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Old 08-29-2008, 07:08 PM
 
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,248 posts, read 21,704,277 times
Reputation: 3587

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It just keeps falling everyday. I am trying to just gas up a few gallons at a time because I know it will be cheaper tomorrow! Wonder where all those $200 oil gloom and doomers are hiding now??

abc30.com: Gas Prices Fall 8/07/08
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Old 08-29-2008, 07:44 PM
 
Location: Windsor, Vero Beach, FL
897 posts, read 2,598,696 times
Reputation: 474
I am starting to have flashbacks of living in metro Atlanta post Katrina - gas prices soaring, long lines and many stations out of fuel. Don't know if it's Katrina anniversary talk or the impending Gustav. I'm starting to get a little nervous.
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Old 08-29-2008, 09:13 PM
 
Location: Oregon Coast
1,848 posts, read 6,308,135 times
Reputation: 1394
I'm just hoping a hurricane doesn't drive the prices up again. It's about 3.92 per gallon here right now. We tend to have high prices here for no good reason.
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Old 08-29-2008, 09:31 PM
 
3,853 posts, read 11,792,534 times
Reputation: 2521
Who cares. The oil market has its ups and downs. 150/bbl was over priced but it won't fall forever. Eventually demand will pick back up. I am already starting to see everyone driving their hummer again. In 5-10 years gasoline won't be lower than 5$/gallon at least.

I wouldn't go and buy an SUV. Stick to the cheap gas efficient cars unless you like burning through money then be my guest!
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Old 08-29-2008, 09:54 PM
 
Location: Great State of Texas
86,068 posts, read 73,993,545 times
Reputation: 27598
Gas is at $3.50 by me now..still waiting for $2.50. I'm not jumping for joy just yet.
Remember when everyone was all in a tizzy cause "gas might hit $3.00" ?
Well it almost hit $4 and has come back down ..now everyone is jumping for joy that it's ONLY $3.50/gal.
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Old 08-30-2008, 07:36 AM
 
2,197 posts, read 6,782,989 times
Reputation: 1687
I doubt it will ever go below $3 again. Big Oil will put a floor on it soon and pocket the profits. Americans have shown a willingness to pay in the $3s without significantly reducing demand, so we have helped set the market price. If demand had dropped and Americans had started selling their SUVs in droves, the scenario might play out differently.
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Old 08-30-2008, 09:11 AM
 
Location: America
6,987 posts, read 15,665,176 times
Reputation: 2072
Quote:
Originally Posted by KevK View Post
It just keeps falling everyday. I am trying to just gas up a few gallons at a time because I know it will be cheaper tomorrow! Wonder where all those $200 oil gloom and doomers are hiding now??

abc30.com: Gas Prices Fall 8/07/08
The problem with your constant analysis or lack their of is the following. You must mark trends not day to day or hour by hour Heck last week gas went up by 5 bucks, went down by six, went up again this week, then came down a bit. these fluctuations mean absolutly nothing. What is important is year over year. Not to mention it would be prudent to understan whats going on. Like the artificial stengthening of the dollar via CB interventions, slack in demand from China because of the Olympics and on and on. Look into the deeper reasons as to why this is all happening. Your time would be better served.
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Old 08-30-2008, 02:49 PM
 
1,640 posts, read 4,277,501 times
Reputation: 1003
It's cheaper than July but still about 30% more than last year...not doom and gloom, just the facts.

Last edited by Waterlily; 08-30-2008 at 06:46 PM.. Reason: no flames
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Old 08-30-2008, 03:24 PM
 
Location: America
6,987 posts, read 15,665,176 times
Reputation: 2072
Quote:
Originally Posted by truckingbronco View Post
It's cheaper than July but still about 30% more than last year...not doom and gloom, just the facts.
shush this thread isnt about facts and common sense!

Last edited by Waterlily; 08-30-2008 at 06:47 PM.. Reason: flame in quote
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Old 08-30-2008, 03:26 PM
 
Location: Great State of Texas
86,068 posts, read 73,993,545 times
Reputation: 27598
And now with Gustav heading our way..we'll watch gas go up and up.
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