# 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:** 1\
**Showing post:** 194

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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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