Irony seizes the day and gives relief at the pumps.

[Xander67]

They are calling it the "Panic of 2008" according to Buisnessweek. Fueled by so called experts and media moguls, we are experiencing a panic similar to the one in 1907.

One Good thing to be gained if any, other than the price of land falling to affordable levels, is that we are seeing the end of the era of high gas prices and record oil company profits.


That's because stock market panic is spreading to the oil market. Oil prices sank to their lowest level in 13 months on Oct. 10 as worldwide investor uncertainty grew. Light, sweet crude for November delivery fell $8.89 per barrel, or 10%, to settle at $77.70 a barrel on the New York Mercantile Exchange, or Nymex (CME). Oil has lost 47% since hitting a record $147.27 on July 11.



http://www.businessweek.com/bwdaily/dnflash/content/oct2008/db20081010_772519.htm?chan=rss_topStories_ssi_5

Currently, the price of oil per barrel is at $78
Gas is $2.95 a gallon and falling .. :thumbsup:

[Shanti]

They are calling it the "Panic of 2008" according to Buisnessweek. Fueled by so called experts and media moguls, we are experiencing a panic similar to the one in 1907.

One Good thing to be gained if any, other than the price of land falling to affordable levels, is that we are seeing the end of the era of high gas prices and record oil company profits.



http://www.businessweek.com/bwdaily/dnflash/content/oct2008/db20081010_772519.htm?chan=rss_topStories_ssi_5

Currently, the price of oil per barrel is at $78
Gas is $2.95 a gallon and falling .. :thumbsup:
Ours is 3.20 on average.
Here is the gas map for the country.
Its updated often.
LINKYDINK (http://www.gasbuddy.com/gb_gastemperaturemap.aspx)


Oh and heating fuels, Oil and propane are way up this year.
3.67 and 2.65 per gallon, residential, national average. Thats high.
Linkydink again (http://tonto.eia.doe.gov/dnav/pet/pet_pri_wfr_a_EPD2F_PRS_cpgal_w.htm).
Theres a tab to look at the various fuel reports.

They always find away to get that money.

[Artiste-LiLi]

It is between 3.20 and 3.50 around where I live. I'm glad it is coming down, but it is going to have to come down a lot more before I can afford it!

[Rudas Starblaze]

its $2.98 here.

and like ive always said, the "price per barrell" nonsense is just that, BS nonsense. there was NEVER a reason for it to be as high as they were claiming other than for greed. thats it, thats all.

i always got a good laugh outta their reasons for raising the prices....

iraqi war!! price per barrell must go up...

hurricane!! price per barrel must go up...

12 year old chow yung ho took a purple shit in in the middle of nowhere china!!! price per barrell must go up....

its bloody insane BS i tell ye.

[aranarose]

That outta make [ex] Husband happy. Gas prices have been kickin' his ass!

[Xander67]

its $2.98 here.

and like ive always said, the "price per barrell" nonsense is just that, BS nonsense. there was NEVER a reason for it to be as high as they were claiming other than for greed. thats it, thats all.

i always got a good laugh outta their reasons for raising the prices....

iraqi war!! price per barrell must go up...

hurricane!! price per barrel must go up...

12 year old chow yung ho took a purple shit in in the middle of nowhere china!!! price per barrell must go up....

its bloody insane BS i tell ye.

Well Even the OPEC ministers have stated that current market prices do not truley reflect supply and demand figures.

[Caitlin.ann]

Its 3.069 at the Kroger where I often get my gas. Yay for lower prices.

[Shanti]

Now that the stocks are rising again, the oil is to. LOL

[Lunacie]

The price is down to $2.55 - a dollar lower than it was in mid-September. Some days it has fallen twice. I haven't seen anything like this since the "gas wars" in the 70's.