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Post by illinoisfisherman on Nov 4, 2024 8:43:26 GMT -5
Right 🤣😂
As soon as he wins the election fuel prices will begin to fall
If the unbelievable happens and the socialist/communist ticket was to win fuel prices will jump through the roof!
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Post by cadman on Nov 4, 2024 8:52:46 GMT -5
Right 🤣😂 As soon as he wins the election fuel prices will begin to fall If the unbelievable happens and the socialist/communist ticket was to win fuel prices will jump through the roof! You are going to be so disappointed if he wins. I will remind you of stupid posts like this. Oil prices have already fallen this year. Right now oil is averaging $67 to $73 a barrel. How low do you think it go by March of 2025 if Trump wins? |
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Post by illinoisfisherman on Nov 4, 2024 9:57:53 GMT -5
Around $45
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Post by ferris1248 on Nov 4, 2024 10:46:51 GMT -5
Tell us why you think that? |
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Post by illinoisfisherman on Nov 4, 2024 11:01:39 GMT -5
That is the price where they can profitably frack. Below $45 it’s hit or miss. Some wells are not profitable then
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Post by Tarponator on Nov 4, 2024 15:00:37 GMT -5
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Post by biminitwisted on Nov 4, 2024 15:06:52 GMT -5
I was shocked on my road trip because it's the first time in memory I ever paid less for gas in Florida than in Georgia.  |
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Post by illinoisfisherman on Nov 4, 2024 15:27:56 GMT -5
Below $2.00 is where we want to be. Great stimulus for the economy
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Post by cadman on Nov 4, 2024 15:58:07 GMT -5
Below $2.00 is where we want to be. Great stimulus for the economy Oil would have to go lower than $45 a barrel. You contradict yourself by saying oil at $45 is the minimum. That would give you $2.50 or so gasoline. $2.25 in a few places. |
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Post by ferris1248 on Nov 4, 2024 16:05:19 GMT -5
Below $2.00 is where we want to be. Great stimulus for the economy Oil would have to go lower than $45 a barrel. You contradict yourself by saying oil at $45 is the minimum. That would give you $2.50 or so gasoline. $2.25 in a few places. He's a walking contradiction partly truth and partly fiction Taking every wrong direction on his lonely way back home" |
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Post by PolarsStepdad on Nov 4, 2024 16:06:57 GMT -5
$2/gal all those Rigs in the U.S. stop pumping.
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Post by Tarponator on Nov 4, 2024 16:32:43 GMT -5
Below $2.00 is where we want to be. Great stimulus for the economy Oil would have to go lower than $45 a barrel. You contradict yourself by saying oil at $45 is the minimum. That would give you $2.50 or so gasoline. $2.25 in a few places. You mean he's not really thinking this through?
Shocking!
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Post by illinoisfisherman on Nov 4, 2024 17:16:49 GMT -5
🤣😂🤣
Ask me if I give a rats ass
Look up the national average for the price of gas when the oil was at $45
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Post by illinoisfisherman on Nov 4, 2024 17:22:46 GMT -5
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Post by Tarponator on Nov 4, 2024 17:27:01 GMT -5
Um, in case you did not notice, that's a school homework assignment with 2009-2010 data, not a primer on oil/gasoline pricing.
To answer your inane question: The last time oil was $45 was in the middle of COVID. While that may have been a joyful time for you to look back on, I'm not exactly sure that's the comparison you want to make.
Clearly you gave up on making sense long ago. If only you'd keep it to yourself or on more innocuous topics, IF, we'd be getting somewhere.
Alas, we're stuck looking at your rat ass and cleaning up your messes.
Gluttons for punishment.
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Post by cadman on Nov 4, 2024 18:21:53 GMT -5
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Post by illinoisfisherman on Nov 4, 2024 18:39:30 GMT -5
Please read the article I posted above. It explains ehat relationship there is between oil prices and gas prices. (If any)
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Post by cadman on Nov 4, 2024 18:44:43 GMT -5
Please read the article I posted above. It explains ehat relationship there is between oil prices and gas prices. (If any) Please read the chart I linked, it is actual prices by month and not homework for a class. Actual data is the best source for comparison. You will need to provide me your login information to read the answer in your link. It is a pay member site. Or you could post the formula and values. i am sure you understood the equation and did the analysis and t-test and can tell me the relationship |
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Post by illinoisfisherman on Nov 4, 2024 18:49:35 GMT -5
The article I posted explains that there is very little correlation between the price of oil and the price of gasoline
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Post by illinoisfisherman on Nov 4, 2024 18:52:44 GMT -5
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Post by cadman on Nov 4, 2024 18:59:20 GMT -5
IT IS A PAY SITE. I CAN'T READ THE ARTICLE. ALL I GET IS THE OPENING SENTENCE. It is also a homework assignment, not real data. |
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Post by illinoisfisherman on Nov 4, 2024 19:00:03 GMT -5
Sure. Read it again please
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Post by cadman on Nov 4, 2024 19:03:02 GMT -5
The article I posted explains that there is very little correlation between the price of oil and the price of gasoline There is a correlation within a set of values. If oil is $70 a barrel, there is a range of prices that gasoline will be based on historical data. It gas is $45 a barrel, there is a range of price gas will be based on historical data. As I posted, at $45 a barrel the range is $2.25 to $2.50. The price has to go below $40 a barrel before the low end of the range goes below $2 a gallon. |
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Post by cadman on Nov 4, 2024 19:05:14 GMT -5
Sure. Read it again please This is all i get from your link, if you see more, then copy and paste it here. Question: The average gasoline price per gallon (in cities) and the cost of a barrel of oil are shown for a random selection of weeks from 2009-2010. Is there a linear relationship between the variables? Oil ($) 46.25 37.51 78.00 75.39 84.88 73.78 Gasoline ($) 2.197 2.182 2.987 3.015 3.109 3.000 Correlation T-Test: The t-test can be used to test Pearson's correlation between two variables, determining whether the relationship is linear or not. If the test result is statistically significant then the relation is linear, otherwise it is not. |
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