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09-24-2006, 05:17 PM
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#2 (permalink) |
 Join Date: Sep 2006
Location: Arizona
Age: 24
Posts: 607
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Re: Gas Prices
I wish, it only dropped to $2.349 here. The drop is also partly due to the winter fuel mixes coming out now which are cheaper to produce.
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|TG-Irr|Hiram_Yorik Games: GRAW, BF2142, Oblivion, FarCry, Empire At War, R6:RVS, KotOR, KotOR2, MW4: Mercs, FEAR (XP)     *Hiss* "Oh...crap!" *BLAM* "I'm down....MEDIC!!" DirtyLude: "If we kill him and eat his heart, his magic will be ours." |
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10-01-2006, 06:49 PM
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#4 (permalink) |
 Join Date: Dec 2004
Location: Illinois
Age: 24
Posts: 1,924
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Re: Gas Prices
2.06 in Champaign, IL
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10-02-2006, 07:45 AM
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#5 (permalink) |
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Join Date: Jan 2006
Location: Brandon, FL
Age: 37
Posts: 795
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Re: Gas Prices
Still about $2.25 in Tampa, FL.
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10-02-2006, 10:12 AM
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#7 (permalink) | |
   Join Date: Oct 2005
Location: Gillette Stadium, Section 309, Row 12, Seat 24
Age: 33
Posts: 8,276
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Re: Gas Prices
Quote:
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10-02-2006, 10:40 AM
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#8 (permalink) |
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Join Date: Sep 2006
Location: Arizona
Age: 24
Posts: 607
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Re: Gas Prices
It's not that much of a change though with demand, considering that gasoline is a very inelastic commodity.
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|TG-Irr|Hiram_Yorik Games: GRAW, BF2142, Oblivion, FarCry, Empire At War, R6:RVS, KotOR, KotOR2, MW4: Mercs, FEAR (XP) *Hiss* "Oh...crap!" *BLAM* "I'm down....MEDIC!!" DirtyLude: "If we kill him and eat his heart, his magic will be ours." |
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10-02-2006, 11:05 AM
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#9 (permalink) | |
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Join Date: Oct 2005
Location: Gillette Stadium, Section 309, Row 12, Seat 24
Age: 33
Posts: 8,276
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Re: Gas Prices
Quote:
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10-03-2006, 10:26 AM
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#10 (permalink) |
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Join Date: Sep 2003
Age: 39
Posts: 7,703
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Re: Gas Prices
It's a commodity. Investors sometimes unrealistically bid up the price. I don't know jack about the airline industry, but I've been told by people who do understand it that an airline's success or failure largely hinges on its ability to hedge its fuel supply. In other words, they have to do a good job anticipating what their fuel costs will be, locking in good prices.
What I suspect happened is that a lot of people bid up oil at the beginning of the summer expecting a few hurricanes to knock production in the gulf down, etc. Now that has failed to materialize, investors are bailing on options, etc. |
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