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<blockquote data-quote="ghawkes10" data-source="post: 633441" data-attributes="member: 556795"><p>I think that means that they are going to stop filling the Strategic Petroleum Reserve. (or it might be filled by January?)</p><p></p><p>OPEC sets target prices on a per barrel basis. Wall Street Journal said they are targeting about 35-41 USD/barrel. That's why prices have been falling. I think oil is trading at about 44.00 right now. The reason gas was so expensive before was because Exxon/Mobil, BP, Shell, and the rest of the bigger oil companies more and more buy their oil on the market instead of exploring and drilling their own.</p><p></p><p>Anyways, it's about 1.80 here in central MD.</p></blockquote><p></p>
[QUOTE="ghawkes10, post: 633441, member: 556795"] I think that means that they are going to stop filling the Strategic Petroleum Reserve. (or it might be filled by January?) OPEC sets target prices on a per barrel basis. Wall Street Journal said they are targeting about 35-41 USD/barrel. That's why prices have been falling. I think oil is trading at about 44.00 right now. The reason gas was so expensive before was because Exxon/Mobil, BP, Shell, and the rest of the bigger oil companies more and more buy their oil on the market instead of exploring and drilling their own. Anyways, it's about 1.80 here in central MD. [/QUOTE]
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