good news for us in the offseason. how convenient.

Discussion in 'Lawn Mowing' started by lawnwizards, Oct 24, 2008.

  1. lawnwizards

    lawnwizards LawnSite Silver Member
    Posts: 2,434

    http://biz.yahoo.com/ap/081024/oil_prices.html

    i love this part of the story because you know that gas raises in 50 cent increments all on speculation but drops by pennies.

    "Gas prices are off from their July peak by about a third compared with the price of crude, which has been more than halved.

    There is a lag between the two prices as oil being traded now will not be delivered until next month. That oil must be refined, or turned into gasoline, and then shipped to filling stations."
     
  2. Wittapp

    Wittapp LawnSite Member
    Posts: 195

    Found a link you all might be interested in. I have a brother in the energy business. He says that at $65/barrell, gas should be at around $1.70 a gallon
     
  3. lawnwizards

    lawnwizards LawnSite Silver Member
    Posts: 2,434

    gas is 2.87 here. wonder whos making record profits? :dizzy:
     
  4. Wittapp

    Wittapp LawnSite Member
    Posts: 195

    It may catch up, but will take a while. and probably won't drop below $1.90. That is just an edumatated guessass.
     
  5. mattfromNY

    mattfromNY LawnSite Bronze Member
    Posts: 1,581

    Still $3.35 this morning here. $1.90? I'd give my right...
     
  6. TNT LawnCare Inc.

    TNT LawnCare Inc. LawnSite Bronze Member
    Posts: 1,157


    Your right what...? NO you would'nt .:laugh:
     
  7. mattfromNY

    mattfromNY LawnSite Bronze Member
    Posts: 1,581

    Why not? I feel the burn every time I fill the truck!!
     
  8. Wittapp

    Wittapp LawnSite Member
    Posts: 195

    I Paid $2.29 today
     
  9. Richard Martin

    Richard Martin LawnSite Fanatic
    Posts: 14,700

    The same people that were taking a bath when oil was $150 a barrel. That worked out to $3.57 for each gallon of crude. Refine it, add taxes, profits for every hand in the pot, the pipeline companies, local distributors and the gas station profits. That's a recipe for a gasoline cost of way over $4 a gallon. We were paying how much for gas? They were/are making money on deisel but they were loosing money on gas.
     

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