Why hasn't cheaper gas supercharged our economy?
01-22-2016, 08:41 AM
#11
Don't be blind. Cheap oil prices are a weapon being used against Putin for his (mis)adventures in the Crimea and Ukraine. Count on it being this way until either:
A) Putin leaves/gets kicked out of office
or
B) A real shooting war breaks out with Russia
Everything else is just smoke and mirrors.
A) Putin leaves/gets kicked out of office
or
B) A real shooting war breaks out with Russia
Everything else is just smoke and mirrors.
01-22-2016, 08:45 AM
#12
Yup. Lower oil prices have helped some segments of the economy and hurt others.
But Rob, you first talk about the economy and then point to the stock market. I don't think the current mood on Wall Street reflects the health of the US economy so much as fear of what the oil crash might mean overall and fear about what is happening in China. The markets often move irrationally since they are basically a balance between fear and greed.
Food prices are dropping...at least at the Winn Dixie where I shop. But not as fast as the equity portion of my 403B retirement account. Fortunately equities only make up about a quarter of the total at the moment. Also I might be able to fly to Spring Fling for about 150 round trip!
But Rob, you first talk about the economy and then point to the stock market. I don't think the current mood on Wall Street reflects the health of the US economy so much as fear of what the oil crash might mean overall and fear about what is happening in China. The markets often move irrationally since they are basically a balance between fear and greed.
Food prices are dropping...at least at the Winn Dixie where I shop. But not as fast as the equity portion of my 403B retirement account. Fortunately equities only make up about a quarter of the total at the moment. Also I might be able to fly to Spring Fling for about 150 round trip!
01-22-2016, 09:09 AM
#13
Registered User
Oil over 100 a barrel and gas is 3 bucks+.
Oil is under 30 a barrel, gas should be a buck.
No, the cheapest station in Napa it's 2.53 a gallon.
And Napa is 15 miles from the production plants.
Oil is under 30 a barrel, gas should be a buck.
No, the cheapest station in Napa it's 2.53 a gallon.
And Napa is 15 miles from the production plants.
01-22-2016, 09:29 AM
#14
Yup. Lower oil prices have helped some segments of the economy and hurt others.
But Rob, you first talk about the economy and then point to the stock market. I don't think the current mood on Wall Street reflects the health of the US economy so much as fear of what the oil crash might mean overall and fear about what is happening in China. The markets often move irrationally since they are basically a balance between fear and greed.
Food prices are dropping...at least at the Winn Dixie where I shop. But not as fast as the equity portion of my 403B retirement account. Fortunately equities only make up about a quarter of the total at the moment. Also I might be able to fly to Spring Fling for about 150 round trip!
But Rob, you first talk about the economy and then point to the stock market. I don't think the current mood on Wall Street reflects the health of the US economy so much as fear of what the oil crash might mean overall and fear about what is happening in China. The markets often move irrationally since they are basically a balance between fear and greed.
Food prices are dropping...at least at the Winn Dixie where I shop. But not as fast as the equity portion of my 403B retirement account. Fortunately equities only make up about a quarter of the total at the moment. Also I might be able to fly to Spring Fling for about 150 round trip!
Tof,oil price is going up today,so is Canadian $$$ 
01-22-2016, 09:45 AM
#15
01-22-2016, 10:01 AM
#16
Yup. Lower oil prices have helped some segments of the economy and hurt others.
But Rob, you first talk about the economy and then point to the stock market. I don't think the current mood on Wall Street reflects the health of the US economy so much as fear of what the oil crash might mean overall and fear about what is happening in China. The markets often move irrationally since they are basically a balance between fear and greed.
Food prices are dropping...at least at the Winn Dixie where I shop. But not as fast as the equity portion of my 403B retirement account. Fortunately equities only make up about a quarter of the total at the moment. Also I might be able to fly to Spring Fling for about 150 round trip!
But Rob, you first talk about the economy and then point to the stock market. I don't think the current mood on Wall Street reflects the health of the US economy so much as fear of what the oil crash might mean overall and fear about what is happening in China. The markets often move irrationally since they are basically a balance between fear and greed.
Food prices are dropping...at least at the Winn Dixie where I shop. But not as fast as the equity portion of my 403B retirement account. Fortunately equities only make up about a quarter of the total at the moment. Also I might be able to fly to Spring Fling for about 150 round trip!
If you are coming to Phila for Spring Fling. please do let me know.
01-22-2016, 10:25 AM
#17
01-22-2016, 01:02 PM
#18
Originally Posted by Zippy' timestamp='1453489298' post='23860265
(But I am a physicist and claim to know nothing really of business, and could be amazingly wrong).
01-22-2016, 01:30 PM
#19
Thread Starter
01-22-2016, 01:45 PM
#20
Well, there is a lot more that figures into the price of gas at the pump than oil price but I do get what you mean. Oddly, cheapest price in town here is about $1.25 for regular but mostly it's over $1.50. Premium at about .40 to .50 more. I do think that at the retail level, they have been doing pretty well lately with profit. The oil companies, not so much.