The Interpreter Posted December 18, 2008 Share Posted December 18, 2008 Even in the face of impending threatened OPEC production cuts, crude oil settled US$3.84 lower at US$36.22 a barrel today, the lowest in four and a half years. Quote Link to comment Share on other sites More sharing options...
Beast1979 Posted December 19, 2008 Share Posted December 19, 2008 The BP on Pfieifer fell to 1.49 a gallon a few weeks ago, then went back up to 1.79 a gallon last week, and now it's down to 1.69 a gallon. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 19, 2008 Share Posted December 19, 2008 And today, crude oil sank even further, closing at US$33.87 a barrel, some US$2.35 lower--the lowest settle price since February 2004. Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted December 20, 2008 Share Posted December 20, 2008 Bye Bye Dubai! I tell ya, this is a very good Christmas seeing the oil nations falter. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 25, 2008 Share Posted December 25, 2008 Oil today plummeted 9.3% - among the largest drops ever - to US$35.35 a barrel as worsening economy signals contraction of energy demand. Some say the US$35 AND US$30 levels may be tested by year's end. Many expect a rebound in oil prices early next year. Quote Link to comment Share on other sites More sharing options...
tigellinus Posted December 25, 2008 Share Posted December 25, 2008 ^^Well, a rebound is happening eventually...what goes down, must go back up! Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 27, 2008 Share Posted December 27, 2008 Gas Prices Hit Five Year Low: http://money.cnn.com/2008/12/27/news/economy/gas_prices/ We're saving $1 billion a day on gasoline: http://www.freep.com/article/20081227/BUSINESS06/812270370 Since Mr. Kinzel was so insistent that high gas prices would help the parks (and he seems to have been right), will low gas prices paradoxically hurt Cedar Fair and Six Flags (if there even is a Six Flags under current management by next summer)? Quote Link to comment Share on other sites More sharing options...
Tomkatt7 Posted December 28, 2008 Share Posted December 28, 2008 I just came home from the corner station, and gas was lower than I've seen it in a long long time. $1.39/gallon. Hope this continues, but I'm sure it won't last..... I just wish I had some sort of mass storage tank, so I could buy enough now, to get me through the summer. You know it will be back up to 4.00/gallon + this summer Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 28, 2008 Share Posted December 28, 2008 Few realize it, but gasoline formulas change with the seasons. Come summer, you'd have severe drivability problems using winter gas...not to mention winter gas pollutes more! Also, gasoline has a shelf life...as the fuel got that old, you'd also likely encounter problems with your fuel injectors and with combustibility. Quote Link to comment Share on other sites More sharing options...
Tomkatt7 Posted December 28, 2008 Share Posted December 28, 2008 I know the formula's are different, but I don't know what the differences are....More ethanol in the summer? I know the winter stuff has a brown tint to it, and in summer it is much more clear, almost watery.... Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted December 28, 2008 Share Posted December 28, 2008 http://www.theoildrum.com/story/2006/9/13/234043/431 In short: ...There are two very important (although not the only) specifications that need to be met for each gasoline blend. The gasoline needs to have the proper octane, and it needs to have the proper Reid vapor pressure, or RVP. While the octane of a particular grade is constant throughout the year, the RVP spec changes as cooler weather sets in..... Winter gasoline blends are phased in as the weather gets cooler. September 15th is the date of the first increase in RVP, and in some areas the allowed RVP eventually increases to 15 psi. This has two implications for gasoline prices every fall. First, as noted, butane is a cheaper blending component than most of the other ingredients. That makes fall and winter gasoline cheaper to produce. But butane is also abundant, so that means that gasoline supplies effectively increase as the RVP requirement increases. Not only that, but this all takes place after summer driving season, when demand typically falls off.... Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted January 26, 2009 Share Posted January 26, 2009 US Gasoline Prices Continue Steady Rise: http://uk.reuters.com/article/businessIndu...E50O1T120090125 Quote Link to comment Share on other sites More sharing options...
tigellinus Posted January 26, 2009 Share Posted January 26, 2009 ^^In Indianapolis they have been fluctuating...granted they're not near the $1.30 price anymore, but they still have yet to break $2.00 here. I believe the last time they were under $1.50 was just right after Christmas, and since then they've averaged $1.80. It seems the cycle is they start low at around $1.70, quickly climb to $1.90, climb to $1.99, then go back low to $1.70...where the prices end nobody knows (so to speak), but anything under $2 is perfectly fine with me. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted January 27, 2009 Share Posted January 27, 2009 Today, crude oil settled down US$4.15 to US$41.58 a barrel. Economic reports raising demand concerns were cited as the primary reason. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 16, 2009 Share Posted February 16, 2009 Low Oil Prices Not Translating To Low Gasoline Prices: http://www.usatoday.com/money/industries/e...as-prices_N.htm Quote Link to comment Share on other sites More sharing options...
tigellinus Posted February 16, 2009 Share Posted February 16, 2009 Low Oil Prices Not Translating To Low Gasoline Prices: http://www.usatoday.com/money/industries/e...as-prices_N.htm Yeah, CNN said the US refineries are intentionally cutting refining to inflate prices. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 16, 2009 Share Posted February 16, 2009 A more in-depth explanation of why Cheaper Crude Doesn't Mean Cheaper Gasoline (this time). Subhead: What we pump is made of foreign oil, not the benchmark Texas crude: http://www.startribune.com/nation/39648237...Unciaec8O7EyUsl Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 16, 2009 Share Posted February 16, 2009 Gasoline Prices Climb Towards $2: http://www.bizjournals.com/cincinnati/stor.../16/daily5.html Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted June 29, 2009 Share Posted June 29, 2009 Today, oil closed at $71.49 barrel, up $2.33...purportedly on supply concerns precipitated by situation in Nigeria, concerns with strength of US Dollar, possible inflation concerns.... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.