I don't even hear/see excuses anymore...media just says "get ready it will be worse"

Speedwake said:I predict $6.00 gallon by the end of summer.
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.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.
ghart said:I'm still of the opinion we are about to see a significant drop in prices.
But I'm not holding my breathghart said:I'm still of the opinion we are about to see a significant drop in prices.
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.
Lets start a pettiton to get the lower prices!!!!!!!!axkiker said:good lord I hope so
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: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
If I could predict that with accuracy I would be the richest man on earth!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:![]()