Gas/oil

[picantel]

A topic beaten to death for sure but I was wondering a few things. Firstly, I realize that oil prices now are actually futures prices. Do you think that gas companies will let gas prices go down too much because exxon just broke another record yet it was not enough and their stock prices took a hit. Every quarter now they will be expected to make even more money than the quarter before and the only way to do that while oil falls is to keep the price of gas the same.

Case in point.
Oil is down 20% from its high
Gas prices, at least where I live, are down 5%.

Huge difference. The first bit of bullshit from iran or some tropical storm and they will just raise things again.

[Brock Landers]

we just had a tropical storm and oil futures went down 4 bux yesterday and are down again today...

[pavyracer]

We are in a recession. Oil prices reflect that. Oil will drop down to $100 by end of August.

[sspl05]

gas became gold

I also agreed that this time gas and oil price is increasing day by day. I can make sure that day is not so far, when it becomes a out of reach from the normal people. As we know that how this two things have a importance in our life. We really need to do something against it.


dorkey

[topgame85]

Gas prices always decline slower than oil prices because everyone that bought oil at a high price has to sell that off at a high price before they can buy the cheaper oil and then sell that at the lower price, makes easy enough sense, they are not gonna take a loss because they have leftover expensive oil and now prices are down