it hit $90 a barrel today. i wouldn't be surprised if gas prices go to mid $3 and up to $4 before the spring.

 

Sorry, where I live our prosperity is directly tied to the price of oil. High prices =

 

my chevron premium was $3.35 last week and now its $3.45 today. predictably, just in time for the holiday season.

 

^was thinking on the same lines. it wasn't at all surprising for me to see prices slowly creep up. there's a station near where i work that has its regular as $3.15, mid (89) as $3.25, and premium....a staggering $4.15. it's been up for nearly two months, and though the regular and mid change a little bit, the premium at this particular station is always a full buck more than regular. insane!

 

i don't see any difference.

premium has been around 3.50 for the last month around here.

damn oil bastards

 

thank ben bernanke for his money printing making everything more expensive

 

There's quite a bit of oil shale there in the Canadian Rockies where you live, isn't there?

 

That wouldn't necessarily affect the world price of oil.

A more likely reason for the price-spike, as I see it, is Obama's announcement just a couple of days ago putting at least part of the Gulf of Mexico off-limits to deep-water-drilling for the next 7 years. Though that has not actually affected production (or supply/demand) yet, price-speculators on Wall Street and in the oil industry have a nasty habit (and history) of panicing and wildly bidding prices up or down on simple news stories alone.

 

Oh I am happy I bought into Kodiak Oil & Gas when I did. Thank you Bakken Formation Its one of the few oil/gas stocks that has actually gone up over 100% in the past year
On another note by 2012 or 2014 certain coal power plants are going offline and going to have to switch to natural gas or something, look into the marcellus shale. It costs less to get natural gas from that specific location than anywhere else
Look up Dr. Kent Moors he supposedly knows of all the oil/gas deals happening around the globe.

Sucks paying that the pumps. Its like C$1.20 a litre (87) = C$4.54 a gallon (87).

 

Nope. The oils much further north.

The oil sands up in Fort McMurray runs our entire province. A few years ago the budget surplus was so great that the gov't just wrote cheques to every person in the province for $400.

 

high oil prices = sustained demand for high mileage cars = green wins. low/fluctuating prices = no incentive to create economic cars and no gauge for demand = green looses. take your pick!

 

paid $3.37 for premo at costco today

From AAA:

http://fuelgaugereport.aaa.com/?redi....com/index.asp

 

Its up here, haven't really noticed though....this will help the HS and the CT launch.

 

And motorcycle sales.

 

Shell 93 $3.29 here.
GOV may raise FED tax .15 a gal.

NW Jersey where my daughter lives,Shell 93 is $3.13.