[a_Username]

Well, the good news is that the economy will miss a depression because of fixing that horrible deflation you hear about!

[KeepItGreasey]

Originally Posted by a_Username

Lol wut?

Lol Huh?

The demand for gasoline is constant. We aren't running out of oil. We aren't being forced to ration.

If supply and demand are stable, prices will be stable.

The demand is stable. But oil companies can (and have) cut back on production to artificially induce a shortage - aka... the supply goes down, so they raise the price (as if they were running out).

It's pretty much impossible to boycott the oil companies. This would require that you drive 0 miles per week, and buy nothing that has been transported by land, sea, or air.

[truth411]

Originally Posted by KeepItGreasey

Lol Huh?

The demand for gasoline is constant. We aren't running out of oil. We aren't being forced to ration.

If supply and demand are stable, prices will be stable.

The demand is stable. But oil companies can (and have) cut back on production to artificially induce a shortage - aka... the supply goes down, so they raise the price (as if they were running out).

It's pretty much impossible to boycott the oil companies. This would require that you drive 0 miles per week, and buy nothing that has been transported by land, sea, or air.

But demand is going up, China and India are a big part of that by my understanding.

[a_Username]

Originally Posted by KeepItGreasey

Lol Huh?

The demand for gasoline is constant. We aren't running out of oil. We aren't being forced to ration.

It is not. The graph of the demand for oil is always changing depending on a variety of factors. However, you're forgetting about the recent surge of Chinese and Indian demand for gas; this makes it far from "constant."

If supply and demand are stable, prices will be stable.

True, unless the banking system being implemented is inherently unstable.

The demand is stable. But oil companies can (and have) cut back on production to artificially induce a shortage - aka... the supply goes down, so they raise the price (as if they were running out).

Or, despite what random conspiracy theorists say, the unexpected demand for oil barrels causes the graph to shift right. This shift is a reflection of them doing many things from hiring new workers to even building a new refinery.

It's pretty much impossible to boycott the oil companies. This would require that you drive 0 miles per week, and buy nothing that has been transported by land, sea, or air.

It's not impossible, but it does require a lot of willpower to do so.

[Mr. Wyndham]

Originally Posted by a_Username

It is not. The graph of the demand for oil is always changing depending on a variety of factors. However, you're forgetting about the recent surge of Chinese and Indian demand for gas; this makes it far from "constant."

Well...demand is constantly increasing....

Originally Posted by a_Username

True, unless the banking system being implemented is inherently unstable.

Wouldn't it be more accurate to consider how oil is a commodity, bought and sold in the futures market via speculation rather than the banks? Or are you just talking in general?

[hot ss]

my camaro costs 80 bucks to fill with premium in canada, no pity for you.

[a_Username]

Originally Posted by Dragoneye

Well...demand is constantly increasing....

Depends on how you look at it. Day-to-day, it's pretty much everywhere considering not everyone in the world fills up in the same day, not every refinery fills up a barrel on the same day, etc. The wider the time period (e.g., day-to-day against years) the graph is based on the more constant it may seem.

Wouldn't it be more accurate to consider how oil is a commodity, bought and sold in the futures market via speculation rather than the banks? Or are you just talking in general?

I'm speaking generally as to try and not break any rules.

[a_Username]

Originally Posted by hot ss

my camaro costs 80 bucks to fill with premium in canada, no pity for you.

Makes me feel good; It only costs me around $55!

[Mr. Wyndham]

Originally Posted by a_Username

Depends on how you look at it. Day-to-day, it's pretty much everywhere considering not everyone in the world fills up in the same day, not every refinery fills up a barrel on the same day, etc. The wider the time period (e.g., day-to-day against years) the graph is based on the more constant it may seem.

At least one thing is for sure: Demand is certainly not going down. Not until something better comes along.

Originally Posted by a_Username

I'm speaking generally as to try and not break any rules.

Ah, I thought that might be the case. Thank you!

[Trailnut]

High prices = we can thank the Speculators for that.

Wonder how tough it would be to convert a gas engine over to natural gas??? I know they do it for work trucks.

[THE EVIL TW1N]

Originally Posted by PeeBee

...Gasoline (allthough we only have 95 and up here), is at €1.50+/litre...

our ratings for gasoline are different. But 95 over there is pretty much 91/93 here.

[LOWDOWN]

As the economy slowly starts to recover, up go prices...which puts upward pressure on interest rates to curb inflation...which puts upward pressure on prices...which...

Well, you get the idea...

[Dave Coyle]

Last I heard here in Michigan that the gas was going to reach $4.00 a gallon by summer. Not sure what 93 will cost but really doesn't matter, I bought the car to enjoy and if it costs $60-$70 to fill it, so be it. I don't use mine for a daily driver so a full tank will last me a couple weeks.

[a_Username]

Originally Posted by Trailnut

High prices = we can thank the Speculators for that.

Wonder how tough it would be to convert a gas engine over to natural gas??? I know they do it for work trucks.

Speculating is part of every industry and of every action, so if this were indeed the case then we would always have recessions.