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What Is This $30 A Barrel Gas Rumor?  
User currently offlineJdwfloyd From United States of America, joined Feb 2005, 837 posts, RR: 4
Posted (9 years 6 months 2 weeks 1 day 22 hours ago) and read 1559 times:

I have heard from a few different people that gas may be back down to 30 bucks a barrel by the end of the summer driving season, why?

18 replies: All unread, jump to last
 
User currently offlineGreasespot From Canada, joined Apr 2004, 3085 posts, RR: 20
Reply 1, posted (9 years 6 months 2 weeks 1 day 22 hours ago) and read 1556 times:

wishful thinking

GS



Sometimes all you can do is look them in the eye and ask " how much did your mom drink when she was pregnant with you?"
User currently offlineJutes85 From , joined Dec 1969, posts, RR:
Reply 2, posted (9 years 6 months 2 weeks 1 day 22 hours ago) and read 1550 times:

Quoting Jdwfloyd (Thread starter):
I have heard from a few different people that gas may be back down to 30 bucks a barrel by the end of the summer driving season, why?

To improve SUV sales obviously.  stirthepot 


User currently offlineDLKAPA From , joined Dec 1969, posts, RR:
Reply 3, posted (9 years 6 months 2 weeks 1 day 21 hours ago) and read 1540 times:

My ass. Here the gas prices are around $2.34 for Regular Unleaded.

User currently offlineAirlinerfreak From , joined Dec 1969, posts, RR:
Reply 4, posted (9 years 6 months 2 weeks 1 day 21 hours ago) and read 1532 times:

Why, simply because the demand isn't there, when the demand for the gas, is there they raise the prices. It is simply supply and demand.

User currently offlineJpetekYXMD80 From United States of America, joined Jul 2003, 4389 posts, RR: 27
Reply 5, posted (9 years 6 months 2 weeks 1 day 21 hours ago) and read 1530 times:

Quoting Airlinerfreak (Reply 4):
Why, simply because the demand isn't there, when the demand for the gas, is there they raise the prices. It is simply supply and demand.

There is more demand for gasoline in the world than at any other time in history.



The Best Care in the Air, 1984-2009
User currently offlineAirlinerfreak From , joined Dec 1969, posts, RR:
Reply 6, posted (9 years 6 months 2 weeks 1 day 21 hours ago) and read 1524 times:

Yes but don't forget this is the beginning of when people start to take car trips in mass numbers, because we re beginning to go into the season called Summer. After Summer or Labor Day weekend the prices drop. It simply goes in cycles.

User currently offlineJpetekYXMD80 From United States of America, joined Jul 2003, 4389 posts, RR: 27
Reply 7, posted (9 years 6 months 2 weeks 1 day 21 hours ago) and read 1521 times:

True, summer prices do fluxuate based on these terms. However I think there is more to it this year, having the highest average gas prices weve ever had, there is more going on than just the season.


The Best Care in the Air, 1984-2009
User currently offlineAirlinerfreak From , joined Dec 1969, posts, RR:
Reply 8, posted (9 years 6 months 2 weeks 1 day 21 hours ago) and read 1520 times:

Haliburton's numbers were too low last year, theres your answer to why it is so high this year.

User currently offlineTheCoz From , joined Dec 1969, posts, RR:
Reply 9, posted (9 years 6 months 2 weeks 1 day 21 hours ago) and read 1511 times:

Maybe they're making smaller barrels?

User currently offlineCopaair737 From , joined Dec 1969, posts, RR:
Reply 10, posted (9 years 6 months 2 weeks 1 day 17 hours ago) and read 1482 times:

Up here in Eureka, CA, gas prices have now topped 3 dollars a gallon. Things are just getting ridiculous. Sooner or later, I suppose the bubble will break, but I don't see how they could get much higher. 3 dollars a gallon! I remember when I didn't think I would ever see it top 2 dollars.

-Copa


User currently offlineAirlinerfreak From , joined Dec 1969, posts, RR:
Reply 11, posted (9 years 6 months 2 weeks 1 day 17 hours ago) and read 1473 times:

I know exactly what you mean Mike. We are dealing with the same thing down here south of you in Southern California. It is a never ending plague it seems like.

User currently offlineAa777flyer From , joined Dec 1969, posts, RR:
Reply 12, posted (9 years 6 months 2 weeks 1 day 16 hours ago) and read 1450 times:

I wont say never, but I HIGHLY doubt we will ever see $30 a barrel again. We wont even likely see the low $40's. Goldman Sachs is actually predicting oil will spike to $105 a barrel by this time next year. I dont really believe that. I personally think we will stay in the $50-60 range for some time, about the next 5-6 years or so. Then it will move its way up. This is just like when gas went above $1.00 a gallon, no one could believe it, same thing with $2.00 a gallon gas, we will simply have to get use to it.
One thing would help would be if Americas love affair with the gas guzzleing SUV would die, and people would buy more sensible cars it would help keep things somewhat level and not subject to such rapid price increases.

Then again if we kick this Jackass Bush out of the Whitehouse and end his ties with his buddies at Haliburton and the Saudi Arabia it probably would not hurt either.


User currently offlineFalcon84 From , joined Dec 1969, posts, RR:
Reply 13, posted (9 years 6 months 2 weeks 1 day 16 hours ago) and read 1444 times:

I think it was Morgan Stanley who said they thought gas prices would spike around $105 a barrel within a year, so $30 would be a godsend!

Seriously, if that happened, I and every employee in the airline business would be delirous with happiness, trust me.  Smile


User currently offlineAsstChiefMark From , joined Dec 1969, posts, RR:
Reply 14, posted (9 years 6 months 2 weeks 1 day 13 hours ago) and read 1409 times:

Gas is sold by the barrel? I thought it was sold by the cubic foot. Crude oil is sold by the barrel. If gasoline is $30 a barrel, then a gallon would cost 71.43¢ .

I doubt that will ever happen again!

Mark


User currently offlineAa777flyer From , joined Dec 1969, posts, RR:
Reply 15, posted (9 years 6 months 2 weeks 1 day 13 hours ago) and read 1409 times:

Quoting Falcon84 (Reply 13):
I think it was Morgan Stanley who said they thought gas prices would spike around $105 a barrel within a year, so $30 would be a godsend!

Seriously, if that happened, I and every employee in the airline business would be delirous with happiness, trust me.

It would instantly and dramatically change the playing field. It would quicky pull UA, US out of CH11. AA/DL/CO/NW would be making money. While WN would still have a pricing advantage at it $26 per barrel hegde their HUGE price advantage in this area would be much smaller.

HOWEVER, I think your chances of winning the lotto are greater than seeing $30 prices again.


User currently offlineN1120A From United States of America, joined Dec 2003, 26595 posts, RR: 75
Reply 16, posted (9 years 6 months 2 weeks 1 day 12 hours ago) and read 1403 times:

Quoting Airlinerfreak (Reply 11):
I know exactly what you mean Mike. We are dealing with the same thing down here south of you in Southern California. It is a never ending plague it seems like.

You can't drive, so how does it make a difference?

Honestly, current oil prices are where they are for two major reasons. One is the refusal of the Bush Administration to release (and stop filling) the Strategic Oil Reserve like Clinton did the last time gas was going over $2 per gallon. The threat, and temporary release at that time brought oil prices back in check. The second problem is oil speculation which has run rough shod over our economy and showered oil companies in cash, hence the new round of consolidation led by Chevron-Texaco's take over of Unocal.



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlineFDXMECH From United States of America, joined Mar 2000, 3251 posts, RR: 34
Reply 17, posted (9 years 6 months 2 weeks 1 day 12 hours ago) and read 1394 times:

I've seen it all before, several times.

High prices beget low prices. Low prices beget high prices.



You're only as good as your last departure.
User currently offlineAirlinerfreak From , joined Dec 1969, posts, RR:
Reply 18, posted (9 years 6 months 2 weeks 1 day 10 hours ago) and read 1376 times:

Quoting N1120A (Reply 16):
You can't drive, so how does it make a difference?

Very true, but I dont see your point. My parents still have to pay the hefty prices. Also, I am allowed to be involve in the problems this world is facing. Also we still need to fill those reserves in case another Terrorist attack happens or something catostrophic happens. It is better to be safe than sorry.


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