Better Fill up today

Catwoman · December 06, 2008, 11:39:38 AM

In the Wichita Eagle this morning, there was an article in the A section about talk regarding the fact that we could see gas costing $1 a gallon in the future.

W. Gray · December 06, 2008, 12:03:15 PM

That was in the Denver paper also.

However, there is a another shoe waiting to drop....

Catwoman · December 06, 2008, 12:06:17 PM

Would that shoe be known as cutbacks in exports? Or would that shoe be known as an administration change in the US?

W. Gray · December 06, 2008, 02:12:44 PM

That shoe would be the combination of anything that could possibly effect the market to send the price back up.

Catwoman · December 07, 2008, 11:39:03 AM

Well, so far the shoe hasn't dropped just yet...it's 1.519 here...an early Merry Christmas! :-)

frawin · December 08, 2008, 05:01:02 AM

Jan-09 Crude is trading at $42.98, up $2.17, Jan-08 Natural Gas is trading at $5.58, down $0.162.

Gasoline at my neighborhood station is $1.36.

frawin · December 08, 2008, 03:20:57 PM

Jan-09 Crude settled at $43.71, up $2.90 on the day, Jan-08 Natural Gas settled at $5.566, down $0.176 on the day.

frawin · December 09, 2008, 06:51:04 AM

Jan-09 Crude is trading at $44.375, up $0.665, Jan-08 Natural Gas is trading at $5.65, up $0.084.

frawin · December 09, 2008, 06:53:42 AM

Crude Oil Rebounds as Equity Markets Rise on Stimulus Packages

Dec. 9 (Bloomberg) -- Crude oil rebounded in New York as stock indexes rose on optimism that stimulus plans will lift economies out of recession.

Crude oil for January delivery rose as much as 81 cents, or 1.9 percent, to $44.52 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It traded at $44.48 at 12:28 p.m. London.

Last Updated: December 9, 2008 07:34 EST

frawin · December 09, 2008, 02:41:13 PM

Jan-09 Crude settled at $42.07, down $1.64 on the day, Jan-08 Natural Gas settled at $5.595, up $0.013 on the day.