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

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O Town
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#981 Postby O Town » Thu Nov 20, 2008 10:07 am

:uarrow: Wow!
I saw 1.96 yesterday.
CRIKEY!!!!!!!
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#982 Postby HURAKAN » Thu Nov 20, 2008 10:31 am

I saw $2.17 in a Mobil gas station close to my house.
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#983 Postby southerngale » Thu Nov 20, 2008 11:43 am

Gas was $1.81 at Sam's Club in Beaumont last night. Wow!
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#984 Postby angelwing » Thu Nov 20, 2008 1:52 pm

$1.78 this AM in NJ, still between $2.05-2.15 in Blue Bell
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#985 Postby Cyclenall » Thu Nov 20, 2008 3:29 pm

Oil prices are now under $50!! My desired price is $20 a barrel.
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#986 Postby HURAKAN » Thu Nov 20, 2008 3:36 pm

Oil price lowest since 2005.

Link: http://www.nytimes.com/2008/11/21/busin ... il.html?em
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#987 Postby Derek Ortt » Thu Nov 20, 2008 5:30 pm

$20 is too low. That would put deflationary pressure on the economy, sending us right into depression
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#988 Postby azsnowman » Thu Nov 20, 2008 5:35 pm

Derek Ortt wrote:$20 is too low. That would put deflationary pressure on the economy, sending us right into depression



We are already in "deflation" according to CBS, MSNBC this morning....all I can say, I've read the Book and I know how this will all end :ggreen:
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Re: Oil price over $147 for the first time-now below $50

#989 Postby Stephanie » Thu Nov 20, 2008 8:32 pm

Everything will lose it's value. We'll all be paying off debt on items that are no longer selling at the price we originally bought them for.

My head is spinning.... :double:
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Re: Oil price over $147 for the first time-now below $50

#990 Postby gtalum » Fri Nov 21, 2008 9:19 am

Stephanie wrote:Everything will lose it's value. We'll all be paying off debt on items that are no longer selling at the price we originally bought them for.


Isn't that always the case? Everything (excepting some collectors' items) loses it's value as soon as you buy it.
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Re: Oil price over $147 for the first time-now below $50

#991 Postby Stephanie » Fri Nov 21, 2008 7:35 pm

gtalum wrote:
Stephanie wrote:Everything will lose it's value. We'll all be paying off debt on items that are no longer selling at the price we originally bought them for.


Isn't that always the case? Everything (excepting some collectors' items) loses it's value as soon as you buy it.


I wasn't talking about the obvious - cars, clothing, etc. I was referring more to homes and the next new car you get may actually be cheaper than the one you bought the last time.
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#992 Postby JonathanBelles » Fri Nov 21, 2008 9:03 pm

Prices have nose dived in the last week. When I left for P'Cola, it was $2.06, now its $1.88! WOO HOO!
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Re: Oil price over $147 for the first time-now below $50

#993 Postby vbhoutex » Fri Nov 21, 2008 11:53 pm

We are now down to 1.749 for gas in our area!!! :eek: :eek:
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#994 Postby southerngale » Sat Nov 22, 2008 3:21 am

This thread ought to give you a laugh. :lol:
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Re:

#995 Postby somethingfunny » Sat Nov 22, 2008 4:05 am

southerngale wrote:This thread ought to give you a laugh. :lol:


LMAO YES.


I bought 10 gallons today for $16 and it wasn't even the cheapest in town. :eek:

It cracks me up now to see cars lined up 3-deep at each pump at the WalMart for $1.51/gallon. Good grief...the empty gas station next door is still selling it for $1.59! Dirt cheap!
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Re:

#996 Postby Stephanie » Sat Nov 22, 2008 11:46 am

southerngale wrote:This thread ought to give you a laugh. :lol:


It's funny and sad at the same time.
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#997 Postby HURAKAN » Mon Dec 01, 2008 5:31 pm

I pumped gas on Saturday in Fort Lauderdale, FL, for $1.93. First time below $2 in a long time.

Image
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Derek Ortt

#998 Postby Derek Ortt » Mon Dec 01, 2008 5:57 pm

got gas at Key Largo on Friday for 1.86. Prices a bit higher in Miami and Key West
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Re: Re:

#999 Postby somethingfunny » Thu Dec 04, 2008 1:41 pm

somethingfunny wrote:
I bought 10 gallons today for $16 and it wasn't even the cheapest in town. :eek:

It cracks me up now to see cars lined up 3-deep at each pump at the WalMart for $1.51/gallon. Good grief...the empty gas station next door is still selling it for $1.59! Dirt cheap!


Well...prices have stopped falling here in Grayson County. The cheapest is still $1.52, and most stations have actually jumped back up a nickel or a dime per gallon since Thanksgiving. Looks like the rest of the country is getting a chance to catch up finally.
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Re: Oil price over $147 for the first time-now below $50

#1000 Postby vbhoutex » Thu Dec 04, 2008 2:57 pm

Prices seem to have stabilized at around 1.549 to 1.659 per gallon here in the Houston area.
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