Yeah, we don't hear much about those "evil speculators" now, do we? Well, we should enjoy these prices while they last. Prices are going back up to $4.00 in short measure.
This is per gallon, right? In the UK the lowest I've seen is 96.9p per litre, which is $1.57 per litre, which is $5.93 per US gallon. You don't know how good you have it, even at $4 per litre.
Bullshit. The only difference between the US and Europe regarding petrol costs is government taxation.
If we are paying less than half of what some European countries are, now are we not in a better position than they are? -Petey
We pay the same amount. The government taxes it more. It's the fault of the governments in those countries, not that the American consumer is lucky.
Hmmm. Kind of makes you wonder about those price-fixing allegations last summer against "Big Oil". I guess OPEC must not be as good at it now as they were in June.
I know oil about as much as Jed Clampett, so I'm not sure how OPEC affects oil companies or their exact relationship. But I think the big oil corps are still looking good. God Bless Texas Exxon Mobil sets new profit record: $14.83 billion in third quarter By ASSOCIATED PRESS Originally published 8:34 a.m., Thursday, October 30, 2008 Updated 8:34 a.m., Thursday, October 30, 2008 HOUSTON — Exxon Mobil Corp., the world's largest publicly traded oil company, says it shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.
Wasn't their a deal by then Chrysler about being locked into 2.99/gallon for as long as you own the car . . . or something like that. Sounded attractive at the time . . . now, not so much.
