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Posted: 6/22/2017 9:26:20 AM EDT
[#1]
Quote HistoryQuoted:
Berkeley https://www.AR15.Com/media/mediaFiles/459941/IMG-1319-236148.JPG |
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Posted: 6/22/2017 9:28:38 AM EDT
[#2]
$2.28 gallon in NE Iowa
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Posted: 6/22/2017 9:29:51 AM EDT
[#3]
I saw under $2.00 in Durham yesterday.
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Posted: 6/22/2017 9:31:57 AM EDT
[#4]
$1.89 in Houston
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Posted: 6/22/2017 9:33:33 AM EDT
[#5]
Quoted:
Hahaha, fuck Russia and all the Putin dick lickers. This leads to a balance of power shift, and it doesn't take long. They can all deal oil in gold and move away from the US, its Federal Reserve, and the grip is has on the rest of the world through its silly non-gold backed reserve currency that it prints into oblivion. That is part of why the propaganda machine in the US is increasingly pointing towards Russia and China. The Petrodollar system is a shaky and lopsided "agreement." Thankfully the shale revolution took place in America. At least when the Petrodollar system weakens and eventually falls, we have it under our feet. It's a difference between higher prices (less bad) and unobtanium. |
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Posted: 6/22/2017 9:33:42 AM EDT
[#6]
Quote HistoryQuoted:
That is a result of taxes. 
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Posted: 6/22/2017 9:55:04 AM EDT
[#7]
Quote HistoryQuoted:
Lowest whole sale cost to me for tomorrow is $1.335 So... Add freight and tax. You're still well under $2 at the pump. Retail is making a killing. And that's not even contact pricing. Subtract an extra 5-10 cents for contract buys E-85 was $1.221 
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Posted: 6/22/2017 10:06:11 AM EDT
[#8]
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Posted: 6/22/2017 10:08:40 AM EDT
[#9]
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Posted: 6/22/2017 10:09:59 AM EDT
[#10]
Quote HistoryQuoted:
$2.52/gallon of regular here in Salt Lake City. Nothing like this $2/gal I'm hearing about elsewhere. 
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Posted: 6/22/2017 10:11:38 AM EDT
[#11]
This time last year I was filing up for $1.60ish. This morning it was $2.35.
Calling bullshit on this. |
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Posted: 6/22/2017 10:16:49 AM EDT
[#12]
Yesterday I saw $2.17, $2.15 and $1.97
I was in a hurry or I would have filled up on $1.97 |
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Posted: 6/22/2017 10:20:37 AM EDT
[#13]
Quote HistoryQuoted:
Just went up almost 30 cents/gal overnight here. |
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Posted: 6/22/2017 10:24:45 AM EDT
[#14]
$1.92 this morning in the DFW area.
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Posted: 6/22/2017 10:27:29 AM EDT
[#15]
I don't really notice the price until it starts creeping up on $4. As it stands right now, I expect a tank of premium gas in the Mustang to run ~$40. A few bucks more or less doesn't really register on my radar.
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Posted: 6/22/2017 10:31:47 AM EDT
[#16]
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Posted: 6/22/2017 10:33:23 AM EDT
[#17]
Pump prices aren't dropping around here.
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Posted: 6/22/2017 10:34:26 AM EDT
[#18]
Quote History |
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Posted: 6/22/2017 10:35:41 AM EDT
[#19]
Quote History
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Posted: 6/22/2017 10:38:41 AM EDT
[#20]
Taken last night, admittedly at one of the more expensive stations near me (San Diego area)
$4.00 a gallon by end of summer no doubt.  Attached File |
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Posted: 6/22/2017 11:29:51 AM EDT
[#21]
Quote HistoryQuoted:
$2.00 here Texas gulf coast.....more Bro-dozers to hit the market soon...LOL
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Posted: 6/22/2017 12:41:54 PM EDT
[#22]
Quote HistoryQuoted:
But when is 100LL coming down? 
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Posted: 6/22/2017 12:47:22 PM EDT
[#23]
Quote HistoryQuoted:
Lowest whole sale cost to me for tomorrow is $1.335 So... Add freight and tax. You're still well under $2 at the pump. Retail is making a killing. And that's not even contact pricing. Subtract an extra 5-10 cents for contract buys If you're buying gas wholesale ar $1.35...I'd buy all of it. 
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Posted: 6/22/2017 12:55:04 PM EDT
[#24]
Quote HistoryQuoted:
You are looking at only part of the equation. Lower oil prices mean more $s in consumers's hands because of lower gas/diesel and electric costs, lower costs on all goods in commerce because of lower transport costs, lower production costs for US companies because of lower feul/electric costs. The economy soared under Reagan, when the Saudis opened the valves. US oil and gas took a hard hit but the national economy took off. Without a strong domestic energy sector, we are at the whim of those we depend on to supply us. Sort of brings domestic energy into the realm of national security in my mind. |
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Posted: 6/22/2017 12:58:48 PM EDT
[#25]
Quote HistoryQuoted:
The thing about a Global Economy, it that fucks us too. CHK stock down 7% to 52 week lows, on a company that is the second largest NG producer in North America...one that was at $15 24 months ago and is now at about $4. Same with the rest of the oil and gas sector. Those are Americans who are losing jobs, wells getting capped, royalties not being paid to land owners, trucking companies not moving trucks/cargo, drillers who are selling rigs for scrap, banks who are not lending, money not moving...economy not growing. Cheap gas is cool...but cheap to the point that millions of American jobs are lost...not cool at all. The Saudis set out to bankrupt the US oil/gas sector. They flooded the market. They almost did it...and it was turning around for the US. Now...it looks like they are going to win after all. Remember this one thing- The Saudis have land companies formed to buy bankrupt US oil companies at pennies on the dollar. They have already purchased the largest US oil refinery. They own more than a million acres and have mineral rights to much more, across the SW US. Cheap gas only hurts them temporarily. It can hurt us far longer if US businesses go bankrupt. Quote HistoryQuoted:
Quoted:
http://money.cnn.com/2017/06/21/news/economy/low-gas-prices/index.html The recent drop in the cost of oil has been a happy surprise for drivers, who are enjoying the cheapest gas prices at the start of summer in 12 years.Oil prices have dipped into bear market territory and gasoline prices have followed, falling every day since June 2, according to AAA. The average price nationally for a gallon of regular is now $2.28, down 10 cents since the start of the month.
And the outlook for the rest of the month is good: Wholesale gas prices suggest that prices drivers pay will keep falling, and this weekend could bring the cheapest prices so far in 2017, said Tom Kloza, chief oil analyst for the Oil Price Information Service, which tracks pump prices for AAA. "There's a lot of oil out there right now, and that oil is being turned into gasoline," said Kloza. The start of summer is typically not a time for cheap gas, because people drive more and demand for gasoline goes up. In addition, gas stations are required to sell a special type of gas, known as the summer blend, that creates less smog -- but also pushing prices slightly higher.Kloza said for the first time this century, prices at the pump could be cheaper over the July 4 holiday weekend than during the previous Christmas and New Year. The thing about a Global Economy, it that fucks us too. CHK stock down 7% to 52 week lows, on a company that is the second largest NG producer in North America...one that was at $15 24 months ago and is now at about $4. Same with the rest of the oil and gas sector. Those are Americans who are losing jobs, wells getting capped, royalties not being paid to land owners, trucking companies not moving trucks/cargo, drillers who are selling rigs for scrap, banks who are not lending, money not moving...economy not growing. Cheap gas is cool...but cheap to the point that millions of American jobs are lost...not cool at all. The Saudis set out to bankrupt the US oil/gas sector. They flooded the market. They almost did it...and it was turning around for the US. Now...it looks like they are going to win after all. Remember this one thing- The Saudis have land companies formed to buy bankrupt US oil companies at pennies on the dollar. They have already purchased the largest US oil refinery. They own more than a million acres and have mineral rights to much more, across the SW US. Cheap gas only hurts them temporarily. It can hurt us far longer if US businesses go bankrupt. Force me to pick a pocket for my dollar....my pocket or some bro in TX? I'll leave the dollar in my pocket every time. |
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Posted: 6/22/2017 1:00:58 PM EDT
[#26]
Quote HistoryQuoted:
Taken last night, admittedly at one of the more expensive stations near me (San Diego area) $4.00 a gallon by end of summer no doubt. https://www.AR15.Com/media/mediaFiles/107869/IMG-0654-236366.JPG 
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Posted: 6/22/2017 1:01:42 PM EDT
[#27]
Quote HistoryQuoted:
$1.75ish in the okc area
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Posted: 6/22/2017 1:15:05 PM EDT
[#28]
Quote HistoryQuoted:
Over $3.00 a gallon here in CA. Going up another $.15 a gallon via increased taxes soon too. Roads are still for shit |
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Posted: 6/22/2017 1:54:44 PM EDT
[#29]
Drop baby drop. I'll dance a jig if it hits $2 at the gas dock. $634 fill-ups are painful.
 Attached File |
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Posted: 6/22/2017 2:58:22 PM EDT
[#30]
Just jumped like 35 cents a gallon around here yesterday.
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Posted: 6/22/2017 2:58:31 PM EDT
[#31]
$2.19 in Central FL
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Posted: 6/22/2017 4:32:12 PM EDT
[#32]
Quote HistoryQuoted:
The millions of people who rely on the oil/gas industry...are consumers. Our oil is exported. Our economy relies on that continous export. We refine foreign nasty crude. We export clean, easy to refine crude. If those exports stop...our economy stops. Big picture. |
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Posted: 6/22/2017 11:34:00 PM EDT
[#33]
Quote HistoryQuoted:
There was a huge gasoline bubble that I believe helped create the 2008 fiasco. Now you're crying jobs, profits, royalties??? With customers in the oil business, I'm losing money as well because of low oil price, but there was way too much greed in the business not too long ago, creating ridiculous prices at the pump and putting a big dent in people's budgets. Quote HistoryQuoted:
Quoted:
The thing about a Global Economy, it that fucks us too. CHK stock down 7% to 52 week lows, on a company that is the second largest NG producer in North America...one that was at $15 24 months ago and is now at about $4. Same with the rest of the oil and gas sector. Those are Americans who are losing jobs, wells getting capped, royalties not being paid to land owners, trucking companies not moving trucks/cargo, drillers who are selling rigs for scrap, banks who are not lending, money not moving...economy not growing. Cheap gas is cool...but cheap to the point that millions of American jobs are lost...not cool at all. The Saudis set out to bankrupt the US oil/gas sector. They flooded the market. They almost did it...and it was turning around for the US. Now...it looks like they are going to win after all. Remember this one thing- The Saudis have land companies formed to buy bankrupt US oil companies at pennies on the dollar. They have already purchased the largest US oil refinery. They own more than a million acres and have mineral rights to much more, across the SW US. Cheap gas only hurts them temporarily. It can hurt us far longer if US businesses go bankrupt. With customers in the oil business, I'm losing money as well because of low oil price, but there was way too much greed in the business not too long ago, creating ridiculous prices at the pump and putting a big dent in people's budgets. Reality today is very different. The majority of mid level producers are losing money every day. They are spending $50 a barrel to produce and being paid $45. Those companies have more debt than assets. Their only hope is to pump the oil and sell it...which they can't do with prices below $60. Now what? They go Bankrupt...LINE did...BTU (Coal) did...SSE- Gone....and on and on. If that wave of bankruptcies keeps up, it will collapse the US Economy. The assets are toxic. CHK literally paid a company to take over a lease...as in paid millions of dollars just to get rid of thousands of acres of wells. They couldn't afford to pump it as they lost $$ on every barrel. What happens if several trillion dollars worth or companies and their assets file bankruptcy? These companies are leveraged badly...some with 2-3X their actual value in debt. Banks loan more money because they can't afford to accept bankruptcy. What happened the last time that happened...in about 2008...in a housing bubble... That is the disaster we face if we don't get oil leveled out. |
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Posted: 6/22/2017 11:46:07 PM EDT
[#34]
Quote HistoryQuoted:
Lol. We didn't export oil for like 40 years. I think our economy was still going during those 40 years. The ban was lifted in 2015. Quote HistoryQuoted:
Quoted:
The millions of people who rely on the oil/gas industry...are consumers. Our oil is exported. Our economy relies on that continous export. We refine foreign nasty crude. We export clean, easy to refine crude. If those exports stop...our economy stops. Big picture. US Refineries are set up to process products that produce a larger volume of second order chemicals (byproducts turned into plastics, other oils, lubricants, food grade items, etc.). Oil doesn't just become gasoline. It becomes tens of thousands of things. US refineries take very "dirty" crude, tar sands, oil from South America, and so on...and we refine it into those products which enable everything from IT to Medicine. US oil is shipped abroad (not all of it). Their refining capability is not where ours is and they produce far fewer second order products. The oil market is truly global. The gas in your car likely started in South America or Canada. The gas in a car in France likely started in TX. |
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Posted: 6/22/2017 11:47:16 PM EDT
[#35]
Quote HistoryQuoted:
Lol. We didn't export oil for like 40 years. I think our economy was still going during those 40 years. The ban was lifted in 2015. Quote HistoryQuoted:
Quoted:
The millions of people who rely on the oil/gas industry...are consumers. Our oil is exported. Our economy relies on that continous export. We refine foreign nasty crude. We export clean, easy to refine crude. If those exports stop...our economy stops. Big picture. |
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Posted: 6/23/2017 5:55:54 AM EDT
[#36]
this is the last 12 fillups on my car that cover July 2016 through June 2017
I only need to fill-up once a month,,, this is for Premium ,lop off about 20 cents for the Reg price Salt lake city area. seems to have jumped up a bit this month . 
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Posted: 6/23/2017 5:58:28 AM EDT
[#37]
Quote HistoryQuoted:
Just went up almost 30 cents/gal overnight here. |
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Posted: 6/23/2017 6:06:18 AM EDT
[#38]
Quote HistoryQuoted:
Over $3.00 a gallon here in CA. Going up another $.15 a gallon via increased taxes soon too. Roads are still for shit |
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Posted: 6/23/2017 7:40:26 AM EDT
[#39]
Quote HistoryQuoted:
Years ago... Reality today is very different. The majority of mid level producers are losing money every day. They are spending $50 a barrel to produce and being paid $45. Those companies have more debt than assets. Their only hope is to pump the oil and sell it...which they can't do with prices below $60. Now what? They go Bankrupt...LINE did...BTU (Coal) did...SSE- Gone....and on and on. If that wave of bankruptcies keeps up, it will collapse the US Economy. The assets are toxic. CHK literally paid a company to take over a lease...as in paid millions of dollars just to get rid of thousands of acres of wells. They couldn't afford to pump it as they lost $ on every barrel. What happens if several trillion dollars worth or companies and their assets file bankruptcy? These companies are leveraged badly...some with 2-3X their actual value in debt. Banks loan more money because they can't afford to accept bankruptcy. What happened the last time that happened...in about 2008...in a housing bubble... That is the disaster we face if we don't get oil leveled out. |
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Posted: 6/23/2017 8:00:13 AM EDT
[#40]
Quote HistoryQuoted:
They want to pass a gas tax. Easier to get it when gas is below $2 gallon vs $4 a gallon during the Obama years.
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Posted: 6/23/2017 8:04:22 AM EDT
[#41]
$2.19 for diesel
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Posted: 6/23/2017 8:10:34 AM EDT
[#42]
Just moved from CA to KS. I'm paying nearly a whole dollar less per gallon.
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Posted: 6/23/2017 8:21:05 AM EDT
[#43]
Quote HistoryQuoted:
Screen name is fitting for this post. So oil companies are too big to fail? We should all take it on the chin or they'll make us take it on the chin anyway? If production cost is higher than market value, then you either find a way to lower your production cost or you go bust. Raising the cost of fuel by 30% for everyone doesn't seem like the best way to address the problem. Quote HistoryQuoted:
Quoted:
Years ago... Reality today is very different. The majority of mid level producers are losing money every day. They are spending $50 a barrel to produce and being paid $45. Those companies have more debt than assets. Their only hope is to pump the oil and sell it...which they can't do with prices below $60. Now what? They go Bankrupt...LINE did...BTU (Coal) did...SSE- Gone....and on and on. If that wave of bankruptcies keeps up, it will collapse the US Economy. The assets are toxic. CHK literally paid a company to take over a lease...as in paid millions of dollars just to get rid of thousands of acres of wells. They couldn't afford to pump it as they lost $ on every barrel. What happens if several trillion dollars worth or companies and their assets file bankruptcy? These companies are leveraged badly...some with 2-3X their actual value in debt. Banks loan more money because they can't afford to accept bankruptcy. What happened the last time that happened...in about 2008...in a housing bubble... That is the disaster we face if we don't get oil leveled out. The oil market is badly out of balance. $60 a barrel is average minimum for long term stability with about an 8% margin for profit and growth. |
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Posted: 6/23/2017 8:22:36 AM EDT
[#44]
Went up 19 cents/gallon yesterday around here (Flint area)
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Posted: 6/23/2017 8:40:34 AM EDT
[#45]
1.98 in Brandon yesterday. Of course premium was 2.48 but I'll take it.
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Posted: 6/23/2017 8:46:59 AM EDT
[#46]
I haven't paid the slightest attention to the price of gas in ~2 years, go be poor somewhere else.
(Actually, due to some fortuitous changes, I'm driving a <2 mile round trip commute, and don't have to drive 3+ hour each way to see a long distance girlfriend anymore. I bet I'm down to driving less than 4k a year now, spread between enough cars that I barely notice filling up) |
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Posted: 6/23/2017 8:48:08 AM EDT
[#47]
My regular station hasn't dropped their prices a penny in weeks. The same company in the next village over is 30 cents a gallon cheaper
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Posted: 6/23/2017 8:52:42 AM EDT
[#48]
Yea I paid 2.45 for 87 on weds
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Posted: 6/23/2017 8:56:33 AM EDT
[#49]
Quote HistoryQuoted:
Balanced markets prosper. The oil market is badly out of balance. $60 a barrel is average minimum for long term stability with about an 8% margin for profit and growth. |
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Posted: 6/23/2017 9:09:29 AM EDT
[#50]
$1.99 In my end of VA. Does appear to be dropping.
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