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Oil continues to plummet
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Author:  M21 Sniper [ 19 Nov 2008, 22:47 ]
Post subject:  Oil continues to plummet
Oil down to 53 dollars a barrel. Who would have ever thunk it possible...

http://finance.yahoo.com/news/Oil-turns ... 22563.html
Author:  Stinger [ 19 Nov 2008, 22:52 ]
Post subject: 
has nothing to do with ending the moratorium on drilling..... it just HAPPENED to start falling like a rock mere days after the moratorium ended........... :roll:
Author:  M21 Sniper [ 19 Nov 2008, 23:21 ]
Post subject: 
It's been dropping pretty fast for a couple months now. It's the only GOOD news out there at all.
Author:  Racegal8 [ 20 Nov 2008, 04:55 ]
Post subject: 
Yeah lets hope it stays that way. The local gas station that i go to is down to $2.15 for 85 and $2.30 for 87. I couldn't believe when i only spent $37.00 to fill my tank the other day.
Author:  M21 Sniper [ 20 Nov 2008, 06:56 ]
Post subject: 
It's down to 2.00 even where i buy gas. In New Jersey it's in the 1.80ish range. If oil stays steady at 53.00 a barrel for about 3 weeks gas will be down to about 1.75 a gallon probably.
Author:  Neil D [ 20 Nov 2008, 13:27 ]
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I wish I was back in the states, its $1.57 a litre in the UK and a full tank will cost me $70. At least it is better than before I left on holiday in September when it was $1.90 for a litre and $90 for a tank full of unleaded.

Neil
Author:  30mike-mike [ 20 Nov 2008, 13:33 ]
Post subject: 
It's around 1.69 in St Louie. Probably $.10 or so less out in the hinterlands. Hope it stays like this at least through Christmas for all those who need to travel.
Author:  M21 Sniper [ 20 Nov 2008, 23:09 ]
Post subject: 
http://news.yahoo.com/s/nm/20081120/ts_ ... ap5PR2wPIE

Oil now under 50 per bbl.

Amazing.
Author:  Old Chief [ 21 Nov 2008, 12:11 ]
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I find it amazing that before the election, the high price of oil was all the fault of the president. Now that the election is over and the price is under $50/barrel, it's supply and demand. Go figure.

OC
Author:  Racegal8 [ 21 Nov 2008, 15:52 ]
Post subject: 
Yeah, very odd indeed. I am thoroughly enjoying it though. I currently have 1/2 a tank of gas in my car and saw that it was down to $2.02 last night and considered getting it just because lol.
Author:  M21 Sniper [ 21 Nov 2008, 20:03 ]
Post subject: 
Don't be surprised if it hits $35.00 a barrel before it stabilizes.
Author:  kchawg [ 22 Nov 2008, 22:19 ]
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$1.49 here today!
Author:  M21 Sniper [ 23 Nov 2008, 08:37 ]
Post subject: 
kchawg wrote:
$1.49 here today!


WOW!
Author:  30mike-mike [ 25 Nov 2008, 01:30 ]
Post subject: 
$1.45 :mrgreen: [bounce]
Author:  gifted [ 25 Nov 2008, 06:21 ]
Post subject: 
1.48 at the regular stations, Sam's club is probably 1.40 or so.
Author:  M21 Sniper [ 25 Nov 2008, 19:48 ]
Post subject: 
Crude shot up 9% yesterday to about $50.00/bbl, not sure what happened with it today.

EDIT: It's back down another 6% today. :)
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