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Fuel Price report...
- Thread starter Bob Denman
- Start date
ARtraveler
R.I.P. Dwayne
$2.88 last time I looked for lowball price.
$2.65 with my FredMeyer bonus points last fill.
$2.65 with my FredMeyer bonus points last fill.
Orange Spyder Man
New member
filled up my F150 today at Sam's club 10444 N Mall Dr near Siegen Ln Baton Rouge, La... price for regular was $1.65/gal..
osm
osm
IGETAROUND
Active member
Just filled up today @ 1.90/gal in Kalamazoo
Frank G
New member
For the last week it bounces between $1.84 to as high as $2.29, Toledo OH area. If this keeps up the local economies will "BOOM" across America and wherever you live. This is like giving every family an extra 20 to 40 after tax dollars to spend every week on something other than energy. About time the working man got a break!
jcthorne
Well-known member
The storm is blowing full gale in Houston. Many folks spending the holidays with no current employment future as a result of this. Many layoffs in the last few weeks and many more to come. Enjoy your few dollars savings when you fill up. Just remember the cost is the many now unemployed folks.
SPECTACUALR SPIDERMAN
New member
$2.65 for exxon today
Bob Denman
New member
I realize that the euphoria may be short-lived... :shocked:
"The game is afoot..."
Saudi Arabia is probably trying to quash alternative fuel sources, and everybody else, is just along for the ride.
"The game is afoot..."
Saudi Arabia is probably trying to quash alternative fuel sources, and everybody else, is just along for the ride.
bruiser
New member
Anything we "consume" comes with risk. Commodities or futures, as any trader will tell you, is highly volatile. It all rests with speculators and hedgers. They control the pricing. Crude right now, is not a hot commodity. Explanations of why this is are long and involve hundreds of factors. It's unfortunate that people are loosing their jobs over the current drop in pricing. What is an advantage to some is a disadvantage for others. But the loss of those jobs should not be blamed on us, the consumer. Rather it should be blamed on the traders and the producers. For many years now, the oil companies have been flush with ultra high profits while we, the consumer, have had to pay the high price for their products.
spacetiger
New member
Hopefully some of the $'s will be saved to ease the swing going the other way. The longer this goes, the greater likely hood several of the world crude produces go under. When that happens, the price will swing.
You out should be reducing your carbon footprint now while cost savings are down driving prices down. Don,t go out and but a big gas guzzler unless it is a toy.
jerry
ThreeWheels
Active member
I saw $2.57 at a gas station near me.
It was $3.05 less than a month ago.
It's true that some people may lose their jobs due to the low cost of gas, but I think the overall benefit outweighs their hardship.
Remember, it was the high cost of fuel that drove people out of their houses in 2008. Yes, I know these people were also primarily sub-prime mortgage clients.
We always say that the consumer drives the economy. When the consumer has more money to spend, then there is more economic activity in other areas.
Instead of an economic pendulum, this price decline is driven by far more oil produced in this country (despite the governments best efforts to the contrary).
I am not convinced we will see high gas prices again. Now that the infrastructure for fracking has been built, the producers will be able to weather lower costs.
That's my opinion. I could be wrong, and I'm sure there will be many here to tell me so.
It was $3.05 less than a month ago.
It's true that some people may lose their jobs due to the low cost of gas, but I think the overall benefit outweighs their hardship.
Remember, it was the high cost of fuel that drove people out of their houses in 2008. Yes, I know these people were also primarily sub-prime mortgage clients.
We always say that the consumer drives the economy. When the consumer has more money to spend, then there is more economic activity in other areas.
Instead of an economic pendulum, this price decline is driven by far more oil produced in this country (despite the governments best efforts to the contrary).
I am not convinced we will see high gas prices again. Now that the infrastructure for fracking has been built, the producers will be able to weather lower costs.
That's my opinion. I could be wrong, and I'm sure there will be many here to tell me so.
ARtraveler
R.I.P. Dwayne
Yes, the lower gasoline prices are a boon for some who have been paying through the nose the last five years or so.
Our state is financed by oil revenues and federal dollars. No state income tax, just oil royalties per barrel, based on current price. Our state income is down 50% and the new governor is scrambling to make big budget cuts that were not anticipated a year ago.
It is going to be an interesting year for sure. :yikes:
Our state is financed by oil revenues and federal dollars. No state income tax, just oil royalties per barrel, based on current price. Our state income is down 50% and the new governor is scrambling to make big budget cuts that were not anticipated a year ago.
It is going to be an interesting year for sure. :yikes:
Gray Ghost
New member
The increased production in the US is putting pressure on OPEC. Strategically speaking their only hope of keeping at the top of the field is to keep the price per barrel low enough that the producers here will have to close down wells because they don't have the financial reserves to continue operating at a loss. The big companies will survive, but there are a lot of small fry out there that will not be able to keep their doors open if this continues past a certain point. I like low gas prices as much as the next guy, but when production slows down as companies start capping wells, prices will go back up.
Bfromla
Well-known member
Yes very important and of course we are near end of year so corporate has to make something dramatic for next yr. vicious cycle &where is the hybrid spider?!
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MarkLawson
RT-S PE#0031
No doubt it will put some good folks out of work, but it will also impact those who depend on the high cost of oil to receive funding to continue their terror organizations. Also, consider the cost of energy as an impact on every aspect of our daily lives, from the cost of food to electricity. Cheap energy creates jobs and is one of the reasons the United States has enjoyed 100+ years of leadership in the world economy.
jcthorne
Well-known member
Cheap energy overall HURTS the US economy. The US is one of the largest energy producers in the world. Combined with our neighbors Canada and Mexico, larger than OPEC.
Whatever damage its doing to the US economy, its doing far worse to Russia. If the tide does not turn in the next year, there will be political unrest that will directly effect US.
The lower price of energy will curtail capitol investment across the energy spectrum, not just oil. The resultant loss of jobs is more than the few gained by higher consumption of other items energy costs influence.
Loss of energy jobs will effect most other industries in the long run as demand drops with the reduction of high paying professional positions.
As I said, enjoy your few dollars savings at the pump. Think what would happen to your job if the product your company derives revenue from were price cut in half tomorrow.
Whatever damage its doing to the US economy, its doing far worse to Russia. If the tide does not turn in the next year, there will be political unrest that will directly effect US.
The lower price of energy will curtail capitol investment across the energy spectrum, not just oil. The resultant loss of jobs is more than the few gained by higher consumption of other items energy costs influence.
Loss of energy jobs will effect most other industries in the long run as demand drops with the reduction of high paying professional positions.
As I said, enjoy your few dollars savings at the pump. Think what would happen to your job if the product your company derives revenue from were price cut in half tomorrow.
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