For those of us in the USA, a question. Do you think gasoline will get down below $2 a gallon before the election, and what do you think the odds are of it getting back up to $3 a gallon by Christmas??? I know, I know, I'm an awful cynic! :-)
Bill, Here in Wisconsin I don't think gasoline will venture below $2/gal because our gas tax is probably too high to allow that. I think gas will steady at and average of about $2.59 a gallon for the rest of the winter. If the auto industry continues to decline, gasoline price will be partially blamed, but the auto giants will wake up and realize that they need to expedite the introduction of more efficient engines and small diesel motors sooner.
Will Ford marry GM? Ford to manage the light & medium duty truck lines, GM to do only cars...and fewer models of them...think about that rumor for moment. Hawkeye
If I may make a comment from Europe, you shouldn't worry about the price, you should worry about what to do when it runs out; AND IT WILL. Our grandchildren will be asking why we were so profligate, when we knew it was a finite and irreplaceable resource. Eh bien, as we say in England... N
I don't think it is as much the world oil market as the oil companies simply charging what they think the market will bear. I travel consistently between Baltimore and Winchester, VA, and the price of a gallon of regular is consistently $.30 to $.35 a gallon cheaper down in Winchester. It can't be cheaper to ship gasoline down into the hills of Western Virginia than right to a seaport like Baltimore. Second thing, The consistently obscene quarterly record profits being posted by the oil companies. It ain't all the arabs doing by any means.
As I noted in another post, I travel consistently between Baltimore and Winchester, VA. A gallon of regular is consistently $.30 to $.35 a gallon cheaper in Winchester than in Baltimore. A friend says it is the lower Virginia taxes. Are your gasoline taxes really that much lower?? I'll be down in Winchester this weekend for the North-South Skirmish Association Nationals and I bet gas will be about $1.89 to $1.99 a gallon for regular.
Bear in mind you've got WV, VA, and MD state taxes to acct for in the aforementioned scenario. In NC, state law (possibly a Fed law) mandates that the Fed and state fuel surcharges be printed on the pump.
To the original point - no, I will not be at all shocked to see gas prices climb after the election. Do I read anything into it? I sure do - autumn is here and winter is just around the corner and fuel supplies will dip. ;-)
I think you'll see more cooperation between the two but the brand market is probably going to be problematic in some respects of an all out consolidation. For instance, the new style Ford Mustang is a good seller for Ford from what I understand. Hard to imagine that one with a bowtie on the hood.
If that day ever does comes to pass, I guarantee you I'll buy a Toyota!
"William H. Shuey" wrote in news: email@example.com:
I'll bet that it's a lot cheaper to own and operate a gas station in Winchester, VA than Baltimore, MD. Of course it's a lot more expensive in the rest of the world. Is that a GW Bush conspiracy, too?
Obscene profits? Exactly how many gallons of gas do you think they sell? If they have a fixed margin of 5%. Someone actually know the real numbers so as to make the accusation seem plausible?
As to why the price went up, did anyone notice a little war in the Mideast, that one of the chief exporters is trying to make nuclear weapons, that the Islamofacists keep blowing up Iraq's facilities to keep the flow of oil from that country at nil and that one of the major pipelines in Alaska was closed for major repair.
Oil prices are set by the brokers. Thet are notoriously squirrelly and tend to react to world events.
Conspiracy? Yeah right along with the black UN helicopters and the Soviet tanks being secretly brought in to the US for nefarious purposes.