, it's really not only the 15 miles that matters to me, it's the 250 other miles I drive in a week. If I save $10 a week on fillup, at the end of the month I got a dinner at the restaurant that right now I can't afford right now... FM
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08-26-2006, 01:08 PM | #14 | |
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08-26-2006, 04:13 PM | #15 | |
Coordinator
Join Date: Oct 2000
Location: The Black Hole
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Quote:
To me, $50 more per month is nothing due primarily to how much it costs my family to eat out. We usually eat out twice a week and this wouldn't affect me much. That's just $50 less I put into my kids' college funds. Last edited by Raiders Army : 08-26-2006 at 04:14 PM. |
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08-26-2006, 04:19 PM | #16 |
Coordinator
Join Date: Apr 2001
Location: Early, TX
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I just paid $3.26 for per gallon this morning, so fuck this article in the ass, along with all of you vaginal pricks who pay $2.whatever per gallon. Suck it.
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08-26-2006, 04:27 PM | #17 | |
General Manager
Join Date: Oct 2004
Location: New Mexico
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Quote:
lol @ "vaginal pricks" Seriously, though - if the price of gas fell to $2.00, I could finally afford to buy that new SUV I've had my eye on. |
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08-26-2006, 04:45 PM | #18 |
Coordinator
Join Date: May 2003
Location: Utah
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Yeah....just filled up at 2.92 this morning...for the mini-van it came out to $46 while my Jeep, will be closer to $60 (I will find that out before I go fishing this next week)
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08-26-2006, 04:49 PM | #19 | |
General Manager
Join Date: Oct 2002
Location: The Mountains
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Quote:
The entire northwest doesn't seem to have dropped at all. |
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08-26-2006, 05:59 PM | #20 | |
Mascot
Join Date: Jul 2002
Location: Ft. Lauderdale/Miami, FL
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Quote:
solutions: a) move closer to work b) carpool c) get more efficient car d) combination thereof
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YO PHOENIX MAN |
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08-26-2006, 06:05 PM | #21 |
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... and oh yeah, pick up some equities in the energy sector
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YO PHOENIX MAN |
08-26-2006, 06:19 PM | #22 |
Mascot
Join Date: Jul 2002
Location: Ft. Lauderdale/Miami, FL
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Complaining doesn't help, everything has a cost and we all have choices to make everyday. I really hate the sense of entitlement everyone has that is ruining this country.
- don't want to pay for gas but want to roll around in huge SUVs - - don't want to pay for medicine but want to eat like a pig and not exercise - - etc., etc., etc. -
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YO PHOENIX MAN Last edited by Phoenix : 08-26-2006 at 06:20 PM. |
08-26-2006, 07:09 PM | #23 | |
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Can you tell me who you really are, so I can say "I agree with..." |
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08-26-2006, 07:26 PM | #24 | ||
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Join Date: Mar 2004
Location: Oakland, CA
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Quote:
" I haven't seen gas under $3/g since April. Around $2/g? Maybe 1997.
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Last edited by Rizon : 08-26-2006 at 07:27 PM. |
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08-26-2006, 07:29 PM | #25 | |
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Join Date: Mar 2004
Location: Oakland, CA
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Quote:
Course, I buy premium, lowest I've got in the last year (since I kept track) is $2.29/g. |
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08-26-2006, 10:04 PM | #26 | |
College Benchwarmer
Join Date: Jan 2003
Location: Hartford
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Quote:
You aren't comprehending what they are saying. Most casual dining restaurants have had a few bad quarters due to the high price of gas pressuring disposable income. If you get dragged to a Cheesecake Factory at lunchtime, you'll see they are pushing a lower priced, lunch portion sized menu directly because of this. |
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08-26-2006, 10:09 PM | #27 | |
Coordinator
Join Date: Jan 2003
Location: Conyers GA
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Quote:
Thanks for the advice, but I wasn't looking for any. I was simply stating a fact that the increase in gas prices directly affects the amount of money I have to spend on other things, and therefore has changed my spending habits. |
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08-26-2006, 10:09 PM | #28 | |
College Benchwarmer
Join Date: Jan 2003
Location: Hartford
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Quote:
I hate the cost of gas and I drive a Honda Accord. Am I allowed to complain? |
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08-26-2006, 10:11 PM | #29 | |
Coordinator
Join Date: Jan 2003
Location: Conyers GA
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Quote:
I drive an Accord too. I bought it the year before they came out with the hybrid version. I wish I had waited. I think with the amount I drive, it would have been worth the extra money I would have spent on the car. |
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08-26-2006, 10:25 PM | #30 | |
College Benchwarmer
Join Date: Jan 2003
Location: Hartford
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Quote:
I have a 2006. I'm getting about 28-30 miles to the gallon which is pretty sweet. That is even with a mix of about 50/50 highway/city. When I can get out on the highway on a trip it's even higher. My girlfriend just bought an Acura TL last weekend, I'm interested to see how that does. |
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08-26-2006, 10:36 PM | #31 |
General Manager
Join Date: Oct 2000
Location: The Satellite of Love
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With the price of gas going down, I can afford to start smoking again!
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08-27-2006, 03:20 PM | #32 | |
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Join Date: Jul 2002
Location: Ft. Lauderdale/Miami, FL
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Quote:
NO! ride your bike -
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YO PHOENIX MAN |
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08-27-2006, 03:27 PM | #33 | |
Coordinator
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Location: Here and There
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That's what the man on the grassy knoll told me too. |
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08-27-2006, 04:03 PM | #34 | |
College Benchwarmer
Join Date: Jan 2003
Location: Hartford
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Quote:
I wouldn't mind riding a bike to work in the spring or fall. Problem is I work on the other side of the Connecticut River and there isn't a non-expressway over the river. |
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08-27-2006, 04:10 PM | #35 | |
Grizzled Veteran
Join Date: Oct 2000
Location: Edinburg,TX
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Quote:
Give me $50 then would you, I have a couple uses for it right now.
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You Stole Fizzy Lifting drinks! You bumped into the ceiling which now has to be washed and steralized, so you get NOTHING! You lose! |
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08-27-2006, 07:07 PM | #36 |
Coordinator
Join Date: Oct 2000
Location: The Black Hole
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Let me correct myself. An extra $50 a month to spend on gas is nothing. I have to buy gas. I don't have to give you $50.
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08-27-2006, 07:26 PM | #37 | |
College Starter
Join Date: Dec 2003
Location: The DMV
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Quote:
I did read somewhare (possibly in another FOFC thread) that hybrids don't really pay out (until year 7 or 8 or so), because the dealer mark-up is so high. Though, if you do drive it a lot, you will make your money back sooner... |
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08-27-2006, 07:29 PM | #38 | |
College Benchwarmer
Join Date: Jan 2003
Location: Hartford
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Quote:
Depends somewhat on how much of the tax break you can get. Only the first x amount of buyers get the break, and they are close to selling x cars now, so the financials will work out even worse then they were before. |
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08-27-2006, 08:35 PM | #39 | |
Coordinator
Join Date: Jan 2003
Location: Conyers GA
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Quote:
Yeah. That's what I was getting at. Unfortunately, you pay a big premium to the car company to buy a hybrid. I drive enough that it would probably at least even out, but I would much rather support the hybrid technology than the traditional technology, so as long as the dollars are close to the same. |
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08-27-2006, 09:38 PM | #40 |
Coordinator
Join Date: Apr 2005
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Is a depression era looming?
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08-27-2006, 09:44 PM | #41 | |
The boy who cried Trout
Join Date: Oct 2000
Location: TX
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Quote:
I agree with Logan. |
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08-28-2006, 02:28 AM | #42 |
H.S. Freshman Team
Join Date: Oct 2000
Location: Missouri
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I think the over looked part of high gas prices is the big picture. Higher gas prices will affect all products because of higher shipping costs. So far inflation has been kept in check to an extent, but it will eventually began creeping into just about every aspect of life. Unfortunatley the U.S. economy is wed to gasoline prices whether the effect is real or perceived. The majority of Americans are middle to lower working class and 50 bucks a month can mean more than sacrificing a night out at the movies. And even though people hate to admit it, when the majority starts curtailing their spending even those that are most insulated from the more costly gasoline start becoming affected through downsizing/layoffs. Eventually the economy will slow or crash. We are way to dependent on the flow of oil or in this case refining capacity to have any real security in the U.S. One can look at the Ford shutdowns as an example. People aren't buying as many new vehicles, because they either don't want the gas guzzlers they are producing, or they are afraid their is no end in sight for rising gas prices.
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08-28-2006, 11:37 AM | #43 | |
Coordinator
Join Date: Apr 2005
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Quote:
Plus, $3.5 trillion deficit, which politicans are too selfish to realize is a serious problem, won't help. Problem is, our economy has a pretty global impact on rest of the world. |
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08-28-2006, 01:34 PM | #44 | |
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Location: Edinburg,TX
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Quote:
Don't worry, they will screw over truckers for a while longer to keep the impact from getting to high. One day though, BLAMMMY!!!!!!!!!!!
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You Stole Fizzy Lifting drinks! You bumped into the ceiling which now has to be washed and steralized, so you get NOTHING! You lose! |
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08-28-2006, 01:56 PM | #45 | |
This guy has posted so much, his fingers are about to fall off.
Join Date: Nov 2000
Location: In Absentia
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Quote:
I have a TL. On the highway, it is a steady 30/31 MPG. When I was living in Tallahassee and had more stop-and-go traffic on the drive to and from work, I was only at around 20/21 MPG. Now that I'm in Lexington and have 45-65 MPH zones for over half my drive to and from work, I'm at around 24/25 MPG.
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M's pitcher Miguel Batista: "Now, I feel like I've had everything. I've talked pitching with Sandy Koufax, had Kenny G play for me. Maybe if I could have an interview with God, then I'd be served. I'd be complete." |
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