UPDATE: Oil at $88.51 ppb, 7:05 PM EDT

oil-price ^ | 10/6/2008 | DGHoodini

[DGHoodini]

Below $90 at beginning and end of US trading day.

$84.99 ppb...Here we come!

[xjcsa]

Gas here dropped below $3/gallon today.

[ken21]

still high here—$3.41.

iran’s break even is $70.00

and saudi arabia’s is %50.00.

the iranians are already complaining.

[DGHoodini]

Still up between $3.33 to $3.25 a gal around here.

[McGruff]

I heard the Russian Stock Market was down 20% today.

[BigMacGOP]

$2.97 here in Omaha

[Crazieman]

$2.89 here

[kempo]

Where is here?

[Sparky1776]

$3.09/gal in Boston.

[Evil Slayer]

Maybe my “Drill here, Drill now” bumper sticker scared OPEC into lowering the price. LOL It dropped to $3.20 in Columbia Missouri today. Never has gotten over $3.50 all year.

[Kay Ludlow]

To think I felt lucky here in PA that it fell to $3.39 over the weekend...

[beagleone]

A lot of good this does for me in Australia. Our dollar is falling faster than the price of oil. Gas prices are actually rising slowly in real terms for us: AUD $1.40-$1.60 a liter.

Yes, it sucks.

[Evil Slayer]

Check out the poster’s profile flag to find out what state “here” is.

[DGHoodini]

I heard they had to *shut it down* three times today!

[G8 Diplomat]

$3.24 to $3.49 in Columbus. There’s an Exxon station right outside my dorm window, so I check the price every morning.

[PapaBear3625]

I heard the Russian Stock Market was down 20% today.

Russian producers' break-even point I've heard is $88/bbl

And oil accounts for a big chuck of Russian foreign exchange.

[SaxxonWoods]

Do either of you have sources/links re these breakeven price points?

Thanks.

[yooper]

About $3.80 here in the U.P. today.

[BallyBill]

Who is it and where are they going?

[DGHoodini]

Well, If I must play Capt. Obvious: It’s my prediction, that we will be seeing the price of crude oil by the barrel, drop below $85, in the near future. rather than rise towards $95 per barrel.