Two Days...Two Cents

Friday, September 22, 2006 09:50 AM

Just two days ago, this same sign said 99.9 .

The reduction is said to be the result of a reduced demand now that summer travel time is over, and the threat of supply shortages has been eased because of the easing of tension in the middle east.

Don't forget, it was just a couple of months ago (July 9th) that the price per litre of regular gas was 117.9

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Posted on Friday, September 22, 2006 09:50 AM in News by 250 News

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Comments

Posted by: jonnypg on September 22 2006 2:05 PM

The reduction is proberbly due to the fact that both ford and chevy are shutting down plants because large vehicle sales are in the toilet,and people are buying more fuel efficient cars, especially from Japan. Now the auto makers are more than likely getting on to the oil companies to lower prices to generate sales.
Last year the oil companies made $110 billion in profit,And what a nice parting gift given to retiring Exxon CEO Lee Raymond -- a $400 million send-off

Posted by: Gofaster on September 22 2006 2:17 PM

one year ago today gas was selling for $1.059 per liter.
March 2006 it was .959 so has a little ways to go to be back where it was when the price was the same as it in now for a barrel.... but better for sure than it was....
Nice to see