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Enjoy It While It Lasts

January 4th 2007 22:56
The last couple of days have seen a dramatic drop in the price of crude oil. It's likely to be about done given some cuts in OPEW Production and a "dwindling supply," say analysts.



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Comment by pegasus

January 6th 2007 04:24
thanks for link, Thomas.

blink and the low prices will be gone, i suspect.

Comment by ThomasM

January 6th 2007 18:27
yeppers peg...but I'm not sure 2.60 is all that low...That's how they do it. Get ya used to high prices and then bump em higher! Then we all go wouldn't it be cool if gas was down to 3.00 per gallon again...ha ha ha...that would be nice!

I hate big oil!

Blog T

Comment by pegasus

January 6th 2007 18:56
exactly! ouch those post-huricane prices were brutal but what could you do? You grinned and beared it. Then, eventually, you got used to it. Our gas prices (Alberta) were over a $1.00 CAN per litre at their highest. Pre-hurricane, they were in the 70 to 75 cents per liter range.

When prices finally fell below a dollar again, we're were so excited to have 'cheap' gas. No it wasn't really cheap at, was it? Just felt like it at the time.

Now, they're in the mid 80 cent/L range. Still much higher than pre-storm but at least not the $1.08 a liter it had been.

One story I remember from those days was of an Irish tourist who called into the local radio station when he heard us complaining about paying over one dollar per litre. He said to consider yourself lucky as in Ireland he was paying the equivalent of $2.60/L.

Cheers,

Peg

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