Good news on gas!!!

Tazman · 08-30-2006, 07:08 AM

http://www.usatoday.com/money/industries/energy/2006-08-29-gas-price-usat_x.htm

SWEET!!!

Canuck_Buck · 08-30-2006, 07:17 AM

Awesome, gas prices have dropped up here as well...

petasux · 08-30-2006, 08:06 AM

So the plot to blow up the WTC, invade Iraq and steal thier oils finally paying off?I knew it was just a matter of time

USMC PMI · 08-30-2006, 08:43 AM

So does all this mean the oil companies will still make record profits? This was a scam from the start. Look what gas prices did last time we were in the Gulf, same thing.

Tazman · 08-30-2006, 10:13 AM

You bet it means they will continue to make record profits, when the demand is down and the oil is cheaper they lower the price to where we will drive more.

USMC PMI · 08-30-2006, 10:57 AM

I hate them but was smart enough to buy stock in them a few years back. I figure my earnings from their stock can help offset them putting the screws to me at the pump.

DougMD · 08-30-2006, 11:01 AM

$10 billion is not much when you consider how many billion shares are outstanding, since it translates into what, an 8% or 10% return? A look at raw dollars is a deliberate ploy by socialist liberals to hoodwink the public into thinking big oil is getting RICH. When oil was $10 a barrel, you didn't see the same people asking for the public to subsidize the oil companies that were losing money hand over fist!

USMC PMI · 08-30-2006, 11:09 AM

That really wasn't my point Doug. Not looking at dollars, why are they still making profits at all when they claim times are so tough for them right now? Usually when an industry is in trouble they are not earning profits right?

Chuck7 · 08-30-2006, 12:49 PM

Dropped 40 cents in FLorida
3.05 to 2.65
Good news since my hunting spot is 1020 miles away.

hillbillyhunter1 · 08-30-2006, 01:08 PM

How many think that gas prices will continue to decline or stabilize at a lower level until after the MID TERM ELECTION <raising hand>?????

I'm sure its just a coincidence[8D]