Oil nears $50, heading for $60?

RawAlex · 09-27-2004

I actually hope Bush gets re-elected. Second term president will do all the things threatened in the first term, without fear of being voted out after. Then there will be so many more people willing to vote democrat next time out.

Colin, I agree, the price of gas is down - not because of the price of the barrel, but because of the issues at the refining and distribution points. I saw the same thing here, when oil made $40, out local sales all spiked to 99.9 per litre (about $3.25 per gallon) and have since backed down to about 87-89. The price of oil per se is not the largest driver of end costs, but rather speculation, stockpiles, and supply from the refinery onwards.

If the price stays up, I would suspect you will see the retail price move up as I mentioned before.

Alex

09-27-2004	#11
RawAlex Members $100 for every ImLive sign-up Join Date: Oct 2002 Posts: 4,036	I actually hope Bush gets re-elected. Second term president will do all the things threatened in the first term, without fear of being voted out after. Then there will be so many more people willing to vote democrat next time out. Colin, I agree, the price of gas is down - not because of the price of the barrel, but because of the issues at the refining and distribution points. I saw the same thing here, when oil made $40, out local sales all spiked to 99.9 per litre (about $3.25 per gallon) and have since backed down to about 87-89. The price of oil per se is not the largest driver of end costs, but rather speculation, stockpiles, and supply from the refinery onwards. If the price stays up, I would suspect you will see the retail price move up as I mentioned before. Alex __________________ Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds