Quote:
Originally Posted by Stryker
This is nothing new... The only reason in the last few weeks that oil has gone up was because of hurricane Gustave, and the risk of damage to the platforms in the gulf... That being said, analysts have stated they wouldnt be surprised if it dips below $100/barrel this week (dont know if I believe this one)... It would just be nice to see a little relief at the pump since oil has dropped nearly $45/barrel in the last few months... Funny how the price of gas has only dropped like 40 cents/gallon... Sad
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A good rule of thumb is multiply the price per oil/barrel times three to get what the price of gas will be per gallon. So, with oil being at around 110 this week, gas should go to around 3.30. Just a rule of thumb though. Still sucks though