You'd make a fine attorney.

Crude down 1.29 @ 86.53

Read an article predicting the drop to continue to 75 per barrel leveling off there.

I say keep dropping! :clap:

Don't let Donger hear you say that.

http://roarvis.files.wordpress.com/2010/02/cody.jpg

If I had a dollar for every time I've been told that...

I would imagine that OPEC would reduce output right around that number. Perhaps before.

Big drop... so far today. Down $3.57 or 4%.

So do we know why?

It's got to be Europe. They've been dragging down the entire planet for a while and it's getting worse each week over there.

Seems ironic that we get happy over low oil prices but they may be an indicator of much worse economic turmoil...

There are other indicators. This ones more of a silver lining.

brb

Bad job figures here.

China weak.

Just generally bad global economic news.

I have a job.

**** China.

This is great news.

Despite of my best efforts, crude closed down $3.30 at $83.23. This is the lowest settlement since last October.

Crude is down almost 21% over the last five weeks.

4321

It could be worse. It could be $5! Better not say that!

LMAO

Indeed, that would be disastrous.

Was happy to see gas went up $0.15 overnight.

Gas was 3.29 in Florida when I left there a week ago.

I saw gas in south Georgia as low as 3.06.

I get back to Ohio and its 3.79. ****.

5% raise overnight, ridiculous. Only 8 cents here, and I bought it before the price went up thankfully.

Must have been a whole shitload of people fill up their cars in China last night.

No it didn't.

Yeah it did. In KC, anyway.

Yes it did.

When I filled up the Camry yesterday it was 3.24. When I filled the jeep this morning it was 3.39. Same gas station.

No, it didn't:

Kansas City

Today 3.386
Yesterday 3.309

You are such a tool. Look up the prices for the zip code 64063.

I don't care about individual gas station pricing.

There's nothing "individual" about it. Different stations near where I live all went up around .15 overnight.

Then that's what should have been said. It wasn't all of KC, just specific parts of KC.

Don't want to jinx myself but it is still $3.19 in CoMo!

Nothing individual about it.

Another $0.10 higher since yesterday morning. YAY!

Is gas headed below $3 a gallon?
 

By Kim Peterson 21 hours ago
After a mini-crisis at the pump earlier this year, gasoline prices are dropping quickly. The national average for a gallon of regular is $3.47, down from $3.53 a week ago and $3.68 a month ago.

To top it off -- pun fully intended -- oil (-CL) fell to $77.96 a barrel Thursday. Even with the summer driving season on the way, do we dare imagine that gas could drop below $3 a gallon?

Yes, say two experts interviewed by CNBC. But keep in mind that oil is probably already near its low for the summer. "I think we've reached pretty much the objective that anyone could have foreseen here," said Jeffrey Grossman, the president of BRG Brokerage. "I think we're going to see a market that will probably work its way . . . higher."

But even though oil may bottom out, gas prices could head further south. "I think we'll see a lot of states with sub-$3-a-gallon gasoline in the next few weeks," said Tom Kloza, a co-founder of the Oil Price Information Service.

With two heated presidential campaigns under way, political observers will be watching gas prices headed into November. But the fourth quarter generally brings lower gasoline prices -- a relief for President Barack Obama.

"People will put together all sorts of conspiracy theories to that," Kloza said. "But it has to do with how much easier it is to make that fuel once we get out of the summer."

http://money.msn.com/investing/lates...ocid=ansmony11

Sounds like everyone here is seeing it go up. Has gone up .18 here in the last week. I bought it just in time.

We will NEVER see gas below $3 a gallon again. Speculators will never let it fall that far.

The pattern I've noticed is that it seems to be around $3.85 when I'm out of gas, drops about $0.25 when I have half a tank, and goes back up to $3.85 when I'm out again. :grr:

I saw $3.15.9 here today. Getting there

Do you mean as the national average?

If the economy goes deep enough in the shitter it could. At the height of the recession it got down around $2.00 a gallon in Suburban Chicago.

Yes, both to the national average and the price of the pumps around here.

It was 2.97 today.

Filled my tank with mid-grade at $3.36 here in Orlando a couple days ago. I want to say the lowest octane was $3.19. Not too shabby these days.

They can ALL die in a fire.

Okay, just wondering because it has dropped below 3 in some places.

Damn, gas in Chicago must suck all around.

When that happened in Ohio, I saw prices drop to just under 1.30.

heh, i said this same thing probably in this thread around Sept of 2008 when it was around $4.00. 3 or 4 months later around the Holidays, i remember getting it for around $1.30 or $1.40 a gallon.

I'm hoping to eat crow on this one, I really am. Yet I'm skeptical that OPEC will cut production and we'll never see below that $3 mark again.

I'd be surprised if they don't cut production soon.

I doubt crude falls below $70.

It's all relative, I guess. We're so used to getting raped up here that $2.00 felt like they were giving it away. Filing up your car for under $40 in Chicago is like ****ing the prom queen. :D

Crude stabilizing around the $78 mark. Gasoline at $3.42, down from $3.66 one month ago.

It's weird. Gas in St. Louis was 3.08/gal last night, while gas in KC was around 3.35/gal.

St. Louis is ALWAYS more expensive with gas. Freaking mass hysteria going on here.

Obviously not.

Well, yeah.


Jackass. Heh.

Could have fooled me... Gas prices rose 27 cents today.

You best be talking national average or Donger will rape you for that comment :) .

Just noticed diesel is lower than I've seen it for awhile - around here it's running about the same as regular unleaded - 3.23-3.29

Crude up significantly today, now at $82.26 (+5.88%).

Well, it was nice while it lasted.

I'll expect a 20-cent spike tomorrow.

FYP

$3.39 here

Man, and I saw $3.07 this morning. Too bad I filled up yesterday.

I don't gain financially from high crude prices.

Obama's enegery czar has been on record saying that we need gas prices in the US to model that of Europe

or he could give manufacturers incentives to produce quality, affordable cars that didn't use gasoline.

...we're all screwed either way though

I'm not sure I understand you. What would you have these vehicles run on?

I was saying that with regard to oil.
to try to eventually not need it for transportation.

but, it's impossible. but I know it's needed for a ton of other stuff too.

we're hosed.

Nobody believes you, Illuminati scum.

Had Henry Ford had his way they would all be running on hemp oil today.

Don't make me angry.

I don't believe that is accurate.

Crude now at $83.92 (or +8.02%)

Aren't you the dude that claimed $4 was "alarmist" :D

Biomass, it's doable. It just happens that hemp is among the very best of Biomass energy candidates.

Alarmist but possible, I believe is what I wrote in 2007.

I'm aware it's doable. That isn't what the poster claimed, however.

Certainly, it is hard to imagine a world fueled by biomass, primarily. Science would support such a claim. The rest is, well, one man's speculation compared to another man's. I do want to point out Biomass is a renewable energy.

There are many possible ways to power our vehicles, but none are energy and/or fiscally-efficient as petroleum.

probably a dumb question for the masses, although serious.
do you think government/oil companies (or whoever), would / or has squashed any legitmiate ideas to wean off of crude?

No.

Obama himself said that before he was elected. Said the same about energy companies too. surprise surprise both have increased significantly since he took office. I know I know. Bushes fault.

I lived in phoenix from 1992 to 2000 and talked with a few people that owned the EV1 and they said it got 60-80 miles on a charge. The two people I talked with about it that had them said they absolutly loved them and wished they could own them.

What strikes me is that this. Technology back in 1992 was very limited, people were buying 386 and 486 computers, cell phones were pretty much huge brick phone or bag phones and CD's were just becoming popular.

You can't tell me that they don't have the technology today to have batteries that will go 400 miles plus per charge easily.

Battery technology has only grown 30% better in the last 20 years, no possible way

Henry Ford told a New York Times reporter that ethyl alcohol was "the fuel of the future" in 1925, he was expressing an opinion that was widely shared in the automotive industry. "The fuel of the future is going to come from fruit like that sumach out by the road, or from apples, weeds, sawdust -- almost anything," he said. "There is fuel in every bit of vegetable matter that can be fermented. There's enough alcohol in one year's yield of an acre of potatoes to drive the machinery necessary to cultivate the fields for a hundred years."

OK-this one isn't hemp-derived, but it certainly is not a thumbs-up for petroleum.