jcrome04 Posted November 20, 2008 Share Posted November 20, 2008 This is awesome...... prices have just plumeted in 4 months back down to what it was 4 years ago :) I remember when I bought my first 91 LS400 and filled it up at a Costco for $2.16 a gallon thinking, it can't get any higher than this!! haha Oh boy was I wrong! Quote Link to comment Share on other sites More sharing options...
JENunnez Posted November 20, 2008 Share Posted November 20, 2008 Wow barrel of oil under $50.00, cool! But DOW just keeps sinking, not good. $2.39 for premium. Quote Link to comment Share on other sites More sharing options...
dcfish Posted November 21, 2008 Share Posted November 21, 2008 $1.69 .... Quote Link to comment Share on other sites More sharing options...
smooth1 Posted November 21, 2008 Share Posted November 21, 2008 $1.69 .... Alright dc, that's quite enouph! From now on, you have to post a pic of the gas station signs. LOL!! Quote Link to comment Share on other sites More sharing options...
eatingupblacktop Posted November 21, 2008 Share Posted November 21, 2008 Guess it's time to dust off the 4runner, slap on those mudders, fill up the tank and head for the bush, in search of the perfect Christmas tree. Heck, at these prices, could go out there every weekend until I find the right one! Quote Link to comment Share on other sites More sharing options...
dcfish Posted November 21, 2008 Share Posted November 21, 2008 $1.68 on my way home tonite, Smooth, I'll try to remember to bring my camera :D Quote Link to comment Share on other sites More sharing options...
SW03ES Posted November 21, 2008 Share Posted November 21, 2008 RX is right guys, its great to have low gas prices for a change but we're suffering...and will suffer...in so many other ways as a result of all of this I'm not sure we should be celebrating... Quote Link to comment Share on other sites More sharing options...
eatingupblacktop Posted November 21, 2008 Share Posted November 21, 2008 Steve, not to worry, just being a bit sarcastic. ;) If everyone responded the way I described, it wouldn't be long before the renewed demand would swing prices in the other direction. I think, in a matter of speaking, that we're somewhat lucky that the sputtering economy has pulled everyone back from over consumption of most everything. Prices this holiday season should be very attractive as retailers do everything they can to bring shoppers into their stores. Of course, if prolonged, this could lead to serious deflation/recession. There has to be a happy balance in the equation. This isn't likely to happen until the financial markets are stabilized and the pending auto industry disaster is resolved. Looks like oil is going to slide to below $40. Too bad we can't enjoy this situation the way we'd like to. Say, a 2 week road trip across America. In a Lexus of course. Quote Link to comment Share on other sites More sharing options...
djspawn00 Posted November 21, 2008 Share Posted November 21, 2008 If what I heard about tankers being diverted away from the suez canal and around africa... be prepared to dig deep into those pockets again... Quote Link to comment Share on other sites More sharing options...
eatingupblacktop Posted November 21, 2008 Share Posted November 21, 2008 Interesting that. Normally it wouldn't take much of an international incident for oil to spike. Seems this time, it's like it never happened. Also there are reports that tankers are in short supply because they're all being used for storage. Strange days ahead. We should get used to expecting the unexpected. Quote Link to comment Share on other sites More sharing options...
nc211 Posted November 21, 2008 Share Posted November 21, 2008 the reason why the price keeps falling, even in light of recent international events, is because the speculators that drove it up last summer, are gone now. there could be just one gallon of oil left in the world, but if nobody is willing to buy it, it'd still be worthless, no matter what supply and demand was. this was the case in July. supply and demand weren't out of whack "as being reported", the hedge funds were fleeing into oil to try and recoup their losses taken from the real estate side. and were manipulating the reports and market to get it as high as possible. this week's barrons magazine says this exact same thing. hedge funds have been pretty much wiped out over the past 60 days, so the speculators have pretty much left the field. most have taken their profits and run away to wait this out, while others got wiped out altogether. Quote Link to comment Share on other sites More sharing options...
dcfish Posted November 22, 2008 Share Posted November 22, 2008 $1.61 I'll get a camera............. Quote Link to comment Share on other sites More sharing options...
jcrome04 Posted November 24, 2008 Share Posted November 24, 2008 PICS OR IT DIDN'T HAPPEN! B) hahaha Quote Link to comment Share on other sites More sharing options...
dcfish Posted November 24, 2008 Share Posted November 24, 2008 OK, I'll take a pic :P Quote Link to comment Share on other sites More sharing options...
JENunnez Posted November 24, 2008 Share Posted November 24, 2008 $2.23 Premium Quote Link to comment Share on other sites More sharing options...
nc211 Posted November 24, 2008 Share Posted November 24, 2008 I filled up the family hauler this weekend (4runner) for $45 bucks. When I looked at the ticket, I was pleased, even more so when I saw I was paying $2.19/gl. I thought "well, it's doable", then I realized I was filling it up with premium "it doesn't require it, doesn't run any different", and was actually ok with it! We're at $1.89 around here for regular, and falling! :D Quote Link to comment Share on other sites More sharing options...
ArmyofOne Posted November 25, 2008 Share Posted November 25, 2008 I filled up the family hauler this weekend (4runner) for $45 bucks. When I looked at the ticket, I was pleased, even more so when I saw I was paying $2.19/gl. I thought "well, it's doable", then I realized I was filling it up with premium "it doesn't require it, doesn't run any different", and was actually ok with it! We're at $1.89 around here for regular, and falling! :D Today, I drove pass the AAFES Gas Station (uses HESS gas) here on fort drum on my way to work at 0900hrs (9AM) and regular was $2.23/gal. at 1700 hrs (5PM) i drove home, and it was $2.13 a gallon! HOLY CRAP $.10 in a day! Thats Awesome! I wish we were below $2. that would be awesome. Quote Link to comment Share on other sites More sharing options...
smooth1 Posted November 25, 2008 Share Posted November 25, 2008 I saw 1.75 at a Shell today! Quote Link to comment Share on other sites More sharing options...
jcrome04 Posted November 25, 2008 Share Posted November 25, 2008 $1.95 for reg where my gf lives. Quote Link to comment Share on other sites More sharing options...
SW03ES Posted November 26, 2008 Share Posted November 26, 2008 We're driving the Prius to NJ for Thanksgiving and I got it washed and gassed it up tonight, $1.80/gal. Filled it up for $16! That will get us to NJ and back!, 500 miles. I filled up the Lexus today too for $34, it was costing upwards of $70. Wild... Quote Link to comment Share on other sites More sharing options...
dcfish Posted November 26, 2008 Share Posted November 26, 2008 Here is the pudding............... Quote Link to comment Share on other sites More sharing options...
nc211 Posted November 26, 2008 Share Posted November 26, 2008 Here is the pudding............... Am I glad I quit smoking years ago! Quote Link to comment Share on other sites More sharing options...
Alexander the o.k. Posted November 26, 2008 Share Posted November 26, 2008 That pic will probably prove to be the low water mark. What part of the country? Not near NoVa or DC I'll wager. We're still at about 1.87/reg and it just dropped from 1.99. Mid grade is $2.01. Quote Link to comment Share on other sites More sharing options...
smooth1 Posted November 26, 2008 Share Posted November 26, 2008 Here is the pudding............... dc............U da man! B) Quote Link to comment Share on other sites More sharing options...
dcfish Posted November 26, 2008 Share Posted November 26, 2008 Here is the pudding............... dc............U da man! B) B) I'll carry my camera with me from now on Quote Link to comment Share on other sites More sharing options...
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