Yippee! Gaosline is at or below$3.00.

Discussion in 'General Trading Discussion' started by Allison2021, Oct 31, 2014.

  1. Allison2021

    Allison2021 Well-Known Member

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    ;) Yippee!

    I just bought gas at the Shell station for $2.99 9/10 per gallon. I only wish it happened during the summer. Nonetheless, I plan on driving around this weekend. I want to drive to one of those huge outlet malls. I want to spend money.

    Do those prices indicate that we have less inflation?
    What will happen to COLA for social security?
     
  2. turt

    turt Guest

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    I kind of seems like this is well placed to fuel spending for the holiday season. Weren't the predictions pretty low earlier this year? This could change that and make the economy look a lot stronger than it would with high gas prices.
     
  3. Allison2021

    Allison2021 Well-Known Member

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    When will the US economy truly bloom?

    When will the US economy truly bloom?
    When will our unemployment rate reach 3.75%?
    When will Gold reach less than $600.00 per ounce?
    When will the US exchange rates improve? More importantly when will our exchange rate with the Euro finally become $1.00 US Dollar = the Euro at 0.99?
    When those goals are reached then I would consider absolute retirement, and collect my Social Security.
     
    Last edited: Nov 3, 2014
  4. downloads

    downloads Well-Known Member

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    Just remember that it will at some point go back up.

    I was reading an article saying that temporary low gas prices actually aren't good for the consumer in the long run. First off, there's the gas tax. State and federal governments bring in a lot of revenue from gas the gas tax. These funds are used for roads and other transportation infrastructure. Many governors have been saying that the gas tax is not sustainable, and the low gas prices are proving the point. So either transportation infrastructure will start to suffer, or they will raise taxes and seek funding elsewhere.

    Also, low gas prices influences auto consumers decisions. While it is true that cars are getting better and better when it comes to fuel economy, there are still some that are below the average. With the temporarily low price of gas it make the less fuel efficient vehicles more appealing. But when the gas prices come back up the consumer will still be stuck with the less efficient vehicle.

    Even though the gas price is low, airline fees have not been lowering. And I care more about that then what I pay for at the pump with my car.
     
  5. springbreeze

    springbreeze Well-Known Member

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    Hmmh... very interesting post you made. I have one question: why do you care more about the airline fees than gas prices? Do you fly more than you drive?
     
  6. jdroc

    jdroc Guest

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    Hard to gauge what it does to consumers. Anytime people can save and then spend it, I don't see how it can hurt U.S consumers. You have to understand that it's people that want to put their own slant on everything news related. The prince of oil himself made some BS announcement about how the low price of oil is going to hurt the global economy, but who would believe him?
     
  7. ormaybeso

    ormaybeso Well-Known Member

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    I've been wondering about this too. Here in Canada (Ontario) things have been changing. I don't drive, I usually bicycle, take the bus, walk, whatever. But I decided to take a look at the gas prices and I've noticed that they've gone far down. Before they were topping $1.40/L, but now I think it's gone down to around $1.04/L. It's quite odd, but as long as we're paying less it's nice.
     
  8. jdroc

    jdroc Guest

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    I've just read that Saudi actually want's the price lower. Why? This will effectively push Iran out and help Saudi dominate global markets even more. Also, they know it will undermine the Fracking Boom in the U.S if the price per barrel dips to 70. They can still make a profit all they way down to 40 per barrel. This makes sense to me. Some U.S companies are already laying off workers and stopping production on some of the shales.
     
  9. troutski

    troutski Guest

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    Gas prices don't really affect us as much as we'd like to think. I mean, I drive a Jeep that gets 17 to the gallon highway, and that's never stopped me from driving 12,000 to 15,000 miles per year without really changing my spending habits elsewhere. I'm not going to complain about cheaper gas, though. Even in San Diego, the prices are right around $3.20 right now.
     
  10. JR Ewing

    JR Ewing Super Moderator Staff Member

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    The Saudis are responsible for cheaper gas - not Obama. ;)
     

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