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Dow drops 350+, plus 530 today, oil drops to $40 a barrel

Optimus Uber

Well-Known Member
Ask yourself, why is gas so high? During the winter, $40 a barrel gas was at $2 a gallon in California.

I don't need bull shit excuses. Winter blend / summer blend. That's all marketing horse shit.

Someone needs to investigate. They are screwing over the public. This is price fixing and they owe us a refund.
 
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Optimus Uber

Well-Known Member
  • Thread Starter Thread Starter
  • #4
The normal trend for oil in late August is much higher. During winter last year, the barrel of oil was $40 and gas was approximately $2 a gallon here in California

The $40 a barrel in the summer months is very concerning because the trend for oil coming down in price is normally mid September.

Depending on the next few weeks California may see $2.00 a gallon gas soon. The rest of the country may drop to $1.50 a gallon as everyone knows how screwed up California is with all its extra taxes

Uber maybe profitable once gas hits a $1 a gallon.
 

Optimus Uber

Well-Known Member
  • Thread Starter Thread Starter
  • #7
Usually gasoline goes up around Labor Day, and again around the holidays, at least in my area.
Very true. That's the trend. That's why we'll have to see how it lays out this year. $40 a barrel in August means it's dropping earlier than the norm.

We will also get an increase when they switch from summer blend to winter blend. That's the way the hedge a little more out of us before the slow winter.
 

observer

Well-Known Member
Moderator
The normal trend for oil in late August is much higher. During winter last year, the barrel of oil was $40 and gas was approximately $2 a gallon here in California

The $40 a barrel in the summer months is very concerning because the trend for oil coming down in price is normally mid September.

Depending on the next few weeks California may see $2.00 a gallon gas soon. The rest of the country may drop to $1.50 a gallon as everyone knows how screwed up California is with all its extra taxes

Uber maybe profitable once gas hits a $1 a gallon.
If Chinas economy keeps self destructing, oil will drop even more.
 

LAuberX

Well-Known Member
Moderator
as Toi points out... we in Kalifornia pay more because tree huggers run the state... we would take a three legged spotted toad over a new modern nuclear power plant.

and the oil companies have record profits quarter after quarter.... you KNOW they are paying to play!
 
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