Well yall it was 2.65 here the other day, and now its 2.98....

please explain!!

Well yall it was 2.65 here the other day, and now its 2.98....

please explain!!

My guess would be that a light bulb went out at a refinery somewhere and they had to shut down for a week to change it, thus creating a false gas shortage to further gouge the American public.

And you know the old saying...."All good things must come to an end".

Does anyone know when OPEC is going to reduce the supply? :-[

Its still 2.97 here in Auburn. I'm going home today and normally on the way I spy some pretty cheap gas. I'll report my findings later.

Lowest price in the Memphis area is Gibson BP on Riverside: $2.57

However, with a Schnucks gas card and maximum discount, $2.19

8-)

I saw $2.86 up here in NY on my way to work this mornin I better go fill up the boat!!

It was $2.67 back home in GA. Didn't see it anywhere cheaper.

I saw a 2.34 in KC over the weekend.

Still holding around $2.79 around here in MD but I paid $2.45 over the weekend up in PA.

Still holding around $2.79 around here in MD but I paid $2.45 over the weekend up in PA.

Brother's place?

Still around 2.75 in my area right now.  I heard 2.30 something around Carlisle/Mechanicsburg...

We're still paying for "oil in the pipeline".

Funny how prices go up immediately,

but are slow to reprice down... >

Still holding around $2.79 around here in MD but I paid $2.45 over the weekend up in PA.

Brother's place?

Still around 2.75 in my area right now. I heard 2.30 something around Carlisle/Mechanicsburg...

Technically, my parents but yes, up in Juniata county.

We're still paying for "oil in the pipeline".

Funny how prices go up immediately,

but are slow to reprice down... >

I have yet to figure that one out.

I like the post on changing the light bulb in the refinery.  Sad but it makes sense. ;D

went down to 2.89 at the gas station by my house...couldnt believe it I took a picture

Ours dropped again to $2.45 but it's $2.41 just up the highway a little.

$2.69 up the rode from me.

Gasoline prices at the retail level will continue to fall with oil trading around $70. The oil glut is putting pressure on prices. This entire period of excessive cost is difficult to explain, but it has never been about supply and demand. The huge worldwide inventories of oil available for immediate deliver has caused OPEC to call an emergency meeting in a few days. Their attempt to keep prices high can only be achieved by reducing production.

Although we continue to trade in the $60-$80 range I suggested several months ago, the lows will probably be tested over the next few months. OPEC's concern is breaking below $50 a barrel and I hope we get there!

$71.57 currently

8-)

Gasoline prices at the retail level will continue to fall with oil trading around $70. The oil glut is putting pressure on prices. This entire period of excessive cost is difficult to explain, but it has never been about supply and demand. The huge worldwide inventories of oil available for immediate deliver has caused OPEC to call an emergency meeting in a few days. Their attempt to keep prices high can only be achieved by reducing production.

Although we continue to trade in the $60-$80 range I suggested several months ago, the lows will probably be tested over the next few months. OPEC's concern is breaking below $50 a barrel and I hope we get there!

$71.57 currently

8-)

LOL, Yeah Kent. You, me and about 100 million others

Oil is currently $69.91

;D ;D ;D ;D ;D ;D

It's easy to hate these guys:

http://www.foxnews.com/story/0,2933,442343,00.html

Why we haven't addressed this issue thirty years after the Arab Oil

Embargo in the '70's is a mystery to me. C'mon boys! Get off your

butt and solve our energy crisis.

We have the means, we need the will!

>

It's easy to hate these guys:

http://www.foxnews.com/story/0,2933,442343,00.html

Why we haven't addressed this issue thirty years after the Arab Oil

Embargo in the '70's is a mystery to me. C'mon boys! Get off your

butt and solve our energy crisis.

We have the means, we need the will!

>

I agree with you RW. We need some new energy ideas and get this country off of its addiction to foreign oil. The problem how I see it is this. There are far too many important people in this country poised too make far too much money, period end of story.

It's easy to hate these guys:

http://www.foxnews.com/story/0,2933,442343,00.html

Why we haven't addressed this issue thirty years after the Arab Oil

Embargo in the '70's is a mystery to me. C'mon boys! Get off your

butt and solve our energy crisis.

We have the means, we need the will!

>

I agree with you RW. We need some new energy ideas and get this country off of its addiction to foreign oil. The problem how I see it is this. There are far too many important people in this country poised too make far too much money, period end of story.

The trials and tribulations of capitalism....

I dont like paying high amounts for gas, but it really stings when your own system is being used against you.    :-/

From page 2 on this thread:

Two wars, one standoff with Iran, and turmoil in Israel. When is the Middle East ever really been at Peace? Not in the last 2000 years at least.

when will the middle east be at peace Not for 2000 more years

They have never had peace. Never will either.

Wrong...

The same thing was said about the Japanese during WWII.

The Germans have always been associated with war and

aggression. A few hundred years ago the same was said

about the Spanish and for a thousand years the Vikings

were nothing but ruthless savages.

Democracy, independence and freedom can carry the day.

American is a beacon of light for all of humanity. Iraq is a

symbol of hope for the entire world. I believe that peace in

the Middle East is achievable.

"A journey of a thousand miles starts with the first step."

Back on topic,

Oil is nothing but a commodity. Prices will fluctuate, but there is nothing

"intrinctly valuable" about oil. There is a glut of oil in tansit and the

pricing is contrived. The commodity is not scarce, delivery to end

users is the problem.

In a broader context, the universe is unimaginably large. The only thing greater

than the volume of mass is the amount of energy in the system. If we mere

mortals can find a way to harness a small portion of that energy, life becomes simple.

There is not now, and will never be a shortage of "energy".

8-)

And from another page:

Geez...

I didn't know Paris Hilton was a Rocket Scientist...

"Drill for oil to meet our short-term needs while

developing alternative energy sources for the long-term."

I am so sick and tired of "DO-NOTHING" politicians. We have

plenty of resources, it's time to focus our national priorities

and use them.

Virtually unlimited shale oil reserves in the Rocky Mountain States;

more coal than all of the rest of the world's total energy potential;

untapped oil on the continental shelf and Alaska;

and the end-all...nuclear power.

Let's require these slugs that took a five week "summer break"

to actually do something to address the issue. The energy challenge

requires a concentrated effort to resolve: FIX IT NOW!

We have the resources, let's use them.

Amen RW.