The Think Tank

May 13, 2010 Oil Prices Today

by on May.13, 2010, under Oil Prices

well again it has been too long.  The prices are dropping finally. At least they have been for the last couple of days.  The weather is warm.  Heating oil prices should drop, however vacations are a comin, so the big oil boys may keep the prices high for summer gas prices.  They get us coming and going.

Larsen Oil 503 281 0003   200g 2.53 400g 2.59 up   .08
Pulliam Oil 503 564 4968   200g 2.58 400g 2.55 up   .04
——————————————————————————————————————————————————-
3/19/10    Close 80.68 Crude   5/13/10   Close  74.10   down  6.58
3/19/10    Close 2.0767 Heating Oil   5/13/10   Close     2.134   up  .0576

It always amazes me that the prices rise so quickly after a rise on the markets, and drop so slowly after the markets fall.  Kind of like how fast the stores/banks take money out of your bank account when you purchase something, and then it takes 4 weeks to get a refund when something is returned.


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