2.29 in IA

Sounds like a great idea Raider.

I think Raider is starting to wear off on him. I for one am sacred. He is only a 4-5 hour drive from were I live. While Raider is a days drive.

 

Gas in my neck of the woods. Is around 2.59.

I think Raider is starting to wear off on him. I for one am sacred. He is only a 4-5 hour drive from were I live. While Raider is a days drive.

 

Gas in my neck of the woods. Is around 2.59.

 The blast from 20,000 gal of fuel shouldn't cause much damage to your northwoods home. Maybe knock a walleye mount off the wall. eh? or shake up a few brewskis. eh? Just put on your foam cheese hat and you'll be fine. eh?

Sounds like a great idea Raider.

Are you insulting me or Raider?

Are you insulting me or Raider?

Both?

 The blast from 20,000 gal of fuel shouldn't cause much damage to your northwoods home. Maybe knock a walleye mount off the wall. eh? or shake up a few brewskis. eh? Just put on your foam cheese hat and you'll be fine. eh?

Its not the explosion I am worried about.

Time to bury a couple of 10,000gal tanks under the garage. I'll fill them now and when gas is $5 a gal, I'll sell it at $4.50 and make a killing. 

 

The last time I looked into one of these for a client, the cost for the tank was almost $6 per/gallon.  You may want to leave it in the tank until the price hits $9.00+

 

 The blast from 20,000 gal of fuel shouldn't cause much damage to your northwoods home. Maybe knock a walleye mount off the wall. eh? or shake up a few brewskis. eh? Just put on your foam cheese hat and you'll be fine. eh?

 

And UST's only blow up in movies.

CNN is reporting unleaded gasoline has dropped below $2 per gallon in 13 states:

 

Data from price tracker GasBuddy.com shows that three states -- Oklahoma, Louisiana and Ohio -- have at least one station each selling regular gas for less than $1.90 a gallon. Cheap gas is most frequently found at stations in Oklahoma, which was the first state to break the $2 a gallon mark on Dec. 3.

Another ten states -- Alabama, Arizona, Colorado, Indiana, Mississippi, Missouri, Nebraska, New Mexico, Texas and Virginia -- also have gas for less than $2.

 

Crude oil appears to be headed to $40 per barrel.

 

 

 

What I don't get is by me there are two stations 3 miles from each other both owned by the same company both are crosbys. One has gas for 2.99 the other 2.79

2.59 here in southern NH

What I don't get is by me there are two stations 3 miles from each other both owned by the same company both are crosbys. One has gas for 2.99 the other 2.79

 

My guess is one recently got a new shipment of gas in and the other is still running off of what they had "in stock". 

Well, sometimes pricing has nothing to do with cost. I have a Shell and Exxon a few

blocks away that are always high by 20 cents or so. This is jokingly referred to as a

"safety premium". However, both are currently maintaining a 40 cent premium. I like

doing business in the neighborhood, but I am not willing to pay a $10 premium to fill

my tank.

 

The cheapest gas in the Memphis area is $2.09.

 

 

 

Now $2.27 in Cincinnati.

Hootie

WTI  $55.68

2.29 gardner ks.

3.35 diesel

WTI  $55.68

 

It's a rather old story, but if the costs shown are accurate then we should a dramatic slowing of drilling and production here in the states.

 

http://www.businessinsider.com/crude-oil-cost-of-production-2014-5

 

Can't imagine the oil companies paying $65 p/barrel to "frack" shale deposits and lose $9 per.

It's a rather old story, but if the costs shown are accurate then we should a dramatic slowing of drilling and production here in the states.

 

http://www.businessinsider.com/crude-oil-cost-of-production-2014-5

 

Can't imagine the oil companies paying $65 p/barrel to "frack" shale deposits and lose $9 per.

Heard an analyst on CNBC this morning, his number was 50 then upward to maybe $75, Mark Mobius thinks 90.   At $65 they are already losing money.  Even though the Saudis drill at $27, according to the above site, they have enjoyed very large profits in the past, I don't think they really want to give that up for too long.

After Friday's Wall Street carnage of -315, we are down again today.   With the futures at over a 100 points before market open losses may be trimmed some at close, not optimistic but hopeful.   There was a buy rating on some energy stocks this morning, Exxon for one.

If be willing to bet that the cheapest states have a single formula. NY is a boutique gas state, formulas vary by town, county, hamlet, street number, lol.

Delta Sonic was $3.01 when I filled up yesterday.

Wow...I'm really trying to work up a tear for the Saudis and Big Oil.

We have been getting "drilled" for forty years.  To hell with OPEC,

let's get the Keystone Pipeline online and contol the market.

 

 

 

Wow...I'm really trying to work up a tear for the Saudis and Big Oil.

We have been getting "drilled" for forty years. To hell with OPEC,

let's get the Keystone Pipeline online and contol the market.

absolutely

Wow...I'm really trying to work up a tear for the Saudis and Big Oil.

We have been getting "drilled" for forty years. To hell with OPEC,

let's get the Keystone Pipeline online and contol the market.

The key point to understand is that the Saudis are lowering their prices and taking less of a profit for a reason..the reason is that they want to crush the competitors..in this case its American companies drilling and fracking here in America. The same strategy big box stores use to put mom and pops out of business.

Still north of $3.00 in Chicago

Wow...I'm really trying to work up a tear for the Saudis and Big Oil.

We have been getting "drilled" for forty years.  To hell with OPEC,

let's get the Keystone Pipeline online and contol the market.

 

The Keystone pipeline already exists, the program is to extend it to Houston.  The expansion creates 42,000 jobs for 2 years, when fully operational it will take only 50 people to run it.  This is not American oil but Canadian oil that gets sold on the world market, we buy more oil from Canada than from any other country.  One positive is the chance of less railroad tanker spills, which already has taken lives.  Oil prices are coming down not from extracting oil from sand tar or shale, it's from countries like Saudi Arabia that can pull it out of the ground cheaper.  The price will come back up when it gets unprofitable for some companies to complete, reduced supply will increase the price.  Oil is vital to the Saudis, their economists are educated at Cambridge, Oxford and Harvard, they ain't stupid, they know exactly what they are doing.

 

For the short term this a boon to us consumers and the economy.  Down the road we may see a change in Fed. monetary policy, increased interest rates, world currency markets.  This issue is highly complex, more than just the pump price and way too much for me to comprehend the entire picture.

I'll be filling up today at $2.50.

WTI $53.80

 

-$2.11

 

 

 

$2.64 here in Western Md. Was $3.39 so I'm okay with it.