Is it true we have wised up and slowed down on our use of the all powerful auto? yesterday stock news.

Crude Drops On Weak US Gasoline Demand
Crude oil futures settled at the lowest price in nearly a month, as U.S. gasoline
inventory data backed up views that demand is weakening.
Light, sweet crude for July delivery settled $2.01, or 1.6%, lower at $122.30
a barrel on the New York Mercantile Exchange. Oil prices have fallen 8%
from the all-time settlement high of $133.17, set May 21, and have not settled
this low since May 6. July Brent crude on the ICE futures exchange settled
$2.48 lower at $122.10 a barrel.
Product futures led the move lower Wednesday. Reformulated gasoline
blendstock, or RBOB, futures fell sharply following a report by the U.S.
Energy Information Administration of a 2.9 million barrel increase in gasoline
inventories for the week ending May 30. Analysts had expected a 300,000
barrel build in gasoline stocks. The EIA also found that gasoline demand in
the four weeks ending May 30 had dropped 1.4% from a year earlier.
Although demand is weak heading into the peak summer driving season,

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Yea can't keep the words of your great leader.

Prophet Muhammad - “Do you love your creator? Love your fellow-beings first.”

My guess is that we will not see a drop of price at the gas pumps. Why? Greedy psychopath stockbrokers will by up oil that will be cheaper to sell at the same high prices. We need to kick their butts out of the middle of this situation. There are too many working poor and elderly pensioners barely surviving before that are now in desperate straits.

And yet, prices went up here. The stations around the corner went up to $4.35 today. Other places rose to $4.29. Yep. Glad to see prices are not artificially created and there is no gouging happening.

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interesting, isnt it michael? gas prices were being raised (here, at least) two or three times in ONE DAY for a while. now that oil prices are down gas prices are doing what they should do. [sarcasm] increasing [/sarcasm]

Oil is already back up, so far $6.20 just today, and it's into new record territory, $133.98 right now. Maybe when it starts to drop, we should keep our mouth shut so that they don't see it and can't effect the prices more.

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Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

Yea OE and todays upward price rise is helping, I should have topped off yesterday while it was down to $3.79.

Oil rises jump almost $7, closing in on record By ADAM SCHRECK, AP Business Writer
17 minutes ago

Oil rises almost $7, closing in on record - Yahoo! News

NEW YORK - Oil prices shot up nearly $7 a barrel Friday, extending big gains from the previous day and racing toward an all-time high after a Morgan Stanley analyst predicted prices could hit $150 by the Fourth of July.

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A further weakening of the dollar helped keep prices high by enticing overseas buyers armed with stronger currencies and other investors looking for a hedge against the greenback.

Light, sweet crude for July delivery jumped as much as $6.96 to $134.75 on the New York Mercantile Exchange, before easing slightly to $134.40, up $6.61.

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Yea can't keep the words of your great leader.

Prophet Muhammad - “Do you love your creator? Love your fellow-beings first.”

I'm actually following the market right now. As of 30 min ago, Oil up $8.87 to $136.66

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Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

The market closed with oil up a final $10.75, stoping at $138.54, I guess they didn't like the idea of people celebrating over oil going down.

Actually, this is in response to India's actions.

__________________
Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides

Oh yay! Watch, gas will be $4.40 tomorrow.

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It is always going to go up. It will never go down. We're on the road to economic collapse. Get ready for Great Depression Mk. II. The world's globalized economy isn't going to continue to function if the trend continues.

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