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Thread: Gas prices
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Re: Gas prices
That is simply not true, the price of commodities went up in almost all areas. The production of oil was down 8 % in 2020.
When you increase the money supply and produce less goods and services, the price will go up for the goods and services. Basic economics. Nothing to do with business men profiting. The businesses have to out their prices up to stay solvent.
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Re: Gas prices
Sorry Lax I misread your post, I thought you said the price of commodities went down for some reason.
However, oil production was down 8 % in 2020, so overall the production of oil is still lower than it was this time last year
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03-29-2021, 10:43 AM #99
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03-29-2021, 03:20 PM #100
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03-29-2021, 03:25 PM #101
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03-29-2021, 04:42 PM #102
Re: Gas prices
Dude. I posted how the pump prices works.
Gas stations pay a “today” price for gas. If it’s higher than yesterday they bump the prices up immediately as they make very little per gallon anyway. But when the price drops ..they are slow to lower prices since now they’re making more per gallon without doing anything extra. Most places keep the price up until the competition lowers theirs beyond where they can still sell. I’m not an economist it this makes perfect sense to me. If I can buy lower but still sell at the higher price ...why would t I?
Barrel prices will fluctuate based on futures. Kinda like how gas always goes up every May heading into the Summer driving season. Then it magically lowers before fall ...usually after Home Heating prices are locked in.
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03-29-2021, 06:02 PM #103Veteran Poster
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03-29-2021, 06:18 PM #104
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03-31-2021, 09:17 AM #105Legendary RSR Poster
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05-10-2021, 05:10 PM #106
Re: Gas prices
Hmmmmm.....wonder how the price of gas is doing? Nationally the avg price is 3.02 a gallon. Never went over 3.00 with Trump just saying....... took only a little over 3 months with Dementia Joe. I wouldn't worry tho we'll have govt operated charging stations and some govt run high speed rail real soon when we get oh I don't know maybeeeee 6 tril. Until then delivery specialists getting stuff to the stores or your home will just have to shoulder the burden a little more. No biggie.
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Re: Gas prices
Ransomware attack on Colonial Pipeline is going to have impact on the gas prices.
Disclaimer: The content posted is of my own opinion.
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05-10-2021, 05:27 PM #108
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