Gas Prices!!!!

blkgagt · 09-14-2006, 09:26 PM

http://www.netscape.com/viewstory/20...%2F&frame=true

Gasoline Could Drop to $1.15/Gallon
By Richard Gardner
Probably not as that is the lower end of the estimate, but a well-respected oil industry analyst says expect gas prices to plunge. Oil prices are more than the basic supply and demand curves, including future expectations such as unrest in oil producing regions and hurricanes in the Gulf of Mexico.

The recent sharp drop in the global price of crude oil could mark the start of a massive sell-off that returns gasoline prices to lows not seen since the late 1990s — perhaps as low as $1.15 a gallon.

“All the hurricane flags are flying” in oil markets, said Philip Verleger, a noted energy consultant who was a lone voice several years ago in warning that oil prices would soar. Now, he says, they appear to be poised for a dramatic plunge.

Crude-oil prices have fallen about $14, or roughly 17 percent, from their July 14 peak of $78.40. After falling seven straight days, they rose slightly Wednesday in trading on the New York Mercantile Exchange, to $63.97, partly in reaction to a government report showing fuel inventories a bit lower than expected. But the overall price drop is expected to continue, and prices could fall much more in the weeks and months ahead.

That would be nice.

R.C.

lone_wolf025 · 09-14-2006, 09:29 PM

Gas for less than $2/gallon??? JIMNEY JILICKERS BATMAN!!!!!

Phuxed · 09-14-2006, 09:31 PM

Damn, that would be nice, especially since I've been rackin up Speedy Rewards points

But I'm not counting on it...would hate to get disappointed.

blkgagt · 09-14-2006, 09:33 PM

^^^^

ya, I just got on the net and that popped up, so I thought I would share.

stangdude · 09-14-2006, 09:37 PM

I'm waiting for the $2.00/gal to start getting excited (isn't that sad, excited over $2.00/gal?) I live in IL, close to MO and find it worth it to drive across the river 5mi out of my way to Perryville, MO where it's $2.11/gal as opposed to $2.45 where I live.

lone_wolf025 · 09-14-2006, 09:40 PM

IL is

. Too many stupid rules and too much tax.

blkgagt · 09-14-2006, 09:41 PM

Ya, I hear you on that one. I live in mid Missouri and it is $2.24. But ya, that would be really cool, I wonder if it does get close to that price, how long it will stay there?

lone_wolf025 · 09-14-2006, 09:44 PM

Til the investors find some other reason to jack up the prices.

Mirage85 · 09-15-2006, 06:44 AM

I dont think we will ever see it below $2 a gallon again.

pyro · 09-15-2006, 06:59 AM

Quote:

Originally Posted by lone_wolf025

Til the investors find some other reason to jack up the prices.

SpyhunteR · 09-15-2006, 03:26 PM

I'm waiting until REBEL 100 fuel goes down from $5 a gallon down to $4... that'd be SWEEEEET

caraudiodave · 09-15-2006, 05:28 PM

its still $2.70/gal in my area. some stations are still over $3/gal. it wont hit $2 here, but im leaving soon, hopefully i will get to enjoy the low prices on NJ before they go back up again.

Panacea · 09-15-2006, 05:51 PM

Just paid $2.19 for 89 in Iowa yesterday.

lone_wolf025 · 09-15-2006, 06:35 PM

I just saw the same gas pump drop 10 cents in a day. I filled up yesterday at $2.85 and now its $2.75. I could've saved a whole dollar and change!

pyro · 09-15-2006, 07:05 PM

wait a sec...so you guys are...let me get this straight...paying different prices for gas in different parts of the country? this is news to me!

/sarcasm

Sleepwalkr · 09-15-2006, 07:23 PM

"Gasoline Could Drop to $1.15/Gallon"

Yeah. And right after that, Jessica Simpson, Alyssa Milano, and every girl who's ever been on Baywatch is gonna storm into my house butt-naked and jump on top of me while the original line-up's of Led Zeppelin and The Beatles play a concert in my back yard........all in celebration of me having just won the $165 million Powerball.

lone_wolf025 · 09-15-2006, 07:38 PM

Really?? Can I come and party too???

crazypontiac03 · 09-15-2006, 07:55 PM

Yea, ok I'll believe that when i see 1.15 at the pump. back to reality its 2.65.

IL does Suck.

pyro · 09-15-2006, 11:04 PM

Quote:

Originally Posted by Sleepwalkr

"Gasoline Could Drop to $1.15/Gallon"

Yeah. And right after that, Jessica Simpson, Alyssa Milano, and every girl who's ever been on Baywatch is gonna storm into my house butt-naked ~~and jump on top of me~~ while the original line-up's of Led Zeppelin and The Beatles play a concert in my back yard........all in celebration of me having just won the $165 million Powerball.

im going to hold you to that, and make sure its filmed

better yet, make it my house and me winning the lottery...then again if gas is that cheap theres no point of winning...nothing to spend the money on..

blkgagt · 09-15-2006, 11:41 PM

TRUE!!!! Like everone has said, I don't ever seeing it going down past $2. I remember the day my friend calling me pissed off because it went over $2, and that was less that two years ago. I am just 18 now, when I started driving I paid $1.69 for gas, amazing isn't it,

.

09-14-2006, 09:26 PM	#1
blkgagt 99BLKGAGT Join Date: Feb 2006 Location: Fulton Missouri Age: 32 Posts: 76 Vehicle: 1999 Grand Am GT Coupe	Gas Prices!!!! http://www.netscape.com/viewstory/20...%2F&frame=true Gasoline Could Drop to $1.15/Gallon By Richard Gardner Probably not as that is the lower end of the estimate, but a well-respected oil industry analyst says expect gas prices to plunge. Oil prices are more than the basic supply and demand curves, including future expectations such as unrest in oil producing regions and hurricanes in the Gulf of Mexico. The recent sharp drop in the global price of crude oil could mark the start of a massive sell-off that returns gasoline prices to lows not seen since the late 1990s — perhaps as low as $1.15 a gallon. “All the hurricane flags are flying” in oil markets, said Philip Verleger, a noted energy consultant who was a lone voice several years ago in warning that oil prices would soar. Now, he says, they appear to be poised for a dramatic plunge. Crude-oil prices have fallen about $14, or roughly 17 percent, from their July 14 peak of $78.40. After falling seven straight days, they rose slightly Wednesday in trading on the New York Mercantile Exchange, to $63.97, partly in reaction to a government report showing fuel inventories a bit lower than expected. But the overall price drop is expected to continue, and prices could fall much more in the weeks and months ahead. That would be nice. R.C.

09-14-2006, 09:37 PM	#5
stangdude car guy AKA: Cory Join Date: Dec 2003 Location: Sparta, IL Age: 40 Posts: 249 Vehicle: 2007 Ford Mustang GT	I'm waiting for the $2.00/gal to start getting excited (isn't that sad, excited over $2.00/gal?) I live in IL, close to MO and find it worth it to drive across the river 5mi out of my way to Perryville, MO where it's $2.11/gal as opposed to $2.45 where I live. __________________ http://www.cardomain.com/ride/415893 Traded the car and still have parts for sale! PM or email for more info

09-15-2006, 06:44 AM	#9
Mirage85 MMMMM, BEER, GRRGGHH Join Date: Mar 2006 Location: Home = Knox, Pa: Live / Work= Edison, NJ Age: 38 Posts: 1,116 Vehicle: 2005 Grand Am GT Coupe	I dont think we will ever see it below $2 a gallon again. __________________ Mirage Cardomain

09-15-2006, 03:26 PM	#11
SpyhunteR #1 hater AKA: Rob Join Date: Aug 2002 Location: Las Vegas Age: 38 Posts: 4,968 Vehicle: 01' 2.4T GA / 08 TBSS	I'm waiting until REBEL 100 fuel goes down from $5 a gallon down to $4... that'd be SWEEEEET __________________ Hey kids going to Vegas? Let me help you help me help you! Shoot me an email or PM for all your Vegas Night Club bottle hallucinations & strip club desires! FACEBOOKFACE! "Understeer is when you hit the wall with the front of the car and oversteer is when you hit the wall with the rear of the car. Horsepower is how fast you hit the wall, torque is how far you take the wall with you."

09-15-2006, 05:28 PM	#12
caraudiodave Boring old man AKA: Dave Join Date: Sep 2005 Location: Wood ranch, ca Age: 41 Posts: 2,172 Vehicle: '13 Camry hybrid	its still $2.70/gal in my area. some stations are still over $3/gal. it wont hit $2 here, but im leaving soon, hopefully i will get to enjoy the low prices on NJ before they go back up again. __________________ 2013 Toyota Camry hybrid: Pioneer AVIC-8000NEX, Phoenix Gold ZPA0.3 (300 x 2), Phoenix Gold ZPA0.3 (300 x 2), Phoenix Gold ZPA0.5 (1000 x 1), Dynaudio MD100 (1" tweeters), Dynaudio MW160 (6.5" mids), Eclipse SW8812 (12" aluminum cone subwoofer)

09-14-2006, 09:33 PM	#4
blkgagt 99BLKGAGT Join Date: Feb 2006 Location: Fulton Missouri Age: 32 Posts: 76 Vehicle: 1999 Grand Am GT Coupe	^^^^ ya, I just got on the net and that popped up, so I thought I would share.

09-14-2006, 09:41 PM	#7
blkgagt 99BLKGAGT Join Date: Feb 2006 Location: Fulton Missouri Age: 32 Posts: 76 Vehicle: 1999 Grand Am GT Coupe	Ya, I hear you on that one. I live in mid Missouri and it is $2.24. But ya, that would be really cool, I wonder if it does get close to that price, how long it will stay there?

09-15-2006, 05:51 PM	#13
Panacea Mmmm Donuts. AKA: Macleod52 Join Date: Mar 2003 Location: Rock Island, IL Age: 40 Posts: 3,160 Vehicle: '09 Malibu LTZ	Just paid $2.19 for 89 in Iowa yesterday. __________________ "Never argue with idiots. They bring you down to their level, and beat you with experience."

09-15-2006, 07:05 PM	#15
pyro mAUDIrator AKA: Jeremy Join Date: May 2005 Location: Wesley Chapel, FL Age: 34 Posts: 3,837 Vehicle: '05 A4 1.8T	wait a sec...so you guys are...let me get this straight...paying different prices for gas in different parts of the country? this is news to me! /sarcasm __________________ They can come closer than close, yeah...original they never will be. Florida Members...CLICK HERE

09-15-2006, 07:23 PM	#16
Sleepwalkr misunderstood AKA: Jason Join Date: Aug 2002 Location: Peyton, CO Posts: 1,244 Vehicle: 2000 GT Coupe	"Gasoline Could Drop to $1.15/Gallon" Yeah. And right after that, Jessica Simpson, Alyssa Milano, and every girl who's ever been on Baywatch is gonna storm into my house butt-naked and jump on top of me while the original line-up's of Led Zeppelin and The Beatles play a concert in my back yard........all in celebration of me having just won the $165 million Powerball. __________________

09-15-2006, 07:55 PM	#18
crazypontiac03 MiDnIgHt AKA: Jason/Sparky Join Date: Oct 2003 Location: IL Age: 37 Posts: 3,019 Vehicle: 2008 HHR/05 Galant	Yea, ok I'll believe that when i see 1.15 at the pump. back to reality its 2.65. IL does Suck. __________________ Ashes to ashes, dust to dust, if it wasn't for FORD's our tools would rust! "Unions were the rise and will be the fall of this Great Nation" "A simple way to take measure of a country is to look at how many want in... And how many want out." Only two defining forces have ever offered to die for you: 1. Jesus Christ 2. The American G. I. One died for your soul, the other for your freedom. -Tony Blair

09-15-2006, 11:41 PM	#20
blkgagt 99BLKGAGT Join Date: Feb 2006 Location: Fulton Missouri Age: 32 Posts: 76 Vehicle: 1999 Grand Am GT Coupe	TRUE!!!! Like everone has said, I don't ever seeing it going down past $2. I remember the day my friend calling me pissed off because it went over $2, and that was less that two years ago. I am just 18 now, when I started driving I paid $1.69 for gas, amazing isn't it,.

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