Oil has fallen by more than 50% since July 2014. How can I benefit from that fall, either by: 1. Gas banking - Is there a way I can buy gas at the current low rate and use it later after prices have risen? 2. Buying stock - Either a sector fund through an investment firm like Smith Barney, or buying pieces of stocks individually like through Ameritrade or Sharebuilder? 3. Or some other way? Or should I just buy the cheap gas and enjoy the reduction as long as it lasts?
Is there a way to tell if I have already added the oil into the gas can for my two-stroke trimmer? [more inside]
Not that I'm complaining, but why have gas prices dropped so dramatically in recent weeks? I understand how they rose so high-- chaos in the Middle East disrupted the oil supply and hurricanes destroyed some processing capability in the US-- but I'm seeing close to $1.80 a gallon now when I thought I'd never see under $3 again. Forgive me for my ignorance, but I feel like I missed something.
Is there a relatively safe way for me, a typical consumer, to hoard gasoline? [more inside]
Where does oil refined to make gasoline on the west coast of North America come from? Alaska? Mexico? Alberta?
Gas (petrol) question: We've had discussions in the blue about regional price differences for gasoline. But why do different gas stations in the same market region come so close to each other on price? Are the markets for the raw oil and the refining so limited that they all end up with the same cost? I find that hard to believe. Also, is there any difference, in real terms, between gasoline from one vendor versus gas from another?