Geo-TH,In
Well-known Member
The cheapest in Terre Haute is $2.71. Some are still in the $2.91 range.
Good news about prices in 2015
Good news about prices in 2015
- Thread starter Geo-TH,In
- Start date
Hobo,NC
Well-known Member
- Location
- Sanford, NC
It will free up money for other things...
. Market forces that produced $4,gal. Can do it again.
Any turmoil in Mideast will produce jitters an cause price to be raised for oil companies "protection". Terrorism, political crisis, social unrest, military surprises etc.and etc. Are all that's needed. Some big.name economist will discover an error in some report, refinery will have an accidental fire, or Teamsters somewhere threaten to strike and prides will be raised.
Around here gasoline is under $3.,gal, but Diesel is almost
$4./gal. If crude oil is down, why is diesel same or higher?
.
Any turmoil in Mideast will produce jitters an cause price to be raised for oil companies "protection". Terrorism, political crisis, social unrest, military surprises etc.and etc. Are all that's needed. Some big.name economist will discover an error in some report, refinery will have an accidental fire, or Teamsters somewhere threaten to strike and prides will be raised.
Around here gasoline is under $3.,gal, but Diesel is almost
$4./gal. If crude oil is down, why is diesel same or higher?
.
John in Mich
Well-known Member
- Location
- Ypsilanti, Michigan
Most consumer products are moved by truck. Fuel producers know fuel cost will be added to anything trucked to market. Yup, we get bit again.
I've seen it around me down in the $3.27 range, with diesel running at $3.44.
What you never see anybody mention about the prices going up in the beginning is that until Katrina hit, prices were much lower. The prices went up following the storm, and pretty much stayed there, As a result of the storm, and price gouging, fuel prices went through the roof.....and folks still paid for it.....So, why not keep charging what the public will pay and make the most profits you can.......When your questioned, use the old 'supply and demand' argument that lets you blame everything on a storm, plant breakdown, global supply, and/or a host of other possible causes, instead of calling it what it is, corporate greed.......
What you never see anybody mention about the prices going up in the beginning is that until Katrina hit, prices were much lower. The prices went up following the storm, and pretty much stayed there, As a result of the storm, and price gouging, fuel prices went through the roof.....and folks still paid for it.....So, why not keep charging what the public will pay and make the most profits you can.......When your questioned, use the old 'supply and demand' argument that lets you blame everything on a storm, plant breakdown, global supply, and/or a host of other possible causes, instead of calling it what it is, corporate greed.......
MarkB_MI
Well-known Member
- Location
- Motown USA
It wasn't that long ago we thought three dollar gas was expensive.
Right now, the Saudis are dumping a lot of crude on the US market, presumably to put a damper on the our domestic oil exploration. Good news for consumers, not so good news if your employment is related to the US oil industry.
WSJ Saudis cut oil prices
Right now, the Saudis are dumping a lot of crude on the US market, presumably to put a damper on the our domestic oil exploration. Good news for consumers, not so good news if your employment is related to the US oil industry.
WSJ Saudis cut oil prices
Russ from MN
Well-known Member
- Location
- Bemidji MN
You can buy gas here for 2.669, last week I paid 3.649 for winter off road diesel, WTF!
Traditional Farmer
Well-known Member
- Location
- Virginia
I paid 2.52 yesterday but then again our road tax on fuel is less than most states.
jimg.allentown
Well-known Member
Are you implying that somehow an election influences fuel prices??? Sorry if I cannot see the connection. Also cannot see how fuel price can influence an election .
buickanddeere
Well-known Member
For the little bit of oil the U.S. imports from the Middle East the difference could be made up by closing all drive through service. A little more domestic production and more Argntina and Canadian imports.
It's Europe, China and India that are concerned about Middle East production.
550Doug
Member
- Location
- Southern Ontario
Can it be POLITICAL???
Here is part of an article I read recently:
Saudi Arabia plans to sell oil cheap for political reasons, one analyst says.
To pressure Iran to limit its nuclear program, and to change Russia's position on Syria, Riyadh will sell oil below the average spot price at $50 to $60 per barrel in the Asian markets and North America, says Rashid Abanmy, President of the Riyadh-based Saudi Arabia Oil Policies and Strategic Expectations Center. The marked decrease in the price of oil in the last three months, to $92 from $115 per barrel, was caused by Saudi Arabia, according to Abanmy.
With oil demand declining, the ostensible reason for the price drop is to attract new clients, Abanmy said, [b:e5ccbad587]but the real reason is political. Saudi Arabia wants to get Iran to limit its nuclear energy expansion, and to make Russia change its position of support for the Assad Regime in Syria. Both countries depend heavily on petroleum exports for revenue, and a lower oil price means less money coming in, Abanmy pointed out. The Gulf states will be less affected by the price drop, he added.[/b:e5ccbad587]
buickanddeere
Well-known Member
$4.88 US per us gallon here last night for 87 octane. Diesel 9 cents more.
dr sportster
Well-known Member
Yes but did you ever try to get air in a tire lately? Our "service stations" are failing us .
Dave Sherburne NY
Well-known Member
$3.33 here in town Valero 12miles south in Norwich yesterday $.12 a gallon cheaper same brand same owner
DaninKansas
Member
Its still a world market and a world commodity. US Soybeans jump in price when Brazil has a bad crop and we don't import them either.
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