Driving cross country tomorrow on I80 VT>UT I should save almost $100 compared to my drive 6 months ago
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Driving cross country tomorrow on I80 VT>UT I should save almost $100 compared to my drive 6 months ago
Sent from my SM-G900V using TGR Forums
Diesel is still ridiculous...
2.68 seacoast nh today
shoulda been at the beach this am;)Quote:
Originally Posted by My Pet Powder Goat
hava good winter. see you in 6.
So? It doesn't matter cuz we still want all those cool small trucks that burn deiselQuote:
Originally Posted by Cruiser
4.17 at local gas stations in Maui, 3.46 at Maui Costco….
Move this geo-political bs to polyasshat you fucking apparatchiks. :D
$2.30 in South Carolina where I am now, $2.90 in Las Vegas last week.
I hear the price of pudding pops has also dropped do to too much drilling!
2.79 Annapolis
I'm sure the same goes for Canadian Oil Sands. And to add to the fun, in the province of Alberta, for every $1 drop in the price of oil, the province loses $200 million in royalty revenue.Quote:
Originally Posted by Cross
But I just bought my first truck so this is awesome.
0.99 / L Canadian... which I figure as about $3.29/gallon USD.
What cheap gas? $3.49-$3.69 in Truckee. If there's more expensive gas in the 48 I'd like to know about it.
Gas prices always go down after a national election. Don't know why for sure but my guess is the oil companies figure high prices piss people off into voting for Republicans who they think will keep prices down, so they let the prices creep up until election time.
4.39 today in Bridgeport.
Paid 2.63 in Gardnerville NV today, then 3.33 in Bishop, then 3.16 in Barstow.
They'll stay low until April when I have to drive my rig up through BC, Yukon, and AK.
I've always said that Bridgeport and that fancy Mobile by Mono Lake are the most expensive stations in 'merica.Quote:
Originally Posted by climberevan
3.36 for Premium/93 this morning - Yorktown NY. The stations in my town 5 minutes away are between 3.59-3.89 for the same grade. Regular unleaded is between 2.89-3.39.
$2.66 yesterday with the bonus deal offer of 10 cents off instead of the normal 5 cents for the gas card.
Not to get political but I have heard that Isis is part of the reason for price drops from knowledgeable Middle Eastern resident that spoke about Syria and Iran- the 2 sides are using oil to fund their war and when Isis gains control of areas with oil production they start pumping to fund their effort to expand control of more territory.
It's way more convoluted and fuct than most know, and no, this isn't a it's Booosh's fault" either.Quote:
Originally Posted by EaglesPDX
House of Bush, House of Saud: The Secret Relationship Between the World's Two Most Powerful Dynasties is a 2004 book by Craig Unger that explores the relationship between the Saudi Royal Family and the Bush extended political family. Unger asserts that the groundwork for today's terrorist movements and the modern wars that have sprung up about them was unintentionally laid more than 30 years ago with a series of business deals between the ruling Saudis and the powerful Bush family. The Saudis received investments and military protection in exchange for cooperation on lucrative oil deals. The author claims that the result has been a shady alliance between "the world's two most powerful dynasties." Unger writes, "Never before has an American president been so closely tied to a foreign power that harbors and supports our country's mortal enemies."
http://en.wikipedia.org/wiki/House_o..._House_of_Saud
$2.79 at Arco
$2.17 at Chevron with Safeway points
Dropped a dime in JH since Rideit started this thread yesterday: $2.89...
I think the station near me is 2.53 or something like that. I wish heating oil was that cheap
Why don't airline prices fall?
Algo based capacity management keeping seats full. I suspect some minor price cutting after the holiday but prices are not going to go a lot lower with the current fleets unless demand drops.Quote:
Originally Posted by Buster Highmen
The TGR Gasbuddy thread, but less interactive?
http://www.gasbuddy.com/gb_gastemperaturemap.aspx
Winter mix of gasoline is cheaper to refine than the summer fuel mixture. Every year the price creeps up due to this, plus more demand as trips/travel increase in the warmer months also.Quote:
Originally Posted by HansJob
Alaska was just running a pretty good special. $69 each way from San Diego to SLC or Seattle. After Christmas look for the deals. O and $2.95 for premium today. I can not remember the last time it was that price.Quote:
Originally Posted by Buster Highmen
$2.35 outside Wangchester Va.
up to $2.49 on the return trip 2 days latr
1.21 a liter here, I think we usually have the highest fuel prices in BC, Shorty J is paying < a buck but Alberta has different tax structure and besides he has to live in Calgary
2.47 in Boston.
Will the Saudi's ploy work? My oil trading friend thinks it will. I don't know that I buy it, it may cause prices to go up for a bit, but the found oil is coming out of the ground sooner or later.
Will probably purchase some USO in the next few weeks to month.
$2.29 in VA in the sticks. 15-20¢ more in town.
They got 230 near Minneapolis.
Gasoline prices smashed again today and tonight. New 52 week low by .06c.
What are they doing, trying to under cut the N. American supply?Quote:
Originally Posted by neufox47
Yes, that is the theory, put all the small fracking companies out of business and reduce supply in the long run.Quote:
Originally Posted by Tuckerman
Heard a story yesterday on NPR that the airlines are stuck with the futures they bought when Oil was more $$$.Quote:
Originally Posted by Buster Highmen
And now we shall once again see the resurrection of behemoth SUV sales. How quickly people forget. When gas prices inevitably rise again, I do not want to here those same people bitch about how much it costs to fuel their Escabursions. Don't get me wrong. People are free to drive what they want, but last time gas prices started going ABOVE $2 and continued climbing, I heard way too many whine and complain about how much it cost to fuel their rides.
When gas was cheap many years ago, I bought an econo car and coworkers razzed me about it. I told them that gas prices wouldn't always remain that price and they'd laugh. I had the last laugh when prices shot up and they started wanting to car pool with me stating that gas was too expensive for them to fill up their Tahoes and such. And now here we go again. People saying "gas is cheap so I should buy a hudge SUV!" I will once again be laughing when prices inevitably go back up once this nonsense with OPEC is over.
Cautiously optimistic that not that many people will fall into that ^^^ trap. I know truck and SUV sales have already started to tick up. We'll see.
The economics of the increasing CAFE mandate and lower gas prices (for now) should be interesting to watch play out.
Tipp, I was thinking about that. Figured that was the case. Anybody know how long those futures are? Six months? A year?
The OPEC meeting a couple weeks ago was amusing. Saudis and a number of other Gulf states have big currency reserves to ride out a good-length period of low prices. Story is that they want to bankrupt the smaller American plays, as well as hurt Iran and Russia for various geopolitical reasons. Some interesting charting in here: http://www.vox.com/2014/11/28/7302827/oil-prices-opec Apparently Iran needs ~$125/barrel and Russia was budgeting for at least $100/barrel for 2015. Russia just announced they'd hit recession last week IIRC.
I don't get it. US Shale projects will stay profitable if the price is $42-80/barrel. (Only 4% will be affected if it's $80.) And most will still operate anyways, and just wait it out (can't they hold on to it until prices rise?). So unless everyone thinks it will drop wayyyyy wayyyyyy down, right now the countries being affected drastically is Russia, Iran and all OPEC countries except two, and soon to be just one.
So why is the story about smaller American plays? Why would OPEC screw themselves over some small-time US rednecks?
My understanding is that a lot of them (smaller US players) will go belly up if prices stay around $60 for a decent length of time. Believe I had a petro economist interviewed on NPR about it, and that's where I got the notion.
Any links to the contrary?
Quote:
Originally Posted by muted
I guess 15% is not small time?
Hmm looks like hydraulic fracturing is working pretty well.Quote:
In its latest weekly report, EIA said the country imported around 7.4 million barrels of oil for the week ending Oct. 10, down 7.4 percent from the same week in 2013.
In his latest economic address to the nation, President Barack Obama said the country is producing more than it imports for the first time in nearly two decades. He set a goal in 2012 to cut imports by half by 2020, but expects to meet that goal six years ahead of schedule.
An increase in U.S. oil production from shale has led to a corresponding decrease in imports of oil sourced from foreign countries.
Canada is the No. 1 oil exporter to the United States. Exports from Canada are down 9 percent for the first seven months of 2014 compared with 2012.
Read more: http://www.upi.com/Business_News/Ene...#ixzz3LQS1jTfQ
I gathered that, but so what? The other countries are not meeting their yearly budgets because of this and possibly going into a recession. All this for some small time players in the US?Quote:
Originally Posted by LightRanger
15% of what? Shale US production? Overall US production? Worldwide production? I don't think it's going to be a big deal here compared to what damage OPEC is doing worldwide, not even close. or what am I missing?Quote:
Originally Posted by Tuckerman