# 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:** 58

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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:** [August 14, 2008, 11:43am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1141 "2008-08-14T11:43:51Z")

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nice, thanks for the tip.

- karma

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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:** [August 14, 2008, 12:06pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1142 "2008-08-14T12:06:44Z")

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Oil $115.15 -$0.85

:roll:

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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:** [August 14, 2008, 12:15pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1143 "2008-08-14T12:15:25Z")

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> [@Joe](#):
>
> Plus they removed the $75 limit on credit card transactions. Having to do 2 swipes was really depressing.

Yeah, I’ve got the memo sitting here on my desk about that. All fuel dispense pre-auths are being changed to an amount determined by the average retail sale, anywhere between $1 to $500.

So basically it will now be up to each station to figure out how much they query your account for when you swipe your car. Previously most used $1, then anywhere from minutes to days later when the completion amount came in they would reverse that $1 hold, and place the charge for how ever much you actually spent. The $1 just basically proved it was a valid card linked to a valid account.

When fuel prices went up, many places changed that $1 to $50 or $75 due to fraud. They had too many people that figured out if they had $1 in their debit/atm account they could pump $100 of gas and get away with it. The down side is people were getting $75 holds on a $30 purchase, and the sale completion might not come in for 2 days.

Now on the new regs they are allowed to hold much more (up to $500), but the completion MUST come in within 2 hours. I’m not 100% on board with this plan, since most of the credit/debit card vendors have major issues getting the trace numbers to match up between the hold and completion, but we’ll see how it goes. Right now all the gas holds I place on our systems have a 3 day auto-release because I’ve seen way too many completions come in that we are unable to match to a hold because some key trace number was either missing or wrong.

CLIFFS:  
If you pump more than $75 and the pump lets you, make sure to watch your account for any holds that get stuck on there while these new regs roll out. It would suck getting $10 in gas for your mower and end up with a $500 hold on your account for several days.

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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:** [August 14, 2008, 12:28pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1144 "2008-08-14T12:28:25Z")

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Good to know. +karma

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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:** [August 15, 2008, 7:34am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1145 "2008-08-15T07:34:36Z")

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> [@JayS](#):
>
> And it’s back down again. As stated a couple pages back the trend is going to be downward with small spikes based on world events.
> 
> This, assuming the dollar doesn’t tank causing investors to once again flock to oil.

That was on the 12th when j\_espo was upset it was back up to 115. Since then oil spiked to what, around 118, and today it’s back down to 112 and falling.

I’m predicting close to 110 today. The dollar making big gains has to swing oil lower.

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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:** [August 15, 2008, 8:10am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1146 "2008-08-15T08:10:36Z")

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Oil $112.10 -$2.91 🙂

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**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\
**Post date:** [August 15, 2008, 8:27am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1147 "2008-08-15T08:27:34Z")

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i paid 3.95 for gas this morning in springville makes me want to buy super for 4.14

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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:** [August 15, 2008, 8:30am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1148 "2008-08-15T08:30:07Z")

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Oil $111.70 -$3.32

:eek: :tup:

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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:** [August 15, 2008, 8:30am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1149 "2008-08-15T08:30:40Z")

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> [@justa4door](#):
>
> i paid 3.95 for gas this morning in springville makes me want to buy super for 4.14

:lol:

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**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\
**Post date:** [August 15, 2008, 8:41am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1150 "2008-08-15T08:41:02Z")

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well to me its a deal $4.14 for the super cant go wrong right :gotme: and it will make the car go faster …ha

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**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\
**Post date:** [August 15, 2008, 8:45am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1151 "2008-08-15T08:45:48Z")

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lol

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<div class="post-metadata">

**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:** [August 15, 2008, 8:48am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1152 "2008-08-15T08:48:18Z")

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> [@JayS](#):
>
> I’m predicting close to 110 today. The dollar making big gains has to swing oil lower.

> [@j\_espo1](#):
>
> Oil $111.70 -$3.32
> 
> :eek: :tup:

😉

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**Author:** ![JEG](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jeg/32/7246_2.png) [@JEG](https://forums.speedlife.net/u/JEG)\
**Post date:** [August 15, 2008, 9:39am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1153 "2008-08-15T09:39:08Z")

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> [@j\_espo1](#):
>
> Oil $111.70 -$3.32
> 
> :eek: :tup:

:bigclap:

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<div class="post-metadata">

**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:** [August 15, 2008, 12:17pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1154 "2008-08-15T12:17:29Z")

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Oil $113.75 -$1.31

fucking cocksuckers, every day right at 3pm oil rallies. :mad:

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<div class="post-metadata">

**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:** [August 15, 2008, 12:31pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1155 "2008-08-15T12:31:00Z")

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Meh, down is down. It can’t continue holding in the 100’s with the dollar continuing to climb.

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<div class="post-metadata">

**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:** [August 18, 2008, 1:24pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1156 "2008-08-18T13:24:48Z")

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Closes at 112.87.

This thread was created on 3/10/08, and the first price mentioned was on 3/11/08 at $109. Who thinks we’ll see $109 before the end of the week?

Fuck all that noise about the hurricane because it’s not heading into the oil areas of the gulf:

![http://www.nhc.noaa.gov/storm_graphics/AT06/refresh/AL0608W5_sm2+gif/145241W_sm.gif](http://www.nhc.noaa.gov/storm_graphics/AT06/refresh/AL0608W5_sm2+gif/145241W_sm.gif)

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<div class="post-metadata">

**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\
**Post date:** [August 18, 2008, 3:40pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1157 "2008-08-18T15:40:08Z")

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Since oil went down I did my part as an American and got a SUV :tup:

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**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\
**Post date:** [August 19, 2008, 10:08am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1158 "2008-08-19T10:08:16Z")

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115.28 +2.41 ☹

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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:** [August 19, 2008, 11:00am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1159 "2008-08-19T11:00:13Z")

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Oil $113.15 +$0.28

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**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\
**Post date:** [August 19, 2008, 11:05am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1160 "2008-08-19T11:05:00Z")

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i almost pissed myself when i seen $3.90 yesterday :tup:

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