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2009-01-21 Home Front Economy
Crude Oil Falls Below $33 a Barrel on Dollar, Contract Expiry
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Posted by Fred 2009-01-21 00:00|| || Front Page|| [11131 views ]  Top

#1 WTF? $1.30 per gallon. Kind of makes me want to be like the old days...put a few buck-o-gas in the tank. Get a 40 OZ and a pack of smokes. And just cruise around the 'hood. Just lookin' for something to do.
Posted by texhooey">texhooey  2009-01-21 00:41||   2009-01-21 00:41|| Front Page Top

#2 Petrol is $2.35/gal here in Anchorage. Somehow, the damned price ratchet got stuck and it is not going down. Usually, we are the same as California, except our taxes are lower. Well, that price is very welcome, after the $4+/gallon we were paying.
Posted by Alaska Paul 2009-01-21 01:29||   2009-01-21 01:29|| Front Page Top

#3 About 2 weeks ago the price shot back up to around 1.60/gal here in SC and hasn't moved despite the further collapse of oil prices. Is this still due to Putie and his buddies screwing with Western Europe (that at least made sense when it came to a price increase)?

Mike
Posted by Mike Kozlowski 2009-01-21 05:30||   2009-01-21 05:30|| Front Page Top

#4 Shortage of Refining capacity?
Posted by Bright Pebbles 2009-01-21 06:02||   2009-01-21 06:02|| Front Page Top

#5 Don't forget the 30-50 cent tax per gallon from the Feds and State. In Missouri that is 37 cents. Given that I was paying 1.26 on New Year's Day, 1.60 is annoying now, but it will drop from now until April.
Posted by rammer">rammer  2009-01-21 06:56|| www.blogoram.com]">[www.blogoram.com]  2009-01-21 06:56|| Front Page Top

#6 I hate to imagine where this economy might be if we were still pay in excess of $4.00 per gallon for gas. A pox on the Wall Street oil and gas speculators.
Posted by Besoeker 2009-01-21 07:00||   2009-01-21 07:00|| Front Page Top

#7 Pebbles is onto the issue - comments elsewhere show that refiners (Valero?) are doing big maintenance now, hence a slower supply. The upshot is a smoother supply chain this summer, so he proce drops should continue.

Again, the arsenal of democracy challenging the world to match our adjusting recession. Wonder how the reactions will play out?
Posted by Halliburton - Mysterious Conspiracy Division 2009-01-21 07:04||   2009-01-21 07:04|| Front Page Top

#8 A pox on the Wall Street oil and gas speculators.

Actually a pox on the government regulators who sat by and let it all happen even though they had to the power to call margin at any time. Remember, cutting and back and the the stockpiling began back in summer while prices still went up at historical rates in September. It was when the Franks Subprime Housing Collapse hit the banks and the banks choked lending that the market executed its own margin call resulting in the speculators being unable to keep their game going. Every one of the regulators who had the power and responsibility to do their job and failed should be collecting unemployment yesterday.
Posted by Procopius2k 2009-01-21 08:32||   2009-01-21 08:32|| Front Page Top

#9 $1.88 in BFE KY.
Posted by bigjim-ky 2009-01-21 10:14||   2009-01-21 10:14|| Front Page Top

#10 $1.49-$1.57 in Colorado Springs, CO. Hooorah!
Posted by DarthVader 2009-01-21 11:12||   2009-01-21 11:12|| Front Page Top

#11 $1.699/gal at Sam's Club in Albuquerque last night. It was $1.449/gal there on 12/14/08.
Posted by Anguper Hupomosing9418 2009-01-21 11:46||   2009-01-21 11:46|| Front Page Top

#12 I'm still waiting for this to show up at a pump near my home. Maybe some esoteric concept like global warming (or some other equally obtuse b.s.) explains this dislocation between gasoline cost and pump price.
Posted by JohnQC 2009-01-21 18:53||   2009-01-21 18:53|| Front Page Top

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23:35 Bob Cheaper aka Broadhead6
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