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Price of oil

kannoneer
Crashing.
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Comments

8 comments

Date Votes
  • droptop
    The U.S. now is the No. 1 producer. Wonder why they are "crashing". Maybe it's a policy of the U.S. to keep oil prices low.[:D]
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  • Sam06
    Its gone down almost $5 this month. There is more inventory than thought, but we are not really seeing at the pump.

    The problem is we don't have enough refinery's.
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  • Hunter Mag
    quote:Originally posted by Sam06
    Its gone down almost $5 this month. There is more inventory than thought, but we are not really seeing at the pump.

    The problem is we don't have enough refinery's.

    Wholesale gasoline is down ~10% the past month. Problem is it's a 60 day contract IIRC so we don't see it immediately. But when it goes up we do. Go figure...
    https://www.bloomberg.com/quote/XB1:COM
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  • wpage
    Love competition for oil...
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  • serf
    quote:Originally posted by wpage
    Love competition for oil...


    More likely they know the demand is going down like the stock market!

    Dow erases gains for the year! 608 points down today!

    serf
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  • spasmcreek
    i hope the price of oil gets as cheap as several rounds of grain prices while i farmed.....
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  • Mobuck
    Gas prices are changing so often I think the lard butt convenience store managers have actually lost weight just switching the numbers.
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  • remingtonoaks
    Don't tell serf, one of his conspiracy theories is gas prices are skyrocketing...

    And if he does read this thread, he'll probably start talking about the stock market (another one of his conspiracy theories) so his gas prices skyrocketing Theory doesn't look so stupid...

    Update: whoops, looks like he already has Read it
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