Crude prices dropped 4+% today, wholesale gas down to $2.83 a gallon

[DainBramaged]

Crude Oil 91.18 - 4.43%
Natural Gas 4.21 - 2.52%
Gasoline 2.83 - 4.70%
Heating Oil 2.81 - 4.77%
Gold 1521.73 - 1.70%
Silver 35.18 - 3.11%
Copper 4.05 - 0.93%


http://www.oil-price.net/

[theophilus]

1. Well, I think one reason the economy sucks is that gas had gone up again. It is

a viscous cycle.

[Drale]

4. I agree 100%,

I also think the reason the economy clasped the first time was because of ridiculous gas prices. People could not pay their mortgage or other bills because they had to pay for gas.

[theophilus]

7. Yep. It was the "perfect storm". n/t

[ProdigalJunkMail]

2. wholesale gas down to 2.77 now... n/t

[CountAllVotes]

3. it is still $4.19 here where I live

so I cry BULLSHIT!

[Drale]

6. Its just under 4 dollars now in the south suburbs of Chicago

and seems to be falling a couple cents everyday.

[ProdigalJunkMail]

8. Sub $3.50 in the northern ATL

a little better...

sP

[Broken_Hero]

11. Its 3.40 in SW MO nt

[mike_c]

18. me too-- $4.19 or thereabouts in northern california....

[CountAllVotes]

19. Yep

Same region of the state here. Sucks doesn't it?

:(

[taught_me_patience]

5. Watch truck sales spike

After all, people might need to haul a refridgerator once every five years.

[nichomachus]

20. Ha Ha Ha

I know someone who did just that for that very reason.

[Oceansaway]

9. 3.31pg in Iowa...52801 zipcode

according to gasbuddydotcom.............

[Gabi Hayes]

10. this is pretty cool: prices by county, throughout the country:

right click on any county for the price. you can zoom in right to your neighborhood>>>

http://www.chicagogasprices.com/Price_By_County.aspx

why on earth are there such striking differences?

obviously local/state taxes have an effect, but I'd like to know the reason for a 70 cent/gallon difference between, say, Chicago and Springfield

[jwirr]

12. Probably as a result of President Obama's threat to release some

of the reserves.

[B-Stupid]

17. Yep

and the international energy agency stating that it will release 60 million barrels of oil to counter lost production in Libya.

[Broderick]

13. This takes awhile for it to filter down to the pump

and this can change tomorrow back up on the wholesale pricing. Last night, terminal pricing at the Station level went up 6.8 cents in Virginia, to 3.39 after falling the last week overall.

[bigwillq]

14. I paid $3.97/gal the other day

I live in CT.

The saw it at another station for $3.92 and $3.87, with the latter being the cheapest I've seen it in quite some time.

[MadBadger]

15. Its down about 0.25 from a month ago where I live in Jersey

[piratefish08]

16. aren't the prices just being manipulated by speculators on one side and the Gov and it's reserves

on the other?


are there any significant changes being made with the consumer in mind or is our up and down price just the by-product of a tug of war between capitalism and politics?


they'll go down. and next time thy go up $5/gal will be the new norm. it's inevitable.

[scheming daemons]

21. Thank you, President Obama

..