U.S. gas prices 'crash'

yea I'm still waiting.... for 2 years.

comical.
 
Jiro said:
yea I'm still waiting.... for 2 years.

comical.
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Yup, in Alaska, some gas stations are over $5 per gal due to expensive shipping of gasoline.
 
Gasoline prices have not gone up that high because those businesses like Shell, Mobil, Chevron, etc may be afraid that they would lose business with us if they charge us too high, it could turn us into buying hybrid or electric cars, IMO.
 
CrazyPaul said:
Gasoline prices have not gone up that high because those businesses like Shell, Mobil, Chevron, etc may be afraid that they would lose business with us if they charge us too high, it could turn us into buying hybrid or electric cars, IMO.
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That's not true, the gas price is mostly tied to oil price.
Crude Oil Price, Oil, Energy, Petroleum, Oil Price, WTI & Brent Oil, Oil Price Charts and Oil Price Forecast

If oil price is less so gas price goes down, if oil price is more so gas price goes up.
 
Excuse me if I don't die right here from sheer joy, has it escaped anyone that gas prices have not fallen below $3.00 a gallon and that people are still paying over $40 a week for gas?
 
Foxrac said:
That's not true, the gas price is mostly tied to oil price.
Crude Oil Price, Oil, Energy, Petroleum, Oil Price, WTI & Brent Oil, Oil Price Charts and Oil Price Forecast

If oil price is less so gas price goes down, if oil price is more so gas price goes up.
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My point is that if gas price goes higher and higher, more people will buy hybrid or electric cars. That means gas stations could go out of business. In the future, I believe that there will be charging stations everywhere.

Tesla Motors | Premium Electric Vehicles
 
VacationGuy234 said:
Excuse me if I don't die right here from sheer joy, has it escaped anyone that gas prices have not fallen below $3.00 a gallon and that people are still paying over $40 a week for gas?
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Lol, yeah I don't see $3 gas as much to get excited about either. And although it is good for some consumers, gas prices falling right now is actually a bad sign.
 
CrazyPaul said:
My point is that if gas price goes higher and higher, more people will buy hybrid or electric cars. That means gas stations could go out of business. In the future, I believe that there will be charging stations everywhere.

Tesla Motors | Premium Electric Vehicles
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In bold - extremely doubtful because hybrid cars still need portion of gas to running, also there are many businesses still fill the gas, despite about change in the price, so they pass the cost on customers. There are many gas stations with diesel, so a lot of self-employed fill the diesel for trip while on career.

It doesn't change my plan if gas price goes up because I can't afford to buy hybrid car and I still have to spend my money on gas for trip to school.
 
TXgolfer said:
Lol, yeah I don't see $3 gas as much to get excited about either. And although it is good for some consumers, gas prices falling right now is actually a bad sign.
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how so?
 
TXgolfer said:
Lol, yeah I don't see $3 gas as much to get excited about either. And although it is good for some consumers, gas prices falling right now is actually a bad sign.
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Why are gas price falling is bad sign?
 
does anybody know how would gas prices falling right now is actually a bad sign? is it such a ludicrous claim?
 
It means ExxonMobil will drop from the top spot of biggest profits. Sounds like someone threw a red herring into the thread.
 
If I learned anything from economics, supply and demand drive gasoline costs. They ought to add speculation, being spooked by world events change it too!
 
Foxrac said:
Why are gas price falling is bad sign?
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Because it's a good sign the stock market isn't doing well. how many times have you seen or read people crying about how gas was 1.8something the day Obama took office. Which is just moronic in the first place because it's not like that was the price of gas even a month before that. It was that low because of global stock market crashes and the price of oil per barrel plummeting. Not exactly "good times".
 
ambrosia said:
Because it's a good sign the stock market isn't doing well. how many times have you seen or read people crying about how gas was 1.8something the day Obama took office. Which is just moronic in the first place because it's not like that was the price of gas even a month before that. It was that low because of global stock market crashes and the price of oil per barrel plummeting. Not exactly "good times".
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Do investors want oil price goes up?
 
Jess said:
Buy low, sell high just til it barely hurts. That's capitalism for ya!
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but we have price gorging law that would prevent such case in gas sales.
 
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