Gasoline could drop 50 cents/gallon by spring

Wait, I get it. When he said "Gas will be $2.50 by end of April", he meant April, 2007.

 

Maybe I could get these guys to go back in time with some gas cans for me.

 

He was wrong then also. Our gas was over $3 in California at this time last year.

Oh yeah, I forgot, California doesn't count in Malorn's world.

 

F8L, come to NY & you can get your own, for cheap; even comes with a hot babe --

http://www.nytimes.com/2008/04/06/a...tml?_r=1&st=cse&sq=delorean&scp=1&oref=slogin

 

California would be an especially sore point on the planet where Malorn lives;
something like 25% of all hybrids sold in the USofA are purchased in CA.

 

This is a sign of the times in the auto sales world. I work for a Toyota store primarily selling the hybrids, my specialty. We're 'scrunched' in between our Chevy store and one of the largest Ford stores in our market. In the late 90's each of the Big Two each did 3-4 times the volume of our little store.

Last month our top sales person - alone - did 50% of the volume of each of the other two. Our store now does twice the volume of the the other two combined. We had to triple our size in 2004 and 2 weeks we're moving into new location which is 10 times larger yet.

Multiply by 1000 different situations all over the country. This is what Malorn is fighting against.

 

:rofl:

 

I'm so there! Hahaha

 

I hate to admit to this:tape2: or make it seem like I'm rubbing it in, but ... it is $1.20 CDN here.

 

Cheese, Louise, I'm beginning to feel sorry for this Malorn guy. Ok, maybe he should have bought that Toyota dealership when he had the chance. And yeah, he made a bold and probably foolish prediction, but I don't see that as sufficient reason to burn him at the stake.

 

Yeah well... all he really has to do is suck it up and admit his foolishness. All we hear is crickets. Maybe even make good on his promise? What's to feel sorry for? He insulted those who didn't agree with him... and then was proven wrong. I hope he gets his money back from wherever his economics degree came from.

I'd probably feel sorry for him as well if I had even a tiny bit of respect for him before he started this particular thread. But alas, that is not the case.

 

I dedicate this post to a broken edit button!

 

OK, that's fair enough. I'll put the 'piling on' penalty flag back in my pocket.

 

Gasoline May Soon Cost a Sawbuck - April 28, 2008 - The New York Sun

 

Still waiting to learn about supply and demand.... Wonder if speculation has anything to do with the increase.... Wait, that could be it - it is all about speculation! If it weren't for those GD speculators, we would be at $2.00/gallon gas....

 

I paid $3.93 / gal this evening. About 1 month to go until Memorial Day weekend.

 

and whats so special about memorial day ? the price wil be 4 or more?

 

Typically, prices spike on Memorial Day. In my particular part of the S.F. Bay Area, the lowest I have found Chevron Unleaded Regular (87 octane) is between 4.05 to 4.07 /gallon.

 

Ours spiked up to 3.59 gallon last week (highest ever for the area) Now they are back down to $3.44. I wonder if my relatives who thought It would have made more sense for me to get a pickup truck last year instead still feel that way. Hate to break it to anyone but gas prices are not coming back down.
At least here anyway during the "summer driving season" the price has gone up about 50 - 60 cents a gallon. Then when the season is over it slowly creeps down about 30 cents and stays there never going back down to the previous low price. Its been doing this for 5 years now and all of a sudden people seem surprised by the "high price". This is why I got my Prius. Last year when I got mine the gas was $2.50 even the Toyota salesman tried to get me into a Corolla or Yaris saying that the price difference isn't worth it. Here in Ohio we probably will only see $4 gas once this summer. Next Summer it will probably be the Norm. And it will most likely keep continuing until the oil companies get to the price point where they see it no longer maximizes profits. And the saddest thing is that there is no good reason why California has the highest prices being that they are bordering the ocean.

 

This probably has been said, however...
You need to consider the demand of the world, not just the US. Demand from India and China is ramping up very quickly and supply is not.
Yes, there will be fluctuations in the prices, but the average price each year will continue an upward trend. Quite likely very rapidly.