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  #191  
Old 11-19-2008, 11:00 PM
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Originally Posted by TMCNo1 View Post
Gonzo, check out this reply to JohnE, http://www.mastercraft.com/teamtalk/...56&postcount=9
Yeah, apparantly it's warmer in Boston than in Charlotte. I'll confirm in a few weeks.
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  #192  
Old 11-20-2008, 09:39 AM
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I saw 1.76 here today in central IL
$ 1.73 just east of ya !!!
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  #193  
Old 11-20-2008, 12:16 PM
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Findlay OH has got a couple of stations that were $1.63 this morning!!!! where were these prices this summer!!!
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  #194  
Old 11-20-2008, 02:22 PM
TMCNo1 TMCNo1 is offline
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Originally Posted by twieder View Post
Findlay OH has got a couple of stations that were $1.63 this morning!!!! where were these prices this summer!!!
Even at these lower prices, I don't think we'll be seeing the oil companies asking to become part of the bailout! But, then the price will go back up when the economy hits rock bottom, all we have is foreign cars to buy, everyone is out of work, no one is driving and civil war breaks out!
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  #195  
Old 11-20-2008, 02:35 PM
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$1.87 here today. And I thought we had low prices.
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  #196  
Old 11-20-2008, 02:51 PM
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$1.84 in Newark, DE.

Enjoy the low prices while they last. They'll come back up again, and with a vengence, as soon as the market (supply/demand) sorts itself out. We recently saw prices rise until it hurt consumers in the pocket enough for demand to drop and prices to fall. However, this finite resource will not continue to be available at relatively cheap prices.

Last edited by woftam; 11-20-2008 at 02:59 PM.
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  #197  
Old 11-20-2008, 02:55 PM
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Oil touches 3-1/2 year low under $50 as demand weighs.
NEW YORK (Reuters) Oil dropped more than 3 percent on Thursday, touching the lowest level since May 2005 as record U.S. job losses intensified concerns of a long and deep global recession and further crushed demand expectations.
The U.S. government reported the number of workers making new claims for jobless benefits last week surged to the highest in 16 years, helping to push down global equity markets.
U.S. crude fell $1.81 to $51.81 a barrel by 1251 p.m. EST after earlier touching $49.75, marking the lowest level since May 25, 2005, when prices hit $49.58.
London Brent crude shed $1.39 to $50.33 a barrel.
"The unemployment data was yet another ugly data point in a seemingly never ending stream of poor economic numbers," said Michael Wittner, global head of oil research at Societe Generale.
"What makes it hard to call a bottom is that even when oil fundamentals firm up, if we're still having these waves of deleveraging, it can overwhelm even the oil fundamentals."
Oil has tumbled nearly $100 from record highs over $147 a barrel struck in July, as the economic crisis strangles demand growth in large consuming nations such as the United States.
U.S. stocks advanced on Thursday after a Senate Democratic aide said senators reached a bipartisan agreement on aid for automakers.
Citigroup Inc's shares tumbled another 25 percent as investors questioned the bank's ability to withstand what are expected to be billions in additional loan losses in 2009.
As demand slumps, oil companies plan to store millions of barrels of crude in the hope economics will improve.
Shipping brokers on Thursday said U.S. oil trader Koch and Royal Dutch Shell had booked supertankers capable of storing 10 million barrels of crude, more than top exporter Saudi Arabia produces in a day.
Libya's top oil official said on Thursday OPEC may decide to reduce supply further at its meeting in Cairo next week if it finds members have implemented a previous decision to lower output.
The comments follow remarks from other OPEC members including Kuwait, Iran and Venezuela raising the possibility of a further cut in supply to prop up oil prices.
Since early September, OPEC has said it will remove around 2 million barrels per day from international markets, but the market has taken the view that falling demand is a bigger factor than tightening supply.
(Reporting by Matthew Robinson, Robert Gibbons and Gene Ramos in New York; Chris Baldwin in London; Editing by Marguerita Choy
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  #198  
Old 11-20-2008, 10:18 PM
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$1.58 in Columbus,Ohio tonight. GO BUCKS!!!
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  #199  
Old 11-20-2008, 10:45 PM
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1.86 here right now. I think NE moves slower than the rest of the US when it comes to lowering prices.
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  #200  
Old 11-21-2008, 09:51 PM
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1.97 here......
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