PRICE OF CRUDE OIL CLOSES AT $100.01/BARREL TODAY

[PASTRAPIDSFAN]

Yes and my local gas stations are showing there prices 4.09 for diesel give me a break

[tomASS]

$3.79 for regular in Chicago this weekend.

Big talk at the Houseware show this weekend.

1) any overseas price quote was probably only as good as the time it took the ink to dry.
2) price increases are rampant in just about every consumer product category both in finished goods and raw material costs. Typically the competitive nature amongst companies to secure retailers' business will keep price increases to a bare minimum. The retailers are powerless to prevent these increases and they will be passed along to the consumers.
3) lead times for manufacturing overseas has increased by about 30 days because of capacity issues (new chinese labor regulations) and container shortages. Those jobs are not coming back here, they are going to even further underdeveloped countries (Cambodia)

[Can't Never Tried]

Gee it's at $144.00/barrel today....up what 30% since this thread was started.
And Gas up a full 25%
Yep supply/demand I tell ya !

Just another note... we are really starting to see the overseas companies coming here because of the weak dollar, to have Americans do the labor.
This I know as fact because of my business, and it's happening like I've never seen before in over 30 yrs.

Oh yeah I don't recall what thread it was where some of us were discussing in late Jan. the stock market, and I said for me that it was time to move to low yield safe money, and maybe look at getting back in stocks or mutuals in 6-9 months.
Well the market was at 12,100 then, and it went up as high as 13k (I think).

Today it's at 11,215 today, and if you look at fund performance in that period you will still find that most were (-) by good margins even as the Dow and NASDAQ climbed, so are we getting to the bottom yet? or will it go to 10K ? if so is that the time to get back on the wagon?

Some experts are saying that oil should be trading at $80.00/barrel not $144.00

[tomASS]

Can you say speculators?????

we have not seen the market hit bottom yet. Keep your money as liquid as possible and also consider buying some precious metal known as gold. Or if you want to buy any retail store stock, buy the stock of the major dollar stores. They are buying a lot of great deals of aged inventory and will have stellar years with phenomenal 4th quarter results.

All I can say is that I had 10 vendors this past week alone submit price increases to certain major retailers without any push back. We have yet to see the affect or the ceiling on retail consumer prices. They are just beginning to rise.

[goldy313]

In March I moved a bunch of my money out of mid cap and growth mutual funds, that are down 14.1% and 12.9% respectively since the first of March and into some gold/precious metals funds that are up 11% since March 1st. I've also put some into inflation limked bonds that are up 5%. My stupid 403B fund manager had my fund down 10% and argued against my canning him and his fee to lose my money. The good thing about my companies plan is that is easy to move money around without a fee after29 days so if the makets start to trend upwards its an easy switch.

[Can't Never Tried]

Wow $146/barrel today!! we must have used way to much yesterday and really pinched the supply

[tomASS]

Wow $146/barrel today!! we must have used way to much yesterday and really pinched the supply

sorry I filled up two vehicles yesterday or I should say I filled to the $75 dollar limit. I take complete and full responsibility. My bad

[EREmpireStrikesBack]

Wow $146/barrel today!! we must have used way to much yesterday and really pinched the supply

sorry I filled up two vehicles yesterday or I should say I filled to the $75 dollar limit. I take complete and full responsibility. My bad

As did I. Only $50 though. I'll still let Tom take the blame.

[Can't Never Tried]

Wow $146/barrel today!! we must have used way to much yesterday and really pinched the supply

sorry I filled up two vehicles yesterday or I should say I filled to the $75 dollar limit. I take complete and full responsibility. My bad

As did I. Only $50 though. I'll still let Tom take the blame.

Well thanks a lot !
I'm running on fumes trying to help the situation, while you guys are just wiping out my efforts.
geez set an example tomAss

[east hockey]

Hey, I can't squeeze more than $41 worth of gas into my new Corolla. Do I need to buy a bigger gas tank?

Lee

[Can't Never Tried]

Hey, I can't squeeze more than $41 worth of gas into my new Corolla. Do I need to buy a bigger gas tank?

Lee

Probably not the only thing your having trouble squeezing into that thing!

[tomASS]

sorry I filled up two vehicles yesterday or I should say I filled to the $75 dollar limit. I take complete and full responsibility. My bad

As did I. Only $50 though. I'll still let Tom take the blame.

Well thanks a lot !
I'm running on fumes trying to help the situation, while you guys are just wiping out my efforts.
geez set an example tomAss

I will when a certain ex-gov. from TN, former VP, former Prez candidate, Oscar winner, and Nobel prize winner who likes to tell complete falsehoods about the environment (trying to prevent this thread from being locked by not mentioning any names or party affiliations) does his part to reduce something called a carbon footprint.

See you should know me better - in my world the future is made up of nows! Besides I'm working on reducing my carbon-fiber footprint. I had the road bike out yesterday .....don't worry I don't do lycra bike clothes any more or maybe It's because I can't

Tour de France starts this weekend - wonder what the drug of choice and follow-up excuse will be this year.

Do steroids work on cars?? or maybe we should try doping our gas like they can with blood???

[Silent But Deadly]

Hey, I can't squeeze more than $41 worth of gas into my new Corolla. Do I need to buy a bigger gas tank?

Lee

Probably not the only thing your having trouble squeezing into that thing!

Good one CNT.......say east hockey....if you have a gas problem...try eating fewer beans!

Silent But Deadly.......

[east hockey]

Hey, I can't squeeze more than $41 worth of gas into my new Corolla. Do I need to buy a bigger gas tank?

Lee

Probably not the only thing your having trouble squeezing into that thing!

Good one CNT.......say east hockey....if you have a gas problem...try eating fewer beans!

Silent But Deadly.......

Actually, the only problem I have is not letting the SUV drivers see me laughing as I watch them at the pump filling up with a look of dismay in their eyes.

Lee

[Can't Never Tried]

Probably not the only thing your having trouble squeezing into that thing!

Good one CNT.......say east hockey....if you have a gas problem...try eating fewer beans!

Silent But Deadly.......

Actually, the only problem I have is not letting the SUV drivers see me laughing as I watch them at the pump filling up with a look of dismay in their eyes.

Lee

There are economy SUV's too!




By the way, has anyone tried the MyGallons card? just think what a deal that would have been if if a guy bought 1000 gallons a year ago!!

[Govs93]

Good one CNT.......say east hockey....if you have a gas problem...try eating fewer beans!

Silent But Deadly.......

Actually, the only problem I have is not letting the SUV drivers see me laughing as I watch them at the pump filling up with a look of dismay in their eyes.

Lee

There are economy SUV's too!




By the way, has anyone tried the MyGallons card? just think what a deal that would have been if if a guy bought 1000 gallons a year ago!!

Is that a wind-up key on the back of that thing?

In regards to MyGallons, it might be a good idea to hold off on that until they get their crap together. Looks like you may be able to buy all you want, but not be able to redeem any of it at the moment.

[Can't Never Tried]

Nice work Govs...it's reads good on their website...but the BBB paints a whole different picture..

[EREmpireStrikesBack]

First Fuel up in St. Cloud has the same kind of idea, just with their pumps. They say that they have 40 (I think, maybe more) people that are still getting their gas for under $1.00 a gallon because they loaded up when the price was low. They must be millionaires now!

[OGEE OGELTHORPE]

With the price near 100 dollars a barrel again, why is the price of gas so slow to come down.

National average on the way up was around 3.25
National average on the way down is 3.65.

[east hockey]

With the price near 100 dollars a barrel again, why is the price of gas so slow to come down.

National average on the way up was around 3.25
National average on the way down is 3.65.

They'll probably blame the refinery costs. They have to have some way to explain how crude oil has dropped nearly 30% from his highest point (so far) yet gas prices (in Duluth) have only dropped 10%, right?

Lee

[Indians forever]

With the price near 100 dollars a barrel again, why is the price of gas so slow to come down.

National average on the way up was around 3.25
National average on the way down is 3.65.

I often wonder that myself. It ticks me off though evertime I think about it.

[10ouncepuck]

Here's an example of "the US's transfer of wealth". Keep filling up your petrol tanks folks.
There's no need for more domestic oil production.

http://www.clevelandsolar-wind.com/Dubai.pps

[Indians forever]

Here's an example of "the US's transfer of wealth". Keep filling up your petrol tanks folks.
There's no need for more domestic oil production.

http://www.clevelandsolar-wind.com/Dubai.pps

Very interesting.

[DMom]

Here's an example of "the US's transfer of wealth". Keep filling up your petrol tanks folks.
There's no need for more domestic oil production.

http://www.clevelandsolar-wind.com/Dubai.pps

Very interesting.

I remember talk a few years ago about adding one of these to the National Sports Center Complex, but it never came about.

http://www.skidxb.com/English/gallery1_ ... id=1&sid=4

[EREmpireStrikesBack]

It woulda made parking even worse.