$2.679 here...how low will it go?

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$2.679 here...how low will it go?

Postby Indaswamp » Sun Nov 02, 2014 8:34 pm

I'm hearing in the $2.50 range.
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Re: $2.679 here...how low will it go?

Postby Cujo1 » Sun Nov 02, 2014 8:36 pm

2.88 here
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Re: $2.679 here...how low will it go?

Postby OGblackcloud » Sun Nov 02, 2014 8:38 pm

Back up over 3 here :mad:
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Re: $2.679 here...how low will it go?

Postby jcz » Sun Nov 02, 2014 8:40 pm

Election day is just a couple days away. I don't expect it to go much lower.
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Re: $2.679 here...how low will it go?

Postby Indaswamp » Sun Nov 02, 2014 8:42 pm

jcz wrote:Election day is just a couple days away. I don't expect it to go much lower.

World markets dictate the gas price. Fortunately, this is one thing that American politics can't manipulate. The Saudi's are driving the price down intentionally.
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Re: $2.679 here...how low will it go?

Postby Botiz630 » Sun Nov 02, 2014 8:48 pm

If it gets to $2.50 I'm gonna buy all of it.
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Re: $2.679 here...how low will it go?

Postby micneador » Sun Nov 02, 2014 8:51 pm

Paid $2.669 in tulsa a week or so ago. Jumped up to $3, now it's backed off to $2.849 as of today.
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Re: $2.679 here...how low will it go?

Postby jcz » Sun Nov 02, 2014 8:55 pm

Indaswamp wrote:
jcz wrote:Election day is just a couple days away. I don't expect it to go much lower.

World markets dictate the gas price. Fortunately, this is one thing that American politics can't manipulate. The Saudi's are driving the price down intentionally.

I understand what you are saying but it's mighty convenient that each election year the prices go down in Oct and then back up in Nov.
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Re: $2.679 here...how low will it go?

Postby Indaswamp » Sun Nov 02, 2014 8:56 pm

jcz wrote:
Indaswamp wrote:
jcz wrote:Election day is just a couple days away. I don't expect it to go much lower.

World markets dictate the gas price. Fortunately, this is one thing that American politics can't manipulate. The Saudi's are driving the price down intentionally.

I understand what you are saying but it's mighty convenient that each election year the prices go down in Oct and then back up in Nov.

That has to do with the additives mandated by the Fed. Gov. that must be put in summer gasoline. The additives are expensive to produce. It's supply and demand...
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Re: $2.679 here...how low will it go?

Postby WisconsinWaterfowler » Sun Nov 02, 2014 8:57 pm

Still waiting for it to fall below 3.
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Re: $2.679 here...how low will it go?

Postby ColoradoGooser » Sun Nov 02, 2014 9:29 pm

jcz wrote:Election day is just a couple days away. I don't expect it to go much lower.


Winner ,winner,chicken dinner!!
Once the election is over Obamacare will be more affordable than gas.











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Re: $2.679 here...how low will it go?

Postby Willie » Sun Nov 02, 2014 10:02 pm

Paid 2.53 yesterday in Va. It's 2.73 down the road from my house here in nc.
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Re: $2.679 here...how low will it go?

Postby DuckManClyde » Sun Nov 02, 2014 10:19 pm

.
Last edited by DuckManClyde on Sun Nov 02, 2014 10:23 pm, edited 2 times in total.
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Re: $2.679 here...how low will it go?

Postby OGblackcloud » Sun Nov 02, 2014 10:21 pm

DuckManClyde wrote:Mn at 2.88 and been holding for the last week or two very little up or down and usually only a penny or two difference.

What part of MN ? Where I`m at its 3.05 as of yesterday up from 2.89 a week ago TC area
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Re: $2.679 here...how low will it go?

Postby DuckManClyde » Sun Nov 02, 2014 10:22 pm

OGblackcloud wrote:
DuckManClyde wrote:Mn at 2.88 and been holding for the last week or two very little up or down and usually only a penny or two difference.

What part of MN ? Where I`m at its 3.05 as of yesterday up from 2.89 a week ago TC area

Hutchinson and Glencoe have been my usual stops
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Re: $2.679 here...how low will it go?

Postby REM1100 » Mon Nov 03, 2014 12:54 am

It's $1.09/litre in Alberta Canada
on the X in Saskatchewan
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Re: $2.679 here...how low will it go?

Postby Dep6 » Mon Nov 03, 2014 9:53 am

2.83 here close to me, but with our Krogering discount we filled up the wife's conveyance yesterday for 2.47. :biggrin:
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Re: $2.679 here...how low will it go?

Postby grizz18 » Mon Nov 03, 2014 10:23 am

Willie wrote:Paid 2.53 yesterday in Va. It's 2.73 down the road from my house here in nc.


NC gas sucks so bad.. SC is always atleast 40 cent cheaper.
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Re: $2.679 here...how low will it go?

Postby ILwaterfowl71 » Mon Nov 03, 2014 10:28 am

2.95 about 60 miles outside of Chicago. Good as I've seen in a long time
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Re: $2.679 here...how low will it go?

Postby t_baker » Mon Nov 03, 2014 10:57 am

Indaswamp wrote:
jcz wrote:
Indaswamp wrote:
jcz wrote:Election day is just a couple days away. I don't expect it to go much lower.

World markets dictate the gas price. Fortunately, this is one thing that American politics can't manipulate. The Saudi's are driving the price down intentionally.

I understand what you are saying but it's mighty convenient that each election year the prices go down in Oct and then back up in Nov.

That has to do with the additives mandated by the Fed. Gov. that must be put in summer gasoline. The additives are expensive to produce. It's supply and demand...


Wouldn't winter additives be more expensive? Can't really see why fuel would need additives in the summer.
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Re: $2.679 here...how low will it go?

Postby Rat Creek » Mon Nov 03, 2014 11:21 am

Maybe it will get to $1.65, as it was the day the current president was elected. :eek:
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Re: $2.679 here...how low will it go?

Postby teddysberna » Mon Nov 03, 2014 12:39 pm

I think it's at 2.79 here in Lexington
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Re: $2.679 here...how low will it go?

Postby walnuts4x4 » Mon Nov 03, 2014 12:46 pm

Hell I'm still at 3.15 cash price in the corrupt state of NY
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Re: $2.679 here...how low will it go?

Postby SpinnerMan » Mon Nov 03, 2014 1:15 pm

t_baker wrote:Wouldn't winter additives be more expensive? Can't really see why fuel would need additives in the summer.
Smog.

Sunlight + volatile organic compounds (VOC) + NOx = Ozone (primary, but not perfect indicator of smog).

When the sun intensity goes down in the winter, the smog problem largely goes away. That's why we need additives in summer. The unburned or partially burned gasoline can be a key source of VOC in some regions (e.g., LA, Chicago). The additive is oxygenates that reduce the amount of unburned gasoline in your exhaust. This is also the reason for making sure your gas cap seals and that tons of gasoline vapors are not released when filling up.

Of course, the simple-minded, incompetent, control-freaks in Washington always seem to come up with the most costly, complex, convoluted approach, and ineffective solution to a real problem that they impose on places that do not even have that problem.

As far as where will the prices go. It wasn't that long ago we were at $2/gallon. I think that's probably the floor. As Swamp said, the Saudis and others are trying to drive out much of the competition, particularly fracking. I've read some things that suggest that at this point the break even point may be a lot lower than most think for fracking at this point. I also think these operations are more resilient and even if they do succeed in driving a lot of them out of the market, as soon as prices start to rise, they will pop right back up. This is the perfect place to be strategically. I'd rather we pump Saudi oil dry at $60/barrel and leave our oil in the ground for use down the road when and if oil really does become scarce as has been wrongly predicted for generations.
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Re: $2.679 here...how low will it go?

Postby sprigs4days » Mon Nov 03, 2014 3:50 pm

Paid $2.97 this morning. Can't remember last time it was under $3 bucks a gallon.
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