# The "Oil Prices" thread. **URL:** \ **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:** 62
**Author:** ![Jim1234664](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jim1234664/32/7438_2.png) [@Jim1234664](https://forums.speedlife.net/u/Jim1234664)\ **Post date:** [September 2, 2008, 4:54am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1221 "2008-09-02T04:54:36Z")
fuck yea ---
**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:** [September 2, 2008, 4:57am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1222 "2008-09-02T04:57:42Z")
come on 99. Glad i wasnt greedy and took my profit when I could. couple PMed me about how to do so over the weekend…i will be responding when i get to work. ---
**Author:** ![benji86](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/benji86/32/7309_2.png) [@benji86](https://forums.speedlife.net/u/benji86)\ **Post date:** [September 2, 2008, 7:42am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1223 "2008-09-02T07:42:47Z")
holy shit nice :tup: ---
**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:** [September 2, 2008, 7:46am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1224 "2008-09-02T07:46:59Z")
> [@MOBOOST4U](#): > > Im right there with ya… > > But what can be done in terms of the market and regulating speculation. What ideas have been proposed? (pardon my lack of following the situation) The best proposition I’ve heard was to simply up the margin requirements to match those that are already used for stock purchases. ---
**Author:** ![Janus](https://avatars.discourse-cdn.com/v4/letter/j/c2a13f/32.png) [@Janus](https://forums.speedlife.net/u/Janus)\ **Post date:** [September 2, 2008, 7:49am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1225 "2008-09-02T07:49:32Z")
wasn’t gas hovering around 2.75 a gallon when oil cost sub-110 a barrel? im still paying 3.65-3.85 ---
**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:** [September 2, 2008, 7:51am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1226 "2008-09-02T07:51:16Z")
crude oil -\> pipelines -\> refineries -\> trucks -\> gas station. It’s a slow process, with a bunch of shit involved. Oil price jump/fall /= gas price jump/fall. At least immediately. ---
**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:** [September 2, 2008, 7:54am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1227 "2008-09-02T07:54:54Z")
^ Yep. Picture a small weight dragging around a big weight by a rubber band. As the small weight takes off the big weight moves very slowly at first but eventually catches up. That big weight was gas prices as oil skyrocketed. As oil went from 100 to 130 gas barely moved at all then finally started climbing. As oil stopped climbing gas continued going up for 2-3 weeks while it was playing catchup. Now we’re starting that whole process over again but going in the other direction. [http://tonto.eia.doe.gov/oog/ftparea/wogirs/xls/pswrgvwrec.xls](http://tonto.eia.doe.gov/oog/ftparea/wogirs/xls/pswrgvwrec.xls) ---
**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:** [September 2, 2008, 7:59am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1228 "2008-09-02T07:59:04Z")
but there is a new storm … i think 112 for today ---
**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:** [September 2, 2008, 8:03am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1229 "2008-09-02T08:03:08Z")
It’s gonna hit the atlantic coast. Not gonna get into the gulf. Shouldn’t be a problem ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [September 2, 2008, 8:05am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1230 "2008-09-02T08:05:30Z")
yeah hurricane hanna is not going to be affecting those refineries. It is however going to put a damper on my fucking weekend. I am liking these crude oil prices for today. Hopefully it will close below 110 ---
**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:** [September 2, 2008, 8:20am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1231 "2008-09-02T08:20:24Z")
Oil $109.50 -$5.96 ---
**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:** [September 2, 2008, 9:10am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1232 "2008-09-02T09:10:31Z")
Heard on the radio it was down almost 7 to around 108 ---
**Author:** ![Superium](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/superium/32/7405_2.png) [@Superium](https://forums.speedlife.net/u/Superium)\ **Post date:** [September 2, 2008, 9:53am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1233 "2008-09-02T09:53:14Z")
Awesome! I’m so naming my son Gustav. ---
**Author:** ![OfficerK](https://avatars.discourse-cdn.com/v4/letter/o/4da419/32.png) [@OfficerK](https://forums.speedlife.net/u/OfficerK)\ **Post date:** [September 3, 2008, 8:28am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1234 "2008-09-03T08:28:47Z")
-1.94 107.77 ---
**Author:** ![Janus](https://avatars.discourse-cdn.com/v4/letter/j/c2a13f/32.png) [@Janus](https://forums.speedlife.net/u/Janus)\ **Post date:** [September 4, 2008, 7:54am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1235 "2008-09-04T07:54:23Z")
> [@JayS](#): > > ^ Yep. Picture a small weight dragging around a big weight by a rubber band. As the small weight takes off the big weight moves very slowly at first but eventually catches up. That big weight was gas prices as oil skyrocketed. As oil went from 100 to 130 gas barely moved at all then finally started climbing. As oil stopped climbing gas continued going up for 2-3 weeks while it was playing catchup. > > Now we’re starting that whole process over again but going in the other direction. > [http://tonto.eia.doe.gov/oog/ftparea/wogirs/xls/pswrgvwrec.xls](http://tonto.eia.doe.gov/oog/ftparea/wogirs/xls/pswrgvwrec.xls) thats understandable, but gas prices increase when oil increases within hours. speculation aside, i think alot of it has to do with the achievement of a maintainable profit margin. When hurricaine helen threatens (i should say if, but lets just assume for sake of argument that a hurricane will threaten again…) gas prices will instantly jump as oil will rise. but when oil drops after (much like with gustav) there is no appretiable drop in the gas prices. even if oil hits 100/bar., were never dropping below three again. ---
**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:** [September 4, 2008, 8:01am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1236 "2008-09-04T08:01:48Z")
> [@Janus](#): > > thats understandable, but gas prices increase when oil increases within hours. The problem is, no, they don’t. People like to believe that because it fits into their desire to believe the big oil company conspriacy but gas prices held very steady during oil’s record runup. It was all over the news at the time but people ignored it because it didn’t fit into their preconceived notion that they were getting scewed. [http://www.consumeraffairs.com/news04/2007/09/gas\_prices178.html](http://www.consumeraffairs.com/news04/2007/09/gas_prices178.html) The truth is it’s the same reasons it took a while for gas to catch up to oil when oil went up that are causing it to take a while to catch up now that oil is going down. I’m still betting oil will be near $80/barrel by the end of the year. I said it when it was nearing $150 and everyone called me crazy while saying the people calling for $200 oil were right. I was very happy to see that Ospraie Management, a huge commodities trader, was shutting down their big oil hedge fund after taking a 38% loss. ---
**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:** [September 4, 2008, 8:02am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1237 "2008-09-04T08:02:26Z")
If you want to look at crude prices versus gas prices, check this out. > **[Gas Price Charts - GasBuddy.com](https://www.gasbuddy.com/Charts)** > > GasBuddy lets you search for Gas Prices by city, state, zip code, with listings for all cities in the USA and Canada. Updated in real-time, with national average price for gasoline, current trends, and mapping tools. The trends follow each other pretty well. ---
**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:** [September 4, 2008, 8:13am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1238 "2008-09-04T08:13:18Z")
Since gas buddy custom charts don’t seem to link well… ![http://i224.photobucket.com/albums/dd75/jsears77/untitled.jpg](http://i224.photobucket.com/albums/dd75/jsears77/untitled.jpg) ---
**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:** [September 4, 2008, 8:13am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1239 "2008-09-04T08:13:35Z")
> [@JayS](#): > > I’m still betting oil will be near $80/barrel by the end of the year. +1 ---
**Author:** ![ineedacar](https://avatars.discourse-cdn.com/v4/letter/i/48db29/32.png) [@ineedacar](https://forums.speedlife.net/u/ineedacar)\ **Post date:** [September 4, 2008, 8:14am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1240 "2008-09-04T08:14:19Z")
+2 well… betting, no… praying to the sweet dear lord, YES. [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=61) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=63)