Posted on 12/27/2004 12:13:42 PM PST by soccer_linux_mozilla
Crude futures fell by more $2 a barrel on Monday as traders anticipated warmer weather in the U.S. Northeast later in the week and responded to weekend snowstorms in the U.S. Midwest that kept motorists off the road.
Traders brushed off any impact from the massive earthquake off the coast of Indonesia, where the government oil company and Exxon Mobil Corp., which produces and process natural gas there, said operations and exports were continuing as normal after brief power outages.
Light, sweet crude for February delivery plunged $2.78, or 6 percent, to $41.40 a barrel on the New York Mercantile Exchange in afternoon trade.
(Excerpt) Read more at forbes.com ...
Where? Gas here in maine is running anywhere from a low of 172.9 a gallon to a whopping 194.9 a gallon. Our total tax is 50 cents a gallon.
If you can afford an F150, do you really care if you spend another $1.75 up or down on a fill up? Sheesh. I never understood why people get all a-twitter re gas prices.
Why?
"There were posters here who predicted that oil would fall right after the election. These paranoids thought someone might have bid up oil futures for political reasons.
Of course, thats pretty much what has happened. Oil started dropping right about election day."
Although I think politics probably had something to do with the high price of oil, I believe the fed raising rates is more responsible than anything for the recent drop in the price of oil.
It's a 97 with 140,000 miles on it. Looks beautiful but bought used for $7,000. I ain't made outta cash and I don't appreciate being gouged by the oil companies.
I haven't checked today, but probaly 1.60 or so here....we tend to run behind you guys in MO.....you guys have it good for gas.
Why what?
Powder..Patch..Ball FIRE!
Missouri, Jefferson County... Highway 55 Truck stop gas.
That Karl Rove is a real trickster --- he has Bush jack up oil prices right before election then jerks the bottom out right after!
The Democrats should learn from this!
funny...if sKerry was elected, everyone would be attributing the decline to his dynamite energy policy...W is reelected so it's ho-hum. MSM stinks.
Let's see.....the Iraqi ammo dump scam, etc etc etc...all for the benefit of the election of ketchup boy.
Do you doubt that Soros played the oil prices on their way up and down?
Hey, I'm with you, brother.
Wow, that's good, it's 1.95 here.
Not complaining though! Better than it was.
No, I don't.
He probably was pulling stuff off and trying to make a lot of money - although, he did say he would give up his fortune to defeat President Bush.
We've not heard the last of this guy - and we'll probably find out he provided beaucoup funds to the Orange Revolution.
Ever work for an oil company? You are not being gouged by the oil companies. You have the mindset of a typical uninformed democrat who has never run a business.
When I bought my 1st car in 1955 ('31 Model A Ford roadster) regular gas averaged about $.279 per gallon. I paid $1.599 last week for regular unleaded. According to my inflation calculator it would have cost $1.83 in today's dollars in order to match the 1955 price in 1955 dollars.
If not for the much higher gas taxes that are added on now, gas would be much cheaper in today's dollars than it was 50 years ago in 1955 dollars. If the oil companies are gouging us now, they must have been gouging us even worse 50 years ago.
Crude Prices Slump Below $10.00 a Barrel?
Buffetttttt-Sorosssssssss
Go British Pound!
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