Quote:
Originally Posted by DPancoast
Oil futures are set to go below $40/barrel. The dropping price of that = low gas prices. But I'm pretty sure the oil companies will eventually take charge and up the price. I don't think it will go above the $140/barrel from the summer... I believe i read in the wall street journal that the big players think $75/barrel is a good price to them...so I guess only time will tell... but it is a nice break. I'm just over $20 to fill up and that's amazing lol.
Plus like the others said, the economy sucks and people are driving less. I for one have been planning everywhere I drive so that I can find the shortest route and not go out of my way. But yeah. Pretty low gas prices FTW. I wonder how much lower they will go.
|
From what a friend of mine who is watching the oil markets, not a whole lot lower. We are starting to see it level out right now from the crazy drops we have had in the past couple months
Quote:
Originally Posted by Elliott18t
but what they "think" is a good price doesn't always mean it should be that  |
$75/barrel means probably around $2.10 or so at the pump (for 87 at least). Its not going to skyrocket like it did this past summer.