Gas prices...
Lexus Champion
Joined: Oct 2002
Posts: 11,204
Likes: 12
From: The Woodlands, TX
Pole Position
Joined: Jan 2009
Posts: 235
Likes: 10
From: FL
I have a 2005 LS430 and kept a Excel spreadsheet with all my expenses since purchased in 2009. Always use regular except for that last spike in Sept 2014 when I tried 2 tanks of premium fuel at $.40 more per gallon. Guess what, no change in MPG for those 2 tanks so I went back to regular. This chart shows 114,000 miles and 5,047 US gallons. The dip at far right is a recent trip through Alabama where gas is always about $.20 less than Florida.
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Lexus Champion
Joined: Oct 2002
Posts: 11,204
Likes: 12
From: The Woodlands, TX
Thread Starter
Lexus Champion
Joined: Sep 2010
Posts: 2,439
Likes: 0
From: CA
Interesting article:
You're Enjoying Low Gas Prices, But Is It Really A Good Sign?
http://www.npr.org/2014/10/23/358062...ly-a-good-sign
Thoughts?
You're Enjoying Low Gas Prices, But Is It Really A Good Sign?
...Over the past 12 months, the CPI has risen by 1.7 percent, roughly half of its historical average rate of increase.
That sounds great for consumers.
But some economists see possible trouble ahead. They worry that if energy prices were to keep sliding, the process could contribute to deflation — a brutal cycle of falling prices last seen in this country during the Great Depression of the 1930s...
That sounds great for consumers.
But some economists see possible trouble ahead. They worry that if energy prices were to keep sliding, the process could contribute to deflation — a brutal cycle of falling prices last seen in this country during the Great Depression of the 1930s...
Thoughts?
Lexus Champion
Joined: Aug 2012
Posts: 4,592
Likes: 31
From: TN
All this fracking and shale oil in Canada has the Arabs flipped the hell out. Usually if OPEC thought prices were getting too low, they'd just cut supply and push them up again.
Well now they're worried if they cut their production, there is more supply out there now days, so they can't play that same old trick they've been doing for years.
The Arabs/OPEC's strategy now is to amp up production, get oil prices so low that it becomes economically unviable to frack and shale. Fracking and shale oil is a lot more expensive to produce/extract, so its only economically viable when oil is above a certain price per barrel. Their idea is to bankrupt all these fracking/shale oil companies, thus it will tighten the supply again.
So for right now, healthy competition in the oil market is a WIN WIN WIN for almost everybody except the Arabs, Russia, and those with interests in fracking/shale oil.
Well now they're worried if they cut their production, there is more supply out there now days, so they can't play that same old trick they've been doing for years.
The Arabs/OPEC's strategy now is to amp up production, get oil prices so low that it becomes economically unviable to frack and shale. Fracking and shale oil is a lot more expensive to produce/extract, so its only economically viable when oil is above a certain price per barrel. Their idea is to bankrupt all these fracking/shale oil companies, thus it will tighten the supply again.
So for right now, healthy competition in the oil market is a WIN WIN WIN for almost everybody except the Arabs, Russia, and those with interests in fracking/shale oil.
