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Originally Posted by CONRAD II
Orange Crush is not so wrong but before I start I just want to make one thing perfectly clear, I'M NOT SELLING MY HUMMER NO MATTER HOW HIGH GAS PRICES GO. I'll buy a fuel efficient vehicle and park the dammed H2 in the garage and just look at it!! With that being said, everyone needs to keep in mind that gas is a natural resource. Our natural resources only exist in a finite amount, and when supplies dwindle gas prices will naturally rise. I am in the oil and gas business, and I'm not suggesting that we are running out of fuel. All I'm saying is that anyone who thinks that gas prices have hit their peek is sorely mistaken. Enjoy your toys but don't for one second think that things (gas prices) are going to get better! Think LONGTERM
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Gas stations are SITTING on full stock of premium fuel, nobody is touching it unless their vehicle MUST take it (and I know a few cases of people putting regular into premium only vehicles). Basic business, standing stock is not good, especially with something like gas. Go to any gas station, look at the amounts the pump's register. Last time I was there I saw $5, $10, and only one or two machines over $40.
In the past, when gas went up, the majority of people complained, then bit the bullet and continued with life. They've finally raised the price to a point where people are saying "screw it" and they're changing their lifestyles. That's in no way benefitting oil companies, and they're seeing a drastic drop in sales. They have no choice but to level off the price at a point where people are willing to pay for maximum profit.
I'm not going to get into the topic of WHY the gas prices are going up, I'm just going to say anybody that believes it's because of "supply" is listening too much to the media.