Oil breaks key support level!
08-09-2008, 11:42 AM
#81
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Joined APC: Mar 2008
Position: Lear 35/31 FO
Posts: 99
[quote=whiskey72;441474]If oil goes up, every gas station around us jumps the very next day. I've got a feeling it's not just my local area. I can drive 100 miles away and see the immediate jump in gas.
But when oil drops the price of gas is towed down by a team of snails. It's BS and gouging at it's worst.
[/quote
i agree with this, lets just cross our fingers and hope by the end of this week we see between $105-$110.
But when oil drops the price of gas is towed down by a team of snails. It's BS and gouging at it's worst.
[/quotei agree with this, lets just cross our fingers and hope by the end of this week we see between $105-$110.
08-10-2008, 12:29 PM
#84
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Joined APC: Nov 2006
Posts: 439
If oil goes up, every gas station around us jumps the very next day. I've got a feeling it's not just my local area. I can drive 100 miles away and see the immediate jump in gas.
But when oil drops the price of gas is towed down by a team of snails. It's BS and gouging at it's worst.
But when oil drops the price of gas is towed down by a team of snails. It's BS and gouging at it's worst.
From st louis to indiana I can see somtimes as much a 50 cent difference at the latest peak. now we are only about 30 cents apart.
08-10-2008, 12:51 PM
#85
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Joined APC: Jul 2006
Posts: 614
[QUOTE=PittsburghDude;441615]
Its because gas has a large amount of tax associated with a single gallon. As the percentage price of oil goes down so does the percentage price of gas, but the tax is a fixed price that will not decrease. Another factor is that the gas at the station was bought by the station at the previous price and has to be sold as such. Gas stations operate on a razor thin margin as it is, contrary to popular belief.
If oil goes up, every gas station around us jumps the very next day. I've got a feeling it's not just my local area. I can drive 100 miles away and see the immediate jump in gas.
But when oil drops the price of gas is towed down by a team of snails. It's BS and gouging at it's worst.
[/quote
i agree with this, lets just cross our fingers and hope by the end of this week we see between $105-$110.
But when oil drops the price of gas is towed down by a team of snails. It's BS and gouging at it's worst.
[/quotei agree with this, lets just cross our fingers and hope by the end of this week we see between $105-$110.
08-11-2008, 10:35 AM
#86
Gets Weekends Off
Thread Starter
Joined APC: May 2007
Position: CFI
Posts: 416
If oil can break below $109.50, the next stop is about $100. There is a lot of support there. It will take something big for oil to break below that level. The good news is that inventory reports show lessening demand from China. The bad news is that the war between the Soviet Union (Russia) and Georgia could affect a big pipeline. Still, on July 15, it was nothing but gloom and doom here. Now, oil is down more than $34 a barrel and AMR's stock price has gone from $4.50 to $13.25. I like the trend.
08-11-2008, 10:41 AM
#87
Gets Weekends Off
Joined APC: Nov 2005
Posts: 2,519
If oil can break below $109.50, the next stop is about $100. There is a lot of support there. It will take something big for oil to break below that level. The good news is that inventory reports show lessening demand from China. The bad news is that the war between the Soviet Union (Russia) and Georgia could affect a big pipeline. Still, on July 15, it was nothing but gloom and doom here. Now, oil is down more than $34 a barrel and AMR's stock price has gone from $4.50 to $13.25. I like the trend.
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