40% drop since 147.00 a barrel but.... - Ford Powerstroke Diesel Forum
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post #1 of 39 Old 10-09-2008, 11:48 AM Thread Starter
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40% drop since 147.00 a barrel but....

Funny how when it was 147.00 a barrell I was paying around 5.29 a gallon here in socal,now its dropped 40% since that day which if you did the math I should be paying around 3.18 a gallon right now no?WTF are the prices still at 3.80?
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post #2 of 39 Old 10-09-2008, 12:00 PM
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greed is all i can say

[CENTER]Joe Eastwood EMT-B,1999 CC SB PSD F-350,7.3L,240,000mi, too poor for all the mods, but i manage If your passing through my neck of the woods let me know j.eastwood@vzw.blackberry.net
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post #3 of 39 Old 10-09-2008, 12:08 PM
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yup.. ditto to the greed.

Have seen 3.69 a gallon here.

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post #4 of 39 Old 10-09-2008, 12:18 PM
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There's the old addage that fuel prices shoot up like a rocket and float down like a feather.

Certainly true now....Some places around here (Sacramento) still at $3.99. Others are lower in the $3.80's...


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post #5 of 39 Old 10-09-2008, 12:22 PM
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Prepare to see more astronomical profits from the big refineries, Exxon, Shell, Valero. They think we'll be happy with anything under $4. Those 3 or 4 companies will soon be worth more money than Americas gross national product.

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post #6 of 39 Old 10-09-2008, 12:28 PM
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I see the DJIA dropped another 650+ points today... Opec is holding an emergency meeting due to falling oil prices too.

Kurt

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post #7 of 39 Old 10-09-2008, 12:36 PM
Thats Mr. Oil Leak.....

 
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yeah.. They say they have to use the rest of the "expensive" oil before they can lower prices at the pump which some say is a 2 week supply at refineries, but it is funny when the price per barrel goes up pump prices go up overnight as well...

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post #8 of 39 Old 10-09-2008, 12:41 PM
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You guys are lucky.


North Carolina now has the highest fuel prices in the continental United States Thats what they said on the news yesterday.


We're still paying 3.99-4.49 for diesel here.

Jonathon or John Although technically i have a list of nicknames the length of I-95, so call me what ya like



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post #9 of 39 Old 10-09-2008, 01:13 PM
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You guys have it good. I am paying $5.64 a gallon in Alberta, and we are the largest supplier of oil, and gas to Canada, and the U.S.A. We also pay more than the national average in our province and we have the majority of the oil , and gas , and refineries. Go figure.
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post #10 of 39 Old 10-09-2008, 01:14 PM
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i seen $3.59 today, i bet i could find it for less also if i tried

im still alive and kickin...find me on FB..."StrokerX1"
SOLD my truck, another Diesel within 2011

NOTE: if your on OK and need some PSD work done, i know a dealer tech who does the work....PM me!
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