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Old 05-12-2011, 09:31 AM
 
Location: Nassau, Long Island, NY
15,738 posts, read 16,313,515 times
Reputation: 6389
Quote:
Originally Posted by Gpsma View Post
Then don't drive if you cant afford it.

The one thing about high gas prices...lessens the riff-raff on the road.
With LI Bus on the ropes, the so-called "riff-raff" in Nassau may be walking IN the roads because they can't all fit on the sidewalks!
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Old 05-12-2011, 09:32 AM
 
Location: Nassau, Long Island, NY
15,738 posts, read 16,313,515 times
Reputation: 6389
Quote:
Originally Posted by suzook View Post
Where does it say I cant afford it?
Or that you are riff-raff?
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Old 05-12-2011, 04:59 PM
 
338 posts, read 407,413 times
Reputation: 57
the gas station by my house just lowered thier price by 2 cents!
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Old 05-12-2011, 05:14 PM
 
9,343 posts, read 16,394,005 times
Reputation: 4209
At the close of today's trade:

Wholesale Gasoline $3.06-35/100, down 5.89 per gallon

Wholesale Heating Oil $2.91-37/100, up 1.54 per gallon

Product value $126.16, down $1.22 per 42-gallon barrel

Crude Oil $98.97, up $0.76 per 42-gallon barrel

Crack Spread $27.19, down $1.98 per 42-gallon barrel

Retail gasoline prices tend to be at a $0.75 to $1.25/gallon premium to the wholesale gasoline price as traded on the New York Mercantile Exchange, which would mean that a wholesale price of $3.06/gallon would indicate a retail price of $3.81 to $4.31/gallon, depending on where in the U.S. the retail pump might be located.
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Old 05-12-2011, 06:34 PM
 
Location: Stony Brook
1,200 posts, read 1,518,339 times
Reputation: 417
Quote:
Originally Posted by pequadude View Post
the gas station by my house just lowered thier price by 2 cents!
Lmfao!!!!!!!
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Old 05-14-2011, 11:00 AM
 
Location: Long Island,New York
8,126 posts, read 8,149,382 times
Reputation: 2322
News 12 ran a report the other day and they estimated that gas prices will go down by about .50 by the beginning of June. Well if so, at least it's a start.
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Old 05-14-2011, 09:50 PM
 
9,343 posts, read 16,394,005 times
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Default Weekly High, Low & Closing Price, $-gallon, Wholesale Gasoline

It looks like most of that 50 cent a gallon price decline has already occurred in the wholesale market ... with more to come if Obama's opening of domestic drilling proves to be more than a disingenuous political ploy.

Weekly High, Low & Closing Price, $-gallon, Wholesale Gasoline
Attached Thumbnails
OIL DOWN more than 10% - Lower Prices to come on LI-xrbweeklyhlc-110513.png  
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Old 05-15-2011, 09:10 PM
 
1,777 posts, read 1,274,073 times
Reputation: 1159
Quote:
Originally Posted by Walter Greenspan View Post
It looks like most of that 50 cent a gallon price decline has already occurred in the wholesale market ... with more to come if Obama's opening of domestic drilling proves to be more than a disingenuous political ploy.
What is more domestic drilling going to achieve? I mean, other than to placate investors who (falsely) believe that we have a supply problem?
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Old 05-16-2011, 06:54 AM
 
Location: Long Island,New York
8,126 posts, read 8,149,382 times
Reputation: 2322
Quote:
Originally Posted by Interlude View Post
What is more domestic drilling going to achieve? I mean, other than to placate investors who (falsely) believe that we have a supply problem?
Well let me take a stab at this one. It would add to the world supply or more specifically decrease the amount of oil we need from outside sources. That would mean a drop in price! Simple enough?
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Old 05-16-2011, 07:40 AM
 
1,156 posts, read 1,026,940 times
Reputation: 320
gas is down another 2 cents by me. woo-hoo!
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