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Here comes $100 oil, and $3 gasoline - Oct. 26, 2007 »

Posted by: engineer 10 months, 1 week ago

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With oil prices setting records over $90 a barrel - and $100 looking ever more likely - experts say there's a good chance drivers will see $3 gasoline before the end of the year. "Three dollar gasoline in this market is unavoidable," said Stephen Schork, publisher of the industry newsletter the Schork Report. "At this rate, we're

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engineer10 months, 1 week ago

Three dollar gasoline in this market is unavoidable," said Stephen Schork, publisher of the industry newsletter the Schork Report. "At this rate, we're going to see $4 a gallon."
Experts say $90 oil will likely mean $3 gas soon.
Here comes $100 oil, and $3 gas
Oil surges after surprise inventory drop
Alaska gets tough on Big Oil
ConocoPhillips earnings fall 5%
Crude oil prices have soared nearly 30 percent over the last month, mainly over fears that supply won't meet demand, a falling U.S. dollar, and what some say is a high degree of speculative investment money.
But so far drivers have been lucky. The national average price for gasoline has risen barely one cent, going from $2.81 last month to $2.82 this month, according to the motorist organization AAA, although in many areas of the country gasoline is already over $3.
Analysts have said the relatively stable gasoline price is due to slack demand following the high-demand summer driving season.
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texangelwings10 months, 1 week ago

"surprise inventory drop."? wonder who is doing their inventory checks? Sounds like an audit is in order!
Gasoline in Alaska's low price according to; http://www.gasbuddy.com/ is $2.99 a gal.
We will probably be lucky if gasoline isn't $4 a gal. by years end!
Thanks engineer, good article!
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  bumbaklotartattack10 months, 1 week ago
  
  Ramirez added that world oil markets are well supplied with petroleum inventories above average, reiterating suggestions earlier this week that OPEC is not likely to hike output to calm record-high prices.
  http://in.reuters.com/article/businessNews/idIN...
  The big oil companies and politicians wouldn't lie to the working-class, would they?
  edit: i accidentally gave you a negative vote. sorry.
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bumbaklotartattack10 months, 1 week ago

Mmmmm, can't wait till I have to get that third and fourth job to pay my bills. Land of the free, home of the brave!

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Justice4All10 months, 1 week ago

Would you share the location of these "trillions of barrels of oil" with the rest of us?
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  Justice4All10 months, 1 week ago
  
  I'll ask again. The last link said nothing.
  Would you share the location of these "trillions of barrels of oil" with the rest of us?
  
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browntiger10 months, 1 week ago

Another repuke liar.
What 7 month supply of oil in alaska burning hole in your wallet. And than what? Despite Faux news we are drilling in the gulf.
What exactly you blaming democrats for. We have oil barons in the WhiteHouse, so why is anyone so surprised.
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architekker10 months, 1 week ago

Joe Sixpack, you got my vote! Voting dumbocrap is definately gay!
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palamaComment removed: User banned.
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Justice4All10 months, 1 week ago

We were warned by Shell Oil almost 60 years ago that a peak would occur shortly after the year 2000. Then in the 70s two embargoes drove the point home, but when supply outstripped demand and prices dropped and oil companies lost money everyone went back to their old ways. It's obvious that people will not plan for the future. So just sit back and enjoy. 120 dolar a barrel oil will sound cheap very soon.

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Cityslicker10 months, 1 week ago

And the Scam is :
THE SCAM : Norrish said it's likely refiners will scale back gas production, just as the higher demand holidays approach.
WHO IS DRIVING IT : "There's a tremendous amount of bull energy in this market," he said. 'There's no reason we can't get to $100."
I could think of millions of reason why not to hit $100 a barrel but then again , People having a hard time is not a good reason right .
THANKS AL GORE !
LAND OF THE FLEECED , HOME OF THE SAY BA (sheep blindly following) !
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NelsonR10 months, 1 week ago

Where is this $3.00 and lower oil. Covered half the United States in Mid October and never saw one gas station with gas below three dollars. At present the price for regular gas here is $3.29 per gallon while diesel is $3.49.
Does everyone live next to a refinery?
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  engineer10 months, 1 week ago
  
  In NJ, we get it (regular) for $2.59 per gallon
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engineer10 months, 1 week ago

I found out the reason Abdul in the ME and Jose in Venezuela just got 100 million dollar bonuses
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Xaos10 months, 1 week ago

Here is South west PA gasoline is $2.89 and diesel is $3.25. This is getting completely ridiculous, and big oil is going to keep getting away with it. Who is going to stop them, the government which they own, the divided population
who can't agree on anything except that the other side are idiots. Wake up people, time for us all to stand up and say enough is enough, while we still have the right to say it.
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coolrayfruge10 months, 1 week ago

Yea, why should the greedy bastards stop there!
I just bought a yellow ribbon that say's assume the position.
That's says it all!
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reinazaa3 months, 1 week ago

But so far drivers have been lucky. The national average price for gasoline has risen barely one cent, going from $2.81 last month to $2.82 this month, according to the motorist organization AAA, although in many areas of the country gasoline is already over http://spicydirectorys.info
Analysts have said the relatively stable gasoline price is due to slack demand following the high-demand summer driving season.
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