# 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:** 65
**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 11, 2008, 7:33am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1281 "2008-09-11T07:33:11Z")
> [@Joe](#): > > I hope and expect they leave it alone. Lowering the rate isn’t going to make mortgages any easier to get, they’re still super affordable, you just need dynamite credit. As for the economy, this slowdown is more unemployment and inflation than lack of liquidity. Not the type that can be fixed by lowering the fed funds rate, in fact just the opposite. Plus, our dollar is finally rallying a bit, in time for me to book my Caribbean spring break soon. Exactly. I was just baffled this morning when I read they were considering lowering it. Here’s the article: [http://money.cnn.com/2008/09/10/news/economy/fed\_outlook/index.htm?postversion=2008091014](http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm?postversion=2008091014) ---
**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 11, 2008, 7:35am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1282 "2008-09-11T07:35:44Z")
> [@Joe](#): > > Fuck yes. Just think of all the drilling puns. I’ll give you some offshore drilling. ---
**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 11, 2008, 7:56am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1283 "2008-09-11T07:56:31Z")
Well, after the oil traders start digesting this: [http://www.nyspeed.com/forums/showthread.php?p=1083772](http://www.nyspeed.com/forums/showthread.php?p=1083772) I’d say sub $100 is pretty likely to happen today. It saw 100.18 already. ---
**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 11, 2008, 8:04am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1284 "2008-09-11T08:04:52Z")
> [@JayS](#): > > Well, after the oil traders start digesting this: > [http://www.nyspeed.com/forums/showthread.php?p=1083772](http://www.nyspeed.com/forums/showthread.php?p=1083772) > > I’d say sub $100 is pretty likely to happen today. It saw 100.18 already. I agree. I think people are going to bail on futures for a while until this stabilizes out and word comes if OPEC is gonna bring them back or if this is gonna be their going forward decision. I can see it down to $90 by the end of the month if this keeps up. ---
**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 11, 2008, 8:42am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1285 "2008-09-11T08:42:03Z")
Oil $100.90 -$1.68 i cant believe we have virtually no gulf production going on, and a possible Cat 4 slamming into Texas and price is still dropping. if Ike doesnt do too much damage we may be looking at $90 a barrel late next week or the week after. now if the fucking pump prices would drop ---
**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 11, 2008, 12:04pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1286 "2008-09-11T12:04:19Z")
The wholesale price of gasoline ranged from $4 to nearly $5 a gallon at the U.S. Gulf Coast on Thursday, said Tom Kloza, publisher and chief oil analyst of the Oil Price Information Service in Wall, N.J. That was up significantly from about $3 to $3.30 a gallon on Wednesday, Kloza said. “We’re looking at the highest wholesale prices ever for a huge swath of the country,” he said. “People understand that regardless of what happens with Ike, it’s going to shut down the biggest refining cluster for a period of five, six, seven days.” **The wholesale price is what refineries charge retailers. Retailers then mark up those prices for the customer to make a profit — so if these wholesale prices hold, it could mean that pump prices for U.S. drivers easily break through the July 17 record of $4.114 a gallon.** :uhh: ---
**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 11, 2008, 12:05pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1287 "2008-09-11T12:05:58Z")
Yeah, if Ike lives up to the predictions it’s going to cause a **short term** spike in gas prices. Fill up tonight/tomorrow and if you’re the typical 12k/year driver chances are you’ll be able to miss most of the price spike. ---
**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 11, 2008, 12:10pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1288 "2008-09-11T12:10:25Z")
Great, I have a 1500 mile road trip coming up… ---
**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 11, 2008, 12:17pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1289 "2008-09-11T12:17:19Z")
> [@brent\_strong](#): > > Great, I have a 1500 mile road trip coming up… Buy some 55 gallon drums and stock up now. ---
**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 11, 2008, 12:20pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1290 "2008-09-11T12:20:33Z")
Heh yeah, especially rocking the Jeep. Doing Rochester -\> Detroit -\> Indianapolis -\> Grand Rapids -\> Detroit -\> Rochester. 1450 some miles by Google Maps… ---
**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 11, 2008, 12:23pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1291 "2008-09-11T12:23:24Z")
> [@brent\_strong](#): > > Great, I have a 1500 mile road trip coming up… I’ll be doing about 750 between today at 4pm and Sunday afternoon. At least I’ll get cheaper gas on the way there tonight. Might be expensive coming home. ---
**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 11, 2008, 12:32pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1292 "2008-09-11T12:32:57Z")
Yeah, hopefully prices won’t spike too badly. Most of my traveling will be on Friday and Monday, so I might be ok. ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [September 12, 2008, 12:45pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1293 "2008-09-12T12:45:13Z")
lol, gas was 3.99/gal on the way to work. it was 3.65 last night ☹ ---
**Author:** ![Jagermeister](https://avatars.discourse-cdn.com/v4/letter/j/f19dbf/32.png) [@Jagermeister](https://forums.speedlife.net/u/Jagermeister)\ **Post date:** [September 12, 2008, 12:56pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1294 "2008-09-12T12:56:04Z")
> [@boardjnky4](#): > > lol, gas was 3.99/gal on the way to work. > > it was 3.65 last night ☹ You are in NC, right? ---
**Author:** ![forthekicks385](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/forthekicks385/32/7484_2.png) [@forthekicks385](https://forums.speedlife.net/u/forthekicks385)\ **Post date:** [September 12, 2008, 2:20pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1295 "2008-09-12T14:20:21Z")
> [@Jagermeister](#): > > You are in NC, right? Location: NCSpeeder ---
**Author:** ![66impalass](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/66impalass/32/7429_2.png) [@66impalass](https://forums.speedlife.net/u/66impalass)\ **Post date:** [September 12, 2008, 4:33pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1296 "2008-09-12T16:33:46Z")
> [@boardjnky4](#): > > lol, gas was 3.99/gal on the way to work. > > it was 3.65 last night ☹ $3.36 this morning at 7:30 am $3.59 at 12:00 pm ---
**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:** [September 12, 2008, 6:09pm UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1297 "2008-09-12T18:09:41Z")
DOH! ---
**Author:** ![boardjnky4](https://avatars.discourse-cdn.com/v4/letter/b/96bed5/32.png) [@boardjnky4](https://forums.speedlife.net/u/boardjnky4)\ **Post date:** [September 13, 2008, 7:23am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1298 "2008-09-13T07:23:51Z")
> [@Jagermeister](#): > > You are in NC, right? tis correct I heard on the news it was gouging over $5 at some stations assholes ---
**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 15, 2008, 4:53am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1299 "2008-09-15T04:53:41Z")
94.42 :jawdrop: ---
**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 15, 2008, 4:59am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/1300 "2008-09-15T04:59:12Z")
no shit goes to [money.cnn.com](http://money.cnn.com) wow Price Change Trades Volume 07:42 - $ 96.21 4.97 4.91% 17,734 50,683 [Previous page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=64) [Next page](https://forums.speedlife.net/t/the-oil-prices-thread/44739.md?page=66)