Why has gas dropped? - 2003-04 Mach 1 Registry Owners Club

HamMach1 · 10-15-2008, 09:58 PM

I'm not complaining by any means, just curious why it has dropped a lot lately. It's as low as $2.57 for regular around here at places like costco and $2.60-2.7x at regular gas stations.

Is it just supply and demand?

mach1nm · 10-15-2008, 10:00 PM

have you not seen the economy is shot to hell lmao.

lxh89 · 10-15-2008, 10:02 PM

Oil prices are down from a high of $147 a barrel to $75 a barrel. That's the reason gas prices are down so much.

Regarding supply/demand, yes, global demand is dropping because consumption not only of oil has dropped sharply.

3150Mach1 · 10-15-2008, 10:04 PM

Quote:

Originally Posted by HamMach1

I'm not complaining by any means, just curious why it has dropped a lot lately. It's as low as $2.57 for regular around here at places like costco and $2.60-2.7x at regular gas stations.

Is it just supply and demand?

Its time to stop watching cartoons and turn on the nightly news.

TJ4Cam · 10-15-2008, 10:16 PM

Quote:

Originally Posted by mach1nm

have you not seen the economy is shot to hell lmao.

lmmfao! hahaha

rich1 · 10-15-2008, 10:20 PM

Quote:

Originally Posted by mach1nm

have you not seen the economy is shot to hell lmao.

Really ?

HamMach1 · 10-15-2008, 10:25 PM

I've had the news on almost all the time now but I guess I just missed the $/barrel. Last I heard it was like $80 something.

Sorry... I'm no economical jeenie-yus.

HamMach1 · 10-15-2008, 10:27 PM

Quote:

Originally Posted by 03Mach150BP

Its time to stop watching cartoons and turn on the nightly news.

Oh and the cartoons on TV nowadays are an abomination compared to cartoons back in "the day".

AzureMach03 · 10-15-2008, 10:37 PM

got premium today for 2.78, i'm happy!!

jv7 · 10-15-2008, 11:00 PM

IMO gas is still too high. Last time oil was 75.00 a barrel I believe has was around 2.00 gal.

sideways03 · 10-15-2008, 11:05 PM

Holy crap! You guys are getting premium for under 3.00!? The cheapest I've seen 87 was $3.33 today...

wcjr · 10-15-2008, 11:11 PM

Quote:

Originally Posted by 03Mach150BP

Its time to stop watching cartoons and turn on the nightly news.

funny

SexyMach1 · 10-15-2008, 11:11 PM

Got premium here in the Upstate of SC for 3.17 last night

sideways03 · 10-15-2008, 11:53 PM

Quote:

Originally Posted by SexyMach1

Got premium here in the Upstate of SC for 3.17 last night

At least it's not 3.53 like here

Mustang9668 · 10-16-2008, 12:06 AM

Quote:

Originally Posted by HamMach1

Oh and the cartoons on TV nowadays are an abomination compared to cartoons back in "the day".

Very true!! but I guess thats for another thread lol

Newskool Mach · 10-16-2008, 12:18 AM

Quote:

Originally Posted by jv7

IMO gas is still too high. Last time oil was 75.00 a barrel I believe has was around 2.00 gal.

It takes time for the prices at the pumps to catch up with the price of crude. There is still gas at the refineries that was refined when crude was over $100 a barrel.

Basically like the rest of the investors the speculators are scared and not buying oil. Therefore they are not artificially driving the price up.

AConklin · 10-16-2008, 12:25 AM

The increase in prices has caused the demand to drop.

BTW - Ford stock is close to the price of a happy meal.

revenbl · 10-16-2008, 12:44 AM

I filled with premium today (Wednesday the 15th) at $2.31.

03BumbleBee · 10-16-2008, 12:46 AM

Quote:

Originally Posted by sideways04GT

Holy crap! You guys are getting premium for under 3.00!? The cheapest I've seen 87 was $3.33 today...

That is about the same here in Sacramento, saw an ARCO station at 3.29.

Mistergou · 10-16-2008, 06:48 AM

Quote:

Originally Posted by Newskool Mach

It takes time for the prices at the pumps to catch up with the price of crude. There is still gas at the refineries that was refined when crude was over $100 a barrel.

This is true but, when the price goes up on the barrel price at the pump will increase in 1 minute.... but when it goes down even a small amount takes over 1 week....! They just greedy b@stards!! Lol!

falcongtho3 · 10-16-2008, 06:58 AM

We've usuall got the cheap gas, but I'm still paying about $3.45 for premium. Oil is dropping at the whsle. level, gas is doing similar things, but it still seems that the retail price is lagging behind in the free fall. But like Mistergou said, when the price rises it takes about 1.8 milliseconds for the gas stations to raise their prices to follow.

CY-Mach1 · 10-16-2008, 08:25 AM

Still expensive here in N Alabama; I don't understand the wide dispairity in fuel cost in the different areas of the country; but the SE seems to be up there with the highest areas still; which confuses me even more...
In my area: 2.99 reg; 3.19 prem

CY-Mach1 · 10-16-2008, 08:30 AM

I think the price for a barrel of oil has dropped because the wall street hedge fund managers have pulled back and taken thier oil future profit. I believe the prices were artifically inflated by futures speculators.

CBrowning84 · 10-16-2008, 08:39 AM

Quote:

Originally Posted by 03Mach150BP

Its time to stop watching cartoons and turn on the nightly news.

Well what if you don't have cable like me?? huh?? lol i get more news on here and svtp than anything nowadays. Course i wouldn't have time to watch tv anyway even if i did have cable. which is the main reason i don't have it in the first place! (that and having to actually pay for it haha)

SexyMach1 · 10-16-2008, 12:54 PM

Quote:

Originally Posted by revenbl

I filled with premium today (Wednesday the 15th) at $2.31.

I guess that means I'm going on a road trip to TX to get me some CHEAP premium!

10-15-2008, 09:58 PM	#1
HamMach1 A.D.D. FTL Join Date: Oct 2006 Location: Jacksonville, FL Posts: 3,017	Why has gas dropped? I'm not complaining by any means, just curious why it has dropped a lot lately. It's as low as $2.57 for regular around here at places like costco and $2.60-2.7x at regular gas stations. Is it just supply and demand?

10-15-2008, 10:00 PM	#2
mach1nm Registered User Join Date: May 2007 Location: rio rancho Posts: 787	Re: Why has gas dropped? have you not seen the economy is shot to hell lmao. __________________ 4.10's with 31 spline moser axles and cobra diff ford racing aluminum driveshaft slp off road x pipe slp lm1 steeda cold air steeda tri ax/steeda clutch quadrent and adjuster full subframe connectors steeda upper and lower control arms steeda front and rear sway bars steeda shock tower bar steeda strut tower bar 2" lowering kit

10-15-2008, 10:02 PM	#3
lxh89 Registered User Join Date: Jan 2003 Location: Houston, Tx Posts: 1,530	Re: Why has gas dropped? Oil prices are down from a high of $147 a barrel to $75 a barrel. That's the reason gas prices are down so much. Regarding supply/demand, yes, global demand is dropping because consumption not only of oil has dropped sharply. __________________ 2015 Ruby Red Mustang GT Premium Bone Stock 03 Oxford White Mach 1 - SOLD 1.72 60',10.932@131.60MPH, 3800# Raceweight

10-15-2008, 10:25 PM	#7
HamMach1 A.D.D. FTL Join Date: Oct 2006 Location: Jacksonville, FL Posts: 3,017	Re: Why has gas dropped? I've had the news on almost all the time now but I guess I just missed the $/barrel. Last I heard it was like $80 something. Sorry... I'm no economical jeenie-yus.

10-15-2008, 10:37 PM	#9
AzureMach03 Registered User Join Date: May 2008 Location: Greensboro, NC Posts: 1,117	Re: Why has gas dropped? got premium today for 2.78, i'm happy!! __________________ 1999 Cobra Vert Built and Novi Blown :rockon: 03 Black Mach- Sold 00 Lightning- Sold 03 AB Mach- Sold

10-15-2008, 11:00 PM	#10
jv7 Registered User Join Date: Jan 2004 Location: Round Rock, TX Posts: 950	Re: Why has gas dropped? IMO gas is still too high. Last time oil was 75.00 a barrel I believe has was around 2.00 gal.

10-15-2008, 11:05 PM	#11
sideways03 LS What? Join Date: Jul 2004 Location: CA Posts: 2,508	Re: Why has gas dropped? Holy crap! You guys are getting premium for under 3.00!? The cheapest I've seen 87 was $3.33 today... __________________ Black 03 Mach 1 FOR SALE

10-15-2008, 11:11 PM	#13
SexyMach1 M1R's local hottie! Join Date: Oct 2008 Location: The fast lane, South Carolina Posts: 246	Re: Why has gas dropped? Got premium here in the Upstate of SC for 3.17 last night __________________ *2003 Azure Blue Mach 1* Build date: 01/13/2003 Died: July 3, 2009 RIP Baby Blue - Eibach Pro Kit lowering springs - Authentic Saleen wheels (18") - UPR o/r X-pipe - Borla Stinger catback - 5% tint - Shorty antenna - Sequential turn signals - 5sp w/ MGW short throw shifter - FRPP shifter knob (brushed aluminum insert)

10-16-2008, 12:25 AM	#17
AConklin Registered User Join Date: Aug 2008 Location: Ft. Worth, TX Posts: 366	Re: Why has gas dropped? The increase in prices has caused the demand to drop. BTW - Ford stock is close to the price of a happy meal.

10-16-2008, 12:44 AM	#18
revenbl Registered User Join Date: Dec 2002 Location: Weslaco, TX Posts: 283	Re: Why has gas dropped? I filled with premium today (Wednesday the 15th) at $2.31. __________________ 2004 Azure Blue Mach1 - 1st owner 1970 Grabber Blue Mach1 - 3rd owner 1988 Black GT Convertible - Sold in 2008 1999 Silver GT Coupe - Sold in 2004 1989 Black LX 5.0 - Sold in 1990 2001 KTM 640 Adventure - 1st owner 1997 Kawasaki ZX600 - 2nd owner 2003 Honda 750 Shadow - Sold in 2009

10-16-2008, 06:58 AM	#21
falcongtho3 Moderating at Mach 1 Join Date: Aug 2002 Location: Baton Rouge, La. Posts: 16,279	Re: Why has gas dropped? We've usuall got the cheap gas, but I'm still paying about $3.45 for premium. Oil is dropping at the whsle. level, gas is doing similar things, but it still seems that the retail price is lagging behind in the free fall. But like Mistergou said, when the price rises it takes about 1.8 milliseconds for the gas stations to raise their prices to follow. __________________ Krewe de la Mach Rouge #340804 13th Mach 1 built 11/07/02 Build Date 12/13/02 Delivery

10-16-2008, 08:25 AM	#22
CY-Mach1 Driving Mach 1 Join Date: Nov 2003 Location: North Alabama Posts: 311	Re: Why has gas dropped? Still expensive here in N Alabama; I don't understand the wide dispairity in fuel cost in the different areas of the country; but the SE seems to be up there with the highest areas still; which confuses me even more... In my area: 2.99 reg; 3.19 prem __________________ John Mar 04 SAE: 277rwhp/299rwtq w/ flows welded in 13.361 @ 104.73 Oct 04 SAE: 287rwhp/307rwtq w/ weld-in flows, K&N, and Predator Feb 05 SAE: 306rwhp/328rwtq w/ catted x, weld-in flows, K&N, and RWTD Tune

10-16-2008, 08:30 AM	#23
CY-Mach1 Driving Mach 1 Join Date: Nov 2003 Location: North Alabama Posts: 311	Re: Why has gas dropped? I think the price for a barrel of oil has dropped because the wall street hedge fund managers have pulled back and taken thier oil future profit. I believe the prices were artifically inflated by futures speculators. __________________ John Mar 04 SAE: 277rwhp/299rwtq w/ flows welded in 13.361 @ 104.73 Oct 04 SAE: 287rwhp/307rwtq w/ weld-in flows, K&N, and Predator Feb 05 SAE: 306rwhp/328rwtq w/ catted x, weld-in flows, K&N, and RWTD Tune

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