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RE: oil plummets below $83 - 10/10/2008 4:46:44 PM

Musicmystery

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How is this "bucking the trend"?

(in reply to Aneirin)

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RE: oil plummets below $83 - 10/10/2008 4:47:11 PM

rulemylife

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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.

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RE: oil plummets below $83 - 10/10/2008 4:58:18 PM

Aneirin

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From: Tamaris
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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.

< Message edited by Aneirin -- 10/10/2008 4:59:30 PM >

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RE: oil plummets below $83 - 10/10/2008 5:03:01 PM

MasterG2kTR

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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!!

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RE: oil plummets below $83 - 10/10/2008 5:12:47 PM

Daddysredhead

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From: Northern (yet still part of the South) Virginia
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I'm just happy that I saved $20 on a fill up when I got gas today.

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RE: oil plummets below $83 - 10/10/2008 9:20:19 PM

FatDomDaddy

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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.

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RE: oil plummets below $83 - 10/11/2008 9:26:25 PM

moonvine

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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.