Oil prices just keep DROPPING
12-18-2008, 03:15 PM
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Oil prices just keep DROPPING
WTI CRUDE FUTURE (USD/bbl.) $36.260 as of right now...
back in 2000 when 87 Octane was 99cents a gallon.. Oil prices were $32 per barrel...
We might soon see fulltanks in our cars for a little over 10bux!
back in 2000 when 87 Octane was 99cents a gallon.. Oil prices were $32 per barrel...
We might soon see fulltanks in our cars for a little over 10bux!
12-18-2008, 06:05 PM
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the thing is, although the price of oil is dropping... the cost of all the things that surged during the higher oil prices havent come down.
granted, these low prices wont stay this low but its still irritating nevertheless...
i.e.: price of postage, food, etc...
granted, these low prices wont stay this low but its still irritating nevertheless...
i.e.: price of postage, food, etc...
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12-18-2008, 06:16 PM
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Meh....it's just a cycle....it'll go back up after Christmas. The government knows we're in a financial crunch, and the same with every other countries who sells us crap. So, the thing to do around the holidays is make stuff that we cry about cheaper so that we have the comfort to go out and blow money that we don't have on crap we don't need for Xmas....once the holidays are over they will collect.....and yeah, that is going to be a fun time....
12-18-2008, 06:24 PM
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Originally Posted by Rasetsu99,Dec 18 2008, 07:14 PM
OPEC cut production on Wednesday. I doubt it will go any lower. Hopefully it will stay stagnant for a while.
the prices will sky rocket soon.
