Thread: Oil Slick Stuff

E10 averaging $2.69 a gallon in GA. Slowly drifting down, a strong dollar will help our economy in some ways and hinder it in others, but Yes I Like it!

Oil will tumble to $70 says new 'bond king'

By Matt Egan @mattmegan5 October 23, 2014: 12:31 AM ET

NEWPORT BEACH, CALIFORNIA (CNNMoney)
The meltdown in the oil market is not over yet.

That's the message from Jeffrey Gundlach, the star bond investor who predicts oil will plunge another $10 (it's $80 a barrel now).


While another decline in oil prices would bring smiles to American consumers -- think around $2.70 a gallon at the pump as a national average -- it could spell trouble for the boom in shale projects boosting the U.S. economy. [more]

Oil will tumble to $70 says new 'bond king' - Oct. 23, 2014

umm doesn't it COST $70 a barrel after drilling / shipping / refining? I don't see oil going under $75 anytime soon, maybe not ever. There is without a doubt more upside to oil than downside right now.

Originally Posted by nnuut

E10 averaging $2.69 a gallon in GA. Slowly drifting down, a strong dollar will help our economy in some ways and hinder it in others, but Yes I Like it!

Got us beat for a change..E10 at $2.79


$80 to $90 a bbl is acceptable for everyone to win.

Originally Posted by bmneveu

umm doesn't it COST $70 a barrel after drilling / shipping / refining? I don't see oil going under $75 anytime soon, maybe not ever. There is without a doubt more upside to oil than downside right now.

Saudis are cutting production to raise the price, you may be right?
See my signature.down.gif

Around my area gas has fallen to $2.91. One or two stations still over $3.00. The lowest shown by Gas Buddy is $2.89.

Hmmm, my gas prices are not going down... dang it

























Still $1/gal around here for premium...

Originally Posted by RealMoneyIssues

Hmmm, my gas prices are not going down... dang it



























Still $1/gal around here for premium...

ha ha, funny guy ! You just wait until you get back to the States....or for another visit to Hawaii. You'll wish you had those prices.

Lucky dog.

Originally Posted by Minnow

How much does it cost to fill up a surfboard?

I really hope you get to see $2.60ish pricing in Hawaii -- fingers crossed!

Dooooood ! The fuel is in the motion of the ocean...it's free!!! Saaaaweet !!

Gas just went up over $4.00 again...the $2 range will never happen. Our state really needs to aggressively become energy independent and rely less and less on fossil fuel. Electricity is the highest in the nation @47cents per kw...which raises prices on everything. My electric bill is on average $108 a month and I don't have AC !

With Hawaii's endless renewable energy potential, we plan to generate 40% of power from clean resources by 2030. Hawaii will become the nation's leader in renewable energy. Aloha 'Aina !

Hawaii Clean Energy Initiative - Hawaii Clean Energy Initiative - Home

E10 jumped UP another dime overnight to $2.89..It's higher now from when gas was @$90 a bbl...WTF!?!

Averaging $2.65 a gallon in GPGA!