Mainecat Posted March 14, 2022 Share Posted March 14, 2022 Oil tumbles below $100 a barrel Source: CNN US oil prices tumbled below $100 a barrel on Monday, unwinding a significant chunk of the recent spike caused by Russia's invasion of Ukraine. Oil plunged more than 8%, touching a low of $99.76 a barrel. That means oil has lost almost roughly quarter of its value since touching a near 14-year high of $130.50 a barrel on March 6. It's the first time oil has traded below $100 since March 1. Brent crude, the world benchmark, dropped more than 7% to $104.35 a barrel in recent trading. That marks a sharp pullback from the recent peak of nearly $140 a barrel. Read more: https://www.msn.com/en-us/money/markets/oil-briefly-tumbles-below-dollar100-a-barrel-thats-good-news-for-gas-prices/ar-AAV2Jxd Quote Link to comment Share on other sites More sharing options...
Anler Posted March 14, 2022 Share Posted March 14, 2022 Thanks Putin! Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted March 14, 2022 Share Posted March 14, 2022 Gas prices haven’t changed a bit yet either. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 14, 2022 Platinum Contributing Member Share Posted March 14, 2022 8 minutes ago, SayatodaU.P.eh? said: Gas prices haven’t changed a bit yet either. Well they will still sell it for what they paid + mark up Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted March 14, 2022 Gold Member Share Posted March 14, 2022 Huh crude dropping but I just filled up 3hrs ago still sky fuckin high absolutely no price gouging going on 👌 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted March 14, 2022 Gold Member Share Posted March 14, 2022 52 minutes ago, steve from amherst said: Well they will still sell it for what they paid + mark up The gas you bought over the past week comes from oil bought months ago when it was cheap 1 Quote Link to comment Share on other sites More sharing options...
Jerry 976 Posted March 14, 2022 Share Posted March 14, 2022 1 2 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 14, 2022 Platinum Contributing Member Share Posted March 14, 2022 1 hour ago, BOHICA said: The gas you bought over the past week comes from oil bought months ago when it was cheap Correct , and they will charge you what it cost to replace it. I Currently have 40 cases of sprinkler heads. If my supply house emails me with a price increase I will increase to cost that I sell these for the day I get the email, not after they are all sold. 1 Quote Link to comment Share on other sites More sharing options...
Snake Posted March 14, 2022 Share Posted March 14, 2022 Only reason it went down is China went into lockdown ( ) over covid.... Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted March 14, 2022 Gold Member Share Posted March 14, 2022 36 minutes ago, steve from amherst said: Correct , and they will charge you what it cost to replace it. I Currently have 40 cases of sprinkler heads. If my supply house emails me with a price increase I will increase to cost that I sell these for the day I get the email, not after they are all sold. Yep. That is why they have record profits. Buy cheap and able sell super inflated. if you don’t buy sprinkler heads after the price increase and have a large enough supply to get you by and after a month or 2 you supplier sends an email that prices dropped back down you have record profits on those heads. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted March 14, 2022 Share Posted March 14, 2022 3 hours ago, SayatodaU.P.eh? said: Gas prices haven’t changed a bit yet either. Filled 3 trucks this am only 341 bucks and it won't last the week Quote Link to comment Share on other sites More sharing options...
SayatodaU.P.eh? Posted March 15, 2022 Share Posted March 15, 2022 6 hours ago, steve from amherst said: Well they will still sell it for what they paid + mark up Funny how they don’t have a problem cranking these prices up quick as shit but they take their merry ass time bringing them back down and people make excuses for it. 1 1 Quote Link to comment Share on other sites More sharing options...
toslow Posted March 15, 2022 Share Posted March 15, 2022 Can we thank trump for the gas prices going down Quote Link to comment Share on other sites More sharing options...
racer254 Posted March 15, 2022 Share Posted March 15, 2022 (edited) 9 hours ago, toslow said: Can we thank trump for the gas prices going down LOL. They know what the threshold is. Somewhere between 3.50 and 4 bucks is what people will pay. They found that out about 10 years ago. And everyone will stop yelling about it. They will somehow convince us again that the price is low at the price they charge. Edited March 15, 2022 by racer254 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted March 15, 2022 Gold Member Share Posted March 15, 2022 Oil down huge again today. National average for gas down like a penny. 😂 Quote Link to comment Share on other sites More sharing options...
Anler Posted March 15, 2022 Share Posted March 15, 2022 17 hours ago, Snake said: Only reason it went down is China went into lockdown ( ) over covid.... Damn biolabs! Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 15, 2022 Author Share Posted March 15, 2022 18 hours ago, Snake said: Only reason it went down is China went into lockdown ( ) over covid.... Covid is fake…why would they lockdown? Quote Link to comment Share on other sites More sharing options...
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