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Lsut81 
LSU Fan
Member since Jun 2005
54822 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 2:47 pm to Powerman)
quote:
And I noticed you and everyone else dodged the question about what happened when everything crashed in 08
Gas prices went down
EVERYTHING crashed in 08'...
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Lsut81
LSU Fan
Member since Jun 2005
54822 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 2:51 pm to Powerman)
quote:
I can say this much. If gas prices go down to 1.50 anytime in the near future, it won't be a good sign.
It would spur the economy being that people would have additional money in their pockets to infuse into the economy... Retail sails have tanked due to people losing out on 2% of their pay.
I'd say that 1.50 gas would average out to about a 2% increase in salary for the average american.
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Choctaw 
Navy Fan
Pumpin' Sunshine
Member since Jul 2007
39768 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 3:18 pm to Lsut81)
Libs wanted heads to roll when gas was $2.00 under Bush.....now its twice that but it's because the economy is doing so super duper.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 3:57 pm to Lsut81)
quote:
It would spur the economy being that people would have additional money in their pockets to infuse into the economy...
Right
So long as their livelyhood isn't tied to upstream production
Ya know...like a lot of people in South LA
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:02 pm to Lsut81)
quote:
EVERYTHING crashed in 08'...
Right
And what happened to gas prices? 
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BBONDS25
LSU Fan
Member since Mar 2008
11691 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:05 pm to Powerman)
In summer of 08 it was over 4 dollars. By Christmas it was below 2....if I recall correctly.
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Wally Sparks 
Louisville Fan
Atlanta
Member since Feb 2013
2081 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:07 pm to BBONDS25)
quote:
In summer of 08 it was over 4 dollars. By Christmas it was below 2....if I recall correctly.
Correct:
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Lsut81
LSU Fan
Member since Jun 2005
54822 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:11 pm to Powerman)
quote:
And what happened to gas prices?
Whats so funny? Like I stated EVERYTHING tanked, not just gas prices.
So if gas prices are the indicator, then why isn't EVERYTHING at record highs right now?
Using your logic, unemployment should be at all time lows, GDP should be at all time highs, etc....
This post was edited on 2/18 at 4:15 pm
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:17 pm to Lsut81)
quote:
So if gas prices are the indicator, then why isn't EVERYTHING at record highs right now?
Are gas prices at record highs right now? No
They're still not close to the 2008 summer highs
The market indices are closer to their all time highs than gas prices are
quote:
Using your logic, unemployment should be at all time lows, GDP should be at all time highs, etc....
I said that it can be "a" indicator. I didn't say that you can simply look at gas prices and get a pulse for the health of the economy.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:18 pm to BBONDS25)
quote:
In summer of 08 it was over 4 dollars. By Christmas it was below 2....if I recall correctly.
Right
What happened in 2008 that might have caused that?
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Lsut81
LSU Fan
Member since Jun 2005
54822 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:18 pm to Powerman)
quote:
Are gas prices at record highs right now? No
For February, yes they are...
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:19 pm to Lsut81)
quote:
For February, yes they are...
Why do you choose to isolate the month? We're not talking about the weather.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:22 pm to Powerman)
I guess I don't understand why anyone thinks that something spectacular is happening here
Is a 51 cent jump in 60 days somehow unprecedented?
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Purple Spoon
Yale Fan
Hoth
Member since Feb 2005
4147 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:24 pm to Powerman)
More expensive formulas are sold during summer partially causing higher price during that time correct?
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Lsut81
LSU Fan
Member since Jun 2005
54822 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:25 pm to Powerman)
quote:
Why do you choose to isolate the month?
Why the frick wouldn't I?
quote:
We're not talking about the weather.
WTF are you blabbing about?
So we should pick and choose when to use certain economic factors?
Ok, Ill take the unemployment number from last July, the gas prices from this month, the GDP from last quarter, consumer confidence from 4 months ago, etc....
Is that how you want to do it, want to pick and choose to make it fit your argument?
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:29 pm to Lsut81)
quote:
Why the frick wouldn't I?
Because it's completely arbitrary. And judging by your dumb frick non response, you haven't proven that it isn't.
quote:
So we should pick and choose when to use certain economic factors?
You mean like you just did by narrowing it down to February only?
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:32 pm to Purple Spoon)
quote:
More expensive formulas are sold during summer partially causing higher price during that time correct?
Sometimes prices are higher in the summer. Sometimes they aren't.
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Lsut81
LSU Fan
Member since Jun 2005
54822 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:32 pm to Powerman)
quote:
You mean like you just did by narrowing it down to February only?
When the frick are we supposed to be talking about???
quote:
Gas Prices Soar 51 Cents in Just Two Months
Thats the title of the thread which would mean we are talking about the present...
Whats so fricking hard to figure out? Gas prices are higher than they have ever been for this time period.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:34 pm to Lsut81)
quote:
When the frick are we supposed to be talking about???
When we're talking about "all time highs" I suppose we'd be talking about all times. Not all time highs for the arbitrary month of fricking February.
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texashorn
Member since May 2008
1089 posts
| re: Gas Prices Soar 51 Cents in Just Two Months (Posted on 2/18/13 at 4:53 pm to CajunAngele)
I read a good story in the Dallas newspaper that explained some of the price differential across the country, and some of it has to do with transporting oil to refineries, by rail, by sea or by pipeline, and some of it has to do with the world market.
Markets on the east and west coast find it cheaper to buy their oil on the world market, then refine it; buying oil from the Midwest and Texas is cost prohibitive. Brent crude costs more than West Texas crude, and that is reflected in the price of gas, but it would be even more expensive if the coasts had to send in "American" oil by rail.
The Midwest and Texas have a pipeline system set up to (relatively efficiently) get oil that is being taken from the ground in those areas to local refineries, then the product to local markets.
The wild card in all of this is world demand; fuel that is refined in Texas, for instance, is finding a much higher price overseas, so that's putting some upward pressure on local prices.
In short, the refineries in Texas, North Dakota, Louisiana are buying low, and selling high.
Cheap, "homegrown" oil is not equating to cheap gas for those areas.
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