Local issues impact prices at the pump. Weather, maintenance, delivery or a host of other problems

may explain the higher prices you are seeing. However, the cost of crude continues to slide and pump

prices should be trending down for everyone.

1.84 in NE Kansas this morning

Depending on where you buy it in Cincinnati, some are the same, some went up .10-.20 cents.

Hootie

We are stronger and our enemies weaker.

Right on, best comment on the thread, OPEC started this to put us out of supplying oil. Never bite the hand that feeds (and defends) you.

Dropped like a rock today. $2.59 in Chicago and I just paid $1.99 in the burbs

Overview from Bloomberg

 

http://www.bloomberg.com/news/2015-01-07/oil-at-40-means-boon-for-some-no-ice-cream-for-others.html

 

We are stronger and our enemies weaker.

 

Just the ebb and flow of business.  Saudis are doing nothing different than a Home Depot selling goods cheaper than a local hardware store, how many Mom & Pop stores are left.  The list of big box companies putting price pressure on small stores is never ending.  Many American corporations make many products off shore simply because there is more profit.  Economics is the driving force, civic responsibility regarding the labor force is not.

 

It appears to me anyway the strength lays with the Saudis, they can afford to pump and sell oil cheaper than most other countries.  They have deep pockets and can sell a product everyone needs at a cheaper price, that's pretty strong.  As with all commodities prices will always rise and fall, in the end it's supply and demand. 

Lake Wales, FL:  $2.20

 

Roger

Having spent most of my career in the oil industry, I can say with a fair degree of certainty, that a prolonged gross reduction in the price of oil will have an adverse impact on the industry as a whole.  If the oil companies cannot make a profit at the current prices, then wholesale cost reductions will occur, which means the loss of tens of thousands of jobs.  Many of you are too young to remember the carnage that took place in the eighties when the same events that we are experiencing today occured.  Many cars in Houston, which was, and still is, the oil capital of the U.S., were sporting a bumper sticker which read "Will the last person leaving Houston please turn off the lights."  I hate to think that it might happen again.

2.75 today in wny. I'll swing by the rez after drill Sunday to fill up where it's tax free and watered down lol. They are usually 30-50 cents cheaper depending which one you go to.

Friday, January 9, 2014

COSTCO in Chesterfield County, Virginia (outside Richmond)

$175.9

And the lines were four and five cars deep.

Long Mike, it could happen again.

The Fracking industry may go bust before long, there is talk about oil as low as 10 a barrel.. However, these cheap prices will NOT last, if they make it thru summer I will be surprised. Folks get spoiled easy... It's going to be a quick rise(cost) as well. Texas, yup, they are going to crash. Again... Bubbles always burst...at any rate enjoy it while it last...

enjoy it while it lasts...

 

Just installed a 5000-gallon tank, the gas truck is coming tomorrow   

Just installed a 5000-gallon tank, the gas truck is coming tomorrow

Sounds right, my Grandfather had a few smaller tanks he bought during the oil embargo, well, I guess thru out the 70's whereby he could ensure that he had fuel. It wasn't exactly a cost saving measure, but a convenience or perhaps to ensure he and extended family could access fuel. Geez, I remember stations out of fuel, with delivery, days away.. Tough times!

RoLo, above ground tank?

Free-fall?

 

WTI  $45.62

 

Memphis area pump prices $1.69-$1.76

 

 

 

$1.79 in Gardner, KS yesterday. Cost me $40 for just over 3/4 of a tank in my truck.

Starting to go back up around here. It may have bottomed out, but I sure hope not. When it comes to being in highschool, I have a very limited budget, and would like to not have to blow it all on gas. I don't think the everyday American enjoys paying top dollar for it either. 

$1.85 in Aiken, SC on Saturday Jan 10

$1.75 today in Dallas.

Lake Wales, FL:  $2.11 

 

Roger

Oil dropped about 4.7% yesterday and another volatile day on Wall Street.  Until there is some stability in the price of oil, there will be market jitters.  

On the bright side, the bass were on fire yesterday.

WTI $44.20

2.71 in Albion NY it's right between buffalo and Rochester. Cheapest I've seen yet.....

Geez...It's tough living in New York.