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03-14-2022, 08:17 AM | #1336 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Crude presently at $101/barrel.
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Posts: 185,956
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03-14-2022, 08:57 AM | #1337 |
Stay down bitch!
Join Date: Jun 2001
Location: Plano, TX
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Posts: 9,310
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03-14-2022, 09:59 AM | #1338 |
Admitted Planet Junky
Join Date: Oct 2000
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Yeah, ok so what is your point? Those are not rebuilt or thrown away after every race like Nascar as he was comparing. Either way, those are still not dependent on for everyday driving as there is always another vehicle there to get you back home which brought all those cars to the tracks which run on the fuels that they were designed to use for long-term use and dependability.
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Posts: 19,376
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03-14-2022, 11:24 AM | #1339 |
Supporter
Join Date: Jan 2014
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$70 to fill up the Challenger this morning. That one sucked.
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Posts: 1,907
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03-14-2022, 11:30 AM | #1340 | |
'Tis my eye!
Join Date: Aug 2000
Location: Chiefsplanet
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Quote:
My neighbor was a sprint car owner/driver. He ran ethanol in his racers, he didn't in any of his other vehicles, for reasons that have already been explained. |
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Posts: 100,083
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03-14-2022, 01:12 PM | #1341 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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$4.05 for premium at Costco today. Drove right up to an empty pump and laughed at the 10 cards waiting because they didn't want to pull the hose to the other side of the car.
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Posts: 129,408
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03-14-2022, 02:58 PM | #1342 |
(Sir/Yes Sir/Aye Aye Sir)
Join Date: Oct 2009
Location: Diving
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Driving to eastern TN for my son's wedding might cost me more than a round trip flight to Bonaire! Dang!!!!!!!
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Posts: 118,395
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03-14-2022, 07:36 PM | #1343 |
Has a particular set of skills
Join Date: Dec 2003
Location: On the water
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Gas tumbled briefly below $100 today. It was $130 a barrel just a week ago, right? When gas prices went up a couple of $’s they raises the prices at the pump immediately. The price drops 20%-30% and no one is seeing a drop at the pumps.
Can someone who understands the market explain why the price of a barrel of oil goes up, the local gas station raises the prices despite that same gas has been in then tank for a long time. But when the barrel price drops, it doesn’t drop at the gas pump. Why? |
Posts: 79,888
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03-14-2022, 09:31 PM | #1344 |
The Maintenance Guy
Join Date: Sep 2005
Location: Renovated Bugeater Estate
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OOH! Donger will take that question, it's one of his favorites!
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Posts: 70,535
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03-14-2022, 10:09 PM | #1345 |
go to work wasted
Join Date: Jan 2020
Location: Boise
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gas prices are still ****ing going up, the rate at which has slowed down sure but it's still like 3-5 cents a day.
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Posts: 2,763
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03-14-2022, 10:52 PM | #1346 | |
In Search of a Life
Join Date: Mar 2006
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Quote:
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Posts: 22,274
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03-14-2022, 11:04 PM | #1347 | |
Veteran
Join Date: Nov 2016
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Quote:
Like when fuel went up after Katrina and airlines started charging higher rates and extra for baggage. Neither of which went down. The price goes up immediately because they need to buy gasoline to replace what is currently being sold at a higher price. Which I understand however, I have never heard a compelling reason why the opposite is not true. Other than they just can and do, do it... It's a fixed market with a constant demand, they can pretty much screw us as much as they want because there is no alternative. Asymmetric Price Adjustment. Because there is no competition, it doesn't behave like a normal consumer market. I found data that says it takes about 4 weeks for the price to go up fully and 8 weeks to come back down. Or for the same reason cable companies will entice new customers with all sorts of promotions yet will force existing customers to call and haggle to get a better deal. Last edited by crayzkirk; 03-14-2022 at 11:18 PM.. |
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Posts: 4,582
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03-15-2022, 08:27 AM | #1348 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Gasoline down to $4.31/gallon. Crude is trading at $94.01/barrel, down 8.4%
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Posts: 185,956
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03-15-2022, 08:29 AM | #1349 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Quote:
And the rapid rise in gasoline prices has stopped, at least for now. |
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Posts: 185,956
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03-15-2022, 08:31 AM | #1350 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 185,956
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