fedupMN
Champion Author
Twin Cities
Posts:2,944
Points:571,505
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Message Posted: Apr 15, 2012 3:02:56 PM
Key words here are...."for now"
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dave27johnson
Champion Author
Chicago
Posts:1,787
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Joined:Feb 2012
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Message Posted: Apr 15, 2012 12:29:17 PM
The trend will continue down.
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beetle9711
Veteran Author
Pittsburgh
Posts:321
Points:88,100
Joined:Mar 2011
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Message Posted: Apr 15, 2012 10:26:23 AM
That would be great...if it were to be true
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AriesMMD
Champion Author
Sacramento
Posts:1,481
Points:411,015
Joined:Dec 2011
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Message Posted: Apr 15, 2012 8:55:42 AM
Prices would have increased a bit without speculation
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JCI46009IN
Champion Author
Indiana
Posts:2,129
Points:439,570
Joined:Sep 2011
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Message Posted: Apr 15, 2012 8:53:13 AM
I would really hate it IF speculators were to lose their butts for once!!!!!!!
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Hoporrene
Veteran Author
Mississippi
Posts:312
Points:206,970
Joined:Dec 2011
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Message Posted: Apr 15, 2012 8:26:41 AM
That would be great...if it were to be true
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gawxnative
All-Star Author
Atlanta
Posts:510
Points:229,865
Joined:Aug 2006
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Message Posted: Apr 15, 2012 7:54:34 AM
You Think...Speculators take any excuse for price run ups
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bonbNJ
All-Star Author
New Jersey
Posts:979
Points:326,940
Joined:Apr 2011
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Message Posted: Apr 15, 2012 5:46:01 AM
I THINK SO
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benjy
Champion Author
Chicago
Posts:8,591
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Joined:Nov 2003
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Message Posted: Apr 15, 2012 3:22:12 AM
sounds good...
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DrCashFlow
Champion Author
Massachusetts
Posts:7,059
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Joined:Jun 2008
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Message Posted: Apr 15, 2012 2:54:04 AM
Next recession coming right up
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52MPG
Champion Author
Dayton
Posts:7,254
Points:1,740,670
Joined:Apr 2006
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Message Posted: Apr 15, 2012 2:06:58 AM
Wishful thinking.
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Caduceus26
Champion Author
Jacksonville
Posts:3,891
Points:760,660
Joined:May 2009
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Message Posted: Apr 15, 2012 12:31:39 AM
My bet is that they donz't (head lower, that is).
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335d1
Champion Author
Virginia
Posts:2,371
Points:757,845
Joined:Feb 2011
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Message Posted: Apr 14, 2012 10:47:26 AM
We can hope.
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SavingInNC
Champion Author
North Carolina
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Points:1,092,490
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Message Posted: Apr 14, 2012 9:12:31 AM
Good
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qwerty17
Champion Author
New Jersey
Posts:3,645
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Message Posted: Apr 14, 2012 8:48:43 AM
how about for spring?
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bigmoo63
Champion Author
Kalamazoo
Posts:1,275
Points:83,105
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Message Posted: Apr 14, 2012 8:05:22 AM
Dream on. Liberal piece. Must be sent by the White house.
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gandalfthegrey1
Champion Author
Houston
Posts:1,184
Points:384,785
Joined:Feb 2011
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Message Posted: Apr 14, 2012 5:16:56 AM
I agree w/ GT3186 - these people are smoking something.
Traders overreact??? How could that be? Iran negotiate to a resolution? Ya think? Prices fall? Perhaps a bit til May then we can forget falling prices until probably - never.
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jwalkerh
Champion Author
Louisiana
Posts:6,127
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Joined:Oct 2008
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Message Posted: Apr 14, 2012 2:40:08 AM
It sounds like wishful thinking to me...
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Vette1967
Champion Author
Albany
Posts:5,957
Points:1,274,050
Joined:Jun 2009
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Message Posted: Apr 14, 2012 12:45:12 AM
That would be nice. A couple stations jumped up $.15/gallon yesterday. I guess they're getting ready to drop their prices down a little by summer.
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CVA19
Champion Author
Salem
Posts:2,393
Points:608,700
Joined:Aug 2011
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Message Posted: Apr 14, 2012 12:25:58 AM
This would be a first. Historically, regardless of what else is going on, once gas prices rise in the spring, they stay elevated through the summer driving season.
The people at MSNBC are either brilliant prognosticators or they're smoking something; I'd guess the latter.
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esq262
Champion Author
Asheville
Posts:2,892
Points:647,140
Joined:Jul 2011
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Message Posted: Apr 13, 2012 11:28:13 PM
I will believe it when I see it.
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lesndave
Champion Author
Texas
Posts:3,032
Points:700,180
Joined:May 2011
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Message Posted: Apr 13, 2012 11:27:10 PM
Lower than what, exactly??
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PDQBlues
Champion Author
San Diego
Posts:7,064
Points:1,446,375
Joined:Jan 2009
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Message Posted: Apr 13, 2012 11:08:36 PM
"Gas prices could head lower for summer"
But then again, maybe not.
The easiest job in the world: writing predictions for future prices of commodities and stocks.
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gbs1
Champion Author
Minnesota
Posts:1,991
Points:740,650
Joined:Mar 2011
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Message Posted: Apr 13, 2012 10:39:39 PM
Great news
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amerk73
Champion Author
Dallas
Posts:7,045
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Joined:Oct 2008
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Message Posted: Apr 13, 2012 9:59:39 PM
when i hope this year not next
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TomT2Lee
Champion Author
Cincinnati
Posts:5,352
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Joined:Sep 2005
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Message Posted: Apr 13, 2012 9:35:44 PM
and maybe the US federal government and federal reserve will close down for good.
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BUSMAN1105
Champion Author
Atlanta
Posts:2,152
Points:1,169,070
Joined:Aug 2008
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Message Posted: Apr 13, 2012 8:49:02 PM
THAT IS GOOD NEWS.
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alterman156
Champion Author
New York
Posts:7,480
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Joined:Dec 2008
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Message Posted: Apr 13, 2012 8:42:12 PM
That is possible provided that the price of oil stabilizes.
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Cashless
Champion Author
Akron
Posts:3,510
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Message Posted: Apr 13, 2012 8:08:42 PM
O.K. Can't wait.
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jjjleblanc
Champion Author
Rochester
Posts:5,867
Points:1,517,355
Joined:Jun 2008
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Message Posted: Apr 13, 2012 8:04:48 PM
That would be great.
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Jeff1944
Champion Author
South Dakota
Posts:4,227
Points:1,072,755
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Message Posted: Apr 13, 2012 7:27:10 PM
It would be nice to have lower prices and sane forecasting without a lot of political BS.
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Van_Halen
Champion Author
Atlanta
Posts:2,844
Points:640,255
Joined:Apr 2011
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Message Posted: Apr 13, 2012 6:38:11 PM
.
We have prove positive that they are ALL on Crack over at MSLSD! With a major refinery shutting down and summer coming, gas is only going to do one thing: GO HIGHER!
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PathfinderSC
Champion Author
South Carolina
Posts:9,511
Points:1,829,665
Joined:Mar 2008
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Message Posted: Apr 13, 2012 5:06:37 PM
Needs to drop below $3.00
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BBopp
Champion Author
Dayton
Posts:6,829
Points:1,936,505
Joined:Dec 2006
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Message Posted: Apr 13, 2012 4:56:12 PM
Lower than what? We were at relatively lower prices this morning. This afternoon the price per gallon increased 29 cents.
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dgerst
Champion Author
South Carolina
Posts:2,702
Points:555,050
Joined:Aug 2008
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Message Posted: Apr 13, 2012 4:51:12 PM
Yea! We could use some relief
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fowlcan
Champion Author
Oklahoma City
Posts:2,105
Points:682,640
Joined:Feb 2011
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Message Posted: Apr 13, 2012 4:30:42 PM
Speculation. Take two doses of reality and watch what you here.
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HedgeCat
Rookie Author
Virginia Beach
Posts:30
Points:21,595
Joined:Mar 2012
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Message Posted: Apr 13, 2012 4:24:18 PM
The gas will get lower and lower as we get closer and closer to the Election!
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dh0770
Champion Author
Colorado
Posts:6,987
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Joined:Jun 2011
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Message Posted: Apr 13, 2012 4:14:02 PM
MSNBC putting that political spin on for the liberals!
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bwatchingu
Champion Author
Arkansas
Posts:1,735
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Joined:Jan 2009
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Message Posted: Apr 13, 2012 4:08:57 PM
Maybe right before the election for reelection reasons.
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Rockyguitar
Champion Author
Tampa
Posts:2,557
Points:1,201,595
Joined:Sep 2008
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Message Posted: Apr 13, 2012 3:33:27 PM
Last January I posted something to this effect. Somehow in late summer or early fall gas prices will come down. THANK YOU, Obummer! O, is there an election nearing?
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doggod
Champion Author
Anchorage
Posts:2,838
Points:739,410
Joined:May 2009
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Message Posted: Apr 13, 2012 3:01:37 PM
Let's see, last week gas was gonna go through the roof this summer. This week it's going in the toilet. Wow, hard to keep up with these guys!
Oh wait, I get it. No matter what happens, they'll be able to refer back to their article predicting it. If you predict everything, you'll always be right. Thus sayeth the con-man.
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hubie24
Veteran Author
Michigan
Posts:315
Points:204,080
Joined:Jul 2010
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Message Posted: Apr 13, 2012 2:44:21 PM
I still see $5 a gallon soon. They wont back off and never will because of greed.
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truvoice1
Champion Author
San Diego
Posts:1,278
Points:472,615
Joined:Feb 2011
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Message Posted: Apr 13, 2012 2:42:05 PM
Wouldn't it be nice to see prices UNDER $4.00 per gallon!!?? How much lower will it go? If Obama has his way, not much!
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sdslim
Champion Author
Florida
Posts:1,883
Points:1,709,075
Joined:Feb 2007
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Message Posted: Apr 13, 2012 2:30:34 PM
Until Iran acts up or the next hurricane.
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lcleveland
Champion Author
San Antonio
Posts:2,656
Points:650,075
Joined:May 2011
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Message Posted: Apr 13, 2012 2:29:15 PM
we can only hope so
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36_ACRES_4_SALE
All-Star Author
Appleton
Posts:999
Points:338,815
Joined:Oct 2011
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Message Posted: Apr 13, 2012 2:28:26 PM
:0
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des7902
Veteran Author
Virginia
Posts:385
Points:212,240
Joined:May 2011
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Message Posted: Apr 13, 2012 2:26:55 PM
Speculators overreact? I can't believe that would ever happen.
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eomc17
Champion Author
Tucson
Posts:1,822
Points:134,145
Joined:Mar 2007
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Message Posted: Apr 13, 2012 2:00:23 PM
Those bandit speculators pushed up RBOB gasoline prices a whopping 11 cents in two days after they fell 17 during the past week. These reckless speculators and big oil will do the same billshut they did last year, blame Iran and Ronald McDonald for keeping our gas prices sky high. CFTC boss Gensler has not interest in regulating speculators although he was supposed to 15 months ago. When Obama and energy minister have no real interest in controlling speculation or the annually rising prices of oil and gas, then it is time forr a change in Washington.
Four more years of Obama will give us European gas prices, increased poverty, higher unemployment, and more bankruptcies. I am a lifelong democrat but will not be voting for Obama this time. He lies and tells half-truths everytime he opens his mouth. Always blames others when something doesn't go his way and he spends our money like there's no tomorrow.
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clpassenubye
Champion Author
Los Angeles
Posts:3,359
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Joined:Mar 2011
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Message Posted: Apr 13, 2012 1:54:49 PM
I really hope so
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orphancarguyPE
Champion Author
PEI
Posts:3,842
Points:733,995
Joined:Jan 2011
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Message Posted: Apr 13, 2012 1:52:49 PM
There might be sighs of relief, but the demand and supply crisis is still lurking, put off by recessions, advanced by ill-considered embargos, but it is there waiting to hit us, sometime very soon
Back about 1980, OPEC had about a 25% excess supply--they could have increased world supply by a quarter by turning on the taps a bit further. 2012, a lot of the OPEC (and non-OPEC too) oil exporters have seen a decline in production, mild to severe, and now the spare world capacity is down to ONE country, Saudi Arabia, and they 'might' have 1 to 1.5 million bpd spare, if needed in an emergency, capacity. That is less than 2% possible spare out of 88 million bpd used world wide. That figure is including the 1.6-ish million bpd that Libya now has back on line, but the great question is where the make up oil for Iran's 3.5-4+ million bpd--if the embargo is successful--is going to come from. There will be a shortage. In any case, as soon as ANY exporter experiences a field collapse on the scale that happened during 1993-1994 with Great Britain's North Sea oilfield, there will be real, not politically caused, shortages that NO-ONE will be able to bridge.
When an oilfield collapses due to water infiltration or a sudden loss of pressure/gas dome forming, the end is swift. Weeks or months or a year or so, not decades. After the collapse, there might be residual production for many years, but at vastly reduced level of perhaps 5 to 10% of former times (as in the UK's North Sea "Brent" field--look at the United Kingdom.)
http://www.indexmundi.com/energy.aspx?country=gb&product=oil&graph=production+consumption
If you foolishly overproduce a field (definitely the Russians at the end of the Soviet era, likely the British, and perhaps in recent times the Saudis, for short periods), the collapse may come much sooner. You never get all the oil out in any case, and extraction rate ranges from a low of about 10% to just over 80% for perfect formations (which are rare). After that, there is oil left, but it takes MORE than a barrel of oil in energy effort to get a barrel of oil out. Math and physics trump wishful thinking.
Just one field in Saudi Arabia (Ghawar) produces 6.25% of all the world's oil, at 5,000,000 barrels per day, and it has been in operation for over 60 years. If that one field alone goes, then 'peak oil' has definitely come for the entire world.
So, if the price goes down a bit this summer, wise money would be taking the opportunity to be paying off bills, not spending more.
The last time there was an actual shortage for a very short time, due to several different things happening at once in different places, was a few decades ago in the 80s. It was about 5%, and only for a limited time (months) but crude oil still spiked 50%, on a 5% shortage.
And don't buy a guzzler of any sort, car or truck. If you do, it will make a lovely greenhouse garden on tires when fuel suddenly hits $6, $7 or $8
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