Oil drops to $69 a barrel on crude stockpiles

There are 5 comments on the Oct 16, 2008, Long Beach Press-Telegram story titled Oil drops to $69 a barrel on crude stockpiles. In it, Long Beach Press-Telegram reports that:

Oil briefly plunged below $69 a barrel Thursday, bringing its price to less than half its July record high after the government reported massive increases in U.S. crude and gasoline supplies.

Join the discussion below, or Read more at Long Beach Press-Telegram.

Cris from Long Beach

Long Beach, CA

#1 Oct 16, 2008
How come gas is still above $3.20 in my neighborhood. Last time oil was $65 a barrel, gas was under $2 bucks. What's the excuse this time.
Keith Krupp

Long Beach, CA

#2 Oct 16, 2008
Buy a Smart car and who cares what gas costs. GET OUT OF YOUR STUPID GAS HOGS!
Juan Pardell

San Francisco, CA

#3 Oct 16, 2008
This just goes to show it wasn't a supply & demand issue. Most likely, high oil prices had more to do with greed & lies.
Paul

Carson, CA

#4 Oct 16, 2008
Cris from Long Beach wrote:
How come gas is still above $3.20 in my neighborhood. Last time oil was $65 a barrel, gas was under $2 bucks. What's the excuse this time.
Yes Chris looks like we are getting gouged like crazy, and theres nothing we can do about it. If the price per barrel came down quickly, I too expect the price to go down quickly, but all they do is allow it, to go down by pennies, while we suffer.
Steve

Carson, CA

#5 Oct 16, 2008
We have and always will be taken for a ride on gas prices, weather we like it or not.

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