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

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05-07-2011 | 07:43 AM

#21

offshoredrillin

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From: Maryland

Quote:

Originally Posted by glassdave

they were saying on the radio that gas should stabilize to low three dollar range for the summer. we'll see . . . . .

isnt it a shame that we are seeing 3 dollars and saying that is good..whew what a relief, 300 dollars per side at the pump...ugh.

05-07-2011 | 07:35 PM

#22

firehawkcat

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From: Grain Valley,Mo

Diesel is down a whole dime today

05-09-2011 | 06:50 AM

#23

VtSteve

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Around this area, I see a high of 3.99, and many have retreated down to 3.87 and a low of 3.83. Starting to reverse course. Last week's rout of oil prices should have a decent impact this week and next.

05-09-2011 | 07:02 AM

#24

VtSteve

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Quote:

Originally Posted by Matt Trulio

What I keep hearing as the reason/excuse for sustained higher gas prices is a lack of "refinery capacity."

Refinery capacity has not really been an issue. Many got out of the business, and others are trying hard to increase margins. You'd be a fool to build a new one now.

The way to increase margins is through exporting. Many US refiners did well by increasing exports the last year, and especially this year. Up 42% since a year ago. The demand overseas is high, and China is a glutton now. It became more profitable to export due to demand. We had plenty.

05-09-2011 | 07:16 AM

#25

NKissau

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Joined: Nov 2006

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From: MICHIGAN

Regular is still $4.25 here in Michigan and Diesel is $4.35

05-09-2011 | 07:18 AM

#26

PARADISE ISLAND

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From: Boca/Brentwood

Quote:

Originally Posted by anewway

I'll be shocked if it hasn't Increased a dime by then.

05-09-2011 | 04:49 PM

#27

bjablonski

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Joined: May 2004

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From: lake villa,IL

RBOB gas ended up 21 cents as of market close today...don't expect much change at pump now. We just made up for losses last week

05-09-2011 | 06:38 PM

#28

redbud35

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Joined: Sep 2008

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From: LOTO

Quote:

Originally Posted by dbhammer

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.

Didn't they make some adjustments to the requirements?