View Full Version : Oil briefly hit $60/barrel


SUPER RP06
06-23-2005, 09:55 PM
Oil trading hits $60/barrel briefly.

Oil touches $60 a barrel/Oil reaches record $60 a barrel
http://money.cnn.com/2005/06/23/markets/oil.reut/index.htm

Light sweet crude for August settled up $1.33 at $59.42 on the New York Mercantile Exchange, after briefly touching $60 a barrel, a new front-month contract record.

Oil jumps, stocks slump
http://money.cnn.com/2005/06/23/markets/markets_newyork/index.htm

How do you feel about oil at $60/barrel? What do you feel if oil reaches $100/barrel.

Sphere
06-23-2005, 10:23 PM
Silly that around 10 years ago a barrel was around 10$

SUPER RP06
06-23-2005, 10:50 PM
Silly that around 10 years ago a barrel was around 10$

$10/barrel in 1995? (+ or minus 1 year)

sisqoluv
06-23-2005, 10:54 PM
Gas is already almost $3/gal in Cali :mad: Should I even bother getting a car now? I might as well take the bus. If it didn't get 120+ degrees outside, I would just walk everywhere, lol.

Lissa
06-23-2005, 11:07 PM
Gas got to around $2.30 on average here, but it slowly came back down to about $2.03. I'm taking a road trip up to NY in a week, it's going to be expensive :x

I think that once we actually "run out" gas may get to $100/barrel, but I don't think that will be anytime in the next few years.

Sphere
06-23-2005, 11:21 PM
http://www.beursduivel.be/images/artikelen/iris23-8-2004a.gif

In the beginning of '99 (North Sea Oil)

So its not 10 years ago but 6

tokyo bleu
06-24-2005, 01:00 AM
I don't really care; we'll just pay whatever prices.

lefty
06-24-2005, 01:43 AM
Gas got to around $2.30 on average here, but it slowly came back down to about $2.03. I'm taking a road trip up to NY in a week, it's going to be expensive :x
Especially if you're coming to NY... our cheap gas is around $2.35.

salomeyasobko
06-24-2005, 01:55 AM
whooo knowsss

gas has been going up like 10 cents a day :| i was driving home from the store with my mom the other night and gas was $2.39 and then the next morning, on my way to school, the same gas station said $2.49!! it magically increased over night :P

AiJahya
06-24-2005, 02:01 AM
Gas was $2.06 a gallon here, and now it's up to $2.13 and rising... Heh... I can't wait until the day when I can't afford a job because I can't afford to get there.

Dude128
06-24-2005, 03:01 AM
Especially if you're coming to NY... our cheap gas is around $2.35.
speak for your side of the river :P

the cheapest for a while was $2.29... now I think the last station that had that price went up to $2.31, but I've seen it as high as $2.41 (which is actually WAY up there. most of the more expensive places tend to be $2.33 to $2.37)

but I assume you're going to NYC? I would think you'll pay quite a bit more there.

---

I'm so glad my car (::grumble::- which I may not have much longer, thank you rusted frame and lack of functional power steering :P) gets decent gas mileage for its age (somewhere around or just under 25 mpg in everyday driving with a fair amount of stop and go traffic- on a 1988 Honda Accord). I lasted about 3 weeks on a tank of gas ($21) going back and forth to work 5 days a week (it's only about 6.5 miles one way, but still). it would be nice if gas wasn't so expensive, but I don't really have a choice. in order to make money I need to be able to drive to work and back.

Monkey Bizzle
06-24-2005, 05:39 AM
Gas right now in Newport News, Va is 1.99 at the cheap station... It rarely goes over that.

SUPER RP06
06-24-2005, 05:34 PM
I'm suprised that gas would reach $1.00/litre in my place.

Ever heard about hydrogen cars?

Or hybrid (gas/electric) cars?

I looked under Yahoo! search about biodiseal fuel

http://search.yahoo.com/search?p=biodiesel+fuel&rs=0&sm=Yahoo%21+Search&toggle=1&ei=UTF-8&SpellState=n-1166990461_q-S%2F0my8kaCnm0SCrCLkc.HwABAA%40%40&fr=FP-tab-web-t

I found something that gives us the latest engergy prices

http://www.bloomberg.com/energy/

(look for the very top, [Nymex Crude])

Peter
06-24-2005, 06:28 PM
gas is up to $ 1.76 a litre! now I am lucky I have a small 3 cylinder daihatsu that goes 85mpg. I do have more roadtax than in america,and my insurance is skyrocketing due to suv drivers overhere not being able to keep their eyes on the road.

lefty
06-24-2005, 06:30 PM
I wanted a hybrid car, but apparently they're not as good on gas as originally intended - I'll wait a while for them to improve first.

Owlie42
06-24-2005, 06:54 PM
I'd like a hybrid, but getting one, given the price, is a long way off.