Amir M. Sahib » Economy http://www.amirsahib.com echo life; Wed, 21 Jul 2010 05:08:32 +0000 en hourly 1 http://wordpress.org/?v=3.0 Guy takes 8,800 pennies to pay for an impounded car in Florida http://www.amirsahib.com/guy-takes-8800-pennies-to-pay-for-an-impounded-car-in-florida http://www.amirsahib.com/guy-takes-8800-pennies-to-pay-for-an-impounded-car-in-florida#comments Thu, 30 Jul 2009 05:06:39 +0000 Amir Sahib http://www.amirsahib.com/?p=417

Hilarious

]]> http://www.amirsahib.com/guy-takes-8800-pennies-to-pay-for-an-impounded-car-in-florida/feed 2 The Real Unemploymnet Rate is 14.8% http://www.amirsahib.com/the-real-unemploymnet-rate-is-148 http://www.amirsahib.com/the-real-unemploymnet-rate-is-148#comments Fri, 06 Mar 2009 14:45:16 +0000 Amir Sahib http://www.amirsahib.com/?p=266 The official one is currently 8.1%, but the real one is much greater than that.  You can find the details here.

]]> http://www.amirsahib.com/the-real-unemploymnet-rate-is-148/feed 1 Gas Prices May hit $1 in 2009! http://www.amirsahib.com/gas-prices-may-hit-1-in-2009 http://www.amirsahib.com/gas-prices-may-hit-1-in-2009#comments Fri, 05 Dec 2008 23:01:58 +0000 Amir Sahib http://www.amirsahib.com/?p=154 This is great news to me.  It’s about time those oil rich companies start cutting their prices.  They made record profits this year and last year, they don’t need any more grand revenues.

All the current talk about alternative fuels is doing oil prices no good.

Gulf Oil CEO Joe Petrowski said on Wednesday that the price of oil could sink to $20 per barrel, and there is a chance gasoline prices could drop as low as $1 per gallon by early next year.

Speaking at a South Shore Chamber of Commerce breakfast at Lombardo’s in Randolph, the Brockton native said that after speculators drove oil prices up, there is a chance that the market will overshoot on the way back down, resulting in much lower prices at the pump.

Gas prices have already sunk fairly rapidly this fall, reaching a statewide average of $1.85 for a gallon of regular-grade gasoline this week, following a plunge in crude oil prices.

To make matters worse (for the oil companies and producers) Merril Lynch is predicting $25/barrel oil soon

Shout out to Tariq Nelson for sharing this.

]]> http://www.amirsahib.com/gas-prices-may-hit-1-in-2009/feed 0 Bad Economy = Lower Gas Prices http://www.amirsahib.com/bad-economy-lower-gas-prices http://www.amirsahib.com/bad-economy-lower-gas-prices#comments Mon, 10 Nov 2008 20:45:45 +0000 Amir Sahib http://www.amirsahib.com/?p=120 2.07 a gallon

Can you believe that!  That was the gas price in my state, I can bet there are even lower prices that hit below $2.00.  The only thing good about the current state of our economy in America is that we have lower gas prices.

Gasoline prices have fallen while average crude prices have done the same in the past four months. Although U.S. crude for December delivery rose $2.96 to $64 a barrel in New York trading on Monday, that’s down from its high of $147.27 a barrel on July 11.

Source: CNN

What’s the cheapest you paid for gas lately?

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