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Oil bubbles above $44-barrel
Posted: Tue Aug 03, 2004 8:15 am
by Apoptosis
OPEC said it cannot cool the market; cartel president says there's no additional supply.
SINGAPORE (Reuters) - U.S. oil prices hit new record levels above $44 a barrel Tuesday as the head of OPEC said there was little the group could do to cool the red-hot market for the time being.
At 8:28 a.m. ET, U.S. light crude for September delivery rose 21 cents at $44.03 a barrel in electronic trading after reaching a high of $44.24 a barrel, the highest level since crude futures were launched on the New York Mercantile Exchange in 1983.
Well, I think it is safe to assume that gas prices may go back up a bit if prices stay at these levels...
Oh well, the full read is
here.
Posted: Tue Aug 03, 2004 8:50 am
by infinitevalence
Bummer, guess i need to start saving for a Prius.
Posted: Tue Aug 03, 2004 1:03 pm
by T-Shirt
Get on the waiting list, by the time one is available you should have saved the $20k.
My Parents got one in 02, after a 9 month wait (they ordered a '01 but toyota subsituted an 02 at the same price because they ran out of '01's, ford, Gm and toyota are all about to release hybrid SUV's which get around 35MPG
Re: Oil bubbles above $44-barrel
Posted: Tue Aug 03, 2004 1:06 pm
by T-Shirt
Apoptosis wrote:
Well, I think it is safe to assume that gas prices may go back up a bit if prices stay at these levels...
Oh well, the full read is
here.
Arrrh! The price just went under $2/gal at the closest stations to me. about $1.85+ closer to town.
Posted: Tue Aug 03, 2004 11:56 pm
by Bio-Hazard
I'm payinf 1.73 a gal right now. Reg hasn't made it over $2.00 here as of yet..............thank god............I'm driving a 11 year olg Chevy 1/2 ton 4x4................
Posted: Wed Aug 04, 2004 9:07 am
by infinitevalence
It might be time for a vehical upgrade Bio
And what the hell is the point of a hybrid suv that gets 35mpg, my honda all ready gets that i want better mpg so i can save some $$
Posted: Wed Aug 04, 2004 10:15 am
by Apoptosis
Prices are going back up in st. louis... Sunday: $1.78 -- Monday: $1.84
edit: great...
Oil prices set another record high today, then retreated after a U.S. government report showed a larger-than-expected gasoline inventory. The price of U.S. crude hit $44.34 a barrel this morning, 19 cents above Tuesday's price. Analysts fear another few days of record-breaking prices could damage the global economy.
Oil hits another record
Posted: Wed Aug 04, 2004 12:57 pm
by T-Shirt
And now most anlysts are saying it could hit $50, unless the world calms down, this is mostly about fear of shortages, not current shortages.
Posted: Wed Aug 04, 2004 1:02 pm
by Bio-Hazard
Out here in the back woods gas is still $1.75 in De Soto and $1.73 in Potosi...........
I expect it to go up anytime now.
infinitevalence,
Can't really upgrade to anyother type of vehical. I work in the construction feild (decks, sheds, roofing and such) The only thing I could do is get a newer one, but mine still runs great.............and a new one would mean a truck payment and they cost WAY to much..........