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Gas Prices

Discussion in 'Pull up a chair and sit for a spell' started by Ashley, Oct 21, 2008.

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  1. FLHTbiker

    FLHTbiker Moderator Staff Member

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    Man send some of that cheap gas my way :)
    FLHTbiker, Dec 14, 2008
    #81
  3. Art_NJr

    Art_NJr New Member

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    Prices on the rise

    Several stories about gas prices starting to rise, like this one:
    Uh-oh: Gas prices on the rise - Dec. 14, 2008

    While I wouldn't say for sure that we've seen the lowest they'll go, I'd bet we have & I see the prices for future delivery are headed up:
    RBF09.NYM: Futures Chain for RBOB Gasoline Jan 09 - Yahoo! Finance

    One big factor is that with crude oil prices @ the current levels it's not worth it to do things like offshore exploration or extract from projects like Candian oil sands. Producers are not going to lose money to keep us in (relatively) cheap gasoline & some are operating @ a net loss now.
    Art_NJr, Dec 14, 2008
    #82
  4. FLHTbiker

    FLHTbiker Moderator Staff Member

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    Thanks for the GREAT new there Art.:(
    FLHTbiker, Dec 15, 2008
    #83
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