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AP Oil analyst Tom Kloza said he expects to see retail prices below
$2 a gallon in some markets by the end of this year. Gas Prices Plummet Amid Falling Demand (AP) NEW YORK (Oct. 23) - The average retail price of a gallon of gasoline in the United States plunged more than 25 cents in the past two weeks, as refining capacity was restored and demand slowed, a survey showed Sunday. Still, prices remained slightly higher than pre-Hurricane Katrina levels. The national average for self-serve, regular unleaded gasoline was $2.6587 a gallon on Oct. 21, down about 25.3 cents per gallon from Oct. 7, according to the nationwide Lundberg survey of about 6,000 gas stations. "This is the biggest drop in a two week period that we have ever seen in our many decades surveying the gasoline market, survey editor Trilby Lundberg said. Supply is up due to restoration of refining capacity, which was damaged during Hurricanes Katrina and Rita, Lundberg said. Demand was dampened as consumers cut back on gasoline consumption in response to skyrocketing prices, as well as by evacuations of areas such as the Gulf Coast. Of the areas surveyed, Honolulu had the highest average price at $3.03 a gallon for self-serve, regular unleaded gas on Oct. 21, while the lowest average price was $2.20 a gallon in Tulsa, Oklahoma. Preliminary data shows gasoline demand is 2 percent to 3 percent lower than a year ago, Lundberg said. The current U.S. average price for a gallon of gasoline is just 3 cents above the pre-Katrina price, Lundberg said. "It's been a real roller coaster since then," she said. "The supply and demand were grossly out of balance and remain somewhat out of balance in the gas market,'' Lundberg said. "But that balance is normalizing as refining capacity is brought back up.'' Lundberg said she expected the cost-cutting to continue in the coming weeks unless an extreme winter drives up heating oil demand and affects the price of crude oil and its derivatives. Lundberg said Hurricane Wilma, which is bearing down on Florida after hitting Mexico, seems to be benign to gas supply, but not to gasoline demand. "The evacuations do remove some demand." 10-23-05 15:55 EDT |
And now....some good news
Good, now maybe someone can explain the predicted hike in natural gas
prices. |
And now....some good news
On Mon, 24 Oct 2005 17:22:59 +0000, Doug Kanter wrote:
Good, now maybe someone can explain the predicted hike in natural gas prices. Maybe? : http://www.culturechange.org/fall_pe...tural_gas.html |
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"OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : Good, now maybe someone can explain the predicted hike in natural gas prices. Uhhhh... winter's coming? What a moron. You must be one of the airheads who thought the majority of the hike in gasoline prices (BEFORE the hurricanes) was "China". The simple answer. |
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"thunder" wrote in message ... On Mon, 24 Oct 2005 17:22:59 +0000, Doug Kanter wrote: Good, now maybe someone can explain the predicted hike in natural gas prices. Maybe? : http://www.culturechange.org/fall_pe...tural_gas.html I don't know.....blue eyes says it's because of winter. But, the hikes being mentioned on the news are beyond the usual seasonal adjustments. He must be right, though. puke |
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Doug Kanter wrote:
"thunder" wrote in message ... On Mon, 24 Oct 2005 17:22:59 +0000, Doug Kanter wrote: Good, now maybe someone can explain the predicted hike in natural gas prices. Maybe? : http://www.culturechange.org/fall_pe...tural_gas.html I don't know.....blue eyes says it's because of winter. But, the hikes being mentioned on the news are beyond the usual seasonal adjustments. He must be right, though. puke They tell us around here that the price of natural gas is somehow linked to the price of oil. Lot of people were disappointed when our offshore gas came in and it wasn't worthwhile to convert oil furnaces to gas. Supposedly better to send all our gas stateside while we burn dirty coal for our electricity and oil for heating fuel. Go figure! |
And now....some good news
"Doug Kanter" wrote in message ... "OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : Good, now maybe someone can explain the predicted hike in natural gas prices. Uhhhh... winter's coming? What a moron. You must be one of the airheads who thought the majority of the hike in gasoline prices (BEFORE the hurricanes) was "China". The simple answer. The price of gasoline starts to rise in the middle of may and it usually descends in the middle of September. This year was an exception because of the hurricanes and the damage that those hurricanes wrought in the Gulf of Mexico. Now, the oil prices are starting to descend and of course the natural gass prices are starting to rise it really is starting to get cold. |
And now....some good news
"OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : "OlBlueEyes" wrote in message ... "Bert Robbins" wrote in news:TPidnT9XbdWp9sDeRVn- : The price of gasoline starts to rise in the middle of may and it usually descends in the middle of September. And that has absolutely NOTHING to do with the so-called "summer driving season". Think about it - the fuel needed to transport EVERY SCHOOL KID IN THE COUNTRY during September through May is FAR MORE than the fuel needed to transport small percentages of the population as they take ONE vacation. The real reason that gas prices go up in the summer is - you guessed it - GOVERNMENT. Due to a ridiculous patchwork of useless environmental regulations, there are about FORTY different gasoline formulations during the summer. Now, is it cheaper for refineries to crank out FORTY different formulas? Or ONE? I know nothing about what you said in that last paragraph, except that you said "ridiculous". Since you made the statement, you must be fairly well informed about these gasoline formulations. What's their purpose, and why are they particular to summer? Their supposed purpose is to reduce pollution and improve air quality. The stated reason that they're particular to summer is because hotter humid summer air is more prone to cause respiratory problems. Of course it also lets politicians (falsely) blame oil companies for "gouging" during the "summer driving season" (which, as I pointed out above, is NOT the time of heaviest motor fuel usage). And, these additives cause 20% price hikes? You should write to your elected representatives. |
And now....some good news
"OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : "OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : "OlBlueEyes" wrote in message ... "Bert Robbins" wrote in news:TPidnT9XbdWp9sDeRVn- : The price of gasoline starts to rise in the middle of may and it usually descends in the middle of September. And that has absolutely NOTHING to do with the so-called "summer driving season". Think about it - the fuel needed to transport EVERY SCHOOL KID IN THE COUNTRY during September through May is FAR MORE than the fuel needed to transport small percentages of the population as they take ONE vacation. The real reason that gas prices go up in the summer is - you guessed it - GOVERNMENT. Due to a ridiculous patchwork of useless environmental regulations, there are about FORTY different gasoline formulations during the summer. Now, is it cheaper for refineries to crank out FORTY different formulas? Or ONE? I know nothing about what you said in that last paragraph, except that you said "ridiculous". Since you made the statement, you must be fairly well informed about these gasoline formulations. What's their purpose, and why are they particular to summer? Their supposed purpose is to reduce pollution and improve air quality. The stated reason that they're particular to summer is because hotter humid summer air is more prone to cause respiratory problems. Of course it also lets politicians (falsely) blame oil companies for "gouging" during the "summer driving season" (which, as I pointed out above, is NOT the time of heaviest motor fuel usage). And, these additives cause 20% price hikes? Let's see YOUR company switch its manufacturing infrastructure from producing ONE product to producing FORTY and see if your costs remain constant. This assumes you work for a company, of course, rather than for a non- real-world job such as academia or government. Two separate issues: 1) If oil companies haven't streamlined a seasonal process by now, they have no business expecting customers to pay the price for their incompetence. 2) Academia isn't a real-world entity? Where are you sending YOUR kids for their edumikation? |
And now....some good news
"OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : "OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : "OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : "OlBlueEyes" wrote in message ... "Bert Robbins" wrote in news:TPidnT9XbdWp9sDeRVn- : The price of gasoline starts to rise in the middle of may and it usually descends in the middle of September. And that has absolutely NOTHING to do with the so-called "summer driving season". Think about it - the fuel needed to transport EVERY SCHOOL KID IN THE COUNTRY during September through May is FAR MORE than the fuel needed to transport small percentages of the population as they take ONE vacation. The real reason that gas prices go up in the summer is - you guessed it - GOVERNMENT. Due to a ridiculous patchwork of useless environmental regulations, there are about FORTY different gasoline formulations during the summer. Now, is it cheaper for refineries to crank out FORTY different formulas? Or ONE? I know nothing about what you said in that last paragraph, except that you said "ridiculous". Since you made the statement, you must be fairly well informed about these gasoline formulations. What's their purpose, and why are they particular to summer? Their supposed purpose is to reduce pollution and improve air quality. The stated reason that they're particular to summer is because hotter humid summer air is more prone to cause respiratory problems. Of course it also lets politicians (falsely) blame oil companies for "gouging" during the "summer driving season" (which, as I pointed out above, is NOT the time of heaviest motor fuel usage). And, these additives cause 20% price hikes? Let's see YOUR company switch its manufacturing infrastructure from producing ONE product to producing FORTY and see if your costs remain constant. This assumes you work for a company, of course, rather than for a non- real-world job such as academia or government. 1) If oil companies haven't streamlined a seasonal process by now, they have no business expecting customers to pay the price for their incompetence. "Streamlining the process" would mean ONE FORMULA, NOT FORTY to anybody with a brain. Nope. Plenty of other industries make seasonal adjustments to products and processes. You may crave simplicity (for reasons which are obvious to everyone except you), but in the grownup world, you won't get it. |
And now....some good news
"OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : "OlBlueEyes" wrote in message ... "Doug Kanter" wrote in : "OlBlueEyes" wrote in message ... "Bert Robbins" wrote in news:TPidnT9XbdWp9sDeRVn- : The price of gasoline starts to rise in the middle of may and it usually descends in the middle of September. And that has absolutely NOTHING to do with the so-called "summer driving season". Think about it - the fuel needed to transport EVERY SCHOOL KID IN THE COUNTRY during September through May is FAR MORE than the fuel needed to transport small percentages of the population as they take ONE vacation. The real reason that gas prices go up in the summer is - you guessed it - GOVERNMENT. Due to a ridiculous patchwork of useless environmental regulations, there are about FORTY different gasoline formulations during the summer. Now, is it cheaper for refineries to crank out FORTY different formulas? Or ONE? I know nothing about what you said in that last paragraph, except that you said "ridiculous". Since you made the statement, you must be fairly well informed about these gasoline formulations. What's their purpose, and why are they particular to summer? Their supposed purpose is to reduce pollution and improve air quality. The stated reason that they're particular to summer is because hotter humid summer air is more prone to cause respiratory problems. Of course it also lets politicians (falsely) blame oil companies for "gouging" during the "summer driving season" (which, as I pointed out above, is NOT the time of heaviest motor fuel usage). And, these additives cause 20% price hikes? Let's see YOUR company switch its manufacturing infrastructure from producing ONE product to producing FORTY and see if your costs remain constant. It is not just the production, but also delivery and balancing the supply and demand of those 40 different products. This assumes you work for a company, of course, rather than for a non- real-world job such as academia or government. |
And now....some good news
D-unit wrote:
AP Oil analyst Tom Kloza said he expects to see retail prices below $2 a gallon in some markets by the end of this year. Gas Prices Plummet Amid Falling Demand (AP) NEW YORK (Oct. 23) - The average retail price of a gallon of gasoline in the United States plunged more than 25 cents in the past two weeks, as refining capacity was restored and demand slowed, a survey showed Sunday. Still, prices remained slightly higher than pre-Hurricane Katrina levels. The national average for self-serve, regular unleaded gasoline was $2.6587 a gallon on Oct. 21, down about 25.3 cents per gallon from Oct. 7, according to the nationwide Lundberg survey of about 6,000 gas stations. "This is the biggest drop in a two week period that we have ever seen in our many decades surveying the gasoline market, survey editor Trilby Lundberg said. Supply is up due to restoration of refining capacity, which was damaged during Hurricanes Katrina and Rita, Lundberg said. Demand was dampened as consumers cut back on gasoline consumption in response to skyrocketing prices, as well as by evacuations of areas such as the Gulf Coast. Of the areas surveyed, Honolulu had the highest average price at $3.03 a gallon for self-serve, regular unleaded gas on Oct. 21, while the lowest average price was $2.20 a gallon in Tulsa, Oklahoma. Preliminary data shows gasoline demand is 2 percent to 3 percent lower than a year ago, Lundberg said. The current U.S. average price for a gallon of gasoline is just 3 cents above the pre-Katrina price, Lundberg said. "It's been a real roller coaster since then," she said. "The supply and demand were grossly out of balance and remain somewhat out of balance in the gas market,'' Lundberg said. "But that balance is normalizing as refining capacity is brought back up.'' Lundberg said she expected the cost-cutting to continue in the coming weeks unless an extreme winter drives up heating oil demand and affects the price of crude oil and its derivatives. Lundberg said Hurricane Wilma, which is bearing down on Florida after hitting Mexico, seems to be benign to gas supply, but not to gasoline demand. "The evacuations do remove some demand." 10-23-05 15:55 EDT So, are you suggesting that if 5 million NOers stop driving, the what, 5 million gallons a day drop in consumption, could bring down demand and price significantly? That would be, what, 100,000 barrels of gas per day? That would be good news, if only it affected people's perception of what a few percent decrease in demand could do to the oil guys. Mind you, other uses like disposable plastic packaging and other plastic junk also drives demand for oil. Reduce useage and wasteful packaging! Seems Wall-Mart might be announcing something along that line, what? Terry K |
And now....some good news
"Terry Spragg" wrote in message ... D-unit wrote: AP Oil analyst Tom Kloza said he expects to see retail prices below $2 a gallon in some markets by the end of this year. Gas Prices Plummet Amid Falling Demand (AP) NEW YORK (Oct. 23) - The average retail price of a gallon of gasoline in the United States plunged more than 25 cents in the past two weeks, as refining capacity was restored and demand slowed, a survey showed Sunday. Still, prices remained slightly higher than pre-Hurricane Katrina levels. The national average for self-serve, regular unleaded gasoline was $2.6587 a gallon on Oct. 21, down about 25.3 cents per gallon from Oct. 7, according to the nationwide Lundberg survey of about 6,000 gas stations. "This is the biggest drop in a two week period that we have ever seen in our many decades surveying the gasoline market, survey editor Trilby Lundberg said. Supply is up due to restoration of refining capacity, which was damaged during Hurricanes Katrina and Rita, Lundberg said. Demand was dampened as consumers cut back on gasoline consumption in response to skyrocketing prices, as well as by evacuations of areas such as the Gulf Coast. Of the areas surveyed, Honolulu had the highest average price at $3.03 a gallon for self-serve, regular unleaded gas on Oct. 21, while the lowest average price was $2.20 a gallon in Tulsa, Oklahoma. Preliminary data shows gasoline demand is 2 percent to 3 percent lower than a year ago, Lundberg said. The current U.S. average price for a gallon of gasoline is just 3 cents above the pre-Katrina price, Lundberg said. "It's been a real roller coaster since then," she said. "The supply and demand were grossly out of balance and remain somewhat out of balance in the gas market,'' Lundberg said. "But that balance is normalizing as refining capacity is brought back up.'' Lundberg said she expected the cost-cutting to continue in the coming weeks unless an extreme winter drives up heating oil demand and affects the price of crude oil and its derivatives. Lundberg said Hurricane Wilma, which is bearing down on Florida after hitting Mexico, seems to be benign to gas supply, but not to gasoline demand. "The evacuations do remove some demand." 10-23-05 15:55 EDT So, are you suggesting that if 5 million NOers stop driving, the what, 5 million gallons a day drop in consumption, could bring down demand and price significantly? That would be, what, 100,000 barrels of gas per day? That would be good news, if only it affected people's perception of what a few percent decrease in demand could do to the oil guys. Mind you, other uses like disposable plastic packaging and other plastic junk also drives demand for oil. Reduce useage and wasteful packaging! Seems Wall-Mart might be announcing something along that line, what? What's Wal Mart saying about packaging? Teaching their cashiers that a pack of gum doesn't require a bag? |
And now....some good news
Doug Kanter wrote:
Good, now maybe someone can explain the predicted hike in natural gas prices. Market forces. Price here has nothing to do with demand, NG is priced as a proportion of gas price, based on energy content. NG was vented for many years at oil wellheads, as uneconomical to pipeline, until pollution controls demanded that it be not discarded to the atmosphere. Yes, all that cast off methane over the last 50 years or so that is the real source of global warming! That dirty little secret fact forced the oilcos to promote and sell it, with back room legal protection from government action, 'cause we users demand to burn it. Ureka! Huge market for free-to-oilco-castoffs. Where is our class action suit? Webo knows. They get it for free, needed only package it. They saw no real useful demand until they made it available. Short sighted? Who? Not the oil guys, eh? Electric cars are coming. Electric shingles are coming. Salvation is at hand. The heathen oil guys are panicking, too stupid to get ahead of the curve, complacent, besotted in their unmanageable wealth, as fossillized as their source of wealth. Terry K |
And now....some good news
Keep drinking the kool-aid
"Terry Spragg" wrote in message ... Doug Kanter wrote: Good, now maybe someone can explain the predicted hike in natural gas prices. Market forces. Price here has nothing to do with demand, NG is priced as a proportion of gas price, based on energy content. NG was vented for many years at oil wellheads, as uneconomical to pipeline, until pollution controls demanded that it be not discarded to the atmosphere. Yes, all that cast off methane over the last 50 years or so that is the real source of global warming! That dirty little secret fact forced the oilcos to promote and sell it, with back room legal protection from government action, 'cause we users demand to burn it. Ureka! Huge market for free-to-oilco-castoffs. Where is our class action suit? Webo knows. They get it for free, needed only package it. They saw no real useful demand until they made it available. Short sighted? Who? Not the oil guys, eh? Electric cars are coming. Electric shingles are coming. Salvation is at hand. The heathen oil guys are panicking, too stupid to get ahead of the curve, complacent, besotted in their unmanageable wealth, as fossillized as their source of wealth. Terry K |
And now....some good news
"Gene Kearns" wrote in message
... On Wed, 26 Oct 2005 15:30:13 GMT, "Doug Kanter" wrote: What's Wal Mart saying about packaging? Teaching their cashiers that a pack of gum doesn't require a bag? There are a lot of good answers to the packaging problem that don't end with, ".....paper or plastic?" I wasn't comparing paper to plastic. They both have their pitfalls, in terms of environmental impact. But, what's indisputable is that cashiers very often give you your groceries in 19 plastic bags, when only 5 are necessary. Yeah...you can "advise" them, but what a pain. The best part: I commented recently to a teenager that considering how dependent we are on oil, it might be smart to ask people if they want a bag when they're buying just a loaf of bread and it's not raining outside. He was surprised to find that plastic originates with oil. What the hell are kids taught in school these days? "Be sure to wear a helmet when masturbating" ??? |
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