10-03-2008, 11:03 AM
10-03-2008, 11:53 AM
And yet the price of gasoline is not lowered nowhere near the rate that oil drops.
10-03-2008, 04:35 PM
the_blazerman Wrote:And yet the price of gasoline is not lowered nowhere near the rate that oil drops.
The rates in the southeast are messed up due to the hurricanes, but the prices have dropped $.20 in the last 3 days.
10-03-2008, 06:45 PM
Prices have dropped here during the week, but are still in the high $3.40's to low $3.50's. It's still insane. Our monthly budget for gas is now more than my previous home's mortgage payment.
10-05-2008, 01:25 PM
If the price of "light sweet crude" oil continues to drop, where will the financial "push" come from for expensive new drilling? What about the more plentiful "oil shale" and "oil sands" that are more expensive to process? Much of the domestic drilling or mining requires high oil prices to pay off, according to what the oil industry has publicized.
10-06-2008, 01:24 PM
I don't see the price of oil dropping much lower than the current price since OPEC stated that it would cut production to offset a decrease in demand.
OPEC cuts production to keep oil at $100 a barrel.
edition.cnn.com.oil.prices.ap/index.html
Half of the gas stations in the Gadsden area have been out of gas this past week on various days and others are operating on a limited supply...This is nuts.
OPEC cuts production to keep oil at $100 a barrel.
edition.cnn.com.oil.prices.ap/index.html
Half of the gas stations in the Gadsden area have been out of gas this past week on various days and others are operating on a limited supply...This is nuts.
10-06-2008, 05:19 PM
oil prices and production have ZERO to do with short term prices and availability in the southeast right now