Oil ends at two-month low, natural gas off 10% as storm weakens


Gasoline Futures fall 11 cents in one day of trading to $1.78

Gasoline Spot prices fell slower to $1.88, lagging behind futures by 10 cents.

Could this be the final fall, or is it only a temporary sag? In my opinion, it is only a temporary sag, at least until China and other countries stop subsidizing oil consumption to such a large extent.

8/29/2006 8:49:27 AM

[Edited on August 29, 2006 at 9:56 AM. Reason : -]

8/29/2006 9:56:35 AM

"as storm weakens." Did they really have to wait for it to weaken? It's annoying how the media treats every misshapen tropical storm as the next Katrina.

8/29/2006 11:08:49 AM

it really has nothing to do w/ any storm, its been inching down for weeks

8/29/2006 11:43:33 AM

except that it does

the day that it was clear the storm was not going to the hit the gulf coast, the prices sunk dramatically.

8/29/2006 11:49:44 AM

The prices have been high all this time just in case a storm formed and did hit the gulf coast.

8/29/2006 11:58:23 AM

All we need is 10 more fake storms to get gas back down below $2

8/29/2006 12:19:29 PM

And one real one to push us over $4.

8/29/2006 12:36:28 PM

8/29/2006 10:43:28 PM

hahahahahaha

8/30/2006 12:07:02 AM

SINCE WHEN DID HURRICAINES DRIVE GAS PRICES SO FAR UP?

only since Chocolate City?

8/30/2006 1:53:14 PM

OPEC Spare Capacity (Mbpd)

Since this graph hit zero.

[Edited on August 30, 2006 at 2:24 PM. Reason : .,.]

8/30/2006 2:24:14 PM