GAS PRICES!

[philw]

Hey there,

I am fairly new to the forum but this is an area that I'm involved in daily. There are quite a few things that I am not at liberty to discuss in detail but I will say that in my experience gas prices seem to be more affected today by speculation and futures trading than actual supply and demand. It hasn't always been that way but such is the world we currently live in.

As for prices here they are currently hovering around 3.34 a gal.

Welcome to DRTV Mate



so   explain  why we get bent over soo much here in Australia   with BS happening over in the Middle East.

and why there can be a .25c price change over night grrr

[tombogan03884]

Hey there,

I am fairly new to the forum but this is an area that I'm involved in daily. There are quite a few things that I am not at liberty to discuss in detail but I will say that in my experience gas prices seem to be more affected today by speculation and futures trading than actual supply and demand. It hasn't always been that way but such is the world we currently live in.

As for prices here they are currently hovering around 3.34 a gal.

That is the same sort of false pricing that lead to the Great depression and every other "bubble" in history.
Investors think the prices can only keep rising, but eventually they get to a point where no one can afford to buy. then they drop below actual value, kind of like housing did not to long ago.

[Timothy]

Welcome to DRTV Mate

so   explain  why we get bent over soo much here in Australia   with BS happening over in the Middle East.

and why there can be a .25c price change over night grrr

Every stock exchange around the globe is tied to the NYSE in one way or another.  It's the same bunch of asshat traders making bundles off of the folks that can ill afford their shenanigans.

Speculation on commodities is one of the things that pisses me off about the exchanges.  It's not a tangible thing, it's purely based on what someone is willing to pay and we all suffer for it.

[PegLeg45]

diesel dropped from $3.77 at 1pm to $3.66 at 5pm
87 octane dropped from $3.37 to $ 3.29 in same time frame

I'll give y'all a good'un.....
The wife and I both had doctors appointments the other day and passed our local wally world on the way. Gas price was $3.45 at around 8:00 AM. After the appointments, around 11:30 we went back by on the way to Lowes and the price was $3.56. Left Lowes and went to lunch. On the way home after lunch at around 1:00 PM it had dropped to $3.49. That evening at around 7:00PM, our son said it was at $3.46.
That is normal on certain days of the week around here.

[twyacht]

Just for fun, and don't forget,  The New York Stock Exchange is going to be SOLD,.....to the Germans, for $9.53 Billion, what little news this is making.........

Deutschmarks anyone?    Part of the New World Order,....

Hey, but Mayor Bloomberg likes it.
http://www.reuters.com/article/2011/02/10/us-exchanges-bloomberg-idUSTRE71966820110210

(Reuters) - New York Mayor Michael Bloomberg said on Thursday he supports advanced talks that would place the iconic New York Stock Exchange into the hands of Germany's Deutsche Boerse AG.

http://blogs.forbes.com/stevedenning/2011/02/15/what-the-sale-of-nyse-means-the-decline-of-management/

The reality is that this is not a merger. The NYSE is being bought. If the sale goes through, the NYSE will no longer exist as an independent entity. Putting up regulatory road blocks might delay the denouement, but ultimately those efforts are pointless. Instead, business leaders should examine the root cause of what is happening: the declining life expectancy of US corporations.

Keep your stocks up folks...

[Sponsor]

[GasMan]

 I am in no way an expert on gas prices just one of the many thousands of people who work for an oil company. I do see and hear more than the average person but only because it is what I do day in and day out.  I can't speak for other areas of the country but I do know here the price change on gas happens only once per day. Some of the local business may delay or advance the time in which they post the fuel prices but I would be concerned if the price changed multiple times in a 12hr. period.

I can't explain prices in other countries there are to many variables that I am not familiar with.  The amount of import vs. domestic production, tax issues, pipeline infrasturcture, transportation cost and consumption rates are just a few of the variables that are different everywhere you go, there are many more.

( Phil,  thanks for the welcome. I'm glad to be here!)

[tombogan03884]

Just for fun, and don't forget,  The New York Stock Exchange is going to be SOLD,.....to the Germans, for $9.53 Billion, what little news this is making.........

Deutschmarks Euro's  anyone?    Part of the New World Order,....

Hey, but Mayor Bloomberg likes it.
http://www.reuters.com/article/2011/02/10/us-exchanges-bloomberg-idUSTRE71966820110210

(Reuters) - New York Mayor Michael Bloomberg said on Thursday he supports advanced talks that would place the iconic New York Stock Exchange into the hands of Germany's Deutsche Boerse AG.

http://blogs.forbes.com/stevedenning/2011/02/15/what-the-sale-of-nyse-means-the-decline-of-management/

The reality is that this is not a merger. The NYSE is being bought. If the sale goes through, the NYSE will no longer exist as an independent entity. Putting up regulatory road blocks might delay the denouement, but ultimately those efforts are pointless. Instead, business leaders should examine the root cause of what is happening: the declining life expectancy of US corporations.

Keep your stocks up folks...

[billt]

The Euro is in far worse danger of collapse than the dollar.   Bill T.

[billt]

I found this on another site.


SOME TIPS ON PUMPING GAS

Only buy or fill up your car or truck in the early morning when the ground temperature is still cold. Remember that all service stations have their storage tanks buried below ground. The colder the ground the more dense the gasoline, when it gets warmer gasoline expands, so buying in the afternoon or in the evening....your gallon is not exactly a gallon. In the petroleum business, the specific gravity and the temperature of the gasoline, diesel and jet fuel, ethanol and other petroleum products plays an important role.

A 1-degree rise in temperature is a big deal for this business. But the service stations do not have temperature compensation at the pumps.

When you're filling up do not squeeze the trigger of the nozzle to a fast mode If you look you will see that the trigger has three (3) stages: low, middle, and high. You should be pumping on low mode, thereby minimizing the vapors that are created while you are pumping. All hoses at the pump have a vapor return. If you are pumping on the fast rate, some of the liquid that goes to your tank becomes vapor. Those vapors are being sucked up and back into the underground storage tank so you're getting less worth for your money.

One of the most important tips is to fill up when your gas tank is HALF FULL. The reason for this is the more gas you have in your tank the less air occupying its empty space. Gasoline evaporates faster than you can imagine. Gasoline storage tanks have an internal floating roof. This roof serves as zero clearance between the gas and the atmosphere, so it minimizes the evaporation. Unlike service stations, every truck that is loaded is temperature compensated so that every gallon is actually the exact amount.

Another reminder, if there is a gasoline truck pumping into the storage tanks when you stop to buy gas, DO NOT fill up; most likely the gasoline is being stirred up as the gas is being delivered, and you might pick up some of the dirt that normally settles on the bottom."

[BAC]

I found this on another site.


SOME TIPS ON PUMPING GAS

Only buy or fill up your car or truck in the early morning when the ground temperature is still cold. Remember that all service stations have their storage tanks buried below ground. The colder the ground the more dense the gasoline, when it gets warmer gasoline expands, so buying in the afternoon or in the evening....your gallon is not exactly a gallon. In the petroleum business, the specific gravity and the temperature of the gasoline, diesel and jet fuel, ethanol and other petroleum products plays an important role.

A 1-degree rise in temperature is a big deal for this business. But the service stations do not have temperature compensation at the pumps.

When you're filling up do not squeeze the trigger of the nozzle to a fast mode If you look you will see that the trigger has three (3) stages: low, middle, and high. You should be pumping on low mode, thereby minimizing the vapors that are created while you are pumping. All hoses at the pump have a vapor return. If you are pumping on the fast rate, some of the liquid that goes to your tank becomes vapor. Those vapors are being sucked up and back into the underground storage tank so you're getting less worth for your money.

One of the most important tips is to fill up when your gas tank is HALF FULL. The reason for this is the more gas you have in your tank the less air occupying its empty space. Gasoline evaporates faster than you can imagine. Gasoline storage tanks have an internal floating roof. This roof serves as zero clearance between the gas and the atmosphere, so it minimizes the evaporation. Unlike service stations, every truck that is loaded is temperature compensated so that every gallon is actually the exact amount.

Another reminder, if there is a gasoline truck pumping into the storage tanks when you stop to buy gas, DO NOT fill up; most likely the gasoline is being stirred up as the gas is being delivered, and you might pick up some of the dirt that normally settles on the bottom."

That's good.  I'm borrowing it.