How low will it go?
11-30-2008, 02:40 PM
#31
1.0 BAR
Join Date: May 2005
Posts: 340
Re: How low will it go?
Originally Posted by signorelli21
prices should stay where they are for the rest of the year, after that the OPEC countries will start manipulating tha market to try and drive the price back up, problem is noone is using near as much oil as we were previously and oil futures have a low confidence level. Investors know that oil consumption will continue to decline (were in a recession) and are not looking for any significant gains there currently, but meh its like betting on the superbowl, anything can happen between now and then.
I hope it stays down for good. Everything else is going up up and up. It would be nice to have something that actually went down for once.
11-30-2008, 04:46 PM
#33
1.5 BAR
Join Date: Nov 2005
Posts: 828
Re: How low will it go?
Originally Posted by GhostOfDr.Boost
With gas prices down, people will probably drive more or drive their gas guzzlers more along with gas guzzler toys which will bring oil consumption back up a bit.
I hope it stays down for good. Everything else is going up up and up. It would be nice to have something that actually went down for once.
I hope it stays down for good. Everything else is going up up and up. It would be nice to have something that actually went down for once.
11-30-2008, 05:11 PM
#34
1.0 BAR
Join Date: May 2005
Posts: 340
Re: How low will it go?
Originally Posted by signorelli21
can't say i feel compelled to drive any more than usual, :P
11-30-2008, 06:54 PM
#35
0.0 BAR
Thread Starter
Join Date: Dec 2002
Posts: 0
Re: How low will it go?
Most trucks are on used car dealerships after people bailed on them this summer. I think most people got use to not driving for the last year not sure if people will actually start driving like they did years ago unless gas stays low for awhile. Food costs better come down soon atleast by spring.
11-30-2008, 06:59 PM
#36
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Join Date: Jan 2008
Posts: 0
Re: How low will it go?
i've always driven a lot just for fun. friday i drove 100 miles just cruising around town.
yesterday was about 80 miles.
i love to drive and the cost of gas never has stopped me, but it's much more fun now that a tank is under $20.
yesterday was about 80 miles.
i love to drive and the cost of gas never has stopped me, but it's much more fun now that a tank is under $20.
11-30-2008, 07:03 PM
#37
1.0 BAR
Join Date: May 2005
Posts: 340
Re: How low will it go?
Originally Posted by N/A mike
i've always driven a lot just for fun. friday i drove 100 miles just cruising around town.
yesterday was about 80 miles.
i love to drive and the cost of gas never has stopped me, but it's much more fun now that a tank is under $20.
yesterday was about 80 miles.
i love to drive and the cost of gas never has stopped me, but it's much more fun now that a tank is under $20.
Lucky you drive an economy car. :P Costs about $8 to fill up my bike.
11-30-2008, 07:13 PM
#39
0.0 BAR
Join Date: Jan 2008
Posts: 0
Re: How low will it go?
Originally Posted by GhostOfDr.Boost
Lucky you drive an economy car. :P Costs about $8 to fill up my bike.
i like to drive, it's a hobby of mine.
some people like to go to the moives or whatever. i like to drive.
11-30-2008, 07:19 PM
#40
1.0 BAR
Join Date: May 2005
Posts: 340
Re: How low will it go?
Originally Posted by N/A mike
i did the same when i drove a tahoe and when i drove my old 70 chevy pickup.
i like to drive, it's a hobby of mine.
some people like to go to the moives or whatever. i like to drive.
i like to drive, it's a hobby of mine.
some people like to go to the moives or whatever. i like to drive.
So if you're driving an average of about 90 miles a day, 7 days a week, and let's say you're getting 20mpg at $4 a gallon, you're spending $126 a week on gas.....just for fun.
I can't say I'd want to spend an extra $500/month driving around just for fun. What kind of car do you drive that's so fun to cruise around in? 
I gotta get one. 
