Oil price over $147 for the first time-now above $80

[HURAKAN]

You guys are lucky.

Here in Miami gas is still around $2.59, some places have it cheaper.

[O Town]

2.18 the lowest in my zip code, but I heard Cosco and Sams have it for 2.09!!!!!
Unbelievable, I never thought it would get this low again, almost under 2 dollars.
With a large conversion van I am doing the happy dance.

[vbhoutex]

Gas is down to 1.849 just down the block from us. I too figured those days were long gone.

[Dionne]

If crude stays below $70 a barrel between now and December 3......we get a fuel supplement refund on our scheduled cruise into the Caribbean. That's an additional savings of $90 on a cruise that was already dirt cheap......5 days at $249 each.....an outside stateroom at that!!!

[vbhoutex]

If crude stays below $70 a barrel between now and December 3......we get a fuel supplement refund on our scheduled cruise into the Caribbean. That's an additional savings of $90 on a cruise that was already dirt cheap......5 days at $249 each.....an outside stateroom at that!!!

WOW!!!!!

[gtalum]

OT, but Dionne is right. Cruises are dirt cheap right now.

[senorpepr]

Gas prices here dropped again... $2.604/gallon

The locals are paying roughly $5.689/gallon

[HURAKAN]

I paid today $2.39. Lowest in years.

[JonathanBelles]

I saw it for $2.18 today, slowly dropping.

[dizzyfish]

I saw $2.13 this morning up by me and did a double take.

[Stephanie]

I saw $1.94 last night. I NEVER thought I'd see the day when it fell below $2.00. Unbelievable and THANK GOD!!

[Cyclenall]

Oil prices are below $60 now, how long has it been since it's been there?

[HURAKAN]

Oil barrel below $60. http://www.voanews.com/english/2008-11-11-voa21.cfm

[Tampa Bay Hurricane]

Keep on Dropping Baby! Down to 2.29 and 2.19 around me.

[Derek Ortt]

drop to about 30 per barrel

I want those 1.35 per gallon prices again. I have been seeing 2.36-2.40 around my area... but it is a lot cheaper to the south in homestead and key largo

[Ed Mahmoud]

Nobody seems to care when millions of American oil field workers lose their jobs, and many US wells are plugged permanently because they are no longer profitable.


It does mean the next run up in prices will be even steeper because domestic supplies will be even lower.

[Derek Ortt]

Nobody seems to care when millions of American oil field workers lose their jobs, and many US wells are plugged permanently because they are no longer profitable.


It does mean the next run up in prices will be even steeper because domestic supplies will be even lower.

didn't that occur last time when oil prices fell to about $9 a barrel?

That was too low in late 1998 and nearly deflated our economy. But the wells were long profitable at 35. Why would that be different this time?

[CajunMama]

The state of louisiana is losing millions with the price of oil being so low. Louisiana loses when oil drops to $60/barrel but we're ok at $70/barrel. So derek, while you want to enjoy $30/barrel just remember those families whose dad is out of work and can't feed his family.

[Ed Mahmoud]

Prices have gone up for everything in the oilfield in the last few years. Oil companies that produce in the US were barely getting by at $30, they couldn't now.


The big integrated operators buy most of their oil from the state oil companies in the Middle East or Venezuela, and make a fair amount of their profit off refining and marketing.

[vbhoutex]

Nobody seems to care when millions of American oil field workers lose their jobs, and many US wells are plugged permanently because they are no longer profitable.


It does mean the next run up in prices will be even steeper because domestic supplies will be even lower.

didn't that occur last time when oil prices fell to about $9 a barrel?

That was too low in late 1998 and nearly deflated our economy. But the wells were long profitable at 35. Why would that be different this time?

Because even with all the new technologies available, those older wells can only be pushed so far before it is no longer profitable to work them. I know because some of our wells have been shut down since then due to that factor.