Gas prices.

[barnfind]

2.99 in Bismark today

maybe the pipline will help us out
http://www.cnn.com/2014/11/14/politics/house-passes-keystone-pipeline/

 

[MT_Mopar]

Those are average prices. I'm in the yellow 2.84-2.94 but can easily be found for 2.67 here and lowest is 2.63 right now. We should be below 2.50.

If you zoom in to the city level it shows individual gas station prices based on actual purchases.

Find the lowest prices in your area at: Gasbuddy.com

 

[wannadrag]

$2.89 here today

 

[khryslerkid]

Time to get this started again!

$ 2.12 in Hanover Pa. this weekend...

 

[moparmarks]

1.69 here. :headbang:

 

[Moparsmitty]

1.99 here. Be interesting to see where it goes this summer.

 

[hemi#1]

in north Texas it's 1.759/10 God bless Texas!

 

[snakeoil24]

1.59 for Regular today in New jersey. let the Arabs give it away!

 

[wannadrag]

$1.98 here now

 

[conv67bdere]

$2.09 in Charlotte NC - BTW - NC has one of the highest gas taxes in the country.

In SC ( 10 minutes away ) the gas is probably $1.70 +/- . . .

 

[bee71]

We'll be back to high prices as our no good elected officials think that raising the gas tax while prices are low is a good idea.

 

[barnfind]

At these prices, oil stays in the hole and
the whole machine grinds to a halt!

 

[Photon440]

At these prices, oil stays in the hole and
the whole machine grinds to a halt!

I wonder why that would be. In 1997, oil was about $13/barrel and they were still pumping and making money at it.

 

[barnfind]

Not real sure, its the big wheels that make these decisions, I'm hearing $42.00 is the magic number. The drill contracts are being pulled now for 15 and getting stacked out. Its not good as jobs are going away, but its great for us as consumers.

 

[coronet340]

1.99 here. Be interesting to see where it goes this summer.

With all the taxes, refining costs, and transportation cost, it most likely won't go below $1.60 (depending on the area).

All I know is I'm getting nervous. I'd rather y'all pay $5 a gallon and me have a job to go in the morning.

- - - Updated - - -

Not real sure, its the big wheels that make these decisions, I'm hearing $42.00 is the magic number. The drill contracts are being pulled now for 15 and getting stacked out. Its not good as jobs are going away, but its great for us as consumers.

How is your company looking? We have laid of a few office people, and they are looking for reasons to get rid of people.

 

[barnfind]

We used to go thru this EVERY winter when things slowed down. Fortunately I'm working elsewhere now, Hauling crude, slow but steady. I've heard every hole creates 250 jobs, its not looking good!

 

[Coyoteduster]

I wonder why that would be. In 1997, oil was about $13/barrel and they were still pumping and making money at it.

That was 1997 and I assume that you mean in Canada. The break-even figure today in the U.S is approximately $35/barrel with a built in return rate of 15%. If you back out the profit, that would make the average total cost including lifting, finding, and upstream expenses of about $29.75/barrel to produce a barrel of crude. I think we will be fine as long as the price stays above $40/barrel, however if it stays that low for an extended period of time there will be other economic consequences. This is a temporary pissing match that really only hurts a hand full of states whose tax revenue is oil dependent. The rest of you can enjoy it while it lasts. :bom:

 

[barnfind]

It'll be interesting w Saudi and Russia in bed together.
Last I checked oil was at $47.15 per barrel

 

[Photon440]

That was 1997 and I assume that you mean in Canada. The break-even figure today in the U.S is approximately $35/barrel with a built in return rate of 15%. If you back out the profit, that would make the average total cost including lifting, finding, and upstream expenses of about $29.75/barrel to produce a barrel of crude. I think we will be fine as long as the price stays above $40/barrel, however if it stays that low for an extended period of time there will be other economic consequences. This is a temporary pissing match that really only hurts a hand full of states whose tax revenue is oil dependent. The rest of you can enjoy it while it lasts. :bom:

I meant the USA. Yes, it was 1997, but almost all of the 90's were under the $20 mark. Take inflation into account and still mid 20s. I just wondered why they've become less efficient. They certainly weren't crying the blues with those prices.

http://inflationdata.com/inflation/inflation_Rate/Historical_Oil_Prices_Table.asp

 

[mmissile]

Paid $1.79 today.