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Good news!

Posted by maggie2094 (My Page) on
Wed, Nov 13, 13 at 14:53

Woot!

Gas prices are the lowest they have been in three years putting more money in people's pockets as the economy continues to grow. My retirement account is skyrocketing as Wall Street booms!! The deficit is dropping at its fastest rate since WWII.

Everyone's happy about this?


Follow-Up Postings:

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RE: Good news!

I am, Maggie. Gas prices here are $3.17 but in some places in the country under $3. Wall Street is booming, and we have over a 20% increase in our resources this year from investments.

But you won't hear this over at Fox News.


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RE: Good news!

Everybody but Mitt Romney who predicted that Wall Street would suffer if Obama was re-elected.


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RE: Good news!

I admit, I am not getting too excited yet. Gas is $2.91 a gallon here which is nice, but I am wondering how long it will stay that way. The deficit going down, again a good thing. Wall Street? Kind-of ambivalent on that one. This family has a few years of difficulties that they are recovering from still so all I can do is hope that things continue to improve and that some of that improvement trickles down to our neck of the woods.


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RE: Good news!

We don't drive much so little changes in the cost of gasoline is close to meaningless. Likewise hardly any money in the stock market so that matters little as well.

I don't know whether government debt matters or not, cases are made for it and against it.


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RE: Good news!

Gas is down to $3.05. $3.03 at one place on the far side of down town that always undercuts everyone else by 2 cents.

Investments are doing great.


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RE: Good news!

And I thought liberals here were against the GREED that makes Wall Street boom. Hmmmmmmmmmm...I guess not. Hypocrites.

Wall Street is stealing public pensions. Yay!

Gasoline is still too high for those in poverty. Or have we forgotten about those poor people?

How much money did the poor invest in Wall Street this year?

I'm posting this as a reminder how hypocritical you are.

Here is a link that might be useful: Stealing Public Pensions.


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RE: Good news!

$3.39 here with the local refinery monopoly, which made a profit of $500 million last year using local wells and local gas stations to charge world prices.

When asked last week about how come their prices were still 25¢ above everybody else in the country, they said We don't like to discuss it.


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RE: Good news!

Brush, why always so angry and touchy.

I agree with Elizabeth Warren that Financial reform didn't nearly go as far as it should and too big to fail is bigger than ever. Unfortunately, reform was obstructed and watered down. We still have big problems but I know this 3 are hot button topics for conservatives and all are positive so they should be happy.


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RE: Good news!

Maggie,

I hope your recovery is going well.

I'm not angry, just disappointed by all the false promises given during campaign speeches, with no intention to change things for the American people. I don't bow to a few crumbs tossed my way. If you promise to "fix" what's broken, then do it. Or else be considered a liar.


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RE: Good news!

Brush , ti's one thing to be disappointed in the President and calling us hypocrites.......which is something you often do.


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And you tell many lies to make that case? Okayyyy


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RE: Good news!

Chase,

Cheering Wall Street today (because they put some money in your pocket) after accusing them of being cheaters and thieves yesterday, is hypocritical.

I'm sorry if you fit in that category.

Obama promised to make them pay. Instead, he paid them. That too is hypocritical. Or a lie, whichever you prefer.


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RE: Good news!

Not a clue how government works and why financial reform failed.

No discussions here can take place as adults when certain certain members always insist on making broad ideological statements to try and make themselves feel better.

Talk about hypocrites.


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RE: Good news!

If you love it, hug a speculator?

"$3.39 here with the local refinery monopoly, which made a profit of $500 million last year using local wells and local gas stations to charge world prices.
When asked last week about how come their prices were still 25¢ above everybody else in the country, they said We don't like to discuss it."

Dave, sounds like a good investment opportunity for some enterprising "progressive".

What's holding you back?

There must be something l'm missing.

If I were making money, I'd be shy about discussing it with a "progressive". They'd somehow make it into something evil.

Hay


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RE: Good news!

I'd rather see less energy consumption, so low gasoline prices kind of run against that agenda.

IMO the rise in the Dow is too much, too fast -- although many who bailed at the bottom are still resisting a return to the Casino.


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RE: Good news!

It's all one big Ponzi scheme to suck up as much money and assets as possible before the next "adjustment". Then repeat.


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RE: Good news!

They own the refineries, pipelines, and the most of the gas stations here, and the ones they don't own buy their gas from them anyway, resulting in a practical monopoly.

Read about them at the link - Its a great investment, ripping off the rural rubes in the Four Corners.

Whats funny? Everytime the prices get completely out of whack, some intrepid reporter or irate customer looks around and posts in the paper how the same company is selling gas for a whole lot less at stations further away from the refinery, sees that we're being ripped off 30 cents a gallon over everybody else in the area, and suddenly, like almost overnight? The price drops way down.

Thats happening now - we're down to $3.28 as of yesterday.

/mysterious market forces. ayup.

Here is a link that might be useful: link


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RE: Good news!

Anyone risk averse shouldn't be in the market. But if those who bailed had waited it out a bit, losses would have been made up... with the added benefit of gains.


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RE: Good news!

Anyone risk averse shouldn't be in the market.

You're reading her words right now!

Gas is .30+ cents a gallon cheaper in Oxnard than the cheapest stations in West Los Angeles. Locally we have a .25 cent variance between brands and stations and proximity to the beach and freeways.


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RE: Good news!

From your link, Dave.

"Refining Segment:

The Company competes with Valero Energy Corp., ConocoPhillips Company, Alon USA Energy, Inc., HollyFrontier Corporation, Tesoro Corporation, Chevron Products Company and Suncor Energy, Inc.

Wholesale Segment:

The Company competes with Pro Petroleum, Inc., Southern Counties Fuels, Union Distributing, Brown Evans Distributing Co., Maxum Petroleum, Inc., Shell Oil Company, BP Oil, CITGO Petroleum Corporation, Valero Energy Corporation and Exxon Mobil Corporation.

Retail Segment:

The Company competes with Valero Energy Corp., Alon USA Energy, K&G Markets, Murphy Oil, Maverik, Circle K, Brewer Oil Company, Quik-Trip, ampm, 7-2-11 food stores, Costco Wholesale Corp. and Wal-Mart Stores, Inc."

Doesn't sound like a monopoly to me.

I think you, (and me, to some extent), live in the middle of nowhere. If I buy gas at the local station, just down the road, I pay one price. I can go to the next town over in one direction and get it for about 10 cents cheaper. If I go to the large town over in the other direction, I can get it for 20 cents cheaper.

I have the exact same problem if I want to buy a dozen eggs.

I do a lot of my shopping going back and forth to my dancing in the civilized parts of the world.

I suspect it has more to do with the volume of business and the cost of getting all that gas up and down the mountains than it does with any monopoly and evil corporations.

I think you need to get a new pair of glasses. Your old pair seems to distort things too much. I bought some for only $5 at Walmart last month. They might cost more at the gas station down the road from you.

Gotta do some work. Me and the squirrels gotta get ready for winter.

Hay


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RE: Good news!

Ah, but thats on a national scale. Here, these supposedly competing companies have no presence anywhere near here. They own all the stations in town except two, and they buy their gas from them anyway. There are, what, 12 gas stations in town and they all have identical prices.

As for living in the middle of nowhere, thats the problem - my nearest towns of any size (>2000 people) are 55 miles away to the east, 100 miles away to the SE, 135 miles to the south, and I guess Moab, 95 miles to the north.

And gas is 10 to 20 cents cheaper in all of these towns than it is here, even though we're closer to the refinery.

What irks me is the trucks from their refinery in Gallup drive past us, all the way up to Grand Junction, 220 miles to the north, and sell the fuel cheaper up there than here. The Grand Junction market has a train that brings their fuel in.


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RE: Good news!

Different prices in other commodities and products, I can see a 10c spread in places around here.

What's the big deal?

Fuel is still way cheaper than in Europe.


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Around here, prices for regular octane range from about
$3.40 to 4, over a distance of less than 20 miles. Often the same tankers are refueling with the same fuel, regardless of the retail price. One place that I often refuel at, buys "extra" fuel still remaining in tankers at the end of their runs. These tankers are dispatched by the few remaining independents, according to the owner.


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RE: Good news!

"If I were making money, I'd be shy about discussing it with a "progressive". They'd somehow make it into something evil."

You know, Hay, if my thinking processes were as fuzzy as yours seem to be, I would really hesitate before pronouncing what someone slse thinks or how they will react.
Otherwise, you just seem to be answering the demons that exist in your own mind. Just saying.


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WE ARE JUST BEING hayed.


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RE: Good news!

I agree with demi, these little price differences are much ado about nothing.

A sound economy would allow a reasonably frugal family to live a median lifestyle on one full-time income. That isn't the case now, and won't be again until the economy fully reconciles with energy descent, which means the vast destruction of debt and returning currency to a representation of labor instead of fossil fuel energy-backed debt.


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RE: Good news!

david: "Ah, but thats on a national scale. Here, these supposedly competing companies have no presence anywhere near here. They own all the stations in town except two, and they buy their gas from them anyway. There are, what, 12 gas stations in town and they all have identical prices."

Same here, david. 7 miles up the road: cheaper. 20 miles west: cheaper. 25 miles down the road: cheaper. It's always been that way in this town. ;-(

_______

brown: "A sound economy would allow a reasonably frugal family to live a median lifestyle on one full-time income. That isn't the case now, and won't be again until the economy fully reconciles with energy descent, which means the vast destruction of debt and returning currency to a representation of labor instead of fossil fuel energy-backed debt."

Here, here.


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RE: Good news!

I remember how Bill Vincent thought the president was manipulating the gas prices...Must be election time.


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RE: Good news!

"You know, Hay, if my thinking processes were as fuzzy as yours seem to be, I would really hesitate before pronouncing what someone slse thinks or how they will react.
Otherwise, you just seem to be answering the demons that exist in your own mind. Just saying."

I wish you wouldn't do that to me. I'm out for the evening and all night long I'm hearing this voice in my head, "Fuzzy Wuzzy was a bear. Fuzzy Wuzzy had no hair. Fuzzy Wuzzy wasn't fuzzy, was he?".

Hay


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RE: Good news!

Posted by ninamarie 4Ont. (My Page) on
Thu, Nov 14, 13 at 12:48

"If I were making money, I'd be shy about discussing it with a "progressive". They'd somehow make it into something evil."

You know, Hay, if my thinking processes were as fuzzy as yours seem to be, I would really hesitate before pronouncing what someone slse thinks or how they will react.
Otherwise, you just seem to be answering the demons that exist in your own mind. Just saying.

*

A man like Hay taking advice from someone like Ninamarie?

Hay, say it ain't so!


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RE: Good news!

I was going to say the same thing, alex. But, I believe it was more than just Bill saying that.


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RE: Good news!

So does that mean the president gets credit for dropping prices?

The US just hit a huge milestone, we are now producing more oil than we import.


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RE: Good news!

So, its ok to be ripped off if its only a few bucks every time I buy gas.

Me and the other thousands of people who buy gas here.


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RE: Good news!

"So, its ok to be ripped off if its only a few bucks every time I buy gas.
Me and the other thousands of people who buy gas here."

Ripped off? Open up your own gas station and beat their price.

Or pay someone to go over to the next town and fill up your car for you.

Hay


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RE: Good news!

I just love that option. Go down to a hot corner on mainstreet and build yourself a fueling station like in the old days and stock it with inexpensive fuels and watch all your friends and neighbors come to gas up.

I wouldn't recommend that for myself because of the aggravation and years and costs of opening a new gas station, assuming I could even get a permit to build a new one or re-open the many former gas stations that used to dot the urban landscape when gasoline was a third of its current price or lower.

Around here nearly all the stations are owned by and leased from a major or regional fuel supplier. "Gas wars" are the stuff of history now. Collusion on pricing and patterns of ownership are evident, part of big businesses getting bigger.

I do like Hay's recommendation of hiring someone cheaply to drive the 40 mile round trip to gas up your pickup to save $2.00 on the fill-up cost of the gas. Our Hay is a sharp dude. The $2.00 savings would only cost maybe $10 labor, $6.00 for fuel usage and another few dollars in depreciation. But think of the convenience. What price convenience?


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RE: Good news!

"So does that mean the president gets credit for dropping prices? "

Maggie , don't you realize the President has ordered the gas prices dropped to deflect from Obamacare?


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"Our Hay is a sharp dude. The $2.00 savings would only cost maybe $10 labor, $6.00 for fuel usage and another few dollars in depreciation."

You're right. Sounds like Dave may be getting a good price after all.

Hay


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Maggie , don't you realize the President has ordered the gas prices dropped to deflect from Obamacare?

It's actually a bit surprising that someone hasn't suggested that!


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Yes, Haymoreoften, David would be better served if the bulk fuel came to his town for everyone to enjoy the local cheaper fuel rather than everyone drive many miles to fill up on a bit cheaper gas or diesel. Which was his point.


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RE: Good news!

OK, Dave and his town folk friends should buy the gas station and lower the price.

He and his friends could always build their own refinery if that doesn't work.

What's your solution to this terrible injustice?


Hay


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RE: Good news!

Well, I'd be more inclined to buy a few solar panels and an electric car and tell them tell them to shove it.

You can look it up on a map, but if you don't want to bother, picture a capital letter 'L' inverted. At the bottom is Gallup, NM, where the refinery is. At the corner are all the stations chez moi. And at the end of the short leg is Durango. The gas trucks drive through here to get to Durango, where the price is 15¢ a gallon less.

But hey, as noted above, once some intrepid reporter gets on the story and points out the rip off in the newspaper, the prices suddenly go down. And they did, and I saw one yesterday - cash at $3.15.

The wonders of a free press, throwing light into the darkest corners of monopolistic thievery, the rats scurry out with their long poles and change their prices on the big signs, closer to their actual distribution costs.


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RE: Good news!

There is no solution. Folks that have lived in marginal areas (rural or urban) have always gotten the shaft, whether from private enterprise or governments. Not enough money, consumers or votes to entice more "just" results.


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Well, how about they just raise the price in Durango.

Hay


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Just have the customers sign over the customers' mortgages or their first born to the fueling companies. Entice all the companies to lower the price by 15 cents for one year.


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RE: Good news!

Posted by haydayhayday none (My Page) on
Sat, Nov 16, 13 at 12:38

Well, how about they just raise the price in Durango.

Hay
*

Yea let's redistribute suffering.


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RE: Good news!

These recent data from the US dept of energy don't agree with this media-spread idea that we are exporting more "oil" than we are importing:

Here is a link that might be useful: still a big net importer


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