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11-24-2008, 10:49 PM
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We're at $1.68 too!! Yes!
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11-25-2008, 08:26 AM
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Have to wait until next Monday since speculators raise futures about 4.00 dollars. I don't expect it to hold and fall faster in December since we are in a depression and people will not be buying much for the holidays and expected travel will be further drop compared to the last five years.
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11-25-2008, 09:53 AM
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Please realize that while price per barrel does eventually reflect in the price at the pump it is not an immediate effect. It can take months for oil purchased at $50 a barrel to arrive at the gas pump. I believe we will continue to see a drop at the pump based on price per barrel and also based on current demand. Good for all unless you are an oil trader.
Ben Raines
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11-25-2008, 10:21 AM
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Not disagree based on true principles of the future market but that is not case anymore. It is done in matter of days. More like the daily gold market approach. 
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11-25-2008, 01:54 PM
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Surprising move today on the oil futures: -- Oil settles down $3.73 at $50.77 a barrel as economic concerns weigh on market
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11-25-2008, 04:27 PM
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I would say that is true on the uptick of oil futures, increase is passed on quickly. I would say that on the downside it does not travel as quickly or as deeply.
Ben Raines
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"If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties." Sir Francis Bacon
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11-25-2008, 11:23 PM
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still at 1.49
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11-26-2008, 08:23 AM
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1.83 this morning.... 
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11-26-2008, 08:33 AM
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I wish my gas was down to $1.60 or less per gallon. Here in Maryland I am paying $2.24 per gallon for mid-grade at the pumps and even that price fluctuates depending on what station I buy my gas at. Personally, I hope that the prices continue to fall, but realisticly, I see gas prices possibly on the rise once 20 January has come and gone. It really is all a gamble at this point I think. Just my opinion.
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11-26-2008, 08:43 AM
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I'm in agreement with you Keith on the gas prices rising once again after the swear in ceremony.
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