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Dropping gas prices
- Thread starter terrys
- Start date
Yesterday Gas was $3.39 in Hammond, Indiana (2 blocks from my Chicago house) and, I had to go to Paw Paw, Michigan to pickup SeaDooJetSki which was winterized. Gas was $3.34 in Benton Harbor,Michigan and,anywhere between there and $3.43 along I-94 to Paw Paw. This morning gas in the City Of Chicago North Side was $4.23.
josh_butler
New member
$2.91 in Elk river this morning.
sledder4lif
New member
wow you guys with the 2.90's for gas are lucky right now in SE michigan its only 3.17 with it dropping 5-7 cents a day....i wish they would drop it 30 cents i mean they raise it that fast.
S
skylar
Guest
Wow, under 3 bucks to the west, just a hair over 3 bucks to the east, and here we are in the middle at 3.49. <font color="ff0000">•</font><font color="ff0000">•</font><font color="ff0000">•</font>?
sledder4lif
New member
they said gas was going to shoot way up forawhile and then fall back down to where it is suppose to be.... could this be it?<font color="ff0000">•</font><font color="ff0000">•</font><font color="ff0000">•</font><font color="ff0000">•</font><font color="ff0000">•</font> has been awhile since gas has been under $3.00 a gallon..truly sad to think thats a good price to haha
A
admin
Guest
Tree, four, four in scenic Allouez, MI.
-John
-John
yamahauler
Active member
I hope da barrel drops to $15 and we are back to a $1.00. Is that wishful thinking? Then I hope we can ramp up on alternative energy and NO MORE make the camel jockies rich.
Enjoy the cheaper gas while you can, looks like our OPEC friends aren't happy with the price of oil falling. Even the the economy is heading for the crapper our friends in the Middle East are showing their greed.
From the Financial Times
"Opec members seek emergency meeting
By Carola Hoyos in London
Published: October 8 2008 17:48 | Last updated: October 8 2008 17:48
Almost half the members of the Opec oil cartel are considering an emergency meeting in Vienna next month as oil prices dropped to their lowest level in nearly a year.
Almost half the members of cartel have in the past few days called on the group to act to halt the slide before their next official meeting scheduled to take place in Algeria in late December.
Iran, Libya, Nigeria, Iraq, Venezuela and Ecuador, whose economies tend to be most dependent on high oil prices and whose ministers are among the most hawkish of the 13-member group, have all lobbied for the cartel to drop output.
Their calls came as oil consuming nations moved to bolster their economies in a co-ordinated interest rate cut.
Oil prices on Wednesday resumed their slide towards $85 a barrel, a level last reached in December last year.
Nymex November West Texas Intermediate fell $3.06 to $87 a barrel, while ICE November Brent slid $2.96 to $81.
Opec’s next meeting was scheduled for December 18 in Algeria, but ministers are now saying they could meet on November 18 in Vienna, site of the group’s headquarters.
Opec controls nearly 40 per cent of the world’s oil supply, <font size="+2">and at its meeting last month pledged to reduce its production by about 500,000 barrels a day in an attempt to boost prices.</font> So far the group’s reduction has fallen far from that mark, but slowing production often takes more than a few weeks.
The world consumes about 87m barrels a day of oil a day."
From the Financial Times
"Opec members seek emergency meeting
By Carola Hoyos in London
Published: October 8 2008 17:48 | Last updated: October 8 2008 17:48
Almost half the members of the Opec oil cartel are considering an emergency meeting in Vienna next month as oil prices dropped to their lowest level in nearly a year.
Almost half the members of cartel have in the past few days called on the group to act to halt the slide before their next official meeting scheduled to take place in Algeria in late December.
Iran, Libya, Nigeria, Iraq, Venezuela and Ecuador, whose economies tend to be most dependent on high oil prices and whose ministers are among the most hawkish of the 13-member group, have all lobbied for the cartel to drop output.
Their calls came as oil consuming nations moved to bolster their economies in a co-ordinated interest rate cut.
Oil prices on Wednesday resumed their slide towards $85 a barrel, a level last reached in December last year.
Nymex November West Texas Intermediate fell $3.06 to $87 a barrel, while ICE November Brent slid $2.96 to $81.
Opec’s next meeting was scheduled for December 18 in Algeria, but ministers are now saying they could meet on November 18 in Vienna, site of the group’s headquarters.
Opec controls nearly 40 per cent of the world’s oil supply, <font size="+2">and at its meeting last month pledged to reduce its production by about 500,000 barrels a day in an attempt to boost prices.</font> So far the group’s reduction has fallen far from that mark, but slowing production often takes more than a few weeks.
The world consumes about 87m barrels a day of oil a day."
S
skylar
Guest
I don't think it will happen, this economic crisis is world wide now. I think OPEC will realise this, three months ago if they would have said they were dropping production, oil would have shot up immediately. The recently announced drop in production did nothing to the price of oil, it continued to drop.
That is what I am hoping for anyways, I need gas to be at $2.50 a gallon again.
That is what I am hoping for anyways, I need gas to be at $2.50 a gallon again.
L
lenny
Guest
3.46 in Mass city