Crude Oil at 91 a barrel

[pgfpro]

I just noticed that Crude Oil went up yesterday to 91 a barrel. I wonder if it will stay up this time?

[Jay2TheRescue]

Since this topic is relevant to the focus of this site, I'm moving out of the off-topic forum.

[bowtieguy]

many believe it will continue going up, while jobs and housing continue downward. related? somewhat.

[pgfpro]

Our regular gasoline prices went from $2.80 a gallon to $3.00+ in about the last two weeks. Its like the vendors new that crude was on its way up?

Now I wonder if it will go past $3.25 a gallon in the next weeks to come.

This gives me some incentive to get back on my fuel projects.

[Jay2TheRescue]

Maybe I should snag a new Chevy Cruze ECO when they hit the streets in January, and sell it 6 months later for a profit when the dealers can't keep them in stock.

[Ford Man]

Originally Posted by Jay2TheRescue

Maybe I should snag a new Chevy Cruze ECO when they hit the streets in January, and sell it 6 months later for a profit when the dealers can't keep them in stock.

You may want to buy one to drive it the price of crude and gas continue to rise.

[Jay2TheRescue]

Of course I'd drive it... but if I could re-sell it for a profit of a few thousand, that would buy a lot of gas for the Harley. Remember last time prices spiked? People were asking $5,000 for ragged out diesel Escorts.

[DRW]

I typically see gas prices jump during high travel holidays. I hope prices at the pump drop a little after the holidays.

[Ms.V.X.]

I recall an economist on a news program saying that we have not had $3.00 a gallon gas at Christmas before....wondering if that's true, or if I heard it wrong?

Also seem to remember that it was when gas spiked up in 2008 that the price of small used economy cars soared.

[shatto]

China is buying-up every raw material on earth and the rest of the world is locking-up as much of what they need as they can. There is huge demand for the life-blood of the modern world, oil, and that is driving up prices, especially since our government has removed American production from the supply.