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Wow Did Oil Prices Sink Today  
User currently offlineL-188 From United States of America, joined Jul 1999, 29795 posts, RR: 58
Posted (11 years 5 months 2 weeks 5 days 22 hours ago) and read 1081 times:

Alaska North Slope crude fell by $3.66 today in the spot market. Other crude grades also experienced a similar fall.

Other oil grades experience similar falls in major markets.


See what happens when you get rid of the uncertainty, That is what caused the speculation that increased the prices earlier.


OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
10 replies: All unread, jump to last
 
User currently offlineMxCtrlr From United States of America, joined Nov 2001, 2485 posts, RR: 35
Reply 1, posted (11 years 5 months 2 weeks 5 days 21 hours ago) and read 1074 times:

Maybe so, but I notice the oil companies aren't racing to drop prices at the pump real quickly! (In fact, in my area, they just went UP again! Figure THAT!  Angry)

MxCtrlr  Smile/happy/getting dizzy
Freight Dogs Anonymous - O.O.T.S.K.  Smokin cool



DAMN! This SUCKS! I just had to go to the next higher age bracket in my profile! :-(
User currently offlineL-188 From United States of America, joined Jul 1999, 29795 posts, RR: 58
Reply 2, posted (11 years 5 months 2 weeks 5 days 21 hours ago) and read 1050 times:

Just want to add that drop in the Alaska price is about 9%.


It was just about unheard of.

MxCtrlr, I do think they are a little slow on the stick to lower prices. But I wouldn't expect it tommorrow.



OBAMA-WORST PRESIDENT EVER....Even SKOORB would be better.
User currently offlineIlyushin96M From United States of America, joined Sep 1999, 2609 posts, RR: 12
Reply 3, posted (11 years 5 months 2 weeks 5 days 21 hours ago) and read 1045 times:

Great. So tell me, when does the price-gauging stop? It's simply unpatriotic.

User currently offlineN79969 From , joined Dec 1969, posts, RR:
Reply 4, posted (11 years 5 months 2 weeks 5 days 21 hours ago) and read 1033 times:

I do not believe that this war is being fought for oil. However, if you want to discuss how crooked oil companies are, I am all ears. The production, distribution, and sale of gasoline is pretty much a racket in my opinion.

User currently offlineDc10guy From United States of America, joined Feb 2000, 2685 posts, RR: 6
Reply 5, posted (11 years 5 months 2 weeks 5 days 21 hours ago) and read 1015 times:

Well gas in PHX is still 2 bucks a gallon .....


Next time try the old "dirty Sanchez" She'll love it !!!
User currently offlineDesertJets From United States of America, joined Feb 2000, 7776 posts, RR: 16
Reply 6, posted (11 years 5 months 2 weeks 5 days 19 hours ago) and read 989 times:

It takes more than a day for oil to go from the well head to the gas pump. Plus the distributors are, for the most part, seperate companies from the major oil companies.

The DJIA and NASDAQ soared on Monday as well. Seems kinda odd, but with war being a certainty it must have been enough to kick start the market. Or they could just be F@cking with us.



Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
User currently offlineSTT757 From United States of America, joined Mar 2000, 16862 posts, RR: 51
Reply 7, posted (11 years 5 months 2 weeks 5 days 19 hours ago) and read 986 times:

In '98-'99 the Wawa gas station near me dropped to .70 Cents a gallon for about two weeks.

It stayed at .89 Cents a gallon for a few months.




Eastern Air lines flt # 701, EWR-MCO Boeing 757
User currently offlineArrow From Canada, joined Jun 2002, 2676 posts, RR: 2
Reply 8, posted (11 years 5 months 2 weeks 5 days 19 hours ago) and read 981 times:
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Iraq has the second largest proved oil reserves after Saudi Arabia. Prices are going down because there's an anticipation that, before too long, Iraqi production will be back to where it was before the first war -- and that will have a very depressing effect on prices. Watch for prices to go back into the $25 range -- maybe lower.

It takes a very long time for a barrel of crude oil bought today to make it through a refinery and into a gas station's tanks. Market prices for gasoline won't respond to the daily fluctuations of crude oil.

Americans have the cheapest gasoline in the world, and Canadians are a close second. It's cheaper now, in real dollars, than it was in the 50s. North Americans are spoiled rotten on energy prices -- and that's why our energy consumption is the absolute worst in the world per capita.

Most of the price escalations in the last decade have come from taxes -- especially in Canada.

If there is ever to be any hope of reducing the per capita consumption in North America, the price needs to go much higher -- so high that no one can afford to run a gas guzzler any more. Then sanity will prevail.

Until then -- be grateful you still have cheap gas, and try not to waste it.



Never let the facts get in the way of a good story.
User currently offlineJetService From United States of America, joined Feb 2000, 4798 posts, RR: 11
Reply 9, posted (11 years 5 months 2 weeks 5 days 18 hours ago) and read 971 times:

I95M, price-gouging is illegal. If you know of a station doing it, report them!!!


"Shaddap you!"
User currently offlineDash8King From Canada, joined Nov 2001, 2742 posts, RR: 11
Reply 10, posted (11 years 5 months 2 weeks 5 days 8 hours ago) and read 936 times:

Here in YZF we are paying 98cents a liter for regular and I am not sure about premium.

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