BodybyFisher Posted October 26, 2007 Report Share Posted October 26, 2007 How long is it going to take for gas to skyrocket? It was $80 a week ago. Is this because of the sanctions we put on Iran? Who the heck sets this price? Pre-1995 - DTC codes OBD1 >> 1996 and newer - DTC codes OBD2 >> https://www.obd-codes.com/trouble_codes/gm/obd_codes.htm How to check for codes Caddyinfo How To Technical Archive >> http://www.caddyinfo.com/wordpress/cadillac-how-to-faq/ Cadillac History & Specifications Year by Year http://www.motorera.com/cadillac/index.htm Link to comment Share on other sites More sharing options...
JimD Posted October 26, 2007 Report Share Posted October 26, 2007 The reported price is an agreement between a seller and a buyer. These are folks who are speculating on the supply and demand 30 to 60 to 90 days from now. Nice way to make a living when you buy a contract for a tanker full of oil for $80 per barrel and sell the contract 30 days later for $90 per barrel. And you don't even have to touch the product. But the downside risk is that Saudi Arabia (or someone else) can open their supply spigots a little wider and leave you holding $80 a barrel oil when buyers are only willing to pay $70 per barrel. Jim Drive your car. Use your cell phone. CHOOSE ONE ! Link to comment Share on other sites More sharing options...
Bruce Nunnally Posted October 27, 2007 Report Share Posted October 27, 2007 Gas pricing seems more directly linked to supply and demand through the refineries. As I understand it, gas is not a primary result of refining crude oil, but is more or less a by-product of refining to yield other end products. http://zfacts.com/p/35.html Another topic -- today's gas prices are high, but not out of sight of recent gas prices once adjusted for today's dollars: Bruce 2023 Cadillac CT4-V Blackwing Follow me on: Twitter Instagram Youtube Link to comment Share on other sites More sharing options...
JimD Posted November 30, 2007 Report Share Posted November 30, 2007 Oil futures closed today at $88.84. This is the same oil that touched $99.00 in the last two or three weeks. Jim Drive your car. Use your cell phone. CHOOSE ONE ! Link to comment Share on other sites More sharing options...
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