What I dont understand is companies jacked up prices accordingly to the high gas prices and metals prices. Now the bottom has fell out and no one has lowered their prices. :-?

Exactly what don't you understand? :

Oh I really understand it but just frustrates me.

So RW,  you think by end of the year it will be in the 20's

No.

The current contract (January) expires today and February is $4-$5

higher. So, all things being equal, Monday's quotes will appear to spike.

There seems to be some support at $35 and much more at $30.

WOO-HOO!

The January contract is closed: $33.87

In earlier trading, a 5 yr low of: $32.40

           

What I dont understand is companies jacked up prices accordingly to the high gas prices and metals prices. Now the bottom has fell out and no one has lowered their prices. :-?

I'll give you ten to one that the airlines don't remove the checked bag fees

I'll give you ten to one that the airlines don't remove the checked bag fees

Ha ha, your probably right! Overall though, low oil prices will eventually cause deflation.  However, I'm not getting too excited yet because oil will probably start going back up in the new year.  I hope not though!!

Maaaaan.  It's still $1.79 around here.  We're really getting ripped off on the barrel of oil to gallon of gas ratio.

No.

The current contract (January) expires today and February is $4-$5

higher. So, all things being equal, Monday's quotes will appear to spike.

There seems to be some support at $35 and much more at $30.

Didn't take long for February's contract to fall through $40.

Gas is also down to less than 89 cents a gallon!    8-)

We were at 1:36 per gallon but now it is almost 1.50 a gallon, my guess is they raised it to make money from the holiday travelers.

we are still real high on gas.  Some reason it wont fall below 1.45 here.  

We were at 1:36 per gallon but now it is almost 1.50 a gallon, my guess is they raised it to make money from the holiday travelers.

I guess...

There doesn't seem to be much logic in retail pricing,

but I'm sure we're being ripped off!