Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline? - Page 5

  1. Welcome to GM Inside News Forum General discussion forum for GM

    Welcome to GM Inside News Forum - a website dedicated to all things GM.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join GM Inside News Forum today!
     
Page 5 of 5 FirstFirst ... 345
Results 61 to 68 of 68

Thread: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

  1. #61
    GMI Australia Correspondent Premium Member mikmak's Avatar
    Join Date
    May 2005
    Location
    Sunshine Coast, Australia
    Posts
    18,148
    Thanks
    1,118
    Thanked 925 Times in 631 Posts
    My Ride
    Piece of **** Subie Liberty

    Re: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

    Quote Originally Posted by KingElvis View Post
    Huh?

    We're just getting below $4 here in Chicago.

    Couldn't believe the Marlboro pack price either - our cigarettes are $8 a pack.
    12AUD/pack = 8.70


    Whilst the drop in oil prices is welcome in th einterim, it is somewhat offset by the recent nosedive, we've had against the greenback.

    Good news for G8 imports though

    Quote Originally Posted by The Australian
    THE Australian dollar fell below US75 cents to a 30-month low today amid concerns about the risks of a sharp global downturn.

    The local currency had dropped as low as US74.74 cents by late afternoon, taking its losses to 24 per cent since its 25-year peak of US98.49 cents, touched in mid-July.

    "The Australian dollar fell out of the proverbial bed and then rolled down the stairs, reaching a 30-month low as it dropped more than US2.5 cents," said Oliver Stevens, head of dealing at IG Markets.
    LINK
    Evil begets evil Mr. President. Shooting will only make it stronger.

    Hidden Content

    Follow me on Hidden Content
    I'm on the YOUTUBES! Hidden Content

  2. Remove Advertisements
    GM Inside News
    Advertisements
     

  3. #62
    GMI Australia Correspondent Premium Member mikmak's Avatar
    Join Date
    May 2005
    Location
    Sunshine Coast, Australia
    Posts
    18,148
    Thanks
    1,118
    Thanked 925 Times in 631 Posts
    My Ride
    Piece of **** Subie Liberty

    Re: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

    Though this looks promising:

    Reserve bank of Australia

    Quote Originally Posted by RBA

    MEDIA RELEASE

    No: 2008-20
    Date: 7 October 2008
    Embargo: For Immediate Release
    Click for print-friendly version
    STATEMENT BY GLENN STEVENS, GOVERNOR
    MONETARY pOLICY

    At its meeting today, the Board decided to lower the cash rate by 100 basis points to 6.0 per cent, effective 8 October 2008.
    phew, now I can buy some more smokes and a Hummer
    Evil begets evil Mr. President. Shooting will only make it stronger.

    Hidden Content

    Follow me on Hidden Content
    I'm on the YOUTUBES! Hidden Content

  4. #63
    3.6 Liter SIDI V6 Millefune's Avatar
    Join Date
    Jul 2008
    Location
    Vacaville, CA
    Posts
    1,210
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

    When I first started driving, I was paying $1.259 for gas. I used to be able to say "fill up on pump six" when handing over a 20-dollar bill.
    "People meet, and people part. This meeting may truly be as insignificant as a ripple in the ocean, but that's alright. I'm going to enjoy it as much as I can, while it lasts." - Shido
    Hidden Content
    Jennifer: Hidden Content

  5. Remove Advertisements
    GM Inside News
    Advertisements
     

  6. #64

    Join Date
    Jan 2003
    Posts
    187
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

    Gas price hikes are an economic zombie- they always come back.

    If we've been granted a brief reprieve from the hardship that was driving people to desperation in July, let's use the opportunity to accelerate our efforts to avoid a recurrence.

    Gas prices will go up again. We keep using it, and the supply is finite. If the economy improves, we'll see demand spike again. If, as some say, we're entering a long recession, then the money saved on gas would be wisely employed elsewhere than in a luxury truck/SUV.

    I'm pleased as pie to be paying less than $70.00 to fill up, but we as consumers and the automakers as an industry need to plan for the future.

    Cars are long-term financial commitments for individuals and even longer term commitments for the companies that have to engineer, test, and sell a model for years. For all we know, we're in the eye of the storm.

  7. #65
    6.2 Liter LS3 V8 johnny smallblock's Avatar
    Join Date
    May 2005
    Location
    Manhattan
    Posts
    3,438
    Thanks
    52
    Thanked 232 Times in 96 Posts
    My Ride
    1972 Cutlass Supreme

    Re: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

    Quote Originally Posted by motorman View Post
    $3.00 a gallon is where gas should be allowing for inflation and the raise in gasoline taxes
    Great. Then I'm definitely selling my Caprice. I'm not paying $60 to fill my tank. Do that 3x a month and it costs me $180. That's over 2 grand a year. I don't need that cost.
    Current Hidden Content
    2013 Chevy Spark
    2010 Honda Odyssey
    1972 Cutlass Supreme

    R.I.P. Hidden Content
    2006 Ford Escape Hybrid (given to my brother)
    1999 Honda Elite (stolen)
    1996 Caprice LT1 (donated when gas hit $4)
    1996 Honda Elite (wrecked in a wipeout)
    1995 Honda Civic (T-boned by a police car)
    1986 Plymouth Colt Vista (died)
    1978 Chevy Mailbu (sold)

  8. #66
    6.2 Liter LS9 Supercharged V8
    Join Date
    Feb 2003
    Posts
    5,632
    Thanks
    886
    Thanked 571 Times in 327 Posts

    Re: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

    It had better drop even more if there is even a hope of the economy recovering. It's amazing how we are now conditioned to think that $3.00/gallon of gas is cheap.

  9. #67
    7.0 Liter LS7 V8 Saturn69's Avatar
    Join Date
    Jun 2004
    Posts
    4,034
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

    Whoops. Down to $2.79 today.

    And yes, we have been conditioned...works, don't it? We've got us right where they want us.
    "Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like" - Will Rogers

    "Fearful men seek the sacred mountains,
    sacred groves, sacred trees and shrines" - Buddha

  10. #68
    1.4 Liter Turbocharged ECOTEC dtowndog420's Avatar
    Join Date
    Sep 2003
    Posts
    84
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: Oil, Gas Prices in Retreat; Return of $3/Gallon Gasoline?

    Not to worry folks gas will go back up after Mamorial Day.

  11. Remove Advertisements
    GM Inside News
    Advertisements
     

Page 5 of 5 FirstFirst ... 345

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Powered by vBadvanced CMPS v4.1.2