Page 1 of 3 123 LastLast
Results 1 to 15 of 36
  1. #1
    Speechless
    Points: 274,613, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points
    coachdags's Avatar
    Join Date
    Mar 2006
    Location
    N.Dakota
    Posts
    15,513
    Points
    274,613
    Level
    100
    Thumbs Up
    Received: 1
    Given: 3

    Gas $1.59 a Gallon - Why?

    Gas in North Dakota is at $1.59 a gallon, anybody want to tell me why...?

    We were as high as $4 + this summer.....



  2. #2
    Pro
    Points: 53,704, Level: 71
    Level completed: 77%, Points required for next Level: 346
    Overall activity: 7.0%
    Achievements:
    Veteran50000 Experience Points
    Prone2Clone's Avatar
    Join Date
    Oct 2006
    Posts
    3,176
    Points
    53,704
    Level
    71
    Thumbs Up
    Received: 90
    Given: 37

    Re: Gas $1.59 a Gallon - Why?

    Shhhhhhhhhhhhhhh! Keep quiet...maybe nobody will notice.



  3. #3
    Pro
    Points: 59,397, Level: 75
    Level completed: 57%, Points required for next Level: 653
    Overall activity: 0%
    Achievements:
    SocialVeteran50000 Experience Points

    Join Date
    Oct 2006
    Location
    League City, TX
    Posts
    2,900
    Points
    59,397
    Level
    75
    Thumbs Up
    Received: 0
    Given: 0

    Re: Gas $1.59 a Gallon - Why?

    Enough people started talking about alternative energy and energy independence that OPEC and the oil companies got scared and the "bubble burst."

    Don't worry, once everyone forgets about actually doing something to reduce dependence on oil (foreign or domestic) the prices will skyrocket again.



  4. #4
    All-Star
    Points: 23,313, Level: 46
    Level completed: 77%, Points required for next Level: 237
    Overall activity: 0%
    Achievements:
    SocialVeteran10000 Experience Points
    cloneluke80's Avatar
    Join Date
    Apr 2006
    Location
    West Des Moines, IA
    Posts
    1,615
    Points
    23,313
    Level
    46
    Thumbs Up
    Received: 5
    Given: 4

    Re: Gas $1.59 a Gallon - Why?

    Because we are all just pawns in this game I call planet earth.



  5. #5
    Addict
    Points: 94,915, Level: 95
    Level completed: 93%, Points required for next Level: 135
    Overall activity: 1.0%
    Achievements:
    Veteran50000 Experience Points
    CYdTracked's Avatar
    Join Date
    Mar 2006
    Location
    Des Moines, IA
    Posts
    8,695
    Points
    94,915
    Level
    95
    Thumbs Up
    Received: 7
    Given: 7

    Re: Gas $1.59 a Gallon - Why?

    I filled up at $1.51 here in Des Moines tonight. First time in I can't remember how long that I filled the car all the way up for just $20.


    Go Cubs Go!

  6. #6
    Addict
    Points: 85,495, Level: 90
    Level completed: 97%, Points required for next Level: 55
    Overall activity: 0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience Points
    superdorf's Avatar
    Join Date
    Oct 2007
    Location
    Des Moines, IA
    Posts
    6,948
    Points
    85,495
    Level
    90
    Thumbs Up
    Received: 1
    Given: 0

    Re: Gas $1.59 a Gallon - Why?




  7. #7
    Bench Warmer
    Points: 10,440, Level: 30
    Level completed: 82%, Points required for next Level: 110
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience Points

    Join Date
    Feb 2008
    Posts
    270
    Points
    10,440
    Level
    30
    Thumbs Up
    Received: 0
    Given: 0

    Re: Gas $1.59 a Gallon - Why?

    Supply and demand. All the conspiracies aside, it really comes down to supply and demand. A saying that makes the most sense is: The cure for high prices, is high prices. Our gas prices got too high. People quit using as much. Now there is less demand for the supply. Prices are lower. Honestly, things really are a lot more simple than everyone (especially our news) makes them out to be.



  8. #8
    Hall-Of-Famer
    Points: 52,798, Level: 71
    Level completed: 17%, Points required for next Level: 1,252
    Overall activity: 2.0%
    Achievements:
    Veteran50000 Experience Points
    usedcarguy's Avatar
    Join Date
    Apr 2008
    Location
    Ames
    Posts
    3,688
    Points
    52,798
    Level
    71
    Thumbs Up
    Received: 18
    Given: 32

    Re: Gas $1.59 a Gallon - Why?

    Quote Originally Posted by coachdags View Post
    Gas in North Dakota is at $1.59 a gallon, anybody want to tell me why...?

    We were as high as $4 + this summer.....
    When gas was $4.00, there were many, many more people investing in gasoline than were actually using it. It had less to do with the supply of gas and more with the supply of futures contracts.

    They've all been forced to unwind their positions which has created the downdraft in prices.



  9. #9
    Hall-Of-Famer
    Points: 59,308, Level: 75
    Level completed: 51%, Points required for next Level: 742
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    Kyle's Avatar
    Join Date
    Mar 2006
    Posts
    4,075
    Points
    59,308
    Level
    75
    Thumbs Up
    Received: 0
    Given: 0

    Re: Gas $1.59 a Gallon - Why?

    I'm guessing the global recession has put a significant dent in demand. Combine that with the bursting of a speculative bubble, and there you have it.


    Seneca Wallace.

  10. #10
    Pro
    Points: 38,167, Level: 60
    Level completed: 27%, Points required for next Level: 883
    Overall activity: 0%
    Achievements:
    Veteran25000 Experience Points
    whirlybirds's Avatar
    Join Date
    Oct 2007
    Location
    Knoxville, IA
    Posts
    2,107
    Points
    38,167
    Level
    60
    Thumbs Up
    Received: 14
    Given: 5

    Re: Gas $1.59 a Gallon - Why?

    who cares! its $1.50. driving to work everyday from knoxville to ankeny took a huge chunk out of my wallet


    There are not many crowds or places in the country that have a better impact on the game than at Iowa State. The Cyclone fans are truly a sixth man. The place is so loud and always a fantastic crowd." - Former Kansas and current North Carolina head coach Roy Williams

  11. #11
    Bench Warmer
    Points: 10,440, Level: 30
    Level completed: 82%, Points required for next Level: 110
    Overall activity: 0%
    Achievements:
    Veteran10000 Experience Points

    Join Date
    Feb 2008
    Posts
    270
    Points
    10,440
    Level
    30
    Thumbs Up
    Received: 0
    Given: 0

    Re: Gas $1.59 a Gallon - Why?

    Quote Originally Posted by usedcarguy View Post
    When gas was $4.00, there were many, many more people investing in gasoline than were actually using it. It had less to do with the supply of gas and more with the supply of futures contracts.

    They've all been forced to unwind their positions which has created the downdraft in prices.

    You are correct sir. Just trying to keep things simple. The specs take the prices way too high or way down low, but it still always comes back to supply and demand.



  12. #12
    Speechless
    Points: 117,937, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 4.0%
    Achievements:
    Veteran50000 Experience Points
    ISUAlum2002's Avatar
    Join Date
    Apr 2006
    Location
    Urbandale
    Posts
    15,488
    Points
    117,937
    Level
    100
    Thumbs Up
    Received: 38
    Given: 58

    Re: Gas $1.59 a Gallon - Why?

    I will be the first to fully admit I was wrong about gas prices heading back up after the election. I'm hoping this is long term, but not counting on it.

    I remember back in 2005ish when I talked to co-workers about how we would never see gas in the $1.50 range ever again. I'm glad I was wrong, but my prediction was looking pretty good around May of this year.



  13. #13
    Pro
    Points: 70,397, Level: 82
    Level completed: 39%, Points required for next Level: 1,053
    Overall activity: 15.0%
    Achievements:
    Veteran50000 Experience Points
    Cyclones_R_GR8's Avatar
    Join Date
    Feb 2007
    Location
    Omaha
    Posts
    3,346
    Points
    70,397
    Level
    82
    Thumbs Up
    Received: 229
    Given: 421

    Re: Gas $1.59 a Gallon - Why?

    Quote Originally Posted by coachdags View Post
    Gas in North Dakota is at $1.59 a gallon, anybody want to tell me why...?

    We were as high as $4 + this summer.....
    Quite simply, A barrel of oil was at an artificially inflated price of about $146 this summer and now it is about $50.



  14. #14
    Speechless
    Points: 117,937, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 4.0%
    Achievements:
    Veteran50000 Experience Points
    ISUAlum2002's Avatar
    Join Date
    Apr 2006
    Location
    Urbandale
    Posts
    15,488
    Points
    117,937
    Level
    100
    Thumbs Up
    Received: 38
    Given: 58

    Re: Gas $1.59 a Gallon - Why?

    Whoa whoa whoa, there. We've all been told this whole time that the market sets the price. It couldn't have been artificial inflation (i.e. gouging).



  15. #15
    Addict
    Points: 97,604, Level: 97
    Level completed: 28%, Points required for next Level: 1,446
    Overall activity: 5.0%
    Achievements:
    Veteran50000 Experience Points
    everyyard's Avatar
    Join Date
    Nov 2006
    Posts
    5,898
    Points
    97,604
    Level
    97
    Thumbs Up
    Received: 42
    Given: 44

    Re: Gas $1.59 a Gallon - Why?

    Quote Originally Posted by coachdags View Post
    Gas in North Dakota is at $1.59 a gallon, anybody want to tell me why...?

    We were as high as $4 + this summer.....
    supply and demand. markets go down. production slows. consumption decreases. Don't underestimate the role asia has in todays oil market and their economies have been affected as much or more than our own.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • TV: Fox Sports 1
  • Iowa State vs. North Dakota State
  • August 30, 2014
  • 11:00 AM