PDA

View Full Version : Oil down 42.00 a barrell in 1 month



toddwarren
10-24-2008, 08:59 AM
Well oil is down over 5.00 a barrel today even though the OPEC crooks are cutting production! 42.00 a barrel in 1 month WOW:) 2.00 gas is almost here again. You watch though somebody over in the middle east will do something to spook the markets and try a drive it up again.
It is all rigged:icon_mrgreen:

BC Lightning
10-24-2008, 09:11 AM
Well oil is down over 5.00 a barrel today even though the OPEC crooks are cutting production! 42.00 a barrel in 1 month WOW:) 2.00 gas is almost here again. You watch though somebody over in the middle east will do something to spook the markets and try a drive it up again.
It is all rigged:icon_mrgreen:

My only fear is that people will forget how bad it was and it will ever so slightly start going up and up until we are back at 4.00 a gallon

ghostt
10-25-2008, 12:15 AM
the bbc late nite news said already cutting production to stop it from getting any lower,up to 2millon barrels a day.:eek2:some areas around here started a gas war with unleaded at1.97 didn't hear where.

dboat
10-25-2008, 06:34 AM
the bbc late nite news said already cutting production to stop it from getting any lower,up to 2millon barrels a day.:eek2:some areas around here started a gas war with unleaded at1.97 didn't hear where.

OPEC announced they are cutting production 1.5M barrels a day and the price still dropped..

I dont think folks are going to change driving habits just yet.. no one wants to go back to the 4 per gallon days and we sure dont want to keep sending our money to folks that dont like us.

TXLIGHTNING
10-25-2008, 07:51 AM
I filled up for under $60 last night :d, 2.67 a gal for Shell V-Power :tu: Never thought I would see these prices again lol :rolleyes:

dboat
10-25-2008, 08:08 AM
I filled up for under $60 last night :d, 2.67 a gal for Shell V-Power :tu: Never thought I would see these prices again lol :rolleyes:

And its 2.85 here for regular:flaming:

Ohmsby
10-25-2008, 09:05 AM
2.32 for the cheap stuff nothing i drive burns the cheap stuff paid 2.45 for the juice

GoldLS1
10-25-2008, 09:41 AM
What the hell is up with the variations in price in an area... reg I saw 2.09, then I saw 2.46. Diesel I saw 3.19 and 3.74!! WTF... people are pulling random numbers out there ass. The above prices were between the airport and east dallas this morning BTW.

my2002lightning
10-25-2008, 01:02 PM
I've seen 85 grade everywhere from $2.09 to $2.29 in OK at Love's.

Go figure on pricing.

tiffo60
10-27-2008, 10:10 AM
What the hell is up with the variations in price in an area... reg I saw 2.09, then I saw 2.46. Diesel I saw 3.19 and 3.74!! WTF... people are pulling random numbers out there ass. The above prices were between the airport and east dallas this morning BTW.

alot depends on when they last filled there holding tanks, it makes it hard for store owners to lower there prices with everyone else when they still have a couple of thousand gallons of fuel they payed 2.75+ for

TXLIGHTNING
10-27-2008, 10:13 AM
alot depends on when they last filled there holding tanks, it makes it hard for store owners to lower there prices with everyone else when they still have a couple of thousand gallons of fuel they payed 2.75+ for :tu: The station I got my cheapest gas at was a brand new Shell station that had just opened last Wed.

Silver_2000
10-27-2008, 10:19 AM
I was thrilled to fill up 93 for 2.39

dboat
10-27-2008, 12:04 PM
alot depends on when they last filled there holding tanks, it makes it hard for store owners to lower there prices with everyone else when they still have a couple of thousand gallons of fuel they payed 2.75+ for


But they had NO PROBLEM raising the price when their tanks had gas in it that they paid a lot less for... it goes both ways..

TXLIGHTNING
10-27-2008, 03:47 PM
But they had NO PROBLEM raising the price when their tanks had gas in it that they paid a lot less for... it goes both ways..Aint that the truth :flaming:

Wht95Lightning
10-27-2008, 03:51 PM
Gas is down to $1.93 in Burleson (35W @ Alsbury)

L8 APEX
10-27-2008, 05:12 PM
Diesel $136 bucks last night. 3.16 a gallon.

Aggie Mom
12-02-2008, 05:31 PM
I did the happy dance today! Premium was down to $1.92 in Bulverde. And premium is never that cheap down here in Bulverde. :icon_mrgreen:

Silver_2000
12-02-2008, 07:03 PM
Yeah I bought Premium for like $1.89 after a kroger discount

It was great - hope it lasts

L8 APEX
12-02-2008, 07:25 PM
Diesel for 2.41 Sunday, under 100 bucks to top off!:bows

Mark #2
12-02-2008, 07:48 PM
Once again, in America, gasoline is cheaper than bottled water. Is this good or bad?

Let's start with the bad (5 reasons):

1) Thousands of more Americans will perish in car crashes. There is a direct, undisputed correlation (http://www.treehugger.com/files/2008/08/high-gas-prices-reduce-deaths.php) between the price of gas and the number of deaths in car accidents each year. This last year, when record breaking gas prices greatly reduced nonessential driving while increasing more conservative driving habits, thousands of lives were saved. In fact, it was the first significant reduction in driving fatalities in decades.

2) Mass transit ridership (http://planetgreen.discovery.com/tech-transport/wasted-105b-mileage.html) will decline. When driving becomes cheaper than using more earth-friendly alternatives, regression occurs and vision becomes obscured.

3) The focus will shift from interest and investment in mass transit and efficient autos back to wasteful car dependence and massive infrastructure needed to support it.

4) We will have less incentive to be domestically self sufficient and free from foreign energy dependence with roller coaster prices that are out of our control.

5) Commute times will lengthen. This is opposite of what you may think, but it is true. The average commute time to work in America has more than doubled since cars were invented. The more cars on the road, the more congestion. And the cheaper the gas, the less incentive there is to live close to the workplace (in walking or bicycle distance for example).

Now the good:
ummmmm….

:tex:tex:tex:tex:tex:tex

L8 APEX
12-02-2008, 11:20 PM
Mark, I have kept those points in the back of my mind. I know it cleans up some things in society. I feel that I am on the side of folks that is affected more than others by the price of fuel. With a personal fuel bill that can rival a mortgage it is high on my list. So my quality of life improves when the cost of fuel goes down. If I made another 20-30 grand a year I would pay 5 bucks a gallon to weed out the riff raff on our roads. But then Obama would make gas stamps so the poor folks could still afford gas...:icon_rolleyes:

tiffo60
12-03-2008, 02:29 AM
Once again, in America, gasoline is cheaper than bottled water. Is this good or bad?

Let's start with the bad (5 reasons):

1) Thousands of more Americans will perish in car crashes. There is a direct, undisputed correlation (http://www.treehugger.com/files/2008/08/high-gas-prices-reduce-deaths.php) between the price of gas and the number of deaths in car accidents each year. This last year, when record breaking gas prices greatly reduced nonessential driving while increasing more conservative driving habits, thousands of lives were saved. In fact, it was the first significant reduction in driving fatalities in decades.

2) Mass transit ridership (http://planetgreen.discovery.com/tech-transport/wasted-105b-mileage.html) will decline. When driving becomes cheaper than using more earth-friendly alternatives, regression occurs and vision becomes obscured.

3) The focus will shift from interest and investment in mass transit and efficient autos back to wasteful car dependence and massive infrastructure needed to support it.

4) We will have less incentive to be domestically self sufficient and free from foreign energy dependence with roller coaster prices that are out of our control.

5) Commute times will lengthen. This is opposite of what you may think, but it is true. The average commute time to work in America has more than doubled since cars were invented. The more cars on the road, the more congestion. And the cheaper the gas, the less incentive there is to live close to the workplace (in walking or bicycle distance for example).

Now the good:
ummmmm….

:tex:tex:tex:tex:tex:tex

you really cant think of anything good............

How about now the price of everything else will come down with the price of oil? Everything we wear, eat, drink, consume is brought to us by some form of transportaion powered by fuel. The higher the fuel the more we pay for EVERYTHING. I dont think they will be able to make battery powered 18wheelers, Trains, Boats, Planes, Tractors, ect that can haul the thousands of pounds of product we live off of across the country or world for that matter. Not anytime in our future anyway if ever.

BC Lightning
12-03-2008, 02:46 AM
you really cant think of anything good............

How about now the price of everything else will come down with the price of oil? Everything we wear, eat, drink, consume is brought to us by some form of transportaion powered by fuel. The higher the fuel the more we pay for EVERYTHING. I dont think they will be able to make battery powered 18wheelers, Trains, Boats, Planes, Tractors, ect that can haul the thousands of pounds of product we live off of across the country or world for that matter. Not anytime in our future anyway if ever.

I'd rather pay more for gas and have a great economy, as opposed to a weak economy and cheap gas, granted it is nice being able to fill the Tahoe up for 35-45 bucks again, but with prices of everything hitting the bottom, I've lost more money in my IRA than I will save in cheaper gas

dboat
12-03-2008, 07:22 AM
I'd rather pay more for gas and have a great economy, as opposed to a weak economy and cheap gas, granted it is nice being able to fill the Tahoe up for 35-45 bucks again, but with prices of everything hitting the bottom, I've lost more money in my IRA than I will save in cheaper gas

Interesting posts on this one..

Mark does quote basic economic theory.. however, there is no correlation between low fuel prices and a bad economy, in fact, one would say that the high fuel prices created some of the tipping point that caused the economic mess we are in now.. when you had folks that were barely hanging on to their home, they then had their fuel bills skyrocket, well, they just quit paying their mortgage... that started a cascading set of events that landed us where we are now. Now I am not saying this was the only reason it occurred, but IMHO, it was a heavily contributing factor. Then when, in the course of the presidential election, they hear both candidates are going to bail them out or let them go months without having to pay their mortgage before they would get evicted, then you have even more folks not paying their mortgage..

Dana

joshc_guitar
12-03-2008, 11:32 AM
Topped off the Lightning For $26 on Monday at $1.79 a gallon!

toddwarren
12-04-2008, 03:18 PM
Oil closed at 43.88 a barrel today:tu: I am sorry some disagree but the stock market sux, real estate investment sux, so at least we are not paying 4.00 a gallon for gas! In a way the lower gas prices are to us real people here in the U.S.A. a stimulus to us.
Wait to until we run over a 1trillion dollar deficit this year with our
budget:icon_eek:
I am hoping they really do make available 4.5% real estate loans that is a great deal be ready to buy or refi if they do.

TXLIGHTNING
12-04-2008, 03:22 PM
$1.89 gal for Shell V-Power last night :D

dboat
12-04-2008, 04:16 PM
Oil closed at 43.88 a barrel today:tu: I am sorry some disagree but the stock market sux, real estate investment sux, so at least we are not paying 4.00 a gallon for gas! In a way the lower gas prices are to us real people here in the U.S.A. a stimulus to us.
Wait to until we run over a 1trillion dollar deficit this year with our
budget:icon_eek:
I am hoping they really do make available 4.5% real estate loans that is a great deal be ready to buy or refi if they do.

the 4.5 is only for buys...not for refi's... but still if you are in the market, now is a great time to buy...

98Cobra
12-04-2008, 04:27 PM
Yea, I just wanted to chime in that part of the reason the economy sucks right now is because fuel got so expensive so fast. Companies that do fuel hedging are now kicking themselves because it came down so fast too. It certainly makes the products we produce more expensive, which means you get less for your money.

I do know my driving habits have changed a little since prices dipped back to 2004 levels - I am driving the truck a little more than I was before.

Also Mark nice link to treehugger.com - the last place I thought I would ever see a link there is this forum :D

98Cobra
12-04-2008, 04:37 PM
I should also add - I have seen enough crap like this on the few times I have had to ride public transportation that it is not a huge wonder why people drive.

http://www.youtube.com/watch?v=J-UPLc1f9oY

Mark #2
12-04-2008, 04:38 PM
Also Mark nice link to treehugger.com - the last place I thought I would ever see a link there is this forum :D

About time someone fiqured it out, it was a joke.:tu:
I like low gas prices.:D

joshc_guitar
12-04-2008, 04:54 PM
I should also add - I have seen enough crap like this on the few times I have had to ride public transportation that it is not a huge wonder why people drive.

http://www.youtube.com/watch?v=J-UPLc1f9oY


HAHA I'm President Charlie lmfao :rll:

dboat
12-04-2008, 04:58 PM
they apologized...


http://www.youtube.com/watch?v=khgfXRgDQSI&NR=1

she is bipolar...

my2002lightning
12-04-2008, 05:07 PM
MARTA was enough for me. :tex


I should also add - I have seen enough crap like this on the few times I have had to ride public transportation that it is not a huge wonder why people drive.

http://www.youtube.com/watch?v=J-UPLc1f9oY

98Cobra
12-04-2008, 06:26 PM
they apologized...


http://www.youtube.com/watch?v=khgfXRgDQSI&NR=1

she is bipolar...

Yea. Doesnt make me want to ride with her.