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Pages: the price of crude oil is almost exactly... [1]
Author Topic: The price of crude oil is almost exactly...
khoi

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2011-02-08 0-13-42-

the price of crude oil is almost exactly... ...where it was 6 months ago. The difference is, then we were appalled at it skyrocketing... ...and now, we're practiy ignoring it as it plummets, as we turn our attention to other, less upbeat, economic news. American's just looooooove a bad story...
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hornaday

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2011-02-10 2-40-41-

Disgusting, isn't it?
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line

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Posts: 3

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2011-02-11 5-59-36-

ehh...it's just people being people... ...come to think of it, maybe that *is* rather disgusting...
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evitts

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2011-02-12 20-22-06

like they say - good news takes weeks to arrive bad news is instant
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  • nardiello

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    2011-02-13 2-03-39-

    the price of condoms will fall slightly. it isn't love for a bad story, it's just that the petroleum story is already factored into people's expectations and hopes. also, until this is converted into bigger savings at the pump, it doesn't REACH consumers' every day thoughts and feelings.
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  • marla

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    2011-02-16 14-43-29

    I don't know what pump prices are doing... ...wherever you live, but here, they've fallen about 15% from their high. And, I believe that it *is* about people's tendency to fixate on the negative.
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    moskowitz

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    2011-03-03 23-32-40

    yes, but went up this past week, due to Ike and 15% drop isn't very much at all, in the expectations/hopes of people who had seen it below $3 in "recent" times.
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    doreen

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    2011-03-25 10-36-01

    hmm...didn't go up here... ...at least not as of yesterday. And more drops are almost inevitable.
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    fogelson

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    2011-05-30 17-45-49

    most places went up The EIA said the national average price for regular, self-service gasoline surged to $x.x in the week ended Monday, Sept. x, from $x.x the previous week. -Reuters, per most people distrust industry to reflect a fair price, so are outraged at increases and hesitant to believe that prices will come down much. I don't see a believable connection between the inputs and the price of gas myself (though I'm by no means an analyst).
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    jurkiewicz

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    2011-07-20 7-31-23-

    well, considering how poorly people did... ...at cutting back on their consumption during record prices...they should be grateful that prices are dropping at all. It's still a market-driven economy, and people who expect someone to drop prices on a product that they've demonstrated they'll pay anything for...are a bit foolish.
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  • rushton

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    2011-08-29 13-13-14

    what happens to oil if the fed cuts again tomorrow?
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    pearl

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    2011-10-04 12-27-51

    The Fed...? ...not clear to me how directly that would affect oil prices.
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  • kreisher

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    2011-11-12 22-36-03

    lower rates = lower dollar = higher oil lower rates are also meant to spur growth which usually increases demand for oil, which in turn increases prices
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    gittens

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    2012-01-03 1-20-46-

    you are off. oil is priced in dollars in the global market. and the fed funds futures are currently implying a x% probability of a xbps cut tomorrow.
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    barman

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    2012-03-07 19-23-19

    if you know the answer, why did you ask the question?
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  • Katine

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    2012-03-10 18-39-42

    interesting... ...well, the price of crude either isn't reflecting that, or has already done so and is still dropping. Down $x.x.
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    eversole

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    2012-05-14 1-59-55-

    the dollar has rallied against all major currencies
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