I have no idea, luv. Sans all the economic turmoil, I would say crude should be around $60 to $70.

So theoretically, when crude was $130+, gas was above $4. That means IF crude drops to $60, gas should be $2?

And gas is still $3.39 here.

wow its 2.69 here(mid missouri)

Gasoline was $4.11 when crude reached its peak ($147) this year in July. The last time crude was $60, gasoline was ~$2.50/gallon.

If it's been discussed already today then I apologize. Why does OPEC want to decrease production now Donger? Any clue?

To attempt to push the price back up.

I could live with $2 gas, but I want something lower.

$2.46 in Topeka.

Notice a 13 cent price decrease in one day, at the same 2 stations.

No shit?

It JUST dropped under 3.00 here in STL today, and we're normally cheaper than KC - though they've been under 3.00 for over a week, IIRC.

T-Town has lots of government, obviously. That may have something to do with it.

It's still 3.50 here. It just now got back down from the gouging that the stations did back when Ike went through and gas went up over .50 in a few hours.

Are there still lines at the pump, or was that elsewhere in the south?

National retail average is now $3.18/gallon. That's a $0.63 drop in one month. Crude's up today, however.

Lowest price in Topeka is $2.39

Still $3.23 by me. :grr:

Hopefully we'll be back under $3.00 soon.

$2.47 Here in Edmond...

2.29

That's lower than it is here.

We dropped to $3.46. Wheeeee. :rolleyes:

$2.99 here Wo-ho Pre-election move.

WTF ? Where ?
Only down to 3.05 here, I heard it's 2.95 in Paducah.

$2.55 in Wichita.

Liar.

http://www.missourigasprices.com/

That's great. I saw $2.59 this morning. Where is the $2.55?

I didn't say what was 2.29

Crude closed up $3.49 to $81.19. 4.49% jump. Not really unexpected considering the free-fall last week.

DeFry tuition for a semester?

?

short covering?

$2.46 in Springfield. I was on E, and I just filled my car up for $36.50. Been a while since I was able to do that.

How come the prices are going down?

Possibly.

One of the articles had a quote saying oil may not reach the $50 to $60 range. Do you think gas prices will go below or near $2 a gallon?

I don't believe it will, no. I would guess in between $70 and $80 for a while.

$2.00 gasoline is ~$50.00/barrel.

Wait, am I missing something?

How the **** is your gas at $2.40, while I just paid $3.40 yesterday.

**** that.

You live in the People's Republic of California. Enough said. You get to enjoy sunny beaches and all that happy crap, this is the price you must pay. :)

$3.07 national retail average. Down $0.74 in one month.

Anti-gouging!

Neat. I almost wish I had a trip coming up or something so that I could actually get something out of it. As it is, I rarely fill up more than once a month.

Under $70 a barrell. Obviously there is more going on then a supply and demand issue as that's over 50% drop in about 3 months.

Don't worry they're going to stop producing gas real soon, and the price will go back up.

Hey Donger, I'm driving to TN from So. FL around thanks giving. Do you think prices will be back up, or lower around that time?

Hard to say. Demand is very weak in the US: 8.9% down compared to last year. Combined with a probable recession, I don't see why prices wouldn't continue to decrease.

The fundamentals didn't support $147 (or $100 for that matter).

Forecast national retail average: $2.50/gallon @ $60.00/barrel crude. If that happens, some places around the country, namely the Midwest, will see sub-$2.00 gasoline.

This price drop in Oil lately is nice. Since the cost of delivering goods has gone up with the oil prices is it safe to assume these goods will then start falling in price? I hope so. In this economy we need all the extra cash we need to survive.

Boy, they sure haven't come down so far.

**** YEAH!

I need to buy a swimming pool or something to stock it in now :)

2.18 in aurora mo.

Damn. Crude stockpile grew 5.6 million barrels last week, double what was expected. Gasoline stocks grew 7 million barrels, more than double what was expected.

Demand for gasoline alone was down 5.2% over last year at this time.

Keep demand low, folks. It's the best thing you can do to combat prices.

Wow.

Shit, nobody can afford to do anything. Nobody is driving their cars to go do anything.

Thank you
 

airwolf

Never doubt me.

While I believe reducing demand has helped lower the price. The large increase in price over the summer appears to be driven mostly be speculators now. I would think OPEC would love to hang those guys by their testicles. While they had the nice spike for a short time, they have appeared to have triggered a global decrease in demand over the long haul, including mandates on fuel efficient cars and a more urgent development of alternative fuel sources.

2.67 per gallon here in Junction City, Kansas

It's been so long over $3 a gallon I don't remember when it was this low.

The problem is thinking 2.67 is low.

Correct.

2.79 here in Columbus OH.

still 3.20 out here

Sweet! I got one right.

$3.08 in Naperville. Hopefully it'll be under $3.00 by next week. Seems to drop several cents a day every day.

The wife paid 1.19 a litre today :D
3 weeks ago it was $1.56

Crude closed down $4.69 (6.29%) @ $69.85. That's ~$2.85/gallon.

OPEC moved forward its emergency meeting to October 24. Expect them to reduce output by at least 1 million barrels/day.

And crude still dropped.

maybe i should get a donkey and a horse and start breedin mules.

The value of the dollar is really moving up lately. A dollar in Euro's is .74 today. This could be another reason why the price is dropping, our money is worth more now.

Indeed.

I want to see 1.99. Opec can lick my salty satchel

I just saw that in Aurora MO gas is at $2.18 a gal. Makes me sick that here in CoMo it is still $2.79.

2.39 in the Queen City.

The thing is, I think people now realize that even though gas is (relatively) cheap now, all it takes is one disaster, one bombing, or just a new round of unchecked greed and BOOM it'll be $5.00 a gallon. Perhaps, hopefully, the alternative fuel/conservation thing has dug in and will move forward now. I wonder if fear of that happening is one of the driving factors in this massive price drop. Have these vile ****s finally pushed us too far? God, I hope so.

I am trading in my V-8 for a fuel efficient car. I don't want to be held hostage by those vile ****s any longer.

ill sell you a mule.

While my Impala isn't exactly a bastion of fuel efficiency, if I drive sane it's not all that bad. I have an extended warranty and will have it paid off in a couple of years. Hopefully by the time it's time to put it out to pasture I can replace it with a truly functional electric car.

5.2% is a massive drop in demand IMO. As long as we keep lowering demand things will be OK.

A barrel of oil will reach the lows of $50 sometime early next year.

$2.37 tonight in Lee's Summit