Prices.... Going Up!!!

[MTalley]

@MTalley If your not using your F350 to tow anymore regularly, now might be a good time to sell if you can find some dumb schmuck to pay 50,000 for a 7yr old truck with 125K mi.....

Merica

Believe me, I had considered it but we still have the RV and still go camping fairly regularly. Also, I still use it for actual truck things from time to time. Considering it is paid off and I drive it seldom enough that I only fill it up every couple months, maintenance and fuel costs are generally negligible.

 

[NH-MAN]

Absolutely right. And the S&P500 would fall to about 2,000 in 30 days. Which is probably about where it should be anyway. Or, putting it another way, the stock market was inflated by $8 trillion. Which is kind of like building a tree house way, way, way up in the highest branches blowing in the wind.

This, it was inflated last time too, and we are where we would have been without covid just happen a little later. The future is so freaking easy to predict. The same segments of humans like to do the same crap over and over seemingly forgetting the last 3 times and think we can't see what will come of it, it's like clockwork

 

[DesertRatt]

This, it was inflated last time too, and we are where we would have been without covid just happen a little later. The future is so freaking easy to predict. The same segments of humans like to do the same crap over and over seemingly forgetting the last 3 times and think we can't see what will come of it, it's like clockwork

Pump and dump is a tried and true historical money-making opportunity.

 

[YY1]

So what's the deal with falling gas prices during the holiday season when they traditionally get jacked up?

Especially after being rebuffed by opec.

I paid $3.09 last week and saw a $3.00 this week.

Is this the strategic reserve release finally taking effect or is something else going on?

 

[GChief]

something else

The market price of a barrel has been dropping.

 

[NH-MAN]

Excess inventory as well

 

[spicer]

Excess inventory as well

There's too much of it, always been a problem, still is. Market forces include managed supply.

 

[Mystic]

There's too much of it, always been a problem, still is. Market forces include managed supply.

Supressed demand in China owing to their relentless population control maneuvers of the last 8-10 months.

 

[Mystic]

AVERAGE RETAIL PRICE OF ALL NEW VEHICLES IN USA, JANUARY 2019 > 22 NOVEMBER 2022 ($)

Source: Cox Automotive

 

[ernieb1536]

Supressed demand in China owing to their relentless population control maneuvers of the last 8-10 months.

And a looming world wide recession

 

[spicer]

Supressed demand in China owing to their relentless population control maneuvers of the last 8-10 months.

The extent of it, one arm of an octopus.

 

[spicer]

AVERAGE RETAIL PRICE OF ALL NEW VEHICLES IN USA, JANUARY 2019 > 22 NOVEMBER 2022 ($)
View attachment 2740497
Source: Cox Automotive

Gee, one might think elimination of private ownership is an objective. That 'smacks' of conspiracy though and we all know they don't exist, just market forces. That is a pretty steep curve.

 

[Mystic]

America. Housing. Still Rising.

https://www.counterpunch.org/2022/12/16/rents-blast-through-the-roof/

 

[similost]

Pump and dump is a tried and true historical money-making opportunity.

Our buddy Elon is one of the best Ive seen at doing that, and seems to get away with it quite well too..

 

[similost]

So what's the deal with falling gas prices during the holiday season when they traditionally get jacked up?

Especially after being rebuffed by opec.

I paid $3.09 last week and saw a $3.00 this week.

Is this the strategic reserve release finally taking effect or is something else going on?

I have a big issue with their explanations of why diesel prices got so high, and are still WAY over inflated. They said it's because oil is in short supply.. yeah right.. then they said refineries weren't able to keep up with demand.. yeah right...

They made plenty of gasoline, but claimed the prices for that were high because of the war... well there's more diesel in a barrel of oil than there is gasoline... so why was one more short than the other? All this time they kept selling off the oil reserves to other countries..

PURE PROFIT is the only motivation... We all know the petroleum companies have made record profits the last year and a half or so, but everyone keeps believing the talking heads instead...

 

[bobsvinyl]

On a lighter note, the price of duck feathers has gone down.

 

[YY1]

So again, why have "they" and almost everyone else been panicking about gas prices, yet they are down and trending down?

I mean, we just begged opec to increase production, they refused, and since then the price/demand has "magically" gone down.

This doesn't add up.

What has changed to reduce demand that much in the past 3 months to affect on this scale?

.....that no one saw coming???

 

[similost]

After working in the O&G industry for a few year, I can say it's all for profit for the top.... The little companies were getting screwed big time during the rising prices, and still are..

O&G is by far the biggest scam of any industry I've seen.. The stories I can tell you about all the ripping off every company and every person did.. From the well tenders not even leaving the house and not working and charging employers overtime for it, to companies making circles around meters to double, triple, and even quadruple selling the same natural gas over and over, to not paying any royalties... It's a crazy dirty list... and because of that, I understand SOME of why the prices are high... My neighbor had about $6000 of oil stolen out of one of his tanks a couple months ago... that's a pretty common deal too, and it's another company stealing it, because you just can't show up with oil and expect to sell it unless you are a company with an account to sell...

 

[NH-MAN]

It basically comes down to what another country is willing to pay for it, they will divert a Tanker in a second to the highest bidder of its load and lots of counties use primarily diesel for example.

remember people are buying tanker full way out in advance so if something happens whatever the reason, they need to get it somewhere else, and they will have to pay more and it trickels everywhere.

Jim Bohannon on his radio show at Night long long time ago had a very smart oil guy on and explained the who business for a couple hours, ultimately that was the jest of it. What someone will pay for it, not surprising, as that is true for everything.

It was a very intriguing program that night.

 

[NH-MAN]

It basically comes down to what another country is willing to pay for it, they will divert a Tanker in a second to the highest bidder of its load and lots of counties use primarily diesel for example.

remember people are buying tanker full way out in advance so if something happens whatever the reason, they need to get it somewhere else, and they will have to pay more and it trickels everywhere.

Jim Bohannon on his radio show at Night long long time ago had a very smart oil guy on and explained the who business for a couple hours, ultimately that was the jest of it. What someone will pay for it, not surprising, as that is true for everything.

It was a very intriguing program that night.

btw he was just a smart straight forward guy there was nothing weird about him or agenda.