Gas at HEB in Wharton $1.39.9. I know you oilfield guys are hurting but this is nice to get some relief.
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My Goodness!!!!!!
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It's almost at the bottom. Here's why;
1. When the last person says oil will fall further then that's the bottom. That means no more sellers are left.
2. Take into account inflation and gas is nearly as cheap as it's ever been. Sure oil had that dip to $9/bbl a long long time ago and $20 15 years ago. Has inflation doubled in 15 years? pretty close IMO.
3. A few stocks like CVX ran up off $70 and are now over $90. Considering oil is near new lows...someone knows something. Funds buying or something. Otherwise please explain how/why oil stocks are up so much with oil down to new lows.
4.. A bunch of complicated reasons filled with speculation LOL
Bottom line is oil should capitulate "soon" with one last big scare tactic from the media. We will never run out of oil, oil will stay below $40 for 10 years, crap like that... THAT will be the bottom.
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Originally posted by Traildust View PostMaybe lease prices will go down too....Oh wait.....oil has nothing to do with greedy azzed property owners!
I remember when vendors were upping prices due to rising fuel prices. Freakin' Jack-offs
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Originally posted by In-Yo-Grill View PostScrew that...how come food/commerce prices haven't come down to reflect the change in gas?
I remember when vendors were upping prices due to rising fuel prices. Freakin' Jack-offs
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Originally posted by In-Yo-Grill View PostScrew that...how come food/commerce prices haven't come down to reflect the change in gas?
I remember when vendors were upping prices due to rising fuel prices. Freakin' Jack-offs
But so true, that's all we heard was everything was rising due to oil being high. Cost more to transport goods and make them...
I'm ready to buy brisket at 85 cents per pound again...and maybe a good prime ribeye for $7/lb instead of $25/lb
Don't forget home prices skyrocketed also because other commodities like steel went super high. Home prices dropping for new homes? LOL
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