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Oil is at $96 a barrel

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Old 09-29-2008, 06:08 PM
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Default Oil is at $96 a barrel
So why isn't gas down to $2.50 a gallon? Ok, ok, I know it takes months for today's oil futures to hit the market as gas, but I'll bet gas prices will not get back to pre-surge prices unless the consumers continue to conserve.
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Old 09-29-2008, 06:19 PM
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Up like a rocket, down like a feather.
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Old 09-29-2008, 06:25 PM
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Originally Posted by freq,Sep 29 2008, 09:19 PM
Up like a rocket, down like a feather.
Ain't it the truth?
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Old 09-29-2008, 06:36 PM
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Originally Posted by Legal Bill,Sep 29 2008, 10:08 PM
So why isn't gas down to $2.50 a gallon? Ok, ok, I know it takes months for today's oil futures to hit the market as gas, but I'll bet gas prices will not get back to pre-surge prices unless the consumers continue to conserve.
With todays losses they cannot afford to do otherwise.....
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Old 09-29-2008, 07:00 PM
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I think Ike is having something to do with the pricing and supply.
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Old 12-04-2008, 03:54 AM
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Here we are 2 months later, a barrel is 1/2 that price. Regular gas around here is just starting to get under $2 at some places here.
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Old 12-04-2008, 04:13 AM
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Regular gas here is $1.659/gal.
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Old 12-04-2008, 04:26 AM
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Ours dropped to $1.69 yesterday.
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Old 12-04-2008, 05:35 AM
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Why do you think the oil companies are enjoying record profits. Maybe they should bail out the auto industry.
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Old 12-04-2008, 05:40 AM
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Originally Posted by S2KRAY,Dec 4 2008, 09:35 AM
Why do you think the oil companies are enjoying record profits. Maybe they should bail out the auto industry.
Hmmm, The oil profits from the last year would easily float the auto companies.
I think Exxon alone might be able to do it.
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