crude up 39% in 8 weeks

[boatsntoys]

Last summer crude was at around 70.00 a barrel. Now it's almost 95.00 a barrel. This is in the slow season, no big disasters and relatively not many world changes, except that Pakistan is under marshall law. If this continues are we gonna see $5.00 gas for the boating season?

[RitcheyRch]

Looking more and more like will be atleast $4.00 a gallon before Christmas. :mad:

[Mandelon]

I saw a station with diesel at $3.79 on Saturday afternoon. :eek: :sqeyes: :mad:

[adjones419]

Absolutely ridiculous.

[ShutYaPieHole]

WTF!!!!! I made the mistake of buying diesel with my credit card. I didn't know it was $3.89.

[OCMerrill]

I saw a station with diesel at $3.79 on Saturday afternoon. :eek: :sqeyes: :mad:
Same here. At the current rate of climb two to three more weeks and $4.00 is here. :mad:
Not much I can do except buy it. Without it we don't work.

[sleekcrafter]

Buy your oil stocks, to pay for the rise in gas prices. That's what the politicians are doing, while laughing all the way to the bank:mad:

[TCHB]

As long as demand stays strong the price will continue to follow the upward trend.

[talkinghead]

Buy your oil stocks, to pay for the rise in gas prices. That's what the politicians are doing, while laughing all the way to the bank:mad:
I can't afford oil stocks, so I bought oil service stocks (drillers, supply companies, etc..) - much cheaper and performance has been on par with the more expensive oil companies.
As a reminder, after studying ~10 years of data and creating a model (and validating), I don't see sustained prices of $4/gallon until Spring 2009.
Ofcourse, I could be wrong.
On the other hand, do we really know what is driving this increase at the root level? Yes, we know about supply and demand. If it is demand, where is it coming from. If it is a supply issue, peak oil may be a possibility.

[Formula Dude]

I can't afford oil stocks, so I bought oil service stocks (drillers, supply companies, etc..) - much cheaper and performance has been on par with the more expensive oil companies.
As a reminder, after studying ~10 years of data and creating a model (and validating), I don't see sustained prices of $4/gallon until Spring 2009.
Ofcourse, I could be wrong.
On the other hand, do we really know what is driving this increase at the root level? Yes, we know about supply and demand. If it is demand, where is it coming from. If it is a supply issue, peak oil may be a possibility.
Saw diesel at $4.12 a gal on Bristol & the 73 (today).:jawdrop:

[centerhill condor]

China raised the price of oil, first time in 17 months...Fed is devaluing the currency. Coincidence?
CC

[rrrr]

The price of oil is set in dollars. As the dollar is at historic lows against other currencies, this has had a significant impact on the price per barrel.
As usual, no conspiracy or government meddling. Just a commodity reacting to market forces and economic realities.

[boatsntoys]

China raised the price of oil, first time in 17 months...Fed is devaluing the currency. Coincidence?
CC
If the price of oil is set in dollars. How does it help us to devalue the currency ane drive up the price? We will have to pay more dollars for it.

[ULTRA26 # 1]

If the price of oil is set in dollars. How does it help us to devalue the currency ane drive up the price? We will have to pay more dollars for it.
A devalued dollar = inflation, IMO. Gold is up, oil is up, stocks are up the dollar is down. Not a sign of a strong economy, again IMO.

[BEER&WATER]

is it my imagination or does money in the market move like this ?????
stocks>commodities>real estate>stocks>commodities>real estate.

[BoatPI]

Diesel is as high locally as $3.73

[sorry dog]

maybe short term pain ... but like to think long term gains.
Natural gas leases are up 50% in my area in the last year.
If milk is profitable at $3.50 a gallon then sooner or later biodiesel/ethanol/ etc. will come in cheaper than that.
The Saudi's know this. They are busy diversifying in the past and future.