Gas @ the IGA Express (formally a BP) at the intersection of Hwy 90 & the Louie B. Nunn Park way in Glasgow is down to $1.99 9 as of Sunday, Nov. 2 , 08.
Gas @ the IGA Express (formally a BP) at the intersection of Hwy 90 & the Louie B. Nunn Park way in Glasgow is down to $1.99 9 as of Sunday, Nov. 2 , 08.
2011-721ProXp/250SHO
Man, I would love to see a "1" at the front of our gas prices...still in the $2.30-$2.45 range around Nashville.
paid 1.96 at Thortons by my house today... bet it goes up tommorow.
Could go up tomorrow, but my wife is betting it goes back up after the election is over, SO would say by next weekend might want to be prepared for the worst....IF she is correct.
2011-721ProXp/250SHO
Filled up in Lexington today for $1.88 gal , Thinking maybe I should go fill the boat too.
Greg Paschal - Louisville, KY
Boatless
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Slow Rollin »</TD></TR><TR><TD CLASS="quote">Filled up in Lexington today for $1.88 gal , Thinking maybe I should go fill the boat too.</TD></TR></TABLE>
Our gas went to 2.01 today, I think I'll fill the Buwwet tomorrow just in case Ed's wife is correctThe last gas I bought for it cost 3.89......
(606)305-1956
I think i may fill my 5500 gallon tanker up if its that cheap
Get it while you can. It'll go way up after the election. Oil went up over $7 a barrel just today.
Majek Reaper
Flashed SHO
Anderson Services LLC
" Those who beat their swords into plowshares will plow for those who don't"
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1.89 here on Tuesday, 2.09 on the day after the election.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Roddy »</TD></TR><TR><TD CLASS="quote">Get it while you can. It'll go way up after the election. Oil went up over $7 a barrel just today.
Went back down today...hovering around $63 a barrel...price fell due to Europe cutting rates and the US dollar gaining a little strength.
Oil falls as Europe cuts rates
Crude investors worry sluggish economic growth could hurt demand for products.
NEW YORK (CNNMoney.com) -- Oil prices continued to decline Thursday as concerns about slowing demand mounted and the sluggish global economy hammered equity markets.
U.S. crude for December delivery was trading down $2.79 to $62.51 a barrel in electronic trading.
Investors have been looking to the world's stock markets for a read on the health of the global economy, and the demand for fuel and other petroleum products that goes along with it.
"It would make sense to watch equities because that's a daily read on economic expectations," said James Williams, president and energy economist at WTRG Economics.
Demand: Concern about falling demand has been a major factor in oil's fall from a record $147.27 a barrel on July 11.
Gasoline prices, which peaked at $4.114 a gallon at the pump a few days later, soon followed. By Thursday, gas prices had declined to a national average of $2.34 a gallon, according to motorist group AAA.
Demand for gasoline was down 3.9% last week, compared to the same period last year, according to MasterCard's weekly survey of gas station credit card swipes.
The U.S. Department of Energy also said that gasoline demand was down 2.3% over the past four months compared to last year.
World declines: Equities around the world resumed their decline Thursday, with stocks in Germany, France and the U.K. falling about 3%, and Japan plummeting more than 6%.
Decisions by the European Central Bank and the Bank of England to cut key interest rates in order to pump cash into the economies of Europe underscored the gravity of the continent's economic downturn.
The ECB cut its key interbank lending rate by one-half percentage point to 3.25%, while Britain's central bank cut rates by 1.5 percentage points to 3%, a much deeper cut than investors had expected.
"There has been a very marked deterioration in the outlook for economic activity at home and abroad," the Bank of England reported in a statement.
Dollar: The rate cuts boosted the dollar against the 15-nation euro, which helped drive down oil prices. Because oil and other commodities are traded in dollars, a rise in the dollar compared to other currencies makes oil more expensive for foreign investors and drives down its dollar-denominated price.
"It's just exactly the opposite of what happened last week when the Fed cut," said Williams.
The Federal Reserve cut its key interest rate last week, weakening the dollar and helping to send oil more than $4 higher.
OPEC said they'd be shutting down production of about a million barrels per day due to decreased demand. wonder what effect that'll have
free market my @
Yep. And from what I've read, most oil producers aren't profitable at $60 a barrel, so they have no choice but to put production on hold until the price goes back up...
$4 by June...radical socialist policies a coming...mark it...its $2.25 here, heard it was $2.09 in Va...buddy e mailed me 2 days ago...the DOW this week looks 6-9 months ahead so there you go...not good.
2018 Z19/200 Optimax 2 stroker 24x3 Fury Ultrex 112
Lowrance HDS 12/9 Lives with AT 2
The oil/gas companies are profitable at $60 a barrel how else would they have run the last 10 years or so before this huge increase last year. They are blowing so much smoke saying they won't be profitable its ridiculus. I've got several friends that work in the oil industry and I've seen the figures on how much the company is making per barrel of oil. They are still going to be profitable even if it would drop to $25 per barrel.
You've got to remember that a lot of the midwests and pacific wests oil comes from Alaska and up north. I know for a fact that oil is being purchased under contract for less than $35 a barrel.
Charlie
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by TR21Bassin »</TD></TR><TR><TD CLASS="quote">The oil/gas companies are profitable at $60 a barrel how else would they have run the last 10 years or so before this huge increase last year. They are blowing so much smoke saying they won't be profitable its ridiculus.
Charlie</TD></TR></TABLE>
Well Said!!! They are full of chit saying they are not profitable at the prices it is now!!!
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Alliston64 »</TD></TR><TR><TD CLASS="quote">
Well Said!!! They are full of chit saying they are not profitable at the prices it is now!!!
I agree! They say it's not profitable at $60 a barrel or less, but what they really mean is that it's not profitable...as it was in July!
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Tmore »</TD></TR><TR><TD CLASS="quote">Man, I would love to see a "1" at the front of our gas prices...still in the $2.30-$2.45 range around Nashville.</TD></TR></TABLE>
$1.98 in Murfreesboro this morning... And I'm below a 1/4 tank, so it's time to fill up on the way home.
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