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Facing Glut, Price of Oil Falls Sharply
NYT ^
| 10/13/14
| By CLIFFORD KRAUSS
Posted on 10/13/2014 5:41:15 PM PDT by Oliviaforever
Oil prices sank again on Monday, giving consumers more of a break and causing a split among OPEC leaders about what action should be taken, if any, to halt the slide.
The price drop has led to a near free fall in gasoline prices in the United States. On Monday, the national average price for regular gasoline was $3.20, 9 cents lower than it was a week ago and 14 cents below the price a year ago, according to the AAA motor club.
(Excerpt) Read more at nytimes.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: 2809ingrandhaven; energy; gas; oil; opec; saudiarabia; vladtheimploder
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To: Oliviaforever
$2.81/9 here in Mizzou...
To: Oliviaforever; Eric in the Ozarks
3
posted on
10/13/2014 5:51:44 PM PDT
by
Enterprise
("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
To: Enterprise
The Saudis and OPEC can increase production to lower prices in order to discourage drilling in the US.
To: Oliviaforever
Algore ain’t gonna like this.
5
posted on
10/13/2014 5:57:53 PM PDT
by
Captain7seas
(Beware of "enviromentalist" spewing lies)
To: Oliviaforever
Falls?
I paid .99/gal in 1999 in Rockville MD.
It’s now down to $3.30/gal and we get news articles about a glut.
6
posted on
10/13/2014 6:01:53 PM PDT
by
Vision
(Living in beauty)
To: Oliviaforever
I saw 2.909 here in Aiken County, SC today.
7
posted on
10/13/2014 6:03:01 PM PDT
by
upchuck
(It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care.)
To: upchuck
When I moved here in 2003, the price was 1.319.
Got a ways to go yet.
8
posted on
10/13/2014 6:06:57 PM PDT
by
upchuck
(It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care.)
To: Oliviaforever
It will be $4 a gallon again after the election. What do you bet?
9
posted on
10/13/2014 6:07:08 PM PDT
by
wastoute
(Government cannot redistribute wealth. Government can only redistribute poverty.)
To: Oliviaforever
14 cents over a year is a “freefall”. Not.
10
posted on
10/13/2014 6:16:17 PM PDT
by
glorgau
To: Oliviaforever
Got a hunch Saudi oil facilities are going to be sabotaged.
To: Oliviaforever
In time for the elections.
To: thackney
13
posted on
10/13/2014 6:31:35 PM PDT
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: Oliviaforever
The Saudis and OPEC can increase production to lower prices in order to discourage drilling in the US.We have a winner!
14
posted on
10/13/2014 6:40:59 PM PDT
by
CapnJack
To: Captain7seas
No kidding!
15
posted on
10/13/2014 6:41:17 PM PDT
by
Paul R.
(Leftists desire to control everything; In the end they invariably control nothing worth a damn.)
To: Oliviaforever
The Saudis and OPEC can increase production to lower prices in order to discourage drilling in the US.Fine. Then, in order to spite the frackers, they can sell their natural resources at 75 cents on the dollar.
16
posted on
10/13/2014 6:51:54 PM PDT
by
The_Media_never_lie
(The media must be defeated any way it can be done.)
To: Oliviaforever
When 0bama took office, the price of gas was $1.79/gal.
To: Oliviaforever
Fell below $3.00 here just today for the first time in years. It was $3.15 yesterday, I thought that was cheap and filled up.
To: RegulatorCountry
upcoming election price drop?
19
posted on
10/13/2014 7:24:00 PM PDT
by
roofgoat
To: roofgoat
upcoming election price drop?I think it may last until Russia gets out of Ukraine.
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