Gas vs Oil

[mustangguy289]

Last time Oil was around $80 dollars a barrel gas was trading around $2.10 a gallon and gas followed right along with oil until about January 2011. Now it is trading for about $2.75 a gallon when oil is back at $80.

(Trading price is not what you pay at the pump)

http://money.cnn.com/data/commodities/

Oil trading for past year


Gas trading for past year


Gas (darkblue) vs oil (lightblue)

[Denny]

You know there are separate factors involving the price of gas and the price of oil, right?

[mustangguy289]

You know there are separate factors involving the price of gas and the price of oil, right?

Yes, but notice how the trends used to fall in line with each other. I also notice how that excuse is only used when Oil is going down and gas isn't. The minute oil goes up gas goes up.

[Silverback]

sorry, my bad, I got lazy at work, I'll get those gas prices back down in the US asap!

mibadz

[Denny]

They actually decoupled after we hit peak oil, but most of the board will call me crazy for that one too.

[mustangguy289]

sorry, my bad, I got lazy at work, I'll get those gas prices back down in the US asap!

mibadz

lol wtf?

[Mychael101]

They actually decoupled after we hit peak oil, but most of the board will call me crazy for that one too.

Yes, imo the peak oil theory is crazy.

[mustangguy289]

We are learning to make all oil-based things synthetic now.. when will we with gasoline?

Better yet, find a way to turn recycled oil into unleaded gasoline.

[Silverback]

lol wtf?

I control all gas prices in the US, how hard is that to understand?

[Denny]

Yes, imo the peak oil theory is crazy.

I'll go with the Saudis and Michael Ruppart first.

[mustangguy289]

I control all gas prices in the US, how hard is that to understand?

help a brotha out.

[Silverback]

I'll go with the Saudis and Michael Ruppart first.

What the hell did Danny Hanson from Boston Public do to you?

[Denny]

What the hell did Danny Hanson from Boston Public do to you?

Not Rapaport! But cool points for knowing.

Denny Crane, OUT!

[dblack1]

We are learning to make all oil-based things synthetic now.. when will we with gasoline?

Better yet, find a way to turn recycled oil into unleaded gasoline.

That is easy with diesel fuel. Filter it and dump it in. I have a friend who rebuilds transmission that runs his old 6.9 ford on almost nothing but transmission fluid and used motor oil. He puts $10 in fuel in each tank.

[Denny]

Diesels will burn diarrhea if they have to!