With gas prices plunging...

[DavidS]

Who took that deal from your local dealership for $2.99/gallon gas? Gas is being sold in many locations for under $2.99/gallon. Ooops.

 

[RetiredGySgt]

Who took that deal from your local dealership for $2.99/gallon gas? Gas is being sold in many locations for under $2.99/gallon. Ooops.

LOL forgot about that one )

 

[Zoomie1980]

Who took that deal from your local dealership for $2.99/gallon gas? Gas is being sold in many locations for under $2.99/gallon. Ooops.

I wonder where AAA gets it;s numbers? I just paid $2.59 for regular gas today in Iowa but the AAA "average" for Iowa is $3.25? I can't find a station charging within .20 of that for PREMIUM???

 

[editec]

Yesterday regular was 3.10 a gallon at the pumps on US Rt 1. here in Maine.

Bought #2 heating fuel at the same price yesterday morning.

$500 for a half tank!

OUCH!

 

[Charles_Main]

I have been all over the country in the last few weeks, the lowest price I have seen is 249 a gallon and the highest was 339.

Unfortunately for us truck drivers, and everyone really. Diesel is much higher at around 379 a gallon still.

Seeing how all the goods we buy come on trucks this is still driving up the prices of the things we need to live.

This is a clear example of why we need more refineries.

Diesel fuel is a less refined product than Gas. By all rights it should be cheaper than Gas as it takes less work to make.

The problem is the refineries are all at near capacity, and must refine the product with the highest demand first. Since Gas is always in higher demand than Diesel, Diesel is higher.

 

[midcan5]

Who would have thought drilling would work so fast - oh they didn't start yet! LOL Panic thy name is mankind.

 

[Remey688]

Gasoline has hit $2.499 a gallon in Oklahoma City today

 

[Charles_Main]

while I know it is nice to have cheaper gas. It is by no means a good sign. Gas in only coming down, because oil is. And oil is coming down because of the dismal economic out look not just here, but all around the world.

 

[AllieBaba]

I dunno but it makes me want to kick the ass of the nearest oil CEO for nearly killing us for two years with ridiculously high oil prices.

 

[Charles_Main]

If the price of Crud goes down much more, The oil companies might just get their asses kicked by losses, just like that did in the 90's.

Must people do not even realize when Oil was low in the 90's the Oil companies were actually losing money and crying about it.

 

[xsited1]

I paid $2.629/gallon yesterday. It's now down to $2.389. I should have waited.

 

[Angel Heart]

I got gas yesterday for $2.79 a gal.

 

[Remey688]

Gas prices in Oklahoma City dropped a dime per gallon since yesterday. I filled up at 2.399/gal. I'll start spot buying gasoline daily except Sunday (don't want to have to run downtown)

 

[Larkinn]

I dunno but it makes me want to kick the ass of the nearest oil CEO for nearly killing us for two years with ridiculously high oil prices.

But stopping gouging would be socialist

I thought you were for a small percentage of people having all the wealth, anyways?

 

[editec]

Oh, cool now I can buy that SUV!

 

[DavidS]

New Jersey Gas Prices - Find Cheap Gas Prices in New Jersey

Gas for $2.45 at Costco.

Ooops.

[youtube]RY8CpkWJpUE[/youtube]

 

[BaronVonBigmeat]

Welp, I guess this means that the greedy oil companies have suddenly become generous. I mean we all know greed was to blame for the price runup, right? So generosity must be to blame for the opposite.

 

[jreeves]

Welp, I guess this means that the greedy oil companies have suddenly become generous. I mean we all know greed was to blame for the price runup, right? So generosity must be to blame for the opposite.

Don't make too much sense....the libs will rip their hair out

 

[editec]

Welp, I guess this means that the greedy oil companies have suddenly become generous. I mean we all know greed was to blame for the price runup, right? So generosity must be to blame for the opposite.

Yeah, that's how we think it works.

For sure.

 

[Zoomie1980]

Who would have thought drilling would work so fast - oh they didn't start yet! LOL Panic thy name is mankind.

Duh... The market is PSYCHOLOGICALLY based, not directly supply-demand based, so yes, the removal of drilling restrictions added to the psychology of reduced demand due to slowing economies. The fact that REAL world wide demand forecasts has largely been UNCHANGED in the past two years, yet the market went from the low 70's to 150 and now BELOW 70, is proof that real supply-demand has almost NOTHING to do with oil prices. It doesn't have much to do with the value of the dollar, either. It is pure psychology, nothing more.

Same with the stock market. Until things settle down to historical daily average price fluctuations the that market is almost nothing but psychology, actually nothing more than panic psychology.