;D ;D ;D ;D $57.20 ;D ;D ;D ;D

Local retail droped a dime overnight! $1.79 anywhere,

cheaper at a few stations!

p.s.

Long Mike: Schnucks is a regional chain headquartered in St. Louis.

The discount applies to grocery purchases over $25 and accumulates.

New lows: $56.50

good deal.  Keeps getting better. 8-)

WOO-HOO!

Still falling and a new handle: $55.80 at the 2:00 CST close.

;D ;D ;D ;D ;D

think we will make it into the 40's next week?

I expect OPEC to show their true colors:

Call for an another "Emergency Meeting" and cut production again.

The oligopoly that controls 40% of worldwide production will vigorously

defend a pricing level of $50. Oil can certainly go lower, much lower,

but expect resistance at $50.

The "oil shortage" last summer was a mirage.

The "oil glut" is real.

>

I like that the gas im putting into my truck is falling like a rock. I just wish that my Health Care Ins premiums would do the same. Here in southern NH it is approx. $2.21/gal.

 $54.67 overnight  

Finaly hit $1.98 in eastern NC today.

its been holding at 1.88-1.89.  No changes as of late.

Well, as I have pointed out several times on this thread, oil is just another commodity and the commodity markets are very volatile. Although we have been trading well below the projected range ($60-$80), the trend still indicates lower prices in the comming months.

That said, there is some correlation between the equity markets and oil futures. With the stock market jumping 554 points yesterday (+900 in the last two hours of trading), oil rose about $2.61 from yesterday's low and is currently trading at $57.28.

as long as we stay around 60 per bbl for awhile it will be nice.  I hate all these end of year bills.

I think the stock market is joing to make a big jump again today.  It would be nice.

Well, yesterday's stock rally was the result of both the DJIA and the S&P 500 breaking through October's 52 week (intraday) lows, the lowest prices of the year! That seems like a pretty weak excuse for a 900 point rebound. It's confusing, but I think stocks will continue to trend lower. The DJIA is down 143 at the opening.

I'm sure your right.  I just keep hoping it starts going up.  It would be real nice to see some positive movement for awhile.

All the doom and gloom news makes me want to just turn off all electrical devices and go hunting for a couple months.  

If the powers to be don't handle this correctly , a lot of people are going to be out of work and then it won't matter how cheap gas will be.

Currently:

DJIA  -346 at 8489

S&P   -39   at   872

Oil     $56.55

So RW you think 7500 by end of next week?

So RW you think 7500 by end of next week?

That's possible, but it might much lower:

http://www.foxbusiness.com/story/markets/citigroup-automakers-lead-futures-lower/

Yikes!

I hope the bottom is close.  Its getting real scary.  Where I work the work isnt coming in like it should this time of year.  And we all know what that can lead too.

Well, sorry to say this, but we are at the beginning of a recession,

not approaching the end. No one knows how long or how deep this

will be, but batten down the hatches, there are more rough seas

ahead.

Oil is $56.11 this morning. Local retail is $1.85

on average in the Memphis area.

Equity futures are trading lower (DJIA -87).

It looks like more of the same, trending down

with continued volatility.

FINALLY broke the $2.00 barrier this weekend around my place! $1.97!!!

2:00 CST

Oil $54.95

DJIA  -116 @ 8380

my 401k  

Down another 100 points in the last hour of trading,

closing near today's lows:

DJIA  -223 @ 8273

S&P   -23  @   850

We will be in the 7k's by wednesday.   >