texaspackerbacker
10 years ago
They're dropping; That's a good thing, right?

The price here at Valero was $2.51 a gallon, just 2 cents higher than the price the day before Hurricane Katrina nearly a decade ago. That's a full dollar a gallon under the maximum less than a year ago.

Why the big decrease? The obvious answer is oil prices are dropping - down to about $77 a barrel for crude now, but what is causing that decrease? It could be new sources - the Bakken formation in the Dakotas or rejuvenation of old oil fields with fracking, etc. Another theory I'm heard is that demand for gasoline is low due to economic downturn. I find that a little bit hard to believe. I have also heard that if the price of oil drops below $75 a barrel, the economy goes in the toilet in the various oil countries - primarily Russia and Saudi Arabia, but also places like Iran and Venezuela - clear enemies of America - will be in serious jeopardy. I had this far-fetched idea that maybe the Insiders/banking interests/etc. WANT that to happen - it sounds good to me anyway.

I'm happy with the situation, but then I'm a fairly happy and optimistic person in general. Comments?
Expressing the Good Normal Views of Good Normal Americans.
If Anything I Say Smacks of Extremism, Please Tell Me EXACTLY What.
yooperfan
10 years ago
$2.99 here in Ishpeming.
Still too high considering the price of oil.
We are routinely the highest price in Michigan here in da U P.
Zero2Cool
10 years ago
Green Bay we're a shade below $3 per gallon for 87. I have a car that gets over 30mpg so gas costs haven't really been something I think twice about. When I had my old '96 Explorer and getting 16mpg, gas was a huge budget concern, lol.
UserPostedImage
Rockmolder
10 years ago

They're dropping; That's a good thing, right?

The price here at Valero was $2.51 a gallon, just 2 cents higher than the price the day before Hurricane Katrina nearly a decade ago. That's a full dollar a gallon under the maximum less than a year ago.

Why the big decrease? The obvious answer is oil prices are dropping - down to about $77 a barrel for crude now, but what is causing that decrease? It could be new sources - the Bakken formation in the Dakotas or rejuvenation of old oil fields with fracking, etc. Another theory I'm heard is that demand for gasoline is low due to economic downturn. I find that a little bit hard to believe. I have also heard that if the price of oil drops below $75 a barrel, the economy goes in the toilet in the various oil countries - primarily Russia and Saudi Arabia, but also places like Iran and Venezuela - clear enemies of America - will be in serious jeopardy. I had this far-fetched idea that maybe the Insiders/banking interests/etc. WANT that to happen - it sounds good to me anyway.

I'm happy with the situation, but then I'm a fairly happy and optimistic person in general. Comments?

Originally Posted by: texaspackerbacker 



With the addition of your tight oil there are currently surpluses of oil being created.

Gas prices have dropped by 15 cents per litre over here, as well. That's even more amazing, seen the fact that 63% of gas prices here are taxes.
wpr
  • wpr
  • Preferred Member
10 years ago
$2.99 in my town. Usually higher than the larger towns around us. $2.83 to $2.89 in them depending on which one and what station. Saw gas was $2.76 a month ago about 30 min south of St Lou a month ago. It must be lower now. We were around $3.15 back then.

It was a month or more ago when I heard there are a few reasons for the lower prices. There are more cars like Zero's out there lowering demand. The Feds got the Saudis to agree to keep pumping their large amount of oil despite the falling price. The Feds are trying to stick to to Russia as a back door diplomacy for stealing Ukraine. Also the switch from the summer blend to the winter blend contributed. Makes no sense to me as the price use to go up when they switched back and forth as it created an artificial shortage for a while.
UserPostedImage
dfosterf
10 years ago
2.99 here in PA. Ed Rendell laid another tax on gas when he was in office, so even though we have lots of refining and network here that would have likely given us some of the lowest prices in the nation, we instead get to give our energy infrastructure savings to the teacher's unions that don't educate our kids.

D.C. was 15 cents a gallon cheaper than us when I was down there a couple of weeks ago.
PackFanWithTwins
10 years ago
One theory I was told, can't confirm nor deny the validity of the claim is that at around $60-$70/barrel, it starts to become unaffordable to produce oil through Fracking. And lowering the price of oil is a way to stop that production. Saudis can produce oil at a cost of about $30/barrel so they can drive the fracking competition out.
The world needs ditch diggers too Danny!!!
texaspackerbacker
10 years ago

One theory I was told, can't confirm nor deny the validity of the claim is that at around $60-$70/barrel, it starts to become unaffordable to produce oil through Fracking. And lowering the price of oil is a way to stop that production. Saudis can produce oil at a cost of about $30/barrel so they can drive the fracking competition out.

Originally Posted by: PackFanWithTwins 



That doesn't seem like something that would be good for the Saudis - $60 a barrel with $30 profit compared to $90 a barrel with $60 profit - If they sell twice as much oil, they only make the same money, and even Saudi oil is not infinite. That would, however, be good for us - lower cost energy now, and we could always resume fracking if/when prices go back up.

I still lean toward the manipulation theory - stick it to the damn Russkies - and Iranians and Venezuelans too.


Expressing the Good Normal Views of Good Normal Americans.
If Anything I Say Smacks of Extremism, Please Tell Me EXACTLY What.
Wade
  • Wade
  • Veteran Member
10 years ago
Rising gas/oil prices make innovation in production (e.g., fracking) more likely. (pre-innovation, the new processes "cost a lot")

BUT

Innovation in production leads to lower prices (post-innovation, the new processes are "cheaper").

[Only real exception: when the innovation is done via subsidy (see, generally, "alternative energies"). Why? Because the subsidy fails to provide the same incentive to reduce the cost of the innovative process the way the price mechanism does. Why bother find ways to reduce the real costs? You're going to get paid by the subsidizer, after all.]

The notion that fracking is going to go bye-bye because of oil prices falling too low is dreaming. It might slow expansion of development of Bakken, the Permian Basin, etc., a bit, but the reality is that fracking tech is cheaper all the time.

And with it, the need to worry about what the Saudis might or might not be doing with their oil supplies matters less and less.

Hehe.



And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
Wade
  • Wade
  • Veteran Member
10 years ago
Oh, and a bit of historical evidence probably only interesting to me:

Average price of gal of gas in 1982: $1.30.
Average price of gal of gas in 2013: $3.60.
Works out to an average annual increase of approximately 3.2%/year.
(price of gasoline doubles roughly every 23 years).

Cost of living (CPI, average consumer, excluding gasoline expenditures)(1982-1984 dollars) in 1982: 96.5
Same, but in 2013: 233.0
Works out to an average annual increase of approximately 2.8%/year.
(average cost of living doubles roughly every 26 years).

What would be really interesting would be to add to this story the increased productivity between 1982 and today that happened at the same time as this (IMO a lot smaller than most people think) increase in relative gas prices actually can be connected to. It's a more complicated computation, and I'm still not done with that grading, so I'm not going to do it (at least not now) but my gut feeling is that the benefits we've received from paying an additional 0.4% per year are a lot bigger than that.

Sources used to make calculations:
Gas prices:www.davemanuel.com/whatitcost.php
CPI: www.bls.gov
And do not be conformed to this world, but be transformed by the renewing of your mind, that you may prove what is that good and acceptable and perfect will of God.
Romans 12:2 (NKJV)
Fan Shout
Mucky Tundra (3h) : *to be able
Mucky Tundra (3h) : and because it's not a dynasty league (which makes a lot more sense to be ability to trade picks)
Mucky Tundra (3h) : Oh I know; I was just exploring and it blew my mind that you could trade picks because of the whole reordering thing
Mucky Tundra (3h) : Zero, I think I preferred my offer: your 1st for my 15th rounder
Zero2Cool (4h) : Keep in mind, we do a draft reorder once all members locked in
Zero2Cool (4h) : You can have my 12th Rd for your 2nd round
Mucky Tundra (5h) : Hey i didn't know we could trade picks in fantasy
Mucky Tundra (3-Aug) : Update: Rock has tried a cheese curd, promises it's not his last
Zero2Cool (3-Aug) : watch it!! lol
Mucky Tundra (3-Aug) : you're right, we never did leave, the site just went down :P
Mucky Tundra (3-Aug) : Rock claims to have never eaten a cheese curd
Zero2Cool (3-Aug) : We did not leave.
Mucky Tundra (3-Aug) : Family Night! WE ARE SO BACK!
Mucky Tundra (2-Aug) : To this day, I'm still miffed about his 4 TD game against Dallas on Thanksgiving going to waste
Martha Careful (2-Aug) : Congratulations Sterling Sharpe. He was terrific and I loved watching him play.
beast (2-Aug) : I believe it's technically against the CBA rules, but Jerry just calls it a simple unofficial chat... and somehow gets away with it.
beast (2-Aug) : Jerry Jones is infamous for ̶n̶e̶g̶o̶t̶i̶a̶t̶i̶n̶g̶ chatting with players one on one... and going around the agent.
Mucky Tundra (1-Aug) : Oo just saw a blurb saying that Dallas negotiated directly with Parsons and not through his agent
Mucky Tundra (1-Aug) : I assumed that both guys will get paid, just a matter of when or how we get there
Zero2Cool (1-Aug) : McLaurin nor Micah going anywhere. They will get money
Mucky Tundra (1-Aug) : the Synder years or do they take care of one of their own?
Mucky Tundra (1-Aug) : Do the Commanders risk losing a top WR with an emerging QB just because he's turning 30 and potentially risk damaging the rebuild from
Mucky Tundra (1-Aug) : Turns 30 this September, plays at a high level and Washington has some cap space I believe
Mucky Tundra (1-Aug) : More interesting is Washington with Terry McLaurin
Mucky Tundra (1-Aug) : I would imagine Dallas will resolve this issue with a truckload of money
Zero2Cool (1-Aug) : Micah pulling a Myles with trade request
beast (1-Aug) : Packers should make some cheese forks
Mucky Tundra (31-Jul) : GRAB THE PITCHFORKS~
Zero2Cool (31-Jul) : CUT HIM
Mucky Tundra (31-Jul) : Socieltal collapse imminent
Mucky Tundra (31-Jul) : The West has fallen
Mucky Tundra (31-Jul) : After starting off camp with 25 straight made field goals, Brandon McManus has missed one
Zero2Cool (31-Jul) : But it should be stable
Zero2Cool (31-Jul) : It's probably gonna be slower.
Zero2Cool (31-Jul) : We're gonna just full go on to the new host.
Zero2Cool (31-Jul) : What crap. Site issues galore
Zero2Cool (30-Jul) : if PH dies, there is packerpeople com available
Zero2Cool (30-Jul) : database is on new host, eventually website will follow
Mucky Tundra (30-Jul) : Zero, regarding Ewers, you are correct.
Zero2Cool (30-Jul) : Sadly, this might be our life for awhile. I could put it on another host, but seems it was slower, although more stable
beast (30-Jul) : How long will it be down?
beast (30-Jul) : RIP site 😭
Zero2Cool (30-Jul) : Site will die, I have to restart it.
Zero2Cool (30-Jul) : Quinn stinks. Lot of underthrows. (my guess)
beast (30-Jul) : How did Quinn Ewers effect where Golden was drafted?
dfosterf (30-Jul) : All I've experienced was late at night or early morning. I just figured you were doing something in the background
Zero2Cool (30-Jul) : Site sure seems to be down more than up
dfosterf (29-Jul) : 50 cent hookers? I'm moving to Green Bay. I thought it was just real estate that was more affordable there. 😂
Zero2Cool (29-Jul) : Sure seems site going down more than 50¢ hooker
Mucky Tundra (27-Jul) : Golden with two TDs in red zone drills today
Please sign in to use Fan Shout
2025 Packers Schedule
Sunday, Sep 7 @ 3:25 PM
LIONS
Thursday, Sep 11 @ 7:15 PM
COMMANDERS
Sunday, Sep 21 @ 12:00 PM
Browns
Sunday, Sep 28 @ 7:20 PM
Cowboys
Sunday, Oct 12 @ 3:25 PM
BENGALS
Sunday, Oct 19 @ 3:25 PM
Cardinals
Sunday, Oct 26 @ 7:20 PM
Steelers
Sunday, Nov 2 @ 12:00 PM
PANTHERS
Monday, Nov 10 @ 7:15 PM
EAGLES
Sunday, Nov 16 @ 12:00 PM
Giants
Sunday, Nov 23 @ 12:00 PM
VIKINGS
Thursday, Nov 27 @ 12:00 PM
Lions
Sunday, Dec 7 @ 12:00 PM
BEARS
Sunday, Dec 14 @ 3:25 PM
Broncos
Friday, Dec 19 @ 11:00 PM
Bears
Friday, Dec 26 @ 11:00 PM
RAVENS
Saturday, Jan 3 @ 11:00 PM
Vikings
Recent Topics
3h / Fantasy Sports Talk / dhazer

12h / Green Bay Packers Talk / Mucky Tundra

15h / Green Bay Packers Talk / beast

3-Aug / Feedback, Suggestions and Issues / Zero2Cool

2-Aug / Green Bay Packers Talk / Mucky Tundra

2-Aug / Green Bay Packers Talk / wpr

31-Jul / Green Bay Packers Talk / wpr

28-Jul / Random Babble / Zero2Cool

28-Jul / Green Bay Packers Talk / Mucky Tundra

28-Jul / Green Bay Packers Talk / Mucky Tundra

27-Jul / Green Bay Packers Talk / Mucky Tundra

27-Jul / Green Bay Packers Talk / beast

25-Jul / Around The NFL / Mucky Tundra

25-Jul / Green Bay Packers Talk / Mucky Tundra

25-Jul / Green Bay Packers Talk / TheKanataThrilla

Headlines
Copyright © 2006 - 2025 PackersHome.com™. All Rights Reserved.