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Old 05-05-2011, 02:00 PM
 
Location: Tri-State Area
2,942 posts, read 6,012,945 times
Reputation: 1839

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Okay, where's Walter? Can't wait to hear that OIL has come down more than 10% in one day because the collective prices of refined product, gasoline, heating oil/diesel have fallen through the floor.

Good news everyone, the speculators are being taken out to the woodshed and given a thorough beating. I would like to hear from the government "the beatings will continue"
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Old 05-05-2011, 02:23 PM
 
Location: Union County
6,151 posts, read 10,038,802 times
Reputation: 5831
It's a bloodbath and outright war on all commodities... not just crude. Frankly there's not many words to describe the insanity of these "markets" nowadays. Must... justify... QE3

Then again, does it really matter?

Activist Post: Bad News from NASA: Proof That Comet Elenin Is Affecting Earth
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Old 05-05-2011, 02:25 PM
 
Location: bellmore
376 posts, read 1,017,611 times
Reputation: 160
oil is down but the price of gasoline is still $4.25 a gallon....
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Old 05-05-2011, 02:33 PM
 
Location: Smithtown, NY
1,726 posts, read 4,043,705 times
Reputation: 1347
Quote:
Originally Posted by FrmlyBklyn View Post
Okay, where's Walter? Can't wait to hear that OIL has come down more than 10% in one day because the collective prices of refined product, gasoline, heating oil/diesel have fallen through the floor.

Good news everyone, the speculators are being taken out to the woodshed and given a thorough beating. I would like to hear from the government "the beatings will continue"
They must have heard that I was out shopping for a more fuel efficient car and realized that demand would be affected by my purchase.
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Old 05-05-2011, 02:53 PM
 
3,686 posts, read 8,713,352 times
Reputation: 1807
Quote:
Originally Posted by ar1458 View Post
oil is down but the price of gasoline is still $4.25 a gallon....

So you expect Apu the Local Gas Station owner to drop the price of gas in his tanks because the wholesale price of oil has dropped today?
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Old 05-05-2011, 02:55 PM
 
3,686 posts, read 8,713,352 times
Reputation: 1807
I saw an interesting conversation by some talking heads on TV this week. Seems attendants at full-service pumps are asking to see your money first before they do "fill-ups". Guess they are afraid someone in an SUV will scoot out without paying their $100 fill-up tab.
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Old 05-05-2011, 03:14 PM
 
Location: Tri-State Area
2,942 posts, read 6,012,945 times
Reputation: 1839
Quote:
Originally Posted by Gpsma View Post
I saw an interesting conversation by some talking heads on TV this week. Seems attendants at full-service pumps are asking to see your money first before they do "fill-ups". Guess they are afraid someone in an SUV will scoot out without paying their $100 fill-up tab.
At least they don't demand up-front payment before pumping. They do in other states.
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Old 05-05-2011, 03:22 PM
 
Location: I'm gettin' there
2,666 posts, read 7,342,588 times
Reputation: 841
Quote:
Originally Posted by Gpsma View Post
I saw an interesting conversation by some talking heads on TV this week. Seems attendants at full-service pumps are asking to see your money first before they do "fill-ups". Guess they are afraid someone in an SUV will scoot out without paying their $100 fill-up tab.
When you swipe your credit card you are subjected to the same thing... its just presented in a different way so that you do not feel bad.

I am guessing you just meant payment by "cash" only ? In that case I would say its the same as the banks giving out the loans.... please check if the homeowner can afford it first, just like any payments in cash should be approved by the gas station owner at all times..... ahem... welcome to the new America.
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Old 05-05-2011, 03:26 PM
 
Location: Long Island (chief in S Farmingdale)
22,214 posts, read 19,504,200 times
Reputation: 5312
Quote:
Originally Posted by ar1458 View Post
oil is down but the price of gasoline is still $4.25 a gallon....
You should know the drill by now, its only been going on for the past eight or nine years. Oil prices go up, gas prices go up right away. Oil prices go down it takes a week or two to see it reflected in the gas prices.
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Old 05-05-2011, 03:42 PM
 
Location: Where my bills arrive
19,277 posts, read 17,147,017 times
Reputation: 15579
Quote:
Originally Posted by Smash255 View Post
You should know the drill by now, its only been going on for the past eight or nine years. Oil prices go up, gas prices go up right away. Oil prices go down it takes a week or two to see it reflected in the gas prices.
Ain't that the truth!
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