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Gas prices

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  #1  
Old 01-20-2021, 06:57 AM
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Default Gas prices

Anybody willing to guess how high gas prices will be in year and 4 years. IMO $3.50 and above $5.00. So will say that good thing, and some will say its economy killer. It will affect everything, most all food prices. There will Alway be demand for crude oil and coal.
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Old 01-20-2021, 07:47 AM
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It will definitely go up, but don't worry......the national minimum wage that's going to go up will offset the cost.....
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Old 01-20-2021, 07:48 AM
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the worst it ever got for us was in Ct., with prices of 4.85. it's anybody's guess what it will be now, got to wait & see what the new climate director, of whatever, does. (if we stick to point, we should be able to discuss the thread further-am keeping names out.) it would be nice if we could keep current prices stable.
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Old 01-20-2021, 08:33 AM
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Ya can't keep spending billions and trillions without some source of revenue!!!!
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Old 01-20-2021, 08:36 AM
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Please try to stay on the topic and avoid turning this into a partisan or political discussion...or the thread will be closed.

It's worth a try to see if focus can be maintained....

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Old 01-20-2021, 08:36 AM
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At least $ 4. They will put a large tax on gas so we can help people here illegally get free stuff.
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Old 01-20-2021, 08:42 AM
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Ever been to Hawaii?
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Old 01-20-2021, 08:46 AM
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Buy Oil and Refinery Dividend Paying Stocks. Your profits will far exceed your cost of gasoline.

The more you "clamp down" on something the more it rises in value. (Supply and Demand).

Windmills, Batteries and Solar Panels (are made of Oil)(Require Oil to be delivered and require Oil to be installed and maintained." The irony of "Clamping down on Oil".
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Old 01-20-2021, 10:38 AM
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No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.
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Old 01-20-2021, 10:49 AM
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Yes, oil is a global commodity but the US is far from a small player. In fact, the US is the largest producer of oil in the world.

Quote:
Originally Posted by gatorbill1 View Post
No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.
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Old 01-20-2021, 10:52 AM
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Default Your answer is correct BUT

Quote:
Originally Posted by gatorbill1 View Post
No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.
let’s not a sensible answer get in the way of another conspiracy thread
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Old 01-20-2021, 10:57 AM
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Quote:
Originally Posted by gatorbill1 View Post
No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.
Quite the opposite. We are the LARGEST player.

Top ten largest oil-producing countries in the world
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Old 01-20-2021, 11:05 AM
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Quote:
Originally Posted by Kenswing View Post
Quite the opposite. We are the LARGEST player.

Top ten largest oil-producing countries in the world
.
.
for now
.
.
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Old 01-20-2021, 11:25 AM
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Matter of supply and DEMAND. People now more likely to work from home, travel is down, fuel efficient cars getting more prevalent etc. We in TV should have the least worries about gas prices. Since moving here I buy less than 10 gallons of gas a month for the cart and car gets filled(20 gallons)up once a month. Even if gas goes to $4 a gallon, this additional cost will be negligible.
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Old 01-20-2021, 11:30 AM
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Quote:
Originally Posted by gatorbill1 View Post
No individual or even country controls gas prices. Oil is sold on the commodity market based on supply and demand. A lot of supply is controlled by Middle East countries including Saudi Arabi. Russia seems to have a hand in pricing also. We are a small player.
Yep, when fracking no longer allowed, natural gas cheap right now, won’t be where fracking stops. Next step back to coal.
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