Good news | Bad News

lonewolf · Post by **lonewolf** » Wed Nov 12, 2008 9:06 pm

The good news is that wholesale gas futures have dropped to the point where gas at the pumps will be below $2 between now and this time next month.

The bad news is that this is a leading indicator of deeper recession in late spring.

f.sciarrillo · Post by **f.sciarrillo** » Wed Nov 12, 2008 9:11 pm

It is not going to be a recession. It is going to be a depression.

lonewolf · Post by **lonewolf** » Wed Nov 12, 2008 9:13 pm

f.sciarrillo wrote:It is not going to be a recession. It is going to be a depression.

Shhhhhhhhhh

f.sciarrillo · Post by **f.sciarrillo** » Wed Nov 12, 2008 9:15 pm

Sorry to be so optimistic. I can't control myself.

Banned · Post by **Banned** » Wed Nov 12, 2008 9:20 pm

I just filled up today paying $2.25 per gallon. Oil closed at $55 a barrel of crude.

Wasn't there a certain drummer from the band "The Hawks" who prognosticated that oil and gas would go down during the election period and then jump right up to the previous high prices???? Well the elections is sadly over, and prices are dropping to lows of 2 years ago. Should we have expected any thing else from this drummer?

Lisa · Post by **Lisa** » Thu Nov 13, 2008 12:39 am

Gas here is $2.29! Love it.....Plus with the new road open, it now takes me only 30 minutes exactly to get to my job on University Park from Philipsburg and only two red lights....that's saving gas too!

PanzerFaust · Post by **PanzerFaust** » Thu Nov 13, 2008 1:03 am

$1.75 at the Sheetz here in Winchester VA...

sad thing is the snot nose kid behind the counter knows I'm from Altoona and he always says... "Dude this shit comes from Altoona why's it so much more up there"? hehe...

In his best Beavis and Butthead accent.....

http://www.virginiagasprices.com/

JackANSI · Post by **JackANSI** » Thu Nov 13, 2008 2:39 am

as someone who thought gas would remain expensive I've never been so glad to be wrong. I use 3.5 gallons a day to get to and from work (and the wrx takes 93oct). So I guess this is as close to a tax break I'll be getting

Everything everyone knows about how the economy works is going to be rewritten.

lonewolf · Post by **lonewolf** » Thu Nov 13, 2008 3:47 am

JackANSI wrote:
Everything everyone knows about how the economy works is going to be rewritten.

Nope...its all just supply, demand, greed and fear--always has been and always will be.

Chuxema · Post by **Chuxema** » Thu Nov 13, 2008 3:50 am

lonewolf wrote:Nope...its all just supply, demand, greed and fear--
always has been and always will be.

That is the Amerikan way brother!

Chuxema · Post by **Chuxema** » Thu Nov 13, 2008 3:54 am

Not trying to start an anti-Amerikan argument.
Just saying that this is what our country has become.
A once great nation founded on an amazing idea has
become nothing more than an empty plate for the
working class. We slave and we get nothing in return.
It is sad but it is also true. Not trying to start a fight
with anyone. I'm just saying. Please don't take this
the wrong way. The table scraps of the rich are the
life's blood of the poor.

Bag · Post by **Bag** » Thu Nov 13, 2008 4:29 am

Chuxema wrote: We slave and we get nothing in return.

I don't know, I slave away and get a paycheck every week. That paycheck allows me to pay my bills, drink beer, and watch/listen to rock n roll.

I like Amerika, for the most part. Can't think of ANY other country I'd rather live in. If I could think of a better one, I'm free to move there.

Chuxema · Post by **Chuxema** » Thu Nov 13, 2008 4:36 am

I just hate working from paycheck to paycheck.
The more you make the more they take. It sucks.

mjb · Post by **mjb** » Thu Nov 13, 2008 4:48 am

Chuxema wrote: The more you make the more they take.

Good One.

Chuxema · Post by **Chuxema** » Thu Nov 13, 2008 4:54 am

Not meant to rhyme or anything but hey it works.

lonewolf · Post by **lonewolf** » Thu Nov 13, 2008 2:36 pm

lonewolf wrote:
...its all just supply, demand, greed and fear--always has been and always will be.

I forgot to mention one...WIDGETS.....its all about supply, demand, greed, fear and WIDGETS.

The trouble in America today is that we aren't making enough widgets. America has always risen from the ashes in the past and there is no reason to believe that we won't come out of this malaise stronger than ever.

JackANSI · Post by **JackANSI** » Thu Nov 13, 2008 3:53 pm

Chuxema wrote:The more you make the more they take.

Unless you're rich enough to afford a great accountant and international banking fees, then you get to keep most of it through loopholes.

I agree with you on one thing in this thread lonewolf, america will come out of it.

But the economy is shifting into something I've never thought I'd see. A completely logic-less, twitch reaction based monster. Controlled at the speed of light by computer programs with lofty goals that need to be met to please them.

Of course the smaller you break it down, the more it looks like it always has. But the big picture is changing swiftly.

Kind of like how they built the empire state building vs the WTC. Both contain the same basic parts if you break them down to the smallest level, but the design, structure, and construction is completely different.

DirtySanchez · Post by **DirtySanchez** » Thu Nov 13, 2008 4:36 pm

lonewolf wrote:
lonewolf wrote:
...its all just supply, demand, greed and fear--always has been and always will be.
I forgot to mention one...WIDGETS.....its all about supply, demand, greed, fear and WIDGETS.

The trouble in America today is that we aren't making enough widgets. America has always risen from the ashes in the past and there is no reason to believe that we won't come out of this malaise stronger than ever.

That is the key! Keep the fucking jobs here!

PanzerFaust · Post by **PanzerFaust** » Thu Nov 13, 2008 6:40 pm

I thought it was all ball bearings these days?

moxham123 · Post by **moxham123** » Thu Nov 13, 2008 7:01 pm

I got gas in Winchester, VA yesterday and it was $1.839. Too bad it is not that here. When is the last time time we saw gas under $1.89 in PA?

lonewolf · Post by **lonewolf** » Thu Nov 13, 2008 7:22 pm

JackANSI wrote:But the economy is shifting into something I've never thought I'd see. A completely logic-less, twitch reaction based monster. Controlled at the speed of light by computer programs with lofty goals that need to be met to please them.

Of course the smaller you break it down, the more it looks like it always has. But the big picture is changing swiftly.

Kind of like how they built the empire state building vs the WTC. Both contain the same basic parts if you break them down to the smallest level, but the design, structure, and construction is completely different.

Technology does not change the underlying premise. This is not much different than 1929 or 2000, just different securities and different tools. It still comes down to supply, demand, greed, fear and WIDGETS.

Widgets? That covers whatever technology people come up with.

JackANSI · Post by **JackANSI** » Thu Nov 13, 2008 8:23 pm

lonewolf wrote:Technology does not change the underlying premise. This is not much different than 1929 or 2000, just different securities and different tools. It still comes down to supply, demand, greed, fear and WIDGETS.

ok, if you say so.

lonewolf · Post by **lonewolf** » Thu Nov 20, 2008 10:04 pm

Wholesale gasoline closed at

99.6 cents!

today...under a dollar for the first time in years & years.

This translates into $1.659 @ the pump in the next month or so!

f.sciarrillo · Post by **f.sciarrillo** » Thu Nov 20, 2008 11:42 pm

yep, it' 2.09 here now

songsmith · Post by **songsmith** » Sat Nov 22, 2008 4:17 pm

lonewolf wrote:Wholesale gasoline closed at

99.6 cents!

today...under a dollar for the first time in years & years.

This translates into $1.659 @ the pump in the next month or so!

Yep, here's Johnny eating crow.
I quoted a website a little over a month ago, saying gas would sit at $3.50 per gallon minimum pretty much forever, and I was wrong. The cheap gas takes some of the sting out of it for me, though.

You da man, Wolf!------->JMS
(edited because I missed a word)