GAS PRICES

[reb]

Originally Posted by Plate Dad

Shut down and head for the hills.

I wouldn't "head for the hills". We were the last to get a reliable gasoline supply after Katrina.

Y'all get ready to pay out the ass whenever employment picks back up. Gas should be under $2 a gallon now with demand low due to millions of cars and trucks off the road now. But no, Big Oil justs cuts supply to keep the market tight. It will be four dollars a gallon just as soon as Big Oil and the speculators feel Americans can afford to pay it.

[Plate Dad]

Get ready will jump ten to twenty in two weeks.

[Ace13]

Originally Posted by Plate Dad

Get ready will jump ten to twenty in two weeks.

Hopefully you're better at predicting gas prices than you are at predicting stock prices. Somehow I doubt it, though.

[gottalaff]

I heard last night that 60% of the gulf oil production has been shut down due to Ida.

[Plate Dad]

Originally Posted by Ace13

Hopefully you're better at predicting gas prices than you are at predicting stock prices. Somehow I doubt it, though.

Right. Everyone knows that crooks are just that crooks.

Originally Posted by gottalaff

I heard last night that 60% of the gulf oil production has been shut down due to Ida.

LONDON (Reuters) - Oil prices rose on Tuesday to above $80 a barrel after a late-season hurricane disrupted oil and gas output in the Gulf of Mexico and the dollar stayed close to a 15-month low.
U.S. crude for December delivery was up 92 cents to $80.35 a barrel by 1525 GMT, after trading most of the session below yesterday's close of $79.43.
London Brent crude was up $1.01 at $78.78.
Hurricane Ida, the first real weather threat to oil production of the 2009 season, was downgraded to a tropical depression on Tuesday, but output remained curtailed as producers awaited its passage out of the Gulf.
Ida shut in 29.6 percent of oil production and 27.5 percent of gas output from the Gulf of Mexico, the U.S. Minerals Management Service said Monday.