Oil 64.51 a barrel, OPECs cut back did nothing.
Oct 24, 2008 | 12:52 PM
#1
Oil 64.51 a barrel, OPECs cut back did nothing.
OPEC is shaking in their sandels.
after the meeting they cut back production and the price of oil still droped
another 5%.
they want it back up around 80 to 90 a barrel to make their nations live a little better then the rest.
if they want to take it off the stock market and turn in to a business product at a set sale price, i say go for it, but be ready to be under sold by your neighbors and be forced to lower your prices any way to compeat.
gas in my area is 2.59 and still has not cought up with the price of 77.70 a barrel, now that it is around 64.51 a barrel its gona drop at the pump even more.
who thinks we will see gas at a 1.50 before christmass.
after the meeting they cut back production and the price of oil still droped
another 5%.
they want it back up around 80 to 90 a barrel to make their nations live a little better then the rest.
if they want to take it off the stock market and turn in to a business product at a set sale price, i say go for it, but be ready to be under sold by your neighbors and be forced to lower your prices any way to compeat.
gas in my area is 2.59 and still has not cought up with the price of 77.70 a barrel, now that it is around 64.51 a barrel its gona drop at the pump even more.
who thinks we will see gas at a 1.50 before christmass.
Oct 24, 2008 | 03:10 PM
#3
Entirely possible. Around my house I've seen several stations in the $2.2x range for 87 this week, which is close to what it should have been w/ $7x.xx a barrel crude(est.) I'd def. think that sub $2.00/gallon gas is a seeable future.
Oct 24, 2008 | 06:09 PM
#5
Pappy, I posted this the other day...
Yes, it does indeed look like gas prices are going to come down, I will not hold my breat it's only $3.65 here for premium but that's way better than the $5 it was.
Is down to $3.67 here at 76 for premium...I haven't looked around much since I've been on the bike for the last month but the news this morning was reporting that the price of a gallon of gas WILL be in the $1.65 range in less than 3 months.
I'm not holding my breath but that'd be pretty cool.
I'm not holding my breath but that'd be pretty cool.
