Oil at $25 next year. Start buying futures now!

[Hoss]

quote:Originally posted by inteller

quote:Originally posted by Hoss

quote:Originally posted by MichaelWayne_71

Gas went up to 1.49/gallon between 10am-12am today @ QT

Yep, but oil is still sub 50 and is down a dollar and a half for today at 44 and change.

Fluctuations like this, as in previous years, I typically blame on the holidays.

i blame price gouging for the 12 cent hike.  That was uncalled for.  The stations around here saw sleet and WHAM jack up the prices.  That is illegal.

Only if more than 10 percent, if I recall from last years' 31st and Memorial episode at the Shell station there.  10 cents on 1.39 is under that.

But it could be both...or either...or neither.

[]

[inteller]

quote:Originally posted by Hoss

quote:Originally posted by inteller

quote:Originally posted by Hoss

quote:Originally posted by MichaelWayne_71

Gas went up to 1.49/gallon between 10am-12am today @ QT

Yep, but oil is still sub 50 and is down a dollar and a half for today at 44 and change.

Fluctuations like this, as in previous years, I typically blame on the holidays.

i blame price gouging for the 12 cent hike.  That was uncalled for.  The stations around here saw sleet and WHAM jack up the prices.  That is illegal.

Only if more than 10 percent, if I recall from last years' 31st and Memorial episode at the Shell station there.  10 cents on 1.39 is under that.

But it could be both...or either...or neither.

[]

it was 12 cents down south.  i need to start getting my gas where the po folk live.

[DolfanBob]

QT went from $1.37 to $1.49 today.
Here we go again.[V]

[Hoss]

quote:Originally posted by DolfanBob

QT went from $1.37 to $1.49 today.
Here we go again.[V]

Today?

Welcome to yesterday.

[sauerkraut]

quote:Originally posted by inteller

quote:Originally posted by Hoss

quote:Originally posted by MichaelWayne_71

Gas went up to 1.49/gallon between 10am-12am today @ QT

Yep, but oil is still sub 50 and is down a dollar and a half for today at 44 and change.

Fluctuations like this, as in previous years, I typically blame on the holidays.

i blame price gouging for the 12 cent hike.  That was uncalled for.  The stations around here saw sleet and WHAM jack up the prices.  That is illegal.

Price Gouging all over the country? We had a 20-30 cent pump price jump last week in Ohio, all stations raised their prices, and just now  they starting to fall a few pennies a day. Our prices were $1.41 last week then they jumped to $1.79 overnight, (a few stations were a bit lower at around $1.65, but they still were up over the $1.41). Today our prices around the city of Columbus, Ohio are from a low of $1.55 to $1.75. Most are in the $1.65 range. It's still cheap when you think about the $4.00 a gallon gasoline four months ago.[]

[Hoss]

Oil down almost a dollar even as threat of OPEC reduction looms.

http://www.cnbc.com/id/28242907

How do you explain that?  It would appear that the demand vs OPEC and their whining about prices doesn't amount to a hill of beans right now in this economic climate.  People modified their driving habits when gas was creeping on $4 a gallon; they've maintained those habits now that gas is sub $2.

[sauerkraut]

quote:Originally posted by Hoss

Oil down almost a dollar even as threat of OPEC reduction looms.

http://www.cnbc.com/id/28242907

How do you explain that?  It would appear that the demand vs OPEC and their whining about prices doesn't amount to a hill of beans right now in this economic climate.  People modified their driving habits when gas was creeping on $4 a gallon; they've maintained those habits now that gas is sub $2.

Indeed, but the world economy is in the dumper, OPEC just anounced they will cut 2.2 million barrels of oil that is alot of oil lost. Some people are thinking that a few OPEC nations will cheat and not cut back production very much so that could play a roll in keeping oil prices low. A 2.2 million oil barrel cut is not small potatos, it will have to work it's way thru the system-

[Hoss]

quote:Originally posted by sauerkraut

quote:Originally posted by Hoss

Oil down almost a dollar even as threat of OPEC reduction looms.

http://www.cnbc.com/id/28242907

How do you explain that?  It would appear that the demand vs OPEC and their whining about prices doesn't amount to a hill of beans right now in this economic climate.  People modified their driving habits when gas was creeping on $4 a gallon; they've maintained those habits now that gas is sub $2.

Indeed, but the world economy is in the dumper, OPEC just anounced they will cut 2.2 million barrels of oil that is alot of oil lost. Some people are thinking that a few OPEC nations will cheat and not cut back production very much so that could play a roll in keeping oil prices low. A 2.2 million oil barrel cut is not small potatos, it will have to work it's way thru the system-

Hmm..evidently even the announcment of the oil reduction has done nothing..Oil is now settling to right at 40 a barrel.

[sauerkraut]

Oil is at $38.00 a barrel the last time I looked at the Bloomberg report. I guess they figure alot od OPEC nations will cheat and not cut production. OPEC nations love that oil money coming in. Pump prices have not fallen much here.