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Author Topic: Gas prices in your area  (Read 234365 times)

Offline Evan2015

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Re: Gas prices in your area
« Reply #315 on: September 19, 2008, 07:47:27 PM »
$2.48?
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Offline tpirfan28

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Re: Gas prices in your area
« Reply #316 on: September 22, 2008, 02:29:39 PM »
Surprised noone has posted this.

Oil is currently up $20.24 or 20%.

Oh wait...it's bizarre since this is the end of the contract.  Tomorrow starts the November contract, and is at $109.
« Last Edit: September 22, 2008, 02:31:57 PM by tpirfan28 »
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #317 on: September 22, 2008, 02:50:57 PM »
Excuse my profanity, but son of a bitch.  :blink:
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Offline tpirfan28

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Re: Gas prices in your area
« Reply #318 on: September 22, 2008, 03:02:37 PM »
Quote from: lfmusiclover on September 22, 2008, 02:50:57 PM
Excuse my profanity, but son of a bitch.  :blink:
That's nothing.  I busted out four of the seven dirty words.
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Offline Mike M

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Re: Gas prices in your area
« Reply #319 on: September 22, 2008, 03:07:22 PM »
Quote from: tpirfan28 on September 22, 2008, 02:29:39 PM
Surprised noone has posted this.

Oil is currently up $20.24 or 20%.

Oh wait...it's bizarre since this is the end of the contract.  Tomorrow starts the November contract, and is at $109.
Is this just a temporary rise since the BP oil rig just reopened?
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #320 on: September 22, 2008, 03:24:04 PM »
Quote from: tpirfan28 on September 22, 2008, 03:02:37 PM
Quote from: lfmusiclover on September 22, 2008, 02:50:57 PM
Excuse my profanity, but son of a bitch.  :blink:
That's nothing.  I busted out four of the seven dirty words.


LOL. Good ol' George Carlin.  :biggrin:
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Offline Mike M

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Re: Gas prices in your area
« Reply #321 on: September 22, 2008, 04:03:14 PM »
Oil dropped about $5 to $120 since 3PM this afternoon.
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Offline Mike M

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Re: Gas prices in your area
« Reply #322 on: September 22, 2008, 09:47:03 PM »
Oil is now $108 at this hour.
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #323 on: September 22, 2008, 09:53:49 PM »
How? The markets close at 4PM ET.  :unsure:
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Offline Mike M

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Re: Gas prices in your area
« Reply #324 on: September 22, 2008, 09:54:36 PM »
According to Bloomberg the prices were last updated at 9PM this evening.
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #325 on: September 22, 2008, 09:55:29 PM »
That's interesting. I guess oil trading continues after the markets have closed.  :thinking:
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Offline tpirfan28

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Re: Gas prices in your area
« Reply #326 on: September 23, 2008, 08:47:43 AM »
Quote from: lfmusiclover on September 22, 2008, 09:55:29 PM
That's interesting. I guess oil trading continues after the markets have closed.  :thinking:
Okay, let me try and explain this.

Yesterday at 2:30PM, the October contract for oil expired.  Because of a short squeeze, the October contract shot up to $120+.  Starting at 9PM with electronic after-hours trading (not real), they started trading the November contract, which was only at $109.

Oil trades on monthly contracts, gas does not.
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Offline lfmusiclover

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Re: Gas prices in your area
« Reply #327 on: September 23, 2008, 08:50:22 AM »
Quote from: tpirfan28 on September 23, 2008, 08:47:43 AM
Quote from: lfmusiclover on September 22, 2008, 09:55:29 PM
That's interesting. I guess oil trading continues after the markets have closed.  :thinking:
Okay, let me try and explain this.

Yesterday at 2:30PM, the October contract for oil expired.  Because of a short squeeze, the October contract shot up to $120+.  Starting at 9PM with electronic after-hours trading (not real), they started trading the November contract, which was only at $109.

Oil trades on monthly contracts, gas does not.

I'm very well aware of that. I thought trading only occured during the hours the market was open.
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Offline Mike M

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Re: Gas prices in your area
« Reply #328 on: September 24, 2008, 07:14:42 AM »
Prices here dropped again and are now as low as $3.19.
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Offline NicoleWasHere

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Re: Gas prices in your area
« Reply #329 on: September 28, 2008, 10:32:54 AM »
Gas prices in my area are down to $3, even!   :dance:


What's this mean, though, the lowering gas prices?
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