Oil Prices Drop!

[chadrcr]

Originally Posted by Twins

i'm screaming the US and Canada need to use a single Currency b/c they use the canadian dollar... we could equal or beat the Euro...

Can we make it the AMERICAN dollar.... not to bring back the debate about whether Canadians are American....
are 'we' United Statesians? I guess 'we' get the whole continent.
anyway back to the topic.

[GSX]

Originally Posted by aston70

I've been watching oil today, it just jumped almost $9 today. At the time of this post: $8.81 according to CnnMoney.com.

Honestly I have to say that we need to rebel and take over wall street soon. Or protest the Euro.

[NOODLESgoneWILD]

Originally Posted by GSX

Honestly I have to say that we need to rebel and take over wall street soon. Or protest the Euro.

I agree...look at the price of oil this week alone ! all because the Euro Banks raised there interest rates.

[CamaroSpike23]

Originally Posted by gtahvit

And of course gas prices are already rising at the pumps here. And, No, prices didn't drop at the pump when oil prices dropped. Why do they go up so quickly at the pump when oil is up???

cus they dont directly correlate with each other as they should. you have to remember, if gas stations are full up on their tanks then they wont benefit as much from the gas company lowering the price momentarily. cus by the time the gas station needs to refill its tanks, the price has leveled back out.

Originally Posted by chadrcr

Where is Teddy Roosevelt (the trust-buster) when you need him?
All that work they did 100 years ago- splitting up oil companies....
Now they are merging back together. Supposedly to cut costs, definitely to increase profits, probably not to benefit consumers (at least with $per gal).

thats how you create a monopoly.

[Muscle Master]

Originally Posted by gtahvit

And of course gas prices are already rising at the pumps here. And, No, prices didn't drop at the pump when oil prices dropped. Why do they go up so quickly at the pump when oil is up???

heres my guess and this is just common sense on my part, sinces its proven that fossil fuel (oil/gas) is harmful to the eviroment, so automakers are making gas sippers, or cars that gets 30 to the gallon which means less oil/gas america has to buy, so the average arab that control the oil supply thinks this: if there making cars that don't rely on gas or requries less gas then I better jack the price up and make my money while I can

didnt everyone heard about Bush heading to the middle to negotiate oil prices with the arabs but his request was shot down