benray4fun
New member
Invest in oil, prices are only going to go higher and higher. Demand has now exceeded supply world wide so prices are never coming back down unfortunately.
OT: Connecticut is the second most expensive state to purchase gas
- Thread starter argi
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Fiziksgeek
New member
Hey everyone...well, I arrived here in Melbourne, FL. Gas is about $3.80..it was $4.05 in Simsbury when I was last out on Wednesday night..likely higher now.
I paid $3.53 when I filled up in New Jersey on Thursday, and $3.75 in North Carolina on Friday.
I paid $3.53 when I filled up in New Jersey on Thursday, and $3.75 in North Carolina on Friday.
I agree with Cato. Countries can produce a lot more. One thing that will help is that effective 7/1 ,the US Gvmt won't be buying 76,000 barrels a day to stick in the Gulf of Mexico. Just think if we were to sell off the 702.7 million barrels of oil we have at a rate of 2 million barrels a day. We could push prices down maybe as much as $20 a barrel and free up close to $100 billion of US tax dollars.
There are a couple of good things coming from he high prices. The first being that we are restarting our oil wells in the mid west so we will not need as much foreign oil. The other thing is we now have more of a focus on finding alternative energy sources.
As to why Ct is so expensive, we have a 7% tax at the wholesale level (which is set to go up to 7 1/2% on 7/1). If I am not mistaken, CT is the most per person in debt state in the country.
I just can't understand how or why ct can have such high debt. Think about it, Gas tax, sales tax (sometimes twice or more... cars, boats, motorcycles, etc), income tax, and the casino's "donate" a portion of there slot winnings to us. Something is wrong somewhere.
Oh, and the Saudi oil minister just told Mr. Bush for the second time, no they will not increase oil production to drop the price for the US. The are currently meeting their demand and have to reason to increase production.
Oh, and the Saudi oil minister just told Mr. Bush for the second time, no they will not increase oil production to drop the price for the US. The are currently meeting their demand and have to reason to increase production.
Herpn
New member
States have a road tax and CT has a fairly high road tax. Jersey always has cheaper gas than us. I recall driving to FL from CT in 1997 and I paid 99 cents a gallon in NJ. In CT it was around $1.30 a gallon. Kinda Crazy since right in New Haven harbor there are many Oil tanks since that is a drop off spot for oil. When I go to VT the gas is always cheaper. Kinda weird cause they dont have any oil tanks there..
renogaw
New member
if the price of oil ever drops, there would be such a fall out in the stock market that people would probably kill themselves lol. they are all happy to trade it as a commodity, but owning that much in virtual oil has to be risky. imagine if it dropped $20 a barrel?? how much would people lose (hedge funds, mutual funds, 401k's??) way too much.
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