OK! Crude is down again today! Dropped almost $15/bbl since last week!

[napi21]

Light Sweet Crude Oil Futures,Sep-2008,RTH (-CL)
-CL quote
130.18 -5.14 -3.80%
Previous Close 135.32 Day's High 137.05
Day's Low 130.85


When are we going to see the drop at the pump??????

[grantcart]

1. after labor day

but I predict another $ 20 off the barrel as they move to end saber rattling with Iran and negotiate.

[Andy823]

6. Do you think

Bush and his gang of war mongers have figured out it's cheaper to "negotiate" and cut a deal with the big oil countries in the Middle East, than it is to "invade" them and spend trillions to have it all, and then find out they will never have complete control because the people of those countries are not as stupid as they thought they were?

I bet we could have gotten Iraq's oil for a few billion instead of the trillions we will end up spending, and NOBODY would have had to die over the greed of the big oil companies and idiots like Bush and Cheney!

I also agree, not till after labor day will we see any significant drop in gas prices. They, big oil companies, will make the biggest haul since Bush took office this year, of that I am willing to bet! The hedge funds, investment firms that bought up oil, and speculators will make a killing this year also. Bush's "BASE" will be the only ones who far well in this mess he has gotten us into! Damn I will be so happy when he leaves office!

[grantcart]

10. I think that the bank runs have tipped the balance of power in the

Bush Administration has moved to Gates and the financial folks isolating the Neocons

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x6510670

[Andy823]

2. Not in the near future.

Gas prices go up sometimes daily when oil prices to up, yet when oil comes down, it takes months to see any drop in price. Gas went up here 3 cents per gallon on Monday, now at $4.35. Diesel went up to $5.13. I don't see any chance of a price drop till maybe in late August, but probably not till after labor day. The big gas companies are going to get every last dollar they can this year, and they have been doing so since last fall, because Bush will be gone next year, and they know they can no longer play their games when Obama takes office. Congress has been slow to do anything about speculators, the shadow markets, and the Enron loop hole, if they had done something back in January we might not have been paying so much this year, but you know congress, no backbone at all!

[DFW]

3. Hey, if this continues, gas will only be double what it ought to be!

[demosincebirth]

4. At our local station the price dropped .10 cents overnite.

[question everything]

5. I am just glad that it is safe - for now -

to visit our retirement funds...

[peanut2010]

7. Bush will just threaten another country and get it back up

[DailyGrind51]

8. I've been drivng my car only about once a week, during the summer.

Without my usual summer school gig, I really can't afford to buy gasoline!:-(

[rucky]

9. I'm so grateful.

they giveth and they taketh away.

[Historic NY]

11. 2 cents in one spot here.........

they are ripping us off big time.

[spanone]

12. dream on...

[ileus]

13. we've lost 7 cents a gallon this week.

[TheFriendlyAnarchist]

14. Ours went down today. Don't know if there's a correlation.