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Old 04-23-2007, 08:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 01:43 PM..
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Old 12-17-2008, 11:14 AM   #1561
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Old 12-17-2008, 03:51 PM   #1562
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Crude closed down $3.54 (8.12%) @ $40.06

Sorry OPEC...
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
 
Old 12-17-2008, 04:23 PM   #1563
BigMeatballDave BigMeatballDave is online now
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Quote:
Originally Posted by Donger View Post
Crude closed down $3.54 (8.12%) @ $40.06

Sorry OPEC...
They can't stop it!
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Old 12-17-2008, 04:25 PM   #1564
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Quote:
Originally Posted by Donger View Post
Crude closed down $3.54 (8.12%) @ $40.06

Sorry OPEC...
Why did my gas go up today then?
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Old 12-17-2008, 04:30 PM   #1565
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Quote:
Originally Posted by BWillie007 View Post
Why did my gas go up today then?
Retail prices always lag behind crude prices. And, gasoline has gone up a penny over the last week.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
 
Old 12-17-2008, 04:31 PM   #1566
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Im loving this gas right now I hope it doesnt get to crazy again
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Old 12-17-2008, 04:33 PM   #1567
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Old 12-17-2008, 04:56 PM   #1568
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Quote:
Originally Posted by Donger View Post
Crude closed down $3.54 (8.12%) @ $40.06

Sorry OPEC...
Is it just me, or has the sound of Iranian saber rattling quieted down a notch or two?
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Old 12-17-2008, 06:32 PM   #1569
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Quote:
Originally Posted by Donger View Post
Retail prices always lag behind crude prices. And, gasoline has gone up a penny over the last week.
Surely you're talking avg.retail price? 'cause here it went up 12 cents a couple of days ago...and I attributed it to the usual holiday gouging tactic.

"In other Nymex trading, gasoline futures fell 3.45 cents to settle at $1.0055 a gallon", I guess this is for January futures, but soon will be February's?

Last edited by PHOG; 12-17-2008 at 06:40 PM..
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Old 12-17-2008, 09:18 PM   #1570
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Quote:
Originally Posted by Donger View Post
Retail prices always lag behind crude prices. And, gasoline has gone up a penny over the last week.
It wasn't a small increase here. Went up by 10% from 1.599 to 1.759.
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Old 12-18-2008, 02:08 AM   #1571
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ORAN, Algeria - OPEC on Wednesday agreed to slash 2.2 million barrels from its daily production — its single largest cut ever — while bloc outsiders Russia and Azerbaijan announced their own cutbacks of hundreds of thousands of barrels from the market.

"I hope we surprised you," OPEC President Chekib Khelil said when asked whether the size of the cut would shock moribund oil markets into an upward trend. "If you're not surprised we need to so something about it."

And yet markets weren't impressed.
Story continues below ↓advertisement | your ad here

Crude oil sank to $40.20 after the announcement, a level not seen since the summer of 2004 and a clear sign investors are more worried that the world is heading for a long and painful recession in which energy use will continue to erode.

In just five months, crude has given up all of the price gains made over the past four years.

Making matters worse for OPEC, Moscow distanced itself from direct ties with the 13-nation producers' group, further dampening OPEC hopes of coordinated production cuts that might put a floor under crude prices.

OPEC said oil ministers of the 11 nations under the group's quota system agreed to take 4.2 million barrels a day off the market, but that includes two previous announced cuts that totaled 2 million barrels.

That leaves the new output reduction announced Wednesday at 2.2 million barrels, effective Jan. 1.

http://www.msnbc.msn.com/id/28274997/
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Old 12-18-2008, 09:08 AM   #1572
Donger Donger is offline
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Crude trading below $40 right now ($38.99)
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Old 12-18-2008, 09:09 AM   #1573
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Quote:
Originally Posted by PHOG View Post
Surely you're talking avg.retail price? 'cause here it went up 12 cents a couple of days ago...and I attributed it to the usual holiday gouging tactic.

"In other Nymex trading, gasoline futures fell 3.45 cents to settle at $1.0055 a gallon", I guess this is for January futures, but soon will be February's?
Yes. Local prices are irrelevant.
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
 
Old 12-18-2008, 09:10 AM   #1574
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Quote:
Originally Posted by Donger View Post
Crude trading below $40 right now ($38.99)
Heh. Suck it, OPEC.
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Old 12-18-2008, 03:06 PM   #1575
Donger Donger is offline
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Heh. Suck it, OPEC.
Closed down $3.84 (9.59%) @ $36.22

Happy?
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Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
 
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