Cheap gas no more? - Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum

SimpleS14 · 02-12-2009, 02:30 PM

I'm sure many of us saw this coming....

After reading this article: Gas prices could hit $2 a gallon - Feb. 12, 2009

It had me intrigued and wondering why prices are going up while oil is damn cheap.

Apparently no one is really driving much and refineries are trying to make revenue of some kind. So they are raising prices on gas trying to soak up any profits they can and create a stockpile of oil while it's cheap.

It makes sense to me and if I was in that business...I would pretty much do the same thing.

What do you guys think?

I don't mind if gas hovers above $2 and caps at $3. Right now I pay $2.11 for 93.

**Phlip** · 02-12-2009, 02:34 PM

The problem is OPEC, they got fat while everyone was starving trying to act like $4.00 gas was the norm, and loved it even more when it was damn near $5...
Shit fell out from under them and gas was a third what it had been just like 3-4 weeks earlier and they began their scramble to get them back up, cutting production and all. Fact remains that gas prices are going to go back up for that very reason, I knew it wouldn't last.
I don't mind paying a fair amount for gas, I started driving in 95, gas was like $0.89/gallon. 5 years later, it was about $1.25(?), an increase of a hair over $0.07/year, $2.00/gallon now feels fair. Okay, adjust for changes in the general value of shit and inflation, tack on another dime... $2.11 is right on time, but won't last.

... someone will blame Obama though

Alpha Residence · 02-12-2009, 02:40 PM

Like Phillip stated, the price of Gas is rising simply because OPEC met and cut production of oil in an effort to prevent the price from bottoming out. It's going to move up again but I highly doubt it will move past 3 dollars again anytime soon.

atom · 02-12-2009, 02:46 PM

60 minutes had a good story a while back about Saudi Arabia and how 90% of their GDP revolves around oil. When a country relies that heavily on a single resource, you know they're gonna milk it for all it's worth. As soon as our economy gets back on track we'll be back to $4/gallon gas.

mRclARK1 · 02-12-2009, 02:53 PM

Gas will go back up in the summer... People start driving and traveling more and prices will rise.

Hence why I have some fuel drums and jerry cans with a nice little stockpile. Even if gas stays the same price, well then I just have a nice pre-paid stock on hand. haha... It's not like it'll get much, if any cheaper. I did the math and with what I have on hand, if the prices go back up to previous levels from last summer, I save some nice cash. haha

Otto347 · 02-12-2009, 03:34 PM

Im with PHLIP, fair fucking gas prices. They make a shit ton of money off us anyway, just give us a fair price.

fromxtor · 02-12-2009, 03:36 PM

Gas is still $1.84 for reg here.

SHIFT_*grind* · 02-12-2009, 03:41 PM

$1.79 here. I don't care if it crests $2.00, just no more dicking us with this $4.50/gallon bullshit.

Deftec · 02-12-2009, 05:26 PM

They said they will cut production as much as they have to, in order to get prices back up. Shitty deal, but they're basically running a monopoly. I work in the oilfield and this past month or so has been HORRIBLE for work. Just a way to say "hey...we fucked you over before, so we'll just fuck you over again." Just pick yourself up a bottle of lube, and get ready to take a shaft.

BustedS13 · 02-12-2009, 07:09 PM

evil corporations lol

Flicktitty · 02-12-2009, 07:10 PM

gas is already at $2 here. oh well big fuckin deal....it's still "cheap" compaired to what it was.

fckillerbee · 02-12-2009, 07:23 PM

2.13 for regular gas....dont mind paything that..but shit..filling a 240 shouldn't cost more than 30 bucks. Then that's just getting crazy. especially since socal people commute.

duffman1278 · 02-12-2009, 07:25 PM

^^ Exactly

But even then OPEC knows it would be stupid for them to raise prices right now during a global recession. Its not that they're trying to raise it to get it back to what it was over summer even though they must have loved that. However its merely the fact they must cut supply because as the numbers keep coming out, they still continue to see that demand is decreasing so they have to cut back. And when this happens usually investors bid more on it.

I've also noticed when they make the statements that they will be cutting oil production, it brings up the price of a barrel up.

MisawaJason · 02-12-2009, 07:58 PM

Dont even get me started on AAFES gas prices. Military folks know what I'm talking about. They raise the prices in a heartbeat to keep up with the US national average, then when that average goes back down they take a few months before they lower their price.
Army & Air Force Extortion Service

lflkajfj12123 · 02-12-2009, 08:46 PM

DAMMNNnNNNN OBAMA RAISING MY GAS PRICES

**RJF** · 02-12-2009, 08:53 PM

Quote:

Originally Posted by PHLIP

The problem is OPEC,

... someone will blame Obama though

It is Obama's fault. We'll be back at $4.00+ by summer.

President Obama is shelving a plan announced in the final days of the Bush presidency to open much of the U.S. coast to oil and gas drilling, including 130 million acres off California's shores from Mendocino to San Diego.

White House puts coastal drilling plans on hold

BustedS13 · 02-12-2009, 08:56 PM

it's obama's fault dude

joeapple8 · 02-12-2009, 08:58 PM

Quote:

Originally Posted by fromxtor

Gas is still $1.84 for reg here.

thats damn cheap, compared to what I have to pay 2.30 for 89 O

**Phlip** · 02-12-2009, 09:11 PM

Quote:

Originally Posted by RJF

It is Obama's fault.

I didn't say WHO would blame Obama, that much was kinda inferred...
Now I am expecting someone else to say something that can be taken as racist, then take offense when someone mentions it. No worries, Bob, you are not THAT person.

cc4usmc · 02-12-2009, 09:14 PM

Quote:

Originally Posted by RJF

White House puts coastal drilling plans on hold

I read all that... I guess I missed the part where they explained why they were going to put the plans on hold.

98s14inaz · 02-13-2009, 06:57 AM

Quote:

Originally Posted by RJF

It is Obama's fault. We'll be back at $4.00+ by summer.

President Obama is shelving a plan announced in the final days of the Bush presidency to open much of the U.S. coast to oil and gas drilling, including 130 million acres off California's shores from Mendocino to San Diego.

White House puts coastal drilling plans on hold

It also has a lot to do with economic terrorism by OPEC. They know they can't attack us directly so they do this passive aggressive stuff and make a profit while they are at it. This whole situation seems like more of the same, the president just has a tan now and speaks better.

98s14inaz · 02-13-2009, 06:59 AM

Quote:

Originally Posted by cc4usmc

I read all that... I guess I missed the part where they explained why they were going to put the plans on hold.

It's so the top 10% who own coastal property don't have to look at oil rigs.

**Phlip** · 02-13-2009, 07:18 AM

Quote:

Originally Posted by 98s14inaz

It also has a lot to do with economic terrorism by OPEC. They know they can't attack us directly so they do this passive aggressive stuff and make a profit while they are at it. This whole situation seems like more of the same, the president just has a tan now and speaks better.

I would like to PERSONALLY thank you for seeing it that way.

WanganRunner · 02-13-2009, 09:27 AM

Quote:

Originally Posted by RJF

It is Obama's fault. We'll be back at $4.00+ by summer.

President Obama is shelving a plan announced in the final days of the Bush presidency to open much of the U.S. coast to oil and gas drilling, including 130 million acres off California's shores from Mendocino to San Diego.

White House puts coastal drilling plans on hold

Hmmmm....No.

While I DO support drilling, there isn't enough oil offshore and/or in Alaska to have any meaningful impact on prices, and it wouldn't hit the market for years anyway.

And there's no way it'll be $4.00 again by summer. No. Way.

There was a speculative oil bubble and it exploded. It'll creep back up gradually, but it will absolutely not be at $4.00 by summer unless some major crisis hits refining or production capacities.

Normal seasonal fluctuations don't drive 100%+ price increases, doesn't happen. Maybe 10-20%.

zeitgeist · 02-13-2009, 11:21 AM

Quote:

Originally Posted by RJF

It is Obama's fault. We'll be back at $4.00+ by summer.

President Obama is shelving a plan announced in the final days of the Bush presidency to open much of the U.S. coast to oil and gas drilling, including 130 million acres off California's shores from Mendocino to San Diego.

White House puts coastal drilling plans on hold

Come down to the Texas bay area and see how beautiful it looks with all this oil shit on the coast.
And I find it funny that you actually believe his decision would have an impact within a year. Think before you type

somovr4 · 02-13-2009, 11:49 AM

My car runs on cup noodles. 2.00 bucks even here in the midwest for gas. deisel is cheaper.

Matej · 02-13-2009, 12:00 PM

Personally, I blame Obama for the gas prices last summer, and the summer before that.

EmKayThree · 02-13-2009, 01:21 PM

Quote:

Originally Posted by RJF

It is Obama's fault. We'll be back at $4.00+ by summer.

Frankly i don't think it's Obama's fault, but you know he's on the gas companies payroll if gas prices continue to rise as they do.

Or simply because we the people continue to purchase gas.

We have to be stupid to think that gas prices are going to actually lower, no way. For all we know maybe they lowered gas prices because they had to because the whole econmic downfall, we simply cant afford gas. Better have them pay $2 rather than no dollars.

I think however the reason why gas prices went down is because Bush has his own Oil refineries in the middle east now (after the war). Instead of the middle man getting a portion of the money, majority is going to Bush now; straight from the sources.

**Phlip** · 02-13-2009, 01:47 PM

Quote:

Originally Posted by EmKayThree

I think however the reason why gas prices went down is because Bush has his own Oil refineries in the middle east now (after the war). Instead of the middle man getting a portion of the money, majority is going to Bush now; straight from the sources.

WanganRunner · 02-15-2009, 05:30 PM

Quote:

Originally Posted by EmKayThree

blah blah blah ill-informed conspiratorial infantile bullshit blah blah blah

02-12-2009, 02:30 PM	#1
SimpleS14 Post Whore! Join Date: Feb 2002 Location: Philly Age: 42 Posts: 9,185 Trader Rating: (0) Rides Gallery: SimpleS14 Feedback Score: 0 reviews	Cheap gas no more? I'm sure many of us saw this coming.... After reading this article: Gas prices could hit $2 a gallon - Feb. 12, 2009 It had me intrigued and wondering why prices are going up while oil is damn cheap. Apparently no one is really driving much and refineries are trying to make revenue of some kind. So they are raising prices on gas trying to soak up any profits they can and create a stockpile of oil while it's cheap. It makes sense to me and if I was in that business...I would pretty much do the same thing. What do you guys think? I don't mind if gas hovers above $2 and caps at $3. Right now I pay $2.11 for 93. __________________ *Goals are dreams with a deadline.* L.H.O.O.Q.

02-12-2009, 02:34 PM	#2
Phlip Yes, I look like that Join Date: Mar 2002 Location: In my supervillain's lair Posts: 27,980 Trader Rating: (19) Rides Gallery: Phlip Feedback Score: 19 reviews	The problem is OPEC, they got fat while everyone was starving trying to act like $4.00 gas was the norm, and loved it even more when it was damn near $5... Shit fell out from under them and gas was a third what it had been just like 3-4 weeks earlier and they began their scramble to get them back up, cutting production and all. Fact remains that gas prices are going to go back up for that very reason, I knew it wouldn't last. I don't mind paying a fair amount for gas, I started driving in 95, gas was like $0.89/gallon. 5 years later, it was about $1.25(?), an increase of a hair over $0.07/year, $2.00/gallon now feels fair. Okay, adjust for changes in the general value of shit and inflation, tack on another dime... $2.11 is right on time, but won't last. ... someone will blame Obama though __________________ Weirdo And I write too!

02-12-2009, 02:53 PM	#5
mRclARK1 Post Whore! Join Date: Sep 2005 Location: Location? Posts: 4,205 Trader Rating: (0) Feedback Score: 0 reviews	Gas will go back up in the summer... People start driving and traveling more and prices will rise. Hence why I have some fuel drums and jerry cans with a nice little stockpile. Even if gas stays the same price, well then I just have a nice pre-paid stock on hand. haha... It's not like it'll get much, if any cheaper. I did the math and with what I have on hand, if the prices go back up to previous levels from last summer, I save some nice cash. haha __________________

02-12-2009, 03:36 PM	#7
fromxtor Post Whore! Join Date: Aug 2005 Location: NC Age: 44 Posts: 3,012 Trader Rating: (23) Feedback Score: 23 reviews	Gas is still $1.84 for reg here. __________________ Seller feedback>>http://www.zilvia.net/f/showthread.p...light=fromxtor

02-12-2009, 03:41 PM	#8
SHIFT_grind Nissanaholic! Join Date: Nov 2004 Location: NWA Age: 42 Posts: 2,066 Trader Rating: (7) Feedback Score: 7 reviews	$1.79 here. I don't care if it crests $2.00, just no more dicking us with this $4.50/gallon bullshit. __________________ My seller review thread

02-12-2009, 02:40 PM	#3
Alpha Residence Join Date: Feb 2009 Location: VS.NY Age: 43 Posts: 38 Trader Rating: (1) Feedback Score: 1 reviews	Like Phillip stated, the price of Gas is rising simply because OPEC met and cut production of oil in an effort to prevent the price from bottoming out. It's going to move up again but I highly doubt it will move past 3 dollars again anytime soon.

02-12-2009, 02:46 PM	#4
atom Zilvia FREAK! Join Date: Jan 2003 Location: San Francisco Posts: 1,196 Trader Rating: (0) Feedback Score: 0 reviews	60 minutes had a good story a while back about Saudi Arabia and how 90% of their GDP revolves around oil. When a country relies that heavily on a single resource, you know they're gonna milk it for all it's worth. As soon as our economy gets back on track we'll be back to $4/gallon gas.

02-12-2009, 05:26 PM	#9
Deftec Zilvia Junkie Join Date: Apr 2007 Location: ks Posts: 376 Trader Rating: (0) Feedback Score: 0 reviews	They said they will cut production as much as they have to, in order to get prices back up. Shitty deal, but they're basically running a monopoly. I work in the oilfield and this past month or so has been HORRIBLE for work. Just a way to say "hey...we fucked you over before, so we'll just fuck you over again." Just pick yourself up a bottle of lube, and get ready to take a shaft.

02-12-2009, 07:09 PM	#10
BustedS13 Post Whore! Join Date: Jan 2004 Location: Phoenix AZ Age: 40 Posts: 10,287 Trader Rating: (0) Feedback Score: 0 reviews	evil corporations lol __________________

02-12-2009, 07:10 PM	#11
Flicktitty Post Whore! Join Date: Apr 2007 Location: Wisconsin Age: 38 Posts: 3,686 Trader Rating: (13) Feedback Score: 13 reviews	gas is already at $2 here. oh well big fuckin deal....it's still "cheap" compaired to what it was. __________________ 2JZ-GTE Swapped S13 Coupe - 1994 Supra Turbo

02-12-2009, 07:23 PM	#12
fckillerbee Post Whore! Join Date: Nov 2007 Location: Southern California Age: 40 Posts: 4,266 Trader Rating: (5) Feedback Score: 5 reviews	2.13 for regular gas....dont mind paything that..but shit..filling a 240 shouldn't cost more than 30 bucks. Then that's just getting crazy. especially since socal people commute.

02-12-2009, 07:25 PM	#13
duffman1278 Post Whore! Join Date: Apr 2007 Location: Covina Age: 37 Posts: 2,844 Trader Rating: (8) Rides Gallery: duffman1278 Feedback Score: 8 reviews	^^ Exactly But even then OPEC knows it would be stupid for them to raise prices right now during a global recession. Its not that they're trying to raise it to get it back to what it was over summer even though they must have loved that. However its merely the fact they must cut supply because as the numbers keep coming out, they still continue to see that demand is decreasing so they have to cut back. And when this happens usually investors bid more on it. I've also noticed when they make the statements that they will be cutting oil production, it brings up the price of a barrel up.

02-12-2009, 07:58 PM	#14
MisawaJason Zilvia FREAK! Join Date: Nov 2007 Location: South Korea Age: 40 Posts: 1,320 Trader Rating: (13) Feedback Score: 13 reviews	Dont even get me started on AAFES gas prices. Military folks know what I'm talking about. They raise the prices in a heartbeat to keep up with the US national average, then when that average goes back down they take a few months before they lower their price. Army & Air Force Extortion Service

02-12-2009, 08:46 PM	#15
lflkajfj12123 Join Date: Apr 2007 Location: 　　　　　　　　 Posts: 8,483 Trader Rating: (20) Feedback Score: 20 reviews	DAMMNNnNNNN OBAMA RAISING MY GAS PRICES

02-12-2009, 08:56 PM	#17
BustedS13 Post Whore! Join Date: Jan 2004 Location: Phoenix AZ Age: 40 Posts: 10,287 Trader Rating: (0) Feedback Score: 0 reviews	it's obama's fault dude __________________

02-13-2009, 11:49 AM	#26
somovr4 Leaky Injector Join Date: Oct 2008 Location: BLT Posts: 74 Trader Rating: (0) Feedback Score: 0 reviews	My car runs on cup noodles. 2.00 bucks even here in the midwest for gas. deisel is cheaper. __________________ No I do not drift nor do I slide.

02-13-2009, 12:00 PM	#27
Matej Post Whore! Join Date: Feb 2007 Location: N/A Posts: 9,423 Trader Rating: (39) Feedback Score: 39 reviews	Personally, I blame Obama for the gas prices last summer, and the summer before that.