Oil Prices Falling Like a Rock!!!!

[fishbear]

Crude fell to February's level of the low 90.00's!  

[rondef]

The oly problem is unleaded fuel (gas) is still trading at $2.45 right now.  If you add the federal, state and local taxes as well as gas station markups/profit we are still not going to see low gas prices. >

[fishbear]

The news I heard on the radio said gas under 3.00/gal. before Thanksgiving...  

[Raul]

The oly problem is unleaded fuel (gas) is still trading at $2.45 right now. If you add the federal, state and local taxes as well as gas station markups/profit we are still not going to see low gas prices. >

And add to that that Ike whupped good some refineries at the gulf ....

[zellamander]

You guys must not be in Kansas. We just had a .20 jump again. Now we are back at $3.79 a gallon. Gotta love those hurricanes. :

[Hookemdown.]

Gas has been 3.99 since Ike here.

[Troutfisher]

Give it time guys!  The prices are going to come down.  Just a matter of time.

[Raul]

Give it time guys! The prices are going to come down. Just a matter of time.

Yeah, right  :.

Gas price went up down here too.

[rondef]

Prices will not come down until all of the refineries are back online and that could take some time.  Unleaded gas is currently trading at $2.40 a gallon.

[Troutfisher]

Give it time guys! The prices are going to come down. Just a matter of time.

Yeah, right :.

Gas price went up down here too.

It's a commodity, just like anything else. Every market falls and rises and adjusts itself.  The housing bubble expanded and expanded, until it eventually popped (as we see today).  Oil is doing the same thing, and I'm certain gas prices will follow suit.