Started By
Message
Who else is loving these gas prices?
Posted on 10/18/14 at 1:25 pm
Posted on 10/18/14 at 1:25 pm
Just got gas for 2.56 in Leland
Posted on 10/18/14 at 1:27 pm to deltaland
Production in the USA going up, driving oil prices way down.
We decided we couldnt control the middle east so we made our own. lol
We decided we couldnt control the middle east so we made our own. lol
Posted on 10/18/14 at 1:30 pm to Ishmael
It's also due to a poor economic outlook in Europe (the Dow is dropping because of this too) and Libya is back to full production on oil and is in a price war with Saudi
Posted on 10/18/14 at 1:33 pm to deltaland
Yeah feels like we're approaching a crash. I was in Spain recently and unemployment there was around 25% and it showed.
Posted on 10/18/14 at 1:35 pm to deltaland
They still keep it jacked up here over $3. I think it was $3.25 when I was driving home last night. We'll probably never see under $3 with colder weather moving in.
Posted on 10/18/14 at 1:44 pm to Ishmael
quote:
Production in the USA going up, driving oil prices way down. We decided we couldnt control the middle east so we made our own. lol
Saudi fricking with the supply is the biggest factor.
And frick these oil prices
Posted on 10/18/14 at 1:45 pm to CatFan81
quote:
3.09 in Atlanta.
Mark this one off under the "Atlanta Sucks" category.
Posted on 10/18/14 at 1:49 pm to deltaland
3.27
NY
NY
This post was edited on 10/18/14 at 1:51 pm
Posted on 10/18/14 at 1:57 pm to CatFan81
quote:
3.09 in Atlanta.
Shut up catfan
Posted on 10/18/14 at 2:01 pm to deltaland
2.80 here last I checked.
Posted on 10/18/14 at 2:16 pm to Ishmael
quote:
Production in the USA going up, driving oil prices way down.
Thanks Obama.
Posted on 10/18/14 at 2:21 pm to DCRebel
quote:
Thanks Obama.
Lol, no
Posted on 10/18/14 at 2:23 pm to Vols&Shaft83
fricking knew you'd bite on that one. lel
And, to be fair, Obama gets a fair amount of criticism from the environmental left for the increased oil production in the US, but... :kermit:
And, to be fair, Obama gets a fair amount of criticism from the environmental left for the increased oil production in the US, but... :kermit:
Posted on 10/18/14 at 2:28 pm to WeBleedCrimson
quote:
3.27
NY
Try 3.78 in NY
Posted on 10/18/14 at 3:45 pm to WeBleedCrimson
quote:
3.27
NY
$3.27 for regular here in Nevada too.
Posted on 10/18/14 at 3:52 pm to deltaland
That great feeling you get as you pull up to the station and see $2.56...that's the feeling of the Saudis increasing/maintaining output in order to strangle/kill American Oil Production.
Think about that.
The Saudis and their fellow oil producing Arab allies, the Iranians, Russians and Americans are embracing the bear market in oil like four drunks playing chicken by racing each other toward a cliff by not slowing production...but they'll win because they're robust enough to take the hit...our producers aren't.
Think about that.
quote:
Saudi Arabia increased September output 0.5 percent to 9.65 million barrels a day, according to data compiled by Bloomberg. The Organization of Petroleum Exporting Countries pumped 30.9 million barrels a day, the most in a year. Saudi Arabia, Iraq and Iran are offering the biggest discounts to crude buyers in Asia since at least 2009.
“The Saudis are trying to protect their patch in Asia,” Daniel Hynes, senior commodity strategist at Australia and New Zealand Banking Group Ltd., said by phone from Sydney Oct. 15.
With new drilling technologies pushing U.S. output to the highest in 28 years, the International Energy Agency predicted the U.S. would pass Saudi Arabia to become the world’s top producer by 2015.
The Saudis and their fellow oil producing Arab allies, the Iranians, Russians and Americans are embracing the bear market in oil like four drunks playing chicken by racing each other toward a cliff by not slowing production...but they'll win because they're robust enough to take the hit...our producers aren't.
This post was edited on 10/18/14 at 4:03 pm
Posted on 10/18/14 at 4:28 pm to deltaland
I'll start loving it when it gets below $2
Popular
Back to top
Follow SECRant for SEC Football News