# The "Oil Prices" thread.

**URL:** <https://forums.speedlife.net/t/the-oil-prices-thread/44739>\
**Category:** NYSpeed Off Topic\
**Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")\
**Posts on this page:** 20\
**Page:** 10

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**Author:** ![SVT3945](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/svt3945/32/7409_2.png) [@SVT3945](https://forums.speedlife.net/u/SVT3945)\
**Post date:** [April 15, 2008, 9:31am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/181 "2008-04-15T09:31:41Z")

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why do i get the feeling we are funding the production of a man made island off the cost of dubai ??

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**Author:** ![Paulo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paulo/32/7328_2.png) [@Paulo](https://forums.speedlife.net/u/Paulo)\
**Post date:** [April 15, 2008, 9:41am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/182 "2008-04-15T09:41:16Z")

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> [@SVT3945](#):
>
> why do i get the feeling we are funding the production of a man made island off the cost of dubai ??

the last time you filled up, they bought a Gold Paperweight.

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**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\
**Post date:** [April 15, 2008, 10:03am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/183 "2008-04-15T10:03:50Z")

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its only $3.11 here

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [April 16, 2008, 9:25am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/184 "2008-04-16T09:25:51Z")

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> Apr. 16, 2008 (Thomson Financial delivered by Newstex) – Oil rallied to new record highs, moving close to $115 per barrel in New York, after the Energy Information Administration (EIA) said United States crude oil inventories fell unexpectedly last week after a large drop in imports.

.

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**Author:** ![bladez](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bladez/32/7237_2.png) [@bladez](https://forums.speedlife.net/u/bladez)\
**Post date:** [April 16, 2008, 5:53pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/185 "2008-04-16T17:53:00Z")

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i’m all for it…higher oil goes…the more my 401k goes up 😃

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**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\
**Post date:** [April 16, 2008, 9:30pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/186 "2008-04-16T21:30:37Z")

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3.58 for 87 in boston,ny ☹  
3.80 for 93

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**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\
**Post date:** [April 18, 2008, 1:08am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/187 "2008-04-18T01:08:13Z")

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now today it went up to 3.66 for regular… 3.90 for 93. yummy

I saw 3.73 in buffalo tonight for 87. yucky

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**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\
**Post date:** [April 18, 2008, 6:57am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/188 "2008-04-18T06:57:44Z")

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3.30 in VA

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**Author:** ![AfXtc777](https://avatars.discourse-cdn.com/v4/letter/a/a9adbd/32.png) [@AfXtc777](https://forums.speedlife.net/u/AfXtc777)\
**Post date:** [April 18, 2008, 7:07am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/189 "2008-04-18T07:07:05Z")

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3.21 yesterday down here in FL at Costco, every other place is 3.40ish

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**Author:** ![The\_Russian](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/the_russian/32/7414_2.png) [@The\_Russian](https://forums.speedlife.net/u/The_Russian)\
**Post date:** [April 18, 2008, 10:51am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/190 "2008-04-18T10:51:54Z")

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3.51 in greece last night

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**Author:** ![giacb6usp](https://avatars.discourse-cdn.com/v4/letter/g/82dd89/32.png) [@giacb6usp](https://forums.speedlife.net/u/giacb6usp)\
**Post date:** [April 20, 2008, 7:45pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/191 "2008-04-20T19:45:58Z")

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4.09 NYC for 93…it’s here already…

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**Author:** ![j\_espo1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/j_espo1/32/7291_2.png) [@j\_espo1](https://forums.speedlife.net/u/j_espo1)\
**Post date:** [April 21, 2008, 5:11am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/192 "2008-04-21T05:11:23Z")

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117.60 a barrel today.

$5 a gallon is whats gonna happen.

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [April 21, 2008, 5:17am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/193 "2008-04-21T05:17:08Z")

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hurray for my XOM shares.

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**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [April 21, 2008, 5:21am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/194 "2008-04-21T05:21:17Z")

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> [@j\_espo1](#):
>
> 117.60 a barrel today.
> 
> $5 a gallon is whats gonna happen.

Wanna make a wager on that? $50 says we don’t see $5/gal regular unleaded here in WNY in 2008.

Most indications are that the dollar has hit rock bottom and has started to recover. The fed will probably make a 1/4 point cut at their next meeting and then hold, which should cause the dollar to start climbing. EU economists are signaling they are going to have to start cutting rates as well, which will also help the dollar. The dollar has been gaining on the Yen and started gaining on the Euro at the end of last week.

As the dollar climbs oil will go down.

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**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\
**Post date:** [April 21, 2008, 5:23am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/195 "2008-04-21T05:23:17Z")

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> [@JayS](#):
>
> Wanna make a wager on that? $50 says we don’t see $5/gal regular unleaded here in WNY in 2008.
> 
> Most indications are that the dollar has hit rock bottom and has started to recover. The fed will probably make a 1/4 point cut at their next meeting and then hold, which should cause the dollar to start climbing. EU economists are signaling they are going to have to start cutting rates as well, which will also help the dollar. The dollar has been gaining on the Yen and started gaining on the Euro at the end of last week.
> 
> As the dollar climbs oil will go down.

I’ll bet a tank of gas that we don’t break $4.50 for regular.

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [April 21, 2008, 6:45am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/196 "2008-04-21T06:45:09Z")

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anyone got the balls to short oil at $117? no risk, no reward…

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [April 21, 2008, 6:46am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/197 "2008-04-21T06:46:45Z")

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> [@JayS](#):
>
> Wanna make a wager on that? $50 says we don’t see $5/gal regular unleaded here in WNY in 2008.
> 
> Most indications are that the dollar has hit rock bottom and has started to recover. The fed will probably make a 1/4 point cut at their next meeting and then hold, which should cause the dollar to start climbing. EU economists are signaling they are going to have to start cutting rates as well, which will also help the dollar. The dollar has been gaining on the Yen and started gaining on the Euro at the end of last week.
> 
> As the dollar climbs oil will go down.

Jay you must realize that the average person crying about the oil prices has no clue about why or what drives the prices up. They just think there is some really mean guy somewhere that keeps raising the price or something. Over the next six months the dollar will gain a ton of strength as we have IMO hit bottom like you said. Last weeks reports were all blood red for the most part but only to the tune of about 1/3 the injury that was reported last quarter.

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**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [April 21, 2008, 6:59am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/198 "2008-04-21T06:59:51Z")

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> [@cougarspeed](#):
>
> Jay you must realize that the average person crying about the oil prices has no clue about why or what drives the prices up. They just think there is some really mean guy somewhere that keeps raising the price or something. Over the next six months the dollar will gain a ton of strength as we have IMO hit bottom like you said. Last weeks reports were all blood red for the most part but only to the tune of about 1/3 the injury that was reported last quarter.

You mean to say Dick Cheney doesn’t set the price of oil so his oil buddies can make extra profits?

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**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\
**Post date:** [April 21, 2008, 7:00am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/199 "2008-04-21T07:00:58Z")

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Why do you guys think that the dollar has hit its “low”, and why would you think that an interest rate cut will bolster the USD?

I also don’t think we’ll see $5/gallon regular this summer baring some catastrophic event, but I don’t see bbl prices going south anytime soon either.

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**Author:** ![brent\_strong](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/brent_strong/32/7203_2.png) [@brent\_strong](https://forums.speedlife.net/u/brent_strong)\
**Post date:** [April 21, 2008, 7:03am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/200 "2008-04-21T07:03:03Z")

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> [@cougarspeed](#):
>
> They just think there is some really mean guy somewhere that keeps raising the price or something.

They almost invariably blame George Bush. :blah:

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