donganaaK Posted October 14, 2014 Report Posted October 14, 2014 Crude oil prices fell to multi-year lows Monday, extending an autumn slide that cast more clouds over the energy sector but brightened the outlook for consumers who'll benefit by a continued slide in gasoline prices. International benchmark Brent crude oil dropped $2.15 to $88.06 a barrel, its lowest since December 2010, while West Texas Intermediate eased about 69 cents to $85.05 in intraday trading, a 22-month low, before ending flat at $85.74. Behind the drop: Iraq joined Saudi Arabia and Iran's recent price-cutting spree. The key members of the Organization of Petroleum Exporting Countries (OPEC) are undercutting other exporters' prices and maintaining production or even boosting output as global demand is slowing and North America oil production surged. Brent crude is down nearly 24% and West Texas Crude 20% from peaks in mid-June. Monday's crude oil selloff pushed U.S. wholesale gas prices for mid-November delivery down 0.60% to about $2.24 a gallon. That should bring more relief at the gas pump, where U.S. prices — averaging $3.19 a gallon — have dropped 21 cents in the past month and are likely to drop an additional 20 cents or more by early November. Seven states — Missouri, Oklahoma, South Carolina, Mississippi, Tennessee, Kansas, Minnesota — average sub-$3-a-gallon gas. Arkansas, Alabama, New Jersey, Texas, Virginia, New Mexico, Ohio, Louisiana and Delaware could fall below those levels by the weekend. "The decrease in gas prices and what's going on with crude oil has been nothing short of dramatic as it leads to pump prices we haven't seen in some areas of the country since late 2010,'' says Patrick DeHaan, senior petroleum analyst for gasbuddy.com. "Motorists will be saving billions as holiday shopping looms. What good timing." This isn't the best of times for energy stocks, particularly drillers, which were hammered again Monday. Among the losers: Goodrich Petroleum, down 29% to $7.65; Halcon, off 16% to $2.51; Concho Resources, off 7% to $97.92; Chesapeake Energy, off 6% to $17.83; Hess, down 6% to $77.78; and Halliburton, down 7.4% to $50.26. 1
Spartan Posted October 14, 2014 Report Posted October 14, 2014 but it will trigger Recession in EU ani vinna... whys the oil price shudnt go below 3$ ani....article chadiva monna..
donganaaK Posted October 14, 2014 Author Report Posted October 14, 2014 but it will trigger Recession in EU ani vinna... whys the oil price shudnt go below 3$ ani....article chadiva monna.. actually according to my knowledge .... oil prices are inversely proportional to dollar value , okati taggithe inkoti peruguthadi....i'm not sure if that will have any role in triggering the recession in the EU
donganaaK Posted October 14, 2014 Author Report Posted October 14, 2014 NJ la already $2.69/ gal yeah tax takkuva kada akkada on gas .... nice
sattipandu Posted October 14, 2014 Report Posted October 14, 2014 west coast also in low 3 $'s full tank cheyistha costco lo ivalla :P
kiladi bullodu Posted October 14, 2014 Report Posted October 14, 2014 I am buying Beamer ;) Silver uncule suggestions please
Power Star Posted October 14, 2014 Report Posted October 14, 2014 I am buying Beamer ;) Silver uncule suggestions please buy 5 series man
bokadia Posted October 14, 2014 Report Posted October 14, 2014 I am buying Beamer ;) Silver uncule suggestions please ltt naaku help avuddi
Power Star Posted October 14, 2014 Report Posted October 14, 2014 No money man .... 5 series konte gf osthadi SC povalsina avasaram ledu
bokadia Posted October 14, 2014 Report Posted October 14, 2014 2011 335I teesukovacha anta if it has less miles around 25k and budget 25k-30k lo endukantey 328i mari chinnadi la undii new model loaded naa budget lo ravadam ledhu
donganaaK Posted October 14, 2014 Author Report Posted October 14, 2014 2011 335I teesukovacha anta if it has less miles around 25k and budget 25k-30k lo endukantey 328i mari chinnadi la undii new model loaded naa budget lo ravadam ledhu 328 chinnadi enti bro ... both 335 and 328 are the same size and same interiors ... just 335 lo engine pedhadi anthey ... everything else is same to same
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