theyhatinonme
Banned
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- Aug 2, 2008
I LOVE AMERICA! THE ONLY COUNTRY TO HAVE PRICES THIS LOW! YESSSSSSSSSSSSS!!!!!!!!!!!
GAS PRICES THREAD: National Average = $2.59!... gas hits lowest point in a month, no summer prices
- Thread in 'General' Thread starter Started by tbone95860,
- Start date
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- Jan 22, 2008
itll jump back up in no time...
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- Jan 19, 2002
i know.
when is it gonna go back up?
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- May 25, 2003
Why yall even talking about it or complaining about it going back up!?!
Be thankful it didn't stay at $4.00!!
And enjoy it while it's cheap!
And it's still going down for now.... not up.
Be thankful it didn't stay at $4.00!!
And enjoy it while it's cheap!
And it's still going down for now.... not up.
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- Oct 14, 2008
1.68 here, can't complain whatsoever
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- Jan 3, 2004
1.89 in Socal! filled up for $26
mateen cleaves
Banned
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- May 11, 2008
$1.72
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- Nov 30, 2002
[Wale] I'm lovin' erry bit of this moment[/Wale]
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- Jan 28, 2006
1.55 INDIANAPOLIS...
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- Jan 2, 2008
1.63 dallas ohhh yeeaaaa
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- Jul 6, 2008
by the time I get a car it'll be back up
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- May 25, 2003
Monday, 11/24/2008
Current Avg. = $1.908
Current Avg. = $1.908
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- Jan 8, 2003
shell had it at 2:09
filled up in the morning, probably has gone down since
filled up in the morning, probably has gone down since
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- Jan 3, 2004
TBONE.... did you only make this thread cause you wanted another one where you could edit the title daily?
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- Jul 15, 2004
2.23 Premium here in Portland
. Road trip time.
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- Sep 8, 2003
Paid a $1.64 last night in Lexington, KY. Would have been cheaper but forgto my speedy rewards card.
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- Apr 4, 2008
filled up for 1.86 this morning
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- Dec 25, 2007
1.93 in socal
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- Oct 23, 2006
1.59... how low can this possibly go??
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- May 25, 2003
HOUSTON (AP) - The national average price for gasoline tumbled below $2 a gallon Friday, its lowest point in more than three years, yet the global economiccontrast between then and now could not be more stark.
On March 9, 2005, the last time gasoline cost less than $2, the Dow Jones industrial average closed at 10,805.63. The Dow on Thursday slumped 445 points to7,552.29, its lowest finish since March 2003.
"At this point, all we can say with any degree of confidence is that crude oil ... will not trade below zero," wrote trader and analyst StephenSchork in a tongue-in-cheek analysis of the market's swoon.
Crude has been in free-fall, shedding two-thirds of its value since July, and gasoline prices have followed.
The pump price for regular unleaded fell 3.1 cents overnight to $1.989 a gallon, according to auto club AAA, the Oil Price Information Service and WrightExpress.
The national average price fell nearly a dime in the past week and is down almost 90 cents in the past month.
"With the price of oil seemingly in a free-fall this month, it's impossible to know exactly how low the price of gasoline will eventually go,"AAA spokesman Geoff Sundstrom said Friday. "Households can, however, reasonably anticipate that lower fuel prices will be the norm throughout the rest ofthis year and probably into early 2009."
Light, sweet crude for January delivery rose 50 cents to $49.91 a barrel on the New York Mercantile Exchange. Earlier, in electronic trading, the pricedipped to $48.25, the lowest level since May 18, 2005.
In London, January Brent crude rose 34 cents to $48.42 on the ICE Futures exchange.
Friday's activity reflected how tightly oil prices are tied to trading in equities and left open the likelihood of further volatility in the crudesector.
Asian stock markets initially followed their U.S. counterparts down Friday, but then rallied. Japan's benchmark Nikkei index rose 2.7 percent, HongKong's Hang Seng index gained 2.3 percent and South Korea's key index was up 5.8 percent.
London's FTSE 100 and France's CAC-40 fell more than 3 percent while Germany's DAX index fell more than 2 percent.
In the United States, the Dow Jones industrial average rose 151 points, or 2 percent, in early trading, while the Nasdaq 100 index futures was up 14.21, or1.34 percent, to 1,050.42.
Traders are still worried that a global recession will undermine energy demand.
The Dow plunged Thursday after the Labor Department said new applications for jobless benefits exceeded analyst estimates and rose to the highest level ofclaims since July 1992 and investors grew even more leery about the health of the nation's biggest banks.
The S&P 500 index fell 6.7 percent Thursday to an 11-year low. The S&P 500 has dropped more than 52 percent below its October 2007 record, makingthis the second-biggest bear market on record, exceeded only by the 83 percent drop between 1930 and 1932.
"(Fifty dollars) was a psychological support level," said Gerard Rigby, an energy analyst at Fuel First Consulting in Sydney. "Since wehaven't traded this low for so long, it's hard to find a new support level."
The Organization of Petroleum Exporting Countries, which accounts for about 40 percent of global supply, may cut production before its next official meetingon Dec. 17, Rigby said.
OPEC lowered production quotas by 1.5 million barrels a day last month.
"Their revenues are dropping so much, I think OPEC will have to call an extraordinary meeting and cut quotas to try to support the market," Rigbysaid. "Their last cut had zero impact on the market."
In other Nymex trading, gasoline futures rose 3.3 cents to $1.04 a gallon. Heating oil gained 2.7 cents to $1.7036 a gallon while natural gas for Decemberdelivery advanced 21.6 cents to $6.532 per 1,000 cubic feet.
Associated Press writers George Jahn in Vienna, Austria, Alex Kennedy in Singapore and Pablo Gorondi in Budapest, Hungary contributed to thisreport.
On March 9, 2005, the last time gasoline cost less than $2, the Dow Jones industrial average closed at 10,805.63. The Dow on Thursday slumped 445 points to7,552.29, its lowest finish since March 2003.
"At this point, all we can say with any degree of confidence is that crude oil ... will not trade below zero," wrote trader and analyst StephenSchork in a tongue-in-cheek analysis of the market's swoon.
Crude has been in free-fall, shedding two-thirds of its value since July, and gasoline prices have followed.
The pump price for regular unleaded fell 3.1 cents overnight to $1.989 a gallon, according to auto club AAA, the Oil Price Information Service and WrightExpress.
The national average price fell nearly a dime in the past week and is down almost 90 cents in the past month.
"With the price of oil seemingly in a free-fall this month, it's impossible to know exactly how low the price of gasoline will eventually go,"AAA spokesman Geoff Sundstrom said Friday. "Households can, however, reasonably anticipate that lower fuel prices will be the norm throughout the rest ofthis year and probably into early 2009."
Light, sweet crude for January delivery rose 50 cents to $49.91 a barrel on the New York Mercantile Exchange. Earlier, in electronic trading, the pricedipped to $48.25, the lowest level since May 18, 2005.
In London, January Brent crude rose 34 cents to $48.42 on the ICE Futures exchange.
Friday's activity reflected how tightly oil prices are tied to trading in equities and left open the likelihood of further volatility in the crudesector.
Asian stock markets initially followed their U.S. counterparts down Friday, but then rallied. Japan's benchmark Nikkei index rose 2.7 percent, HongKong's Hang Seng index gained 2.3 percent and South Korea's key index was up 5.8 percent.
London's FTSE 100 and France's CAC-40 fell more than 3 percent while Germany's DAX index fell more than 2 percent.
In the United States, the Dow Jones industrial average rose 151 points, or 2 percent, in early trading, while the Nasdaq 100 index futures was up 14.21, or1.34 percent, to 1,050.42.
Traders are still worried that a global recession will undermine energy demand.
The Dow plunged Thursday after the Labor Department said new applications for jobless benefits exceeded analyst estimates and rose to the highest level ofclaims since July 1992 and investors grew even more leery about the health of the nation's biggest banks.
The S&P 500 index fell 6.7 percent Thursday to an 11-year low. The S&P 500 has dropped more than 52 percent below its October 2007 record, makingthis the second-biggest bear market on record, exceeded only by the 83 percent drop between 1930 and 1932.
"(Fifty dollars) was a psychological support level," said Gerard Rigby, an energy analyst at Fuel First Consulting in Sydney. "Since wehaven't traded this low for so long, it's hard to find a new support level."
The Organization of Petroleum Exporting Countries, which accounts for about 40 percent of global supply, may cut production before its next official meetingon Dec. 17, Rigby said.
OPEC lowered production quotas by 1.5 million barrels a day last month.
"Their revenues are dropping so much, I think OPEC will have to call an extraordinary meeting and cut quotas to try to support the market," Rigbysaid. "Their last cut had zero impact on the market."
In other Nymex trading, gasoline futures rose 3.3 cents to $1.04 a gallon. Heating oil gained 2.7 cents to $1.7036 a gallon while natural gas for Decemberdelivery advanced 21.6 cents to $6.532 per 1,000 cubic feet.
Associated Press writers George Jahn in Vienna, Austria, Alex Kennedy in Singapore and Pablo Gorondi in Budapest, Hungary contributed to thisreport.
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- May 12, 2007
^^^^ i wish i could find a deal like that. this morning i paid 1.73 and was excited as hell.
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- Apr 16, 2007
1.89 here in L.A. (Valley)
mexrfw
Banned
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- Mar 11, 2008
1.86 @ costco torrance, califas =D
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- Jan 13, 2008
$1.47 here in St. Lou.
I am not even lying y'all, no ducks
, I need to getsome pics of this soon, because I know it might never happen again.
I am not even lying y'all, no ducks