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Why haven't gas prices come down?
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Owl 69/70/75 Offline
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Post: #41
RE: Why haven't gas prices come down?
(10-05-2011 12:32 PM)GeorgeBorkFan Wrote:  
(10-05-2011 11:45 AM)RobertN Wrote:  
(10-05-2011 11:21 AM)GeorgeBorkFan Wrote:  Let's play a fun game. Robert, please tell me exactly why the bridge collapsed. I know. And, it isn't a secret.
It was because the bridge was in disrepair and people like you don't want to pay the taxes needed to keep the bridges in safe working order. Any other questions?
Bull was right. It was a design flaw from day one. The gusset plates were undersized, not thick enough. The federal government likely oversaw design and construction of that bridge. Being a big government guy, you want these same people responsible for your health care. Sounds like a bright idea to me.
Deterioration was not a meaningful cause. And, since repair work was being done to the bridge at the time of collapse (and the method of repair contributed to the failure), I guess that shoots down your we-don't-want-to-pay-for-repairs-argument.
Please get educated before you comment. Please.

Nah. He enjoys being stupid too much.
10-05-2011 02:13 PM
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GrayBeard Offline
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Post: #42
RE: Why haven't gas prices come down?
Cheapest I could find it this weekend was $3.73/gallon.
10-05-2011 06:51 PM
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Post: #43
RE: Why haven't gas prices come down?
Down to 3.09 today here.
10-05-2011 07:21 PM
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smn1256 Offline
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Post: #44
RE: Why haven't gas prices come down?
(10-05-2011 11:45 AM)RobertN Wrote:  
(10-05-2011 11:21 AM)GeorgeBorkFan Wrote:  
(10-05-2011 10:36 AM)RobertN Wrote:  
(10-05-2011 08:02 AM)Lord Stanley Wrote:  
(10-05-2011 12:21 AM)Bull_In_Exile Wrote:  Right now gas near me is about 3.25....

And I'm at around $3.35 in the city.

We're getting snookered up here.
Maybe you should be paying more so that you don't have any more bridges collapse and kill lots of people?

Let's play a fun game. Robert, please tell me exactly why the bridge collapsed. I know. And, it isn't a secret.
It was because the bridge was in disrepair and people like you don't want to pay the taxes needed to keep the bridges in safe working order. Any other questions?

Hold it Rob, he does pay taxes. Why don't you bust the balls of the 50% of the population that doesn't pay taxes yet stilled used the ******* bridge? is it Bull's fault that:

1. the taxes he paid went someplace other than where it was needed?
2. that 50% of the people who used the bridge didn't pay one cent for its construction or maintenance?
3. that liberals are idiots?
4. and UMgrad is the most idiotic of them all?
10-05-2011 07:24 PM
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RaiderATO Offline
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Post: #45
RE: Why haven't gas prices come down?
Been dropping ~$.10 a week in and around Atlanta.
10-05-2011 07:24 PM
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aTxTIGER Offline
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Post: #46
RE: Why haven't gas prices come down?
(10-04-2011 08:33 PM)Owl 69/70/75 Wrote:  
(10-04-2011 05:59 PM)Machiavelli Wrote:  Oil is trading at 75 dollars a barrel according to MSNBC. When you were paying 3.75 this summer Oil was 112 dollars a barrel. So roughly 28% decrease in crude. Gas should be in the mid 2's.

Your math is wrong. WTI peaked at $112 in May, then dropped to around $100 for most of summer. At $100, the crude cost in a gallon of gasoline is about $2.50. Remaining $1.25 is refining and transportation and marketing costs that don't go up or down in proportion to price of crude. WTI is at about $78 now, and at a that price the crude cost in a gallon of gasoline is about $1.95. But that price is about 30 days out from retail market. WTI price a month ago was $85, or about $2.10/gallon. So right now you should be looking at about a 40 cents/gallon decline. And you should see another 15 cents or so come off in the next month, but right now refineries are building up heating oil inventories, so that may not come as quickly.

We're seeing a little bigger price decline here, but that 30 days is probably a few days shorter here. To get to $2.50/gallon for gasoline, crude price would have to go to about $1.25/gallon, or $50/barrel.

I'm glad you wrote that so I wouldnt have to.
10-06-2011 12:29 AM
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zeebart21 Offline
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Post: #47
RE: Why haven't gas prices come down?
(10-05-2011 10:34 AM)RobertN Wrote:  
(10-04-2011 10:47 PM)NIU05 Wrote:  
(10-04-2011 06:47 PM)THE NC Herd Fan Wrote:  It's all Obama's fault. 05-stirthepot

Yep.... he is getting oil $$$ for his campaign since his solar company went BK, 05-stirthepot
03-yawn More ignorant tea baggers spouting off things they know nothing about.

The way you comfortably throw that "tea bag" term around...its almost as if its something you do to your buds on a regular basis?? Am I right?
10-06-2011 06:56 AM
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smn1256 Offline
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Post: #48
RE: Why haven't gas prices come down?
Rob, instead of my taxes paying for a bridge I don't drive on, but people who don't pay taxes do, how about if Moochelle cut out a vacation or two and put that money towards the bridge repairs?
10-06-2011 09:06 AM
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sparkomemphis Offline
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Post: #49
RE: Why haven't gas prices come down?
(10-04-2011 08:33 PM)Owl 69/70/75 Wrote:  
(10-04-2011 05:59 PM)Machiavelli Wrote:  Oil is trading at 75 dollars a barrel according to MSNBC. When you were paying 3.75 this summer Oil was 112 dollars a barrel. So roughly 28% decrease in crude. Gas should be in the mid 2's.

Your math is wrong. WTI peaked at $112 in May, then dropped to around $100 for most of summer. At $100, the crude cost in a gallon of gasoline is about $2.50. Remaining $1.25 is refining and transportation and marketing costs that don't go up or down in proportion to price of crude. WTI is at about $78 now, and at a that price the crude cost in a gallon of gasoline is about $1.95. But that price is about 30 days out from retail market. WTI price a month ago was $85, or about $2.10/gallon. So right now you should be looking at about a 40 cents/gallon decline. And you should see another 15 cents or so come off in the next month, but right now refineries are building up heating oil inventories, so that may not come as quickly.

We're seeing a little bigger price decline here, but that 30 days is probably a few days shorter here. To get to $2.50/gallon for gasoline, crude price would have to go to about $1.25/gallon, or $50/barrel.


There are taxes added in at the pump. In Tennessee it's about $0.40 a gallon. In Georgia its about $0.48 a gallon.
http://www.easy-tax-information.com/stat...taxes.html
10-06-2011 04:45 PM
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Blazer4Life14 Offline
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Post: #50
RE: Why haven't gas prices come down?
Gas prices are still kinda high in B'ham, around $3.40. Prices around Knoxville are $3.09 or so.
10-06-2011 04:55 PM
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HoustonCougarNation Offline
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Post: #51
RE: Why haven't gas prices come down?
I found $3.01 on the west side of Houston.
10-07-2011 09:23 AM
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ETSUfan1 Online
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Post: #52
RE: Why haven't gas prices come down?
Up about 18 cents from yesterday here in East Tennessee. $3.27
10-07-2011 05:11 PM
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boss man Offline
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Post: #53
RE: Why haven't gas prices come down?
The range in the Memphis area is between $3.30 and $3.10. It has been dropping fairly steadily since August.

The Kiplinger Report has been saying for a while gas will fall to around $2.75 or so for most of the country just in time for the holiday season. Good news for retailers as sales are expected to spike up a bit due to the extra available income.
(This post was last modified: 10-08-2011 07:22 AM by boss man.)
10-08-2011 07:21 AM
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chargeradio Offline
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Post: #54
RE: Why haven't gas prices come down?
We got down to $3.15 in the East End of Louisville this week, but it looks like we'll be around $3.35 this weekend. What is odd is that gas has been cheaper in Louisville-where RFG is required-and more expensive in the suburbs where it is not.
10-08-2011 08:01 AM
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