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Relax guys I think oil has peaked for this year

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Old 08-04-2011, 11:21 PM
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Originally Posted by jmoore1225 View Post
still paying for it @ the pump like its $150 a barrel tho...
$3.50 in Jersey,what are you paying.$150.00 a barrell would be over $5.00
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Old 08-05-2011, 07:23 AM
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We went up to $3.85 yesterday for regular.
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Old 08-05-2011, 08:17 AM
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$4.05ish here in CT. Going down they say......
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Old 08-05-2011, 10:10 AM
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still paying for it @ the pump like its $150 a barrel tho...
+1
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Old 08-05-2011, 03:44 PM
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$3.75.... My point was for the price of a barrel we should be paying @ least a $1 or less per gallon @ the pump
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Old 08-05-2011, 05:11 PM
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Oil is back to $87 similar to this time last summer but gas prices are still $1 more than last year, anyone able to explain why?
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Old 08-05-2011, 08:15 PM
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The problem with futures is they have a hard time figuring in on things like revolution in the Middle East and the mess in Libya.

Your prediction has been pretty good considering all the messes going on in the world right now
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Old 08-05-2011, 08:22 PM
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Originally Posted by pstorti View Post
Oil is back to $87 similar to this time last summer but gas prices are still $1 more than last year, anyone able to explain why?
Cause people are still paying it?
Would you cut your price if you knew people would pay more and more?
I know I wouldnt.
People stop paying,price goes down,people keep paying price will never go down much if at all.
By the overwhelming amount of huge SUVs,Pickups and gas guzzling sedans I see on the road around here I would say people would keep paying even if it was $5+ a gallon,they just are unwilling to give up driving the biggest most powerful 3+ ton vehicles they can buy just to save money.

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Old 08-06-2011, 08:41 AM
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Originally Posted by HTRDLNCN View Post
Cause people are still paying it?
Would you cut your price if you knew people would pay more and more?
I know I wouldnt.
People stop paying,price goes down,people keep paying price will never go down much if at all.
By the overwhelming amount of huge SUVs,Pickups and gas guzzling sedans I see on the road around here I would say people would keep paying even if it was $5+ a gallon,they just are unwilling to give up driving the biggest most powerful 3+ ton vehicles they can buy just to save money.
+1

Yup...because they can, we're used to the higher prices now and nobody's storming the stockade so time to gouge. I understand that they buy tankers of oil at a certain price and it takes time to make it to the pumps but if anybody thinks that there isn't a big ass fu(cking going of I'll sell them a bridge (at inflated prices though).
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Old 08-09-2011, 08:20 AM
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Originally Posted by Wet-N-Wild View Post
That's not what they are saying around here at my work. They are saying $4.50 a gal by summer and $5 by the end of the year. Man I hope it is just talk
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