4.75What are some of the estimates of how high oil prices will be next year?
$3.50....$3.60..- Do I hear, $3.75 by July '07- Wait!- There's a $3.90 in N.Y.C., - going, going- gas is going to be SOLD, to the poor lady pumping it into her oversized SUV at $4. a gallon in Des Moines, Iowa- a year from today. ... Happy motoring! :)What are some of the estimates of how high oil prices will be next year?
2.20
I predict that barrels will top out at $80.00 by the en dof the year which makes gas about 15 to 25 cents more than it is now
Wednesday, April 28, 2010
Transmission oil change price?
For a 2001 honda civic, is $60 a good price for a transmission oil change? the service people claim it's so high because synthetic oil must be used as my car is now at the 134,000 mile mark.Transmission oil change price?
$60 is actually a really good price. I'm pricing a transmission flush/service for my 2002 VW Golf and the best price found is $89.95 (and this is with a $35 off coupon).
Make sure that whoever is doing it is doing a FUL fluid change (including the torque converter etc...) and replacing your gasket and filter.
(you're referring to transmission so I assume you're talking about your ATF fluid NOT a standard oil change)
Transmission oil change price?
Thats a steal!
$60 is actually a really good price. I'm pricing a transmission flush/service for my 2002 VW Golf and the best price found is $89.95 (and this is with a $35 off coupon).
Make sure that whoever is doing it is doing a FUL fluid change (including the torque converter etc...) and replacing your gasket and filter.
(you're referring to transmission so I assume you're talking about your ATF fluid NOT a standard oil change)
Transmission oil change price?
Thats a steal!
Why is it that whenever oil prices have risen by 60% or more?
..recession has almost always followed.Why is it that whenever oil prices have risen by 60% or more?
Hi,
The two are related parts of the business cycle. Good times are followed by bad times. With oil, commodity prices rarely outpace inflation except in times of exceptional increases in demand.
These are typically temporary, and often are temporary commodity-price bubbles.
Example:
During 2006 and 2007, we saw a rise in oil prices because the world economy was growing and its appetite and demand for oil was growing. As the demand for oil caused lower invetories and expectations for higher future prices, investors bought into oil contracts and oil futures both to guarantee themselves a certain price of oil and to speculate on future prices increases, betting they could make money by making the right bet. As the world economy was dragged down by the US economy, the price of oil was similarly affected as its price could only be justified during good times when prices were expected to continue rising. As the first hints of recession started, investors new the oil price party was over.
Good times are often associated with rising price pressures (inflationary pressures), rising incomes, low interest rates, growing economy, rising GDP.
Bad times are often associated with easing price pressures (deflationary pressures), dropping incomes, high interest rates, slowing economy, dropping GDP.Why is it that whenever oil prices have risen by 60% or more?
increased in oil prices doesn't cause recession, it does caused inflation, where the value of dollar depreciated and that's why prices went up.
recession occurred when the price of everything dropped, and businesses laid of workers to keep their profit, that increased the unemployment rate.
we are in the recession not because the oil is decreasing dramatically, but the prices for everything is decreasing, or it's about to decrease (well..lowered the oil price did contribute to that.) that mean the company aren't going to make as much as it use to, therefore, they have to laid off workers.
They are solutions to resolve this recession we are about to have. we can lower the min wages (like that's going to happen! ) or we can increase our expenditure to bring the price up again.
Because everything is related to the price of fuels from heating your home to going out to eat. The cost of transporting goods goes up and every industry feels the crunch and they pass those costs on to the consumers who are already burdened by the high cost at the pumps.
Because it's a reflection of the failure of the capitalist system, oil and capitalism are intertwined.scars
Hi,
The two are related parts of the business cycle. Good times are followed by bad times. With oil, commodity prices rarely outpace inflation except in times of exceptional increases in demand.
These are typically temporary, and often are temporary commodity-price bubbles.
Example:
During 2006 and 2007, we saw a rise in oil prices because the world economy was growing and its appetite and demand for oil was growing. As the demand for oil caused lower invetories and expectations for higher future prices, investors bought into oil contracts and oil futures both to guarantee themselves a certain price of oil and to speculate on future prices increases, betting they could make money by making the right bet. As the world economy was dragged down by the US economy, the price of oil was similarly affected as its price could only be justified during good times when prices were expected to continue rising. As the first hints of recession started, investors new the oil price party was over.
Good times are often associated with rising price pressures (inflationary pressures), rising incomes, low interest rates, growing economy, rising GDP.
Bad times are often associated with easing price pressures (deflationary pressures), dropping incomes, high interest rates, slowing economy, dropping GDP.Why is it that whenever oil prices have risen by 60% or more?
increased in oil prices doesn't cause recession, it does caused inflation, where the value of dollar depreciated and that's why prices went up.
recession occurred when the price of everything dropped, and businesses laid of workers to keep their profit, that increased the unemployment rate.
we are in the recession not because the oil is decreasing dramatically, but the prices for everything is decreasing, or it's about to decrease (well..lowered the oil price did contribute to that.) that mean the company aren't going to make as much as it use to, therefore, they have to laid off workers.
They are solutions to resolve this recession we are about to have. we can lower the min wages (like that's going to happen! ) or we can increase our expenditure to bring the price up again.
Because everything is related to the price of fuels from heating your home to going out to eat. The cost of transporting goods goes up and every industry feels the crunch and they pass those costs on to the consumers who are already burdened by the high cost at the pumps.
Because it's a reflection of the failure of the capitalist system, oil and capitalism are intertwined.
Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
Shouldn't we maybe voluntarily offer to pay more so they don't go broke like the banks? Maybe if the banks were charging us more for interest they wouldn't be in this poor situation? Its so sad that the bankers and CEOs may soon be out of work. What can we do to help them? Don't forget, its what Americans do: We help people when they are down.
What are you doing to help?Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
It is not a very good time to help the CEO's. They already have their golden parachutes and we don't..Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
Iraq, Iran , Saudi Arabia ( the oil cartel ) set the price of oil.
What are you doing to help?Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
It is not a very good time to help the CEO's. They already have their golden parachutes and we don't..Isn't now a good time for the price of gas to double? The Oil CEOs probably lose a lot of $ in the stock crash?
Iraq, Iran , Saudi Arabia ( the oil cartel ) set the price of oil.
How do analysts work out profit forecasts for oil companies and how do they work out price targets?
Same as for any company. Projecting sales, costs, growth rates, investment in themselves, etc. Factor in the general economy, the general outlook for the industry and what they are told by the company. Most companies do provide guidance. The company and the analysts fudge to the downside so they can report better than expected results.How do analysts work out profit forecasts for oil companies and how do they work out price targets?
They use theoretical pricingfor oil.
They use theoretical pricingfor oil.
Why does oil increase in price based on fake assumptions?
Please state these ';fake'; assumptions so we know what you are talking about.
Speculators.Why does oil increase in price based on fake assumptions?
because its all a bunch of crap and there ain't nothing we seem to be doing about it.
Speculators.Why does oil increase in price based on fake assumptions?
because its all a bunch of crap and there ain't nothing we seem to be doing about it.
If the price of oil has dropped, why are gas prices sky rocketing?
The answer lies in the question. Oil prices may have dropped (not sure if they did or not, they were up to about $63/barrel at the end of March rising about 10 dollars since January) but Gasoline is only one by-product of oil. Hence they are both separate industries, of course purchasing oil is an expense for the refining process, but supply and demand still hold out in this market economy.
Demand remains high for gasoline, regardless of crude oil prices, the other costs associated with oil refining have not changed, therefore there was no shift in the production possibilities curve (PPC). In our market economy, essentially this causes no change in the supply curve.
On top of that, being that it is nearing summertime, more people are traveling, therefore, increased demand (a rightward shift) overpowers the unchanged supply curve, and increases the price of gas in the process (changing market equilibrium to a higher price point).If the price of oil has dropped, why are gas prices sky rocketing?
Because there is little competition in the gasoline business. Five majors control almost all the gasoline consumption in the US. It costs about a billion dollars to build a new refinery and none have been built for about twenty years.
The reason for the above high cost of a new refinery is environmental specs are very rigid.
Think about it, if you owned a refinery and was making billions of dollars a year, would you build a new refinery and drive down gas prices and your profits?
We desperately need to encourage the US government to help develop alternate fuels such as coal to liquids. South Africa did it many years ago when they world refused to sell them crude oil. The technology exists so lets get on with it.If the price of oil has dropped, why are gas prices sky rocketing?
Because it can....Until we say that we've had enough of these lies and we're not going to buy fossil fuel burning automobiles
anymore...it will continue to what the Republican want. I'm 45 years old and I remember that we had an embargo on foreign oil back in the 70's. We were on vacation in Texas...yep Texas and my dad was not able to fill up the tank, he was only allowed 5 gallons at a time. There were no 24 hour mega gas station at every corner back then. Our presidents family fortune comes from oil and yes Saudi Arabia is their best interest right now.There was a e-mail posted where I work, DONT BUY ANY GASOLINE ON MAY 15th, pass it around.. We should also boycott foreign owned oil companies like Citco. We did what they told us to do,economize, buy fuel efficient cars, make less trips and what did that get us....Higher priced everything!!!!
When I was 17 back in 1977 gas was 97 cents a gallon, not one new refinery has been built since the last one opened in 1958. Wow if that don't make you think the government is in on it........I'd buy an electric car oh wait we tried that when the Tucker was in the news. The love of money is still the root of all evil....
I would said its greed!! They claim new refinery is needed but not willing to paid for it (for now). If and when they do the cost of building it will pass onto you and I. The environment is another issues they claim, if that is so, why don't they just up grade the refinery. some feel the price of gas will be at $4 a gallon. Not matter what they said, I still believe its greed!
P.S. The Europeans Germany %26amp; British are paying a heck alot more for a gallon of gas compare what we are paying in the states.
Believe it or not, oil prices could drop to about $10/gallon and gas prices would still be high. It's a matter of refining capacity... Theoretically, the oil could be free and gas could still be very expensive if refining capacity was low.
Also, ';boutique'; blends drive the price waaaay up. Washington DC may require one specific blend of gasoline, while neighboring Virginia cities and Maryland require their own blends. (There are hundreds of blends required throughout the country to target certain emissions.)
The key to all of this is government regulations. Building a refinery nowadays is almost impossible because no one wants them in their own back yards, and environmental controls are such that companies can almost not comply with them. Until we loosen environmental regs, look for gasoline prices to remain high.
The other option is to lower consumption, which lowers demand. When demand goes down, price goes down. But Americans don't seem to be interested in getting rid of our big gas guzzling cars
The economics of oil market is quite complicated, as well as relationship between the price of crude oil and gas.
BUT I'm sure you'll get a lot of answers from the ';experts'; here blaming the government and the President personally. You'll see.
bc its summer time and peple are travleing i think...but thats just my opinion. plus, they know people will pay for it. by the end of the summer gas is saposed to be around 4 bucks a gallon i heard
Demand remains high for gasoline, regardless of crude oil prices, the other costs associated with oil refining have not changed, therefore there was no shift in the production possibilities curve (PPC). In our market economy, essentially this causes no change in the supply curve.
On top of that, being that it is nearing summertime, more people are traveling, therefore, increased demand (a rightward shift) overpowers the unchanged supply curve, and increases the price of gas in the process (changing market equilibrium to a higher price point).If the price of oil has dropped, why are gas prices sky rocketing?
Because there is little competition in the gasoline business. Five majors control almost all the gasoline consumption in the US. It costs about a billion dollars to build a new refinery and none have been built for about twenty years.
The reason for the above high cost of a new refinery is environmental specs are very rigid.
Think about it, if you owned a refinery and was making billions of dollars a year, would you build a new refinery and drive down gas prices and your profits?
We desperately need to encourage the US government to help develop alternate fuels such as coal to liquids. South Africa did it many years ago when they world refused to sell them crude oil. The technology exists so lets get on with it.If the price of oil has dropped, why are gas prices sky rocketing?
Because it can....Until we say that we've had enough of these lies and we're not going to buy fossil fuel burning automobiles
anymore...it will continue to what the Republican want. I'm 45 years old and I remember that we had an embargo on foreign oil back in the 70's. We were on vacation in Texas...yep Texas and my dad was not able to fill up the tank, he was only allowed 5 gallons at a time. There were no 24 hour mega gas station at every corner back then. Our presidents family fortune comes from oil and yes Saudi Arabia is their best interest right now.There was a e-mail posted where I work, DONT BUY ANY GASOLINE ON MAY 15th, pass it around.. We should also boycott foreign owned oil companies like Citco. We did what they told us to do,economize, buy fuel efficient cars, make less trips and what did that get us....Higher priced everything!!!!
When I was 17 back in 1977 gas was 97 cents a gallon, not one new refinery has been built since the last one opened in 1958. Wow if that don't make you think the government is in on it........I'd buy an electric car oh wait we tried that when the Tucker was in the news. The love of money is still the root of all evil....
I would said its greed!! They claim new refinery is needed but not willing to paid for it (for now). If and when they do the cost of building it will pass onto you and I. The environment is another issues they claim, if that is so, why don't they just up grade the refinery. some feel the price of gas will be at $4 a gallon. Not matter what they said, I still believe its greed!
P.S. The Europeans Germany %26amp; British are paying a heck alot more for a gallon of gas compare what we are paying in the states.
Believe it or not, oil prices could drop to about $10/gallon and gas prices would still be high. It's a matter of refining capacity... Theoretically, the oil could be free and gas could still be very expensive if refining capacity was low.
Also, ';boutique'; blends drive the price waaaay up. Washington DC may require one specific blend of gasoline, while neighboring Virginia cities and Maryland require their own blends. (There are hundreds of blends required throughout the country to target certain emissions.)
The key to all of this is government regulations. Building a refinery nowadays is almost impossible because no one wants them in their own back yards, and environmental controls are such that companies can almost not comply with them. Until we loosen environmental regs, look for gasoline prices to remain high.
The other option is to lower consumption, which lowers demand. When demand goes down, price goes down. But Americans don't seem to be interested in getting rid of our big gas guzzling cars
The economics of oil market is quite complicated, as well as relationship between the price of crude oil and gas.
BUT I'm sure you'll get a lot of answers from the ';experts'; here blaming the government and the President personally. You'll see.
bc its summer time and peple are travleing i think...but thats just my opinion. plus, they know people will pay for it. by the end of the summer gas is saposed to be around 4 bucks a gallon i heard
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