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  #11  
Old 05-06-2012, 12:10 PM
Givemegold Givemegold is offline
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When the price of energy goes down it will cause growth in other sectors of the economy for one simple reason people will have more money to spend else where. It is a percentage. It means it is cheaper to ship things, etc.... the price of energy going down helps the economy right? The energy giants will make plenty of profits anyways. You are taking that money out of their pockets and putting it into the economy. The price of oil tanking is a good thing except for the energy rip off artists.
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  #12  
Old 05-06-2012, 08:58 PM
konsole konsole is offline
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Quote:
Originally Posted by agmoose View Post
$3.65 here in Tampa......not sure where its under $3 at......
pretty sure the rbob price doesnt include taxes and gas station markups
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  #13  
Old 05-07-2012, 07:59 AM
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Quote:
Originally Posted by konsole View Post
pretty sure the rbob price doesnt include taxes and gas station markups
Right, so essentially those numbers are useless. It's basically $4 bucks a gallon or close enough that well call it $4 bucks a gallon.
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  #14  
Old 05-07-2012, 11:24 AM
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Quote:
Originally Posted by adams684 View Post
http://www.cnbc.com/id/47295638
Oil prices were in free fall Friday as worries about a weakening global economy combine with seemingly ample supplies and less fear of a confrontation with Iran.
These comments always crack me up, like CNBC conducted a poll of everyone who bought and sold crude today.

Quote:
Traders also point to new margin requirements by the CFTC, announced Thursday. However, those requirements do not go into effect until August, and the bigger factor behind the selling is concerns about a global slowdown.
This is the only thing speculators understand and speculators control the oil trade today.

Quote:
But the big driver is the concern that the U.S. economy is not strong enough to withstand a weak European economy and slower growth in China. The disappointing April jobs report Friday, showing just 115,000 nonfarm payrolls were added, was the latest catalyst for a second day of heavy selling.
The oil market is changing over from winter fuel to summer fuel, odd that for an article that acts like they want to explain what is going on, the Largest market changer for supply and demand isn't even mentioned.


Quote:
“We had one positive thing (U.S. ISM manufacturing data) and about 10 negative things, and now it’s all starting to come to a head,” said trader Anthony Grisanti of GRZ Energy. “You can’t just ignore what is going on in the world.”
Speculators are speculating that the chart screams TOP and time to change direction.

Quote:
Earlier this week, government data showed that crude oil inventories were at their highest level since September 1990. Stockpiles nationwide rose by 2.84 million barrels last week. Inventories at the key Cushing, Okla., hub hit a record high and gained 4.4 million barrels, or 11.5 percent, over the past six weeks.
More meaningless data which once again is trying to state there are market forces at play, not electioneering or the hidden hand at work.
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  #15  
Old 05-07-2012, 12:58 PM
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ankh_mm ankh_mm is offline
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$3.99 9/10 in Northern Illinois, at some places it's $4.05 9/10
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  #16  
Old 05-07-2012, 01:46 PM
adams684 adams684 is offline
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$3.39 here in KS.

What was interesting is yesterday morning we went out, needed gas natually, and bought at $3.44 a gallon, upon return a few hours later the same station had dropped it's price down to $3.39.
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  #17  
Old 05-07-2012, 04:13 PM
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Yeah, it's in free fall alright, went from 3.71, where it actually stayed for a couple of weeks to the new price which is 3.65
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  #18  
Old 05-07-2012, 05:03 PM
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Went down six cents from this morning to this afternoon in town.
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  #19  
Old 05-07-2012, 05:37 PM
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Gasoline prices will continue to drop; deflation is in the air.

PS: Just filled up my vehicles with the last of my stockpile. Hopefully I timed it just right for the drop.
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  #20  
Old 05-07-2012, 10:57 PM
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JohnnyLaw JohnnyLaw is offline
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Quote:
Originally Posted by Silver Bull Steve View Post
There is no deflation. The money supply has not stopped expanding. This is a bubble in US government bonds. Beware to all who buy into the lies of the 'crashing' commodity markets. I'd put my faith in hard assets sooner than I would the international banksters like Uncle Benny and cousin Timmy who are driving us into the ground. Just like housing, it's always calm before the storm

For those you who don't believe me, go look up the dictionary terms of inflation of deflation. It has to deal with the money supply not prices. Prices do not always follow the money supply immediately but in time they do. Ha, speculators GMG figures banking stooges like you would come up with lame excuses rather than put the blame where it belongs, on the Federal Reserve and US Government for loose monetary policy and inflationary economics. Failures like you will never understand.
Sorry, but only greed and fear rule the markets. Plenty of gold bulls from the seventies who shared your view, only to be holding the mighty yellow metal for 3 decades before it returned to where they purchased. How much do you suppose that cost them?

Certainly a very large case can be presented as to why the Fed would stop publishing the M3 numbers, the World's Reserve Currency does have supporters who aren't quite so supportive. Yes a deflationary case can been made and a very believable one. Nothing goes up forever.
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