PETROL ,AT A THREE YEAR LOW....
RE: PETROL ,AT A THREE YEAR LOW....
$1.51 here in shreveport, la. In july it was $4.17 went from spending $120 to fill up to around $35 now. Wont last too long though OPEC is having a meeting december 13th to counter the drop in crude prices. Talks of stopping the shipment of 3 million barrels per day were discussed in their meeting either last month or the month before.
Supposedly they need crude to be at $55 barrel to break even and want it at $75 - $95.
Supposedly they need crude to be at $55 barrel to break even and want it at $75 - $95.
Senior Member
Joined: Dec 2007
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From: Oregon
RE: PETROL ,AT A THREE YEAR LOW....
I hate to ruin the party...but it wont last gang. When it comes back it will be higher than ever before.....we cant get complacent again. Its always higher here in the inter mountain west.... $1.89
Joined: Jun 2007
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RE: PETROL ,AT A THREE YEAR LOW....
ORIGINAL: bigboi18184
$1.51 here in shreveport, la. In july it was $4.17 went from spending $120 to fill up to around $35 now. Wont last too long though OPEC is having a meeting december 13th to counter the drop in crude prices. Talks of stopping the shipment of 3 million barrels per day were discussed in their meeting either last month or the month before.
Supposedly they need crude to be at $55 barrel to break even and want it at $75 - $95.
$1.51 here in shreveport, la. In july it was $4.17 went from spending $120 to fill up to around $35 now. Wont last too long though OPEC is having a meeting december 13th to counter the drop in crude prices. Talks of stopping the shipment of 3 million barrels per day were discussed in their meeting either last month or the month before.
Supposedly they need crude to be at $55 barrel to break even and want it at $75 - $95.
Senior Member
Joined: Aug 2007
Posts: 697
Likes: 0
From: Gainesville, FL
RE: PETROL ,AT A THREE YEAR LOW....
US is in a recession, as well as a lot of other economies, which means less money for gas, there for price drops since they know we don't have as much money for them to rob from us.