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#4846 |
Go Beavers!
Join Date: Jan 2001
Location: Warshington
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Posts: 14,502
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#4847 |
MTFU
Join Date: Apr 2008
Location: The Valley Heat
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just paid 3.19 when I filled up on Tuesday when it was 3.09
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Posts: 7,232
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#4848 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Both oil and gasoline are headed lower. Oil could drop by as much as $10 a barrel and that should be close to the bottom for all your speculators out there. Doesn't mean it's going to rise to $100 anytime soon but at $35 a barrel, it really crimps a lot of producers.
RBOB Gasoline, which hit a recent low of $1.32 when oil hit $45 a barrel on the first leg down shot back up to $1.88 when the refinery workers went on strike. Gas at the pump shot up from around $1.85 a gallon all the way to $2.35-$2.45 in 45 days. Now that the strike is settled and production will ramp back up, gas at the pump will come back down. Since there is so much crude building up at places like Cushing OK and the Bayway Terminals in Port Newark, the refineries are going to be place to help reduce some of the oversupply by producing as much as possible quickly. Look for gas to go back down at least .35-.40 |
Posts: 51,007
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#4849 |
Shaken. Not stirred.
Join Date: Sep 2002
Location: London
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My wife and son have been complaining about the increase. I told them it will drop again by the end of April. They don't believe me.
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Posts: 65,560
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#4850 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Posts: 51,007
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#4851 | |
WhatUneed2Hear
Join Date: Feb 2002
Location: AllSoulsMatter
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Quote:
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Posts: 44,546
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#4852 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Well, it looks like it actually might happen...
Crude down 3.57% right now at $43.70 Gasoline at $2.42 and should fall at least $0.20/gallon over the next month or so. |
Posts: 182,326
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#4853 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
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Posts: 128,413
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#4854 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Nope. Gonna see the "summer blends" start to come online and that will start raising the price as it always does.
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Posts: 128,413
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#4855 |
World's finest morphius
Join Date: Aug 2000
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Posts: 25,987
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#4856 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Quote:
And, sure, the price will increase with driving season coming up. |
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Posts: 182,326
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#4857 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
strike maintenance summer blends oil spill always some excuse.... |
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Posts: 128,413
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#4858 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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I take it you don't think any of those things should affect pricing? If not, they aren't excuses. They are explanations.
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Posts: 182,326
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#4859 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 128,413
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#4860 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 182,326
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