When has it ever been at 80%?
GASOLINE PUMP COMPONENTS HISTORY
http://www.eia.gov/petroleum/gasdiesel/gaspump_hist.cfm
Posted on 11/30/2014 6:03:03 PM PST by blam
Myles Udland
November 30, 2014
More than 50% lower.
That is how far Canadian billionaire Murray Edwards, chairman of Canadian Natural Resource, thinks oil prices can fall from here.
Speaking with Canadian business publication Financial Post, Edwards said, "Prices could spike down to $30, $40. It got down to $35 in 2008, for a very short period of time."
Edwards told Financial Post's Claudia Cattaneo that, "On a given day you can have market fluctuations where prices fluctuate far more than the underlying economic value of the unit," adding that if oil falls to $30 or $40 a barrel he doesn't expect it would stay that low.
(snip)
(Excerpt) Read more at businessinsider.com ...
Massive deflation followed by massive inflation.
We should definitely see a bounce at the 2007 low of $50.
It would be nice if you could lock in the low prices by purchasing the fuel today.
Possible...??
Commodities do not drag each other down.
All commodities are soft due to the ongoing economic slide in Europe.
.
Silly question: what ticker or symbol can I give to get a good real silver price?
Probably. But definitely at 5.00 pb. I learned my lesson about them daggers.
actually it bodes well for the economy. consumers and businesses will benefit from lower transportation costs.
http://www.investing.com/commodities/silver. Very good site for real-time data.
Also, SLV is a large silver ETF that follows the price of silver.
The price of crude is supposed to be about 80% of the price of a gasoline.
It’s $2.85 here. (last I checked)
As much as I like paying less for gas, be aware, this is all about OPEC, particularly our ‘pals’ the Saudis, driving down the price, in order to put US production, via fracking, out of business. Once this happens, the price will shoot up, like a rocket.
Thanks.
But I had to pump my own gas.
Gas prices fall to $2.50 a gallon.
Fuel surcharges will disappear (but customers may have to complain in some cases
And yes heating oil will be cheaper.
The Iranians and the Venezuelans riot since their governments cannot sustain their spending levels at $40 to $50 a barrel. I am not sure it drops to $30.00 but possible.
$40 to $50 seems more likely.
Yet somehow this will be all President Cruz's fault.
I put a few bucks into SLV two weeks ago. I’ve been in the black a couple of days since.
No matter. It will go back up. When? When the paper money house of cards crumbles under its own weight.
All my physical silver is at a cost basis of about $15. I don’t plan on ever selling it except if I have to buy basic necessities to survive.
When has it ever been at 80%?
GASOLINE PUMP COMPONENTS HISTORY
http://www.eia.gov/petroleum/gasdiesel/gaspump_hist.cfm
You can. It’s called futures. Southwest Airlines has used them to keep costs down.
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