October 22, 200817 yr If if drops 39 dollars more it will be back where it was nearly eight years ago. Oil falls below $70 a barrel as bleak US company forecasts fuel recession concerns. http://biz.yahoo.com/ap/081022/oil_prices.html Edited October 22, 200817 yr by mcpapa Changed "right" to "eight"
October 22, 200817 yr Gas has gone down quite a bit because of this but I don't look for it to last much longer with the holidays right around the corner.
October 22, 200817 yr Author Below 67 now. Over the last four weeks, the EIA said, motor gasoline demand was down 4.3 percent from the same period last year. Distillate fuel demand was down 5.8 percent, and jet fuel demand was down 9.2 percent. http://news.yahoo.com/s/ap/20081022/ap_ ... oil_prices
October 22, 200817 yr When oil was hovering around $150 barrel, the price at the pump was around $4.10 or so. Now that oil has dropped by over half, it's kind of funny how the price at the pump doesn't drop commensurately.
October 22, 200817 yr When oil was hovering around $150 barrel, the price at the pump was around $4.10 or so. Now that oil has dropped by over half, it's kind of funny how the price at the pump doesn't drop commensurately. There is a 10 % chance of rain in Texas with winds gusting upwards of 5 mile per hour. They are keeping that in mind while adjusting the prices. They might have to shut down a few refineries :lol:
October 23, 200817 yr I paid $2.39 over in Cincinnati today. OPEC is cutting production Friday, but analyst say that the price of oil is already factoring it. Bottom line is they let it get to high and it helped push us into this deep recession which should keep oil below 100 for quite some time.
October 23, 200817 yr I paid $2.49 in the 'Ville today, we have this stupid "re-formulated" gas.....that said, I bet OPEC really drags their feet on production, which will hike the price back up.
October 23, 200817 yr If Oil is $70/barrel, why is it some people still cant fill up their vehicles for $70?
October 23, 200817 yr Down to $2.58 in Maysville; which means it's probably in the $2.20's not far from here.
October 24, 200817 yr Author Oil trades around $63 despite OPEC cuts output http://biz.yahoo.com/ap/081024/oil_prices.html
October 24, 200817 yr Is it realistic to think that gas prices may dip to at or below $2 a gallon in some isolated areas?
October 24, 200817 yr Author I can't remember which site I read it on but one station down in Oklahoma was set at 1 buck a gal.
October 24, 200817 yr Down to $2.58 in Maysville; which means it's probably in the $2.20's not far from here. Why is it ALWAYS more here?
Archived
This topic is now archived and is closed to further replies.