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Author	Topic: Thanksgiving retail sales hit record, crude prices rev up...	Post a Reply Back to Topics

PD Moderator	Message Posted: Nov 28, 2011 11:35:38 AM Ignore PD Report Abuse Lower gasoline prices were nice... while they lasted. Preliminary Black Friday sales results came in today, and they showed that sales were among the highest ever recorded. What do record retail sales mean? People are out spending, and the economy is in decent condition. Unfortunately, that also means that people are out driving to shop, and with the sign that people are spending, it'll likely mean more vacations and more travel in general, which all results in higher oil demand. It's no myth- with a healthy economy, we use more petroleum, thus boosting the price (the U.S. isn't the only country in the world that uses oil, and when our economy is healthy, it helps economies around the world that also start using more petroleum)... Visit GasBuddy Blog for full article

Moderator

Message Posted: Nov 28, 2011 11:35:38 AM

Ignore PD Report Abuse

Lower gasoline prices were nice... while they lasted. Preliminary Black Friday sales results came in today, and they showed that sales were among the highest ever recorded. What do record retail sales mean? People are out spending, and the economy is in decent condition. Unfortunately, that also means that people are out driving to shop, and with the sign that people are spending, it'll likely mean more vacations and more travel in general, which all results in *higher oil demand*.

It's no myth- with a healthy economy, we use more petroleum, thus boosting the price (the U.S. isn't the only country in the world that uses oil, and when our economy is healthy, it helps economies around the world that also start using more petroleum)...

Visit GasBuddy Blog for full article

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jmp1970 Rookie Author Atlanta Posts:30 Points:48,370 Joined:Oct 2011	Message Posted: Nov 29, 2011 4:18:14 PM Ignore jmp1970 Report Abuse surprised... No not really it's just another non reason to raise them..
judgemobile Champion Author Ohio Posts:7,555 Points:2,442,210 Joined:Nov 2005	Message Posted: Nov 29, 2011 12:39:07 AM Ignore judgemobile Report Abuse most people already shot their whole wads in trying to get Black Friday bargains. Now let's see how the first weekend went, and then the new November unemployment rate nationally on Friday, Dec 2. FDR set Thanksgiving as the THIRD Thursday in November to extend the holiday shopping season. O'Bummer would never have any ORIGINAL thoughts like that. It was not on his tele-prompter.
kitty1750 Champion Author Kitchener-Waterloo Posts:2,199 Points:470,675 Joined:Jun 2011	Message Posted: Nov 29, 2011 12:35:40 AM Ignore kitty1750 Report Abuse They're always happy to have another reason to raise prices.
Point__man Champion Author Raleigh Posts:4,320 Points:874,770 Joined:Oct 2010	Message Posted: Nov 29, 2011 12:30:37 AM Ignore Point__man Report Abuse I think the indicators are overlooking this recession. People are buying during the sales because they can't afford to buy the rest of the year anymore. The market should pickup on this and correct itself sooner than later ;)
LSU_TIGERS_dmb Champion Author Louisiana Posts:1,714 Points:618,045 Joined:May 2011	Message Posted: Nov 29, 2011 12:30:32 AM Ignore LSU_TIGERS_dmb Report Abuse What else I new
unicornpmb Champion Author Buffalo Posts:8,476 Points:1,626,590 Joined:Sep 2005	Message Posted: Nov 29, 2011 12:30:16 AM Ignore unicornpmb Report Abuse Take from the poor so the rich can be richer.
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,855 Joined:Jun 2005	Message Posted: Nov 29, 2011 12:29:58 AM Ignore jkpsr Report Abuse not in NJ, The prices have gone below $3 throughout the state.
BobD2009 Champion Author Long Island Posts:6,974 Points:1,236,860 Joined:Apr 2009	Message Posted: Nov 29, 2011 12:29:54 AM Ignore BobD2009 Report Abuse When do we get a gasoline Black Friday?
TheeRedRam Champion Author Hartford Posts:3,148 Points:669,710 Joined:Jun 2011	Message Posted: Nov 29, 2011 12:29:20 AM Ignore TheeRedRam Report Abuse Lets see how long this lastes.
alterman156 Champion Author New York Posts:7,470 Points:1,554,600 Joined:Dec 2008	Message Posted: Nov 29, 2011 12:28:27 AM Ignore alterman156 Report Abuse Something is strange here. Why should record sales mean higher oil prices. Is big oil trying to milk consumers for all they can?
ItsMorph Champion Author Grand Rapids Posts:33,410 Points:3,182,380 Joined:Mar 2004	Message Posted: Nov 29, 2011 12:28:21 AM Ignore ItsMorph Report Abuse I don't believe for a second that the economy is in decent condition.
pse91 All-Star Author Calgary Posts:640 Points:557,625 Joined:May 2011	Message Posted: Nov 29, 2011 12:28:18 AM Ignore pse91 Report Abuse Finally a reason to raise gas prices. At least they have the way to shut down a fragile economy.
rxman1 Champion Author Toledo Posts:9,529 Points:1,858,970 Joined:Nov 2007	Message Posted: Nov 29, 2011 12:27:56 AM Ignore rxman1 Report Abuse Good news for the economy but not good for gas prices.
Homerclub Champion Author Idaho Posts:8,667 Points:1,193,925 Joined:Apr 2009	Message Posted: Nov 29, 2011 12:27:09 AM Ignore Homerclub Report Abuse something is not right, high unemployment, recession double or maybe triple dip, high gas prices, high oil prices, high food prices. even high inflation., and record foreclosures. But people can shop alot on black friday to cause oil prices to go higher. [Edited by: Homerclub at 11/29/2011 12:28:29 AM EST]
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,980 Joined:Mar 2006	Message Posted: Nov 29, 2011 12:24:26 AM Ignore Dodge_Me Report Abuse Just wonderful, another reason to raise gas prices, will it ever go down and stay down
bginsj Champion Author San Jose Posts:1,853 Points:1,231,910 Joined:May 2009	Message Posted: Nov 29, 2011 12:24:02 AM Ignore bginsj Report Abuse if they continue to go down we can spend more in stores and not at the PUMP!
Akili All-Star Author Toronto Posts:818 Points:156,155 Joined:Jul 2011	Message Posted: Nov 29, 2011 12:23:39 AM Ignore Akili Report Abuse Good news for the economy
joel27nc Champion Author Raleigh Posts:10,522 Points:1,855,445 Joined:Mar 2008	Message Posted: Nov 29, 2011 12:23:08 AM Ignore joel27nc Report Abuse Regulate the damn prices! They should be much lower!
Zonk Champion Author Michigan Posts:6,466 Points:2,099,840 Joined:Oct 2005	Message Posted: Nov 29, 2011 12:22:13 AM Ignore Zonk Report Abuse Watch spending now. Pump prices increased $0.24/gallon in south central Michigan today, Nov. 28, 2011.
carpenter4u Champion Author Virginia Posts:2,436 Points:614,145 Joined:Jul 2011	Message Posted: Nov 29, 2011 12:20:44 AM Ignore carpenter4u Report Abuse What country are you living in. The economy is terrible. Just wait to see how the rest of the year ends up. High discounts (low profits) fueled the sales. The rest of the season will be marginal
Ticoman54 Champion Author Miami Posts:7,031 Points:1,489,095 Joined:Oct 2008	Message Posted: Nov 29, 2011 12:16:56 AM Ignore Ticoman54 Report Abuse Either all these people are gainfully employed and just received major pay increases or they are spending more than they earn. I would prefer to believe the latter, especially in this economy.
Gay_Blade Champion Author San Jose Posts:1,037 Points:359,725 Joined:Oct 2011	Message Posted: Nov 29, 2011 12:16:09 AM Ignore Gay_Blade Report Abuse with the "economy" not getting any better, probably will see larger OWS crowds next spring with the blooms.
Bigwaynef Champion Author South Carolina Posts:11,451 Points:2,077,835 Joined:Dec 2006	Message Posted: Nov 29, 2011 12:15:48 AM Ignore Bigwaynef Report Abuse OK X-mas is coming gas prices need to go w-a-y-down by x-mas...
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Nov 29, 2011 12:14:56 AM Ignore tedjm1 Report Abuse I do not see the economy getting much better in my neighborhood. Has been the same, stagnant with less jobs or only very low pay jobs, for a cuople of years.
LoneGuy Champion Author Lansing Posts:8,465 Points:2,315,070 Joined:Aug 2005	Message Posted: Nov 29, 2011 12:14:25 AM Ignore LoneGuy Report Abuse I read where folks had only and average of .1% increase in incomes but were spending .4 percent more. It sound like the way government spends more than they earn. We all see what a deal that results in. Not a way to manage government spending either.
Wierbe Champion Author Cincinnati Posts:3,737 Points:1,116,190 Joined:Apr 2006	Message Posted: Nov 29, 2011 12:13:21 AM Ignore Wierbe Report Abuse "and the economy is in decent condition"? Are you kidding? Have you seen my checkbook and savings account?
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Nov 29, 2011 12:10:02 AM Ignore Blue_Cruzer Report Abuse Only time will tell if all these predictions of the economy improving.
biza4u Champion Author New Haven Posts:8,508 Points:1,624,975 Joined:Jan 2007	Message Posted: Nov 29, 2011 12:09:28 AM Ignore biza4u Report Abuse Good news for retailers
cheapertvs Champion Author Richmond Posts:10,269 Points:2,738,795 Joined:Jan 2004	Message Posted: Nov 29, 2011 12:08:35 AM Ignore cheapertvs Report Abuse We need to quickly move to domestic natural gas as our primary fuel and aggressively move away from our foreign crude oil addiction. Screw BIG OIL, The Republicans, Hugo Chavez and Abdul!
thuathienhue Champion Author Michigan Posts:3,438 Points:630,540 Joined:Jul 2011	Message Posted: Nov 29, 2011 12:07:28 AM Ignore thuathienhue Report Abuse North America needs all the good news it can. Remember to vote in the next election before it is to late, and hope it is not to late.
Yankee829 Champion Author Dallas Posts:2,191 Points:556,565 Joined:Sep 2010	Message Posted: Nov 29, 2011 12:05:56 AM Ignore Yankee829 Report Abuse Ok...
MadDogUSMC Champion Author Jacksonville Posts:20,280 Points:2,868,765 Joined:Apr 2005	Message Posted: Nov 29, 2011 12:05:29 AM Ignore MadDogUSMC Report Abuse That's odd....I just dropped over $300 on my daughter's Christmas and I haven't left this computer! I'm letting the US Postal Service do my delivering for me!
jim27106 All-Star Author North Carolina Posts:770 Points:779,610 Joined:Feb 2009	Message Posted: Nov 29, 2011 12:02:38 AM Ignore jim27106 Report Abuse Hopefully the Saudi's will keep the price about the same. (Increased supply to meet increased demand will keep the price the same.) It would be nice if the Saudi Prices could figure out that a healthy economy benefits us all.
tampacrvdriver Champion Author Tampa Posts:3,341 Points:709,510 Joined:May 2011	Message Posted: Nov 29, 2011 12:02:01 AM Ignore tampacrvdriver Report Abuse Interesting read
915Chief Champion Author San Antonio Posts:6,091 Points:1,226,295 Joined:Aug 2008	Message Posted: Nov 28, 2011 11:58:31 PM Ignore 915Chief Report Abuse IF the economy is so healthy then why are so many people out of a job?
g747 Champion Author Mobile Posts:4,521 Points:929,670 Joined:Jul 2009	Message Posted: Nov 28, 2011 11:57:47 PM Ignore g747 Report Abuse Thanks for the Report.
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Nov 28, 2011 11:56:19 PM Ignore zeddieiv Report Abuse oh my
Johnnyrebell12 Champion Author Massachusetts Posts:1,333 Points:1,421,475 Joined:Aug 2005	Message Posted: Nov 28, 2011 11:52:08 PM Ignore Johnnyrebell12 Report Abuse Yeah I expect gasoline will be going up on account that both black Friday and cybur Monday take were better than last year so people will be going out more and spending more and when that happens prices go up
mstearno Champion Author Dayton Posts:8,048 Points:1,728,210 Joined:Jan 2008	Message Posted: Nov 28, 2011 11:50:00 PM Ignore mstearno Report Abuse 35 CENT INCREASE IN ONE AFTERNOON STINKS
bif65 Champion Author Virginia Posts:1,023 Points:195,105 Joined:Jan 2011	Message Posted: Nov 28, 2011 11:49:52 PM Ignore bif65 Report Abuse ok
mcmonsta Champion Author Honolulu Posts:3,212 Points:815,520 Joined:Sep 2009	Message Posted: Nov 28, 2011 11:47:52 PM Ignore mcmonsta Report Abuse a little shopping to get a sort of satisfaction...you won't get at the fuel pump
30mpg80 Champion Author Lexington Posts:10,003 Points:1,484,930 Joined:Nov 2008	Message Posted: Nov 28, 2011 11:45:45 PM Ignore 30mpg80 Report Abuse Hey PD, why no warning today that Speedway would raise prices in the Midwest?
Dragnet Champion Author Arizona Posts:15,390 Points:2,905,735 Joined:Jul 2004	Message Posted: Nov 28, 2011 11:45:34 PM Ignore Dragnet Report Abuse This is a messed up analogy
Ahking Champion Author Orange County Posts:3,492 Points:600,445 Joined:May 2011	Message Posted: Nov 28, 2011 11:45:15 PM Ignore Ahking Report Abuse higher gas price so less money for shopping? not cool.
86agent Champion Author Florida Posts:2,454 Points:592,760 Joined:Jul 2011	Message Posted: Nov 28, 2011 11:43:31 PM Ignore 86agent Report Abuse OK .....
truckpdlr Champion Author Tucson Posts:2,940 Points:1,093,290 Joined:Sep 2009	Message Posted: Nov 28, 2011 11:36:32 PM Ignore truckpdlr Report Abuse Great for the stock market,crude will balance out
goodbuy Champion Author Michigan Posts:7,653 Points:1,419,555 Joined:May 2005	Message Posted: Nov 28, 2011 11:29:10 PM Ignore goodbuy Report Abuse Really cannot count a holiday. More people travel then.
drobbbb Champion Author Maryland Posts:3,460 Points:809,210 Joined:Dec 2010	Message Posted: Nov 28, 2011 11:28:42 PM Ignore drobbbb Report Abuse ok
ccrb Champion Author Indianapolis Posts:9,089 Points:1,941,545 Joined:Aug 2003	Message Posted: Nov 28, 2011 11:27:02 PM Ignore ccrb Report Abuse this is not news.
kcboy Champion Author Utah Posts:3,958 Points:1,505,100 Joined:Jun 2005	Message Posted: Nov 28, 2011 11:26:21 PM Ignore kcboy Report Abuse It continue to fall 2 to 3 cent every couple days. 2 to 10 cent drop today.