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How fast will gas go up?

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  1. BlackBooked BlackBooked is offline

    Kansas City, KS
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    Nov 4th, 2008 (11/4/2008 11:57pm)

    How fast do you guys think gas will go back up since obama was elected and some republicans need a job(big oil orly?)
  2. BigJohn804 BigJohn804 is offline

    Midlothian, VA
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    Nov 4th, 2008 (11/4/2008 11:58pm) in reply to BlackBooked

    I'll say not fast at all, and it still has some going down to do.
  3. Dirrt Dirrt is offline

    Iowa City, IA
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    Nov 4th, 2008 (11/4/2008 11:59pm) in reply to BlackBooked

    How much more is it going to go down? Paid $1.89 today and loving it.
  4. JPitt09 JPitt09 is offline Royals Fan, lol

    Marshall, MO
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    Nov 5th, 2008 (11/5/2008 12:00am) in reply to BlackBooked

    quit asking dumb questions just to ask them, by all accounts its going to be falling a little more and at least be steady for a while.
  5. MUPokerPlayer MUPokerPlayer is offline

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    Nov 5th, 2008 (11/5/2008 12:01am) in reply to BigJohn804

     
    Originally Posted by BigJohn804 View Post


    I'll say not fast at all, and it still has some going down to do.

    it does not have any more going down to do.

    oil is already climbing back up.
  6. Pker4Dummies Pker4Dummies is offline

    Toms River, NJ
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    Nov 5th, 2008 (11/5/2008 12:02am) in reply to MUPokerPlayer

    Oil was up 7 dollars today... Saudis say hey it's Tuesday let's cut production 10 percent
  7. BigJohn804 BigJohn804 is offline

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    Nov 5th, 2008 (11/5/2008 12:04am) in reply to MUPokerPlayer

    MUPP... gas and oil do not move simultaneously.

    Gas is not being delivered yet, or is just starting to be, out of oil delivered at $65-75/bbl.

    Gas should still drop a little further.
  8. ChocoThunder ChocoThunder is offline

    Lincoln, IL
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    Nov 5th, 2008 (11/5/2008 12:04am) in reply to MUPokerPlayer

     
    Originally Posted by MUPokerPlayer View Post

     
    Originally Posted by BigJohn804 View Post


    I'll say not fast at all, and it still has some going down to do.

    it does not have any more going down to do.

    oil is already climbing back up.

    up two days in a row, holy trend.
  9. BlackBooked BlackBooked is offline

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    Nov 5th, 2008 (11/5/2008 12:04am) in reply to MUPokerPlayer

    TY mupp. I know the republican part was a jab/joke but seriously, does anybody think gas cuts in HALF if mccain isnt so far behind in the polls? HONESTLY?
    Thread Starter
  10. tekiller tekiller is offline

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    Nov 5th, 2008 (11/5/2008 12:05am) in reply to MUPokerPlayer

    oil is swinging like the rest of the market mupp, don't expect 100 dollar a barrel for a lil bit.
  11. MUPokerPlayer MUPokerPlayer is offline

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    Nov 5th, 2008 (11/5/2008 12:06am) in reply to BlackBooked

     
    Originally Posted by BlackBooked View Post


    TY mupp. I know the republican part was a jab/joke but seriously, does anybody think gas cuts in HALF if mccain isnt so far behind in the polls? HONESTLY?

    i don't think the price of gas and McCain trailing in the election have anything to do with each other.
  12. BlackBooked BlackBooked is offline

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    Nov 5th, 2008 (11/5/2008 12:12am) in reply to MUPokerPlayer

    So iran ect just decided hey, why dont we cut these honest good folks in the US a break? We do love them afterall!
    Thread Starter
  13. MUPokerPlayer MUPokerPlayer is offline

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    Nov 5th, 2008 (11/5/2008 12:13am) in reply to BlackBooked

     
    Originally Posted by BlackBooked View Post


    So iran ect just decided hey, why dont we cut these honest good folks in the US a break? We do love them afterall!

    No, our economy sucks, people quit driving as much (google it), demand went down, price went down.
  14. ChocoThunder ChocoThunder is offline

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    Nov 5th, 2008 (11/5/2008 12:14am) in reply to MUPokerPlayer

    No no no, world market sucks value of everything went down, gas price went down.
  15. GODSHAMGOD GODSHAMGOD is offline

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    Nov 5th, 2008 (11/5/2008 12:17am) in reply to MUPokerPlayer

    Partly. But most of the price change is due to the strength of the dollar IMO
  16. kokonotz kokonotz is offline

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    Nov 5th, 2008 (11/5/2008 12:18am) in reply to BlackBooked

    Based purely on fundamentals (as opposed to market sentiment) i'd say prices go down....(if infact who is going to be the next president has any bearing on oil prices)....

    Obama is less likely to have/continue wars with middle eastern countries = less implied volatility in oil supplies = price goes down

    Obama is less likely to stimulate economic growth due to higher taxes = price goes down

    It'll probably move around it's current price and +/- 25% for a decent while though.
  17. BlackBooked BlackBooked is offline

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    Nov 5th, 2008 (11/5/2008 12:19am) in reply to MUPokerPlayer

    A weekly report on gas station credit card swipes from MasterCard showed that U.S. gas consumption fell 1% in the week ended Oct. 24, and was down 6.4% from the same week a year ago.

    So 6.4% less demand = 1/2 off gas????

    So many things rely on gas daily. So some kids arent cruising so much....
    Thread Starter
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