12-01-2016, 09:51 AM | #29 |
Drives: 16' Camaro E-Force SS Join Date: Jul 2016
Location: Morgan Hill, Ca
Posts: 836
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always funny how quickly gas prices shoot up on news like this, and how SLOWLY they go down when there's news opposite of this.
Gas station owners will start jacking up prices even if their costs havent changed. |
12-01-2016, 09:59 AM | #30 | |
Drives: 2011 2SS/RS LS3 Join Date: Nov 2011
Location: Torrance
Posts: 14,402
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Quote:
...It's not just OPEC that influences the supply....Russia, Venezuela, Mexico...This price per barrel and expected jump in pump prices depends on all parties world-wide limiting oil production...It won't hold together for long at all...The temptation to "cheat" on their own agreements is too great for them to avoid the temptation. The US will finally get serious about energy independence to avoid wild fluctuations caused from foreign production quotas.... |
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12-01-2016, 10:00 AM | #31 |
San Diego Head Tuners
Drives: 2016 Camaro 1SS ,NPP,MagRide, A8 Join Date: May 2009
Location: Temecula, CA
Posts: 2,440
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Yep, funny how that works
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12-01-2016, 10:58 AM | #32 |
Drives: 16' 1SS M6 Join Date: Oct 2015
Location: GA
Posts: 566
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I drive like 5k a year in my camaro-np.
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12-01-2016, 11:11 AM | #33 |
Drives: 2016 Black 2SS SVE Supercharged Join Date: Nov 2016
Location: Sarver, Pa
Posts: 50
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Wish I would have bought more oil stock....
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12-01-2016, 11:21 AM | #34 |
Bump in the night
Drives: '84 Monte Carlo SS, '15 Optima Join Date: Oct 2015
Location: U.S.A.
Posts: 744
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It would have been a bad buy. OPEC is going to drown in their own oil and they're just grasping for straws at this point. They now control so little of the world oil supply that this just amounts to a last ditch temper tantrum.
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12-01-2016, 12:00 PM | #35 | |
Drives: 1SS, A8, MRC, NPP, Blade Spoiler Join Date: Jun 2010
Location: MD
Posts: 1,485
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Quote:
That's why the Saudi's are developing natural gas and solar resources as we speak. The writing is on the wall, and they are diversifying. So, a savvy investor could stand to make some money, but not by blindly buying any old energy stock. You would have to pick ones related to drilling activity and the services that support that. And of those, you have to pick ones that know what they are doing, and are financially fit to do so. AND, you have to find one that others have not already found yet. That's lots of ifs... |
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12-01-2016, 12:28 PM | #36 |
Sure, why not?
Drives: 2016 Camaro 2SS, Jeep JKU Rubicon Join Date: Mar 2015
Location: SE Mass
Posts: 1,538
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OPEC is not the 800 lb gorilla they used to be. US production is going to increase. We may see some rise in pricing, but I don't think it will be too bad.
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12-01-2016, 12:37 PM | #37 |
Drives: 2016 Camaro 2SS Join Date: Oct 2015
Location: Seattle
Posts: 535
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I paid $2.99 per gallon yesterday for 92. This is normal here. I get quite jealous when I see postings of prices sub $2, I haven't seen that on 87 in years.
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12-01-2016, 12:39 PM | #38 | |
Drives: 2016 2SS Join Date: Mar 2016
Location: Spring
Posts: 178
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Quote:
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12-01-2016, 12:39 PM | #39 |
Drives: 2017 SS 1LE, 2017 Volt, 2013 Pilot Join Date: May 2014
Location: Colorado
Posts: 4,274
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When the wind blows the wrong way in the Middle East, gas companies will jump the price of gas by $1.00 a gallon, i'm sure they are foaming at the mouth with this news. $4.00 a gallon by Jan 2017.
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12-01-2016, 12:43 PM | #40 |
Drives: 16 Mosaic Black 2SS Join Date: Oct 2016
Location: Snohomish, WA
Posts: 31
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Not going to change my driving habits... That would be un-American.
I recall in 2008 when gas crept past $4 a gallon... I was stationed in Guam and we saw prices above $5 a gallon... It was insane. Then the solar market started making major strides... Hybrids that were previously laughed at became standard fare. Auto makers cried for a bailout. Chevy said the Volt was the future. While I am ambivalent, there is a special nostalgia to seeing the prices go back up. I do hope it brings back solar and alternative fuel/energy research and development. I don't plan on getting rid of my 2SS because of it, but I'll be fine if everyone else is driving a Prius. |
12-01-2016, 12:56 PM | #41 |
Drives: 2016 Camaro 2SS Join Date: Jun 2016
Location: Central California
Posts: 74
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Of course nobody wants to pay more for gas, but I'm not worried about how much it costs to fill up my SS. You gotta pay to play.
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12-01-2016, 12:59 PM | #42 | |
Drives: 2003 Pete Join Date: Sep 2014
Location: IL
Posts: 350
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Quote:
For example in WA. http://www.washingtongasprices.com/GasPriceSearch.aspx For me the closest place to purchase top tier premium (in IL) is around $2.60. However there is one station that is always less expensive in the next nearby town at $2.28 with plenty at $2.40ish. Am not saying it is worth a major trip out of ones way. Though sometimes worth it for some to take a look around. All that aside, was waiting for the immediate price spike here yesterday due to oil going up. But has not changed locally yet. Which is surprising. |
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