Gas Getting Lower And Lower And Lower... (buy, money, analysis)
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Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,655,470 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 $200 oil gloom and doomers are hiding now??
I am starting to have flashbacks of living in metro Atlanta post Katrina - gas prices soaring, long lines and many stations out of fuel. Don't know if it's Katrina anniversary talk or the impending Gustav. I'm starting to get a little nervous.
I'm just hoping a hurricane doesn't drive the prices up again. It's about 3.92 per gallon here right now. We tend to have high prices here for no good reason.
Who cares. The oil market has its ups and downs. 150/bbl was over priced but it won't fall forever. Eventually demand will pick back up. I am already starting to see everyone driving their hummer again. In 5-10 years gasoline won't be lower than 5$/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!
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.
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.
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??
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.
And now with Gustav heading our way..we'll watch gas go up and up.
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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.
