OIL prices falling!!

[300UGUY]

$3.79 here in Livingston county, Michigan. We consistently have higher prices than Detroit, Lansing or Ann Arbor. Something about not much competition.

 

[Bird]

So two days ago, I paid $3.259 and today $3.199. I'll have to admit I'm surprised it' gone that low, and I won't be a bit surprised when it starts back up. Of course school starts in my area a week from tomorrow so maybe they expect vacation time to lower demand.

 

[Western]

That's a good price Bird, cheaper than anything I've seen in the metro mess!!!!

 

[Chuck52]

I filled my truck at $3.39 about a week ago. The next day it was $3.29....of course. Then, for a day or so it was $3.19, but by the time I thought about at least filling my cans it was back up to $3.29. If there were a way to harness the power of the jumping prices, we could be energy independent.

Chuck

 

[Bird]

That's a good price Bird, cheaper than anything I've seen in the metro mess!!!!

Dennis, those prices are the Circle K and QuikTrip on Swisher Rd. at I-35E and the Walmart a block or so east of them. Five miles north at that QuikTrip and the old Denton Walmart, prices are 10 to 15 cents higher.

 

[Western]

Just on the news. (FBN) Crude oil down 38%, gas down only 9%.

Something seem wrong with this picture to you, does to me! Could retail be taking us for a ride?? nah

 

[schoolsout]

Just on the news. (FBN) Crude oil down 38%, gas down only 9%.

Something seem wrong with this picture to you, does to me! Could retail be taking us for a ride?? nah

make note of whether it is WTI or Brent
Brent is what most pricing is based off of as that is what the world uses, for the most part.

 

[MoKelly]

Oil is approx. $83 barrel today and gas prices are about $3.30 gallon.

Oil was $100 plus a barrel back in early 2008 an dwe never got close to $3 gallon gas.

So, something just does not seem right.

MoKelly

 

[schoolsout]

Brent is over $100/bbl

 

[MoKelly]

Brent is over $100/bbl

Light, sweet crude is at $83. I am no expert but I doubt Lybia oil is from the North Sea.

Your point is well taken, however, since my understanding is Brent is the proxy for 2/3rds of the worlds oil.

MoKelly