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Monday, August 22, 2011

Oil Drops Below $80.00 A Barrel

Oil fell, dipping below $80 a barrel in New York for the first time in more than a week, on concern that slower economic growth will erode fuel demand. Brent crude traded at a record premium to U.S. prices.
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6 comments:

  1. AnonymousAugust 23, 2011 at 1:02 AM

    Gas at the pump should be below 2.00 a gallon now, but who is price controlling?

    OBAMA for His Muslim BUDDIES!!!!

    ReplyDelete
  2. AnonymousAugust 23, 2011 at 6:39 AM

    1:02 you are an idiot

    ReplyDelete
  3. AnonymousAugust 23, 2011 at 7:33 AM

    So why aren't my gas prices going down? At these prices per barrel, shouldn't gas at the pump be significantly decreasing? Or do the feds hope we don't notice?

    ReplyDelete
  4. AlexAugust 23, 2011 at 7:59 AM

    1:02 you truly are an idiot
    7:33 prices will drop, but you don't see it right away because of lag time (usually about 10 days).
    The oil company buys crude at a higher price, ships it, refines it and must sell it at higher price. The process takes about 10 business days.

    ReplyDelete
  5. AnonymousAugust 23, 2011 at 8:59 AM

    When crude goes up it dos'nt take ten days for prices to rise at the pump. This usually happens the next day.

    ReplyDelete
  6. AnonymousAugust 23, 2011 at 10:06 AM

    Pump Price never goes down as fast as it goes up or as low as they are higher

    ReplyDelete

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