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Old September 2nd, 2008, 11:25 AM   #101
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as of 12:00 pm the cost was below $106.00
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Old September 4th, 2008, 05:42 AM   #102
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if it goes below 100 a barrel i am not gonna go to work.
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Old September 4th, 2008, 06:13 AM   #103
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The fuel in the ground(tanks) the store has purchased was bought at a fixed price, as the price for fuel to replace what is in the tanks goes up, so does the price charged. The store has to charge the price necessary to replace what it is selling or the tanks go dry with no money to refill them. As the price of fuel drops the store still has the expensive fuel in the ground they need to sell even though the replacement cost will be lower, when the replacement fuel is delivered the price will reflect that cost.
So when the price is going up the price we pay reflects what it's going to cost to fill the tanks next time, but when the price is dropping the price reflects what it costs for the gas already in the tank?
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Old September 4th, 2008, 11:03 AM   #104
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So when the price is going up the price we pay reflects what it's going to cost to fill the tanks next time, but when the price is dropping the price reflects what it costs for the gas already in the tank?
brewmenn I agree with you it makes no sense.

so the high price we paid to fill the tanks and the price drops when that expensive gas is in the tanks we pay for that gas twice?
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Old September 11th, 2008, 11:18 AM   #105
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http://www.bloomberg.com/markets/com...rgyprices.html

unda a benji
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Old September 11th, 2008, 11:58 AM   #106
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and yet still $3.89 at the pump this morning.
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Old September 11th, 2008, 12:02 PM   #107
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and yet still $3.89 at the pump this morning.
I just filled up for $3.59
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Old September 11th, 2008, 12:07 PM   #108
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I just filled up for $3.59
well I have been at work since 8:28 this morning. the price at the pump could have fluctuated $5 or $10 in that time.
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Old September 11th, 2008, 12:08 PM   #109
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I just filled up for $3.59
Shit, I just filled up yesterday for 3.85....
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Old September 11th, 2008, 12:14 PM   #110
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Damn, prices went up 25 cents and then down 25 cents, all in 48 hours.


But I still paid $3.69 yeaterday, while most went up to $3.89

Last edited by PeteC; September 11th, 2008 at 02:10 PM.
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Old September 11th, 2008, 01:20 PM   #111
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So when the price is going up the price we pay reflects what it's going to cost to fill the tanks next time, but when the price is dropping the price reflects what it costs for the gas already in the tank?
Yea, the price is going to come down slower than it goes up. If I was filling the tank(underground) I would be very careful about dropping the price too quickly. The pricing pressure of the market(stations around mine) would have a big affect on the rate of downward change.....( business)
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Old September 12th, 2008, 04:59 AM   #112
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i flowed 17 barrels off the backside of the a1 well in leota yesterday. at these prices it was hardly worth the effort.
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Old September 16th, 2008, 08:43 AM   #113
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$92.00!!!!!!

Boy the savings at the pump is great!
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Old September 16th, 2008, 08:55 AM   #114
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$92.00!!!!!!

Boy the savings at the pump is great!
x2

Diesel is cheaper than regular in many places.
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Old September 17th, 2008, 09:14 AM   #115
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$92.00!!!!!!

Boy the savings at the pump is great!
x3

oh yeah we are taking it up the ass like a date raped prom queen
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Old September 17th, 2008, 09:19 AM   #116
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$3.83 again here in auburn hills
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Old September 22nd, 2008, 02:18 PM   #117
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you've gotta be fucking kidding me

http://news.yahoo.com/s/ap/20080922/..._ge/oil_prices
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Old September 22nd, 2008, 02:20 PM   #118
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$25.00 jump is based on fear. fear doesn't hold out very long.

it will be back down.
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Old September 22nd, 2008, 02:20 PM   #119
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oh burn. looks like we will be getting new dirtbikes after all this year.
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Old September 22nd, 2008, 03:43 PM   #120
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your right its a bunch of horse shit, the man is trying to make a buck off a already broken economy...
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