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| Wells Hall Off-topic Board Politics, Religion, and Social Issues. This board is your pulpit to preach to the masses (like the Wells Hall preacher) about everything from politics to religion. Please be kind to your fellow Spartans. Post as if your family is in the other computer. |
08-15-2008, 02:39 PM
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#26 (permalink)
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 2,500+ posts
Join Date: Oct 2006
Location: GR
Posts: 3,357
 #25 Blair White
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More statistics: Gas has fallen to $111/bbl, or 24% off the highest price. According to this article, today's $3.26 price/bbl drop resulted in a whopping $0.01 decrease in a gallon of gas. At this rate, to get below $3.00 we will need to have a barrel of oil cost around NEGATIVE $120/bbl to have gas go below $3.00/gallon. 
Seriously, gas peaked at $4.114 on July 17 when oil was $147/bbl.
Oil is now $111, or 24% off the high price, and a gallon is still $3.771. That's only a 9% reduction in price. 
Oil falls to $111 level on stronger US dollar - Yahoo! News
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2008 SpartanTailgate 5-on-5 Classic
Tomfoolery (4-1) Final Four
VanWilder . Jasper232540 . Slowdown . Hip Hop Anonymous . FWAV
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08-15-2008, 02:53 PM
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#27 (permalink)
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 10,000+ posts
Join Date: Jan 2004
Location: Chicago
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Quote:
Originally Posted by Da Chocolate Monk
Why does a dog lick it's own balls? Because it can.
Why does an oil company charge whatever the **** it wants for gas with no apparent rhyme or scheme? Because it can.
Pretty simple actually.
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FYI, the oil companies don't set the price of gas. It's priced as a commodity (though there are other influences like how much OPEC produces, refining capabilities, etc). The oil company is similar to an Iowa farmer and the influence he can exert on the price of the corn he grows.
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tRCMB's Resident Badger
Last edited by Chitown_Badger; 08-15-2008 at 03:02 PM.
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08-15-2008, 03:32 PM
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#28 (permalink)
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 500+ posts
Join Date: Aug 2001
Location: Lansing, MI
Posts: 675
Mark Dantonio
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Quote:
Originally Posted by VanWilder
More statistics: Gas has fallen to $111/bbl, or 24% off the highest price. According to this article, today's $3.26 price/bbl drop resulted in a whopping $0.01 decrease in a gallon of gas. At this rate, to get below $3.00 we will need to have a barrel of oil cost around NEGATIVE $120/bbl to have gas go below $3.00/gallon.
Seriously, gas peaked at $4.114 on July 17 when oil was $147/bbl.
Oil is now $111, or 24% off the high price, and a gallon is still $3.771. That's only a 9% reduction in price.
Oil falls to $111 level on stronger US dollar - Yahoo! News |
I went out at lunch today ....... $3.96 a gallon in Lansing. Unreal.
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Remember to tell 'em Tim sent ya!
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08-15-2008, 03:36 PM
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#29 (permalink)
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RCMB Donor
Join Date: Jan 2002
Location: The Triangle
Posts: 21,437
Mark Dantonio
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I paid $3.51 today in Raleigh.
You people in Michigan are ****ed by that EPA mandated special blend.
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At the end of the year they don't ask you "How" - they ask you "How Many".
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08-15-2008, 03:41 PM
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#30 (permalink)
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500+ posts
Join Date: Aug 2001
Location: Lansing, MI
Posts: 675
Mark Dantonio
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Quote:
Originally Posted by Dr. Strangelove
I paid $3.51 today in Raleigh.
You people in Michigan are ****ed by that EPA mandated special blend.
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I wish it were that easy. The QD out on W. Saginaw was at $3.66 two weeks ago. Oil has fallen substantially since then, but gas has shot up $.33 a gallon........
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Remember to tell 'em Tim sent ya!
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08-15-2008, 03:43 PM
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#31 (permalink)
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10,000+ posts
Join Date: Nov 2006
Location: See the wart on your hand? Somewhere near there.
Posts: 10,084
#15 Durrell Summers
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Quote:
Originally Posted by Spin
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I paid $3.69 here about 3 weeks ago and now it's $3.91 
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08-15-2008, 03:55 PM
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#33 (permalink)
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 5,000+ posts
Join Date: Jun 2001
Location: WV
Posts: 6,280
#43 Eric Gordon
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The Mercantile Exchange guys are trying to decide between a Bentley and a Rolls...
That's all you need to know...
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08-15-2008, 04:52 PM
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#35 (permalink)
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 1,000+ posts
Join Date: Aug 2006
Posts: 2,445
#36 Jon Misch
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Quote:
Originally Posted by Dr. Strangelove
I paid $3.51 today in Raleigh.
You people in Michigan are ****ed by that EPA mandated special blend.
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Thanks tree hugging liberals 
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Another Official Mark Dantonio Bandwagon Member
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08-15-2008, 04:53 PM
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#36 (permalink)
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10,000+ posts
Join Date: Sep 2002
Location: Raleigh-Durham International Airport
Posts: 14,871
#21 Otis Wiley
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Quote:
Originally Posted by Dr. Strangelove
I paid $3.51 today in Raleigh.
You people in Michigan are ****ed by that EPA mandated special blend.
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Nice find . I saw $3.53 in Cary today.
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"The place was filled with every cutthroat and low-life from Bombay to Calcutta. It was worse than being in Detroit."
Quote:
Originally Posted by Hibernia
I prefer my women to be like Petway:
thin mohawk strip of hair, always riding the pine, and a complete failure to put up any defense.
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08-15-2008, 04:59 PM
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#37 (permalink)
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1,000+ posts
Join Date: Oct 2006
Posts: 1,880
#53 Greg Jones
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$3.42 here in St. Louis
__________________
*
Criticism of the Dear Leader must stop. It's counterproductive and hurtful. Let's join hands & sing!
Socialism isn't freedom. But Hitler, Lenin, Castro, Ho Chi Minh, Mao and others have proven that people can be "kool-aid"ed into fighting for the privilege of enslaving themselves..........and their neighbors.
Progressives: Pompous. Pedantic.
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08-15-2008, 05:02 PM
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#38 (permalink)
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10,000+ posts
Join Date: Jan 2003
Location: AvgJoe's house
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Quote:
Originally Posted by Redwingenator
Thanks tree hugging liberals |
McCain Defends 'Enron Loophole' | BaltimoreChronicle.com
Learn about electronic trading of mercantile exchange with out federal oversight (ENRON LOOPHOLE) from Phil Gramm, McCain's economic adviser...
then try to blame "liberals" or "the market" for this...
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08-15-2008, 05:48 PM
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#39 (permalink)
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2,500+ posts
Join Date: Nov 2006
Location: Phoenix, AZ
Posts: 4,051
#61 Arthur Ray Jr.
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3.59 in PHX...and I think that's outrageous.
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 Izzo/Dantonio '08 |
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08-15-2008, 05:54 PM
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#40 (permalink)
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10,000+ posts
Join Date: Sep 2001
Location: Grand Rapids
Posts: 10,621
#14 Brett Swenson
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Paid $3.68 three days ago, and that was after oil had been on a constant decrease over the last few weeks. The next day it went up to $3.95. What was the reason? Oil is still dropping...it didn't spike up $10-20.
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 Goran Suton bandwagon member (since Nov '05 )
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08-15-2008, 07:12 PM
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#42 (permalink)
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10,000+ posts
Join Date: Sep 2001
Location: West MI
Posts: 18,957
Dan Enos
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Gas in GR and KZ all went to $3.96. Seeing some dropping to $3.89-$3.87 but as already stated when oil was on the way up every hiccup, rumor and reported potential disruption was follwed by a $10/bbl jum and a jump at the pump within 24 hours, sometimes 8-12 hours.
Now we are told to be patient. Its all a game and the 5 Oil Bullies are getting while the gettings good.
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: One National Championship, 4 trips to the Final Four, Seven Sweet Sixteens, 11 straight trips to NCAA Tournament, 4 Big Ten Championships. Yeah, we'll keep him.
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08-15-2008, 07:40 PM
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#43 (permalink)
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1,000+ posts
Join Date: Aug 2007
Posts: 1,689
#22 Isaiah Dahlman
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Quote:
Originally Posted by Spin
I went out at lunch today ....... $3.96 a gallon in Lansing. Unreal.
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Quote:
Originally Posted by Dr. Strangelove
I paid $3.51 today in Raleigh.
You people in Michigan are ****ed by that EPA mandated special blend.
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Quote:
Originally Posted by pulling69
Nice find . I saw $3.53 in Cary today. |
Quote:
Originally Posted by trash
$3.42 here in St. Louis
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Quote:
Originally Posted by MrMojoRisin
Gas in west Michigan today is $3.95. I filled up in Ohio last night for $3.76. I am guessing we are taxing this stuff to death here.
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Gasoline tax levels by state.
/thread
__________________
The current US national debt:
$10,641,872,361,792
$34,881.96 per person
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08-15-2008, 07:47 PM
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#44 (permalink)
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2,500+ posts
Join Date: Nov 2006
Location: Phoenix, AZ
Posts: 4,051
#61 Arthur Ray Jr.
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Quote:
Originally Posted by GRR Spartan
Now we are told to be patient. Its all a game and the 5 Oil Bullies are getting while the gettings good.
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I am glad that the oil bullies are being nicer to Arizona than Michigan
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Izzo/Dantonio '08
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