Thread: OT - Gas
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  #15  
Old November 21st, 2008, 03:21 AM posted to rec.outdoors.fishing.fly
Peaceful Bill
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Posts: 219
Default OT - Gas

rw wrote:
Peaceful Bill wrote:
Frank Reid © 2008 wrote:

May make it easier to take a trip by road. $1.79 in Omaha. Just
filled up for $24.
Frank Reid



RBOB dropped below $1.00 for a while today (I think for January
delivery). Currently at $1.00. Retail pump prices will likely drop
to around $1.15 to $1.50 within a month or so. (Prices obviously vary
with location/taxes/yada/yada/yada)


Does anyone else find it ironic that the more the economy sucks, the
lower the gas prices?

Pretty soon we'll have 25-cent/gal gas and no one will be able buy a
car, at least not on credit.


Not ironic at all. Supply and demand working to lower the prices. OPEC
can't cut production fast enough to keep oil prices up (like they really
follow their own production guidelines anyway). Currently oil is under
$55 a barrel.