Oil Drop

Every little bit helps...Gas 3.48 Diesel 3.88 in this neck of the woods.
 
102.37
 
101.88

breaking a hundred is going to be the big story tomorrow in the news.
 
OPEC anounced yesterday that they were cutting 500,000 barrels per day of production. This is a drop in the bucket, but you can expect to see oil go up.

As oil dropped from $116 last week to $103 yesterday, gas here in SE VA stayed at $3.59. This morning it went up $0.10 on the OPEC news.

Unleaded gas it trading at $2.65 a gallon right now. Add tax to that, transit cost & profit and that is what they hit you with for price. Of course that has nothing to do with the actual cost of gas they sell.

TD
 
yeah, i just saw that. what the hell. Here is your "they". concerned about falling oil prices? that are still twice what they were two years ago.
 
$102.06 at lunch time
 
http://www.oil-price.net/index.php?lang=en
Just thought I'd let everyone in on this. It's INSTANT pricing. Didn't know if anyone else was using this site or not. Dirty ass OPEC, they can't see themselves make less than $100 a barrel, they just cant. They weren't bitching and moaning when the shit was less than $10 a barrel and they were only making 10 billion dollars a year, fuckers.
 
looks like OPEC is going to delay the below a hundred drop by a few days.
 
101.69
 
BTW...I hope everyone understands the minute it hits 99.99, there will be a huge run because of perceived value and it will most likely roller coaster at $100 for a few days...but the floor is glass.

Shorting oil right now is paying some dividends..
 
thats huge.
That's the biggest news you could possibly hear. OPEC is basically dead.


Its not the first time.
I HOPE HOPE HOPE they stay away, history tells us they wont.

In related news Brazil is now the 2nd largest holder of oil rights in the world behind the US.....
 
diesel dropped to $3.84 though :beer:
 
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