Getting back to 100$ a barrel - Ford Powerstroke Diesel Forum
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  #1  
Old 09-09-2008, 11:46 AM
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Getting back to 100$ a barrel




Oil Tumbles Below $103 as Hurricane Ike Weakens - FOXBusiness.com
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  #2  
Old 09-09-2008, 11:49 AM
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I hope this trend lasts for awhile!
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Old 09-09-2008, 11:49 AM
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its about time
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  #4  
Old 09-09-2008, 11:54 AM
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I saw diesel for 3.82 last week...i still had a quarter tank so i decided to wait to buy any in hopes the pump price would follow suit with the declining barrel prices but i don't see it happening very fast?
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  #5  
Old 09-09-2008, 11:56 AM
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It's still in the 4.10-4.30 range here in GA.
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  #6  
Old 09-09-2008, 12:00 PM
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Yeah Im paying $4.34. It sure has been slow to come down at the pump!
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Old 09-09-2008, 12:02 PM
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That will be nice its 3.99 here by Purdue
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Old 09-09-2008, 12:38 PM
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Isn't it funny how as soon as anything happens, whales humping sideways, the wind blows backwards, Al Gore gets a pimple... that oil jumps up 10 bucks and gas/diesel IMMEDIATELY soars. Then oil goes down 30% and it takes 6 weeks for gas to go down 10%.
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Old 09-09-2008, 12:48 PM
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Barrel prices are FOB Saudi Arabia. How long do you think it takes to ship overseas, refine and get to the pumps. Prolly like 90 days. So, prices should not dump on Tuesday just because the barrel prices came off on Monday. But if you flip the coin, when they raise the price immediately, their banging us like a screen door in a hurricane.
Dave
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Old 09-09-2008, 02:06 PM
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The transit time doesn't make any difference. The price they pay for crude is strictly based on the commodity market and is instant. What really adds insult to injury is the oil companies are not really paying that much for the oil. Oil trades at whatever the most expensive barrel of oil cost.
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