crude oil down

Discussion in 'Markets & Economies' started by clear, Nov 27, 2014.

  1. col0016

    col0016 Active Member

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    It still hasn't gone above $1.229 at the independents in Ballarat :) At it's lowest it only got down to $1.12, while it was $1.01 in Melbourne, but since it rose again Melbourne has be about 20c more for the last few months :)
     
  2. billybob888

    billybob888 Well-Known Member Silver Stacker

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    It like $1.40 now on the south coast of nsw
     
  3. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    harden up princess
     
  4. SilverDJ

    SilverDJ Well-Known Member

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  5. clear

    clear Well-Known Member

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    $ 41.39 now
     
  6. SilverDJ

    SilverDJ Well-Known Member

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    OOO just dropped another 4% in this mornings trade.
     
  7. clear

    clear Well-Known Member

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    $ 40.54 now,

    does anyone know Crude oils next resistance level.
     
  8. billybob888

    billybob888 Well-Known Member Silver Stacker

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    hmmm anyone buying or waiting for lower prices
     
  9. thatguy

    thatguy Active Member

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  10. sterling-nz

    sterling-nz Well-Known Member

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    Well here is the guts of it from where i stand.
    I have these numbers in NZD so i do not have to jump from USD to NZD.
    The highest price for gas at the pump we have paid here in NZ $2.26 a litre in 2013 at the time a barrel of oil was $143.
    Now here we are in 2015 and the price at the pump has just dropped to $1.99 a litre and a barrel of oil is $61.91.
    So even though they can do whatever they please (and they do ) we the consumer are getting royally screwed.
    All things being equal we should be paying at LEAST 25% less than this and they would still be making huge profits.
    The pricks have us over a barrel LOL and they can do whatever the heck they want.
    The thing that really peeves me off is they try to justify the prices with a load of jargon that Joe Average probably believes.
    They can do as they wish, but i get so so angry that they feel the need to LIE about the pricing like we are all idiots.
    Just tell the FN truth, it is your business and you can price whatever you want , but stop treating me like a MORON by telling these porkies.
     
  11. TheEnd

    TheEnd Well-Known Member

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    Ye those numbers are just WRONG........As you say petrol should be at least 25% lower.

    How do you guys in NZ survive with such high petrol prices???
     
  12. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Sheep drawn carriages
     
  13. clear

    clear Well-Known Member

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    $ 40.03
     
  14. sterling-nz

    sterling-nz Well-Known Member

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    $39.83
    If it goes much lower i will owe JPSHmorgan an apology.
    He called $30 and i said. NAH! and by $30 i am happy to concede at $35 it doe not have to be $30flat, cause even at $35 id have never thought it was going to happen.
     
  15. sterling-nz

    sterling-nz Well-Known Member

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    My numbers are wrong or the price we are paying at the pump?
    I was pretty sure i had all the number correct.
    And keep in mind this is per litre NOT gallon.
     
  16. SilverDJ

    SilverDJ Well-Known Member

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    I didn't think $40 was possible. Doh.
     
  17. clear

    clear Well-Known Member

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    $ 39.33


    where is the bounce
     
  18. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Wait for qe4 then oil will return to $100
     
  19. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    $38.79

    A barrel of sea monkeys is looking more tempting
     
  20. alor

    alor Well-Known Member Silver Stacker

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