Inmate Central

RE: there won't be a price hike at the pump

184.167.108.119

genungo

In Reply to: RE: With oil prices in decline there won't be a price hike at the pump. Gasoline prices are tied posted by Road Warrior on October 14, 2014 at 11:51:49

I'll believe it when I see it.

Follow Ups:

I shoud have said, "Without a rise in oil prices, no appreciable rise in prices at the pump) Thr - Road Warrior 14:29:11 10/14/14 (1)
There'll always be price fluctuations of a few cents unrelated to refineries' cost of oil due mainly to regional supply/demand. Also, refineries require constant maintenance and literally go offline periodically for non routine maintenance due to the fact that they're, literally, explosive. When a refinery in an area is down for a few days-weeks, prices in the area will rise. Picture is of what happens when refineries aren't maintained
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"E burres stigano"
- RE: I shoud have said, "Without a rise in oil prices, no appreciable rise in prices at the pump) Thr - Inmate51 08:47:07 10/16/14 (0)
  WTI is currently at $81.38 for November delivery. It was at $80.52 earlier this morning. Brent is at $84.07.
  A couple years ago or so, T. Boone Pickens said he expected to see $80 oil before $140 oil. Right again, Boone!
  Surely, the lackluster and even recessional economies in the U.S., Europe, and South America have NOTHING to do with it.
  Demand is down, so prices are down. It's not rocket science. For the inside scoop on oil, listen to Ed Wallace's "O" report on his show "Wheels" Saturday mornings from 8 am to 1 pm Central on KLIF 570 in Dallas, or go to his website insideautomotive.com, where you can listen to the live stream.
  Using the rule of thumb "buy low, sell high", this may be a good time to buy some oil stocks.
  :)
  
  Edits: 10/16/14 10/16/14

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