# soaring oil prices....plunging stock market.
**URL:** https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689
**Category:** PittSpeed Off Topic
**Created:** [April 16, 2005, 7:35am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689 "2005-04-16T07:35:58Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)
#### Post date: [April 16, 2005, 7:35am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/1 "2005-04-16T07:35:58Z")
On Friday, Wall Street suffered its worst single day loss in nearly two years when the Dow Jones industrial average plunged 191.24 points. It was the third straight triple-digit decline, which last occurred in January 2003.
The sell-off was blamed on increasing worries that the U.S. economy — the locomotive for the global economy — could hit a “soft patch” worse than the slowdown of last spring and summer, which followed spikes in gasoline and energy prices.
[http://news.yahoo.com/news?tmpl=story&u=/ap/20050416/ap\_on\_bi\_ge/finance\_meetings](http://news.yahoo.com/news?tmpl=story&u=/ap/20050416/ap_on_bi_ge/finance_meetings)
:eek4:
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### Author:  [@danteisme](https://forums.speedlife.net/u/danteisme)
#### Post date: [April 16, 2005, 7:47am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/2 "2005-04-16T07:47:24Z")
gas went down in morgantown like 13 cents yesterday. so what does that mean in relation to that article?
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### Author:  [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)
#### Post date: [April 16, 2005, 7:48am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/3 "2005-04-16T07:48:24Z")
dunno… maybe prices are gonna drop… or maybe someone was trying to get rich before yesterday?
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### Author:  [@danteisme](https://forums.speedlife.net/u/danteisme)
#### Post date: [April 16, 2005, 8:19am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/4 "2005-04-16T08:19:52Z")
all i know is it pissed me off when i filled up on 93 at 2.43, then like 5 hours later its now 2.29 for 93. DOH
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### Author:  [@Sight\_N\_Sound](https://forums.speedlife.net/u/Sight_N_Sound)
#### Post date: [April 16, 2005, 8:23am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/5 "2005-04-16T08:23:57Z")
Maybe the price drop in Morgantown has to do with the State making english its official language 😃
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### Author:  [@danteisme](https://forums.speedlife.net/u/danteisme)
#### Post date: [April 16, 2005, 8:31am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/6 "2005-04-16T08:31:53Z")
haha yeah its a celebration!
i speak dis english officallly now in here morgantown…woooooot
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### Author:  [@Darkstar](https://forums.speedlife.net/u/Darkstar)
#### Post date: [April 16, 2005, 9:27am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/7 "2005-04-16T09:27:51Z")
prices at the pump are about two weeks behind the price of oil. This reduction in price is very temporary. Watch for gas to shoot right back up and well beyond what it was before. And yes, its totally assfucking the enconomy. Thanks W.
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### Author:  [@Jeff95TA](https://forums.speedlife.net/u/Jeff95TA)
#### Post date: [April 16, 2005, 9:41am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/8 "2005-04-16T09:41:32Z")
If you factor in inflation, gas prices are not the highest they’ve ever been. I guess that doesn’t make for interesting news though.
Not that I wouldn’t like to pay less!
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### Author:  [@imported\_gearhead](https://forums.speedlife.net/u/imported_gearhead)
#### Post date: [April 16, 2005, 10:25am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/9 "2005-04-16T10:25:31Z")
I’ve seen predictions of 3-5$/gallon by xmas 05’
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### Author:  [@system](https://forums.speedlife.net/u/system)
#### Post date: [April 16, 2005, 10:27am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/10 "2005-04-16T10:27:56Z")
My prediction is it will go to 3 bucks a gallon and then settle to 2.50
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### Author:  [@8Grand](https://forums.speedlife.net/u/8Grand)
#### Post date: [April 17, 2005, 5:19pm UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/11 "2005-04-17T17:19:15Z")
> [@gearhead](#):
>
> I’ve seen predictions of 3-5$/gallon by xmas 05’
/me goes out and buys a cheap civic to beat around in
:eek4:
I am now kicking myself for buying the SRT lol…
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### Author:  [@imported\_weaves](https://forums.speedlife.net/u/imported_weaves)
#### Post date: [April 17, 2005, 5:41pm UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/12 "2005-04-17T17:41:04Z")
Stay out of the boost. Going to State College a few weeks ago, I got 32-34 MPG on the highway. Now last night, I was up there and did 90-155 the whole way back at 4 am, you could actually watch the gas gauge going down.
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### Author:  [@Bravada\_442](https://forums.speedlife.net/u/Bravada_442)
#### Post date: [April 18, 2005, 9:03am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/13 "2005-04-18T09:03:14Z")
> [@gearhead](#):
>
> I’ve seen predictions of 3-5$/gallon by xmas 05’
Everyone has a doomsday theory. $5/gallon ain’t happening in the near future (i.e. within the next 5 years) unless there is some sort of MAJOR supply disruption, like, say, Saudi Arabia getting Nuked or that big ass oil company in Russia (I think its called Pekos) going in the shitter b/c of all the money they owe to the government.
I’ve been doing alot of research and theory on China, their demands, especially on Oil, Concrete, and Raw Steel, and how it affects the world economy for one of my economics classes at school. China released some projections that their demand was going to be WAY down, like 10 to 12% this year. That, along with OPEC’s statement of raising BPD output, caused prices to dip. I honestly think prices will get up around $2.45 to $2.50 sometime this summer, then as fall approaches they’ll be closer to $2, somewhere around 2 to 2.15.
I’m no economist, but those prices are what I get from my research (just a little) and alot of what some of the petroleum reserve, world bank, and IMF economists have been saying.
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### Author:  [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)
#### Post date: [April 18, 2005, 9:05am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/14 "2005-04-18T09:05:57Z")
shit i remember paying $0.60 for 87 like 5 years ago
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### Author:  [@77rednecktruck](https://forums.speedlife.net/u/77rednecktruck)
#### Post date: [April 18, 2005, 9:13am UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/15 "2005-04-18T09:13:53Z")
I can’t fucking stand all this talk about the gas prices. Who gives a fuck. I will not change driving habits until the gas gets to about $6/gallon. If you can’t afford to drive your car, don’t fucking drive it. At least quit bitching about it. Gas prices should have moved up a long time ago to where they are now, but they have stayed low and now everyone just wants something to bitch about. Would any of you seriously not buy a car because of the gas mileage it gets? I like driving my truck and will continue to do so, even though it gets less than 10 MPG.
/rant
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### Author:  [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)
#### Post date: [April 18, 2005, 1:34pm UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/16 "2005-04-18T13:34:02Z")
yes id buy a car based on economy
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### Author:  [@77rednecktruck](https://forums.speedlife.net/u/77rednecktruck)
#### Post date: [April 18, 2005, 1:35pm UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/17 "2005-04-18T13:35:03Z")
> [@HaNnIBaL64](#):
>
> yes id buy a car based on economy
:lameasfuck:
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### Author:  [@05XRunner](https://forums.speedlife.net/u/05XRunner)
#### Post date: [April 18, 2005, 1:37pm UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/18 "2005-04-18T13:37:16Z")
I see that on lebanon chruch road at sanoco 93 is only 2.21 gal…Thats what it was lastnight when i drove past at least
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### Author:  [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)
#### Post date: [April 18, 2005, 1:37pm UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/19 "2005-04-18T13:37:58Z")
> [@77rednecktruck](#):
>
> :lameasfuck:
:moremoneytospendonuneconomicalcar:
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### Author:  [@HaNnIBaL64](https://forums.speedlife.net/u/HaNnIBaL64)
#### Post date: [April 18, 2005, 1:38pm UTC](https://forums.speedlife.net/t/soaring-oil-prices-plunging-stock-market/173689/20 "2005-04-18T13:38:22Z")
it 2.06 here in OHIO
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