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+--- Thread: Look on the bright side, oil prices are falling as well. (/showthread.php?tid=62242)
Look on the bright side, oil prices are falling as well. - voodoopenguin - 09-16-2008
Look for the silver lining, always the optimist.
Re: Look on the bright side, oil prices are falling as well. - mikebw - 09-16-2008
yeah, expect that gas prices aren't really following the trend. Oil is down $5 a barrel since yesterday yet gas is up 19 cents.
Re: Look on the bright side, oil prices are falling as well. - Jimmypoo - 09-16-2008
Gas is over $1 higher here in Atlanta, and at $5.20 in parts of Atlanta, while oil hit $92.
2 weeks ago gas was $3.39.
Re: Look on the bright side, oil prices are falling as well. - WHiiP - 09-16-2008
My station went from 3.74 to 3.98 at the first sign of Ike heading to Texas. It still hasn't come down.
Simply more highway robbery!
oapbox:
Re: Look on the bright side, oil prices are falling as well. - Lux Interior - 09-16-2008
It's simple supply & demand, people!
The oil execs demand record profits and you supply them!
Re: Look on the bright side, oil prices are falling as well. - mikeylikesit - 09-16-2008
[quote Jimmypoo]Gas is over $1 higher here in Atlanta, and at $5.20 in parts of Atlanta, while oil hit $92.
2 weeks ago gas was $3.39.
That's price gouging. A few gas station operators were sentenced for it here after the Northridge quake of '94. Price gouging is illegal in California during a civil emergency - the rest of the time it's OK.
How else to explain 7 - 11 stores.
Re: Look on the bright side, oil prices are falling as well. - incognegro - 09-16-2008
one station i pass has diesel at 3.91/gal, premimum gas at 3.83/gal.
regular 87 octane gas is hovering around 3.60/gal.
Re: Look on the bright side, oil prices are falling as well. - rgG - 09-16-2008
This should help:
ASHEVILLE – The Colonial Pipeline, the major gasoline artery for the East Coast, is back up and running, albeit at a reduced rate, according to AAA Carolinas Spokeswoman Carol Gifford.
http://www.citizen-times.com/apps/pbcs.dll/article?AID=/20080915/NEWS01/80914040
Re: Look on the bright side, oil prices are falling as well. - OWC Jamie - 09-16-2008
Regular was $3.49 Sunday. (Massachusetts)
It was $3.40 a week ago and $3.43 last Wednesday. $3.46 Saturday night.
Statiions (owners ? -was on the local news) here were talking about going to limit to 10 gallons per purchase, but that never happened. (yet)
Re: Look on the bright side, oil prices are falling as well. - maco - 09-16-2008
the recent run-up in oil prices had nothing to do with supply and demand. They were caused by huge amounts of institutional $$'s pouring into the futures market. Lehman Brothers was one of the big players.