Deja Q
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-13-05 07:05 AM
Original message |
The last time oil was $63/barrel, how much did gas cost for you? |
|
http://www.canada.com/businesscentre/story.html?id=e846d724-ecc0-4728-8388-fd567b349980Light sweet crude for October delivery fell $1.48 to $62.60 US a barrel in midday trading on the New York Mercantile Exchange.I still see $2.79 everywhere and we saw prices ramp up the instant the hurricane hit; nobody waited until existing stocks were down before making the price adjustment.
|
Spider Jerusalem
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-13-05 07:22 AM
Response to Original message |
1. It's not about the price per barrel right now... |
|
Edited on Tue Sep-13-05 07:22 AM by Spider Jerusalem
and that doesn't specify WHICH crude, anyway...West Texas? North Slope? Brent? Gulf? That makes a bit of difference. And the refinery capacity on the Gulf coast that got knocked out by the hurricane, and the port of New Orleans being non-operational, probably have as much to do with high gas prioes as anything. Doesn't matter if oil's $30 a barrel...if there's not enough refining capacity to keep up with demand, then the market is going to determine the price of what is suddenly a scarcer resource.
|
KG
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-13-05 07:49 AM
Response to Original message |
2. i just love 'market forces', don't you? |
Wcross
(1000+ posts)
Send PM |
Profile |
Ignore
|
Tue Sep-13-05 08:01 AM
Response to Original message |
3. I watch "street signs" on the financial channel...... |
|
Wholesale gas prices are the real indication. Yesterday the dropped .087 cents a gallan. The day before they dropped .095 cents. I haven't seen an 18 cent drop at the pumps though, go figure?
|
DU
AdBot (1000+ posts) |
Fri Apr 26th 2024, 12:15 AM
Response to Original message |