Oil prices fell below $97 a barrel on Monday after Hurricane Ike inflicted minimal damage!
Pensacola Fishing Forum
Forum Home       Members    Calendar    Who's On
Welcome Guest ( Login | Register )
        



Oil prices fell below $97 a barrel on Monday... Expand / Collapse
Author
Message
Posted 9/15/2008 11:26:11 AM


Grouper

GrouperGrouperGrouperGrouperGrouperGrouperGrouperGrouper

Group: Forum Members
Last Login: Today @ 12:23:28 PM
Posts: 706, Visits: 4,154
LONDON — Oil prices fell below $97 a barrel on Monday after Hurricane Ike inflicted minimal damage to oil installations on the Texas coast.

Light, sweet crude for October delivery declined $4.39 to $96.79 a barrel in electronic trading on the New York Mercantile Exchange by noon in Europe. The contract rose 31 cents on Friday to settle at $101.18 after dropping as low as $99.99 per barrel. Before that, the last time Nymex crude traded below the $100 mark was April 2.


===================================
22.5 Key West "Boston Sea Party" 225 Yamaha
14 Wilderness System Tarpon Mango

   
Post #183399
Posted 9/15/2008 11:41:55 AM


White Marlin

White MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite Marlin

Group: Forum Members
Last Login: Yesterday @ 9:02:21 PM
Posts: 2,806, Visits: 20,040
its 96.60 now

http://www.oil-price.net/

Post #183410
Posted 9/15/2008 11:42:35 AM


White Marlin

White MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite Marlin

Group: Forum Members
Last Login: Yesterday @ 9:02:21 PM
Posts: 2,806, Visits: 20,040
well it just went back up

Post #183412
Posted 9/15/2008 11:46:59 AM


Snapper

SnapperSnapperSnapperSnapperSnapperSnapperSnapperSnapper

Group: Forum Members
Last Login: Yesterday @ 11:26:05 PM
Posts: 446, Visits: 3,697
What were gas prices last time it was below $100.00?

QQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQQ

"If you only remember one thing that I say, remember this... don't fish where there aint no fish"

Capt. Fred Morrow

 

Please do not support any of the captains or vessels on the list below. They support the SOS plan and I believe they intend to lie to you and steal from you so that they can stay fat and happy.

http://saveoursector.com/supporters/supporters_full.aspx

If you agree with the above, please copy and paste this and add it to your signature as well.

Post #183416
Posted 9/15/2008 11:47:58 AM


Sailfish

SailfishSailfishSailfishSailfishSailfishSailfishSailfishSailfish

Group: Forum Members
Last Login: Today @ 5:00:40 PM
Posts: 1,563, Visits: 8,439
gas SHOULD be ~$2.60 based on oil

I am walking funny yet again courtesy of big oil


____________________________
Post #183418
Posted 9/15/2008 11:51:25 AM


White Marlin

White MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite MarlinWhite Marlin

Group: Forum Members
Last Login: Yesterday @ 9:02:21 PM
Posts: 2,806, Visits: 20,040
when the price per barrel was going up and it was at 100 bucks a barrel the national avg was 3 bucks a gallon.....now we are under 100 per barrel and gas it 4 bucks......its just plain weird....i guess its because we are using oil now that was bought for a higher price...

Post #183420
Posted 9/15/2008 12:22:25 PM


Snapper

SnapperSnapperSnapperSnapperSnapperSnapperSnapperSnapper

Group: Forum Members
Last Login: 2/1/2010 9:54:48 PM
Posts: 584, Visits: 2,508
It is my opinion that the imbalance in oil going up and down and the retail not following suite is that the buying public isn't reflecting these higher prices in reduced purchases of gasoline! If the public is buying gas in the same quantity at $4.00/gal. as they did at $3.00/gal. the oil industry is gonna take the extra money and smile all the way to the bank!!

It doesn't do a whit's worth of good to bitch about higher prices if the buying public isn't willing to back off buying gas until it touches the pockets of the retailers which in turn will trickle back down the chain to the oil refiners. But that means enduring a bit of inconvenience once in awhile or putting off those little trips to Walley World or a restaurant or movies and stay at home more than usual.

It seems that we want things to go our way but we aren't willing to put forth any personal effort to get them the way we want them. Complaining about it sure doesn't seem like the solution to the problem to me.

 

Post #183436
Posted 9/15/2008 12:31:52 PM


Sailfish

SailfishSailfishSailfishSailfishSailfishSailfishSailfishSailfish

Group: Forum Members
Last Login: 2/2/2010 9:38:38 PM
Posts: 1,459, Visits: 5,130
They will try to say its a shortage of gas due to refinery damage/preventive closings due to the 2 hurricanes. I think that to some degree that's a reasonable argument, but the prices aren't going down as long as they can get us to pay what we're paying.



________________________________________________________________________________________
Post #183441
Posted 9/15/2008 12:38:36 PM


Grouper

GrouperGrouperGrouperGrouperGrouperGrouperGrouperGrouper

Group: Forum Members
Last Login: Today @ 4:59:40 PM
Posts: 845, Visits: 5,033
Framerguy (9/15/2008)
It is my opinion that the imbalance in oil going up and down and the retail not following suite is that the buying public isn't reflecting these higher prices in reduced purchases of gasoline! If the public is buying gasin the same quantity at $4.00/gal. as they did at $3.00/gal. the oil industry is gonna take the extra money and smile all the way to the bank!!

It doesn't do a whit's worth of good to bitch about higher prices if the buying public isn't willing to back off buying gas until it touches the pockets of the retailers which in turn will trickle back down the chain to the oil refiners. But that means enduring a bit of inconvenience once in awhile or putting off those little trips to Walley World or a restaurant or movies and stay at home more than usual.

It seems that we want things to go our way but we aren't willing to put forth any personal effort to get them the way we want them. Complaining about it sure doesn't seem like the solution to the problem to me.



Good Posting!!!!!


'Cuz deer huntin' ain't catch & release!
Post #183448
Posted 9/15/2008 12:41:17 PM


Snapper

SnapperSnapperSnapperSnapperSnapperSnapperSnapperSnapper

Group: Forum Members
Last Login: 2/1/2010 9:54:48 PM
Posts: 584, Visits: 2,508
I live up Rt. 331 and cross the bridge at least twice daily and I see so many fuel barges heading both directions on the Intercoastal that it is very hard for me to believe the fuel shortage excuses that the media uses so often.

Edit:

I also have been down to the Murphy Oil storage area on the South edge of Freeport 3 different times in the past week checking on the water level and there were 2 different tugs holding barges against their docks during unloading and the third time a tug was just leaving the docks with the unloaded barges.

Now someone somewhere is finding enough gas to keep this company in plenty of backup gas!!

 

Post #183449
Posted 9/15/2008 1:33:39 PM


Snapper

SnapperSnapperSnapperSnapperSnapperSnapperSnapperSnapper

Group: Forum Members
Last Login: Today @ 4:44:18 PM
Posts: 505, Visits: 4,283
FramerGuy, I 100% agree with what you have stated! I for one have changed the way we drive at home and it has made a difference! I have a 99' Tahoe and a 99' Honda Civic and the hoe only gets driven when completely necessary! Mainly to pull the boat or a trailer! I didn't realize that if you can limit your driving enough that your insurance company will lower you rates! You do have to prove it but still money is money! I am with State Farm and told them that is doesn't get drove anymore and they said if you can prove it gets drove less than 9,000 miles a year they would take $20.00 off a month! So needless to say it stays put! I also have started driving like my grandma and my fuel consumption went up about 3 miles per gallon! All I did was read a couple of articles on those hypermilers and started observing a few of there rules and it works! We cut our gas bill by about $50.00 a month and I encourage everyone to try it at the very least! That is the only way we as consumers can change the gas prices!

-------------------------------------------------------------

Each day is a GIFT, that is why it is called the PRESENT!

14' randall craft with trolling motor! Yeah Baby!

MIKE TAVENER

Post #183472
« Prev Topic | Next Topic »


All times are GMT -6:00, Time now is 6:17pm

   Pensacola Fishing Fourm


This site is also available at:
http://www.fishinginflorida.info  http://www.fishinginalabama.info http://www.destinfishingforum.com
http://www.orangebeachfishingforum.com
  http://www.fishthebridge.com   http://www.pensacolahuntingforum.com  http://www.pensacoladivingforum.com