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Keeping the price of gas low

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Mike Oxlong
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Keeping the price of gas low

Post by Mike Oxlong » Thu Jan 21, 2021 8:36 pm

So I read someone posting something on another blog. I'll not get it exact, but here ya go:

Even the slightest reduction in gas consumption will make the price of gas fall.
Everyone just doing the speed limit would make the price of gas fall.
This person (don't know if it was a guy or a gal) says even a slight drop in consumption will cause a big backup in the supply chain. Freighters would be sitting full waiting to unload. Refineries would have nowhere to put the product because their tanks aren't getting emptied. Excess capacity would make the price drop.

You get the idea. They said the worse thing people can do when the TV says the price is going up is run out and fill up. Do just the opposite. Only get what you really need when they say the price is going up, and it never will. It will drop instead.

I thought it interesting. Basically causing a backup would drop the price.
Just thought I'd let my fellow Buzzboarders ponder it.


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Turkeytop
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Re: Keeping the price of gas low

Post by Turkeytop » Thu Jan 21, 2021 8:46 pm

The market is more complex than that. The oil Companies will use any pretext as an excuse to increase pump prices. Frost in Brazil, flooding in Asia, the death of a third world despot, a celebrity divorce - - - -



Realist
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Re: Keeping the price of gas low

Post by Realist » Thu Jan 21, 2021 9:13 pm

I think there is SOME legitimacy to that thought. Think of what happened last spring when COVID initially hit, places closed up and we were all told to stay home. Gas hit under a $1 a gallon in several places because consumption by American drivers nose dived. It just went back over $2 a gallon just before Christmas


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kager
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Re: Keeping the price of gas low

Post by kager » Fri Jan 22, 2021 5:36 am

Interesting theories... but I think the discount is about over.

The recent marionette change in DC alone means fuel prices will rise.


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Rate This
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Re: Keeping the price of gas low

Post by Rate This » Fri Jan 22, 2021 6:03 am

kager wrote:
Fri Jan 22, 2021 5:36 am
Interesting theories... but I think the discount is about over.

The recent marionette change in DC alone means fuel prices will rise.
I doubt it. Recall that even in 2014 or 15 gas was briefly down to $1.50 or less when oil cratered. That was under Obama. With low demand and a greater supply due to improved ways of extracting the oil you won’t see massive spikes. Recall too that the record for gas prices came under Bush in 2008. Party matters not a whit here.



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TC Talks
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Re: Keeping the price of gas low

Post by TC Talks » Fri Jan 22, 2021 6:06 am

When 40% of office workers no longer have to commute, you get $2 gas AND oil production in Texas grinds to a trickle.


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kager
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Re: Keeping the price of gas low

Post by kager » Sun Jan 24, 2021 9:57 am

That much, eh?

W@H orders that started ~10 months ago made a stark difference in consumption / prices, but it sure seems like traffic around here has bounced back to near-normal levels. Not that the gold coast here in da Mitt is a harbinger of the nation's need / desire to drive, and I wouldn't necessarily call it consistent, but the Uber-xxxx-less still gotta get to the ski slopes / Take Out place & back some way.
sir postsalot wrote:
Fri Jan 22, 2021 6:03 am
kager wrote:
Fri Jan 22, 2021 5:36 am
Interesting theories... but I think the discount is about over.

The recent marionette change in DC alone means fuel prices will rise.
I doubt it. Recall that even in 2014 or 15 gas was briefly down to $1.50 or less when oil cratered. That was under Obama. With low demand and a greater supply due to improved ways of extracting the oil you won’t see massive spikes. Recall too that the record for gas prices came under Bush in 2008. Party matters not a whit here.
May be off a bit...
https://www.statista.com/statistics/204 ... ince-1990/


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craig11152
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Re: Keeping the price of gas low

Post by craig11152 » Sun Jan 24, 2021 10:10 am

Threads like this give me fond memories of my recently departed younger brother (RIP Jimbo). We had a phrase to describe certain individuals. That phrase was "worlds foremost".
Worlds foremost?
Worlds foremost authority.
worlds foremost authority on what?
On whatever the topic is.


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Rate This
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Re: Keeping the price of gas low

Post by Rate This » Sun Jan 24, 2021 11:05 am

craig11152 wrote:
Sun Jan 24, 2021 10:10 am
Threads like this give me fond memories of my recently departed younger brother (RIP Jimbo). We had a phrase to describe certain individuals. That phrase was "worlds foremost".
Worlds foremost?
Worlds foremost authority.
worlds foremost authority on what?
On whatever the topic is.
Which particular people are you referring to?

Of course we could all just shut up and let you do the talking... clearly you have a better idea than the rest of us on this.



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craig11152
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Re: Keeping the price of gas low

Post by craig11152 » Sun Jan 24, 2021 12:00 pm

Rate This wrote:
Sun Jan 24, 2021 11:05 am
craig11152 wrote:
Sun Jan 24, 2021 10:10 am
Threads like this give me fond memories of my recently departed younger brother (RIP Jimbo). We had a phrase to describe certain individuals. That phrase was "worlds foremost".
Worlds foremost?
Worlds foremost authority.
worlds foremost authority on what?
On whatever the topic is.
Which particular people are you referring to?

Of course we could all just shut up and let you do the talking... clearly you have a better idea than the rest of us on this.
Which particular people are you referring to?
Nobody in particular.
Of course we could all just shut up and let you do the talking.
I didn't ask or suggest anybody should shut up.
clearly you have a better idea than the rest of us on this.
If I did I'd offer it but I'm not the worlds foremost.
My problem is the frequency in which people confuse their opinions with "facts".


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Rate This
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Re: Keeping the price of gas low

Post by Rate This » Sun Jan 24, 2021 12:01 pm

craig11152 wrote:
Sun Jan 24, 2021 12:00 pm
Rate This wrote:
Sun Jan 24, 2021 11:05 am
craig11152 wrote:
Sun Jan 24, 2021 10:10 am
Threads like this give me fond memories of my recently departed younger brother (RIP Jimbo). We had a phrase to describe certain individuals. That phrase was "worlds foremost".
Worlds foremost?
Worlds foremost authority.
worlds foremost authority on what?
On whatever the topic is.
Which particular people are you referring to?

Of course we could all just shut up and let you do the talking... clearly you have a better idea than the rest of us on this.
Which particular people are you referring to?
Nobody in particular.
Of course we could all just shut up and let you do the talking.
I didn't ask or suggest anybody should shut up.
clearly you have a better idea than the rest of us on this.
If I did I'd offer it but I'm not the worlds foremost.
My problem is the frequency in which people confuse their opinions with "facts".
But surely you can cite examples in this very thread...



MotorCityRadioFreak
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Re: Keeping the price of gas low

Post by MotorCityRadioFreak » Mon Jan 25, 2021 6:22 pm

craig11152 wrote:
Sun Jan 24, 2021 10:10 am
Threads like this give me fond memories of my recently departed younger brother (RIP Jimbo). We had a phrase to describe certain individuals. That phrase was "worlds foremost".
Worlds foremost?
Worlds foremost authority.
worlds foremost authority on what?
On whatever the topic is.
Yep. It's called the Dunning Kruger effect and is rampant in these Q Anon idiots. They craft their reality based on a kernel of truth and the rest is all fear driven. They say COVID is fake while ignoring the science. It is a true epidemic.


My mom taught me an ounce of prevention is worth a pound of cure. It's too bad Repubes don't believe in prevention for COVID, but they can deny someone water waiting in a line to vote.

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craig11152
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Re: Keeping the price of gas low

Post by craig11152 » Tue Jan 26, 2021 8:24 am

MotorCityRadioFreak wrote:
Mon Jan 25, 2021 6:22 pm
craig11152 wrote:
Sun Jan 24, 2021 10:10 am
Threads like this give me fond memories of my recently departed younger brother (RIP Jimbo). We had a phrase to describe certain individuals. That phrase was "worlds foremost".
Worlds foremost?
Worlds foremost authority.
worlds foremost authority on what?
On whatever the topic is.
Yep. It's called the Dunning Kruger effect and is rampant in these Q Anon idiots. They craft their reality based on a kernel of truth and the rest is all fear driven. They say COVID is fake while ignoring the science. It is a true epidemic.
Actually its got nothing to do with the Dunning Kruger effect , which I had to look up.
But thanks for making my point.


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Bryce
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Re: Keeping the price of gas low

Post by Bryce » Tue Jan 26, 2021 8:35 am

craig11152 wrote:
Tue Jan 26, 2021 8:24 am

But thanks for making my point.
:rollin


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kc8yqq
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Re: Keeping the price of gas low

Post by kc8yqq » Thu Jan 28, 2021 7:10 am

I think Red Green can help here: https://www.youtube.com/watch?v=RLd6174bz2k



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