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re: Gas will be above $3 before February ends

Posted on 1/21/21 at 3:54 pm to
Posted by jchamil
Member since Nov 2009
16548 posts
Posted on 1/21/21 at 3:54 pm to
quote:

Despite the bitching, Obama presided over a very lucrative O&G time period.


Lucrative for those working in O&G or lucrative for the rest of us paying for gas at the pump?
Posted by go ta hell ole miss
Member since Jan 2007
13661 posts
Posted on 1/21/21 at 5:06 pm to
quote:

Lucrative for those working in O&G or lucrative for the rest of us paying for gas at the pump?


If gas is .50 higher per gallon the average person will spend less than $400 extra dollars per year on gas. It’s not insignificant, but it’s not going to be a “lucrative” windfall for most if gas prices stay where they are. It’s much more psychological for some reason, likely because there are such wide fluctuations in price.
This post was edited on 1/21/21 at 5:07 pm
Posted by slackster
Houston
Member since Mar 2009
85136 posts
Posted on 1/21/21 at 5:40 pm to
quote:

Lucrative for those working in O&G or lucrative for the rest of us paying for gas at the pump?




Lucrative for O&G, like I said.

I can't recall a thread where I've had to clarify so many statements that were clear as day originally.
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