$127 Barrel

[mhughes165]

and its not even holiday weekend yet, i say it gets up near 150 by the holiday

 

[Jspafford]

The holiday gas spike is what we are seeing now. This weekend is the holiday. I say it drops quite a bit next week. I hope anyway.

I never understood how the price of a barrel can go up and down so much in one day. If that is what the stock market "guesses" the price is then why does the price of gas hinge on it?

Is there not an exact price we should be going off of? Everytime the wall street dudes want more money they raise the estimated cost of a barrel and the pump prices soar.

I don't get it. If any other business based it's prices on a huge guess they would be belly up in a week.

 

[mhughes165]

The holiday gas spike is what we are seeing now. This weekend is the holiday. I say it drops quite a bit next week. I hope anyway.

I never understood how the price of a barrel can go up and down so much in one day. If that is what the stock market "guesses" the price is then why does the price of gas hinge on it?

Is there not an exact price we should be going off of? Everytime the wall street dudes want more money they raise the estimated cost of a barrel and the pump prices soar.

I don't get it. If any other business based it's prices on a huge guess they would be belly up in a week.

its not done yet......, itll go up more tomorrow, and the last spike will probably be friday or saturday

 

[pillen140]

The holiday gas spike is what we are seeing now. This weekend is the holiday. I say it drops quite a bit next week. I hope anyway.

I never understood how the price of a barrel can go up and down so much in one day. If that is what the stock market "guesses" the price is then why does the price of gas hinge on it?

Is there not an exact price we should be going off of? Everytime the wall street dudes want more money they raise the estimated cost of a barrel and the pump prices soar.

I don't get it. If any other business based it's prices on a huge guess they would be belly up in a week.

yeah, im getting sick of the flex-prices! up and down 20cents a day(mostly up) no way should the prices change so much in a day. 3 years ago, if the prices changed 10cents in a month it was a crisis. now its just every day?

 

[Jim Oaks]

My wifes uncle is coming to visit this weekend. He's going from New York, to Wheeling WV, up to see us, Michigan, back to see us and then back to New York. He's driving his Mercury Marauder and he only uses premium. I can only imagine what he's going to shell out in gas......

 

[grnrngr]

Dang!! I used to drive a Monterey back in '88 and it sucked then...that's a $100 fillup easy...

 

[racsan]

it closed at 132/barrell yesterday, when i was coming home at midnight all the stations had went up to 3.96 for 87 octane. diesel is around 4.60 i work for a honda parts supplier and we arent working friday. seems honda is shutting down thurs and fri as well as mem day. i cant imagine anyone buying a new car, even if it is a fuel saver. cant hardly afford to feed a paid-off vehicle much less feed one you have to be paying on. id get a new 250 cc for a commuter, but those are 3 grand. and small used bikes just aint nowhere to be found. too bad my 200 cc 3-wheeler aint street legal. it may only go 30 mph but it will run all weekend on a tank of fuel.
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[philS]

Oil closed today at $133.17 a barrel. It jumped 4 bucks today on rumor. shady

One year ago today, oil was trading at about $66 a barrel. Ouch.

 

[philS]

What about the poor bastards trying to run a gas station?

They make about 10 cents a gallon in profit on the sale of gas.

In contrast, the feds take about 20 cents a gallon in taxes.

Then states take their piece, of course -- CA and Hawaii take about 40 cents a gallon in taxes. I believe Jersey is the lowest at about 12 cents.

 

[hihoslvr]

I can only imagine what he's going to shell out in gas......

$135 a barrel! there goes his economic stimulus check.
Why didn't I fuel up last weekend?