Thread: Gas prices

Originally Posted by ccollins

Could someone explain how our economy was doing so well 10 yrs ago on $45 oil and why we have been in a slump for 8 yrs on $110 to a $150 oil why we are gonna go bust now $65. I am conffused.

When commodities are high usually the dollar is weak. When dollar is strong commodities are weak this has usually always been the case but I think our markets are very inflated right now

Originally Posted by torch

When commodities are high usually the dollar is weak. When dollar is strong commodities are weak this has usually always been the case but I think our markets are very inflated right now

So what you're saying is that our markets have gas?

Originally Posted by BigRiverMarine

You better bet your bippy!!!!

Verrry interesting, but stoopid. I liked "laugh in" also.

Ok, back a bit farther, '07, '08 The cheapest I paid was $2.51. The highest during those 2 years was $4.79.

Originally Posted by BigRiverMarine

So what you're saying is that our markets have gas?

I'm saying they are propped up to stabilize our economy. Just think how much money the federal reserve had pumped in. That's why interest rates have not gone up. If interest rates went up 5% it would really break our government. That 17 trillion would be 36 trillion in 5 years with no new debt added

Originally Posted by midcarolina

people who are saying the sky is falling in respect to oil prices either have personal financial interest in oil being high......... or have a political interest in staying in line with their politicians...........

A simpleton can under stand the middle ( working ) class is what makes our economy work! If gas prices go down AND food prices where to go down the extra money in families budgets would allow more spending for the stuff that makes our economy grow..............Duh..........

Duh.......... It's unfortunate people will their lose their jobs. Brilliant I say, you're so smart. I plan on waiting after the first of the year to tell my employees what their future is.

So let me get this straight........... Americans are FORCED to collectively bend over and grab their ankles for inflated gas prices while quarter after quarter oil companies report truly obscene profits............ Then when there is a temporary down turn in price people will lose their jobs............Give me a break!

That sounds like local political tactics.......... you know if they don't get their tax increase they have to lay off teachers and cops! NO where else to save any money in the budget!

Many industries across this nation have had to tighten their belts and do things differently to maintain a reasonable margin........... but for some reason oil companies are exempt from living with reasonable margins.........

Totally off the subject and more important......Spring is just a few months away for some great fishing!