OT Dow Jones Down

Discussion in 'Blazers OT Forum' started by Lanny, Mar 9, 2020.

  1. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    FTFY
     
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  2. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Can't wait until Michael Lewis' movie about this all.
     
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  3. kjironman1

    kjironman1 Well-Known Member

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    Not having a hard time at all with your facts. Just having a hard time with the fact that regular gas in Oregon/Washington is at $2.80-90 while other areas are much cheaper but still way too high.
    Like the national average being down only .17 cents when the price for a barrel of oil is historically low?
     
  4. kjironman1

    kjironman1 Well-Known Member

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    Close enough for me.
     
  5. yankeesince59

    yankeesince59 "Oh Captain, my Captain".

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    To be honest, aside from being aware of oil company greed, I've never really understood how the fluctuation can be so great either. I mean there can be $0.25 difference between the price along interstate highways or metros areas vs rural prices...or even state to state although of course, differences in fuel taxes that other states may levy can also sometimes add to the discrepancies.
    I've noticed just going from Ga to Fla there can be $.40-.50 a gallon differences in price...another thing I wrestle with is when there's a hurricane in the gulf of Mexico, why does gas go immediately up $.25 or so?...I mean the oil those platforms has not even made it to the gas pumps yet.

    ...actually, I'm not sure they really want us to "figure it out".
     
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  6. e_blazer

    e_blazer Rip City Fan

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    Oregon, Washington and California all require ethanol to be blended into the gas, and they all have high gas taxes. California also has a state cap and trade law that raises the cost at the pump.
     
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  7. Shaboid

    Shaboid Well-Known Member

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    Fuel taxes aside, I think having refineries near by is a major factor.
     
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  8. yankeesince59

    yankeesince59 "Oh Captain, my Captain".

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    Yeah, I'm sure distribution cost have something to do with it too.

    But I would think that points along major highways would be cheaper because of that fact, but it seems that it's been my experience that it's usually the opposite...who knows.
     
  9. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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  10. Hoopguru

    Hoopguru Well-Known Member

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    They all belong to the illuminati and the CFR!
     
  11. ehizzy3

    ehizzy3 RIP mgb

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    Bailing out the corporations instead of the regular American. Didn’t trump run against that?
     
  12. SportsAndWhine

    SportsAndWhine Dumbass For Hire

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    Or die.
     
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  13. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    He *was* also against all the QE and FED policies that helped out Obama. Grass is greener on the other side I guess.
     
  14. UncleCliffy'sDaddy

    UncleCliffy'sDaddy We're all Bozos on this bus.

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    It’s an old ass explanation, but my dad told me as a kid that the gas was higher on the interstates because the traveler was paying for the “convenience”, rather than dealing with the time and hassle of finding your way around a (likely) strange town looking to save a few cents a gallon. At the interstate gas stations you just gas up and keep going. As a recent hardcore road tripper it sounds reasonably plausible to me.....
     
  15. kjironman1

    kjironman1 Well-Known Member

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    Both of these issues are true and absolutely part of the overall equation but what we are dealing with now is the world price has dropped well below $30 a barrel. That is the point. Oregon and Washington have seen even less than the national .17 cents reduction that should be around .70-.90 cents at the very least. We should be paying $2 or less a gallon right now with the taxes and no refineries in our general location.
     
  16. kjironman1

    kjironman1 Well-Known Member

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    Sure. Lets go limit up now after dropping 3000 points. It's kind of like a bunch of rich people are just playing with monopoly money. Futures currently up 680 points.

    Edit 760 points up
     
  17. UncleCliffy'sDaddy

    UncleCliffy'sDaddy We're all Bozos on this bus.

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    Another part of the reason gas is cheaper the farther east you go is that, unlike the west there are a shitload of major transportation centers (airports in particular) that are all a great (great) deal closer together than out west. Gas is far more plentiful (being much closer to the refineries) and much cheaper to transport.
     
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  18. donkiez

    donkiez Well-Known Member

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    That's exactly what's happening. It's tanking but they will shake you down for all you have on the way down.
     
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  19. Hoopguru

    Hoopguru Well-Known Member

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    pay for service!
     
  20. julius

    julius I wonder if there's beer on the sun Staff Member Global Moderator

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    So, par for the course then.
     

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