Oil Prices Fall But How Long Until You See Prices At The Pump Go Down?

Oil prices have plunged this week like they haven’t since the fall of 2008, when Lehman Brothers failed and a hurricane closed so many refineries that demand for crude dried up for more than a week.

Suddenly the price of crude is below $100 a barrel for the first time in two months, and experts say that gasoline prices will slide down from a current national average of just under $4 for a gallon of regular to $3.75 by Memorial Day weekend, and to perhaps as low as $3.50 by midsummer.



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OBSERVER1984 - 5/6/2011 1:54:48 PM

-3 Boost

Do you really think that 4.30$ or 4.50$ for a gallon is high?

Do you know that in more european countries the gas price is over 9.00$-9.50$ per gallon?

You guys don't know what you have!

OBSERVER1984 - 5/6/2011 4:11:59 PM

+1 Boost

Well exactly because you are the largest consumer you should pay just like everyone else on this planet. If you drive normal 4 cylinder engine cars that consump less fuel there gonna be fuel for the rest of this planet.

Plus if you think that people all over the world are happy that your army is killing them you're wrong! Read some international websites and you'll see how "thankful" the world is to your army!

The petrol is gone and the whole world should accept it, no matter if you like it or not!

2ndbimmer - 5/7/2011 12:14:30 PM

+1 Boost

you are conditioned. you should not be paying that much in Europe. The US has a trillion barrels in reserve. Gas should be more like $2 a gallon. You are just brainwashed in to thinking what a good deal is.
They can charge anything they want because we are forced to buy.

toolatetorace - 5/8/2011 7:18:35 PM

+1 Boost

Yes your gas may be cheaper but, it subsidizes your health insurance . Right now I am paying about 200.00 per month Plus about 600.00 / month health insurance for a total of 800.00/month My cost for fuel by you would be 550.00 month apox. These numbers for whole equation figuring 4.00 / gal in the U.S. You are geting a better deal

delan - 5/6/2011 7:26:33 PM

+3 Boost

Wall Street is one 1/3 of the puzzle. The other thirds are OPEC and the Oil companies (Shell, Exxon, BP et al)