What Are Your Gas Prices?

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Doka
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What Are Your Gas Prices?

Post by Doka » 01-14-2015 05:22 PM

Our prices here, in the eastern part of "the pacific north west" are about $2.24 to $2.70 per gallon.

I'm not complaining about having low gas prices, it does help off set the almost double food prices here. Does any one have any idea WHY, the gas prices would take such a drastic drop? Read a couple articles, but they weren't sure either. :confused:
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Post by Riddick » 01-14-2015 05:33 PM

$1.89/gal at one station here as of yesterday.

Supposedly the story goes Saudi Arabia started all this by turning the spigots up big time. Other producers followed suit, having to up their output just to keep their shares of the market from falling.

Thus, an oil glut. Not that there's anything wrong with that IMHO.

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Post by kbot » 01-15-2015 08:30 AM

We're hovering somewhere around $2.30 for regular unleaded.

What I'd heard was that Saudi is trying to undercut production here in the US and Russia, and that when producers here decide that the price is too low for them, to be profitable and stop drilling that the Saudis will drive up the price again
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Post by Fan » 01-15-2015 08:36 AM

uh $0.70/L was reported in our nation's capital. In my town it is way higher because the state taxes the crap out of it.

I think that works out to about $2.69/gal
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Post by Fan » 01-15-2015 08:39 AM

oil is cheap because production is high (they have been drilling like sumbitches with these super high prices we have had - it fuels exploration, new fields, new tech) and demand is low.

Now, oil companies are taking a loss on every barrel sold (they need minimum $100/barrel), so the big companies are holding on for dear life trying to pump enough to put their smaller competitors out of business.

It will go back up, or the world economy will crash. One of the two :)
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Post by Doka » 01-15-2015 10:19 AM

I listened to Snory last night for a few minutes and he had on a guy, that was just positive, that the Powers That Be ,are trying to starve out the Russians. Now how that can be done with out taking the rest of the world with it, was not explained.? :rolleyes:
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Post by Fan » 01-15-2015 10:25 AM

Russia is doing just fine, and basically saying F.U. to the US. http://www.zerohedge.com/news/2015-01-1 ... etrodollar
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Post by Cherry Kelly » 01-15-2015 11:27 AM

Regular was $1.63 Wed night 1-14-2015.

---
It is still the fact that we need more refineries in this nation.

AND the idiots want to add more fuel taxes...odd if one goes back to pre Obama -- gas prices were what? and oil was quite high per gallon - yet we did not have this huge 17-18 trillion $ debt.

It is called oil company greed? Who knows, but with cars getting better mpg, now the working pour and middle class have a bit more money to buy other things for their homes and families.

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Post by Doka » 01-15-2015 11:46 AM

We should be running out of feet to shoot ourselves, here pretty soon now. :eek:
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Post by Doka » 01-22-2015 08:15 PM

In his annual “state-of-the-kingdom” address on Jan. 6, Saudi Arabia’s King Abdullah hoped to reassure the world that his country is prepared to absorb the economic shock of plummeting oil prices and to deal with the worsening conflict in its two neighbors, Iraq and Yemen. The message might have been more effective had the 90 year-old king delivered it personally, but Abdullah has been hospitalized since Dec. 31 for pneumonia.

Instead, Crown Prince Salman delivered the speech on the king’s behalf. That image — of an aging heir with his own health troubles standing in for a nonagenarian king — did little to address concerns about whether Abdullah is still fit to lead. Larger questions over the line of succession in one of the world’s most important oil producers remain unanswered.

The 79-year-old Salman, a half brother of the king and his designated successor, has taken on a larger public role in recent months, standing in for Abdullah at a summit meeting of Persian Gulf leaders in Qatar last month. But Salman himself is in poor health, and reportedly suffers from dementia. If Abdullah dies or is incapacitated, and Salman ascends to the throne, he might not be king for long. It’s also unclear who Salman would designate as his crown prince — and that crucial decision could destabilize the royal family.

Well this could be interesting, with the Prince possibly suffering from dementia.
Since the pres is hell bent on setting up a huge muslim nation, Saudi would fit in quite nicely.


http://www.zerohedge.com/news/2015-01-2 ... g-abdullah
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Post by Riddick » 01-23-2015 01:49 AM

The low end price here just went up 4 cents, making $1.93/gal for regular the going rate all around.

Party over?

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Post by kbot » 01-23-2015 06:36 AM

Finally a $1.99 here in Mass!!!!!!
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Post by Riddick » 02-08-2015 06:58 AM

We've had a number of price leaps these last two weeks. Right now on the low end $2.15, high side $2.25 a gallon

I liked it better going the other way. No compelling reason to keep the tank full when the price was still dropping...

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Post by Cherry Kelly » 02-08-2015 11:30 AM

gas prices have jumped up to 1.999 in just a few short weeks


why? Oh ya union strike -- ???

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Post by Riddick » 02-10-2015 06:05 PM

Oil Punge Could Be 'The End Of OPEC'
In a report on Monday Citigroup said the recent surge in oil prices is just a "head-fake" and lowered its 2015 forecast to $54 per barrel on average, with prices as low as $20 possibly on the way. FULL STORY

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