Oil Hits`$80 USD/bbl, First time ever |
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Oil Hits`$80 USD/bbl, First time ever |
 Sep 12 2007, 04:12 PM
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#1
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 Mods and Rockers  Group: Moderator Posts: 1,083 Joined: 13-August 07 From: West of the Empire State Building Member No.: 16  |
So where's the 3.25+/ gal gasoline we had last year. (I'm not complaining but wondering)
The average national price of a gallon of gas inched higher by 0.1 cent overnight to $2.815, according to AAA This post has been edited by boopme: Sep 12 2007, 04:14 PM |
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Sep 12 2007, 04:34 PM
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#2
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 Venting Enigma Group: Administrators Posts: 1,062 Joined: 8-August 07 From: 65 miles due East of the "Logic Free Zone", in Maryland, USA Member No.: 2 |
Hmmm,
Check the prices of gasoline, and diesel fuel outside the USA today? We pay much less in the USA, and have so for many decades. (Extra taxing aside - tho' some countries tax higher?) I remember the first USA "gas crunch". When those in the USA were carping about high prices and waiting in line, I was rationed to fuel use and paying the equivalent of 2 & 1/2 of the USA prices. What happened to $0.23 USD a gallon fuel of the early '60's? It's an enigma? -------------------- The only easy day was yesterday....
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Sep 12 2007, 07:51 PM
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#3
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 Advanced Venter Group: Members Posts: 162 Joined: 5-September 07 Member No.: 38 |
Inflation has to be accounted in to those old stories of when gas was 5 cents a gallon(they only made 5 cents a hour but still gas was ONLY 5 cents a gallon)
That refinery that returned back on line, maybe thats the reason. It was said gas is even on its way down. This post has been edited by cowsgonemadd3: Sep 13 2007, 08:39 AM -------------------- "The fool hath said in his heart, 'There is no God'" (Psalm 14:1; 53:1)
"The heavens declare the glory of God; and the firmament sheweth his handywork" (Psalms 19:1) If you were to die today where would you go? Learn how to go to heaven today click here! Have a look at some of the videos I have made on Metacafe! -Austin Z If we are what we eat then I am fried,greasy and 99 cents.(nah I eat healthy most of the time) |
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Sep 12 2007, 09:49 PM
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#4
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Mods and Rockers Group: Moderator Posts: 1,083 Joined: 13-August 07 From: West of the Empire State Building Member No.: 16 |
Oh I know we pay less and I remember last summer someone from England told me they were paying almost 2 a litre when we (USA) were at 3+ a gallon. Another in Norway I think were near 3 /litre.
I'm griping about all the stories we are told to justify it. Such as... Despite Wednesday's jump, oil is still well below inflation-adjusted highs hit in early 1980. Depending on the adjustment, a $38 barrel of oil in 1980 would be worth $96 to $101 or more today. --- Ohhhhh so we're lucky it's soooo cheap,thank you. I personally feel it wiil come down a lot and soon as OPEC says they are going to increase producted even tho' they now have a surplus. This post has been edited by boopme: Sep 12 2007, 09:50 PM |
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Sep 13 2007, 01:22 AM
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#5
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Venting Enigma Group: Administrators Posts: 1,062 Joined: 8-August 07 From: 65 miles due East of the "Logic Free Zone", in Maryland, USA Member No.: 2 |
I disagree - fuels in USA will drastically climb in the next twelve months.
Be prepared to spend much more on all products. -------------------- The only easy day was yesterday....
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Sep 13 2007, 03:45 PM
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#6
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Mods and Rockers Group: Moderator Posts: 1,083 Joined: 13-August 07 From: West of the Empire State Building Member No.: 16 |
Interesting, I know they want to keep it running up. There's a tremendous surplus of Ethanol in Brazil.
Oil Settled at 80.09 today |
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Sep 13 2007, 04:37 PM
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#7
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Venting Enigma Group: Administrators Posts: 1,062 Joined: 8-August 07 From: 65 miles due East of the "Logic Free Zone", in Maryland, USA Member No.: 2 |
CGM3?
I cannot find any reference to 5 cent a gallon gasoline going back on the web to 1923. 15.4 cents -------------------- The only easy day was yesterday....
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Oct 7 2007, 08:39 PM
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#8
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 Advanced Venter Group: Members Posts: 154 Joined: 13-August 07 From: NEO Member No.: 14 |
Oil hit $80 back in the 80s. http://www.manicore.com/anglais/documentat.../oil_price.html
(What cost $80 in 1981 would cost $188.73 in 2006.) http://www.westegg.com/inflation/ -------------------- |
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Oct 7 2007, 10:07 PM
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#9
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Advanced Venter Group: Members Posts: 162 Joined: 5-September 07 Member No.: 38 |
Hey the 5 cents thing was just something I may or may not have heard from my poppa when things were cheap but you had NO money lol. Yeah I read it never was that low.
-------------------- "The fool hath said in his heart, 'There is no God'" (Psalm 14:1; 53:1)
"The heavens declare the glory of God; and the firmament sheweth his handywork" (Psalms 19:1) If you were to die today where would you go? Learn how to go to heaven today click here! Have a look at some of the videos I have made on Metacafe! -Austin Z If we are what we eat then I am fried,greasy and 99 cents.(nah I eat healthy most of the time) |
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Oct 9 2007, 07:03 PM
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#10
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Advanced Venter Group: Members Posts: 154 Joined: 13-August 07 From: NEO Member No.: 14 |
This may seem like a dumb question about the price per barrel of oil, but how does one check this daily? I tried looking on Google Finance. What do you search for? "Oil" yields companies.
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Oct 9 2007, 07:10 PM
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#11
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Mods and Rockers Group: Moderator Posts: 1,083 Joined: 13-August 07 From: West of the Empire State Building Member No.: 16 |
The simplest way is bookmark Bloomberg . Scroll down on the right to COMMODITY FUTURES. Oil and gold are almost always listed. If not or for more just click on the COMMODITY FUTURES and a list of commodities will come up.
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Oct 9 2007, 07:47 PM
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#12
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Advanced Venter Group: Members Posts: 154 Joined: 13-August 07 From: NEO Member No.: 14 |
Cool thanks!
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Oct 9 2007, 08:02 PM
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#13
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Mods and Rockers Group: Moderator Posts: 1,083 Joined: 13-August 07 From: West of the Empire State Building Member No.: 16 |
You're welcome yano
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Oct 15 2007, 02:06 PM
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#14
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Mods and Rockers Group: Moderator Posts: 1,083 Joined: 13-August 07 From: West of the Empire State Building Member No.: 16 |
Crude hit 86.17 /bbl today at the close at 2:30 EDT on NY mercantile exchange. The first time it ever passed 86.00.
Based on fears the Turks may attack bases in Iraq. QUOTE Today's intraday high passed the previous all-time inflation-adjusted record reached in 1981 when Iran cut oil exports. The cost of oil used by U.S. refiners averaged $37.48 a barrel in March 1981, according to the Energy Department, or $84.73 in today's dollars. Bloomberg |
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Nov 7 2007, 01:48 PM
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#15
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Venting Enigma Group: Administrators Posts: 1,062 Joined: 8-August 07 From: 65 miles due East of the "Logic Free Zone", in Maryland, USA Member No.: 2 |
$100 ++?
-------------------- The only easy day was yesterday....
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