BodyWizard
Registered User
On-topic: $3.959 at the QT today (05/31), $3.999 down at the Shell on the corner.
I call that $4 by Memorial Day.
I call that $4 by Memorial Day.
Gas - $4.00/gal - What Day?
- Thread starter B5150
- Start date
B5150
Legend
We're at ~$3.90+ here is AZ right now.
jmh80
Well-known member
It's because you guys have deemed your gas to be of 182 different grades in the entire state.
That drives the price up. (Refineries in Ca. produce less gas than those in the Gulf coast.)
Dwight Schrute
I am faster than 80% of all snakes
I believe the majority of this contraction is over. We've been in the same trading range for months now and finally the dollar is starting show some strength. We will have hiccups for months but even now you are starting to see signs of stabilization (revised GDP not to mention actual value in terms of write downs). We'll trade sideways for a while but when you starting hearing Paulson talking about "strengthening the dollar" and Bernanke starting to emphasize inflation....the tipping point is near. On a valuation basis, stocks are EXTREMELY cheap.
Even now the predictions of GDP is between 1-2% and higher for the second half of the year. We will come out extremely slow but the majority of the pain is over IMO. The problem is it takes 2-3 years after that until the consumer actual feels it. hehe
I'm not sure what you mean by uptrend in 5-10 years though. Uptrend in what? I'm sure fund managers found that uptrend in commodities nice. :lol:
Dwight Schrute
I am faster than 80% of all snakes
Considering this is the first time Bernanke has spoken forcefully about the weak dollar and its effects on inflation in a VERY long time (actually I can't remember the last time he did), I do put some significance to it.
Overnight? They've been taking lumps for the last year. Only now are you finding out actual value on the write downs. Does that means its over? Of course not but at least you have actual values and not estimates.
I could care less about that. I look at the balance sheets of the majority of the financials and how much ACTUAL capital they have to raise vs their losses. They are the ones draggin everything down. The consensus is basically they overestimated their write downs and had to raise less capital but its still going to take some time to stabilize.. But as any smart investor, you don't' pick bottoms...you wait for signs of strength which won't happen until the fed confirms no more rate cuts...which they almost did this morning.
Almost half the checks aren't even out yet and the 1st quarter GDP was raised to .9% not to mention the boom in exports has basically offset much of the decline in consumer spending. So even if the future number will be inflated a bit by the stimulus package, the 1st quarter GDP revision shows less of a slump than expected. I'm not really looking at the small bump in consumer spending either. I'm looking at the long term trend and the natural 25-30% fluctuation the dollar has every 10 years since the 70's.
Its been ass backwards for the last 50 years. This is nothing new at all. The hardest hit markets, (where I live) has had a 41% increase in real estate sales since last year. Why? Price.
More regulation? Regulation caused the housing crisis. Where do you think sub prime came from? The government forcing policy in the CRI.
History? The business cycle? The cycle that your fund managers base their investments on?
Balance sheets? Actual value on write downs? The dollar cycle?
Those generally shape my thought....not the TV. History tends to repeat itself.
The specualtive bubble could pop but that doens't nullify unlerlying demand. Nobody said oil is dropping to $40/barrel again and the long term trend for the entire energy sector is bullish but having said that gas consumption for March is down 4%...the highest since the 70's. THe market will determine what happens, not some bloated government beauracracy.
That hint was good a long time ago. Us day/swing/position traders were in oil and almost every commodity 9 months ago (mainly futures). As soon as Bernanke started cutting rates, that's where the money went. That's why as soon as he starts hiking rates, those same people will be in financials. You can already see the majority of fund mangers pulling out of oil on the back end.
Plus I don't understand why you say "stocks" in general. You mean financials?
Well of course we are now....but that's because we were booming for a while. Its the natural cycle taking its course but the though we are going in to some deep dark recession for years isn't in the numbers.
Dwight Schrute
I am faster than 80% of all snakes
Delta Force
PES Rep
while we're still talking about gas consumption or conservation I posted this earlier on the board but it did not get any traction and in case you miss it review this post with tips on how to conserve gasoline.
Invalid Link Removed
Invalid Link Removed
rcaz01
Member
I read this and still can't figure out how he would get the insane mileage he was able to get. I drive an Avalanche and in town with traffic here is just no way to get above 15mpg. I have tried all of these suggestions with the exception of parking uphill still only a very small difference. He had to be going downhill for a long way to get 80mpg from a Ford Ranger!
I will be buying a commuter car in the next month, the +$300 in gas savings a month will make the payments.
B5150
Legend
You and me both. I'll be parking my free and clear no payment truck and buying and financing an economy car. I can make the payment, fill the tank, and still be ahead of the game buy a few hundred bucks a month.
TheUnlikelyToad
Well-known member
I haven't read this whole thread so it may have been asked before... how's your Hummer these days?
I live 20 mins north of Harrisburg, PA. Prices have been about 5 cents shy of $4 for about 2 weeks now.
Dwight Schrute
I am faster than 80% of all snakes
I haven't read this whole thread so it may have been asked before... how's your Hummer these days?
I live 20 mins north of Harrisburg, PA. Prices have been about 5 cents shy of $4 for about 2 weeks now.
Its doing well. I have stock in Petrobras and Sasol so even though I pay more at the pump, I'm hedged
B5150
Legend
Hummer? I just got a hummer for my birthday yesterday...mediocre. Not sure it was worth the cost of the hotel, dinner and the cuddling afterwards. :run:I haven't read this whole thread so it may have been asked before... how's your Hummer these days?
EDIT: But I am vested and the long term return/dividends are pretty good
Dwight Schrute
I am faster than 80% of all snakes
Hummer? I just got a hummer for my birthday yesterday...mediocre. Not sure it was worth the cost of the hotel, dinner and the cuddling afterwards. :run:
EDIT: But I am vested and the long term return/dividends are pretty good
I flipped lots for mine. Man, 2005 was a good year then everything took a dump... :lol:
B5150
Legend
If I were to do it all again I would have diversified much earlied and made sure to have a rollover option. Today it's mostly conventional stuff but I still have the option to withdraw early and redistribute my equity. It can be messy on the spreadsheets but it all washes out at the end of the day
Wanderlei
Board Sponsor
4.40 is around average in SoCal but you can find it for 4.20 if lucky. Diesel is anywhere from 5.27 to 5.60/gallon. Needless to say my 04 F350 is going to sit in the driveway as it only gets 14mpg tops averaging 10mpg. Motorcycle OTOH gets 40mpg so it will do for now. A coworker picked up a 05 H2 with 36k miles for 19k OTD this past weekend. He thought it was a good deal but doesn't like the 12mpg it gets.
I'm thinking of getting a Corolla now or even a Scion since they get decent mileage but the trade-in value on my truck sucks. I guess the lift kit and 35" tires don't help matters but it's got to be worth more than 10k.
I'm thinking of getting a Corolla now or even a Scion since they get decent mileage but the trade-in value on my truck sucks. I guess the lift kit and 35" tires don't help matters but it's got to be worth more than 10k.
Delta Force
PES Rep
brace your selfs for even higher the gas prices in the near future... the price of a barrel of oil just went up $10.96 today alone
I was driving earlier and saw premium selling for $4.71 in the bay area
I was driving earlier and saw premium selling for $4.71 in the bay area
Dwight Schrute
I am faster than 80% of all snakes
I actually got into SSL back in October after the pullback from $100 oil.
PBR is a great long term play.....I bought up some EWZ as well. Brazilian market is going to be hoppin. I bought some V as well since they are now open to credit and Visa has great international exposure. Its going to take a beating here and there for a bit but long term is great.
Man, this market went absolutely nuts today.
MuscleBound1337
Active member
Well I got back from a trip to boston. PA and MA are just under 4. Going through Connecticut tho the price was 4.30. Apparently they have the highest in the nation.
Dwight Schrute
I am faster than 80% of all snakes
If I were to do it all again I would have diversified much earlied and made sure to have a rollover option. Today it's mostly conventional stuff but I still have the option to withdraw early and redistribute my equity. It can be messy on the spreadsheets but it all washes out at the end of the day
Hold out!
Stocks are so cheap right now and only a matter of time before an assload of money starts flowing into equities.
Thats my financial phrase of the day... "assload of money"
TheUnlikelyToad
Well-known member
Hummer? I just got a hummer for my birthday yesterday...mediocre. Not sure it was worth the cost of the hotel, dinner and the cuddling afterwards. :run:
EDIT: But I am vested and the long term return/dividends are pretty good
****, I'm sorry. I was meaning to say happy birthday to you early in my log on Wednesday when I thought of it. It must have slipped my mind typing out tha results.
... anyways, CONGRATULATIONS YOU'RE AS OLD AS MY DAD :thumbsup:
B5150
Legend
Thanks Jordan.
Dwight Schrute
I am faster than 80% of all snakes
Here is my Happy Birthday.
You're old.
You're old.
AM07
Well-known member
Please explain further for those of us that know nothing about this kind of stuff.
Any good websites you can recommend for beginners thinking of investing in the stock market, and which stocks to buy/sell/trade, etc.?
B5150
Legend
For the record in case it got missed, my post
is and was entirely intended to be read and interpreted as sexual metaphors.
If I were to do it all again I would have diversified much earlied and made sure to have a rollover option. Today it's mostly conventional stuff but I still have the option to withdraw early and redistribute my equity. It can be messy on the spreadsheets but it all washes out at the end of the day
B5150
Legend
Already $4.05 on the same corner just yesterday. May have been soon but just noticed last night.
KurtisWicked
Member
Nope. That would be us now, in Stockton. $4.48 on average. Been above 4 for a while.
rcaz01
Member
I am in Chandler and most of them finally went to $4.05 or $4.09. Sam's and Costco were $3.79 this weekend.
Does it piss anyone else off that the pumps shut off at $75 or is it just me and my gas guzzling beast? I can't even get 3/4 of a tank now before it shuts off.
Delta Force
PES Rep
its just your gas guzzler... image if your car only drank premium, you'd be working for the oil companies
WannaBeHulk
rollin' on dubs!
thank god Congress wasted their time with the idea of cap & trade. drill here, drill now!!! newt gingrich for prez!
jmh80
Well-known member
Not all cars. Some say use 93 but the engine CAN use 87. It may not be optimum but it won't knock (until it gets older - that's standard though as older cars are more likely to knock).
Octane is the ability for a molecule to prevent knocking. You'd have to see if you could go for a lower octane level and listen close for knocking.
May want to read up on the internet on your specific car though. Some really are designed for 93 octane.
Iron Warrior
Registered User
Brian, happy b-day you old fart ! Hopefully the Yankees don't give you a heart attack the way they're playing
! Hopefully the Yankees don't give you a heart attack the way they're playing
B5150
Legend
Chandler? Cool. The only thing from Chandler is steers and.... :rofl: j/k I do remember when Chandler was very tiny and Gilbert had horse paths instead of roads.
Yes, I am very irritated by the fact that I have to swipe twice to fill my tank. And of course this triggers my Visa fraud alert call. I told them multiple time - have you looked at the price of gas, quit calling me, I call you when my card is stolen :hammer:
I just got in from out of town last night. Same corner price is now $4.12...bastards.
BTW...thanks for the birthday wishes guys. Appreciate it.
Yankees - I have more personal memories of greatness than some other fans may ever live to see in their lifetime. I'm good
Jmonster
Member
I think that the prices will level off around October.I think that there are certain politicians out there are running for re-election or for Presidency this year that have very good friends in the oil business and what better way to get people to listen to oil drilling off the coast and nuclear power then to push the oil prices so high that it hurts people and there families.You know the majority of people that vote,vote with there families intentions first and how better there life and health will be.I think it is all political and they are using us to further there agendas..Just my opinion..BTW I am paying 4.69 a gallon in S.Cali for regular.
B5150
Legend
$4.12 ±. Seems that we have leveled off...in my part of town anyway.
Edit: I should have voted. I was near dead on in my prediction
Dwight Schrute
I am faster than 80% of all snakes
News:
China to raise gasoline prices. These countries that are subsidizing gas are getting killed.
China to raise gasoline prices. These countries that are subsidizing gas are getting killed.
jmh80
Well-known member
jmh80
Well-known member
Yup - saw that. Should moderate some consumption. At first though their gasoline production from the refineries should increase - as they aren't making as much of an incremental loss on producing gasoline.
Very curious to see how the market reacts to what could be an increase in oil importing by China even with less subsidies.