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JDDavis

(725 posts)

5. Yes, and not just from the retailers and refineries.

Reply to JimDandy (Reply #3)

Fri Dec 12, 2014, 12:05 AM

Dec 2014

A large part of the increase in price per gallon was due to the influx of speculators.

Although some reduction in the amount of speculation has come about here in the US commodities markets, speculators still are in high numbers worldwide.

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Oil Prices Drop Below $60 For First Time In More Than 5 Years [View all] Purveyor Dec 2014 OP

Only 5 years? SoapBox Dec 2014 #1

Oil will continue to drop.... Lugano Dec 2014 #2

In July 2009 the avg retail price of gasoline was $1.68/gal JimDandy Dec 2014 #3

Yes, and not just from the retailers and refineries. JDDavis Dec 2014 #5

Thanks for that. I have been meaning to research the way-back price Purveyor Dec 2014 #8

Oh not just gouged - we are being royally shafted PumpkinAle Dec 2014 #10

It's down to $2.28 at the christx30 Dec 2014 #12

The July 2009 price was ~ 2.50/gal. Psephos Dec 2014 #13

$2.27 in southwest Missouri Mad-in-Mo Dec 2014 #16

We're at $2.39 here in Minnesota, and I've heard it's $1.99 in Oklahoma. NickB79 Dec 2014 #17

what I would really like to see happen, ... quadrature Dec 2014 #4

Why? I don't understand why you "really would like that". JDDavis Dec 2014 #6

China --> export hogs ... quadrature Dec 2014 #9

In 2013 China exports - $2.2 trillion, imports - $1.9 trillion. Germany exports - $1.5 trilliion, pampango Dec 2014 #15

Because the only thing that stopped CO2 emissions so far was a global recession? NickB79 Dec 2014 #19

That will be the beginning of World War III. roamer65 Dec 2014 #7

And 1+ billion people fall back into abject poverty? pampango Dec 2014 #14

Well, it's that or the planet burns from climate change NickB79 Dec 2014 #18

Each Chinese produces much less pollution than each American. Why pampango Dec 2014 #20

Because Nature doesn't give a damn about per capita anything NickB79 Dec 2014 #23

It was under $20 before Dubya. Spitfire of ATJ Dec 2014 #11

quality crude oil is so easy to get in many countries, I think 10 or 20 a barrel is enough to pay Sunlei Dec 2014 #21

So you would like to pay $20 per barrel to burn the fuel? JDDavis Dec 2014 #22