Here's some interesting news from the financial world that will directly affect your life (read:your pocket book). If you don't follow this stuff, today U.S. oil prices absolutely surged to new 10-year high of $36 a barrel.
That's huge.

New tensions in the Middle East between Iraq and Kuwait and a storm heading into the Gulf of Mexico all helped to pull the market higher. Just like in 1992, Iraq is claiming that Kuwait is stealing oil by drilling along their border, and made some threat of recourse. Kuwait has, of course, denied this & Washington has issued a formal "warning" to Baghdad. On top of that, a tropical storm is expected to become a hurricane by Monday in the Gulf of Mexico. So big oil companies area pulling workers & equipment in. (The WSJ cites that one-fifth of U.S. domestic oil production and one-quarter of natural-gas supplies coming from the Gulf of Mexico).

After dropping to $32 early in the week, October crude oil on the New York Mercantile Exchange gained 5%, settling at $35.92 a barrel today, up $1.85 on the day. ONE DAY.

Someone was asking about stock tips on the OT board earlier, easy....long big oil. On a day when the Dow dropped 160.5, ExxonMobile, the largest oil company in the U.S., hit a 52 week high - up 4%, Texaco up 3.3%, Chevron up 3%!

Bottom line of all this....those of you in the mid-west that were blubbering about $2.15/gallon gas back in July, you have not yet begun to cry. By Thanksgiving, we could easily be seeing $2.50/2.60 in major metropolitan areas.

 

fuggin' a man...when the hell do we get a fricken break from this crap...i remember not long over a year ago not paying any more than $.94 for 92 octane....what the hell

 

It's been over 5 years since I've seen prices under $1, and that for cheapo Arco 87.

Oh well.

 

Everyone in this country (at least those who live in areas that have cold winters) is going to be paying a terrible price for all of these guzzling SUV's roaming all over this country. I read this at justwhishers.com (I think). Oil companies typically switch over refining operations from gasoline products to fuel (heating) oil products right about now. BUT, the demands from this years summer driving season is so strong that they're still running at full steam just to keep up. Thus, production of heating oil is lagging waaaaaay behind. U.S. heating-oil stocks are at the lowest levels since the war.

So, trust me on this, heating your home this winter will be no fun. Your power & electric bills will be at least double what they were last year. Gauranteed. Heaven forbid we have a long, cold, cold winter. Some people simply will not make it.

 

That's barely a tip at this current stage. If someone have told you this 8 month ago, then THAT could be called a real tip.
A real tip is a tip before the new comes out, not after.

Btw, over all those stocks are gainning way too slow, good for grandparents only

 

y cant we all just get a long?

 

Everybody, please forgive me for providing a tip that's not really a tip. If your grandparents are looking for a place to park some money, please direct them to this thread.

 

dang! i remember when gas here in dallas was like 88 cents a gallon. out in some of the smaller cities in east texas their gas used to be like 75 cents a gallon. oh well at least its not expensive as some of the other major cities. i heard that chicago was dang well over 2 bucks a gallon.

 

Why there are still so many SUVs out there in the road burning fuel inefficiently.
I want to see SUV owners abandon their vehicles on the road side and start walking.

 

 

Buy gas from priceline.com right now !! hows that for a tip =P

 

You guy's have it great down there!
Here gas went up to 92cents per. LITER not per. gallon!

 

it doesn't give you low price after the 1st time.
****, i signed up with another account and got 1.20/gallon for signing up some long distance phone company, but i gave a fake number in profile. muhahahaha

 

 

At least we aren't in the UK. . . I read the other day that (after converting it to American units, and money) they are paying ~$5 a gallon there. . . I get annoyed paying $2 a gallon in CA while everyone else pays $1.20 and such. . . And we are close to the refineries. . . What gives.

I also tried Priceline, but no stations in my ghetto town accept the card they gave me. . . Really pisses me off because I got a rate of $1.76/gallon for 92. Stupid gas stations.

 

hell, I remeber 2 years ago or so, of gas being as low as .61 a gal. Ode to the gas wars and the growth of new money in the USA. Well, its still not too bad...yet

 

Crude oil is a component of gasoline, which is refined. When the barrel dropped down to the mid-high 20's there was no drop in the price of a gallon of fuel. Also, stocks are like a party--you show up early, and leave early. Buying oil stocks now is like arriving at a Super Bowl party when the bartender has said last call. I sold Schlumberger 3 weeks ago and missed the high by 2 bucks, so what? I still have shares of RIG which was a spin-off so I see those shares as free oil shares. You fat guys are getting slaughtered on your B2B, my opinion. Sometimes when you triple your money you don't have to cry if you could have quadrupled.

 

and drive the freaking Pathfinder. I get better city mileage in the pathfinder. 17-18 in PF and 15-16 in Max. if the trip lasts over 15 mins, the max does climb up to 18-20. Dont assume that every SUV is burning more gas than you.

 

Exactly! I already cashed out too.
That's why I said it's not really a tip

 

Perhaps it's time to buy a Toyota Prius? I checked one out last night. It looks rather nice. The odd thing is that it gets 48 highway and 50 in the city. Typically its the city that'll kill your gas mileage. Oh ya the sticker states estimated gas price per year = $380 bucks. Sure beats the 23-28 mpg I'm getting in the Max.

Now what can we do to improve that 0-60 time? CAI for the batterys?

 

Supply/Demand, my friend. Just that simple.


reeeps who posted about blubbering over our prices when compared to Canada, England, et. al.

True.........true.