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Default Gas jumps to 3.90 - 03-09-2012, 11:23 AM

At least it did in Buckeye Lake and Hebron.

3.54 earlier today.
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Default 03-09-2012, 11:35 AM

Don't know what to make of it. I guess the higher it goes the harder we will try for alternatives. But in the meantime we will suffer because everything hinges off of oil prices. Food being the biggest.
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ragin_runner ragin_runner is offline
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Default 03-09-2012, 12:05 PM

There are very few people that truly suffer in this country.

Gas at $3.90 won't push people into suffrage,nor will it at $5.00 per gallon.
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sleeper sleeper is offline
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Default 03-09-2012, 12:06 PM

That's extremely cheap to what it will be once inflation starts hitting the market.
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Default 03-09-2012, 01:07 PM

3.67 today in Fairborn about 1/2 hour ago.


Go Troy!
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Tom.OH Tom.OH is offline
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Default 03-09-2012, 01:15 PM

WHIO ( 7 in Dayton) had a report at noon that there is a 90% chance that gas will be 3.999 to 4.099 this weekend in the Dayton area.
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Default 03-09-2012, 02:07 PM

Is it any wonder the prices go up when our president REFUSES to increase domestic oil production? SMH!!!

BHO says lower consumption will cause prices to drop. What a crock! Consumption is at a 10-year low and prices keep rising! The guy has no clue to reality!

The only way prices will go down is if the USA becomes a major oil PRODUCER and floods the market with domestic product... something that CAN be done!

This will NEVER happen as long as BHO is in office.

/rant


I'm thirsty!
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sleeper sleeper is offline
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Default 03-09-2012, 02:08 PM

Quote:
Originally Posted by tomindayton View Post
Is it any wonder the prices go up when our president REFUSES to increase domestic oil production? SMH!!!

BHO says lower consumption will cause prices to drop. What a crock! Consumption is at a 10-year low and prices keep rising! The guy has no clue to reality!

The only way prices will go down is if the USA becomes a major oil PRODUCER and floods the market with domestic product... something that CAN be done!

This will NEVER happen as long as BHO is in office.

/rant
This has nothing to do with supply and everything to do with global demand increasing and the dollar being rendered worthless.
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Default 03-09-2012, 02:12 PM

No one, especially sleeper!, can convince me that the price of crude would not drop immediately when the USA announces it is in the oil production business again.


I'm thirsty!
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Default 03-09-2012, 02:20 PM

Well, the economy will tank again....it's been the pattern...gas prices soar, the economy falls.

REMEMBER IN NOVEMBER.
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BradleyJaguars BradleyJaguars is offline
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Default 03-09-2012, 02:21 PM

If the supply goes up, demand being steady (it isn't but assuming so), the price would go down. That said, it doesn't matter a lick if said increase in supply comes from the U.S., the Middle East, Russia, or the North Pole. It's a world market.
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Default 03-09-2012, 02:21 PM

Sorry but I like the price of gas high. That's why I moved to California, it's about $4.59 out here.
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Bevo Bevo is offline
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Default 03-09-2012, 02:27 PM

I can retire in two months and eliminate a daily 120 mile round trip; it's part of my analysis as to whether I should go or not.
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Default 03-09-2012, 02:30 PM

Quote:
Originally Posted by tomindayton View Post
No one, especially sleeper!, can convince me that the price of crude would not drop immediately when the USA announces it is in the oil production business again.
https://www.cia.gov/library/publicat.../2176rank.html

The United States is 11th in the world at exporting Oil at 1.9 million bbl/day which is about 2.9% of world output. That's a small drop in the pond. Even in some faux reality where we could up production over night(impossible) three fold, at most we might see a minor dip in the price of oil.

Your comment regarding "no one can convince me" is a major turn off from doing any more in-depth research because I feel it would be a waste of time.
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BradleyJaguars BradleyJaguars is offline
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Default 03-09-2012, 02:30 PM

Quote:
Originally Posted by Bevo View Post
I can retire in two months and eliminate a daily 120 mile round trip; it's part of my analysis as to whether I should go or not.
I drive on average 60 miles a day and my math told me a 50% jump in gas prices would mean about $10 per week out of my pocket. Nothing on which I would base a major life decision.
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HelloNewman HelloNewman is offline
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Default Trying to start trouble? - 03-09-2012, 05:49 PM

Very few people in this thread understand economics. I have a feeling some of you are just spewing out talking points you heard on tv or the radio.
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Default 03-09-2012, 05:57 PM

When one believes one party is better than the other that is where the trouble starts.

The R-Party and the D-Party care only about the other members of the 1%'ters,
The 99%'ters deserve everything we get.
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Default 03-09-2012, 05:57 PM

Live in a two traffic light town and only one gas station. Got gas went inside and the girl behind the counter says if you want gas at 3.69 buy it now. I asked how high is it going and she said she did not know manager on the way in to rasie price.
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Default 03-09-2012, 06:59 PM

Google:

Felt Z100.

Problem solved.
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Default 03-09-2012, 08:21 PM

The one thing that has not changed from the old huddle to the new huddle is the constant whining about gas prices.
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