$105 oil

[Peakster]

OMG! How can anyone keep driving with numbers like that?!? And it's not even summer yet!

[TheDon]

just cost me 103$ to fill up the mercedes.. I remember when I could fill it for $40..and that was last year!

[ankit]

$134.00 at 4:35 according to CNBC's Squak Box.

At this rate, it is going to cost me really close to $80 to fill-up.

[igo]

It was a big day for oil. The server actually crashed on the one peak oil message board I go to Every time I checked it was higher priced. At some point it was up to $133.72

http://biz.yahoo.com/rb/080521/markets_oil.html?.v=14

I think I will have to make a new thread once oil hits $150

[ankit]

^Yea, $105 a barrel. If only... :-(((

[igo]

Yeah, that is the ironic thing about this thread. $105 was crazy expensive less than two months ago.

[ankit]

^I remember...
I remember when it crossed over the $100 mark but didn't close above $100 and they were like "record it hasn't ever crossed that mark yet."

BTW-I like your sig, miles displaced my bike. Everyone should make one of those for using a bike, public transport, car pooling, etc. It would be nice to know. :tu:

[LostCause]

Crude is rising extremely fast - $135.04

The price per barrel rose $6.06 in one day, the largest gain since March 26. National average gallon of gas cost $3.80.

My prediction of $160/bbl by labor day is seeming a bit too low.

- LostCause

[Arminius]

Can't wait to get my electric car.

[echomodder]

I just wanted to add, I think - LostCause has the right idea about what is going on with oil. (Not to scare everyone) But I think this is just the beginning. Remember the economy of the 90's the big thing to buy was internet stocks. Then that went bust. The economy then wondered around looking for the next big thing... Untill it found housing! Then they found all kinds of ways to keep that bubble going. Then that went bust. Now it seems that the new big thing to drive prices up on is oil. I fear this is only the beginning and that oil will be at 200/bbl by the end of the year. Although I don't think that this will last more that 18 months. The home heating oil is what will kill this (and us). This comming winter people will have a choice. Heat my home or pay the mortgage. I think they will pay the oil bill and worry about the mortgage later. Think the number of foreclosures is bad now, wait untill after people are paying 5000 - 6000 to heat there homes! Hunker down People were in for a really bad ride.