Gas Prices up 21 Cents in last two days.

[Al]

"Well you can say its technical analysis stuff" and certainly some of it is. But the fact is that for the most part its demand and supply. We saw that when gasoline spiked in august and Sept that it took $3.20 (broad average) gas prices to reduce demand by only 4% and that started bringing the price down. See when there is no reserve/cushion in supplies, a very small shortfall ( 2% can lead to a large price swing) -it is truly supply and demand at work.

You say that investigations brought the cost down. But the investigations were called at the peak of the price rise. And at this peak is where demand started to fall and so did the price. You can develop a hypothesis based on one what you see..but that doesn't make it right.

So again I ask: "Why have the Political Lapp Dogs who hate the free market and big corporations not been able to make ultimate political fodder out of this mess?? The answer is rather obvious to me.

 

[Kestas]

I don't buy the effect of investigations as having an effect on the price of gas. We've had "investigations" numerous times in the past -- all to no avail. Like Al said, it's just politicians rattling some cages to appease their constituents.

 

[Steve S]

I see a lot of brand new suvs on the road in the Redding California area.

 

[Al]

Quote: "It has alot to do with the investigations as I have explained in previous threads "
Investigations are just political fodder by the politicians for the masses..notice how they never come up with any oil company price gouging.
We'll just have to disagree here"

 

[Patman]

Our price here in Toronto is most definitely affected directly by the price of unleaded on the NYSE every day. If the closing price goes up 4 cents on Monday for instance, Tuesday morning the price at the pump goes up by 1 cent per liter. If the price goes down, our price at the pump goes down. Although sometimes they also add a little bit more of a "gouge factor" such as when a hurricane hits, or sometimes if there is a big jump (like 7 or 8 cents a gallon on the NYSE) they'll gouge us a little more.

As I've mentioned before though, Toronto's prices are unique in the fact that every morning the prices start out the same at 99% of our stations. For instance, this weekend our morning prices start out at 91.5 cents per liter. But as the day progresses, the prices drop (some areas drop more than others, luckily I live near a lot of stations which drop their price a lot) and the lowest price comes sometime around 8 or 9pm. Last night the price dropped down to 83.5 cents per liter in a lot of stations. So that is a difference of 26 cents a gallon just from one part of the day to another! Only idiots (or people who have their company pay for their gas) fill up in the morning around here.

 

[Amkeer]

Greed and fear rule the markets! You need to understand this before you will understand how price manipulation works especially in the futures market. When you introduce fear "panic selling" hits. You don't drop 80 cents a gallon in 2 months unless some fear is brought into the market. That fear is "investigations" and "profit taking".

People need to lose in order for the winners to win. The majority will lose. When the majority of the herd wants a peice of the action that trend is spent, game over! This can be seen in the stock market and we are now seeing it in real estate.

I am enjoying the $2 gas while its here.

 

[Al]

"I am enjoying the $2 gas while its here. "

That's about all any of can do

 

[jsharp]

We were down as low as $1.93 last week. Now we're back up to $2.09.

 

[Al]

You got a nickel to go

 

[Boaz]

1.94 Here at Costco Yesterday... however I had to buy premium for my truck at 2.10....