Oil spikes $25 a bbl!

[OCP]

Yeah but there is here in ATL. So shouldn't the price be higher here?

 

[BoilerUP]

Oil is back down below $108/bbl...

 

[Smarta$$]

Yeah but there is here in ATL. So shouldn't the price be higher here?

I think they did not raise it much because of anti-price gouging laws. Oil is scarce because of the huricane. Just a guess. But the jump in oil yesterday, was most deffinately NOT supply and demand.

Good thing W said he would veto the Stop oil Speculation bill.

 

[dirkdigler]

This spike was due to October feature contracts coming due. November delivery still goes somewhere around $104.

 

[Skyboy722]

Ergo . . it's not speculation, it's money looking for a safe harbor.

As in, a better place to put your money? That, my friend, is EXACTLY speculation!

 

[WickedPissa]

I left the house to work out it was $114 came back not even an hour later and it was $125. wtf over...

So what you are getting at is you check the price of oil less than every hour of your life?
It was also dire info to know you worked out pipesey.