[Twix]

I tried to take a pic last night, but I filled up with Petro 94 for 98.9. That's litres and Canadian dollars, still pretty cheap for us.

[F1Venom]

Just filled up 93 for $1.96. I'm thinking oil has another 15-20% worth of selling which should put 93 octane in my area around $1.60.

[Crashnbrn5]

Originally Posted by F1Venom

Just filled up 93 for $1.96. I'm thinking oil has another 15-20% worth of selling which should put 93 octane in my area around $1.60.

Yup I follow the market closely as well. Oil will bottom around 38-42 a barrel. The average price per barrel for this year will probably be 50.

[nyalpine90]

Originally Posted by Crashnbrn5

Yes Sir, stillwell ave and 86th st

hahaha im sure you know L&B or something like that, famous pizza spot everyone goes to. I put gas there all the time. Do you go to the "the wash" on mcdonald ave. I live few blocks away

[Crashnbrn5]

Originally Posted by nyalpine90

hahaha im sure you know L&B or something like that, famous pizza spot everyone goes to. I put gas there all the time. Do you go to the "the wash" on mcdonald ave. I live few blocks away

L&B forever kid (I'm assuming you're 24), lol. Been in this area my whole life, 30 years to be exact. Yes I do goto "The Wash" about every 5-6 weeks. I always get the "Kitchen Sink" package or whatever it's called....

[nyalpine90]

Originally Posted by Crashnbrn5

L&B forever kid (I'm assuming you're 24), lol. Been in this area my whole life, 30 years to be exact. Yes I do goto "The Wash" about every 5-6 weeks. I always get the "Kitchen Sink" package or whatever it's called....

much older then that lol. i moved to brooklyn 2yrs ago with my italiana. She gave me brief tour of all the hot spots. Elegante bakery, L&B, meat supreme

[Crashnbrn5]

Originally Posted by nyalpine90

much older then that lol. i moved to brooklyn 2yrs ago with my italiana. She gave me brief tour of all the hot spots. Elegante bakery, L&B, meat supreme

Haha that's great man. The 90 in your username made me assume your birth year, which is the case most times, sorry for the bad assumption. To be extremely honest that area sucks for food now. Even Bay Ridge is getting boring for me I like to go out to eat a lot.

[Crashnbrn5]

$2.79 now.

[NickyC]

The rest of the economy is going to follow this tanking soon enough. Commodities are just dumping, dumping, dumping. Baltic Shipping Index is at the lowest point on record right now. Don't believe this fairy tale nonsense about there being a "glut" of available oil all of a sudden due to overproduction and it's great for the consumer. There's simply no demand for oil because the global economy is sputtering and grinding to a halt. $50 trillion in Central Bank printing for the past six years could only last so long, prepare for 07-08 on roids.

[Crashnbrn5]

Originally Posted by NickyC

The rest of the economy is going to follow this tanking soon enough. Commodities are just dumping, dumping, dumping. Baltic Shipping Index is at the lowest point on record right now. Don't believe this fairy tale nonsense about there being a "glut" of available oil all of a sudden due to overproduction and it's great for the consumer. There's simply no demand for oil because the global economy is sputtering and grinding to a halt. $50 trillion in Central Bank printing for the past six years could only last so long, prepare for 07-08 on roids.

I agree with you. I just feel that the beginning of a major drop. 30-50% will come in effect 1 year prior to the next presidential inauguration. So to put it in range, October 2015- March 2016. Or will this be a slow and tedious drop that starts in February and last till March 2016. Lots of variables. In my options Account I am ready for anything.

[NickyC]

Originally Posted by Crashnbrn5

I agree with you. I just feel that the beginning of a major drop. 30-50% will come in effect 1 year prior to the next presidential inauguration. So to put it in range, October 2015- March 2016. Or will this be a slow and tedious drop that starts in February and last till March 2016. Lots of variables. In my options Account I am ready for anything.

I hear you. Unfortunately, I believe my greatest fear from 2008 is coming to pass. Back then, I was a strong proponent of just letting everything crash. No bailouts, no QE, none of that nonsense. Let GM go out of business, the profitable parts will be bought by good companies like Toyota or BMW. Let bad banks fail, let the scum on Wall Street jump to their deaths from their high rise offices, the culling would have been wonderful for the 99%.

But no, Paulson scared the hell out of all the sheep with his "martial law" nonsense and the politicians sold out the American people one final time to the bankers. Now, the corruption and theft is so deep and so severe nothing but an ultimate crash, a hard reset if you will, can save this country. Hell, I bet you 99% of people right now don't even know that due to the recently passed spending bill (passed by Republicans mind you who are supposedly against big government), the taxpayer is now on the hook for the degenerate derivatives gambling on Wall Street. The country and the world is now run by Goldman Sachs and JPM. Anyone who doesn't understand this is a blathering idiot who only cares about beer and football.

We should have allowed the crash, along with the severe pain to occur in 2008. The fake, phony $50 trillion in Central Bank printing has only delayed the inevitable. Nothing has been fixed, nothing has changed.

[Crashnbrn5]

Originally Posted by NickyC

I hear you. Unfortunately, I believe my greatest fear from 2008 is coming to pass. Back then, I was a strong proponent of just letting everything crash. No bailouts, no QE, none of that nonsense. Let GM go out of business, the profitable parts will be bought by good companies like Toyota or BMW. Let bad banks fail, let the scum on Wall Street jump to their deaths from their high rise offices, the culling would have been wonderful for the 99%.

But no, Paulson scared the hell out of all the sheep with his "martial law" nonsense and the politicians sold out the American people one final time to the bankers. Now, the corruption and theft is so deep and so severe nothing but an ultimate crash, a hard reset if you will, can save this country. Hell, I bet you 99% of people right now don't even know that due to the recently passed spending bill (passed by Republicans mind you who are supposedly against big government), the taxpayer is now on the hook for the degenerate derivatives gambling on Wall Street. The country and the world is now run by Goldman Sachs and JPM. Anyone who doesn't understand this is a blathering idiot who only cares about beer and football.

We should have allowed the crash, along with the severe pain to occur in 2008. The fake, phony $50 trillion in Central Bank printing has only delayed the inevitable. Nothing has been fixed, nothing has changed.

To sum it up, yes I believe what you say. But I don't waste time getting mad at the situation. I just love making money off of it. does that make sense, do you profit from others' downfalls?

[Vigilante375]

Oh, so you guys say the Economy is "sinking"? Hmmm....thats not what the Feds are saying.....

http://finance.yahoo.com/news/fed-su...190145594.html

So the energy companies aren't doing well because of the dropping oil prices, well...I don't feel bad about it. They make more money in a quarter than ANY other business in the world. Those high up tycoons made billions of dollars and are crying now because they can't give themselves their yearly bonus.

Its sucks for the low man that makes the money for those tycoons and I'm sorry but maybe they'll learn to spend their money better instead of lining their pockets with money.

But why does the energy companies play a "major" role in our economy? IMO, the consumer and certain business' are the ones that drive the economy, no? Consumer has more money to spend hence they spend it on business' that drive the economy up. Wasn't that the reason we got a extra couple hundred $$$ a few years back to "give the economy a boost"?

[AlanYoro35i]

wow, it cost 6-7 dollars eqv for a gallon of petrol in the U.K. we are charge by per litre. you guys have it easy lol

[swanson]

Paid $2.52 for 93 today at Costco. Local Sunoco is at $3.09 for 93.

[whats77inaname]

Shell up the street...93 octane.....$2.02/gal.

[hellrotm]

Originally Posted by Vigilante375

Oh, so you guys say the Economy is "sinking"? Hmmm....thats not what the Feds are saying.....

http://finance.yahoo.com/news/fed-su...190145594.html

So the energy companies aren't doing well because of the dropping oil prices, well...I don't feel bad about it. They make more money in a quarter than ANY other business in the world. Those high up tycoons made billions of dollars and are crying now because they can't give themselves their yearly bonus.

Its sucks for the low man that makes the money for those tycoons and I'm sorry but maybe they'll learn to spend their money better instead of lining their pockets with money.

But why does the energy companies play a "major" role in our economy? IMO, the consumer and certain business' are the ones that drive the economy, no? Consumer has more money to spend hence they spend it on business' that drive the economy up. Wasn't that the reason we got a extra couple hundred $$$ a few years back to "give the economy a boost"?

Companies like Exxon and Chevron are still raking in the profits. In record fashion actually. Exxon’s refineries made $1 million in profit every two hours during the third quarter of 2014, a 73 percent increase from a year earlier. It is a lot cheaper to run refineries when oil is this low. The big cats are still getting their bonuses.

It all depends how this all plays out in the next year or so. If OPEC(Saudis) continue to not cut production, in an attempt to go after small oil producers and try to force them out of market. If they achieve their goal, when demand does finally increase and the small producers aren't there to help meet demand. The entire country will be paying the highest gas prices in the history of this nation.

How will the US economy manage the big job layoffs that will be coming in the oil sector. Saudis want to shut down fracking/shale drilling, and it is happening as oil prices are already far below operating costs. It isn't just the US either, this will be worldwide. Other countries (Russia, Venezuela, Iran) that rely heavily on oil exports will be hit hard.

[skypx]

Originally Posted by NickyC

The rest of the economy is going to follow this tanking soon enough. Commodities are just dumping, dumping, dumping. Baltic Shipping Index is at the lowest point on record right now. Don't believe this fairy tale nonsense about there being a "glut" of available oil all of a sudden due to overproduction and it's great for the consumer. There's simply no demand for oil because the global economy is sputtering and grinding to a halt. $50 trillion in Central Bank printing for the past six years could only last so long, prepare for 07-08 on roids.

I agree, it's getting old and its starting to affect U.S manufacturing. Thankfully our investments are still in the green but it may just be a matter of time before that's affected.

So here's what I propose, I need all bimmer owners to ALWAYS drive in sports+ only! We need to do our part to stabilize gas prices!

[NickyC]

Originally Posted by skypx

I agree, it's getting old and its starting to affect U.S manufacturing. Thankfully our investments are still in the green but it may just be a matter of time before that's affected.

So here's what I propose, I need all bimmer owners to ALWAYS drive in sports+ only! We need to do our part to stabilize gas prices!

Haha, you can count on me! My little Z4M doesn't roll until the Sport button glows!

[skypx]

Originally Posted by NickyC

Haha, you can count on me! My little Z4M doesn't roll until the Sport button glows!

Thank you sir, next!

[Crashnbrn5]

Originally Posted by skypx

Thank you sir, next!

Same, sport + 7 days a week

[skypx]

Originally Posted by Crashnbrn5

Same, sport + 7 days a week

Nice!