Weekly Wholesale Gasoline/Diesel Pricing #16

T_Bone

Well-known Member
The (+/-) is the change from the previous week

Gasoline= $1.06 (-$.29)

Diesel= $1.70 (-$.28 )

WT Crude= $50 (-$9)

Gold= $792 (+$58 )


Current WT crude low bottom $49 made on 11/20/08


World oil is now consistantly lower than USA oil, about $0/bbl (+$2/bbl)

OPEC cut 1.5m/bbl/day from production on 10/24/08


T_Bone
 
Well John, OPEC already has plans in place to start the price back too the upside. They feel pretty strong about $50 crude.

I have a feeling as the economy recovers the price of crude will move up accordingly so the high price of crude won't shock the system like it did last time.

T_Bone
 

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