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Old 02-18-2012, 02:57 PM   #1 (permalink)
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Default Gas prices are highest ever for this time of year. $4.25 expected by April.

At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April.

Gas prices are highest ever for this time of year - Yahoo! Finance
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Old 02-18-2012, 04:41 PM   #2 (permalink)
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It's $7.90 per US gallon over here. Coming to your area soon
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Old 02-18-2012, 08:02 PM   #3 (permalink)
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Up, Up, UP and away!!!!! Interesting the price is still sensitive to the so called fear factor as well as supply and demand since we have actually started selling surplus oil we dig up, but do not use on the open market. YOu would think the price would drop and be low like how it is in Iraq or some of the Arab countries like 11 cents or so. Wonder if we could start to limit our exports to demand a higher price to pay for our stuff over here?


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Old 02-18-2012, 10:49 PM   #4 (permalink)
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At $4.25 a gallon, filling up our Insights will still cost less than 40 bucks per tank.
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Old 02-18-2012, 11:46 PM   #5 (permalink)
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And of course I'm taking a road trip in March/April putting about 10,000 miles on my car! Hmmmm, so if I get 70 MPG (conservative for Hwy miles) and go 10,000 miles at $3.53 a gallon it will cost me $502 dollars. I can live with that!
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Old 02-19-2012, 11:56 AM   #6 (permalink)
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It will cost you around $607 with 70 MPG at $4.25 a gallon.
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Old 06-17-2012, 12:20 AM   #7 (permalink)
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Have you seen it go down now? It's a bit better than the first quarter of the year. I hope it will continue to go down to it's normal or probably cheaper than normal. ( How I wish... )
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Old 06-17-2012, 02:38 AM   #8 (permalink)
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Supply and demand capitalism does not run our economy. Our economy is centrally planned the exact opposite of true capitalism. 1/2 of every transaction (the money 1/2) is manipulated and the cost of gas can be as much about having difficulty selling our debt (treasury bonds) as it is the cost of crude or the lack of demand.

That is why I bought the Insight. Cannot trust the central planners.
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Old 06-17-2012, 10:48 AM   #9 (permalink)
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I was shocked to see on the nighty news that CA residents are paying almost 5 bucks a gallon where its 3.20 or so in my area.

No one said supply and demand is fair. Basically they keep raising the price til demand tapers off. Problem is in many cases when price rises people do 1 of 2 thing. THey panic thinking it will go even higher and buy more than they need. They will see value and buy it over a bargain brand. Who would buy a cheap Mercedes?


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Old 06-17-2012, 11:11 AM   #10 (permalink)
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My point was there is much more to it than supply & demand (perceived or real). Many coins have serrated edges so you could tell when some of the precious metal was shaved off. Coins today have no precious metal and paper never has, of course. The central planners have shaved off about 96% of the value of the dollar since the federal reserve (which is not federal and has no reserves) was established 100 years ago. In silver and gold, gas prices have not changed so much. An ounce of gold will still buy today pretty much what it would buy 2000 years ago in ancient Rome.

Yeah? so what, you say? Well I just encourage people to realize you cannot have a supply & demand capitalist system when 1/2 of every transaction is manipulated by a central planner. Supply & demand still has an effect, but sometimes, as in the recent run-up of gas prices that make no sense, there are more important factors at play in our manipulated economy.
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