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Posted on 10/18/14 at 4:44 pm to deltaland
quote:
Just got gas for 2.56 in Leland
Blame Obama.
Posted on 10/18/14 at 6:12 pm to Tigerwaffe
There are many factors bring the price of oil down. More production, lower demand in Europe and China, but I think one of the biggest reasons is that with the slowing China and European economies and the fact the the FOMC is flooding the mkt with dollars the value of the dollar is increasing. Oil is denominated in $'s so, cheaper oil.
Posted on 10/18/14 at 6:35 pm to deltaland
That's what 4 dolla gas does - gets you loving 2.75 gas.
Posted on 10/18/14 at 6:38 pm to deltaland
2.39 E-85. 
Posted on 10/18/14 at 6:43 pm to deltaland
2.95 is the cheapest in Jefferson County I've seen so far here. Rode up to St. Clair County yesterday and it was 2.75. Fricking taxes and JeffCo.
Posted on 10/18/14 at 9:19 pm to deltaland
Just filled up on the Strip in Tuscaloosa.
2.89 and 9/10
2.89 and 9/10
Posted on 10/19/14 at 1:43 am to AmericusDawg
quote:
2.39 E-85
yep
Posted on 10/19/14 at 3:11 am to bbvdd
Funny thing is this seems to always happen in the weeks leading up to elections.
Posted on 10/19/14 at 7:44 am to deltaland
quote:
Who else is loving these gas prices?
Prices always drop right before major elections
Posted on 10/19/14 at 8:19 am to deltaland
Got gas for 2.69 yesterday
Memphis
Memphis
Posted on 10/19/14 at 10:58 am to KSGamecock
Heaven forbid our oil companies only make a couple billion dollars instead of 5 billion 
You're full of shite if you think American producers are losing money in oil right now. Consumption will increase as the prices drop so as long as oil prices per barrel are higher than the overhead costs to produce a barrel they'll be perfectly fine.
You're full of shite if you think American producers are losing money in oil right now. Consumption will increase as the prices drop so as long as oil prices per barrel are higher than the overhead costs to produce a barrel they'll be perfectly fine.
Posted on 10/19/14 at 1:31 pm to CatFan81
quote:
3.09 in Atlanta.
Got it for 3.03 in Atlanta on my way back to Columbus Friday night.
Posted on 10/19/14 at 1:36 pm to MykTide
Lowest is $3.90 here. Average is $4.02.
Posted on 10/19/14 at 1:39 pm to kywildcatfanone
quote:
I think gas should be no more than $2.50 per gallon
What do you base this on?
Posted on 10/19/14 at 1:54 pm to bbvdd
quote:
cheaper oil.
For us. Not if you have a currency other than the dollar. Not that my American arse is complaining.
Posted on 10/19/14 at 2:01 pm to deltaland
2.95 bruh
Posted on 10/19/14 at 2:38 pm to deltaland
quote:
You're full of shite if you think American producers are losing money in oil right now.
Ten Largest American Oil Companies Summer performances (since June/July 2014)
1. Exxon Mobile: down 15%
2. Chevron: down 18%
3. ConocoPhillips: down 20%
4. Occidental: down 14%
5. EOG: down 17%
6. Phillips 66: down 16%
7. Anadarko: down 17%
8. Apache Petrol: down 27%
9. Valero: down 26%
10. Devon: down 28%
They're hemorrhaging money at the moment. Saudis are playing hardball.
Posted on 10/19/14 at 2:41 pm to KSGamecock
Are those profits or stock performance because the dip in the last week would make the stock numbers look worse than necessarily the truth.
Posted on 10/19/14 at 2:44 pm to Duke
Stock prices which is of course flawed but if you don't think that this is hurting oil companies you're full of shite.
Now whether or not you should care that it's hurting oil companies is a different issue. I'm not saying that we should, I'm just saying that it is hurting them and we'll see it when they release their numbers.
Now whether or not you should care that it's hurting oil companies is a different issue. I'm not saying that we should, I'm just saying that it is hurting them and we'll see it when they release their numbers.
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