RE: oil plummets below $83

RE: oil plummets below $83 (Full Version)

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Musicmystery -> RE: oil plummets below $83 (10/10/2008 4:46:44 PM)
How is this "bucking the trend"?

rulemylife -> RE: oil plummets below $83 (10/10/2008 4:47:11 PM)
quote: ORIGINAL: Musicmystery ~FR~ NPR reports oil could soon fall to below $60, and gas below $3 a gallon. Already has in some places here. Paid $2.89 yesterday. And this is a metro area, not out in the country where demand and prices are usually lower.

Aneirin -> RE: oil plummets below $83 (10/10/2008 4:58:18 PM)
quote: ORIGINAL: Musicmystery How is this "bucking the trend"? People are'nt buying cars, there is a glut of them about awaiting buyers, people are not using cars as much, the prices are low. I intend to buy a fully functioning diesel car for about £150, mileage, about 62k, it is old, but at 62k for a diesel it's hardly worn in. Buyers market for cars now, and I am glad I sold my ford focus last year and got a good price for it, now, forget it, it won't sell for what it was worth. I am also on an extreme low income, I have been for the last three years, the result of which, I feel I am better equipped to ride this economic storm better than most, as I know how to live cheap, and still have a life. I live with what I have, not credit, I don't use credit, I exist on what I have in reality.

MasterG2kTR -> RE: oil plummets below $83 (10/10/2008 5:03:01 PM)
Up until sometime earlier this year, the price of gas in relation to the price of oil was right around $1.00 per gallon of gas for every $40 per barrel of oil. Thus as the current price of oil (currently at $78/bbl) we should be paying $2.00 (or slightly under) per gallon. So needless to say....we're being hosed BIG TIME!!

Daddysredhead -> RE: oil plummets below $83 (10/10/2008 5:12:47 PM)
I'm just happy that I saved $20 on a fill up when I got gas today.

FatDomDaddy -> RE: oil plummets below $83 (10/10/2008 9:20:19 PM)
quote: ORIGINAL: slvemike4u Just wondering FDD,but how did you arrive at those numbers?Particulary the $30-$50 dollar a barrell for crude. http://online.wsj.com/article/SB121884488543246049.html?mod=todays_us_opinion As far as the barrell price, it is... a speculation but sound since the would is awash with crude oil at the moment.

moonvine -> RE: oil plummets below $83 (10/11/2008 9:26:25 PM)
quote: ORIGINAL: Musicmystery ~FR~ NPR reports oil could soon fall to below $60, and gas below $3 a gallon. Just a quick blurb on the news, so no details. It is below $3 a gallon here now. In fact, I saw several places it was $2.75 a gallon today.

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