speaking of fuel, does anyone know where, along 190, preferably at the port barre end, where we can get non-ethanol laced gas? the place we used to stop at went to ethanol crap, so we changed to a place in alex. now it is ethanol crap too. i hate ethanol, and it is getting harder to find straight gasoline. sounds like i dont want to see our credit card receipts the next several days. Yikes!
I’m willing to beat you don’t see a drop until after the 4th of July, they usually like to stick it to us that weekend and then they start dropping it a little. I may be wrong though, in any event it won’t drop until a few weeks after the drop in oil prices. Got to give time for the lower prices to trickle down to the pumps
Yesterday marked the largest drop in oil prices in about 2 years, more than 9 dollars a barrel. Weakening demand is what the pundits say, but I don't know. We've argued supply and demand before in this thread, and I maintain that the demand didn't spike the day the sh!t hit the fan in Egypt, which was about the time the price began the crazy climb its been in. Confidence was a contributing factor, and confidence following the death of Bin Laden probably was a contributing factor in yesterday's drop. The rule of thumb I've always heard is that every dollar per barrel equals 4 cents at the pump. If that's true, we should get a break soon, but I'm not holding my breath.
dont many of the govts in the middle east subsidize oil for their citizens? a way to try to placate them and keep them happy while they are still poor and being oppressed in many ways? i cant be 100% certain, but i think i remember reading that at one time or another. that would account for gas being so "cheap" in the middle east. granted, yes it is going to be, but i think part of it is subsidies.
Someone correct me if I'm wrong, but aren't there no refineries in the Mid East? If so, they've got to import gas. But even if that's not the case, no way are they doing $.25/gallon gas without major government subsidies. Even moreso at 100% imports.
There are HUGE refineries in the middle east. The worlds biggest is in Saudi Arabia. In Desert Storm they provided gasoline, diesel, and jet fuel free of charge for the entire coalition..
