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$1 Gasoline???

Discussion in 'Fred's House of Pancakes' started by wjtracy, Mar 6, 2020.

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  1. wjtracy

    wjtracy Senior Member

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    There was an interesting leak over the weekend from the Corona Virus expert at Univ of Hong Kong,
    Someone released a conf call recording unauthorized. That's what I am quoting above.
    I think AccuWeather was involved in confirming...AccuWeather started at Penn State (go State) or was it weather channel I forget.
     
    #61 wjtracy, Mar 9, 2020
  2. Leadfoot J. McCoalroller

    Leadfoot J. McCoalroller Senior Member

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    Commodity price wars are cheaper to fight when overall volume is low. You can knock out your opponent without sacrificing quite as much of your own.
     
    #62 Leadfoot J. McCoalroller, Mar 9, 2020
  3. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    +1

    This may well be the dead-cat-bounce for the House of Saud.

    They can probably put oil into tankers for $15 a barrel, which is arguably close to the lowest inflation adjusted price ever for oil....and they can probably use this to push off the Rooskies and make the fracking Norteamericano frackers re-cap their wells for a while.

    After all of the car dealers come down off of their sugar-rush from tax rebate spenders it will be a REALLY REALLY good time to buy a PHEV, not because oil is going to go back to record highs again, but because PHEVs are probably going to be softer sellers than they were back when gas was > $2 a gallon.....and even $2 a gallon gas isn't something you want to waste.

    Once the supply chains settle out look for some fire-sale pricing on eco-buggies.
     
    #63 ETC(SS), Mar 9, 2020
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  4. wjtracy

    wjtracy Senior Member

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    #64 wjtracy, Mar 9, 2020
  5. bisco

    bisco cookie crumbler

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    Still $2.20 here
     
    #65 bisco, Mar 9, 2020
  6. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    Yeah....but you get to live in Bastan.

    I'm in the $1.80's here in flyover country.
    Oil just blew through $40.....but it's been lower even during my tenure on this forum.

    Not quite the time to start buying gold and digging a bunker yet.
     
    #66 ETC(SS), Mar 9, 2020
  7. hill

    hill High Fiber Member

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    #67 hill, Mar 9, 2020
  8. wjtracy

    wjtracy Senior Member

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    We just bought a RAV4 Hybrid due to aged 2006 Prius batt death but I can see prices going down
     
    #68 wjtracy, Mar 9, 2020
  9. bisco

    bisco cookie crumbler

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    congrats! great vehicle, all the best(y)
     
    #69 bisco, Mar 9, 2020
  10. bisco

    bisco cookie crumbler

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    still in orlando. unsure where boston pricing is at. but $1.80's is not unusual for your area, is it?
     
    #70 bisco, Mar 9, 2020
  11. ETC(SS)

    ETC(SS) The OTHER One Percenter.....

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    Usually we hover at $2.
    Currently the lowest top tier is $1.89 which means Murphy is selling at $1.86.
    I have a pic on my phone from the last gas dip @ $1.76....and this price dip may drive prices below even that.

    Even adjusted for inflation $1.50 is still to expensive to buy a gas-hog....besides, gas hogs tend to be expensive.

    Like I said.....in about 6 months PHEV sedans will be on super sale because people are already staying away from sedans and Priuses in droves.
     
    #71 ETC(SS), Mar 9, 2020
  12. Prodigyplace

    Prodigyplace Senior Member

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    Hopefully they fixed the range issue for 2020.
    Drinking Problem: Owners Cry Foul Over Toyota RAV4 Hybrid Gas Tank - The Truth About Cars
     
    #72 Prodigyplace, Mar 9, 2020
  13. wjtracy

    wjtracy Senior Member

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    Hopefully fixed, but apparently the dealer knows how to fill it up.
    As Gen2 owner, I know how to convince the tank to take more gaso in, so if the car misbehaves, I am ready for it!
    Since Gen2 was a bladder tank I was less confident in how far to push the limits, but a fixed tank I will fight to end.
     
    #73 wjtracy, Mar 9, 2020
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  14. Leadfoot J. McCoalroller

    Leadfoot J. McCoalroller Senior Member

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    Hey if cheap oil sticks around a few more weeks, the next generation of SUVs will have features like 2 bedroom/1.5 bath, patio & firepit options. This could be pretty fun!
     
    #74 Leadfoot J. McCoalroller, Mar 9, 2020
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  15. Prodigyplace

    Prodigyplace Senior Member

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    That give a whole other meaning to the Suburban SUV.
     
    #75 Prodigyplace, Mar 9, 2020
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  16. Deleted member 111882

    Deleted member 111882 Guest

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    Wow...

    [​IMG]

    [​IMG]

    [​IMG]

    We’re on our way to the lowest crude prices since 2003-2004, go ‘Merica
     
    #76 Deleted member 111882, Mar 9, 2020
    Last edited by a moderator: Mar 9, 2020
  17. fuzzy1

    fuzzy1 Senior Member

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    While average gas prices are starting to show some decline over the nation, they sure are betraying no hint of a downturn here:

    upload_2020-3-9_11-30-32.png
     
    #77 fuzzy1, Mar 9, 2020
  18. Prodigyplace

    Prodigyplace Senior Member

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    We are already off the bottom of that chart with $2.20 per gallon here.
     
    #78 Prodigyplace, Mar 9, 2020
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  19. wjtracy

    wjtracy Senior Member

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    So about 3 or 4 years ago, elite economist A. Gary Shilling predicted the crude oil price war we see today.

    That was when I first said maybe we see $1 gasoline.

    But even the world's smartest economist might be able to say *what* might happen, but no one can really predict *when* it will happen. Actually Shilling was also pretty good about saying there could be an unforeseen driver that could emerge, such as international conflict etc.
     
    #79 wjtracy, Mar 9, 2020
  20. El Dobro

    El Dobro A Member

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    Gas?
     
    #80 El Dobro, Mar 9, 2020
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