I Heard Fuel Prices Will Go Back Up

threaderman

I have a person who says after the holidays that fuel prices will double again from where they are now.They are supposedly on the inside,information wise,hopefully he's wrong,and it is what it is,nothing we can do about it and no use worrying about it,I know I wont.It may be something to consider for those who are bidding on future projects that involve heavy travel time after the first of the year.We all know they lower the prices to encourage spending in other areas anyways.

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Joe ---International Code Council Member

Your plumbing & gas specialist proudly serving Oklahoma City OK, Moore, Warr-acres, Norman, Midwest City, Edmond, Bethany, Forest Park

ruskent

LOL some one on the inside?

Prices are where they are because there is no demand. The only way they will go back up anytime soon is if the gov adds additional taxes, demand goes up, or if Isreal nukes Iran.

threaderman

That is what I told him too.I don't see people driving irresponsibly.

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Joe ---International Code Council Member

Your plumbing & gas specialist proudly serving Oklahoma City OK, Moore, Warr-acres, Norman, Midwest City, Edmond, Bethany, Forest Park

Leo G

The OPEC nations are going to reduce supply until the prices go back up towards $70/bl. They have already done one round of supply cuts but it did nothing because demand was still falling off. Now that demand has come close to bottoming out and another round of supply cuts it will eventually go back up again. The OPEC nations want $3 gas and they will cut things off until they get it. Not much we can do about it until we ween ourselves off of oil.

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Sawdust Follows Me Everywhere

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woodworkbykirk

hopefully they got it backwards and the amount of gas we'll get to what we pay will double,

concretemasonry

One good thing about the very low gas prices is that it is a real benefit for the American auto makers. It allows them to dump some "gas hog" inventory on the people that look at the gas prices one day and then forget about the 5 years they will drive at a different gas prices.

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Dick

Engineer, designer and consultant recently active domestically and internationally on construction and design in about 35 countries.

threaderman

That's a great observation Dick,it may indeed create more sales of the gas hogs that have bein sitting around.

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Joe ---International Code Council Member

Your plumbing & gas specialist proudly serving Oklahoma City OK, Moore, Warr-acres, Norman, Midwest City, Edmond, Bethany, Forest Park

wyoming 1

That's what everyone says "no demand" so since gas prices are half of what they were in the summer are you telling me half the number of people are driving now? Are all of you guys driving half as much? There is a little morre too it than just supply and demand. The low gas prices are good for the rest of the U.S. but not here one of are bid gas& oil companys sent three drilling rigs down the road last week. We here are going to finally see the slow down. I lost a job last week due to oil field slow down

dirt diggler

don't see why it's a big deal ....



high gas prices didn't kill me - or any of you (obviously, or else you wouldn't be posting here)


accept, adjust, move on

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Thanks in advance!!!

threaderman

Sorry about your job man.This person said they just laid of 70 oil rig welders in this area ,and told them they would be back to work for a push after the holidays,hence my opening statement,and again ,just shooting the crap with you guys,I take this information with a grain of salt myself.I have reduced or eliminated trip charges in the past month,and if it does go back-up I will just have to account for it again.Monday was the first time I completely filled my rig in a long time ,in an effort to keep the weight down.

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Joe ---International Code Council Member

Your plumbing & gas specialist proudly serving Oklahoma City OK, Moore, Warr-acres, Norman, Midwest City, Edmond, Bethany, Forest Park

concretemasonry

Half the gas prices does not mean that the demand is half.

If you are short (or think you will be short) one gallon or need more fuel, there is a "shortage" than will push prices up. - It is an emotional response and only a fool will sell oil for less than what the the customer/country is willing to pay.

Shortages are created by people and emotions reacting to demand and perceived short term situations created by demads.

Since oil companies are multi-national (Shell - Netherlands, BP - UK and others, etc.) they can sell the oil to the highest bidder.

Has anyone noticed the decrease in the number (independant and national brands) of U.S. gas sations? - That is because there was not enough profit in running a station, let alone financing the cost of 5 to 10 tanker loads of $4.00 pump price gas ($30,000+ per load).

It is just supply and demand. India (population 1.1 billion) is the fastest growing country (financially and maybe population), which is 3 to 4 times greater than the world and much more than the U.S. average and more than China's. Add to the demand of those 1.2 billion Chinese that are growing slightly less than India, you have a huge demand for gas and oil that dwarfs the U.S. effects, even if the U.S. did not import any oil. - You realize it when you see bumper to bumper jammed traffic (Mercedes, Audi, BMW, etc.) on a freeway or six lane street in a city like Shanghai, Beijing or a number of the many 1,000,000 polulation cities. - Mumbai, India has a population of about 18,000,000.

It is a world economy.

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Dick

Engineer, designer and consultant recently active domestically and internationally on construction and design in about 35 countries.

MALCO.New.York

Is this not the sort of situation that sparked the first Anti-Trust suit in America. Namely Standard Oil, a nearly Complete Monopoly at the time.

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Something to One may be Nothing to another!

Ultimate Wisdom---------
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wyoming 1

" only a fool will sell oil for less than customer/country is willing to pay"
Fool or maybe a group of us contractors: lets be the lowest bidder

AtlRemodeling

IMHO and from a little bit of research. The demand for oil in this country nor the war in Iraq drove the oil prices to $140/barrel. The major contributing factor was the hedge funds. These funds moved into the oil just as they did with the tech stocks. The rise in prices for both was unwarranted and dramatic. Once prices reach a certain point the large money begins to move out (having made major $$) and you see a collapse in prices.

I have read reports that the same money drove the bond market through the roof which in turn unleashed the mortgage lending which again collapsed.

I certainly believe OPEC will continue to cut off the supply but they have to I do not see prices rising back to anywhere near the levels they were a few months ago. BTW, filled up the wife's minivan on the way out for Thanksgiving at a mere $24.50. $1.59 now in Atlanta.

PA woodbutcher

The demand is already back up...just hasn't hit home yet. When gas was $2.50 traffic was up...had to wait to get out of some of the local parking lots. Gas hit $4.00 plus and you could look 1/4 mile in ether direction with no traffic. We are back down to $2.14 and again you can plan on waiting to get out of the parking lots..and good luck finding a passing zone where you can actually pass.

And Dirt your right we are still here, but now I'm spending more money on nice to have things rather than my gas tank. That in turn provides the "fuel" for more jobs. Imagine what the unemployment rate would have been at if the gas prices hadn't come back down.

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'The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so.' - Ronald Reagan

MALCO.New.York

Filled up in NJ yesterday at $1.73. Two months ago it was $4.55 in Brooklyn?

I guess that there IS something to be thankful for today!!!!



http://i212.photobucket.com/albums/c...k/IMG_0375.jpg



http://i212.photobucket.com/albums/c...k/IMG_0376.jpg

__________________
Something to One may be Nothing to another!

Ultimate Wisdom---------
http://www.youtube.com/watch?v=OW-cnizLDEE

apkole

Beginning of the week fueled up for $1.65. This morning at $1.50. Think we might be looking to be pretty close to rockbottom and heading back up.

WarnerConstInc.

Apparntly when it was 4+ a gallon the poor people couldn't afford to drive, now that is has dropped back off all the poor people are driving again, which leads to my conclusion... Poor people cant drive worth a darn!!!

Who cares how much it is or isn't just fill it up and shut up.

denick

If you look at the demand for personal car gas demand may go up with lower prices. If you look just at the construction business demand is so low the volume of gas and diesel not being consumed daily in the US only is staggering. Just look at all the trucks and equipment that have not moved this year. Machines that consume 20 gallons an hour that were working last year haven't moved this year. Sand and gravel pits that are running 1 to 2 trucks now instead of 5. There is a huge amount of fuel that is not getting used and won't for a while.

Thats only construction. How many factories are working 25% of the time. Etc..etc.. on and on.

Then look at the world I have joined an equipment forum in Europe and they are not doing well either.

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Nick

"Every day I remind myself that my inner and outer life are based on the labors of other men, living and dead, and that I must exert myself in order to give in the same measure as I have received and am still receiving" Albert Einstein

threaderman

Excellent point which I hadn't even considered.I know I'm still using my Ranger for estimating and when I reconnect appliances after inspections.

__________________
Joe ---International Code Council Member

Your plumbing & gas specialist proudly serving Oklahoma City OK, Moore, Warr-acres, Norman, Midwest City, Edmond, Bethany, Forest Park