I think it's gone up something like 20 cents a gallon in Ames over the last few days...anybody know what gives?
Whats up with gas prices?
- Thread starter tigershoops31
- Start date
It is always hard to tell. I know OPEC made a comment recently about wanting a barrel of oil to cost a certain amount. I don't recall what that amount was...maybe 55 or 60. Anyway, they are probably reducing supply to drive up prices. I don't really know.
There is, surprise, surprise, speculation in the oil markets; the speculators are betting that the recession is moderating and that the economy will recover sooner than expected. That being the supposition, those guys feel that as the stock market goes up, the demand for gas will eventually follow. Remember that the stock market normally recovers before the actual economy starts to grow and way before job losses cease. So, look for gas prices to follow the stock market, if not precisely to track it. Moral? Don't buy that gas-hog suv, thinking that gas will stay below $2.50; ain't gonna happen.
I've got an idea..its a fact that oil always goes up as demand increases for Memorial day travel. Lets all buy oil futures and wait to sell that week. Our speculation oil purchases will drive up the price even further, and we can get $4.00 / gallon prices AND WE ALL PROFIT!! WOO HOO!!
#1 REASON OIL DOES NOT FOLLOW SUPPLY AND DEMAND LAWS!!!
Less uncertaininty in the world = higher prices.
Watch out. If inflation sets in like many economists are predicting, it will make gas very expensive for U.S. citizens.
Watch out. If inflation sets in like many economists are predicting, it will make gas very expensive for U.S. citizens.
If inflation sets in like they're predicting, it will make everything very expensive for us.
Yeah, that always happens in ames. Better to fill up in des moines if your route back takes you through there. Being from WDM, i always filled up the tank when i came home, bc it was always 10-15 cents cheaper here.
I always thought that MORE uncertainty and unrest worldwide caused prices to rise.
Actually it has more to do with speculation. Retracement back towards the extreme highs. The irony of the whole thing is that lower energy prices fuels the recovery, but if recovery is deemed to be happening that speculators will drive prices higher anticipating higher demand.
I should have phrased that better. The less economic uncertainty = stronger prices.
There have been several refinery shutdowns in the last month because of the drop in demand and an increase in inventories. The price of crude and gas on the enchanges is up over 10% in the last 10 days.
That being said, the price of gas in Des Moines has not gone up that much in the last few days.
That being said, the price of gas in Des Moines has not gone up that much in the last few days.
The bad news is that as the economy slowly starts to improve gas prices will continue to rise. Just can't win.
