Told ya so!!! Oil hit $94.18 a barrel today.

Message

BackInTex · #1 Post by **BackInTex** » Mon Sep 15, 2008 8:11 am

I also called the mortgage bust 7 years ago when all the low interest adjustibles and no interest loans made such a surge. When BiT speaks, Merrill Lynch listens.

Well, they should have, but they didn't so now Bank of America is picking them up on the cheap.

Anyway, I hope not too many people here were counting on $200 oil in their portfolios.

Also, I don't know where Bob Junch got his news that 10 platforms were destroyed. Maybe the same place he gets his news that Obama is in the lead. This article says

Early reports from emergency officials and oil companies indicated little or no severe damage to energy infrastructure -- signaling a possible quick recovery to production -- though near-term supply problems were expected.

http://news.yahoo.com/s/nm/20080915/bs_ ... ets_oil_dc

#2 Post by **littlebeast13** » Mon Sep 15, 2008 8:12 am

So when do the $4.09 signs come down around here......?

lb13

Rexer25 · #3 Post by **Rexer25** » Mon Sep 15, 2008 8:15 am

littlebeast13 wrote:So when do the $4.09 signs come down around here......?

lb13

A few days after the refineries click back on...

peacock2121 · #4 Post by **peacock2121** » Mon Sep 15, 2008 8:16 am

Great news about the energy infrastructure.

I look forward to lower numbers at the gas pump.

BackInTex · #5 Post by **BackInTex** » Mon Sep 15, 2008 8:25 am

littlebeast13 wrote:So when do the $4.09 signs come down around here......?

lb13

Not sure. Depends on when Clorox finds a better formula. Formlas 410 through 463 were all busts, with the exception of 457. I worked, but smelled like cooked bacon and limited the market to non Jewish and non Muslim folks. So they continue to do research.

kayrharris · #6 Post by **kayrharris** » Mon Sep 15, 2008 8:26 am

One station here has REGULAR gas at $4.64 a gallon on Saturday. Surely he can be fined somehow. A lot of stations are out of fuel and say they will be for several days. If you want fuel, we're forced to pay these prices. My car uses diesel and it was actually the cheapest on their price board at $4.06!!! I had filled up Wednesday and didn't need any, thank goodness.

I have a full tank, but have a necessary trip to Birmingham. It's really frustrating!!

NellyLunatic1980 · #7 Post by **NellyLunatic1980** » Mon Sep 15, 2008 8:31 am

Rexer25 wrote:
littlebeast13 wrote:So when do the $4.09 signs come down around here......?

lb13
A few days after the refineries click back on...

I have 3/8 of a tank of gas. I hope I can hold off until the prices drop at least 50 cents per gallon.

earendel · #8 Post by **earendel** » Mon Sep 15, 2008 8:32 am

kayrharris wrote:One station here has REGULAR gas at $4.64 a gallon on Saturday. Surely he can be fined somehow. A lot of stations are out of fuel and say they will be for several days. If you want fuel, we're forced to pay these prices. My car uses diesel and it was actually the cheapest on their price board at $4.06!!! I had filled up Wednesday and didn't need any, thank goodness.

I have a full tank, but have a necessary trip to Birmingham. It's really frustrating!!

There were reports of gasoline skyrocketing to $4.75 or more a gallon in western Kentucky on Friday and Saturday; locally it hit $3.99 on Friday, then $4.15 on Saturday, and that's where it is now - if you can find a station that's open and has gasoline (Thornton's, one of the major chains in the area, doesn't have any to send to its local stations and some have been out since Saturday).

#9 Post by **littlebeast13** » Mon Sep 15, 2008 8:35 am

earendel wrote:
kayrharris wrote:One station here has REGULAR gas at $4.64 a gallon on Saturday. Surely he can be fined somehow. A lot of stations are out of fuel and say they will be for several days. If you want fuel, we're forced to pay these prices. My car uses diesel and it was actually the cheapest on their price board at $4.06!!! I had filled up Wednesday and didn't need any, thank goodness.

I have a full tank, but have a necessary trip to Birmingham. It's really frustrating!!
There were reports of gasoline skyrocketing to $4.75 or more a gallon in western Kentucky on Friday and Saturday; locally it hit $3.99 on Friday, then $4.15 on Saturday, and that's where it is now - if you can find a station that's open and has gasoline (Thornton's, one of the major chains in the area, doesn't have any to send to its local stations and some have been out since Saturday).

I still want to know why our gas on the IL side of St. Louis shot up on Wednesday when it apparently did so nowhere else in the country until Friday and Saturday....

I smell a conspiracy....

lb13

mntetn · #10 Post by **mntetn** » Mon Sep 15, 2008 8:54 am

I filled up at Kroger just after 6 Friday morning at 3.509 (posted 3.539 less 3 cents for my Kroger card) but just a few minutes later, the tanker rolled in ...

by Friday afternoon it was 3.799

and this morning it's 4.099

Other stations on the way to work range from 4.059 to 4.299, with several stations out, including all the Mapco stores.

Sir_Galahad · #11 Post by **Sir_Galahad** » Mon Sep 15, 2008 10:00 am

littlebeast13 wrote:So when do the $4.09 signs come down around here......?

lb13

My feelings exactly.

If gas prices were around $4.00 when a barrel of oil was around the $140 mark, why isn't gas around $2.25 when the price of oil is down near $100? I don't understand that economic formula.

Bob Juch · #12 Post by **Bob Juch** » Mon Sep 15, 2008 10:21 am

Regular is still $3.599 here in town.

VAdame · #13 Post by **VAdame** » Mon Sep 15, 2008 10:27 am

$3.69 'round here yesterday & this morning. Up about 10 cents from Friday.

mntetn · #14 Post by **mntetn** » Mon Sep 15, 2008 10:34 am

Bob Juch wrote:Regular is still $3.599 here in town.

VAdame wrote:$3.69 'round here yesterday & this morning. Up about 10 cents from Friday.

I suspect we get most of ours from the Gulf area. For example, Mapco used to be Delta, as in Mississippi delta.

TheConfessor · #15 Post by **TheConfessor** » Mon Sep 15, 2008 11:41 am

BackInTex wrote:I also called the mortgage bust 7 years ago when all the low interest adjustibles and no interest loans made such a surge. When BiT speaks, Merrill Lynch listens.

I guess I wasn't paying attention. Exactly what did you tell us, and when? I assume this means you are now wealthy beyond our ability to imagine.

BackInTex · #16 Post by **BackInTex** » Mon Sep 15, 2008 12:07 pm

TheConfessor wrote:
BackInTex wrote:I also called the mortgage bust 7 years ago when all the low interest adjustibles and no interest loans made such a surge. When BiT speaks, Merrill Lynch listens.
I guess I wasn't paying attention. Exactly what did you tell us, and when? I assume this means you are now wealthy beyond our ability to imagine.

I don't know what you were listening to back then, but I told everyone when the topic came up that "in 5 years when all these adjustables adjust" we will see record foreclosures.

However, I did not make any kind of financial play, as I am not much of the investor type. I'm usually right, but I have terrible timing.

jaybee · #17 Post by **jaybee** » Mon Sep 15, 2008 4:34 pm

earendel wrote:
kayrharris wrote:One station here has REGULAR gas at $4.64 a gallon on Saturday. Surely he can be fined somehow. A lot of stations are out of fuel and say they will be for several days. If you want fuel, we're forced to pay these prices. My car uses diesel and it was actually the cheapest on their price board at $4.06!!! I had filled up Wednesday and didn't need any, thank goodness.

I have a full tank, but have a necessary trip to Birmingham. It's really frustrating!!
There were reports of gasoline skyrocketing to $4.75 or more a gallon in western Kentucky on Friday and Saturday; locally it hit $3.99 on Friday, then $4.15 on Saturday, and that's where it is now - if you can find a station that's open and has gasoline (Thornton's, one of the major chains in the area, doesn't have any to send to its local stations and some have been out since Saturday).

We hit a high of $4.999 for regular on Saturday. It's dropped back down to $4.499 now. It was around $3.45 last Friday.

BackInTex · #18 Post by **BackInTex** » Mon Sep 15, 2008 6:45 pm

jaybee wrote:
earendel wrote:
kayrharris wrote:One station here has REGULAR gas at $4.64 a gallon on Saturday. Surely he can be fined somehow. A lot of stations are out of fuel and say they will be for several days. If you want fuel, we're forced to pay these prices. My car uses diesel and it was actually the cheapest on their price board at $4.06!!! I had filled up Wednesday and didn't need any, thank goodness.

I have a full tank, but have a necessary trip to Birmingham. It's really frustrating!!
There were reports of gasoline skyrocketing to $4.75 or more a gallon in western Kentucky on Friday and Saturday; locally it hit $3.99 on Friday, then $4.15 on Saturday, and that's where it is now - if you can find a station that's open and has gasoline (Thornton's, one of the major chains in the area, doesn't have any to send to its local stations and some have been out since Saturday).
We hit a high of $4.999 for regular on Saturday. It's dropped back down to $4.499 now. It was around $3.45 last Friday.

Down here in gas shortage land, I just paid $3.59 for regular. I could have paid only $3.39 if I wanted to wait behind 13 other cars. We must have better gouging laws here.

silvercamaro · #19 Post by **silvercamaro** » Mon Sep 15, 2008 7:03 pm

TheConfessor wrote:
I assume this means you are now wealthy beyond our ability to imagine.

I know nothing about BiT's finances, but I've met his children. In my opinion, he is indeed wealthy beyond most people's imagining.

mrkelley23 · #20 Post by **mrkelley23** » Mon Sep 15, 2008 7:20 pm

littlebeast13 wrote:So when do the $4.09 signs come down around here......?

lb13

Long enough after so that even the people who didn't panic and buy gas at $3.99 will have to buy at least a little bit before they go back down....

secondchance · #21 Post by **secondchance** » Mon Sep 15, 2008 7:27 pm

littlebeast13 wrote:I still want to know why our gas on the IL side of St. Louis shot up on Wednesday when it apparently did so nowhere else in the country until Friday and Saturday....

I smell a conspiracy....

lb13

Hey, lb- my MIL (Tank Dent Palin) lives in Caseyville. Is that anywhere near you?

#22 Post by **littlebeast13** » Mon Sep 15, 2008 7:29 pm

Second Chance wrote:
littlebeast13 wrote:I still want to know why our gas on the IL side of St. Louis shot up on Wednesday when it apparently did so nowhere else in the country until Friday and Saturday....

I smell a conspiracy....

lb13
Hey, lb- my MIL (Tank Dent Palin) lives in Caseyville. Is that anywhere near you?

Not even 10 miles from me....

lb13

secondchance · #23 Post by **secondchance** » Mon Sep 15, 2008 7:33 pm

Ha! Small world...

Really nice folks in that neck of the woods.

#24 Post by **littlebeast13** » Mon Sep 15, 2008 7:35 pm

Second Chance wrote:Ha! Small world...

Really nice folks in that neck of the woods.

Yeah, but they put up with me anyway.....

lb13

secondchance · #25 Post by **secondchance** » Mon Sep 15, 2008 7:36 pm

WWTBAM Bored

Told ya so!!! Oil hit $94.18 a barrel today.

Told ya so!!! Oil hit $94.18 a barrel today.

Re: Told ya so!!! Oil hit $94.18 a barrel today.

Re: Told ya so!!! Oil hit $94.18 a barrel today.

Re: Told ya so!!! Oil hit $94.18 a barrel today.