Originally Posted By cmpaley >>Cheney repeatedly says, "Whatever the market will bare. The open market, without controls should dictate the price."<< Ah, and this is the truth about what Republicanism is all about. It's a form of idolatry (the worship of money). As a Catholic Christian, I disagree with socialism but I, with the Church, "refuse to accept, in the practice of 'capitalism,' individualism and the absolute primacy of the law of the marketplace over human labor" (From the Catechism of the Catholic Church §2425). There's a balance that must be attained.
Originally Posted By Beaumandy << Ah, and this is the truth about what Republicanism is all about. It's a form of idolatry (the worship of money). >> LOL
Originally Posted By Jim in Merced CA You might be able to get gasoline for $1.96 in Iowa. Big deal. Bottom line is, you're still in Iowa, for cryin' out loud. It's like getting cheap gas in Merced. [which you don't] But if you did, who gives a crap? -- you're still living in Merced!
Originally Posted By Beaumandy Analyst predicts plunge in gas prices By Kevin G. Hall McClatchy Newspapers WASHINGTON — The recent sharp drop in the global price of crude oil could mark the start of a massive sell-off that returns gasoline prices to lows not seen since the late 1990s — perhaps as low as $1.15 a gallon. "All the hurricane flags are flying" in oil markets, said Philip Verleger, a noted energy consultant who was a lone voice several years ago in warning that oil prices would soar. Now, he says, they appear to be poised for a dramatic plunge. Crude-oil prices have fallen about $14, or roughly 17 percent, from their July 14 peak of $78.40. After falling seven straight days, they rose slightly Wednesday in trading on the New York Mercantile Exchange, to $63.97, partly in reaction to a government report showing fuel inventories a bit lower than expected. But the overall price drop is expected to continue, and prices could fall much more in the weeks and months ahead. Here's why: For most of the past two years, oil prices have risen because the world's oil producers have struggled to keep pace with growing demand, particularly from China and India. Spare oil-production capacity grew so tight that market players feared that any disruption to oil production could create shortages. Fear of disruption focused on fighting in Nigeria, escalating tensions over Iran's nuclear program, violence between Israel and Lebanon that might spread to oil-producing neighbors, and the prospect that hurricanes might topple oil facilities in the Gulf of Mexico. Oil traders bet that such worrisome developments would drive up the future price of oil. Oil is traded in contracts for future delivery, and companies that take physical delivery of oil are just a small part of total trading. Large pension and commodities funds are the big traders and they're seeking profits. They've sunk $105 billion or more into oil futures in recent years, according to Verleger. Their bets that oil prices would rise in the future bid up the price of oil. That, in turn, led users of oil to create stockpiles as cushions against supply disruptions and even higher future prices. Now inventories of oil are approaching 1990 levels. But many of the conditions that drove investors to bid up oil prices are ebbing. Tensions over Israel, Lebanon and Nigeria are easing. The hurricane season has presented no threat so far to the Gulf of Mexico. The U.S. peak summer driving season is over, so gasoline demand is falling. With fear of supply disruptions ebbing, oil prices began sliding. With oil inventories high, refiners that turn oil into gasoline are expected to cut production. As refiners cut production, oil companies increasingly risk getting stuck with excess oil supplies. There's already anecdotal evidence of oil companies chartering tankers to store excess oil.
Originally Posted By DouglasDubh <According to the website, the Iowa state average is about 20 cents below the national average, which could be explained by lower gas taxes.> A lot of the plains states add ethenol to their gasoline, which makes it cheaper.
Originally Posted By vbdad55 Much of the gas prices in large cities are taxes - depending where in Iowa ( or maybe not even depending where)- the tax rates would be lower - by us we have state, county, city etc -- inside the city of Chicago gas prices can be 30 cents a gallon more than a nearby suburb...easily
Originally Posted By YourPalEd <<<You might be able to get gasoline for $1.96 in Iowa. Big deal. Bottom line is, you're still in Iowa, for cryin' out loud.>>> Sort of like prison food being free. No offense to the wonderful citizens who live in america's beautiful flat state of iowa. I love corn, especially popped.
Originally Posted By YourPalEd The music man, my favorite american musical, takes place in iowa, you know. You really aught to give iowa a chance.
Originally Posted By SingleParkPassholder "gas by me today from 2.81 to 3.09 - regular to premium" Just about the same here in Long Beach.
Originally Posted By YourPalEd I'm thinking of opening a posh gas station for the rich. My gas will be $40 a gallon. You get a free starbucks latte, mocha extra.
Originally Posted By Beaumandy Rush would go there. He likes to pay as much as possible for gas ( Malibu ) because he can.
Originally Posted By YourPalEd <<<Rush would go there. He likes to pay as much as possible for gas ( Malibu ) because he can.>>> Okay, i changed my mind.
Originally Posted By Beaumandy I have Iowa State +14 points against Iowa. Iowa State is up 14-10 and everyone got to drive to the game with cheap gas. Looks like my $200 is in the bag.
Originally Posted By Jim in Merced CA <Rush would go there. He likes to pay as much as possible for gas ( Malibu ) because he can.> Wow. Rush Limbaugh gets my 'what-a-guy' award for the week. In my experience, it's the rich people of the world who are most adverse to parting with their money. I can see Rush heading into Encino searching for $1.49 a gallon
Originally Posted By DAR Beau Iowa State always gives Iowa problems. <<In my experience, it's the rich people of the world who are most adverse to parting with their money>> I make about 45k a year and I'm pretty adverse too.
Originally Posted By Beaumandy <<I can see Rush heading into Encino searching for $1.49 a gallon>> LOL, yep.. In his hybrid roller skate car.
Originally Posted By Beaumandy Iowa state looks pretty good. The lat Iowa touchdown before halftime didn't fire me up though. I am taking Nebraska to cover the 17 against USC. Taking the Oregon Ducks ( -5 ) to beat Oklahoma.. where the wind comes.. forget it. My dad put $500 on Oklahoma!!!!!! Also bet against BYU who is playing Boston College now. I figured BYU going to the East coast for an early game would be tough for them. Those Mormons however are real gamers.
