- 407
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I saw some for on 1.23 the way home from work today over here in Houston off eldridge and 529
GAS PRICES THREAD: National Average = $2.59!... gas hits lowest point in a month, no summer prices
- Thread in 'General' Thread starter Started by tbone95860,
- Start date
lurkin2long
Banned
- 8,634
- 52
gas gonna be 1 dollar next year?
- 6,823
- 10
Just filled up for $15 (8 gallons.... I got a 10 gallon tank = 300 miles per tank)
Honda Civic & 30 MPG FTW!!
Honda Civic & 30 MPG FTW!!
- 7,408
- 3,904
1.79 over by SF
- 6,823
- 10
Tuesday, 12/09/2008
Current Avg. = $1.698
Current Avg. = $1.698
- 6,823
- 10
Global demand for oil to plummet...
Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession.
The stark conclusions came as the World Bank's chief economist predicted that the world faced "the worst recession since the Great Depression".
The US energy department said global oil demand will fall this year and next, marking the first two consecutive years' decline in 30 years.
"The increasing likelihood of a prolonged global economic downturn continues to dominate market perceptions, putting downward pressure on oil prices," it said, forecasting that demand would drop 50,000 barrels a day this year and a hefty 450,000 b/d in 2009. US oil demand will drop next year to the lowest level in 11 years.
Meanwhile, the World Bank's Global Economic Prospects report said the commodities boom of the past five years - which drove up prices 130 per cent - had "come to an end".
The World Bank's analysis of the commodities boom contrasts with the prevalent view among natural resources companies - and most Wall Street analysts - that the ongoing price drop is a correction within an upward trend.
Although it ruled out a return to the torrid high prices of this summer, it said commodities prices would not fall back to the depressed levels of the 1990s.
Oil would return to about $75 a barrel within the next three years, it said, while food would trade 60 per cent higher than in 2003, but about half below this year's record.
"Over the longer run, the price of extracted commodities should fall," the bank said, adding that because of slower population and income growth, world demand for raw materials will ease.
Andrew Burns, the leading author of the report, dismissed the idea - widely supported among the industry and international bodies such as the International Energy Agency - that the credit crunch could result in higher prices when the economy recovers as companies cancel supply expansion projects.
The bank forecast that world trade - an engine of growth for many developing countries - would contract for the first time since 1982.
Justin Lin, the World Bank's chief economist, said the current downturn was likely to see simultaneous recessions in most of the industrialised world, and that these recessions were likely to last longer than in the early 1980s, and the decline in growth would be more universal than in past episodes in recent decades.
Copyright The Financial Times Limited 2008
Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession.
The stark conclusions came as the World Bank's chief economist predicted that the world faced "the worst recession since the Great Depression".
The US energy department said global oil demand will fall this year and next, marking the first two consecutive years' decline in 30 years.
"The increasing likelihood of a prolonged global economic downturn continues to dominate market perceptions, putting downward pressure on oil prices," it said, forecasting that demand would drop 50,000 barrels a day this year and a hefty 450,000 b/d in 2009. US oil demand will drop next year to the lowest level in 11 years.
Meanwhile, the World Bank's Global Economic Prospects report said the commodities boom of the past five years - which drove up prices 130 per cent - had "come to an end".
The World Bank's analysis of the commodities boom contrasts with the prevalent view among natural resources companies - and most Wall Street analysts - that the ongoing price drop is a correction within an upward trend.
Although it ruled out a return to the torrid high prices of this summer, it said commodities prices would not fall back to the depressed levels of the 1990s.
Oil would return to about $75 a barrel within the next three years, it said, while food would trade 60 per cent higher than in 2003, but about half below this year's record.
"Over the longer run, the price of extracted commodities should fall," the bank said, adding that because of slower population and income growth, world demand for raw materials will ease.
Andrew Burns, the leading author of the report, dismissed the idea - widely supported among the industry and international bodies such as the International Energy Agency - that the credit crunch could result in higher prices when the economy recovers as companies cancel supply expansion projects.
The bank forecast that world trade - an engine of growth for many developing countries - would contract for the first time since 1982.
Justin Lin, the World Bank's chief economist, said the current downturn was likely to see simultaneous recessions in most of the industrialised world, and that these recessions were likely to last longer than in the early 1980s, and the decline in growth would be more universal than in past episodes in recent decades.
Copyright The Financial Times Limited 2008
- 4,011
- 51
Filled up for $15 today.
$1.44 a gallon
$1.44 a gallon
- 6,823
- 10
Wednesday, 12/10/2008
Current Avg. = $1.683
Man I'm loving these continuously lowering gas prices
Current Avg. = $1.683
Man I'm loving these continuously lowering gas prices
- 6,823
- 10
Thursday, 12/11/2008
Current Avg. = $1.664
Another day for enivronmentalist to be angry as the price drops almost 2 cents
Current Avg. = $1.664
Another day for enivronmentalist to be angry as the price drops almost 2 cents
- 1,264
- 56
1.71 Chevron....$48 to fill up the escalade...amn feels so much better knowing its less than $50 to fill up now rather than $120 in the summer
- 1,264
- 56
1.71 Chevron....$48 to fill up the escalade...amn feels so much better knowing its less than $50 to fill up now rather than $120 in the summer
- 1,042
- 190
$1.39 in Virginia Beach and decreasing...lovin it!
- 9,611
- 14
Grand Rapids, MI = $1.46
- 9,380
- 4,223
Man o man..i wish i was in most of the states with under 1.50 gas..i'm still at 1.85 in upstate NY..sucks..but i still fill my tank up only on 20-25bucks..which is very good for my pockets..
- 6,823
- 10
Friday, 12/12/2008
Current Avg. = $1.656
Current Avg. = $1.656
- 662
- 10
MD... $1.55 baby (filled up my tank this morning not even 19 bucks
)
- 123
- 10
- 7,840
- 1,721
Gas went up in Dayton, Ohio to $1.69 - $1.79
- 9,611
- 14
Two days ago (12/11) = $1.46
Today (12/13) = $1.74
- 334
- 12
FILL UP!!!!!! its going up!!!!
- 2,449
- 11
1.66 in Philly yesterday was the lowest I've seen
- 6,823
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Saturday, 12/13/2008
Current Avg. = $1.660
Current Avg. = $1.660
- 445
- 21
1.56$ upstate NY! 18$ to fill it up
- 6,823
- 10
Sunday, 12/14/2008
Current Avg. = $1.663
Current Avg. = $1.663
jackiechizzan
Banned
- 1,909
- 11
ohz noez! guess i should fill up soon before it starts skyrocketing back up to $4
