Oil Price Going Down

I don't know but all I do know is that I will be walking soon lol.

Well, you know the greedy oil companies aren't in as much of a hurry to lower prices as they are to raise them because they're not going to be making as much but eventually they will. I heard something about the price maybe dropping by as much as 20 cents a gallon by next week. We'll see.

The daily price at the pump bares no relation to the daily price of oil on the stock markets. Rises in the international trading price of oil take a while to feed through to the local gas station. It is true though that price rises occur more quickly than decreases in price.

That is a great question. I have often thought the exact same thing. By law they can only change the price one time every 24 hours. Don't know who enforces this law but that is the way it is suppose to be. I figure they jack the price to make more money quickly but don't bother lowering it until all the competition does. Once they get you use to a price they figure they can keep it there. It has literally gone down over 15 bucks a barrel yet the price at the pump hasn't changed a cent.

Where I live, the price of gas has gone down. Just a little, but hey I'll take what I can get when gas is $4.69.

Figures just when I bought some oil stock, but I'll be happy to see the change at the pump. I live in a rural area and can hardly afford to go anwyhere with the price of gas being so astronomically high. I've spent like 45.00 on gas in the past three days and my car is actually good on gas. I'd hate to see what would happen if I had a gas guzzler.

yes its disgusting how greedy the oil companies are. i think its just greed because no one seems to want to do anything to check and put a limit on what they charge.