panther
Member
The virus craziness is driving us all nuts but at least driving is cheaper right now. I paid $1.69/gal for gas today.
Gas prices
- Thread starter panther
- Start date
- Joined
- Apr 5, 2012
- Messages
- 9,234
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- City & State/Province
- Northern NY-AdirondackMts
The closest station to me (8 miles away at a general store ) is selling regular ethanol grade at just under $3 a gallon. I seriously doubt they have adjusted pump prices since September of last year. I have seen tankers delivering gas and to me It appears they are making a lot on the gas they sell.
Other stations at about a 20 mile distances are selling regular at about 2.50 per.
As for us being we go into the outskirts of the city (35 miles) about once a week we get our gas there as its about $2.25 per. My truck has a large tank and saving 70 or more cents X 20 gallons adds up fast!
Other stations at about a 20 mile distances are selling regular at about 2.50 per.
As for us being we go into the outskirts of the city (35 miles) about once a week we get our gas there as its about $2.25 per. My truck has a large tank and saving 70 or more cents X 20 gallons adds up fast!
Toolguy
Member
We are at 1.85 to 1.99 in the KC area right now. In this day and age anything under $2 a gallon is a bargain.
bigwheelzip
Absent Comrade
1.65 at the Greenville SC Costco.
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Yeah I was reading that just about the same time the coronavirus scare hit, the Saudis started dumping oil on the world market too. Double whammy to the stock market.
Lowers gas prices though.
Lowers gas prices though.
vigil617
US Veteran
Finally the prices come down to bargain levels, and I'm too scared to touch the pump handle to fill up!
VaTom
Member
Russia and the Saudi's are in a you know what match to see who can pump the most. Russia started it about three weeks ago when OPEC of which Russia is a member wanted to cut production to keep prices up. Russia refused, so this past Saturday the Saudi's up their production.Hurting the economy and US production. That is why Trump announced the government would be buying for strategic reserve. Russia is trying to put US shale oil production out of business. Oil down to around $30 a barrell. To be profitable for U.S. Companies to pump it nears to be around $50.
We need gas up at about $2.50/gal for the petroleum companies to make a decent profit and help keep the economy rolling. This is one reason I applaud the President for stocking up the strategic reserves while oil is cheap.
I'm gonna respectfully disagree with $50. Bigger US Shale players can still make small profit at $40 and break even at $35-$30. Smaller players will need to consolidate.
Kingdom subsided their entire country with oil, therefore they need barrel price to be higher unless they cut those subsidies. They don't want to loose market share to Russia or US so they have no choice to keep pumping.
muddocktor
Member
That is a figure I heard when I was working out around Midland for Pioneer Natural Resources. But for any offshore production, the $50/bbl figure is more likely for oil in shelf drilling and production. For the ultra deep water drilling I don't have a clue, but I bet it's higher than 50.
LoboGunLeather
US Veteran
Regular gas is about $2.25 per gallon here in Pueblo, CO now. We are usually about a dime higher than Colorado Springs (40 miles north) and 20 cents or so higher than Denver (100 miles north).
Retired now, so I usually drive less than 100 miles per week and a tank of gas lasts me about a month. Sixteen years ago I was regularly driving 50,000 miles per year and $4.00 per gallon was kicking my hind end all the time (along with oil changes every 3 weeks, tires and a brake job every year, etc). Now I hardly notice the difference, just pull up to the pump and take the punishment of the day.
Retired now, so I usually drive less than 100 miles per week and a tank of gas lasts me about a month. Sixteen years ago I was regularly driving 50,000 miles per year and $4.00 per gallon was kicking my hind end all the time (along with oil changes every 3 weeks, tires and a brake job every year, etc). Now I hardly notice the difference, just pull up to the pump and take the punishment of the day.
Benchrest1
Member
Still getting screwed in SoCal. $3.49 a gallon today.
LVSteve
Member
I want diesel to come down too. I'm looking a bit of a chump right now for buying a Bluetec Mercedes just before Christmas.
These falling gas prices make me look dumb
These falling gas prices make me look dumb
$1.79 in Hillsville, Virginia.
Maddog 521
Member
Oklahoma City is selling gas for $1.25 per gallon.
Best Gas Prices & Local Gas Stations in Oklahoma
Now its down to $1.13
Best Gas Prices & Local Gas Stations in Oklahoma
Now its down to $1.13
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I see a $1.24/gallon at 7-11 in Oklahoma City, I think I'll splurge and buy some premium today
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Saturday I filled up at $1.94/gal.
Sunday afternoon the price at the same station was $1.84.
Sunday afternoon the price at the same station was $1.84.
St0rmshad0w
Banned SCAMMER !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Didn't affect the price basic commodity, gas is also cheap in my area.
$2.29 in SW MT.
IAMSWUTIAMS
Member
It's still over $3 in San Diego.
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Sent from my old rotary phone using Tapatalk [emoji3513]
bigwheelzip
Absent Comrade
Dropped 10 cents a gallon in two days. Now 1.55
Taxes. As in Mass. We're currently around 2.15/gallon, although I've seen lower.
Drop in demand, plus the Russian-Iran-Saudi price war are putting downward pressure on crude prices. The US is a net exporter, although the downward pressure is going to hurt fracking.
Enjoy the low prices while they last. Which will be through the early part of summer.
Drop in demand, plus the Russian-Iran-Saudi price war are putting downward pressure on crude prices. The US is a net exporter, although the downward pressure is going to hurt fracking.
Enjoy the low prices while they last. Which will be through the early part of summer.
coltle6920
Member
Cheap gas and nowhere to go and nothing to buy. 
Since we are all socially distancing I suggest for a GREAT read that y'all down load on yer kindles "The Prize" by Daniel Yergen A great history of the oil industry from, the first "gusher" up on Pennsylvana through the early 2000's.
Another good read is "The Accidental Superpower" a geopolitical explanation of the US's position in the world today.
Both very appropriate reads for this time and place
Another good read is "The Accidental Superpower" a geopolitical explanation of the US's position in the world today.
Both very appropriate reads for this time and place
