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Old 12-05-2008, 09:16 PM   #15
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funny to remember when .88/gal was high!
I'm so old, I remember Full Service, check your oil, 35 cents a gallon.

Gulf No-Knox. Filled with, yum, lead.

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I just filled (8) 5-gallon containers that i had sitting in my garage at $1.42 a gallon. Put stabil in them and hope they will last a few months
You'll be fine with Stabil.
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Old 12-05-2008, 09:23 PM   #16
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Well, now Merrill Lynch Commodity Strategist Francisco Blanch and an Gulf Oil CEO Joe Petrowski are both predicting that crude oil prices may very well fall below $25 a barrel by early next year resulting to an unthinkable drop in gas prices to below a $1 a gallon!

Speaking at a South Shore Chamber of Commerce on Wednesday, Joe Petrowski, CEO of Massachusetts-based Gulf Oil said that that the price of oil could sink to as low as $20 per barrel which could lead to gasoline prices dropping under $1 per gallon by early next year.
just in time for me to be driving to and from school everyday (most likely requiring at least 2 gallons a day)
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Old 12-05-2008, 11:29 PM   #17
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funny to remember when .88/gal was high!
Regular was approx. 83cents when I started driving. I remember when it hit $1 and everyone thought that crazy. Not to mention when it his $1.25 and $1.50. LOL

Now it's $1.55 here and everyone rejoices.
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Old 12-06-2008, 02:01 AM   #18
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I remember that .85 cents a gallon. THAT was nice!

Shoot...if gas falls below a buck a gallon, I just might have to take off a few days and go on a road trip!
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Old 12-06-2008, 02:18 AM   #19
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Granted I was a kid but I remember .22 Cents a gallon living in LA. We had a Phillips 66 across the street from our apartment and my dad taught me about numbers by reading the gas prices on the pumps.
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Old 12-06-2008, 04:48 AM   #20
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Gas is 1.49 here at the moment. Under 1 dollar? I have a feeling it will turn around by then, but it certainly seems possible.
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Old 12-06-2008, 09:28 AM   #21
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Once this world economic down turn ends and most analysts say that will be in 2010 then gas will go WAY UP , so enjoy it while you can . India and China are still in the MEGA GROWTH industrial revolution just like Canada and the US were in the early 1900s , even now China still has 6% growth with this world recession that's amazing because a good annual growth rate for most country's is 3% in good times. So once all this mess is cleaned up watch out as these developing nations will be back to 10%+ growth and some analysts predict a barrel of oil to hit 200 dollars next time around .. China and India are supposedly building 4000 cars a day as more and more people become middle class in those country's and they all want new cars , they will need MEGA FUEL in the near future , the world is running out of easy to access oil and that's a fact they keep having to drill deeper and go further to get it , we are lucky in Canada since we have the OIL SANDS in Alberta giving us oil for up to 100 years with the worlds BIGGEST OIL RESERVE as the SAUDIS which had the largest supply will be dry within 10 to 15 years most analyst say , that is why they are switching to tourism have you guys seen the stuff they are building in places like DUBAI WOW worlds tallest building , man made islands etc..

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Old 12-06-2008, 09:31 AM   #22
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I can actually afford gas for the Envoy and Sonoma now!
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Old 12-06-2008, 10:05 AM   #23
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I can actually afford gas for the Envoy and Sonoma now!
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Old 12-06-2008, 10:43 AM   #24
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Maybe the oil copmanies that made 13bill+ in the 3rd quarter of this year should be helping to "bail out" the car makers?

Wonder how long it will be before the governmant has companies with profits put a percentage in a "fund" to be held for future bed economic times....like social security for businesses....
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Old 12-06-2008, 11:02 AM   #25
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I live in South Carolina and gas is 1.45 today, about 6 months ago it was 4.00 I know when the hurricane season starts next year we will be getting dry humped again. Just like this past year, if you saw a tropical storm off Africa in the news, you couldn't get to a gas station fast enough to beat the price gouge. These commodity strategists and speculators are not our friends either. Its all about the money, screw the economy and the people. I really thought last summer that soon we might all be riding bicycles and mopeds. I hope I don't have to save money for a vacation just to get the new camaro out, but thats what I'll do.
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Old 12-06-2008, 01:01 PM   #26
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I take what they say with a grain of salt. It is all about the stupid speculators. These same idiots said that oil would be over $200 as well, and it never reached it either.

OPEC is already in talks to stabilize the price around $50, all they do is cut production to maintain the demand.

I would love gas to under $1 a gallon, but I am not holding my breath. We are paying around $1.50 to $1.70.
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Old 12-06-2008, 05:02 PM   #27
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I haven't seen $1 gas since about 1997. That's great if we see it again. I just hope it doesn't sky rocket back to $4 again when the economy recovers.

I worked a t a station when I was 18 and regular was consistant at 29.9 cents and "Ethyl" was 2 cents more. There was no such thing as unleaded. Diesel was 9.9 cents. You would see and occational Mercedes come in for that. Most people would stop in and get "a dollars worth" or "two dollars worth" and that would last them a while. I thought it was outrageous when gas got to 49.9 a gallon. That doesn't cover the tax on a gallon in most states now. Realize that if gas gets down to $1 a gallon again, the majority of that will be taxes. Then everyone will complain about the taxes on that gallon rather than complaining about the oil companies doing the raping. Funny how the economics of things can shift so much.
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Old 12-06-2008, 05:04 PM   #28
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Oh ya, at that price, we also where required to check the oil, check the air in all 4 tires. AND wash the windshield. With a smile. Can you find that now?
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