Super User HoosierHawgs Posted December 9, 2015 Super User Posted December 9, 2015 Looks to me like domestic oil has gotten a little lean and mean and is starting to go blow for blow with foreign oil and guys like the Saudis are stuck because they don't want to raise prices because that would help out countries like Iran that the Saudis don't like. So this might not be an awful thing after all. Quote
Siebert Outdoors Posted December 9, 2015 Posted December 9, 2015 I filled up for 1.65 yesterday. Thats the cheapest I've seen in awhile. Quote
BassResource.com Administrator Glenn Posted December 9, 2015 BassResource.com Administrator Posted December 9, 2015 Prices continue to hover around $2.30/gal in my area. Been that way since summer. 1 Quote
Super User HoosierHawgs Posted December 9, 2015 Super User Posted December 9, 2015 Prices continue to hover around $2.30/gal in my area. Been that way since summer.$1.80 around here. Quote
Caliyak Posted December 10, 2015 Posted December 10, 2015 1.85!? Wow, I might never see that number. Good ole Cali!!! Quote
mrmacwvu1 Posted December 10, 2015 Posted December 10, 2015 This truly is a slippery slope. People tend to think that we are in the import business when it comes to oil. However we export more oil that any other country. I have friends whose sons just graduated from one of the most prestigious petroleum engineering schools in the country at the top of their class and they can't find jobs. I was an oil and gas attorney and saw the writing on the wall 4 years ago and got out of it. Many of my buddies gave up lucrative private practices to go to work for the oil industry. They are now regretting their decisions. Quote
Super User roadwarrior Posted December 10, 2015 Author Super User Posted December 10, 2015 More downward pressure: http://www.bloomberg.com/news/articles/2015-12-10/opec-says-crude-production-rose-to-three-year-high-in-november WTI $36.12 Quote
Super User roadwarrior Posted December 11, 2015 Author Super User Posted December 11, 2015 New low...$35.35 Local prices for unleaded regular are stuck at $1.67. Quote
68camaro Posted December 11, 2015 Posted December 11, 2015 This truly is a slippery slope. People tend to think that we are in the import business when it comes to oil. However we export more oil that any other country. I have friends whose sons just graduated from one of the most prestigious petroleum engineering schools in the country at the top of their class and they can't find jobs. I was an oil and gas attorney and saw the writing on the wall 4 years ago and got out of it. Many of my buddies gave up lucrative private practices to go to work for the oil industry. They are now regretting their decisions. This was my point earlier, there are winners and losers. On macro level we are still seeing if positive for economy, but gas savings are being eaten up by higher rents, food prices, taxes, obamacare costs etc....... The story is far from over. Quote
Super User roadwarrior Posted December 11, 2015 Author Super User Posted December 11, 2015 $20 a barrel? http://www.foxbusiness.com/markets/2015/12/11/crude-oil-holds-at-7-yr-lows-on-global-glut/?intcmp=bigtopmarketfeatures Quote
Super User roadwarrior Posted December 14, 2015 Author Super User Posted December 14, 2015 New low: $34.67 1 Quote
clh121787 Posted December 15, 2015 Posted December 15, 2015 This truly is a slippery slope. People tend to think that we are in the import business when it comes to oil. However we export more oil that any other country. I have friends whose sons just graduated from one of the most prestigious petroleum engineering schools in the country at the top of their class and they can't find jobs. I was an oil and gas attorney and saw the writing on the wall 4 years ago and got out of it. Many of my buddies gave up lucrative private practices to go to work for the oil industry. They are now regretting their decisions. I don't know where you're getting your information from but the U.S. certainly isn't among the top exporters of crude. Not only that we have been under an oil export ban since the 70's. I'm not an expert on the matter. But I believe you are giving false information.http://m.washingtontimes.com/news/2015/oct/11/obama-stands-firm-against-lifting-us-oil-export-ba/?page=all Quote
Super User deaknh03 Posted December 16, 2015 Super User Posted December 16, 2015 I don't know where you're getting your information from but the U.S. certainly isn't among the top exporters of crude. Not only that we have been under an oil export ban since the 70's. I'm not an expert on the matter. But I believe you are giving false information.http://m.washingtontimes.com/news/2015/oct/11/obama-stands-firm-against-lifting-us-oil-export-ba/?page=all Your correct..I think the ban is ending literally as we speak. Quote
Super User HoosierHawgs Posted December 16, 2015 Super User Posted December 16, 2015 Your correct..I think the ban is ending literally as we speak.It should be. We'll see what happens when it gets to the OO. Quote
Super User roadwarrior Posted December 16, 2015 Author Super User Posted December 16, 2015 WTI $35.71 this morning. http://www.foxbusiness.com/markets/2015/12/16/oil-falls-on-us-supply-build/?intcmp=fnhpfbc Quote
Super User roadwarrior Posted December 18, 2015 Author Super User Posted December 18, 2015 $34.41 this morning http://www.bloomberg.com/news/articles/2015-12-17/oil-set-for-third-weekly-loss-as-supply-glut-seen-relentless Quote
Super User roadwarrior Posted December 21, 2015 Author Super User Posted December 21, 2015 WTI $33.98 Locally we are still sitting at $1.65 for regular unleaded. http://www.foxbusiness.com/personal-finance/2015/12/21/nationwide-gas-prices-drop-below-2-gallon-milestone/?intcmp=fnhpfbc 1 Quote
Super User HoosierHawgs Posted December 21, 2015 Super User Posted December 21, 2015 Same here. Quote
Super User ww2farmer Posted December 21, 2015 Super User Posted December 21, 2015 I wish gas was $12 a gallon..............at least from May-Sept. Might keep the wake boarders and jet ski idiots at bay. Quote
Global Moderator Bluebasser86 Posted December 22, 2015 Global Moderator Posted December 22, 2015 14 hours ago, ww2farmer said: I wish gas was $12 a gallon..............at least from May-Sept. Might keep the wake boarders and jet ski idiots at bay. Most of them around here have more money than sense anyways. I doubt it would slow down the stupidity much if it all. Quote
Super User HoosierHawgs Posted December 22, 2015 Super User Posted December 22, 2015 Gas jumped 30 cents a gallon here. Assuming its due to Christmas travel. Quote
Super User F14A-B Posted December 22, 2015 Super User Posted December 22, 2015 Just filled up @ .. 1.95 In town, it's about .20 a gallon cheaper. Safe travels everyone.. 1 Quote
Super User roadwarrior Posted January 6, 2016 Author Super User Posted January 6, 2016 The rout resumes: WTI $33.93 Quote
Super User HoosierHawgs Posted January 6, 2016 Super User Posted January 6, 2016 Filled my tank for $1.68/gal. Cost me less than 20 bones to fill the tank 2 Quote
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