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#706 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Crude passing $74/barrel (Brent). WTI is $65. Gasoline at $2.84
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Posts: 182,639
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#707 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Gasoline here in Scottsdale shot up from around $2.49 - $3.09 in less than 4-5 weeks.
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Posts: 51,073
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#708 |
Supporter
Join Date: Dec 2005
Location: Highlandville, MO
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I'm really surprised at the recent surge in our prices. The United States produces more oil than anyone and they aren't cutting production with the crooked OPEC countries. I still don't think that it's sustainable. Prices can't continue to increase or even maintain these levels for long.
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Posts: 12,642
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#709 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Quote:
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Posts: 182,639
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#710 |
synthesis2
Join Date: Mar 2005
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Funny reading this thread now !
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Posts: 576
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#711 |
SuperBowl or bust
Join Date: Dec 2008
Location: BF Iowa
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I paid 1.04/ gallon yesterday. I had to do a double take before hanging up the handle.
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Posts: 47,195
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#712 |
Shaken. Not stirred.
Join Date: Sep 2002
Location: London
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Still $1.73 here
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Posts: 65,565
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#713 |
Replaced by a future HOFer !!
Join Date: Apr 2002
Location: donkey land
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Posts: 27,033
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#714 |
Replaced by a future HOFer !!
Join Date: Apr 2002
Location: donkey land
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And with the glut of oil now on the market it only goes down further.
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Posts: 27,033
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#715 |
Fifty eight sixty two...
Join Date: Jul 2005
Location: Felton, DE
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Just heard a report that says oil prices are now ~$30/barrel BELOW ZERO. Am I hallucinating? And if not, how is that number even possible?
EDIT: Also, I filled up at $1.81 the other day and was pretty happy about it. Now I think I ****ed up and jumped too soon! |
Posts: 9,450
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#716 |
...
Join Date: May 2002
Location: Kansas City, MO
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As I understand, it's cheaper for oil companies to absorb the cost than it is to shut down stuff unless they think it will be shut down a long time.
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Posts: 28,130
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#717 |
Fifty eight sixty two...
Join Date: Jul 2005
Location: Felton, DE
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Interesting, thanks. I thought maybe it was due to speculation or something, and the Russians and Saudis squirting oil bukkake at one another like it was a porn shoot.
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Posts: 9,450
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#718 |
MVP
Join Date: Oct 2010
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Whenwould be a good time to buy oil stocks?
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Posts: 17,096
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#719 |
I'll be back.
Join Date: Nov 2002
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$1.40 gas today in KC
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Posts: 279,970
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#720 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Go **** yourself, Donger.
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Posts: 182,639
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