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 Moderated by: Dave, Babe  

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weasle
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Joined: Thu Nov 4th, 2004
Location: Tiffin, Ohio USA
Posts: 1739
 Posted: Wed Oct 25th, 2006 11:01 pm

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home heatig oil prices , scare me , read where , natural gas , propane , and electrical heat will be cheaper this yr . oil is gonna increase . shit im gonna have to get some more wood cut !!!!.

jeffy ole boy
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Joined: Mon Jan 2nd, 2006
Location: By Bridge On The River, Indiana USA
Posts: 2868
 Posted: Wed Oct 25th, 2006 08:19 pm

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Hate to say it,   cause its sure nice pumping gas at $2.00 a gal.  but its just a mattter of time until it goes back up big time.  JMO

marc
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Joined: Thu Nov 4th, 2004
Location: Basking Ridge, New Jersey USA
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 Posted: Wed Oct 25th, 2006 07:41 pm

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Here we go again.....

Oil prices climb nearly $2 a barrel

By MADLEN READ, AP Business Writer 51 minutes ago


Crude oil prices rose above $61 a barrel Wednesday after a new report showed U.S. inventories dropped last week, OPEC members began taking steps to implement production cuts and Nigerian villagers attacked oil facilities.

Though global supplies are still relatively ample and some skepticism remains about OPEC's willingness to go through with the 1.2 million barrel-a-day reduction it announced late last week, Wednesday's news drove traders to bet on tightening supplies going into the North American winter, when demand for heating oil and natural gas ramps up.

Light sweet crude for December delivery climbed $1.78 to $61.14 a barrel in afternoon trading Wednesday on the New York Mercantile Exchange.

Crude oil stockpiles fell by 3.3 million barrels to 332.3 million barrels, the U.S. Energy Department's Energy Information Administration said Wednesday. Distillate stocks, which include heating oil and diesel fuel, fell by 1.4 million barrels to 144 million barrels, and gasoline supplies dropped by 2.8 million barrels to 207.4 million barrels.

"We still are adequate as total inventories go on crude, but we have seen two decent-sized draw-downs in last two weeks, contrary to expectations," said Tom Bentz, analyst at BNP Paribas Commodity Futures in New York.

Heating oil futures rose 4.23 cents to $1.7735 a gallon on the Nymex, while gasoline futures increased 4.05 cents to $1.57 gallon.

Natural gas futures surged 56.3 cents to $7.654 per thousand cubic feet. Natural gas supply figures from the EIA will be released Thursday.

Crude futures had fallen to an 11-month low below $57 a barrel Friday — even after OPEC decided to reduce its daily production by a larger-than-anticipated amount of 1.2 million barrels — amid doubts about OPEC's ability to implement the decision to cut daily production.

But prices have bounced back up above $60 a barrel — the threshold OPEC ministers said they wanted to maintain — after reports this week that so far, Saudi Arabia, the United Arab Emirates, and Iran have begun informing customers that they are going through with the cuts, according to Dow Jones Newswires. The OPEC agreement reached last week stipulated that Saudi Arabia would cut of 380,000 barrels a day; the United Arab Emirates would cut 101,000 barrels a day; and Iran would cut 176,000 barrels a day.

Bentz said the notifications to major oil companies are significant, adding, "they don't go back on that."

Other market watchers, though, say it's not enough proof that less oil will be put on the market.

"I have no idea that that's going to happen. You could be telling certain customers, and not others. OPEC has hundreds of customers," said Oppenheimer & Co. analyst Fadel Gheit. "Talk is cheap. Oil isn't. These guys have a way of playing with the market. As long as the market is receptive ... they can have their cake and eat it too: high oil prices and high production at the same time."

Meanwhile, in Nigeria, angry villagers stormed and seized three Royal Dutch Shell PLC oil platforms Wednesday in the Niger Delta, forcing oil production to be shut down at each one, a spokesman for the oil company said.

Royal Dutch Shell officials declined to say how much oil had been cut off after the platforms were attacked. Attacks by armed militants in Nigeria have cut more than a quarter of the country's oil exports since the beginning of this year.

marc
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Joined: Thu Nov 4th, 2004
Location: Basking Ridge, New Jersey USA
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 Posted: Sun Oct 15th, 2006 09:42 pm

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Sunoco...$2.24 Regular..Premium $2.37....Ultra $2.47...Diesel $2.49...

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
Posts: 4393
 Posted: Fri Oct 13th, 2006 03:25 pm

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I couldn't believe it either. It was about the same as 87 octane.

But, 91 octane was $2.61 this morning...

Vero Steve
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Joined: Thu Nov 4th, 2004
Location: Hurricane Alley, Florida USA
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 Posted: Fri Oct 13th, 2006 02:24 pm

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Dave wrote: Vero Steve wrote:
But Diesel is still up at close to $3.00 here........WTF????????Saw Diesel yesterday for $2.49 here...

How the hell can diesel be cheaper in Cali, nothing cheaper out there...........again WTF?????????????????????

 

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
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 Posted: Fri Oct 13th, 2006 02:20 pm

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Vero Steve wrote:
But Diesel is still up at close to $3.00 here........WTF????????Saw Diesel yesterday for $2.49 here...

empty
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Joined: Tue Jun 28th, 2005
Location: Plano, Texas USA
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 Posted: Thu Oct 12th, 2006 11:11 pm

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Vero Steve wrote: But Diesel is still up at close to $3.00 here........WTF????????I guess I need to take a second look, I could have sworn diesel was around 2.40 last week here. Regular is down to 1.85 at Sam's

Vero Steve
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Joined: Thu Nov 4th, 2004
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 Posted: Thu Oct 12th, 2006 09:44 pm

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But Diesel is still up at close to $3.00 here........WTF????????

jeffy ole boy
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Joined: Mon Jan 2nd, 2006
Location: By Bridge On The River, Indiana USA
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 Posted: Thu Oct 12th, 2006 08:51 pm

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Not bad here right now..  $2.04 for regular..

marc
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Joined: Thu Nov 4th, 2004
Location: Basking Ridge, New Jersey USA
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 Posted: Thu Oct 12th, 2006 08:35 pm

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Yesterday...Mobile was $2.37 Regular...$2.47 Premium...$2.63 Super

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
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 Posted: Tue Oct 10th, 2006 08:25 pm

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Think I paid $2.65 yesterday for 91 octane...

weasle
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Joined: Thu Nov 4th, 2004
Location: Tiffin, Ohio USA
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 Posted: Tue Oct 10th, 2006 07:58 pm

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had to go open my big mouth , 2.09 $ today for regular.

weasle
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Joined: Thu Nov 4th, 2004
Location: Tiffin, Ohio USA
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 Posted: Tue Oct 10th, 2006 01:17 pm

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still a 1.99 here for regular, been that way for 2 weeks now . takes all the fun out of drivin past the stations . LOL.

marc
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Joined: Thu Nov 4th, 2004
Location: Basking Ridge, New Jersey USA
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 Posted: Mon Oct 9th, 2006 08:14 pm

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Paid $3.19 for premium in Deerland NY...$.27 less on the other side of town...Both were Mobile stations...WTF...

Dave
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Joined: Wed Nov 3rd, 2004
Location: Monrovia, California USA
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 Posted: Thu Oct 5th, 2006 11:23 am

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Gave $2.71 for 91 Octane yesterday...

Lowest price I've seen around here in a long time...

jeffy ole boy
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Joined: Mon Jan 2nd, 2006
Location: By Bridge On The River, Indiana USA
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 Posted: Thu Oct 5th, 2006 01:38 am

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Those roads are challenging it sounds like Zippo- got some around here about like that.. Lol..

Gas is now down to $2.11 for regular here.   Surprised at the diesel there $1.87 its still way more than that here..

zippo
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Joined: Tue Jan 25th, 2005
Location: Who The Hell Knows, Mexico
Posts: 692
 Posted: Wed Oct 4th, 2006 11:55 pm

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Pemex prices

diesel 1.87

regular 2.50

Premium 3.06

Damn the roads here are narrow!  And on top of that for the most part there is no shoulder and the roads are elevated so your are a couple of feet above the rest of the ground.  Makes pulling the Splinter a bit of a task at times when those huge trucks and buses pass ya.  That includes the toll roads.

Yesterday we got brave and took a secondary road to save about 30 miles on our route here to San Carlos from Bahia Kino. Narrow and Narrow!  The funny thing is the surface will pretty good (by Mexican standards) for a few miles then it goes to shit for a few miles  then back to good, etc.

Stu Pedaso
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 Posted: Wed Oct 4th, 2006 02:15 pm

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Dave wrote: weasle wrote:
finally gas is under 2.00$ a gallon . 1.99 friday , at most stations in town .Hell, we're still bouncin' between $2.50 and $3.00 a gallon out here...

 

That's cuz you have to pay for those fancy pumps that don't let the vapors escape. :D I bet the thought of you filling your lawnmower from a gas can really makes the greenies' heads spin..

Vero Steve
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Joined: Thu Nov 4th, 2004
Location: Hurricane Alley, Florida USA
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 Posted: Wed Oct 4th, 2006 01:05 pm

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Reg unleaded $2.19  93 Super at $2.35  Diesel still high at $2.49  as of this morning.  

Filled up the Dyna this morning for under $10 bucks.....

 


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