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Ang
post Sep 26 2008, 09:47 AM
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We're at $3.45


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Southsider2k12
post Oct 2 2008, 08:53 AM
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$3.54 now

The good news is that the futures seem to be trending down nicely. We could MAYBE see $3 in the next month or so. A lot of that depends on getting the deep south gasoline again, which means the gulf refineries have to come back on line... but the trend is there. Gasoline futures are trading at about $2.25 as we speak.
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Ang
post Oct 2 2008, 09:01 AM
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We're down to $3.20 this morning. A friend of mine is a truck driver from TX. He said the refineries were only shut down for three days. The day before the storm, the day of, and the day after. He said there is no reason why gas shouldn't come way down. We're dropping a penny or two a day, so you guys should catch up to us soon.

Fingers crossed.....


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Southsider2k12
post Oct 2 2008, 09:02 AM
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QUOTE(Ang @ Oct 2 2008, 10:01 AM) *

We're down to $3.20 this morning. A friend of mine is a truck driver from TX. He said the refineries were only shut down for three days. The day before the storm, the day of, and the day after. He said there is no reason why gas shouldn't come way down. We're dropping a penny or two a day, so you guys should catch up to us soon.

Fingers crossed.....


Hmm. News reports made it sound like there was much more than that closed.
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Ang
post Oct 2 2008, 05:56 PM
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Gas is at $3.16!!!!!


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JHeath
post Oct 2 2008, 08:56 PM
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We're hovering in the $3.56 range.
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Southsider2k12
post Oct 6 2008, 12:33 PM
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$3.46 now.

Gasoline futures have been as low as $2.05 today.
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Ang
post Oct 6 2008, 12:54 PM
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3.10 here


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Southsider2k12
post Oct 7 2008, 08:44 PM
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http://www.businessandmedia.org/articles/2...1007163408.aspx

QUOTE
Oil Recession: Analyst Foresees Oil at $40 a Barrel or Lower
Equidex President Phillip Gotthelf tells Bloomberg TV oil prices poised to drop much further.

By Jeff Poor
Business & Media Institute
10/7/2008 4:38:11 PM

Earlier this year, many voices in the media were warning for the worst when it came to the price of oil as economic uncertainty loomed ahead. One analyst even predicted in May that oil would hit $300 a barrel.

However, now that financial turmoil has plagued the markets, the price of oil has fallen from its $147-a-barrel high in June 2008 to around $90 a barrel on Oct. 7. Around its peak, many were forecasting oil in excess of $200 by the end of 2008, but since that time the bull market in commodities has slowed or ceased, as Equidex President Phillip Gotthelf pointed out on Bloomberg TV on Oct. 7.

“I think that the commodities really outlived their, their useful rallies because they’ve exceeded the elasticity of the consumer,” Gotthelf said. “And commodities are consumables, they’re not investments. They’re speculative equals sometimes, but they’re certainly not investments.”

According to Gotthelf, those commodities include oil, which he said was poised to go to $40 a barrel or lower in the wake of the global economic turmoil.

“I’m somewhat amused. Goldman Sachs (NYSE:GS) was forecasting $200 a barrel for oil,” Gotthelf said. “I see that their forecasts are getting more and more conservative. I said $200 a barrel was ridiculous. Even $150 I thought was ridiculous. We were looking at $24 a barrel in 2004. Everybody is now making comparisons in the financial sector to the implosion of stocks in 2002, 2003 – the last stock recession. Why shouldn’t we see oil return to $40, maybe even below $40 a barrel?”

If Gotthelf’s prediction were to come true, the price of a barrel of oil would reach a low point not seen in almost four years. The last time oil was at $40 a barrel was late 2004. At that time, the media were concerned about paying $2 a gallon for gas.

Gotthelf based his prediction on the decrease in demand – a result of the economic slowdown and changes in worldwide energy supply.

“Certainly we could [see $40 per barrel] because think about the fact that we’ve had what people are now calling demand destruction – a new term,” Gotthelf said. “Basically demand is declining because of the extreme economic conditions that were facing and because SUVs are very expensive to fill up. We’re switching our way of doing business in energy and you’re going to see that reflected in the decline of world consumption.”



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eric.hanke
post Oct 7 2008, 09:28 PM
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I paid $2.99 a gallon at an Amoco station today in Plymouth, IN.

This was the "common" price without any credit card's.


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Ang
post Oct 7 2008, 10:50 PM
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Wow! I was going to brag cause we're at $3.06 and falling. I couldn't wait to tell you all that we are below $3 and Eric stole my thunder! Ha Ha! laugh.gif

Too bad Plymouth is too far a drive to make that price worth it, huh?


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Southsider2k12
post Oct 8 2008, 05:59 AM
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QUOTE(Ang @ Oct 7 2008, 11:50 PM) *

Wow! I was going to brag cause we're at $3.06 and falling. I couldn't wait to tell you all that we are below $3 and Eric stole my thunder! Ha Ha! laugh.gif

Too bad Plymouth is too far a drive to make that price worth it, huh?


It will hit here really soon.
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eric.hanke
post Oct 8 2008, 06:53 AM
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Sorry to steal your thunder Ang. I took a picture of the price sign with my cell phone and sent it to my wife because she did not believe me...

QUOTE(Ang @ Oct 7 2008, 11:50 PM) *

Wow! I was going to brag cause we're at $3.06 and falling. I couldn't wait to tell you all that we are below $3 and Eric stole my thunder! Ha Ha! laugh.gif

Too bad Plymouth is too far a drive to make that price worth it, huh?



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Ang
post Oct 8 2008, 08:31 AM
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I would probably need proof too living there with the prices what they've been!


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Ang
post Oct 9 2008, 09:09 AM
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Our gas is $2.98 and I just got a text from one of my truck driver friends. He is in Indy this morning and said gas there is $2.99.

So, if gas in Indy is $2.99, why is it still so high up north by you guys? I wonder what it is in Chicago right now?


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Roger Kaputnik
post Oct 9 2008, 10:07 AM
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QUOTE(Ang @ Oct 8 2008, 09:31 AM) *
I would probably need proof too living there with the prices what they've been!


Here is the proof I am using: 90 Proof bourbon!


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Ang
post Oct 9 2008, 11:52 AM
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80 proof Vodka (no milk)


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Southsider2k12
post Oct 10 2008, 06:10 AM
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QUOTE(Ang @ Oct 9 2008, 10:09 AM) *

Our gas is $2.98 and I just got a text from one of my truck driver friends. He is in Indy this morning and said gas there is $2.99.

So, if gas in Indy is $2.99, why is it still so high up north by you guys? I wonder what it is in Chicago right now?


The station I pass on the train in the morning is still $3.99 in Hyde Park. We were down to $3.28 yesterday. The futures have actually even broken $2 in the last few days, and have been as low as $1.90. The bottom might be near though because OPEC is making noise about production cuts again.
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Ang
post Oct 10 2008, 10:26 AM
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We're dropping like crazy. This morning is was $2.94. Seeing what gas is going for in Chicago, it's no wonder you guys are still so high. That's just crazy.


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Southsider2k12
post Oct 13 2008, 09:42 AM
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QUOTE(southsider2k7 @ Sep 18 2008, 09:29 AM) *

So we are slowly getting to where we should be going. I think by Oct 1st we could see $3.25. (barring anything crazy happening.)


Saw $3.09 at 5 am when I left for work. The rate we are going, $2.75 is really in range again, MAYBE $2.50.
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