[3aidlillahi]

Ok. I said that it would take a month for the price of oil at $140 to trickle through. I said that a little more than one month ago today. So I'm here to face the facts and it turns out that the peak price for gasoline was $4.12 according to gasbuddy.

I had predicted $4.50. Monte and Drifter were claiming something like $5-$6/gallon. However, yesplease bet it would be $4.15 off of EIA estimates. And that's awfully close. However, we are playing by "Price is Right" rules, so nobody wins.

So Drifter and Monte, you thought that when gas was at $4/gallon that that oil was at $90 a barrel. However, we've already seen the peak in price (local peak, not absolute) in both oil and gasoline. So what's your story now? Gasoline shot down very quickly and abruptly after the fall in crude. Yet there were no such drops in crude over the past few months, except for the $147 to $125 drop. What do you say to the fact that gasoline has dropped about 15 cents a gallon in a couple of weeks?

[ROCKMAN]

Very interesting folks. I'm glad y'all have a taste for the numerical. I'm sure someone knows: do "they" actully define what "average price" is? I would think it's an average weighted by volume but I have seen folks screw that up in other instances.

And just as a tease: gas here is $3.54/gal. But then I live across the highway from the largest refinery in the US.

[yesplease]

Speaking of cheap fuel, my cousin's a mud eng. Free diesel pickup/fuel IIRC.