silversand
Montreal
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Joined: 09/12/2004
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Wow! This is even breaking my most recent (and, I admit, wild) prediction of $2.70 a gallon by late this fall/early winter, I'm happy to say.
87 octane gasoline is now at the mid $2.70 range throughout Oklahoma and in parts of Kansas and other states.
Does this mean that the Enron and London Loopholes bubble has burst, along with index speculation ? (it's too long to go into the complex history of oil commodities deregulation in the US in this Forum). How many speculators have been burned to a crisp going long? Any lessons learned here?
My new revised prediction for West Texas Intermediate and the Middle-East stuff is, are you sitting?, $50 bbl US.
Retail gasoline by January: $$2.25 a US gallon 87 octane.
Have a great day...
Silver-
*Note: on our side of the fence, Quebec retail gasoline really hasn't gone down at all! We're still paying an incredible ~~$1.22 a liter here (or, a whopping $4.31 an imperial gallon, imagine that!
Silver
2004 Chevy Silverado 2500HD 4x4 6.0L Ext/LB Tow Package 4L80E Michelin AT2s| Outfitter Caribou
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Albin
North Alabama
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Joined: 05/19/2006
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It's still $3.89 here in Madison, AL; I saw one diesel price yesterday of $4.59.
Yep, we're getting ripped off.
KI4Dxx
‘85 Toy 4Runner
'06 F-350 SRW 6.0 PSD XLT 4x4,
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swebber
Brunswick , MD
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Joined: 02/14/2005
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$3.39 in my area...
Steve & Tracy Webber
'07 F250 6.0PSD LariatFX4,AirLift,Edge,IFW BedSlide
'07 Jayco Eagle 314BHDS "The Cramalot Inn II"
ReeseDCHP,Atwood 3500#,FlushKing,WeberBabyQ
Our Pic's
We do not stop playing because we grow old, We grow old because we stop playing!
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Nascarcruzin
Home is where the RV is parked.
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Joined: 01/06/2005
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We saw regular unleaded 3.29 coming into SC on Monday. We are looking forward to these lower prices. The highest we paid was almost $6/gal in Canada this Summer.
Ronnie & Rebecca
Check out our journal: North to Alaska
Another website to view our trip to Alaska:
Adventure to Alaska
FMCA #388387
Full-time RVer's since 2004
Monaco LaPalma Workhorse chassis 37' 2-slides
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IMAGINEER
North Easton MA
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Joined: 01/01/2008
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There are two gas stations battling it out in Brockton, MA. $2.75 for gas and $3.57 for Diesel.
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tandkj
Full timer
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Joined: 08/04/2003
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On the road in KS, saw gas at $2.79 and diesel at $3.74. Gas going down fast but diesel is dragging along at a slow rate. Wish it was the other way.
08 Camelot
07 Ranger Toad
One lost Golden Retriever
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ogrer
Peterborough on
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Joined: 10/07/2005
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By comparison the Peterborough area is down too.
Silver we are at $1.03 from $1.40 a liter, how is yours?
To compare, (1.03 X 3.94) / .92 or $4.40 US a US gal.!!!!! Diesel is still at $1.22 a liter.
Bob
Bob & Jan
25C106 BIGFOOT Loaded Followed by a Regal LX 1750
2006 Dodge Ram 3500 4X4 DRWRhino Liner & Rubber Bed Mat
Tork Lifts Front and Back Fastguns Superhitch Super Truss 32"
And a Pumpkin Orange Rubi in tow
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silversand
Montreal
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Joined: 09/12/2004
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Oh, the great news is that the new administration (regardless of who gets in) will be doing the following:
..."Under pressure, the CFTC is closing the London loophole. Early in the next administration, Congress must slam shut the Enron and swaps loopholes. Index speculation should be curtailed by making such strategies illegal for regulated pension funds and by imposing limits for all traders on how much they can buy or sell. Investment banks using credit default swaps to enter the commodities markets should be regulated to the standards that apply to speculators, not as if they were heating-oil vendors hedging against a warm winter. Investigations now under way at the Federal Trade Commission, the Federal Energy Regulatory Commission, and the Department of Justice should be intensified, and criminal manipulation of the markets, if detected, should be punished." (site: Galbraith, 10/08)
Have a very great day!
Cheers,
Silver-
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silversand
Montreal
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Joined: 09/12/2004
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Ogrer:
Incredibly, yesterday in our area (Bromont) regular gas actually JUMPED in price up up $1.20 a liter!
Go figure!
Silver-
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Skipper Rod
Bellevue Nebraska
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Joined: 07/10/2007
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$2.94 here this morning
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