Oil futures trading at $78 -- yes $78 (10/10/08)

HoosierRon · 10-10-2008, 12:16 PM

Quote:

Futures touched $78.61, the lowest since Oct. 9, 2007. Prices have dropped 45 percent from the record $147.27 a barrel reached on July 11.

source

Canyonaro · 10-10-2008, 12:27 PM

It is back to $80.

Plus it doesn't translate, I am still paying $3.45 at the pump here in the state. Everyone in the business are just greedy pigs. Lets not talk about November when OPEC get back together to try to force the price back up.

1BadPig · 10-10-2008, 12:33 PM

Wonder what Hugo is doing now... panicking?

civilzues · 10-10-2008, 12:36 PM

Lowest price since 2007. IT'S NOT THAT LONG AGO. when i hear "lowest price since 2005" I still get mad.

Pedal 2 Metal · 10-10-2008, 12:40 PM

Quote:

Originally Posted by Canyonaro

It is back to $80.

Plus it doesn't translate, I am still paying $3.45 at the pump here in the state. Everyone in the business are just greedy pigs. Lets not talk about November when OPEC get back together to try to force the price back up.

Yeah really. I dont understand how gas prices are still so high even after the price of oil has gone way down, and the demand for gasoline is down. They act like we have such a shortage, and yet none of the gas stations ever run out.

For people who think the Volt won't sell at $40,000... yeah right. At the very least people are tired of getting jerked around by oil companies, and that alone will make the Volt very desirable.

big swede · 10-10-2008, 12:44 PM

Quote:

Originally Posted by Canyonaro

It is back to $80.

Plus it doesn't translate, I am still paying $3.45 at the pump here in the state. Everyone in the business are just greedy pigs. Lets not talk about November when OPEC get back together to try to force the price back up.

Don't worry it will be $2.50 by the election.

wescoent · 10-10-2008, 12:49 PM

This can only mean one thing. Time to go buy two of these!

Canyonaro · 10-10-2008, 12:52 PM

Quote:

Originally Posted by Pedal 2 Metal

For people who think the Volt won't sell at $40,000... yeah right. At the very least people are tired of getting jerked around by oil companies, and that alone will make the Volt very desirable.

I agree, thats the selling point alone for me.

K-1 · 10-10-2008, 12:57 PM

Look at what is being traded: oil futures. We'll see what gas prices will be in November when trading ends on the 21st.

E. Haskell · 10-10-2008, 01:11 PM

Good news for a company looking to launch a new performance car in about 4 months.

E. Haskell · 10-10-2008, 01:13 PM

Oh, and on a side note....now don't we all feel foolish for wasting 6 months with the doom and gloom $6/gallon by Christmas talk....

1BadPig · 10-10-2008, 01:52 PM

Quote:

Originally Posted by E. Haskell

Oh, and on a side note....now don't we all feel foolish for wasting 6 months with the doom and gloom $6/gallon by Christmas talk....

LOL! But we still need to invest in domestic drilling and alternative energy solutions. Majority of the OPEC nations still don't like us... unless the Chosen One gets elected, then we'll be the most popular kid in the sandbox and everyone will want to be our friend and invite us to all the parties...

goochman · 10-10-2008, 02:35 PM

and exactly why is gas over $3 a gallon............price goes up when a shiek sneezes but takes months to go down..........

E. Haskell · 10-10-2008, 02:45 PM

They want to maximize profits so there is no use in bringing gas down 30 cent at a time. Most people are happy to see it go down a nickle.

BTW - oil now at $77...now at $78 again...

WishIhadatruck · 10-10-2008, 02:47 PM

Quote:

Originally Posted by wescoent

This can only mean one thing. Time to go buy two of these!

Didn't that Suburban have the new 4.5L diesel in it? It is probably more fuel efficient than the current ones by a bit. You better buy 3.

10-10-2008, 12:27 PM	#2 (permalink)
Canyonaro 4.6 Liter Northstar V8 Join Date: Aug 2005 Location: SKI Utah Drives: '04 Mali '07 Canyon CC 4x4 Z71 SLT Posts: 1,548	Re: Oil futures trading at $78 -- yes $78 (10/10/08) It is back to $80. Plus it doesn't translate, I am still paying $3.45 at the pump here in the state. Everyone in the business are just greedy pigs. Lets not talk about November when OPEC get back together to try to force the price back up. __________________ Willy (from the Simpsons): Willy hears ya. Willy don't care. Обладание Тойотой не плохо, только все те люди, которые ведут тот, думая это как Aмериканец. GMI Folding@Home Thread

10-10-2008, 12:33 PM	#3 (permalink)
1BadPig 6.0 Liter L76 V8 Join Date: Sep 2004 Location: Florida Drives: 2007 Mazdaspeed 3 Posts: 2,243	Re: Oil futures trading at $78 -- yes $78 (10/10/08) Wonder what Hugo is doing now... panicking? __________________ Current Rides 2007 Chevrolet Tahoe LT3 Gold Mist Metallic 2008 Mazdaspeed 3 GT Black Mica

10-10-2008, 12:36 PM	#4 (permalink)
civilzues 4.4 Liter Supercharged Northstar Join Date: Mar 2005 Posts: 2,793	Re: Oil futures trading at $78 -- yes $78 (10/10/08) Lowest price since 2007. IT'S NOT THAT LONG AGO. when i hear "lowest price since 2005" I still get mad. __________________ ZOOM ZOOM future BUICK owner sarcasm

10-10-2008, 12:49 PM	#7 (permalink)
wescoent 6.2 Liter LS9 Supercharged V8 Join Date: Dec 2004 Posts: 6,331	Re: Oil futures trading at $78 -- yes $78 (10/10/08) This can only mean one thing. Time to go buy two of these! __________________ "It's only when the tide goes out that you learn who's been swimming naked." -Warren Buffet(t)

10-10-2008, 12:57 PM	#9 (permalink)
K-1 4.4 Liter Supercharged Northstar Join Date: Oct 2005 Location: Ann Arbor, Michigan Drives: 2008 Saturn ASTRA 5dr XR 2009 Saturn AURA XE Posts: 2,545	Re: Oil futures trading at $78 -- yes $78 (10/10/08) Look at what is being traded: oil futures. We'll see what gas prices will be in November when trading ends on the 21st. __________________ 2008 Saturn ASTRA 5-door XR - Sandstone - Me 2009 Saturn AURA XE - Quicksilver - Wife 2009 Maclaren Quest Sport Stroller - Black/Champagne - Son 2008 Radio Flyer Sport Trike - Classic Red - Son 2008 Fisher-Price Power Wheels Lil' Kawasaki ATV - Green/Yellow - Son

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10-10-2008, 01:11 PM	#10 (permalink)
E. Haskell 6.2 Liter LS9 Supercharged V8 Join Date: Jun 2006 Posts: 5,549	Re: Oil futures trading at $78 -- yes $78 (10/10/08) Good news for a company looking to launch a new performance car in about 4 months. __________________ "But you are right, the Camaro gives the most bang for the buck" - Simon says "Despite all the hype surrounding Ford's new twin-turbo, all-wheel drive sport sedan, our long-term Pontiac G8 GT would put it on the trailer." - Edmunds

10-10-2008, 01:13 PM	#11 (permalink)
E. Haskell 6.2 Liter LS9 Supercharged V8 Join Date: Jun 2006 Posts: 5,549	Re: Oil futures trading at $78 -- yes $78 (10/10/08) Oh, and on a side note....now don't we all feel foolish for wasting 6 months with the doom and gloom $6/gallon by Christmas talk.... __________________ "But you are right, the Camaro gives the most bang for the buck" - Simon says "Despite all the hype surrounding Ford's new twin-turbo, all-wheel drive sport sedan, our long-term Pontiac G8 GT would put it on the trailer." - Edmunds

10-10-2008, 02:35 PM	#13 (permalink)
goochman 5.3 Liter Vortec V8 Join Date: Jun 2005 Posts: 1,414	Re: Oil futures trading at $78 -- yes $78 (10/10/08) and exactly why is gas over $3 a gallon............price goes up when a shiek sneezes but takes months to go down.......... __________________ ------------ Goochman 2002 Pontiac Bonneville 2008 Buick Enclave CXL 2009 Jeep Wrangler Sahara Unlimited

10-10-2008, 02:45 PM	#14 (permalink)
E. Haskell 6.2 Liter LS9 Supercharged V8 Join Date: Jun 2006 Posts: 5,549	Re: Oil futures trading at $78 -- yes $78 (10/10/08) They want to maximize profits so there is no use in bringing gas down 30 cent at a time. Most people are happy to see it go down a nickle. BTW - oil now at $77...now at $78 again... __________________ "But you are right, the Camaro gives the most bang for the buck" - Simon says "Despite all the hype surrounding Ford's new twin-turbo, all-wheel drive sport sedan, our long-term Pontiac G8 GT would put it on the trailer." - Edmunds

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