[nick_n_ii]

Anyone else watching the stock market tank? At about 12:00pm today, Brazil and Russia both closed there markets to try and stop them from falling any farther... And ours is just going right down the drain.

Only good news on this is looks like we'll hit $3.00 per gallon for gas later today ($3.25 right now here in Michigan)

 

[Kyle]

So with this failing stock market our gas prices will fall aswell?

 

[Belto]

I hope gas falls.. and never recovers LOL

 

[nick_n_ii]

Gas prices will and are falling. With the market crashing ALL prices go down and that includes the price of oil...

 

[Belto]

well thats a YEY for me in PR, that means, gas goes down, electric bill goes down and water bill goes down..

 

[lornix]

The falling stock markets seem to have affected gas prices up here. We went from $1.53 per liter earlier this summer to $1.23 as of this morning. It works out to about .80 cents per US gallon in price drop.

That is still a whopping $4.50 per US gallon that we pay up here!

 

[Belto]

wow the liter here in PR went down from 1.09 this summer to .88 today...

 

[nick_n_ii]

There is positive. Now if I just had a job to take advantage of it...

 

[jonb8]

With the over sea's markets dropping like a rock, it makes the dollar stronger. Stronger dollar = lower oil prices. It still comes down to America, no matter how much Obama and the Dems try to make us feel quilty about it. We are a great nation that buy millions of dollars worth of crap a day, are poorest people are also the most overweight in the world. If the world thinks were not gonna buy, they all starve. America, even though were in economical crisis right now, is a great place to be. Don't let the Dems tell you anything different.

 

[okcjeeper]

You are dead on jonb8 stronger dollar = lower gas prices..Only reason gas prices have climbed is the weak dollar..Yep Americans will continue to buy but instead of with cash it'll be debt.. Stock market might fall and gas might cost less but there will be other repercussions from this economic crisis..What will be interesting is to see how all this affects spending for the holidays in the retail sector..and how much the avg house hold credit card debt rises...and so on..Americans live by the fact of if I want I get even if it means whipping out that little plastic card that says we have money..

 

[okcjeeper]

Oh and so yall can be jealous gas prices down in central Oklahoma have hit 2.85 a gal..

 

[WJCraig]

The falling stock markets seem to have affected gas prices up here. We went from $1.53 per liter earlier this summer to $1.23 as of this morning. It works out to about .80 cents per US gallon in price drop.

That is still a whopping $4.50 per US gallon that we pay up here!

$1.13 in Abbotsford yesterday...Still cheaper in Blaine, Wa. though.

That's right...I use you Americans for your cheaper fuel!

HA!

 

[lornix]

$1.13 in Abbotsford yesterday...Still cheaper in Blaine, Wa. though.

That's right...I use you Americans for your cheaper fuel!

HA!

Nice, that means it's even cheaper on the far side of Harrison! I usually see Abbostford as 12c cheaper than in town and W Harrison is often 10c cheaper than Abbostford ...depends on when ya go.

 

[junkyarddawg00]

I think its rather funny myself, even with the approval of the $700 billion "bailout", the market is still falling. I wonder if they realize that the more "money" they create, the less its worth? That always seems to be the answer, make more money. Little wonder the US dollar is worthless in today's global market. There use to be a time when the dollar was backed by gold or silver, and was more than just a piece of paper. Now, when someone is in trouble, the government just buys them out. Mortgage companies folding, just seize control of them. Big banks can't afford to dish it out? Just lend them what it would take the average US household 23,000 years to earn. I call B.S.

 

[kmanxj5050]

MCCAIN 08

wow it is still $3.57 in northern michigan

 

[muddeprived]

Went down to $3.39 today. I filled it up past 1/2 for the first time in a while. It felt so good

So...how long's this gonna last? I don't know much about the stock market and how it works.

 

[kmanxj5050]

not long are the country wont be able to afford gas to come in lol

great depression anyone? Nevermind dont worry the good ol USA will just print more money!!!!!!!!!

 

[whowey]

You are dead on jonb8 stronger dollar = lower gas prices..Only reason gas prices have climbed is the weak dollar..

ONLY reason??? No.
One reason Yes...

China the second largest consumer of oil, their economy has been forceably linked to the US economy. Our economy goes south, so does theirs. You now have #1 and #2 consumers not consuming. What happens with a market driven commodity like oil??? Price invaribly drops. Simple supply and demand.

 

[whowey]

I think its rather funny myself, even with the approval of the $700 billion "bailout", the market is still falling. I wonder if they realize that the more "money" they create, the less its worth? That always seems to be the answer, make more money. Little wonder the US dollar is worthless in today's global market. There use to be a time when the dollar was backed by gold or silver, and was more than just a piece of paper.

The US was removed from the gold standard to prevent people from presenting US currency at banks in exchange for gold. Banks didn't keep that much in gold reserves on hand. They were kept by the Federal Reserve Bank. The FDIC was a direct result of FDR removing us from the gold standard. Almost every major economy in the world either already had removed themselves from it or did very shortly after the US did.

 

[nick_n_ii]

With today's stock crash it cost investors $2.5 Trillion dollars... How we give those banks? $700 Billion I think we all got screwed...