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Discussion Starter · #1 ·
So I was driving to a clients site today and gas was 3.83. I get home and see 4.15

whats the latest excuse. The last I heard the value of the dollar was going up. However that was I think monday so im not sure whats going on today.
 

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I gave up listening to the BS reasons and speculation.

But I still cant get past it when I fill up and see the $$$$. Boils my blood every time
 

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Speedwake said:
I predict $6.00 gallon by the end of summer.

That is a bit high. MAYBE $5.00 "if" a hurricane even "looks" like it "might" head towards the Gulf. Those clowns will "speculate" the crap out crude then.
 

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I heard a strange long range prediction on CNN. Fuel prices expected to stay in the $4 range through 2009. Then, oil expected to drop below $100 a barrel before it spikes again in 2015. Now how the hell can they predict that far in advance??

The sad thing is if it ever did drop below $100 a barrel, all the efforts for alternative energy and more fuel conserving cars (hybrids, etc) will fall below the waist-side. People will start living it up again with SUV's. I hate to say it but these fuel prices are necessary to get us heading in the right direction as a nation. Fuel will always be here. We need to realize that the mass transportation areas such as commuting vehicles must become more economical. I love the drive 5mph slower campaign. That makes real sense. Also, natural gas and coal are crucial to heating our homes. That alone will cut our usage down as a nation. Who ever heard of heating oil as a great way to heat a home? Is that stupid or what. If we can come together, start drilling hear, expand our natural gas/coal, skip the ethanol scam, go nuclear power, we would be way ahead of the game in as little as 10 years. I just hope it happens....
 

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axkiker said:
So I was driving to a clients site today and gas was 3.83. I get home and see 4.15

whats the latest excuse. The last I heard the value of the dollar was going up. However that was I think monday so im not sure whats going on today.
Crude oil is drifting lower but gasoline is going up because of the floods in the mid west! Corn prices are going up because of the flooding of farmland which will cause ethanol prices to rise causing gasoline to go up.

You asked why, there, I told you! :confused1
 

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I'm still of the opinion we are about to see a significant drop in prices.
 

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axkiker said:

whats the latest excuse. The last I heard the value of the dollar was going up. However that was I think monday so im not sure whats going on today.


It's always some stupid excuse that has some ties to local chaos of some kind and it is different for every reporter because they all live in different areas.

Blatant stupidity!!!!!!!!!!!!!!!!! to me anyway



This is a global issue.............not local :confused: :confused: :confused: :confused: :confused:
 

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OK, here's the early morning news that will lead to the drop in crude prices I have been looking for! :blush:

Just posted parts of the long story, there is a link at the end if you want to read it all!


SINGAPORE (Reuters) - Oil fell more than a dollar to below $134 on Monday as Saudi Arabia prepared to push production to its highest rate in decades, moving to soothe the market ahead of this weekend's crisis meeting over record prices.

The contract dropped nearly $2 on Friday, when an industry newsletter reported that Saudi was poised for a big output boost.

Oil traders said the news could spur heavier selling during more liquid European trading hours, but losses may be checked by fears that many refiners -- particularly in Asia -- will balk at buying more of the kingdom's heavier, hard-to-process crude.

Saudi King Abdullah "sees that oil prices are currently abnormally high and he is willing to do all that is possible to bring prices to their appropriate levels," state news agency SPA quoted Ban as saying after meeting the Saudi monarch.

Here's the link;

http://news.yahoo.com/s/nm/markets_oil_dc;_ylt=AmCaGpyi9ujLnL5w24h7CnCAsnsA
 

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Discussion Starter · #15 ·
ghart said:
OK, here's the early morning news that will lead to the drop in crude prices I have been looking for! :blush:

Just posted parts of the long story, there is a link at the end if you want to read it all!


SINGAPORE (Reuters) - Oil fell more than a dollar to below $134 on Monday as Saudi Arabia prepared to push production to its highest rate in decades, moving to soothe the market ahead of this weekend's crisis meeting over record prices.

The contract dropped nearly $2 on Friday, when an industry newsletter reported that Saudi was poised for a big output boost.

Oil traders said the news could spur heavier selling during more liquid European trading hours, but losses may be checked by fears that many refiners -- particularly in Asia -- will balk at buying more of the kingdom's heavier, hard-to-process crude.

Saudi King Abdullah "sees that oil prices are currently abnormally high and he is willing to do all that is possible to bring prices to their appropriate levels," state news agency SPA quoted Ban as saying after meeting the Saudi monarch.

Here's the link;

http://news.yahoo.com/s/nm/markets_oil_dc;_ylt=AmCaGpyi9ujLnL5w24h7CnCAsnsA
out of curiosity how much do you think they will drop??? Sure would be nice to fill up the old tank for under $300 :dead: :dead: :dead: :angry1: :alien:
 

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axkiker said:
out of curiosity how much do you think they will drop??? Sure would be nice to fill up the old tank for under $300 :dead: :dead: :dead: :angry1: :alien:
If I could predict that with accuracy I would be the richest man on earth! :p:
 

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There is a bunch of inventory out there priced at higher numbers. While crude oil should fall nicely, gasoline and diesel will creep down! :confused1
 

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it's been my impression that the going rate for crude does not show up at the pump for 4 to 6 weeks due to transport, refining and distribution times.
 

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Unless it's going up, then it's immediate! :laugher:
 
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