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Gas Prices
Posted on 8/26/24 at 6:58 pm
Posted on 8/26/24 at 6:58 pm
Just paid 2.65. Think of all the idiots that doesn’t see what is going on.
Posted on 8/26/24 at 7:08 pm to SouthlakeTiger
“Biden and Harris are lowering gas prices so I’m voting for Harris.” -idiot
Posted on 8/26/24 at 7:09 pm to SouthlakeTiger
I just paid $3.79/gallon
Posted on 8/26/24 at 7:10 pm to SouthlakeTiger
Also our producers are overproducing at a time the world economy is slowing. They never learn
Posted on 8/26/24 at 7:32 pm to SouthlakeTiger
3.39 in my area (northern Ohio)
It was 2.64-2.89 in Kentucky and Tennessee when I was there last week
It was 2.64-2.89 in Kentucky and Tennessee when I was there last week
Posted on 8/26/24 at 7:34 pm to CatsGoneWild
It's been hovering around $3.00/gallon here in Western Arkansas since 2022, varies about 10 cents a gallon from week to week.
Posted on 8/26/24 at 7:37 pm to SouthlakeTiger
$3/gallon in KC, was a little over $2/gallon when Trump left office after the rigged 2020 GE.
Posted on 8/26/24 at 7:40 pm to Bass Tiger
Traveling in Detroit. $4.64/ga near the rental car return. $3.29/ga a block away
Posted on 8/26/24 at 7:43 pm to SouthlakeTiger
Exploration and development take years. The Biden-Harris misadministration has plagued new development. What is producing now has nothing to do with their policies. They have loosened the reins for a few months for the election.
Posted on 8/26/24 at 8:30 pm to Lynxrufus2012
2020… we had avg of 250 rigs running
We now have avg 650 rigs running..
Economics not politics
Pretty much opened rest of gom two lease sales ago..
We now have avg 650 rigs running..
Economics not politics
Pretty much opened rest of gom two lease sales ago..
Posted on 8/26/24 at 8:45 pm to SouthlakeTiger
Where ? I run into low 3’s around Covington
Posted on 8/26/24 at 8:47 pm to FLTech
quote:
I just paid $3.79/gallon
I just today filled up for $2.52….in Cen Tex.
This post was edited on 8/26/24 at 8:49 pm
Posted on 8/26/24 at 8:57 pm to SouthlakeTiger
Would be a really funny thing if they run the price down and Trump gets to refill the SPR cheap for an early political win for Team USA and Vance’s future.
Posted on 8/26/24 at 9:01 pm to SouthlakeTiger
quote:What is going on?
what is going on.
You're probably one of the ones constantly insisting the economy is terrible - in which case weak demand would lead to lower oil prices and then lower gasoline prices. When you actually get a taste of such, now it's a conspiracy the OTHER direction.
Posted on 8/26/24 at 9:03 pm to SouthlakeTiger
Told the gf this today, although part of it is supply about to loosen up as summer driving season ends and winter blend gas can be sold (September 15).
The Dims lapdogs will publish headlines touting Kamabla for taking swift action to control prices.
The Dims lapdogs will publish headlines touting Kamabla for taking swift action to control prices.
Posted on 8/26/24 at 9:04 pm to Big Scrub TX
Yep, demand is recession level, prices will drop, cause people are cutting back on everything
Posted on 8/26/24 at 9:07 pm to Sidicous
quote:Vance doesn't have a political future. He's too weird.
Trump gets to refill the SPR cheap for an early political win for Team USA and Vance’s future.
Posted on 8/26/24 at 9:12 pm to texridder
Middle east tensions will make it go up in a hurry
Posted on 8/26/24 at 9:12 pm to burke985
Sure did…and we had rigs stacked everywhere.. us independents going out of business… down to 250 rigs active…
So why was gasoline prices at the pump the lowest price at the same time we had the fewest rigs active..
Saudis flooding market to drive us independents out of business.. it worked .. they drove the price of barrel of oil the companies got from 95ish down to mid 40…
Oil companies breakeven for resource plays are around 50-60 dollars a barrel so they stopped drilling and closed doors..
Oil back up and us companies making money and international companies and govt happy with profits..
We have this thread a lot….
Global economics not politics.
Also us at peak oil output in history..
Exploration in Gulf of Mexico takes ten years from discovery to production..
Onshore resource play take months and the bulk of the production is captured within 18 months so
Economics ( global). Drive the business..
So why was gasoline prices at the pump the lowest price at the same time we had the fewest rigs active..
Saudis flooding market to drive us independents out of business.. it worked .. they drove the price of barrel of oil the companies got from 95ish down to mid 40…
Oil companies breakeven for resource plays are around 50-60 dollars a barrel so they stopped drilling and closed doors..
Oil back up and us companies making money and international companies and govt happy with profits..
We have this thread a lot….
Global economics not politics.
Also us at peak oil output in history..
Exploration in Gulf of Mexico takes ten years from discovery to production..
Onshore resource play take months and the bulk of the production is captured within 18 months so
Economics ( global). Drive the business..
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