Just FYI, Crude Oil is down to 126.22 right now. I think it got pretty close to 150 as soon as 2 weeks ago.
It drove up the price yesterday and now there are reports that the storm won't affect the oil supply.I am surprised the storm in the gulf isnt driving it up.
Wok wok wok woooooooooooooooook!Thats good news. However, I still think there will be an excuse to keep the pumps at $4.
ebbie Downer music here:
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It will get there.If it gets down below $60 a barrel, there may be some hope for the economy.
That's my biggest fear. People thinking that "OMG! $3.10 a gallon! Honey, let's go drive the SUV to the mall again!" Que cycle starting all over again.I can still remember when people were asking, can oil really hit $100 per barrel? What effects will it have if it does?
Now we are hoping it drops back down to $100.
Hopefully we have not become seasoned to such high prices that we revert to our old habits when gas goes back down to $3 thinking it is a bargain. I wonder how long and how much prices have to drop before we see prices at the pump fall. I am thinking some owners may keep prices high to make some profit after struggling the last year with constantly increasing costs.
You didn't hear the news??? A dung beatle was attacked by a bee in Zimbabwe and that is expected to drive it back up again.![]()
Well that's no fun.I may seem like a dopey airline pilot, but I have a heavy interest in foreign policy and politics. I just don't argue about it in the lav!![]()