Crude oil price plunged today.

Whoopbass · Post by **Whoopbass** » Thu May 05, 2011 12:32 pm

Crude oil dropped almost 10% today so far. It's finally under $100 a barrel down from around $113 a barrel earlier in the week. Hopefully we will see some relief at the pumps within a few weeks unless they decide to run it back up tomorrow.
Who knew Bin Laden had such an affect on gas prices?

calworks · Post by **calworks** » Fri May 06, 2011 11:27 am

Still with a 750% profit for the oil companies, doubt they will lower it much, might loose them a couple of percent

elfish16 · Post by **elfish16** » Fri May 06, 2011 2:58 pm

haha...down here in Ventura, CA the gas prices went UP 5 cents after the oil dropped...go figure.

Hollywood · Post by **Hollywood** » Fri May 06, 2011 4:36 pm

$4.89/gal for diesel this afternoon down here in LA.

fishwithron2 · Post by **fishwithron2** » Fri May 06, 2011 5:24 pm

Isn't it ironic that when oil goes up, the price goes up within the next day or so and now oil drops $10 a barrel and no drop in prices. No wonder those companies are raking in $$$$$$$$$$$$$$$$$ profits.
Guess it pays to have all those elected official in Washington to watch out for us.

Fred Fullerton · Post by **Fred Fullerton** » Fri May 06, 2011 8:09 pm

when are we going to fire all the thives in washinton and start over, the jerks just keep getting richer while we go broke

201Pro · Post by **201Pro** » Fri May 06, 2011 8:31 pm

Ever notice that when the price of crude goes up, the gas prices go up maybe the same day. But when crude drops, it takes weeks for prices to go down!

offduty · Post by **offduty** » Fri May 06, 2011 8:45 pm

fishwithron2 wrote:Isn't it ironic that when oil goes up, the price goes up within the next day or so and now oil drops $10 a barrel and no drop in prices. No wonder those companies are raking in $$$$$$$$$$$$$$$$$ profits.
Guess it pays to have all those elected official in Washington to watch out for us.

I think the elected officials are looking out for the oil companies who probably helped finance their elections. Politicians are more like actors, they act. They also seem to have an I got mine mentality. If we get the option, Vote Ron Paul as he is the only one that wants to solve problems by going to the source, the Federal Reserve. He also respects the 2nd amendment as he knows why it was put in place, to protect you from your government. This guy is our only hope so look in to him and learn why he says what he says. He knows what is really going on and almost all the others wont admit that what he says is true even though they know it. Congress is supposed to have the only power to print money and the fed is a private bank and the root of all the problems, why do you think the Banker bail out happened, the fed made out like a bandit on that one and you and I pay for it. Google who owns the Fed and I think you will see red.

ken a · Post by **ken a** » Mon May 09, 2011 7:27 pm

Up like a rocket and down like a feather. Guess who is making the big bucks. I just read the Balance sheet for Exxon for 2010, Federal U.S taxes $9 billion, Total taxes for all countries $89 billion without a dime invested. Now you know why the Gov is not excited over our gas prices.