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Reload this Page A Barrel of Crude Oil Is Below $55.00 Again
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Old 07-07-2015, 7:24am   #41
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Hmmm.... No dead cat bounce today so far.

It faked up for a while and is now down another ½% to $52.25.

Where will we go from here?
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Old 07-07-2015, 7:35am   #42
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Where will we go from here?
One oil analyst was on Bloomberg the other day saying it could go as low as $10/bbl.

Get Ready for $10 Oil - Bloomberg View
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Old 07-07-2015, 8:03am   #43
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One oil analyst was on Bloomberg the other day saying it could go as low as $10/bbl.

Get Ready for $10 Oil - Bloomberg View
Good article. What it doesn't mention is what will happen when Russia, Angola and Venezuela go broke and start looking for new territory or ways to make money. Selling weapons, uranium, etc...
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Old 07-07-2015, 8:29am   #44
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Good article. What it doesn't mention is what will happen when Russia, Angola and Venezuela go broke and start looking for new territory or ways to make money. Selling weapons, uranium, etc...
It alludes to it, but no, it does not say what will happen.

Ya, good article right there though.
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Old 07-07-2015, 9:00am   #45
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There it goes again.
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Old 07-07-2015, 9:12am   #46
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What baffles me is why gold is down $20 today.
If the S&P goes below 2000, it's correction time.
Weird market times we're in right now.
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Old 07-07-2015, 10:58am   #47
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What baffles me is why gold is down $20 today.
If the S&P goes below 2000, it's correction time.
Weird market times we're in right now.
Gold down because the value of the USD is up.

And the market is screwed up due to QE. Easy money has driven up the market and sooner or later the .gov will stop and the balloon will deflate.
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Old 07-15-2015, 4:41pm   #48
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Down to $51 and change today
It's a multi faceted story and not just an Iran deal thing.
Here's a good read from a few weeks ago.

Ready for $20 Oil? - Bloomberg View
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Old 07-15-2015, 10:21pm   #49
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$3.19 for regular at quite a few places around SFV.
And just like that...back to $4.00/gallon.

Summer blend, refinery down, butterfly farted. Whatever.

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Old 07-15-2015, 10:26pm   #50
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Clearly, butterflies should be banned.
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Old 07-16-2015, 5:39am   #51
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Here is the gas tax by state :

Gasoline tax information - Los Angeles Gas Prices
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Old 07-16-2015, 5:42am   #52
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Great webite. Here is the 10 year price breakdown. Can anyone tell me why gas prices spiked in 2008 ?

Historical Gas Price Charts - Los Angeles Gas Prices
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Old 07-16-2015, 6:18am   #53
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Great webite. Here is the 10 year price breakdown. Can anyone tell me why gas prices spiked in 2008 ?

Historical Gas Price Charts - Los Angeles Gas Prices
Wasn't that the year we had a hurricane in the Gulf that prevented deliveries, and a major refinery down for maintenance?
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Old 07-16-2015, 7:53am   #54
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Wasn't that the year we had a hurricane in the Gulf that prevented deliveries, and a major refinery down for maintenance?
Could be. Apparently it took 6 years to recover.
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Old 07-16-2015, 8:10am   #55
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Great webite. Here is the 10 year price breakdown. Can anyone tell me why gas prices spiked in 2008 ?

Historical Gas Price Charts - Los Angeles Gas Prices
Three butterflies in Japan farted.
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Old 07-16-2015, 2:30pm   #56
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And just like that...back to $4.00/gallon.

Summer blend, refinery down, butterfly farted. Whatever.

Hehe Viva Fuel Orale!
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Old 07-16-2015, 2:40pm   #57
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I just moved from Southern CA to Northern CA in Woodland (west & north of Sacramento), and I just filled up at a Chevron for $3.55 for regular. When I left Hemet, CA on Wednesday morning, a Chevron there was $4.39 for regular.
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Old 07-16-2015, 3:00pm   #58
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Only gone up ten cents here in Lake county. Right now 3.35. I wonder if whatever it is is affecting Southern Cal more or sooner.
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Old 07-16-2015, 3:06pm   #59
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Filled up yesterday: $ 2.48 diesel, $ 2.48 regular unleaded.

Gasoline is running in the $ 2.50's here, diesel is all over the map, from $ 2.30's to well over $ 3.00 at a few stations. I just don't understand why the spread is so high on diesel, specifically.
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Old 07-16-2015, 4:19pm   #60
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A barrel of crude closed under $51.00 today.

Prices at the pumps are a droppin'!

More disposable income for Americans means a trickle down to the service industries and the working man, who are most affected by higher fuel prices.

Yay!

Oh ya.
Any small business, right up to large corporations will see their bottom line increase as well. All but the oil sector, of course.
It's about time!
Also the NASDAQ closed in record territory.
It looks like we are entering a Goldilocks economy.
Next bump in the road?
The raising of interest rates.
How long will the Fed let it last?
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