Nick
In Remembrance
You never will Hav. Think you guys have the most expensive gas in the states .
Gas going down again
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I will just place this here, because it fits so well with why we pay $3 a gallon.
(BTW, I've never seen this video before. Take a look at Clapton in there. He does a great job!)
(BTW, I've never seen this video before. Take a look at Clapton in there. He does a great job!)
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Nick
In Remembrance
Going to burn it , and send it in with my property tax Which they just raised $157.00 a 1/4.
Nationwide gas average is $1.87 according to CBS.
I found this chart interesting: http://4.bp.blogspot.com/-eHCXoPmBD...0/Chart_Crude+Oil+Prod+&+Imports_AEO+2014.jpg
$1.39 today.
I just paid $2.79 at an Arco Station, which is about the worse gas made.
Nick
In Remembrance
$1.40- $1.60 depending where you get it .
$1.31, just wondering when it will go back up?
It'll go up sooner and much more dramatically than average household income. You can bet your life on that.
I think I just read yesterday that Oslama wants to raise the taxes on oil per barrel that would ad another 20-25 cents per gallon at the pump.
Daris
Daris
He wants to add $10 to a barrel. There are 42 gallons of gas in a barrel. A little over 24 cents a gallon I think. He is nuts.
I wonder if that tax will effect us?
Where would your mate stick the tax on?
At the refinery or before it hits the petrol stations in America
Nick
In Remembrance
Cayman islands.
$1.26. Saw a prediction yesterday that it will get less than a dollar. (except in California)
Went back up here today from 1.39-1.59.
Daris
Daris
$1.26. Saw a prediction yesterday that it will get less than a dollar. (except in California)
$1.99?
It's gotta be messing with the economy in a bad way when it gets this low. Saudi's are hoping it damages or destroys US companies so they can regain the prices they want to see once again. Low is good to a point.
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Still dropping here two lots of 3 cents a litre I think
Cheapest in 10 years or something they reckon
It IS letting the consumer spend their money in other places now, that for a long time went to the oil tycoons. A few years back, I was spending near $200 to fill my tank(diesel). Now it's about $75. There's no doubt that they're still getting all the taxes that they were when the prices were high.
Funny thing though, remember how the prices of so many things went up when the cost of transportation/fuel did? Haven't notice it dropping now that fuel cost have dropped.
Funny thing though, remember how the prices of so many things went up when the cost of transportation/fuel did? Haven't notice it dropping now that fuel cost have dropped.
$1.99?
It's gotta be messing with the economy in a bad way when it gets this low. Saudi's are hoping it damages or destroys US companies so they can regain the prices they want to see once again. Low is good to a point.
There's some price for a barrel of oil that large percentages of U.S. production is not profitable. That price will fluctate over time but U.S. domestic production costs are high because all the low hanging fruit was picked GENERATIONS ago. So those companies dependent on a $50 a barrel price will not survive and theiir lenders are stuck holding the bag. Oil will rise back up above that price fairly soon I expect but there's no hard time frame when that has to happen.
That's not a scheme hatched from Arabia. Look at the price of natual gas, coal, copper, steel, aluminum..........There's these financial manias the world goes through where everyone jumps into the same investments and piles more and more money into those fields until it all collapses upon itself------basically, because even the world runs out of suckers at some point.
All those "investment" manias thrive on the concept of the Bigger Fool. $150 a barrel oil was a MANIA------a BUBBLE. You can get rich buying swamp land in Florida so long as you find a Bigger Fool to buy it from you for more than you initially paid. All through history these bubbles pop. Somebody gets left holding the bag and those victims stand around in disbelef pointing fingers in a ciircular firing squad manner. Kinda funny when you're on the outside looking in.
