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-   -   Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab (https://chiefsplanet.com/BB/showthread.php?t=161736)

BigCatDaddy 10-16-2008 10:06 AM
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.

beach tribe 10-16-2008 10:22 AM
Quote:
Originally Posted by BigCatDaddy (Post 5121361)
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.

beach tribe 10-16-2008 10:24 AM
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?

Donger 10-16-2008 10:36 AM
Quote:
Originally Posted by beach tribe (Post 5121424)
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.

Donger 10-16-2008 10:37 AM
Quote:
Originally Posted by BigCatDaddy (Post 5121361)
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.
The fundamentals didn't support $147 (or $100 for that matter).

Donger 10-16-2008 10:46 AM
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.

chasedude 10-16-2008 11:33 AM
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.

Frosty 10-16-2008 11:37 AM
Quote:
Originally Posted by chasedude (Post 5121712)
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.

jiveturkey 10-16-2008 11:56 AM
Quote:
Originally Posted by Donger (Post 5121497)
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.
**** YEAH!

BigCatDaddy 10-16-2008 12:23 PM
Quote:
Originally Posted by jiveturkey (Post 5121812)
**** YEAH!
I need to buy a swimming pool or something to stock it in now :)

MOhillbilly 10-16-2008 12:25 PM
2.18 in aurora mo.

Donger 10-16-2008 12:29 PM
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.

Bowser 10-16-2008 12:30 PM
Quote:
Originally Posted by MOhillbilly (Post 5121934)
2.18 in aurora mo.
Wow.

Bowser 10-16-2008 12:30 PM
Quote:
Originally Posted by Donger (Post 5121952)
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.
Shit, nobody can afford to do anything. Nobody is driving their cars to go do anything.

Demonpenz 10-16-2008 12:41 PM
Thank you
 
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