Gasoline Price Thread |
Gasoline Price Thread |
Sep 26 2008, 09:47 AM
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#21
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
We're at $3.45
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 2 2008, 08:53 AM
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#22
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
$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. |
Oct 2 2008, 09:01 AM
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#23
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
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..... Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 2 2008, 09:02 AM
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#24
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
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. |
Oct 2 2008, 05:56 PM
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#25
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
Gas is at $3.16!!!!!
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 2 2008, 08:56 PM
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#26
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Really Comfortable Group: Moderator Posts: 2,315 Joined: 10-February 07 From: Michigan City Member No.: 43 |
We're hovering in the $3.56 range.
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Oct 6 2008, 12:33 PM
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#27
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
$3.46 now.
Gasoline futures have been as low as $2.05 today. |
Oct 6 2008, 12:54 PM
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#28
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
3.10 here
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 7 2008, 08:44 PM
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#29
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
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.” |
Oct 7 2008, 09:28 PM
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#30
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Advanced Member Group: Members Posts: 445 Joined: 24-August 07 From: Kissimmee, FL Member No.: 546 |
I paid $2.99 a gallon at an Amoco station today in Plymouth, IN.
This was the "common" price without any credit card's. Welcome to the Michigan City Area Schools, we are over budget, over paid, overwhelmed ... |
Oct 7 2008, 10:50 PM
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#31
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
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!
Too bad Plymouth is too far a drive to make that price worth it, huh? Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 8 2008, 05:59 AM
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#32
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
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Oct 8 2008, 06:53 AM
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#33
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Advanced Member Group: Members Posts: 445 Joined: 24-August 07 From: Kissimmee, FL Member No.: 546 |
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... 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! Too bad Plymouth is too far a drive to make that price worth it, huh? Welcome to the Michigan City Area Schools, we are over budget, over paid, overwhelmed ... |
Oct 8 2008, 08:31 AM
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#34
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
I would probably need proof too living there with the prices what they've been!
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 9 2008, 09:09 AM
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#35
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
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? Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 9 2008, 10:07 AM
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#36
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Spends WAY too much time at CBTL Group: Members Posts: 3,237 Joined: 8-December 06 From: MC Member No.: 3 |
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! The difference between genius and stupidity is that there are limits to genius. Albert Einstein
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Oct 9 2008, 11:52 AM
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#37
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
80 proof Vodka (no milk)
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 10 2008, 06:10 AM
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#38
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
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. |
Oct 10 2008, 10:26 AM
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#39
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Spends WAY too much time at CBTL Group: Admin Posts: 5,171 Joined: 11-December 06 From: Indiana Member No.: 10 |
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.
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind~Dr. Suess
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Oct 13 2008, 09:42 AM
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#40
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Spends WAY too much time at CBTL Group: Admin Posts: 16,425 Joined: 8-December 06 From: Michigan City, IN Member No.: 2 |
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