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05-05-2011, 08:54 PM
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#1 |
 Drives: X5, FR-S Join Date: Sep 2010
Location: Texas
Posts: 195
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Crude oil dropped 9% today....
Crude oil just dropped $10/ 9% today, with the crude oil trading slightly below $100 a barrel I wonder when and how much effect we will see at the gas pump...
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05-05-2011, 08:57 PM
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#2 |
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Older than I look....
Drives: 2010 VR Camaro 2SS/RS LS3 Join Date: Feb 2011
Location: Washington
Posts: 6,481
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It takes a while before we see that at the pump...
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High Heels and Fast Wheels!!
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05-05-2011, 08:59 PM
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#3 |
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ZEUSS
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Yeah I just saw that too!
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05-05-2011, 08:59 PM
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#4 |
          
Drives: 2011 Camaro SS/RS Inferno Orange Join Date: Oct 2010
Location: York, PA
Posts: 6,592
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 I predict not much.
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05-05-2011, 09:01 PM
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#5 |
Drives: '10 1LT/RS Join Date: Apr 2010
Location: Canada
Posts: 610
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Well, if that went UP by $10/bbl, we would see it ASAP. Since it is a price drop, maybe we'll see a bit over the next few days, but a drop an equivalent drop (should be around 5-9% less at the pump) will not happen.
What the hell, maybe they will celebrate the cheaper crude prices by jacking up the price at the pump! |
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05-05-2011, 09:03 PM
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#6 | |
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Drives: X5, FR-S Join Date: Sep 2010
Location: Texas
Posts: 195
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Quote:
If we don't see any effect on the pump price after a 9% drop then it's seriously messed up.... 
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05-05-2011, 09:12 PM
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#7 | |
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Drives: X5, FR-S Join Date: Sep 2010
Location: Texas
Posts: 195
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Quote:
If oil get big recovery(maybe a 5% recovery in 2 days) from here they will jack up the pump gas price again... 
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05-05-2011, 09:14 PM
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#8 | |
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Guest
Join Date: Jun 2009
Location: PA
Posts: 4,812
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Quote:
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05-05-2011, 09:30 PM
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#9 | |
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Drives: X5, FR-S Join Date: Sep 2010
Location: Texas
Posts: 195
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Quote:
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05-05-2011, 09:32 PM
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#10 | |
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Guest
Join Date: Jun 2009
Location: PA
Posts: 4,812
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Quote:
 +1,000,000,000,000,000,000,000,000,000,000
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05-05-2011, 09:32 PM
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#11 |
Drives: 2010 Camaro SS/RS 6spd Join Date: Sep 2009
Location: Jefferson, Ga
Posts: 4,399
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I agree, when crude goes up so does the price at the pump, when it goes down it takes weeks! By that time it goes back up, so wammo , we see no change!
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05-05-2011, 10:40 PM
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#12 |
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Missing my SS :(
Drives: 2012 Ford Explorer [ :( ] Join Date: Nov 2009
Location: Las Vegas
Posts: 1,640
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Also when crude goes up gas goes up immediately. Then prices for goods and services go up because of gas prices. Then crude goes down and everything stays the same.
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05-05-2011, 11:56 PM
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#13 |
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Don't worry it will go back up whenever something does bad in the middle east again.
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05-06-2011, 07:22 AM
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#14 |
Drives: '91 RS Vert, '11 Grand Cherokee Join Date: May 2009
Location: Connecticut
Posts: 2,342
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It wont change. Our inflation is out of check and the value of our dollar is one of the reasons gas is rising for us but falling or staying the same for everyone else in the world.
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