Gasoline Prices

[kc]

2.23 - 2.25 on the low end in South Louisville. I hope this bursts the "investment" bubble and causes a correction in the market. There has been so much investment money put on oil and gas futures that it has warped the market upward. If people start pulling their money out of futures maybe the market will get back to reality for a while and this downward spiral may start that domino effect. The supply of both oil and gas has been fine but the market goes up with every little non-event in the news which has everything to do with the futures money. It sure feels good on the wallet for a change but I still believe 1.75 or so is where we should be.

kc

[spinnerbaitguy]

The story I hear on the radio station I listen to is that prices will fall to around 2.00 then in about the year end time frame, it will rise again to about 2.50 , then take root .

[td176]

$2.29 in Danville

[Bassky]

It is $2.14 gallon in Cincy.
Bassky

[artcarney_agr]

Anyone heard the story of the U.S. finding one of the largest oil reserves in a long time in the Gulf of Mexico? My buddy was telling me about it. Apparently it's huge...but won't be tapped until 2010. I sure hope it's true!

[MLTSPCS]

Yeah, I heard about that and heard that it could double our reserves. Probably won't do anything to prices though because it still has to be refined and that is where we need the improvements/more facilities. Hopefully I'm wrong and the prices continue to fall after election time. Was $2.28 around the corner from me in Prairie Village (Louisville) this morning.

[bhsanders]

i heard an analysis that predicted crude oil to fall to around 40$ a barrel by around thksgvng leaving gas at around or just below 2$ a gal
and stabalize for a little while before going up again. its gonna be like getting a pay raise.