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So.. oil drops $12/barrel yesterday...... >

So.. oil drops $12/barrel yesterday......

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So.. oil drops $12/barrel yesterday......

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Old 05-06-2011, 06:29 AM
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Question So.. oil drops $12/barrel yesterday......

How far do think the $ of a gallon of gas will drop today?
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Old 05-06-2011, 06:47 AM
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If we see a dime less at the pump by Memorial day ...I'll be shocked!!
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Old 05-06-2011, 07:27 AM
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I filled the tank from empty in the CC last week when it was going up so for once, it will probably drop fast. I made it rain by washing the truck yesterday as well.
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Old 05-06-2011, 07:41 AM
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They are talking about a price increase in NJ for this weekend! WTF! Apparently it takes weeks to see the price drop and a day to see it rise!
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Old 05-06-2011, 07:54 AM
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Gas went up here to $4.19. Which is nice...
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Old 05-06-2011, 08:02 AM
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they were saying on the radio that gas should stabilize to low three dollar range for the summer. we'll see . . . . .
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Old 05-06-2011, 09:40 AM
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oil is now at $100. that should equate to gas dropping .50 cents from the levels we now see at the pumps. wonder when that will happen.

all we have to do is raise margin requirements on oil futures trading and we'd stop all this BS.
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Old 05-06-2011, 09:59 AM
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[QUOTE=Tom A.;3396261Apparently it takes weeks to see the price drop and a day to see it rise! [/QUOTE]

Same thing with interest rates!
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Old 05-06-2011, 10:04 AM
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What I keep hearing as the reason/excuse for sustained higher gas prices is a lack of "refinery capacity."
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Old 05-06-2011, 10:30 AM
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It was short lived. Stocks are up today due to growth in the job market, so gold and oil are already up as well. That's just Great!
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