jjjleblanc
Champion Author
Rochester
Posts:4,349
Points:1,100,475
Joined:Jun 2008
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Message Posted: Sep 4, 2010 9:36:29 PM
Contrary to market is unusual lately.
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FPLREP
Champion Author
Virginia
Posts:5,741
Points:1,986,120
Joined:Oct 2005
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Message Posted: Sep 4, 2010 3:47:37 PM
Wish it were 10%.
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Night Owl
Champion Author
Toronto
Posts:5,265
Points:1,333,725
Joined:Jul 2004
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Message Posted: Sep 4, 2010 1:18:02 PM
Good news, but oil prices should be much lower.
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ncomet1
Champion Author
Michigan
Posts:1,289
Points:408,780
Joined:Nov 2009
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Message Posted: Sep 4, 2010 11:36:31 AM
As usual, crude oil goes down and gas prices go up for the Holiday. PRICE GOUGING.
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JimTee
Champion Author
Tampa
Posts:2,322
Points:1,190,700
Joined:Apr 2006
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Message Posted: Sep 4, 2010 8:31:23 AM
It boggles my mind why oil prices can't remain at one price until a "significant event" happens. Sort of like the price of other consumable goods (food, medicine, TP or even your rent check...). OH that's right, it would put a lot of people out of work (speculators, investors, journalists, ....).
[Edited by: JimTee at 9/4/2010 8:35:07 AM EST]
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OnTheWater
Champion Author
Orange County
Posts:2,123
Points:622,380
Joined:Nov 2009
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Message Posted: Sep 4, 2010 1:10:54 AM
Yesterday I was hoping that it would fall and I'm glad to see that it did. But it still hasn't fallen enough. With the current shape our economy is in crude should be well below $70 a barrel now!!!!!
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playtimeCLE
Champion Author
Cleveland
Posts:5,906
Points:1,092,475
Joined:Nov 2008
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Message Posted: Sep 3, 2010 10:37:11 PM
Once the holiday weekend is over we might even see the price at the pumps drop too.
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Jeff4U
Champion Author
Atlanta
Posts:5,969
Points:1,386,605
Joined:Nov 2004
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Message Posted: Sep 3, 2010 10:10:22 PM
It was down to just over $72 earlier in the day. How it got back to near $75 is ridiculous. I'm baffled that it's not below $70, given the extremely bearish fundamentals.
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alterman156
Champion Author
New York
Posts:5,090
Points:1,091,100
Joined:Dec 2008
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Message Posted: Sep 3, 2010 8:45:50 PM
Hopefully, this will result in lower gasoline prices.
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brbaritone
Champion Author
Virginia
Posts:1,069
Points:1,271,480
Joined:Jan 2007
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Message Posted: Sep 3, 2010 8:25:21 PM
Oil continues to trade in a narrow band above $70/bbl. After Labor Day, we will see if oil and gasoline fall.
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