Oil Prices-Starting a modest climb? - Smart Car of America Forums : Smart Car Forum

kwagar · 05-07-2009, 08:21 AM

Todays news:
Prices: Oil rose toward $58 per barrel today as a surge in global stock markets raised expectations of
economic recovery and of increased demand for oil products. US light crude for June delivery rose
$1.54 cents per barrel to $57.88 by 0821 GMT, adding to $2.50 gains on Wednesday when it settled
at $56.34, its highest close since Nov. 14, 2008. London Brent crude rose $1.54 cents to $57.69. US
crude inventories have gained again, but by a lower-than-expected 600,000 barrels against forecasts
for a 2.2-million-barrel build, while US gasoline stocks fell last week by 200,000 barrels to 212.4
million, the Energy Information Administration said on Wednesday.

We are a long way from $4.00 Gas but after an extended period of very little movement in Oil Prices it may be starting a long term increase. Will be interesting to see how it performs over the summer driving season.

Krootie · 05-07-2009, 08:23 AM

Yep! $.20 jump yesterday - haven't checked it today. Ugh!

CruzinSusan · 05-07-2009, 08:26 AM

Oregon Coast prices jumped too - naturally, just as I needed a fill-up...$2.57 for super...

chieftmc · 05-07-2009, 08:31 AM

Oil price down = gas prices up !

Oil price up = gas prices up !

Am I the only one

Gas up here too. $2.27/2.37/2.47

forestacademy · 05-07-2009, 09:15 AM

Quote:

Originally Posted by chieftmc

Am I the only one

Well your one of a Kind. Does that count?

**jwight** · 05-07-2009, 09:34 AM

Today regular is $2.26, premium is $2.46 and diesel is $2.19 a gallon here. The TDI drivers are very happy!

theguywiththelongestname · 05-07-2009, 05:43 PM

7 May 2009: Chevron premium $2.59/gal here in the Mojave Desert CA.

puppeto · 05-07-2009, 10:49 PM

When it hits $4 plus a gallon does that mean we can turn up the smug level to 11? 41MPG FTW!

rolly · 05-07-2009, 11:03 PM

It is already $3.45 CAD a US gal. when converted from $0.91/ liter up here in Canada.
That is $2.94 USD.

kwagar · 05-08-2009, 07:51 AM

Friday AM May,8

Prices: Oil rose above $57 per barrel today, on hopes of an economic recovery that could boost
falling world oil demand. US crude rose $1.11 to $57.82 per barrel by 1029 GMT, after settling at
$56.71 on Thursday, the highest settlement since Nov. 14. Brent crude was up $1.10 at $57.57.