Gas Prices

[Darlene]

Springfield MO is the capital of cheap gas - Dec. 19 2014
What are gas prices like in your part of the country?
I've seen less than the picture above here in Missouri.

 

[Moonglow]

$1.73 in Springdale, Ark

 

[Mr. H.]

The cheaper it gets, the less I can afford it.

But last year when the dough was really rolling in at $4/gallon, I'd go down to the local station and randomly buy strangers a tank of gas. Now I'm wishing I had that coin in my pocket LOL.

 

[Luddly Neddite]

$1.80 here.

 

[JOSweetHeart]

The cheapest I've been able to get it for so far is $1.94.

God bless you always!!!

Holly

 

[waltky]

Oil companies adjusting to demand for oil...

Oil prices fall on slowing global economic growth outlook
Mon Sep 28, 2015 - Oil prices dropped in Asian trading hours on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices.

China's August industrial profits dropped 8.8 percent from the same month last year, and January to August industry profits were down 1.9 percent. "The growth problem endures. Asia isn't about to bounce," said Frederic Neumann, co-head of Asia Economics Research at HSBC in Hong Kong on Monday in a note to clients. The International Monetary Fund (IMF) is likely to revise downwards its estimates for global economic growth due to slower growth in emerging economies, IMF head Christine Lagarde said in a newspaper interview.

A gas station worker fuels a vehicle in Tokyo

Brent crude futures LCOc1 were at $48.18 per barrel at 2323 EDT, down 42 cents. U.S. West Texas Intermediate (WTI) futures CLc1 were 39 cents lower at $45.31 a barrel. Crude futures are now down more than 10 percent since the end of August. Monday's price falls came despite an ongoing reduction in U.S. drilling activity. U.S. energy companies cut oil rigs for a fourth week in a row last week, a sign continued weak prices were causing oil and gas producers to reduce drilling plans.

Yet analysts said U.S. oil output was holding up despite the lower drilling. "A rapid draw-down of the observed backlog of uncompleted wells could lead to higher production later this year and in 2016," Goldman Sachs said. Analysts said U.S. output data would likely be the main driver this week for oil prices, especially as Chinese trading slows ahead of its seven-day National Day holiday that starts on Oct. 1.

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Shell to cease further exploration in Alaska
Royal Dutch Shell Plc (RDSa.L) said it would cease exploration activity in offshore Alaska for the "foreseeable future" and take a writedown of about $4.1 billion after failing to find enough oil in the region.

The company said it did not find sufficient amounts of oil and gas in the Burger J well, located in the Chukchi Sea about 150 miles from Barrow, to warrant further exploration.

A cyclist rides past a sign showing the prices of gas at a filling station in San Francisco, California

The decision to stop exploration reflects the project's high costs and the unpredictable federal regulatory environment in offshore Alaska along with the Burger J well results, the company said.

Shell said its Alaskan position is valued at about $3 billion with a further $1.1 billion in future contractual commitments.

Shell to cease further exploration in Alaska

 

[WinterBorn]

I paid $2.09 yesterday. I like the cheap gas.

 

[Indofred]

About 70 cents here - suck on that.

 

[guno]

$2.00 a gallon her in NC with the highest gas tax in the south east