Prepare for increase in gas prices

[Zee]

OPEC has decided to reduce output by 900,000 barrels A DAY (3.5%) beginning nOvember

Ny newsday

though the market is currently well supplied, OPEC is taking pre-emptive action now to try to keep prices stable before an expected dip in seasonal demand early next year, the group's spokesman Omar Ibrahim told a news conference.

Iranian oil minister Bijan Namdar Zanganeh called the cut a possible "first step" and did not rule out an additional reduction later in the year.

while it is not certain prices will rise, lower supply usually = higher prices according to 1010wins news radio

edit: this is a repost, but i did a search on "Gas" and didnt find anything :beer:

 

[Pepsi90919]

, lower supply usually = higher prices according to 1010wins news radio

actually it's according to the #1 rule of economics.

 

[conjur]

Wow....this is NEW news!!

I've NEVER seen this posted here before....ever.....never....not once!

R E P O S T

 

[notfred]

$2.42/gallon isn't enough, huh?

 

[Zee]

Originally posted by: conjur
Wow....this is NEW news!!

I've NEVER seen this posted here before....ever.....never....not once!

as long as THIS is not a repost it's allllllllll good. :beer:

 

[TechnoKid]

Gas is expensive enough...it used to be about $1.70 around this time last year in Cali.

 

[Buttzilla]

i just saw it for 1.89 at arco off oakland coliseum exit!

 

[fenrir]

Gas consumption is always lower at the end/beginning of the year so hopefully this will not have much of an effect. It just dropped to $1.64 today here in Central Wisconsin.

Matt

 

[thomsbrain]

i care not.

<---- 30 MPG

 

[conjur]

Originally posted by: Zeero
OPEC has decided to reduce output by 900,000 barrels A DAY (3.5%) beginning nOvember

Ny newsday

though the market is currently well supplied, OPEC is taking pre-emptive action now to try to keep prices stable before an expected dip in seasonal demand early next year, the group's spokesman Omar Ibrahim told a news conference.

Iranian oil minister Bijan Namdar Zanganeh called the cut a possible "first step" and did not rule out an additional reduction later in the year.

while it is not certain prices will rise, lower supply usually = higher prices according to 1010wins news radio

edit: this is a repost, but i did a search on "Gas" and didnt find anything :beer:

Try OPEC since it's an article about OPEC.




:beer::beer:

 

[JulesMaximus]

I'm glad I sold my gas guzzling truck and bought a car last April.