Enjoy while it lasts, the Oil Thugs will be cranking it back up in no time as usual.
12-3-2014
http://finance.yahoo.com/news/first-u-gas-station-drops-202052999.html
First U.S. Gas Station Drops Below $2 a Gallon
$2 gasoline is back in the U.S.
An Oncue Express station in
Oklahoma City was selling the motor fuel for $1.99 a gallon today, becoming the first one to drop below $2 in the U.S. since July 30, 2010, Patrick DeHaan, a senior petroleum analyst at GasBuddy Organization Inc., said by e-mail from Chicago.
"Today's national average, $2.74, now makes the current price we pay a whopping 51 cents per gallon less than what we paid a year ago."
Pump prices have fallen by almost a dollar since reaching this year's high on April 26.
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They will find excuses to raise prices, they always do:
http://www.marketwatch.com/story/oi...ain-jittery-2014-12-03-61032919?siteid=yhoof2
Oil jumps after surprise U.S. supply decrease
Crude-oil futures rose Wednesday, picking up more steam after a U.S. government-supply report showed an unexpected decline in crude inventories.
On the New York Mercantile Exchange, light, sweet crude futures for January delivery
CLF5, +0.50% rose 50 cents, or 0.8%, to settle at $67.38 a barrel.
January Brent crude
LCOF5, -0.72% on Londons ICE Futures exchange changed directions as the session progressed, ending the day down 62 cents, or 0.9%, at $69.92 a barrel.
The Energy Information Administration said earlier Wednesday U.S. crude-oil supplies declined 3.7 million barrels on the week ended Nov. 28.
Analysts surveyed by Platts had expected crude inventories to increase by 380,000 barrels on the week.
The era of oil at $100 a barrel, however, is likely over, Edward Morse, head of commodities research at Citigroup, said in a report.
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I have to bold the idiot that said $100 oil is over.
I have a bridge for sale for him too.