Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:49 PM

GasBuddy News Article

42
votes
How The Price of Oil and Gasoline Could Crash

Forbes -- I like to keep an eye out for scenarios that may be unlikely, but if they unfold will come on fast and without the types of warning signs that people expect. Here is one:

Steel prices are already moving downward. Slower growth out of the developing world continues to support that trend. Slower developing world growth will also drive down margins for heavy equipment manufacturers like Caterpillar CAT -0.1%.

Increasing interest rates are slowing the housing recovery and lessen the demand for construction workers. This current rate rise is a bit of a conundrum, but for now lets assume that it makes sense and is not simply based on the market misreading the Fed’s intentions or the Fed itself being stuck in some sort of odd policy trap.

This gives us a scenario where steel, earthmovers and


Read the Full Article

Submitted Jun 22, 2013 By: tamsey
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: How The Price of Oil and Gasoline Could Crash Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,421
Points:2,301,690
Joined:Nov 2008
Message Posted: Jun 28, 2013 5:47:26 AM

I'm fine w/ prices going down to levels we saw before Augsut 2008...
Profile Pic
RockCity
Champion Author Denver

Posts:10,998
Points:2,111,835
Joined:Mar 2009
Message Posted: Jun 24, 2013 2:29:29 AM

Well, let's hope not, perhaps.

[Edited by: RockCity at 6/24/2013 2:29:55 AM EST]
Profile Pic
032946
Champion Author Twin Cities

Posts:22,808
Points:4,707,410
Joined:Oct 2001
Message Posted: Jun 23, 2013 5:44:30 PM

Old, Old News!
Profile Pic
Tiernan
Champion Author Chicago

Posts:6,299
Points:1,508,030
Joined:Sep 2005
Message Posted: Jun 23, 2013 12:43:08 AM

We'll see. It would be nice...
Profile Pic
tankumo
All-Star Author Vancouver

Posts:958
Points:371,605
Joined:Dec 2012
Message Posted: Jun 23, 2013 12:41:14 AM

The left will try to stop pipelines.
Profile Pic
goldseeker
Champion Author West Virginia

Posts:23,327
Points:3,406,980
Joined:Sep 2005
Message Posted: Jun 23, 2013 12:21:07 AM

Old indeed.
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,669
Points:3,129,495
Joined:May 2005
Message Posted: Jun 23, 2013 12:18:21 AM

old news
Profile Pic
Double_Golden
Champion Author San Francisco

Posts:4,086
Points:1,120,905
Joined:Aug 2011
Message Posted: Jun 23, 2013 12:16:47 AM

"The Price of Oil and Gasoline Could Crash"

yeah, that would be in dreamland...
Profile Pic
esquared
Champion Author Oklahoma City

Posts:10,311
Points:2,542,095
Joined:Jan 2006
Message Posted: Jun 23, 2013 12:12:27 AM

Hmmm....
Profile Pic
Harry813
Champion Author Iowa

Posts:4,724
Points:1,282,195
Joined:Jul 2011
Message Posted: Jun 23, 2013 12:11:52 AM

Ho Hum...
Profile Pic
N5EXY
Champion Author Austin

Posts:8,409
Points:2,201,095
Joined:Jul 2004
Message Posted: Jun 23, 2013 12:10:11 AM

A midsummer night's dream.
Profile Pic
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Jun 23, 2013 12:08:31 AM

Then there will be a few more refinery maintenance, etc. & prices will go up again.
Profile Pic
joel27nc
Champion Author Raleigh

Posts:13,442
Points:2,546,745
Joined:Mar 2008
Message Posted: Jun 23, 2013 12:08:30 AM

I'm not going to try to dissect this one.
Profile Pic
pa79th
Champion Author Pennsylvania

Posts:4,661
Points:1,886,775
Joined:Jun 2007
Message Posted: Jun 23, 2013 12:08:29 AM

Besides, the dollar would drop in value right along with it.
Profile Pic
arb0526
Champion Author Greensboro

Posts:2,781
Points:582,685
Joined:Mar 2011
Message Posted: Jun 23, 2013 12:08:18 AM

ok
Profile Pic
pa79th
Champion Author Pennsylvania

Posts:4,661
Points:1,886,775
Joined:Jun 2007
Message Posted: Jun 23, 2013 12:08:00 AM

Old news leftover from yesterday!
Profile Pic
heartbroken2010
Champion Author Ottawa

Posts:7,225
Points:1,588,560
Joined:Aug 2010
Message Posted: Jun 23, 2013 12:07:59 AM

Lessons from the past are learned lessons.
Profile Pic
DragonLady76
Champion Author Illinois

Posts:2,203
Points:594,380
Joined:Feb 2009
Message Posted: Jun 23, 2013 12:07:13 AM

DON'T GET TOO EXCITED!
Profile Pic
PrinceLH
Champion Author Ontario

Posts:5,602
Points:1,229,870
Joined:Jun 2011
Message Posted: Jun 23, 2013 12:06:59 AM

It's why the world economy is in the toilet. Plain and simple, energy prices have made life too difficult for the average American to get by. We now have to make choices and have less disposable income. The manipulation of oil prices is a terrible scandal, but who's to stop the lobbiest's, in Washington. As long as the Oil companies can give money to election campaigns, nothing will happen and we all will be poorer.
Profile Pic
Tsunamiron
Champion Author Jacksonville

Posts:4,196
Points:1,239,100
Joined:Mar 2011
Message Posted: Jun 23, 2013 12:06:57 AM

It'll never happen in my lifetime.
Profile Pic
HEBster
Champion Author Kentucky

Posts:11,566
Points:3,047,340
Joined:May 2006
Message Posted: Jun 23, 2013 12:06:41 AM

Not!
Profile Pic
Burger09
Champion Author Ontario

Posts:2,911
Points:812,690
Joined:Aug 2009
Message Posted: Jun 23, 2013 12:06:25 AM

Very interesting...
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:5,953
Points:1,358,670
Joined:Jun 2011
Message Posted: Jun 23, 2013 12:06:19 AM

old news
Profile Pic
TxMtb
Champion Author Ohio

Posts:4,219
Points:997,030
Joined:Feb 2012
Message Posted: Jun 23, 2013 12:04:36 AM

Just don't think it will happen.
Profile Pic
Beboper
Champion Author Virginia

Posts:11,640
Points:2,855,615
Joined:Oct 2005
Message Posted: Jun 23, 2013 12:04:09 AM

old news
Profile Pic
Toppers
Champion Author Atlanta

Posts:11,842
Points:3,158,100
Joined:Mar 2005
Message Posted: Jun 23, 2013 12:03:19 AM

Don't see it
Profile Pic
Hawks4ever
Sophomore Author Quad Cities

Posts:111
Points:1,186,490
Joined:Apr 2008
Message Posted: Jun 23, 2013 12:02:56 AM

Not going to happen....
Profile Pic
Zeke33
Champion Author New Hampshire

Posts:7,601
Points:2,095,180
Joined:Sep 2005
Message Posted: Jun 23, 2013 12:02:20 AM

The economy is tanking. The feds cannot keep printing money and then using it to buy into the stock market as they are doing. Obummer is also getting the "cold shoulder" in Europe.
Profile Pic
billwho
Champion Author El Paso

Posts:2,801
Points:854,825
Joined:Jan 2010
Message Posted: Jun 23, 2013 12:02:11 AM

Life is a speculation. Makes for good reading.
Profile Pic
bolobill
Champion Author Michigan

Posts:18,873
Points:3,861,025
Joined:Mar 2004
Message Posted: Jun 23, 2013 12:01:13 AM

ok
Profile Pic
ClassicWheeler
Champion Author Montgomery

Posts:3,450
Points:996,730
Joined:Apr 2012
Message Posted: Jun 22, 2013 11:58:16 PM

Why not crash, we just an excuse to raise the prices and make the government and oil companies richer. Just wondering, what do they hope to accomplish?
Profile Pic
TedNC
Champion Author North Carolina

Posts:1,469
Points:321,840
Joined:May 2011
Message Posted: Jun 22, 2013 11:55:41 PM

They keep saying that but the price always goes up.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,635
Points:2,299,080
Joined:Jan 2008
Message Posted: Jun 22, 2013 11:53:56 PM

bad news for the economy?
how about spending money on other products other than gas?
that would stimulate the economy
Profile Pic
mrbee
Champion Author Little Rock

Posts:6,654
Points:3,155,930
Joined:Oct 2005
Message Posted: Jun 22, 2013 11:48:53 PM

Bad news in the economy.
Profile Pic
TheeRedRam
Champion Author Hartford

Posts:5,953
Points:1,358,670
Joined:Jun 2011
Message Posted: Jun 22, 2013 11:47:57 PM

not a good thought
Profile Pic
Blue48
Champion Author Illinois

Posts:10,216
Points:2,329,320
Joined:Feb 2007
Message Posted: Jun 22, 2013 11:47:32 PM

WE SHALL SEE!
Profile Pic
MDTDriver
Champion Author California

Posts:11,788
Points:2,821,995
Joined:Jul 2006
Message Posted: Jun 22, 2013 11:47:19 PM

3 and 1/2 years before new voting! We will hit the bottom again before that time.
Profile Pic
texashoudini
Champion Author Austin

Posts:4,016
Points:1,690,825
Joined:Jun 2009
Message Posted: Jun 22, 2013 11:46:58 PM

Crash baby crash! I'm still paying $3.16 a gallon in Austin, Texas, but some stations have tried to drive up gas and are selling for over $3.50 a gallon.
Profile Pic
geoutpb
Champion Author Midland Odessa

Posts:7,304
Points:1,699,855
Joined:Dec 2006
Message Posted: Jun 22, 2013 11:42:38 PM

If this happens most of you would not have a job, so you would not heve to worry about going to work.
Profile Pic
rawdog1313
Champion Author Lexington

Posts:4,878
Points:2,044,095
Joined:May 2008
Message Posted: Jun 22, 2013 11:41:40 PM

Regulate Oil Speculation!
Profile Pic
vjs3
Champion Author Denver

Posts:3,838
Points:1,263,365
Joined:Jun 2011
Message Posted: Jun 22, 2013 11:40:43 PM

Always that possibility.
Profile Pic
boatmen
Champion Author New York

Posts:5,471
Points:1,215,410
Joined:Jan 2011
Message Posted: Jun 22, 2013 11:38:57 PM

greed controls it big oil will close refineries if they have to to keep prices high
Profile Pic
Liberty2000
Champion Author Indianapolis

Posts:2,094
Points:327,165
Joined:Jun 2007
Message Posted: Jun 22, 2013 11:37:48 PM

Price of Oil and Gasoline Could Crash.

The whole economy could crash! Duh.
Profile Pic
fowlcan
Champion Author Oklahoma City

Posts:3,772
Points:1,321,675
Joined:Feb 2011
Message Posted: Jun 22, 2013 11:31:16 PM

BIG OIL has control of oil prices.
Anytime, All the Time!
Profile Pic
gas_too_high
Champion Author Columbus

Posts:15,628
Points:2,612,065
Joined:Aug 2005
Message Posted: Jun 22, 2013 11:29:27 PM

Speculative.

GTH
Profile Pic
jnseyeongas
Champion Author Milwaukee

Posts:2,960
Points:1,164,530
Joined:Feb 2011
Message Posted: Jun 22, 2013 11:23:29 PM

Ya Ya Ya it goes up up up then down and up up up again.
Profile Pic
Rancher23
Champion Author Cincinnati

Posts:5,460
Points:1,169,755
Joined:May 2011
Message Posted: Jun 22, 2013 11:21:39 PM

Ok!
Profile Pic
Night Owl
Champion Author Toronto

Posts:10,360
Points:2,473,280
Joined:Jul 2004
Message Posted: Jun 22, 2013 11:16:23 PM

Prices are so high that world economies cannot recover.
Profile Pic
bladecutter
Champion Author Houston

Posts:7,799
Points:1,675,900
Joined:Nov 2009
Message Posted: Jun 22, 2013 11:11:53 PM

Really, crash up instead down.
Profile Pic
yyc2yow
Champion Author Ottawa

Posts:1,042
Points:667,855
Joined:Dec 2009
Message Posted: Jun 22, 2013 11:10:40 PM

yeah right
Profile Pic
Chris46
Champion Author Dayton

Posts:48,545
Points:2,759,990
Joined:Sep 2005
Message Posted: Jun 22, 2013 11:10:24 PM

How much of a droppage is considered a crash? That is the question. Right now gas is about $3.34 per gallon. I like to see it down around $2.50 per gallon.
Post a reply Back to Topics