oil prices rise on news that a butterfly farted in Iran

Will Robinson · Post by **Will Robinson** » Fri Mar 20, 2009 9:31 am

So the prices go up if two of our boats bump into each other.
Will they go down if the boats leave the area?
Heh! I didn't think so.

F@#$ing speculators working for the producers to drive up the prices at will like a municipality sending out the traffic cops to make quotas on speeding tickets when they need the extra cash!

When prices got too high a while back people started looking for answers then all of a sudden they drop even though demand didn't drop at the same rate...obviously the powers that be wanted to cool us off a bit.

I think commodity markets should have a filter, caps on maximum daily movement and more strict rules on total volume per trader and per day.
Oil traded much more rationally before stupid 24 hour news cycles on a bazillion channels was introduced as an excuse for milking the consumer.

CDN_Merlin · Post by **CDN_Merlin** » Fri Mar 20, 2009 9:47 am

I agree. Gas prices here changed multiple times a day. It's retarded.

Duper · Post by **Duper** » Fri Mar 20, 2009 10:35 am

noticed it jumped 5 cents over night.

CDN_Merlin · Post by **CDN_Merlin** » Fri Mar 20, 2009 10:40 am

We've had it rise 8 cents a litre overnight.

Testiculese · Post by **Testiculese** » Fri Mar 20, 2009 12:20 pm

I drove past the gas station at 6:45am, and it was $2.01. I picked up someone and returned the way I came about 7:30am, and the price was then $2.06.

Just in time for rush hour.

Gekko71 · Post by **Gekko71** » Fri Mar 20, 2009 9:39 pm

In my home state of Western Australia the've implemented a \"FuelWatch\" policy - where service stations must notify a government website of their intended petro price 24 hours in advance - plus they can't change their prices for 24 hours. It's a great scheme! The nightly news bulletins announce where the cheapest petol will be tomorrow and the servos ahve to keep that price all day.

Granted, some try to fiddle the scheme by only opening one or two pumps, but they run the risk of alienating customers and driving them to a competitor - so it doesn't happen much.

IO strongly recommend you push for it - in my opinion it works!

Sedwick · Post by **Sedwick** » Mon Mar 23, 2009 9:56 pm

LOL!! I'm sorry, this topic's title kicks all forms of ass.

Ferno · Post by **Ferno** » Tue Mar 24, 2009 5:57 pm

up here it took about two weeks from the prices to go from 1.40 a litre, down to .75 a litre, and then back up to .95 a litre