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#1967441 - 10/07/14 01:39 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Somewhere in the middle
Still 3.45 mad
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#1967442 - 10/07/14 01:39 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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nd if anyone is familiar with how refineries work, turnarounds are done in 2-3 days at worst case, not 2-3 weeks.

Union Job?
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#1967449 - 10/07/14 01:44 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Pulling people out of the ditc...
in my neck of the woods, where there are many refineries, when a turnaround is taking place, it is all hands on deck, no vacation, if you call in sick you better have Ebola (or worse), and they are paid a ton of overtime money, usually working 12-16 hour shifts. And that is all included in the union contract. If the refinery is closed, they don't make money, plain and simple.
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#1967452 - 10/07/14 01:47 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Not knowing the refinery business; one would think it is add summer stuff do not add summer stuff. Done.
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#1967456 - 10/07/14 01:54 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Texas
Face it. We're manipulated with regards to fuel prices.

$3.19 here in mid-west Texas. Some $2.98 in the Fort Worth area according to my dad.
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#1967458 - 10/07/14 02:08 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Quadrupletville, Texas
$2.99 - $3.15 in Central Texas
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#1967488 - 10/07/14 02:39 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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under the Lone Star
2.89 at the local Sam's Club, central to southeast Texas...sort of
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#1967714 - 10/07/14 07:04 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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The US has a surplus of crude but because of crude futures being tied to the middle east price of crude the price for gas is not dropping nearly close to the rate it should. We need to go back to making futures trading illegal on any energy or food related goods. You would see the prices drop by 40% in less than a year if not more.

Personally I would be happy to outlaw all futures trading as it is juts legalized gambling for the poor and legalized class warfare by the rich. (Then again so its the lotto) ^_^
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#1967797 - 10/07/14 08:16 PM Re: Gas prices fall below $3.00 per gallon Wolfy
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are you one of the Duke brothers?
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#1967929 - 10/08/14 02:19 PM Re: Gas prices fall below $3.00 per gallon Wolfy
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Originally Posted By: Wolfy
We need to go back to making futures trading illegal on any energy or food related goods.


You don't think a farmer should be able to lock in his delivery price on part of his crop to hedge the price risk?
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#1967935 - 10/08/14 02:26 PM Re: Gas prices fall below $3.00 per gallon MyBrainHurts
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Originally Posted By: MyBrainHurts
Originally Posted By: Wolfy
We need to go back to making futures trading illegal on any energy or food related goods.


You don't think a farmer should be able to lock in his delivery price on part of his crop to hedge the price risk?


No I believe in free, and equal, market. If one person should be protected from price risk all should be. The experiment of special treatment for special groups did not better our countries economy nor did it decrease the cost of living. History clearly shows that government action in the market has rarely had a positive long term impact.
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#1967941 - 10/08/14 02:32 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Pulling people out of the ditc...
some farmers can make more money by not growing crops than they can by growing them...thank you subsidies from the USDA...

Quote:
History clearly shows that government action in the market has rarely had a positive long term impact.


i would append this to say in any market...
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#1968937 - 10/10/14 07:30 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Somewhere in the middle
Oil is below $86 as barrel, yet our gas is still $3.45 cry Gas should be at $2.80
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#1968944 - 10/10/14 07:42 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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You are here
Global/climate thingy
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#1968955 - 10/10/14 07:55 PM Re: Gas prices fall below $3.00 per gallon Wolfy
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Originally Posted By: Wolfy
Originally Posted By: MyBrainHurts
Originally Posted By: Wolfy
We need to go back to making futures trading illegal on any energy or food related goods.


You don't think a farmer should be able to lock in his delivery price on part of his crop to hedge the price risk?


No I believe in free, and equal, market. If one person should be protected from price risk all should be. The experiment of special treatment for special groups did not better our countries economy nor did it decrease the cost of living. History clearly shows that government action in the market has rarely had a positive long term impact.



I still don't see how crop futures are "special treatment" or what it has to do with the government. A farmer contracts with a guy to sell him 100,000 bu of corn next February at $x.00 a bushel. The farmer is just trying to stay in business. Who is harmed?

"If one person should be protected from price risk all should be."

To meet your condition, the government not the market has to set the price. Welcome to the USSR.
Last edited by MyBrainHurts; 10/10/14 07:57 PM.
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#1968965 - 10/10/14 08:18 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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the sandy shore
I paid $2.95 this morning!
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#1969034 - 10/13/14 12:24 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Pulling people out of the ditc...
$2.96 yesterday, which means I saw $2.91 this morning at the same place...ugh
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#1969048 - 10/13/14 02:22 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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MI
Paid $2.87 with Kroger card - would have been $2.97 otherwise!
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#1969050 - 10/13/14 02:30 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Still $3.19 here.

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#1969052 - 10/13/14 03:13 PM Re: Gas prices fall below $3.00 per gallon QCL
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Filled up Saturday morning $2.82!

Just looked (10/13/14 3:15 p.m.) & it is $2.79!
Last edited by Ski; 10/13/14 08:19 PM.
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#1969082 - 10/14/14 12:52 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Finally - this morning Kroger was at $2.99 while the other stations are higher.
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#1969089 - 10/14/14 01:42 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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lost in compliance land
still over $3.00 here frown
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#1969091 - 10/14/14 01:49 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Somewhere in the middle
Finally dropped this weekend to 2.31 Woo Hoo....NOT!
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#1969095 - 10/14/14 01:52 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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well it's $3.21 here and we consider that a bargain, DD. frown

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#1969108 - 10/14/14 02:12 PM Re: Gas prices fall below $3.00 per gallon HappyGilmore
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Pulling people out of the ditc...
$2.86...
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