Grrr...Gas went Up!

by sammielee24 15 Replies latest jw friends

• 

  JimmyPage

  Of course gas went up. My mother-in-law informed me that the Society said gas would be $10 a gallon by January.

  Of course at the time she said it the letter about the book study change had just been read (and of course the reason for the meeting change was to help out with high gas prices).

  I wasn't quick to put stock in the rumor but my wife informed me that the Society usually knows what will happen in the world before it occurs.

  Unfortunately my mother-in-law is out of town for quite some time and I won't be able to inform her in January that she was right about the whole $10 a gallon thing.

  Actually it's not too unfortunate that she's out of town because I really don't care for her company.

  I digress, though. If by some miracle gas is not as high as the Society prophesied then she probably would not remember the prediction anyway.
• 

  hillbilly

  The "retailer" makes about the same cut at the pump as he did 30 years ago.

  Most gas stations make enough in gas sales to pay the light bill for the store. If not for over priced pop, beer, and lotto tickets most gas stations would fold up.

  increase is seasonal... and OPEC will play its silly game by shrinking production as demand has tapered off due to their price fixing over the summer.

  Gas went to $1.50 and the problem was over.... try again folks.

  Hill
• 

  WTWizard

  I pay nothing to fill up my bicycle with gas, because it doesn't use any. Let them start charging $500 a gallon--I will just pedal right by them.
• 

  PrimateDave

  39 cents per liter here. I'm not complaining.
  
  Energy Bulletin
  
  

  The markets’ reaction to [OPEC's] decision suggests that production [should that read demand ?] continues to fall faster than is generally thought and that skepticism about whether the cuts will be made continues. The US crude inventory continues to increase and the international oil companies recently booked 25 supertankers capable of storing 50 million barrels of oil as floating storage. US demand for petroleum products continues to run about 1.2 million b/d lower than last year. Chinese demand in November was down about 3.5 percent over last year, the first drop in consumption in nearly 3 years. While it will be several months before we can judge the effectiveness of the new cut, suggestions that it will take cuts totaling 6 or 7 million b/d to rebalance the oil market may not be far off the mark.

  
  
  Will lower oil prices by themselves improve the economy? Remember that during the Great Depression a barrel of oil (42 US Gallons) sold for well under a dollar.
  
  London Banker
  
  

  I’m now coming down on the side of deflation for a very simple reason: there is no longer any incentive to save or invest, and so debt and investment cannot increase much beyond current bloated levels....
  
  the yield on government debt has dropped to negative territory....
  
  Anyone sitting on a pile of cash now is unlikely to want to either (a) place it in a bank, or (b) invest it in the stock market. As a result, the implosion of the financial and real economy must continue no matter how big the central bank’s aspirations for its balance sheet or the treasury’s aspirations for its deficit....
  
  The result of discouraging domestic and foreign creditors and investors must be inevitable deflation as debt levels become increasingly hard to finance and ultimately contract. Irresponsible central banks and governments can try to bail out the failed banks, businesses and municipalities at the centre of every popped bubble, but the bubble economies are ever more certain to deflate with each bailout. Each bailout further undermines the market discipline which is bedrock to a saver or investor’s decision to part with hard-earned cash by trusting it to the intermediation of the management of a bank or business....
  
  It is now clear to me that policy makers in the West are determined to apply every available resource to underpinning failure, misallocation and executive excess.

  
  
  Dave
• 

  DJK

  I filled up a few times at a $1.59. This week is was $1.69 and yesterday it was $1.71.
• 

  is there help out there

  Oil droped to $34.00 the lowest in 4 years and gas should drop next week.