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Oil prices over $42 a barrel
Posted: Tue Jun 01, 2004 5:44 pm
by cycloneye
http://money.cnn.com/2004/06/01/news/in ... tm?cnn=yes
Well no chance for a drop on the pump anytime soon as oil prices are still going up.
Posted: Tue Jun 01, 2004 6:01 pm
by rainstorm
just temporary. economics indicate a glut has to develop soon. and the stock market went up a little today.
Posted: Wed Jun 02, 2004 5:26 am
by cycloneye
Today the prices haved dropped to $41 and let's hope that a down trend happens and the prices at the pump can go down slowly.
Posted: Wed Jun 02, 2004 5:56 am
by rainstorm
the price has to come down. opec is pumping as much as they can as fast as they can to make as much money as they can while the prices are high.
it has to lead to an over-supply.
Posted: Wed Jun 02, 2004 7:24 am
by azsnowman
People, people, people.....we've PROVED to the D*MN oil companies that we Americans will pay ANY PRICE for gas! I mean, look at Europe, prices have been/will remain near $4 a gallon. When I was overseas in 1976, gas back THEN was $2.37 a "LITER", figure THAT one out. The days of CHEAP gas are OVER for all intents and purposes, I'd be willing to BET, that we'll NEVER see the price drop below $1.60 gallon AGAIN! I for one have changed my driving habits and will continue doing so......the days of "Living HIGH on the hog" are over, we might as well get used to it!
Dennis
Posted: Wed Jun 02, 2004 9:07 am
by Derek Ortt
Until SUV's are banned form the interstates, the demand will exceed production, forcing the prices up. Those with SUV's are the ones contrubution, not the oil companies
Posted: Wed Jun 02, 2004 11:55 am
by rainstorm
azsnowman wrote:People, people, people.....we've PROVED to the D*MN oil companies that we Americans will pay ANY PRICE for gas! I mean, look at Europe, prices have been/will remain near $4 a gallon. When I was overseas in 1976, gas back THEN was $2.37 a "LITER", figure THAT one out. The days of CHEAP gas are OVER for all intents and purposes, I'd be willing to BET, that we'll NEVER see the price drop below $1.60 gallon AGAIN! I for one have changed my driving habits and will continue doing so......the days of "Living HIGH on the hog" are over, we might as well get used to it!
Dennis
european prices are high because of taxes, thats why it wont come down there.
1.60 will be no problem.
Posted: Wed Jun 02, 2004 11:56 am
by wx247
Derek Ortt wrote:Until SUV's are banned form the interstates, the demand will exceed production, forcing the prices up. Those with SUV's are the ones contrubution, not the oil companies
LMAO... that is the funniest thing I have ever heard in my life. Let me guess, because I own an SUV, I am a terrorist right.
Get a life!!! LOL!