I didn't want to post the entire story so I just put the link here for those who may care to read it. The bottom is fixing to fall out of the outrageous fuel prices according to this story.



Lehman Bros. Report: Oil Bust in the Cards

 

I will believe it when I see it. There is no way gas or diesel prices should be as high as they are. When the big three can make 48 billion dollars profit in a year should tell You that gas should not be that high.

 

My thoughts exactly. Would be nice to see but I won't hold my breath.

 

I agree with Floyd. I'll beleive it when I see it. Not only did the make a hug profit but the government actuall subsistises the oils co. My accountant showed me an article in some mag that she had.

 

If the OPEC folks are investing in the commodities market then theirs a real possibility that when things start to go south they will dump their holdings and send oil into a tailspin, then re-invest when it bottoms out too low. With enough money being pulled out at once they could easily start the slide.

Of course the other side of the coin is they could just finance some rebels or terrorists somewhere to attack a pipeline and cause supply fears to keep the prices up. That kind of sounds like what's going on now doesn't it?

 

Unfortunately, never in history has the correlation between price/bbl and price at the pump been farther apart.

 

in the meantime it goes up daily?/

 

Some places it only takes an hr for it to rise 3 cents....and then 2 cents more by the end of the day

 

We have a station in Fairhaven MA that has raised the price while people were waiting in line!

 

It,s amazing that that the gov. inventories and reports surplus and deficits on wed and they report shortages in fuels and the price goes up later that day. Same as said above, that a terror attack or a oil rig shuts down, everybody go,s nuts. Something is seriously wrong here. Doesn't it seen funny that dubya last week went on camera and said that we need to start drilling here(what he wanted to do in anwar 10 years ago) and all of a sudden the prices at the pump halted FOR 4 DAYS. Only to start creeping up again after them 4 days. The oil companies no what thier doing.

 

More good news??Gas made it to $4.00 a gallon today up from $3.79 yesterday

 

when will it stop, its truly outa hand!

 

It will go up to the price that the market can bear.
That means it will continue to rise until the amount of fuel purchased begins to decline rapidly.

 

the feds knew it was comming when the lowered interest rates
by doing so they knew it would raise fuel prices and drive the dollar further into the dirt so that they could hold back the comming recession that was already here

I hope their reasoning makes sense to somebody

 

I believe the feds lowered the interest rates in hopes it would increase the value of the dollar in turn helping to lower the price of fuel.