Gas Prices Are Falling FAST

[ARCHIVED THREAD] - Gas Prices Are Falling FAST (Page 1 of 3)

Posted: 6/21/2017 10:58:30 PM EDT

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.

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Hahaha, fuck Russia and all the Putin dick lickers.

Posted: 6/21/2017 10:59:55 PM EDT

[#1]

oil is below $45/bbl

Posted: 6/21/2017 10:59:58 PM EDT

[#2]

Just went up almost 30 cents/gal overnight here.

Posted: 6/21/2017 11:01:03 PM EDT

[#3]

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.

Posted: 6/21/2017 11:02:09 PM EDT

[#4]

Plenty of oil tankers whose holds are filled and nowhere to unload their cargo. No demand.

Posted: 6/21/2017 11:02:36 PM EDT

[#5]

Over $3.00 a gallon here in CA.
Going up another $.15 a gallon via increased taxes soon too.
Roads are still for shit

Posted: 6/21/2017 11:04:43 PM EDT

[#6]

$2.52/gallon of regular here in Salt Lake City. Nothing like this $2/gal I'm hearing about elsewhere.

Posted: 6/21/2017 11:07:11 PM EDT

[#7]

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

Posted: 6/21/2017 11:10:59 PM EDT

[#8]

Dropped 20 cents since last week

$2 gallon is nice with my 46mpg daily driver Civic

Posted: 6/21/2017 11:12:05 PM EDT

[#9]

Paid $1.78 last weekend.

Yet diesel is still $2.20-2.30

Posted: 6/21/2017 11:13:15 PM EDT

[#10]

Quote History

Quoted:
Paid $1.78 last weekend.

Yet diesel is still $2.20-2.30

View Quote

1.396 for diesel, whole sale.

Add tax and freight accordingly.

Diesel by nature of taxes us more expensive by about 10 cents.

Posted: 6/21/2017 11:14:20 PM EDT

[#11]

1.89 in Harker Heights TX earlier today.

Posted: 6/21/2017 11:15:24 PM EDT

[#12]

$1.75ish in the okc area

Posted: 6/21/2017 11:16:29 PM EDT

[#13]

$1.88 in NW Arkansas yesterday.

Posted: 6/21/2017 11:17:26 PM EDT

[#14]

Thanks Obama

Posted: 6/21/2017 11:22:07 PM EDT

[#15]

Berkeley

Attached File

Posted: 6/21/2017 11:22:28 PM EDT

[#16]

Anywhere from $1.869 to $1.999 east of Birmingham.

Posted: 6/21/2017 11:24:35 PM EDT

[#17]

Wow still 2.30 here.... haven't seen much change.....

Posted: 6/21/2017 11:24:59 PM EDT

[#18]

$1.99 for a gallon of 87 octane in Central VA.

Posted: 6/21/2017 11:27:56 PM EDT

[#19]

Quote History

Quoted:
Over $3.00 a gallon here in CA.
Going up another $.15 a gallon via increased taxes soon too.
Roads are still for shit

View Quote

And all self inflicted wounds by the voters.

Posted: 6/21/2017 11:29:51 PM EDT

[#20]

$2.25 in town here, down from $2.31. Paid $2.12 in Appleton on Sunday though.

Posted: 6/21/2017 11:33:34 PM EDT

[#21]

It's $2.90 in Western Washington

Posted: 6/21/2017 11:36:38 PM EDT

[#22]

$2.00 here Texas gulf coast.....more Bro-dozers to hit the market soon...LOL

Posted: 6/21/2017 11:40:31 PM EDT

[#23]

$1.72 this morning.

Posted: 6/21/2017 11:43:41 PM EDT

[#24]

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.

View Quote

Hahaha, fuck Russia and all the Putin dick lickers.

View Quote

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.

Posted: 6/21/2017 11:56:45 PM EDT

[#25]

Quote History

Quoted:
And all self inflicted wounds by the voters.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

Quoted:
Over $3.00 a gallon here in CA.
Going up another $.15 a gallon via increased taxes soon too.
Roads are still for shit

And all self inflicted wounds by the voters.

Yea, and those taxes ain't going to the roads.

Posted: 6/22/2017 12:00:27 AM EDT

[#26]

Come to PA and tell me gas prices are going down

Posted: 6/22/2017 12:05:12 AM EDT

[#27]

Quote History

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.

View Quote

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.

Posted: 6/22/2017 12:30:23 AM EDT

[#28]

Quote History

Quoted:
Over $3.00 a gallon here in CA.
Going up another $.15 a gallon via increased taxes soon too.
Roads are still for shit

View Quote

1.92 in Lima, Ohio

Posted: 6/22/2017 12:35:14 AM EDT

[#29]

2.73 here in WA

Posted: 6/22/2017 12:49:51 AM EDT

[#30]

Georgia raised the hell out of gas taxes the last time gas went low.

Posted: 6/22/2017 12:50:18 AM EDT

[#31]

Last couple times my truck has been gassed up is when my dad borrowed it. I honestly cannot remember the last time I personally pumped gas in my truck.

I walk everywhere.

Posted: 6/22/2017 12:59:59 AM EDT

[#32]

Shit, not here in Phoenix!! Damn gas went UP to ~$2.25/ gal while the rest of the country was falling!! It's been there for over a month!! Only in the last week or so did Costco go from $2.13 to $2.09 for regular. I've seen premium at $2.65!

I'm pretty sure that Commiefornia is somehow screwing us in the ass because I think the nearest refineries are there.

Posted: 6/22/2017 1:16:39 AM EDT

[#33]

Still $6 a gal up here.

Posted: 6/22/2017 1:22:26 AM EDT

[#34]

TRUMP DID THIS!!!!

Posted: 6/22/2017 1:24:11 AM EDT

[#35]

Quote History

Quoted:
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.

View Quote View All Quotes

View All Quotes

Quote History

Quoted:

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.

We now need

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.

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.

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.

Posted: 6/22/2017 1:32:18 AM EDT

[#36]

Posted: 6/22/2017 1:33:26 AM EDT

[#37]

Your too late..it was $1.83 here then jumped to $2.28 two days ago.

Posted: 6/22/2017 1:39:42 AM EDT

[#38]

Two bucks even today here!

Posted: 6/22/2017 1:48:49 AM EDT

[#39]

Cheapest in Las Vegas, NV yesterday was $2.32 per gallon.

Posted: 6/22/2017 1:51:04 AM EDT

[#40]

Quote History

Quoted:
It's $2.90 in Western Washington

View Quote

yeah well theres like 2 dollars of taxes here/

Posted: 6/22/2017 1:54:57 AM EDT

[#41]

Yeah well, hasn't happened in Orygun

Posted: 6/22/2017 2:03:06 AM EDT

[#42]

It usually goes up in the summer months.

Posted: 6/22/2017 2:07:13 AM EDT

[#43]

As long as yall don't get upset when I'm trying to high-five you at the pump when it's $5/gal, then alright, alright, alright

Posted: 6/22/2017 2:08:33 AM EDT

[#44]

But when is 100LL coming down?

Posted: 6/22/2017 8:47:30 AM EDT

[#45]

Quote History

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.

View Quote

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.