And FWIW, I'm inclined to agree with the headline.
Posted on 08/30/2006 5:48:35 PM PDT by kellynla
http://www.usatoday.com/money/industries/energy/2006-08-29-gas-price-usat_x.htm
(Excerpt) Read more at usatoday.com ...
I guess we bedder keep our fingers, toes and especially our legs crossed, right? (grin)
Dog Gone, you don't need no workin link! You already know alla this stuff ta start with, right?
I just absolutely LOVE the way you think!!! Ha Ha Ha!!!
Wull heck, Dale! They're just practicin!!!
I think it's high, but another FReeper called it black market pricing.
Says here oil's on the way back up.
http://www.freerepublic.com/focus/f-news/1692937/posts
Could the prices be coming down before the election to help Republicans??? I mean, why now???? It's suspect.
You asked -- "$2.54? where are you?"
Well, it was $2.59 in Dallas a few days ago, and I understand it's down even lower now. In Tulsa, it's now $2.55 -- and it's been changing prices twice a day for the last three days here, dropping like a rock. About 50 or so miles from here, it's $2.35.
I'm headed over to Memphis in a couple of days and I saw a price listed on the north side of town of $2.35.
So, prices are dropping all over the place.
Regards,
Star Traveler
Probably because Gulf oil refineries are running back at pre-Katrina capacity, Ernesto steered clear of the Gulf, the the margins for oil companies have been falling in recent weeks, crude oil futures prices have been trending downward all summer, and the summer driving season is gearing down, as we head into the long Labor Day weekend.
And another article I read said that BP had restored it's Prudhoe Bay field in Alaska to about 200,000 barrels a day, or half of what it normally operates.
I just wish I hadn't just filled up (34 gallons) at $2.87 the other day.
In that case, it will probably be something bigger and more expensive like five or ten of those new airbus planes which flies into the next group of buildings...
You must know how to make a SMALL FORTUNE trading futures... Start with a large forture :)
There are a lot of factors to be taken, but by 2020 I doubt that the United States will have a gun held to its head anymore in regards to oil.
I could'nt agree with you more here. So many alternatives are in process. Everyday some amazing new technology breakthrough. This latest round of high prices, when viewed 10 years from now, is going to be seen as the start of the end. Countries like Iran and OPEC (although feelinf happy at the moment), have really screwed the pooch long term.
"That's my long term plan (including a single rear axle, used grain truck to haul it (and maybe a second tank) to the station). Alternately, install more fuel tanks on the grain truck's ample frame. ;-)"
Good idea!
And FWIW, I'm inclined to agree with the headline.
Inventory looks good, demand is dropping, and some of the speculative bubble is popping.
No hurricane in the Gulf yet this year, nothing looking menacing between here and Africa, and all the fundamentals are in place for a continued slide in prices.
Suits me!
If bush/rove have that power, I nominate them for king/regent.
Shalom.
I have been told that 1/3 of the U.S. gasoline reserve is actually in gas tanks of people who fill-er-up every time. If those who don't drive or commute long distances would buy 5 gallons at a time for a week we should have a huge glut within 7 days.
Shalom.
That's always been SOP. In any given town the gas is at least $.10 cheaper a mile from the interstate than it is at the exits.
Shalom.
Idling half a day sucks it up, and the only place I could get gasoline was out of our valley.
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