Oil falls on global demand fears, stronger dollar

AP ^ | 09/03/08 | STEVENSON JACOBS, AP Business Writer

[ryan71]

Oil prices extended their losses Wednesday, a day after plunging nearly $6 a barrel, as oil market traders shifted their attention from tropical weather to a stronger dollar and falling demand for petroleum products

[ryan71]

How much has oil dropped since the Governor Palin pick?

[Slapshot68]

I just want it to go below $100 because T Boone Pickens announced yesterday that it wouldn’t.

[MichaelP]

Boo Hoo Hoo....Poor Goldman Saks, Poor Morgan Stanley, Poor hedgers and other speculascum....

I'm crying a river...

Mike

[j_k_l]

And yet the prices at the pump have not budged.

Kind of interesting that a mere hint of movement upwards and the guy with the stick is out changing the sign at the station.

[frogjerk]

I just want it to go below $100 because T Boone Pickens announced yesterday that it wouldn’t.

I hate those commercials. Like I'm going run my car on wind power...

[scooby321]

Oil futures are 6 weeks in the future. T. Boone said drill too.

[bicyclerepair]

No matter what the price, I am sticking to my conservation. (28mpg PT Cruiser).

[griswold3]

Sorry, I’m hearing all the Obama supporters give him the credit when there’s an improvement.

I heard one say ‘Oil is coming down because Obama’s numbers are going up. The market is recognizing his anti speculation plan and is responding.”

Yeah, riiiiiiight. He wanted higher prices just not such a fast paced rise.
Cheap oil promotes individual prosperity and Obama doesn’t want individuals to prosper.

[varyouga]

Once production resumes in the Gulf, it should go under $100.

The Governor’s speech will probably mention drilling and have them shaking and selling oil futures even harder.

I hope Palin hits it out of the park tonight. Let’s smoke ‘em out.

[pfflier]

I suggest you move. Gas is down 60 cents a gallon in Arizona.

[FatherofFive]

I’m hearing all the Obama supporters give him the credit when there’s an improvement.

See!!?? All we needed to do was inflate our tires! Who knew? Hussein gets MY vote! /s

[Slapshot68]

“And yet the prices at the pump have not budged.”

Where I live, prices have come down 2 cents in 2 days. Lowest price I’ve seen is $3.37.

[Gondring]

How much has oil dropped since the Governor Palin pick?

Some crude (no pun intended) charts...

[Question Liberal Authority]

I remember Bill Clinton saying that oil will never get under $100 a barrel again.

What would be so totally cool is if oil is under $80 a barrel by election day, Iraq is going fine, the stock market is in an upswing, and all the Dems want to talk about is how much they hate working mothers and pregnant teenagers.

[j_k_l]

$3.60 in Nashville and it has not moved in a while.

What was the price of gas when oil was selling at this rate when it was going up?

[Slapshot68]

“$3.60 in Nashville and it has not moved in a while.”

Dude, you need to shop better. Go here and type in Nashville, TN: http://gasprices.mapquest.com/

First ten that came up are all under $3.50

[tatsinfla]

oil has dropped like a rock the last 2 days and gas is still up 10 to 11 cents a gallon in daytona.....i just wish they would buy me dinner and kiss me first...

[Beagle8U]

$3.87 in my area of s. mi.

[Rightly Biased]

good info

[Beagle8U]

$3.87 in my area of s. mi.