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Old November 30th, 2008, 01:46 PM   #441
SeanT
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Quote:
Originally Posted by Timon91 View Post
Between your two posts there was exactly 1 day and 7 minutes. In that post you mentioned "yesterday's gas prices" being very low. So that was the 27th, I assume. And I assume that €1,17/L was about the 29th. €0.18 in two days is quite a big jump IMO
Sorry, than the big jump is absolutly correct.
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Old November 30th, 2008, 01:51 PM   #442
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Wow, that's too bad. I didn't know that these changes could be that big, especially in one single European country

I remember a gas station in 2003, near Cincinnati where the gas price rose $0,23 a gallon in one day. It had something to do with a hurricane in the Caribbean that had hit a Shell oil platform. The gas station next to it just selled gas for normal prices. It was quite busy there
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Old November 30th, 2008, 01:53 PM   #443
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no it is €1,14 (for a change)95

Last edited by SeanT; November 30th, 2008 at 02:00 PM.
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Old December 2nd, 2008, 11:51 PM   #444
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Euro 95 - .827 €/l

Diesel - .914 €/l

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Old December 3rd, 2008, 09:25 AM   #445
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Malaysia

Price reduction today

RON97 - 0.41 € / liter

RON92 - 0.39 € / liter

Diesel - 0.39 € / liter
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Old December 3rd, 2008, 12:30 PM   #446
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Euro 95: 0,91€/L

Diesel: 0,95€/L

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Old December 3rd, 2008, 04:27 PM   #447
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Gasoline 95: 0.93 euro / 1 liter. Poland.
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Old December 3rd, 2008, 04:28 PM   #448
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Quote:
Originally Posted by hetfield85 View Post
Malaysia

Price reduction today

RON97 - 0.41 € / liter

RON92 - 0.39 € / liter

Diesel - 0.39 € / liter
Send me 100L of this RON97.
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Old December 3rd, 2008, 04:32 PM   #449
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The last days the price rose a little, but diesel went down today.

Loenersloot update:
Euro 95: €1,199/L
Diesel: €0,999L
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Old December 3rd, 2008, 05:23 PM   #450
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Shell 87 Regular is 1.919/Gal
Costco 87 Regular is 1.769/Gal
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Old December 3rd, 2008, 09:50 PM   #451
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Last time I checked, regular Unleaded was 97.9 cents per litre and E10 (with 10% Ethanol) was 94.9 cents per litre. Just three months ago, it was up around $1.70 per litre.
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Old December 4th, 2008, 05:04 PM   #452
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Saw a station at $2.18 today (€0.453/liter).
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Old December 5th, 2008, 12:15 AM   #453
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Quote:
Oil May Fall Below $25 Next Year, Merrill Lynch Says (Update1)

http://www.bloomberg.com/apps/news?p...efer=worldwide

By Grant Smith

Dec. 4 (Bloomberg) -- Crude oil may dip below $25 a barrel next year if the recession that’s slashing fuel demand around the world spreads to China, Merrill Lynch & Co. said.

Global oil demand will contract in 2009 as economic growth slows to its weakest since 1982, Merrill Commodity Strategist Francisco Blanch said in a report today. In October, when oil was around $100 a barrel, the bank predicted that prices may slide to $50. Crude traded at $45.30 in New York today, the lowest since February 2005.

“A temporary drop below $25 a barrel is possible if the global recession extends to China and significant non-OPEC cuts are required,” Blanch said. “In the short-run, global oil demand growth will likely take a further beating as banks continue to cut credit to consumers and corporations.”

Crude hasn’t fallen below $25 a barrel on the New York Mercantile Exchange since November 2002.

Global oil demand has slumped as the U.S., Europe and Japan face simultaneous recessions for the first time since World War II. The number of Americans collecting jobless benefits rose to 4 million in the week to Nov. 22, a 26-year high, the Labor Department reported today. European Central Bank President Jean- Claude Trichet said the euro region’s economy will shrink in 2009.

$50 Average

Merrill reiterated a Nov. 26 forecast that oil futures traded in New York will average $50 a barrel next year. Prices “could find a trough” at the end of the first quarter and undergo a “modest recovery” in the second half as economies strengthen, according to today’s report.

“We expect strong cooperation to emerge” among members of the Organization of Petroleum Exporting Countries as prices fall below $50, Blanch said. OPEC, producer of more than 40 percent of the world’s crude, was still pumping about 1 million barrels a day more than its official target of 27.3 million barrels a day last month, according to a Bloomberg survey.

Producers in Canada may shutter almost 800,000 barrels a day if prices decline below $35 a barrel, Blanch added.

Merrill’s $50-a-barrel assessment for 2009 is the second- lowest among 32 analyst estimates compiled by Bloomberg, after a prediction of $43.13 by ANZ Banking Group Ltd. issued on Nov. 18.

To contact the reporter on this story: Grant Smith in London at [email protected]

Last Updated: December 4, 2008 09:27 EST
Bad news for investment in drilling and development of renewables
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Old December 5th, 2008, 09:23 AM   #454
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Don't believe that. In March some 'experts' said that the oil would be above $200 a barrel by the end of this year. Look where we are now. I mean, I can also predict when I draw a graph of the oil price, and extend it until next year.
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Old December 5th, 2008, 09:49 AM   #455
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Below $ 25 would pre 1970's oil crisis level, the lowest price of oil ever.
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Old December 5th, 2008, 11:53 AM   #456
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Oil was under $25 for most of the period from the mid 1980s to 2000 with lows of around $10 in the late 90s
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Old December 5th, 2008, 11:55 AM   #457
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Also with inflation correction?
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Old December 5th, 2008, 11:56 AM   #458
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No. Not corrected for inflation
Still, oil at $10 in the late 90s is still lower than $25 now
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Old December 5th, 2008, 12:09 PM   #459
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Update on Swedish prices.

95: 10,24 SEK (€0,97)
98: 10,54 SEK (€1,00)
Diesel: 10,99 SEK (€1,04)
E85: 9,34 SEK (€0,885)

The station with the lowest available price (at Nässjö) for 95 currently sells at 9,94 SEK (€0,942).
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Old December 5th, 2008, 01:13 PM   #460
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0.77 euro/l at a petrom station in bucharest, for 95 gasoline.
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