[alokin]

$this->bbcode_second_pass_quote('', 'F')ifty-five percent of 372 petroleum industry executives surveyed by KPMG LLP said they think the price of a barrel of crude will drop below $100 by the end of the year.

[hironegro]

$this->bbcode_second_pass_quote('alokin', '')$this->bbcode_second_pass_quote('', 'F')ifty-five percent of 372 petroleum industry executives surveyed by KPMG LLP said they think the price of a barrel of crude will drop below $100 by the end of the year.

[alokin]

there's another thing with the price I feel strange about it.

When we bought our first (and maybe last) car two years ago the crude price was about $60 (hope I've got it right) and I paid a bit more than $1/ l (AUSD) at the petrol station.
Now the prices are a bit higher than 1.4 AUS$, but the crude price is $124.
This simply does not match. A doubling in the crude price should be a nearly doubling in the petrol prices. Even if there is the fact of the exchange rate of currency and taxes etc., but I have the impression that increase in price of refineries etc are held back at the moment, which will hit later then.

[joewp]

New record moments ago - [s]$125.48[/s] make that $125.98!

Do I hear $130?

[lowem]

Another day, another record. Or two. Or three.
And $125 snapped just like that.

$130, here we come.

[LGW]

Above $125 ?!?!?

hahahahaha. I expected this kind of run around 2010. And even then, I thought i was being a bit pessimistic.

Prepare for D O O M

[vision-master]

$this->bbcode_second_pass_quote('biofuel13', '')$this->bbcode_second_pass_quote('Armageddon', 'A')nybody want to take a guess at how long this financial system can last with oil at $120.00 + ? 12 months is my guess, before you see failure at many levels.

[Daniel_Plainview]

$this->bbcode_second_pass_quote('lowem', 'A')nother day, another record. Or two. Or three.
$130, here we come.

[Ferretlover]

$125.26 @ 7:28 am CT.

[vision-master]

$this->bbcode_second_pass_quote('Ferretlover', '$')125.26 @ 7:28 am CT.

[frankthetank]

We need some sort of live updating ticker on these pages??? This price is changing so fast its hard for whoever to update

[Daniel_Plainview]

$this->bbcode_second_pass_quote('frankthetank', 'W')e need some sort of live updating ticker on these pages??? This price is changing so fast its hard for whoever to update

[pup55]

$this->bbcode_second_pass_quote('', 'S')o gas goes to $6 gal and food price increases a lot more, it will still be business as usual

[vision-master]

$this->bbcode_second_pass_quote('pup55', '')$this->bbcode_second_pass_quote('', 'S')o gas goes to $6 gal and food price increases a lot more, it will still be business as usual

[ohcomeon]

MSNBC says 126.21 for an intraday record, again.

Depending on which news outlet you choose, it could be speculation, weak dollar, or supply concerns. And even that changes by the hour within the same outlets...

[ohcomeon]

$this->bbcode_second_pass_quote('ohcomeon', 'M')SNBC says 126.21 for an intraday record, again.

Depending on which news outlet you choose, it could be speculation, weak dollar, or supply concerns. And even that changes by the hour within the same outlets...

[Ferretlover]

That's going to put a crimp in summer travel.
I wonder how much of an effect (affect?) this will have on other areas of the economy if people don't buy as much extra gas wanted for summer travel?

[eXpat]

$125.61 now Oil price.net. mission accomplished this week, we have $125

[whereagles]

Records being broke every minute. We need mods to take turns round the clock, so as to keep this thread's title updated

[MD]

$this->bbcode_second_pass_quote('Ferretlover', 'T')hat's going to put a crimp in summer travel.
I wonder how much of an effect (affect?) this will have on other areas of the economy if people don't buy as much extra gas wanted for summer travel?