So how cheap is gas going to get??
10-10-2008, 10:48 AM
#1
Banned
Thread Starter
Join Date: Apr 2007
Posts: 269
Likes: 0
Received 0 Likes
on
0 Posts
So how cheap is gas going to get?? I've seen it at 2.88 here in pearland, also 2.88 @ a valero in friendswood. I remember someone on here saying it would NEVER get below $3.00 again. So how low will it go?
10-10-2008, 10:50 AM
#2
Banned
iTrader: (13)
Join Date: Jan 2008
Location: Alvin,Tx
Posts: 179
Likes: 0
Received 0 Likes
on
0 Posts
shhh dont ask or they might notice they let it drop under 3.00$!
LOL well I use 93 in all our vehicles so the closer to 3$ premium gets the better off I am. However gas has become less of what is used to be so in a way they are still making their money.
LOL well I use 93 in all our vehicles so the closer to 3$ premium gets the better off I am. However gas has become less of what is used to be so in a way they are still making their money.
10-10-2008, 12:06 PM
#3
TECH Addict
iTrader: (17)
Join Date: Jul 2007
Location: Texas
Posts: 2,496
Likes: 0
Received 0 Likes
on
0 Posts
i think they will let it drop real low, with the way the market is going if people see gas prices going up to, there would be a real panic. this way it looks like things arent as bad as they really are
BOSS APPROVED!
10-10-2008, 01:07 PM
#6
11 Second Club
Join Date: Sep 2008
Location: Houston, TX
Posts: 37
Likes: 0
Received 0 Likes
on
0 Posts
10-10-2008, 01:10 PM
#7
10 Second Club
iTrader: (4)
Join Date: Feb 2008
Location: S of Sugarland, TX
Posts: 86
Likes: 0
Received 0 Likes
on
0 Posts
I work in the oil and gas industry and based on current trends I will say we will see a drop of maybe another .10-.15, and then in Dec will start to rise again.
Trending Topics
10-10-2008, 03:58 PM
#15
TECH Fanatic
iTrader: (5)
Join Date: Mar 2007
Location: Evansville, IN
Posts: 1,199
Likes: 0
Received 0 Likes
on
0 Posts
Your news didnt stop the oil market from basically taking a rock to the bottom of the ocean. The recent run up in prices had literally nothing to do with supply and demand until Ike hit. There was ZERO fundamentals as to why it was really rising unless you count, "well it should be higher." It was 99% speculation and people trying to save money by diving into the commodity markets. Oil should settle back to $60-70 a barrel and maybe even lower if the recession takes on a global look.
OPEC doesnt have much say really especially when Saudi says that they will deny OPEC and export as much oil as they think the market needs.
