Wednesday, April 28, 2010

How low do you think crude oil price per barrel will drop to?

Production will soon be cut and prices will go back up. Fill your cans now. Peace.How low do you think crude oil price per barrel will drop to?
I don't know how these people can say prices at the pump don't go down when oil prices go down. Gas at the pump has dropped from $4.00 to $1.75/ gal. as oil prices went from $140 to $50. Oil is at an equilibrium level now and will stay between $45 and $50 unless demand (mostly foreign) falls.How low do you think crude oil price per barrel will drop to?
Well, if the drop of the late 1970's early 1980's is a guide $35-$40/bbl.





And to the people who claim it wont drop at the pump where have you been?!!!!!?? A 60% drop at the pump and you have not noticed? You must not drive or have short term memory loss.
I agree with 'bails', it doesn't matter how low it goes, prices won't considerably decrease at the pump. They all stick together, if they don't have to drop the price, THEY WONT! (not by a lot anyway) = (
Between $35-40 at least. Demand is dropping in the largest markets. Investors are flocking to the dollar and that will lower commodity prices. And we have large supplies of oil.
Does it matter. The price drops but not at the pumps. They're quick enough to put the price up

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