Fuel Prices.

[VTeton]

$1.79 in Beantown

[MontuckyFried]

Sales of the International XT are through the roof. A very popular choice for tiny soccer moms in Suburbia:


(pictured on the left)

[Timberridge]

Who do you call to change a flat tire on that? AAA or the Army reserve?

[ncskier]

The outbound prices for President's Day weekend are retarded. This will be the first time that I've had to fly from BWI to SLC with a stop, and it was still $250 one way on the cheapest "wanna get away" price.. on Thursday, not Friday. Glad I bought when I did a few weeks ago, because that ticket is now "unavailable" and the "fly Anytime" price is almost $550. One way. At least I have a non-stop flight back.

Last year it cost me $300 r/t non-stop both ways. Is that weekend when Sundance is going down?

I think the airfare model is also heavily dependant on rich people from the east coast willing to pay top dollar since the east coast has sucked for skiing and the west has been getting pounded. Last winter fares to SLC were much cheaper but burlington VT was nuts. This year its the opposite. You DC to Boston I 95 city boy trust funders have the means to seek out the best turns on the continent. At least from the airlines perspective. If fuel was free no one would have chosen Stowe over Deer Valley this past Christmas. Your Bogner's would have been too muddy in VT this year.

[Timberridge]

Tipp, if you were thinking ahead you could have gotten a ride with Benny to CO.

[Benny Profane]

One of the rules would have been no Bowie songs on the radio.

[Bromontana]

US crude $30.14 and volatile.

[Game Over]

$2.02 regular EUG yesterday

[LightRanger]

Isn't BC doing the "carbon credit" thing that CA followed? If so, the fact that those are the only two places in North America selling gas >$3/gal should tell you all you need to know about what a scam that is.

Two things:

1. AB32 has no discernible effect on fuel prices in CA. Strict particulate emissions laws, lack of refining capacity, etc., but please provide a link to a credible resource economist showing AB32's carbon regs have done anything to CA fuel prices.
2. What the fuck are you talking about over $3/gallon in CA. Gasbuddy shows under $3 almost everywhere in Los Angeles County, and $2.50 where I am. Quit exaggerating to fit your political narrative. Or you could move to Texas already. They'll resist carbon regulations longer there. I heard the air quality in Houston is even better than the Los Angeles Basin too!

[Bromontana]

^ great sig, one of his best lines to date. Viva papa!

[DBdude]

gas should continue going down, crude can't catch a date with a buyer to save it from the 20s. So likely cheaper gas. Beyond that you have seasonal downturn with relatively lower demand. Kind of a perfect storm for cheaper gas prices. Should reverse by summer unless crude can't find support in the 20s, then all bets are off.

strong dollar will make crude cheaper

[Brock Landers]

Global downturn crushes oil demand/price and boosts USD

[4matic]

Excellent interactive chart:
http://www.macrotrends.net/1334/doll...storical-chart

[iceman]

Two things:

1. AB32 has no discernible effect on fuel prices in CA. Strict particulate emissions laws, lack of refining capacity, etc., but please provide a link to a credible resource economist showing AB32's carbon regs have done anything to CA fuel prices.
2. What the fuck are you talking about over $3/gallon in CA. Gasbuddy shows under $3 almost everywhere in Los Angeles County, and $2.50 where I am. Quit exaggerating to fit your political narrative. Or you could move to Texas already. They'll resist carbon regulations longer there. I heard the air quality in Houston is even better than the Los Angeles Basin too!

Boom, fuck yeah.

[Bromontana]

Decent article

http://www.nytimes.com/2016/01/12/bu...ible.html?_r=0

“Every signal that the market is getting now suggests that we are going to continue to have an oil glut for some time to come,” said Jason Bordoff, director of the Center on Global Energy Policy at Columbia University. “Iran is about to re-enter the market, demand numbers and economic indicators look relatively weak, U.S. supply is holding up in a low-price environment much better than people thought and global inventories are growing.”

[skiballs]

Shit could get real funky real quick with Iran and US Navy.

[4matic]

Shit could get real funky real quick with Iran and US Navy.

SP500 is up 22. It's a non event and will be over before dawn in NY despite wishful thinking.

[Cono Este]

1.45 is Mo. pretty amazing.

[skiballs]

Most likely, and wti ever touching a 20 handle was shear lunacy. The only certainty is uncertainty.

[iceman]

sit tight is my mantra

of course that's always my mantra. But it seems to work. Last crash did me well.eventually.

[Bromontana]

SP500 is up 22. It's a non event and will be over before dawn in NY despite wishful thinking.

That would make my day, make it happen!

[yeahman]

Won't it be wonderful when the American frackers are put out of business and we can go back to being at the mercy of OPEC and the Saudis for most of our oil? Can't wait.

[Bromontana]

Won't it be wonderful when the American frackers are put out of business and we can go back to being at the mercy of OPEC and the Saudis for most of our oil? Can't wait.

If they wanted a reliable spot price they should have collaborated at least within North America to regulate production. Blame for the market being flooded is on teh USA. Blame for letting it get this bad (and worse) is on SA & NA's stubborn production levels. There's nothing cool about losing 250k jobs worldwide in energy, but it comes with the territory.

[yeahman]

If they wanted a reliable spot price they should have collaborated at least within North America to regulate production. Blame for the market being flooded is on teh USA. Blame for letting it get this bad (and worse) is on SA & NA's stubborn production levels. There's nothing cool about losing 250k jobs worldwide in energy, but it comes with the territory.

All true, but regardless of whose fault it is, it doesn't change the fact that, despite all the "America's new energy independence" commercials still playing on TV, we are headed back to the days of being at the mercy of OPEC and the Saudis for our oil. Makes you wonder if the U.S. government will get involved in price guarantees or increased subsidies at some point, just to mitigate the national security risk and stabilize the industry. More likely it will stabilize itself at around $60 a barrel within a couple years, after production declines have really taken hold.

[Game Over]

$1.85 regular EUG