Oil Slick Stuff

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I agree Beavis, the cheaper the better, but the price fixing BOYS at OPEC are determined to get all they can out of every drop of oil.:mad:
 
Gasoline falls for seventh week: Government
WASHINGTON - The U.S. retail price for gasoline fell to an average $2.38 a gallon, dropping for the seventh week in a row, and could decline another 23 cents by mid-October, the government said on Monday. The national price to fill up with regular unleaded gasoline was down 11.9 cents over the last week and 43 cents lower from a year ago, according to the Energy Information Administration's weekly survey of service stations. The average pump price has now fallen seven weeks in a row, dropping 66 cents since hitting a summer high of $3.04 a gallon on August 7, the Energy Department's forecasting arm said. It is the second largest unbroken drop in gasoline prices since pump costs fell 78 cents a gallon over a nine-week period beginning last October after Hurricane Rita hit, the EIA said.
http://news.yahoo.com/s/nm/20060925/bs_nm/energy_gasoline_price_dc_5
 
It is against our law. As long as we are energy dependent on those wonderful people at OPEC, we'll be held hostage.
 
$61.70 a barrel:mad:

09/26/2006 - Updated 12:12 PM ET
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Crude futures turn higher to trade near $62Traders eye OPEC's next move, await Wednesday's U.S. supply data
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures edged higher Tuesday afternoon, reversing from earlier lows under $61 a barrel as traders bet that the Organization of the Petroleum Exporting Countries will move to stem the recent declines in oil prices by cutting its members' production quota.
The market also found support ahead of U.S. data, due out Wednesday, that are expected to show a decline in crude inventories for last week, though market analysts predict that distillate supplies climbed.
Crude for November delivery was last trading up 25 cents at $61.70 a barrel on the New York Mercantile Exchange, reversing from an earlier low of $60.80 to trade as high as $61.95. The contract on Monday swung from a 10-month low of $59.65 a barrel back to an intraday high of $62.15, before closing up 1.5% at $61.45 a barrel.http://markets.usatoday.com/custom/...S&guid={C4AAC299-E0D2-4E0E-BE13-301573183F2B}
 
$61.60 a barrel

09/27/2006 - Updated 10:23 AM ET
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Crude gains ahead of weekly supply data
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</IMG>By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) -- Crude-oil futures rose Wednesday morning but held below their prior-session high above $62 a barrel, as traders awaited weekly data on U.S. supplies that are expected to show a fourth-weekly decline in crude supply and increases in petroleum products.
markets=COMMODITIES&guid=%7B780D1576%2D8B98%2D47D4%2D8E0B%2D4713E28E94BB%7D
 
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Oil retreats as gasoline supplies surge
Crude also declines less than expected; prices slide
September 27 2006: 10:40 AM EDT


NEW YORK (CNNMoney.com) -- Oil prices erased most of their gains Wednesday after the government said supplies of crude oil fell far less than expected while gasoline stocks surged.
U.S. light crude for October delivery was up 10 cents to $61.11 a barrel on the New York Mercantile Exchange, having turned lower briefly after the report's release. Oil traded up 60 cents just prior to the report's release.

In its weekly inventory report, the Energy Information Administration said crude stocks slipped by 100,000 barrels last week. Analysts were looking for a decline of 1.7 million barrels, according to Reuters.
http://money.cnn.com/2006/09/27/markets/oil_eia/index.htm?postversion=2006092710
 
OK, lets hear one for 7-Eleven!!!!!!!:D


AP
7-Eleven Dropping Venezuela-Backed Citgo
Wednesday September 27, 12:16 pm ET 7-Eleven Dropping Venezuela-Backed Citgo As Its Gasoline Supplier
DALLAS (AP) -- Convenience store operator 7-Eleven Inc. is dropping Venezuela-backed Citgo as its gasoline supplier at more than 2,100 locations and switching to its own brand of fuel. The retailer said Wednesday it will purchase fuel from several distributors, including Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston-based Frontier Oil Corp.

http://biz.yahoo.com/ap/060927/7_eleven_citgo.html?.v=5
 
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