Oil feel below $94.00 a barrel,now how long before the price adjusts?

[heatherrae]

this weekend we had unprecedented gas price increases in Kentucky despite the drop in the cost of oil. Go figure.

 

[goin on 4T]

this weekend we had unprecedented gas price increases in Kentucky despite the drop in the cost of oil. Go figure.

Because of the refineries shutting down in Texas dear!

 

[velvett]

No, it's about price gouging.
I don’t see how anybody can say it is not.
Oil goes up a dollar and our gas goes up a nickel.
Oil drops $10 and our gas goes down 2 cents.
How can anybody with a straight face tells us anything different?

dead on.

 

[chris302001]

this weekend we had unprecedented gas price increases in Kentucky despite the drop in the cost of oil. Go figure.

Our prices out west fell another 3 cents last night......

 

[guest username]

No, it's about price gouging.
I don’t see how anybody can say it is not.
Oil goes up a dollar and our gas goes up a nickel.
Oil drops $10 and our gas goes down 2 cents.
How can anybody with a straight face tells us anything different?

EXACTLY!

When oil goes up, gas prices rise quickly. When oil goes down, gas prices do not drop so quickly.

 

[Razorguns]

EXACTLY!

When oil goes up, gas prices rise quickly. When oil goes down, gas prices do not drop so quickly.

BECAUSE WHEN OIL GOES DOWN -- LOTS OF COUNTRIES, NOT JUST THE US -- BUY THAT OIL AND PUT THEM INTO THEIR RESERVES/REFINERIES. COMMODITIES MARKET (EBAY FOR OIL). OF COURSE OUR REFINIRIES ARE LIMITED (GO THANK A DEMOCRAT).

Imagine Xbox's on ebay going for $20. 90% bought by non-us people. 10% americans buy it, then sell it to americans for $100 on ebay. The fact it was only $20 is meaningless.

Public Schools should drop chemistry table of elements bullshit and teach this shit instead.

r

 

[billfred]

I got most of it from reading Exon Mobile, Chev and Coco 10k and 10qs...

This is the mistake most people make - they just add up all the new projects coming online and feel everything is soon going to be ok.

What you really need to focus on is the overall production increase. All the companies mentioned are going balls to the walls and only able to increase production from 0 - 5% annually.

Why??? Because there projects online are on decline. Did you know that projects in the Gulf of Mexico decline at a rate of 20%/year??

 

[billfred]

No, it's about price gouging.
I don’t see how anybody can say it is not.
Oil goes up a dollar and our gas goes up a nickel.
Oil drops $10 and our gas goes down 2 cents.
How can anybody with a straight face tells us anything different?

Did anyone catch the news on gasoline inventories yesterday?? They are at the lowest level in the US since 1967. Heads-up, we drive more cars now than 1967.

I was amazed this did not make any headlines. I realize it is because the economy is melting down. Thank god for that as prices would be just unreal otehrwise.

 

[gotmilk]

wait three more weeks for the next group on futures contracts to be covered. $120 again

 

[billfred]

wait three more weeks for the next group on futures contracts to be covered. $120 again

gotmilk - are you a commodities trader?