Gasoline group buy for June 2010 - BMW Luxury Touring Community
View Poll Results: Do you want to purchase June 2010 gas at $3.3318
I'm in 8 26.67%
No way 13 43.33%
I am going total electric 0 0%
I will be dead 1 3.33%
Coop is a complete wack job 8 26.67%
Voters: 30. You may not vote on this poll

 
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post #1 of 21 Old May 23rd, 2008, 9:42 pm Thread Starter
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Question Gasoline group buy for June 2010

Anyone want to join me in a group buy of gas for our precious BMW's.
Be ready for summer travel!
June 2010 closed at $3.3318 today on the MYMEX. This is before tax delivered to NYC. We have two years to work out the details.
42,000 gallons US!

Norris Cooper Andover Kansas USA
06 K1200GT
93 K1100RS

Last edited by norriscooper; May 23rd, 2008 at 9:54 pm.
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post #2 of 21 Old May 24th, 2008, 12:05 am
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Re: Gasoline group buy for June 2010

Quote:
Originally Posted by norriscooper
42,000 gallons US!
Now, at an average mileage of say..46 mpg, how long could the forum ride? I don't know if I have enough 55 gal drums for all of that either.
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post #3 of 21 Old May 24th, 2008, 1:14 am
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Re: Gasoline group buy for June 2010

I think it is a good deal.
The predictions is now that the fuel will get twice as exspencive but then return some. We would be very lucky if we have same price as we have today.


PS! I live in the Oil Capitol of my country and there is lots of high level debates on the prices.

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post #4 of 21 Old May 24th, 2008, 1:16 am
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Re: Gasoline group buy for June 2010

I think it is a good deal.
The predictions is now that the fuel will getup to 180-190 a barrel but then return some. We would be very lucky if we have same price as we have today.


PS! I live in the Oil Capitol of my country and there is lots of high level debates on the prices.

2003 K1200LTE Impala Brown
1991 Kawazaki 1000 LTD US 1983 (sold)
1987 Suzuki GSX 1100 1982 (sold)
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post #5 of 21 Old May 24th, 2008, 7:01 am
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Re: Gasoline group buy for June 2010

When it does get twice as expensive there will be some benefits. How will youngsters afford gas? That will take a bit of the inexperienced off the road at times. The uninsured, unlicensed, illegal alien won't be able to afford to drive as much. The alcoholics and drugs addicts will have to choose between their flavor of poisoning or fuel. More folks will take the bus (not an option here). The roads will get less wear and tear. Maybe, just maybe, more folks will ride their bikes.

And here's the biggest hope, mayhaps our legislators will make it more friendly for us bikers on the road, lane splitting for one. But, I'm not holding my breath on our legislators doing anything intelligent, though.



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post #6 of 21 Old May 24th, 2008, 7:08 am
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Re: Gasoline group buy for June 2010

Quote:
Originally Posted by grifscoots
And here's the biggest hope, mayhaps our legislators will make it more friendly for us bikers on the road, lane splitting for one. But, I'm not holding my breath on our legislators doing anything intelligent, though.
Legislators doing something intelligent now that is just down right funny

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post #7 of 21 Old May 24th, 2008, 7:55 am
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Re: Gasoline group buy for June 2010

If diesel can be part of it I'm in!
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post #8 of 21 Old May 24th, 2008, 9:05 am
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Re: Gasoline group buy for June 2010

Re: Gasoline group buy for June 2010
I think it is a good deal.
The predictions is now that the fuel will get twice as exspencive but then return some. We would be very lucky if we have same price as we have today.


PS! I live in the Oil Capitol of my country and there is lots of high level debates on the prices.
__________________

Quote:
Originally Posted by paalao
I think it is a good deal.
The predictions is now that the fuel will getup to 180-190 a barrel but then return some. We would be very lucky if we have same price as we have today.


PS! I live in the Oil Capitol of my country and there is lots of high level debates on the prices.
You can say that again... Oh, wait! You just did!

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post #9 of 21 Old May 24th, 2008, 9:08 am
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Re: Gasoline group buy for June 2010

Quote:
Originally Posted by grifscoots
And here's the biggest hope, mayhaps our legislators will make it more friendly for us bikers on the road, lane splitting for one. But, I'm not holding my breath on our legislators doing anything intelligent, though.
I still don't get why lane splitting isn't legal in all states. Virtually all countries in the world allow it.
Perhaps the AMA should focus in more on lobbying for this rather than trying to keep the "freedom" to ride without a helmet. I am just sayin'

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For her I climbed the highest mountain!
For her I swam across the deepest ocean!
For her I walked through the largest desert!
And then she left me... She said I was never home!!!


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post #10 of 21 Old May 24th, 2008, 10:06 am Thread Starter
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Red face Diesel and crack

Quote:
Originally Posted by nplenzick
If diesel can be part of it I'm in!
Nick,
Ok, we will fix you right up with 42,000 gallons.
June 2010 diesel $4.0015.


The one that really captures my attention is the Crack Spread futures and options?
http://www.nymex.com/crack_spread_overvi.aspx

Norris

Last edited by norriscooper; May 24th, 2008 at 10:12 am.
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post #11 of 21 Old May 24th, 2008, 10:13 am
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Re: Gasoline group buy for June 2010

Could someone 'splain the details of this thread to this moron.
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post #12 of 21 Old May 24th, 2008, 10:45 am Thread Starter
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Question Re: Gasoline group buy for June 2010

Quote:
Originally Posted by messenger13
Could someone 'splain the details of this thread to this moron.
Joe,
I am just trying to make a point. If you think the price of gas or most any commodity is over valued you can buy it way out in the future by using a long position. Short position if you think it is under valued.

That probably didn't help much!

Example: On the gas price poll 84% of those responding think the price of gas will be higher in two years than today. They can purchase a futures contract for two years out at $3.33 (before tax and transportation) the profit goes toward your purchase of gas in two years. You can also loose money, big time, but you make it up when you purchase cheaper gas.
I use cattle hedges (short selling in my case) as a way to lock in a price for the cattle I purchase now which will come to market in December. If I can't lock in a profit I usually don't buy the cattle.

Now if you really want to screw with your mind learn about puts and calls and the options market.

It isn't easy being a cowboy anymore! Now you understand why I am wacko!

Norris Cooper Andover Kansas USA
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post #13 of 21 Old May 24th, 2008, 11:10 am
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Re: Gasoline group buy for June 2010

We're already paying over $8.14 per US gallon now!!!!!!!!!!!!!


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post #14 of 21 Old May 24th, 2008, 11:12 am
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Re: Gasoline group buy for June 2010

You can all sit back and relax about your gas prices. Here in Europe, gas prices are worse. Comparison: our gas (in the Netherlands) will set you back 1.60 euros for a liter, which boils down to 11.30 dollars for a gallon. That's our greedy government trying to steal our money. So be happy with 3.30 for a gallon...
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post #15 of 21 Old May 24th, 2008, 11:30 am
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Re: Diesel and crack

Quote:
Originally Posted by norriscooper
Nick,
Ok, we will fix you right up with 42,000 gallons.
June 2010 diesel $4.0015.


The one that really captures my attention is the Crack Spread futures and options?
http://www.nymex.com/crack_spread_overvi.aspx

Norris
I'll have to get back to you on that, I can't figure where I'd put 153 275gal fuel tanks. I don't think my basement is big enough!
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post #16 of 21 Old May 24th, 2008, 12:37 pm
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Re: Gasoline group buy for June 2010

Quote:
Originally Posted by SurfMan
That's our greedy government trying to steal our money. So be happy with 3.30 for a gallon...
It all comes out in the wash. You don't pay for health insuance and other "social" things so your Govt. taxes you more. We don't have high govt taxes on gas and such but we do pay for everything out of pocket.
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post #17 of 21 Old May 24th, 2008, 7:11 pm
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Gasoline group buy for June 2010

Quote:
Originally Posted by SurfMan
....That's our greedy government trying to steal our money. So be happy with 3.30 for a gallon...
So more taxation is not the answer to all fiscal questions?
Quote:
Originally Posted by Morley
....You don't pay for health insuance and other "social" things so your Govt. taxes you more.....
Ahhhhh yes, I see. Just like we don't have to pay for "free" public education and health care. OK, so more taxation is the answer, after all!

"Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." (Some really OLD friggin' White dude who couldn't have possibly known what he was talking about!) WARNING: Official HATE speech!
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post #18 of 21 Old May 24th, 2008, 11:18 pm
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Re: Gasoline group buy for June 2010

Quote:
Originally Posted by jayjacobson
Ahhhhh yes, I see. Just like we don't have to pay for "free" public education and health care. OK, so more taxation is the answer, after all!
WTF are you on? I don't know about you but I pay for the "free" public educational system...its called, ta-td..School Tax and what about all of those medicare taxes they with hold from my pay?
I think you missed the boat, catch the next one on the return trip.
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post #19 of 21 Old May 25th, 2008, 9:04 am
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Gasoline group buy for June 2010

Quote:
Originally Posted by Morley
WTF are you on? I don't know about you but I pay for the "free" public educational system...its called, ta-td..School Tax and what about all of those medicare taxes they with hold from my pay?
I think you missed the boat, catch the next one on the return trip.
STOP THE PRESSES! HOLD ON HERE! TIME OUT! So you're saying that all those "FREE" big government programs are NOT REALLY FREE?! WTF?!

Oh I see where this is going....next you'll be telling me that all those poor people, who just happen to be illegal, are costing us BILLIONS annually by accessing all our "FREE" social services.

"Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." (Some really OLD friggin' White dude who couldn't have possibly known what he was talking about!) WARNING: Official HATE speech!
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post #20 of 21 Old Dec 8th, 2008, 9:01 pm
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Re: Gasoline group buy for June 2010

How about Now??????


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post #21 of 21 Old Dec 9th, 2008, 12:10 am
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Gasoline group buy for June 2010

Quote:
Originally Posted by coug66
How about Now??????

I would not get to comfortable with prices as they are now....

"Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." (Some really OLD friggin' White dude who couldn't have possibly known what he was talking about!) WARNING: Official HATE speech!
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