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Discussion: General Forums / Pictures & Screenshots - Gas Prices -
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09-22-2006, 05:22 PM #1
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Gas Prices
|TG-33rd|Calvin
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09-24-2006, 06:17 PM #2
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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.
|TG-Irr|Hiram_Yorik
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09-24-2006, 06:37 PM #3
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Re: Gas Prices
It's actually dropped quite a bit here in Kansas City. Filled up Friday morning for $2.08.
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10-01-2006, 07:49 PM #4
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Re: Gas Prices
2.06 in Champaign, IL
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10-02-2006, 08:45 AM #5
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Re: Gas Prices
Still about $2.25 in Tampa, FL.
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10-02-2006, 11:08 AM #6
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Re: Gas Prices
That is soooo true!!!
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10-02-2006, 11:12 AM #7
Re: Gas Prices
yep.. that and greatly reduced demand relative to the summer travel season...
Originally Posted by Sir_Brass
|TG-12th|WhiskeySix
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10-02-2006, 11:40 AM #8
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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.
|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, 12:05 PM #9
Re: Gas Prices
<shrug> I'd think so too... that's just what I've heard. Originally Posted by Sir_Brass
|TG-12th|WhiskeySix
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10-03-2006, 11:26 AM #10
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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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