I'm so excited ... and I just can't hide it!

Wow so cheap so why doesn't the price of products especially food reflect the cheap cost of gas?

$1.89.

$1.94 here

Got gas at Sam's Club in Fountain Valley for $2.59/gal a couple days ago.

Gas is going down and yet the price of food is not. Cost of food goes up when it costs more to ship. So why isn't the price of food not going down?

$1.78.

good question

The prices should have been adjusted with 2-3 quarters of lower gas prices, but unless consumers stop buying the product...price isn't going to budge.

And when it does drop, an eagle eye will notice that the size of the product package is smaller also.


By the way, what ever happened to "No Frills" products, Foot?

I am the one who buys the groceries, but I do it on line so I notice the price changes. More then the average person who goes to the big store to buy them.

Going to the local mom and pop store. That is when you really see when you buy a small tray. How much smaller they are now at an even higher price then they were before.

That looks like the can they put the explosive that they used to bring down the Russian plane.

1.85 here last night. Gonna check on E85 Tuesday

$1.68.

Holy Shist. NJ $1.69. That's the closest we've come to Oli.

It's not unlikely that gas will fall below $1 in 2016.

Geez, and I thought it was pretty good here in Ca. Right now in my area it's between $2.34 - $2.49. Under $2 sounds great but I can't even imagine $1 or less.




TIS

$1.87 in this part of Arizona--and we're not a low-priced gasoline state.

$1.74 here. Regular is less than E85 now

Yeah we have so much extra oil we have no place to refine it. Obama does not want us to build any because it will lead to more jobs and less people on welfair which means less democrat votes.

So we are exporting it to who the hell knows where.

Dow just went down over 300 points today. Keep watching your 401ks

This [BadWord] who runs the democrat national committee wants us to have more lower middle class under hill. But no creating new upper class except her. Raise the minimum wage horray.

http://www.wsj.com/articles/crude-oil-falls-further-in-asia-to-fresh-multiyear-lows-1452141771


01/07/2016

U.S. oil prices joined the global benchmark at levels last seen in 2004, hammered by the market turmoil in China, the world’s second-biggest consumer of the fuel.

Worries about slowing economic growth, especially in China, are helping to drive the sharp drop in crude prices. With producers in the U.S. and Mideast still pumping oil at a fast clip, a drop-off in demand would add to the global supply glut that has shaved about 70% off prices over the past 18 months.

The U.S. benchmark crude-oil contract tumbled 70 cents, or 2.1%, to $33.27 a barrel Thursday on the New York Mercantile Exchange. That is the lowest close since February 2004.

Just a month ago, oil markets were preoccupied with the idea of oil staying below $40 a barrel. Now a number of analysts say $30 a barrel is the next stop for the battered commodity.

“It looks more likely than not that we will drop below $30,” said Chris Main, oil strategist at Citigroup. “And with fundamentals looking pretty terrible, we could stay there for a couple of months.”

Some analysts are even calling for oil to drop into the $20-a-barrel range, a view that grabbed headlines back in September when it was espoused by Goldman Sachs analysts. At that time, the investment bank was a rare outlier. Then, the average forecast of 12 investment banks polled by The Wall Street Journal was for $47 a barrel in the first quarter of this year.

Wall Street and industry analysts have repeatedly been proved wrong during the oil rout, whose speed and scope have defied even the most pessimistic forecasts.

“Demand won’t be coming to the rescue this time, with China and the way the world economy is shaping up,” said Doug King, chief investment officer at RCMA Asset Management and manager of that firm’s $225 million Merchant Commodity hedge fund. China consumes about 12% of the world’s oil, making it the world’s No. 2 user after the U.S.

$1.69.

Hey gas prices are going down even more. Because of that your 401-k are going to take a dump.

Why aren't food prices cheaper since the cost of shipping food is cheaper.

My daughter just bought her 2nd house in NJ to be close to where she works. She is keeping the house in belle harbor near the beach.


She got a call to day they are down sizing her company fired 140 people. Luckily they are keeping her. So only 45 people are left. They are out sourcing everythin the factory even HR.

But Obama said things are all perfect. He would not lie would he?

$1.54.

Got it for $1.97 in Danbury Ct.

Danbury? This whole time I thought you were a NY guy Not that you can't leave the state to visit but really you're from Ct?

I haven't seen anything around here less than $2.95

1.63 here

LOL, I am from NY but we also have a place near Danbury. $2.95? you need to move back here! P?S Have a Happy New Year AG!

No way would he lie. After all, he is our Pres. And here is another non-lie...trickle down economy will work. Give tax breaks to the rich and they will hire more people....in Sri Lanka or Viet Nam. Let's face it, Republicanw want to take and Democrats want to give. Are there any Republicrats out there?

With sanctions off, just wait until Iran dumps their "oil" on the world market. I do like cheap gas, tho. I remember a gas "price war" in May of 1973 -- $.19 /Gal. for Regular.

You do know that there was no such thing as "trickle down," right? There was "Supply Side economics" if that's what you mean. And when it was applied during the Coolidge, Kennedy/Johnson and Reagan administrations it did work. You probably don't realize that "the rich" pay most of the taxes and when they get to keep more of the money they earn it results in investments (which creates jobs), purchases (which creates jobs), or savings (which creates investments which creates jobs). Or maybe that a lot of outsourcing actually saves companies from going bankrupt because their margins are so slim between taxes, fees and regulations. Have you ever owned a business? Do you know the risks and liabilities in owning a business, and that in a lot of start-ups the owners may end up paying themselves less then their employees? A lot of businesses shut down in the first couple of years for a lot of reasons, which can mean that owners and investors can face losing a lot of money? Let's face it, Republicans want to let more people keep what they earn and Democrats want to take it from their pockets and purses and give it to themselves and their constituents. BTW, I'm an independent.

How much is a gallon now? If you have 401k are you happy now?

A lot of companies are cost cutting now. They are laying off people. There not leaving the country they are just down sizing. They are not spending money to expand.

You better be an important worker to the company or your going to be let go.

But don't worry if Hillary becomes president minimum wage goes up to 15 dollars an our. You will be made in the shade.

$1.45 and counting.