[Coldwater Creek]

The price of oil affects more than just the gasoline tank. I restore old houses and have to use oil based paint a lot of the time. When I went to buy paint last week, I was shocked at the price even though I get a contractor's discount.

[OldFriend]

I paid $2.36 for premium, down from $3.57

Sadly, lots of people panicked and locked in their heating oil prices at or near the high.

Thank the media for the hysterical reaction.

[Peach]

Using the credit card that gives us 5% back and swiping our Kroger discount card which gives us 3 cents off each gallon, we're well below $2/gallon and have been for a week or so.

[Steely Tom]

I got it for $2.17 at a Pilot station in Scranton PA last Saturday night (November 12). The day before it had been $2.19 at the same station.

[LS]

Why is ANYONE surprised that NEW HOME sales are slipping? Katrina drove up builders' costs 20-30%, making the value of an existing home relative to a new house much greater. Nov./Dec. is "death valley" for existing home sales in any year, but watch for a surge in existing home sales after Christmas. That should continue for 6-8 months, until the price effects of Katrina pass through, then new homes should start to pick back up again, especially since those who sold---or want to sell---their homes will have a better market for the next 6-10 months.

[anoldafvet]

I paid $2.01 at Sam's Club in Louisville. It got as high as $3.19 here.

[Fresh Wind]

What about all those experts who said oil was going straight to $100 per barrel? What are they saying now?

[SlowBoat407]

I've heard some of the media geniuses trying to say that it was actually the Congressional hearings with the oil companies that drove the prices down, even though the slide began before the hearings.

[mo]

Ya know ...you'd think one of those Harvard business school geniuses could find a way for the average joe to purchase their year's supply of gasoline, heating oil, natural gas or whatever online ....would increase liquidity in those futures...

[R. Scott]

Gasoline is below $2 a gallon for regular in Hampton Roads.

[.cnI redruM]

Gas is at $2.05 in some parts of Northern VA. It's just a question of how much do you burn to reach the cheaper stations.

[palmer]

Using the quite sensible economic proposition that "no tree grows to the sky," we can assume that the days of double-digit increases in house prices are over. But that does not mean that the housing market is likely to collapse.

Another sensible economic proposition is that when asset prices have been speculated to absurd levels (compare house prices to rents and incomes), they will drop or at the very least pause until fundamentals catch up. If one assumes a 5% rise per year in house prices, they will stay stagnant for about the next 10-12 years. OTOH, if they drop enough, the stagnation period could be shorter.

[Gondring]

General Motors, which some analysts now give only a 50:50 chance of avoiding bankruptcy...

So then what...they get to pay out ridiculously high severance packages?

[hripka]

Milwaukee gas prices at
http://www.milwaukeegasprices.com/

Prices range in Milwaukee range from 2.17 to 2.43. Gas is higher in Wisconsin due to one of the highest gas prices in the nation, and an automatic gas tax increase EVERY April !! Thanks to our Legislature (both houses under GOP control!) for continuing this legal abomination.

Wisconsin gas prices at
http://www.milwaukeegasprices.com/

Not from Wisconsin ? Go to
http://www.GasBuddy.com

[NYjarcola]

$2.29 per gallon here this am in LonG Island, NY.

[LdSentinal]

$2.45 for full service (yeah, I'm lazy).

[Centurion2000]

I traded in my truck when it hit 3.00/gal. Never regretted it and tripled my mileage.

Of course I think I know the next big trend in cars as well. High performance luxury sedan/coupes with something like displacement on demand technology.

The damage to SUV's is done. Time to look to the next automotive trend.

[calljack]

Paid 79 bucks yesterday to fill up my gas guzzlin 15 passenger van.