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Gas Prices to Fall 30 to 50 per Gallon

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Gas Prices to Fall 30 to 50 per Gallon

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Old 10-20-12, 06:35 PM
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Lil4X
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Arrow Gas Prices to Fall 30 to 50 per Gallon

The autumnal decrease in the price of gas has been late this year, but by next week we should begin to see prices retreating at the pump. Most experts are predicting a 30 per gallon decrease, and a few are going out on a limb and forecasting a 50 price drop by the end of November.

Nationwide, predictions of a retreat from the present $3.86 peak average price to a slightly more reasonable $3.35 or lower by late November. Some regions may experience greater savings. Tom Kloza of the Oil Price Information Service, notes wholesale prices in some key markets have dropped from as high as $4.35 a gallon to $2.71, and most price predictions are made on the basis of a 30-45 day lag in the retail price.

These price decreases always seem to appear at election time, but it is difficult to see how either party could make much political hay out of it because there are just too many other reasons for seasonal falling prices. First, we have a worldwide decrease in the per-barrel price of oil as the Saudis keep the taps open in anticipation of Iran attempting to interrupt crude supplies.

Then we have refineries completing their turnarounds to winter blended-fuels that are slightly less costly to produce because they use several less-expensive constituents than our typical summer-blends. More refineries are coming back onstream following these turnarounds and they are gearing up for a winter that promises to be cold and wet across most of the nation which will take pressure off of motor fuels and swing demand to more heating oil.

The bottom line is that we motorists stand to benefit from almost all of the behind-the-scenes activity by the oil companies this time of year. No, we won't see dollar-a-gallon gas ever again, but we may see prices below $3 before Christmas.

Now, if we could formulate and implement a REAL energy policy, maybe we could cut our dependence on imported oil and not be blackmailed by every petty dictator who is fortunate enough to sit on an oil well. Stabilizing energy costs would do a lot for repairing our economy.

http://www.usatoday.com/story/news/n...rices/1641935/
http://www.csmonitor.com/Environment...-begin-to-fall
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Old 10-20-12, 06:45 PM
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Im just paid $3.79 for 93 today. Just a few days ago i was paying 3.95
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Old 10-20-12, 07:28 PM
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As nuts as it might sound, 93 needs to be roughly $2.60-2.70 a gallon to be at its historical average with regular around $2.30.

I have the records for when my great grandmother used to fill her Packard up in the late 50s-early 60s... I seem to recall that premium was 33-35c/gallon back then. That's roughly $2.60 a gallon in today's money.
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Old 10-20-12, 08:08 PM
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Thats good to hear, gas prices in socal is still insane. Its jumping down quite quickly actually the i filled up the other day at $4.75 and today it was down to $4.65 for 91
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Old 10-20-12, 09:42 PM
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Just in time for elections.
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Old 10-20-12, 10:00 PM
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Sa-weet! So gas is *only* $4.70 for 93 now? lol
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Old 10-20-12, 10:37 PM
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The story in California is way different than what this post is about.

Two weeks ago prices jumped 50 cents in two days (!). It then took 3-4 days for stations to pump out the "expensive" gas and replace it with much cheaper-priced gas. But instead of retail prices falling back down 50 cents in those 3-4 days, prices have only gone down 10 cents in two weeks. Now, that is EXACTLY where we are being gouged. The drop in price never reflects the cheaper gas bought and always takes 4-5 times longer to go back down, if it even goes back down at all.

I firmly believe there are some very smart executives behind this. The pattern is clear: Raise a lot, lower a little. Raise a lot, lower a little. Raise a lot, lower a little. After several years of this, they have us in a bracket that is laughable. It's a sublte way of transforming how business is done and sneaky enough to not look obvious. Better yet for them, we have no say in it at all.

Coming up next, more rediculously insane record profits from the oil companies. This pattern has been taking place since 2007, but no one seems to care or do anything about it. Take advantage of people while the leaders who are sworn in to help protect our best interest look the other way.
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Old 10-20-12, 11:05 PM
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Originally Posted by Fizzboy7 View Post
The story in California is way different than what this post is about.

Two weeks ago prices jumped 50 cents in two days (!). It then took 3-4 days for stations to pump out the "expensive" gas and replace it with much cheaper-priced gas. But instead of retail prices falling back down 50 cents in those 3-4 days, prices have only gone down 10 cents in two weeks. Now, that is EXACTLY where we are being gouged. The drop in price never reflects the cheaper gas bought and always takes 4-5 times longer to go back down, if it even goes back down at all.

I firmly believe there are some very smart executives behind this. The pattern is clear: Raise a lot, lower a little. Raise a lot, lower a little. Raise a lot, lower a little. After several years of this, they have us in a bracket that is laughable. It's a sublte way of transforming how business is done and sneaky enough to not look obvious. Better yet for them, we have no say in it at all.

Coming up next, more rediculously insane record profits from the oil companies. This pattern has been taking place since 2007, but no one seems to care or do anything about it. Take advantage of people while the leaders who are sworn in to help protect our best interest look the other way.
at least in my area it dropped a lot. paid 4.59 today which was cheap compared to last week when it was 5.11
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Old 10-20-12, 11:14 PM
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hopefully it goes down quick
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Old 10-20-12, 11:22 PM
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Originally Posted by 600rr05 View Post
hopefully it goes down quick
rick i think its gonna stay around 4.50 range, dont think itll drop more than that.
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Old 10-21-12, 02:55 AM
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Buy in bulk, save some gas for a rainy day.
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Old 10-21-12, 03:33 AM
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Originally Posted by Dave600hL View Post
Buy in bulk, save some gas for a rainy day.
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Old 10-21-12, 07:02 AM
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Originally Posted by Dave600hL View Post
Buy in bulk, save some gas for a rainy day.
Lmfao!!!!!!!
 
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Old 10-21-12, 07:45 AM
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i paid $3.27 for plus (89) last night at Chervon, here in Houston! Got to rub it in...
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Old 10-21-12, 10:04 AM
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^^^ must be nice ....
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