Have gas prices influenced your decision as to a new vehicle?

Originally posted by Devil King
Yes, it helps the right. A drop in pump prices has happened before. It happened in '06 to little avail, I think. But I do remember it happening in '04. What I'm more curious to see is if it's a political tactic to help the right or if the oil companies are worried about their record profits because they think Obama will be elected.

As for the price, the price of the barrel is all speculation, isn't it? Don't they price the barrel against demand and assumed supply?

Supposedly Big Oil always does better under a Republican cabinet, so there's that.

Yes, it is supposed to be, but I do remember starting back in '05 or so, whenever the barrel jumped 'X' amount of dollars due to some foreign crisis or whatever, the price at the pump jumped 'X' amount of cents in parallel. So why isn't it working adversely, is my question?

Originally posted by Robtard
So why isn't it working adversely, is my question?

I didn't know anything was allowed to work against oil companies.

Originally posted by Robtard
Yes, it is supposed to be, but I do remember starting back in '05 or so, whenever the barrel jumped 'X' amount of dollars due to some foreign crisis or whatever, the price at the pump jumped 'X' amount of cents in parallel. So why isn't it working adversely, is my question?

You meant, inversely, right? It takes a bit for it to catch up to the cost of the barrel. If gas stays down to slightly high (yes, I'm not going to say "low", because it's still a buck more per gallon than it was 10 years ago....so it doesn't deserve to be called "low".), then we should see a reduction in profits for Exxon.

Also, selling processed oil products is not the only way they make money. It could be possible, through excellent management, that a barrel of oil could lose it's value by 33% and Exxon not lose very much of their revenue stream. A combination of those two items (excellent management from record previous quarter profits) could be what we're seeing right now. Of course, this is just baseless speculation.

Originally posted by dadudemon
You meant, inversely, right? It takes a bit for it to catch up to the cost of the barrel. If gas stays down to slightly high (yes, I'm not going to say "low", because it's still a buck more per gallon than it was 10 years ago....so it doesn't deserve to be called "low".), then we should see a reduction in profits for Exxon.

Also, selling processed oil products is not the only way they make money. It could be possible, through excellent management, that a barrel of oil could lose it's value by 33% and Exxon not lose very much of their revenue stream. A combination of those two items (excellent management from record previous quarter profits) could be what we're seeing right now. Of course, this is just baseless speculation.

Not, really, it works to though. All I know, when the price per barrel jumped 'X' amount of dollars, we almost immediately saw the price at the pump go up 'X' amount of cents, we were told, "sorry, rising price of the barrel is passed directly to you, the customer".

Now the falling price of the barrel, which is almost half of what it was at it's peak of $130.00 (+/-) a barrel, isn't translating in step at the pump. My question is why?

can´t afford a new car. Quite happy with me Volvo anyway, its also good on fuel if you drive sensibly, 7-8 liters in 100 KM