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Oil hits low for the year

Discussion in 'Anything goes' started by tommyp, Nov 16, 2006.

  1. tommyp

    tommyp Member

    Meanwhile, gas prices in my area have risen 20 cents in the last week. What the fuck is going on here?

    http://money.cnn.com/2006/11/16/markets/oil/index.htm?cnn=yes
     
  2. spup1122

    spup1122 Guest

    It takes awhile for the oil to be processed into gasoline. I expect to see them drop in the next couple of weeks.
     
  3. KYSportsWriter

    KYSportsWriter Well-Known Member

    I hope you're right.
     
  4. Idaho

    Idaho Active Member

    Gas dropped anwhere from .02 to .10 at stations I've seen on my drive to the office this week.

    I was, frankly, stunned.
     
  5. KYSportsWriter

    KYSportsWriter Well-Known Member

    Gas hovering around $2.30 late last week here. Today the station across the street from my apartment is down to $2.23. It's steadily falling, but there'll be another sharp rise between Thanksgiving and Christmas.
     
  6. micropolitan guy

    micropolitan guy Well-Known Member

    Prices at my favorite station in Microville are up .10 this week and .06 in the past three days, and already higher than the so-called national average.
     
  7. tommyp

    tommyp Member

    Exactly my point...in some places it's down, some places it's up? WTF is going on?
     
  8. Mizzougrad96

    Mizzougrad96 Active Member

    Gas has gone up here by about 20 cents since the democrats won... :)
     
  9. slappy4428

    slappy4428 Active Member

    Why do you hate big oilAmerica?
     
  10. steveu

    steveu Well-Known Member

    Hey, it went up to 2.35 in Michigan. It'll probably go down about 20 cents in the next week, with the bulk of that drop coming after Turkey Day.
     
  11. HejiraHenry

    HejiraHenry Well-Known Member

    Hell, I thought it would be $5 a gallon the week after the election, based on what I read here.

    Silly me.
     
  12. Clever username

    Clever username Active Member

    Yeah, it definitely went up where I live. Happened right after the elections, too. Shocker.
     
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