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#612787 08/08/11 10:47 AM
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cle23 Offline OP
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I know this has been talked about thousands of times, but with the market dropping a lrage amount the past few days, and in turn, oil prices as well, I just want to point something out.

When gas was $3 a gallon, oil was $85 per barrell.

Today, gas is $3.50 per gallon, and oil is $83 per barrell.

Something doesn't seem to add up. And I know oil prices don't drop immediately, but oil dropped over 4% on Friday, and prices didn't really change at all over the weekend.

cle23 #612788 08/08/11 10:51 AM
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I met with a leading economist over the weekend and he told me that he expects gas to start falling in a week or so.


yebat' Putin
DCDAWGFAN #612789 08/08/11 10:52 AM
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Is it going to rain gas?

ExclDawg #612790 08/08/11 10:57 AM
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Shut up.


yebat' Putin
DCDAWGFAN #612791 08/08/11 10:57 AM
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Quote:

I met with a leading economist over the weekend and he told me that he expects gas to start falling in a week or so.




Haha, sure you did, Coach.

I say bring on the lower prices. Going to fill up my gas cans.


#gmstrong #gmlapdance
DawgMichelle #612792 08/08/11 11:11 AM
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Wonder if the neighbors would be upset if I buried a 5,000 gallon tank in my yard with a pump in my garage?


We don't have to agree with each other, to respect each others opinion.
FloridaFan #612793 08/08/11 11:16 AM
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Upset? You'd probably be the most popular man in town.


Crowded elevators smell different to short people...
cle23 #612794 08/08/11 01:40 PM
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Might have something to do with the value of our dollar. (or actually, the global "lack" of value in our dollar.)

ExclDawg #612795 08/08/11 01:43 PM
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Quote:

Is it going to rain gas?




only when GM is in a plane.

archbolddawg #612796 08/08/11 01:51 PM
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Quote:

Might have something to do with the value of our dollar. (or actually, the global "lack" of value in our dollar.)




If that was the case though, oil prices would stay high in terms of the dollar. They oil prices are dropping by huge percentages, and gas prices are staying the same and are priced at the same currency.

A weak dollar would cause oil prices to jump as well.

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Is gas lumpy?


I AM ALWAYS RIGHT... except when I am wrong.
GMdawg #612798 08/08/11 04:31 PM
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depends on what you ate.


Crowded elevators smell different to short people...
Flap #612799 08/08/11 08:12 PM
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J/C


At least we don't have to hear the drivel that President Busch, a oil man was driving up the prices.




Sooner or later the truth sinks in to even the densest of us.


If everybody had like minds, we would never learn.

GM Strong




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Ballpeen #612800 08/09/11 03:48 PM
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cle23 Offline OP
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Oil drops yet again. Oil is down $12 per barrel over the last 5 days of trading, yet gas prices have dropped 5 cents.

Makes perfect sense.

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