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Started By
Message
re: National Gasoline Average drops for Fourth Straight Week
Posted on 12/22/25 at 11:38 am to ragincajun03
Posted on 12/22/25 at 11:38 am to ragincajun03
For the downvoters, everything you buy uses gasoline to get to you.
1
Posted on 12/22/25 at 12:16 pm to dgnx6
Bunch of Neanderthal Louisianians in here. They depend on oilfields and crawfish to sustain themselves.
Posted on 12/22/25 at 12:22 pm to TBoy
quote:
Price will continue to drop as the world oil market gets flooded with middle eastern oil.
The saudis have tried this approach before, but failed, they have too many princes and citizens on the dole. Also if they don't pay off the extremist mullahs those guys will revolt, PLUS they have to buy tons of weapons from the US to appease Trump and not just Trump really but all US presidents.
TLDR Their budget doesn't allow for hyper-cheap crude.
This post was edited on 12/22/25 at 2:17 pm
Posted on 12/22/25 at 12:26 pm to 844_Tiger
quote:
The saudis have tried this approach before, but failed, they have too many princes and citizens on the dole. Also if they don't pay off the extremist mullahs those guys will revolt, PLUS they have to buy tons of weapons from the US to appease Trump and not just Trump really but all US presidents.
TLDR Their budget doesn't allow for hyper-cheap crude.
With the new king, it isn't the same saudi arabia. Many of the extremists have been cleaned out. Maybe this time things turn out the same but it could be different.
Posted on 12/22/25 at 12:34 pm to notsince98
The Saudis and OPEC+ see a boom on the horizon, oe at least that is what they are posturing for publically.
I do think with all the political movement with Russia something is about to break on the supply side. Futures had crashed pretty hard indicating a lot of oil may be on the market soon.
I do think with all the political movement with Russia something is about to break on the supply side. Futures had crashed pretty hard indicating a lot of oil may be on the market soon.
Posted on 12/22/25 at 12:34 pm to 844_Tiger
Just wait until we free Venezuelan production with the overthrow of Maduro. Gas will be under $1
Posted on 12/22/25 at 1:29 pm to 844_Tiger
quote:
Texas and New Mexico alone produce enough oil for the vast majority of the US.
The U.S. consumes about 20 Million bbls/day. TX and NM produce about 7.5 to 8 MM bbls/day. So no, those two states alone don’t produce enough for the vast majority of the U.S.
Posted on 12/22/25 at 1:32 pm to PinevilleTiger
quote:
Gas will be under $1
Not without another pandemic shutting down demand, but if gasoline did get under $1 average in the U.S., that would mean oil so dirt cheap that drilling onshore and offshore U.S. would come to a damn near screeching halt. Drilling would be done merely to preserve leases, and other than that, rigs would be stacked sitting idle.
Posted on 12/22/25 at 1:45 pm to ragincajun03
$2.19 yesterday in Charleston SC.
Posted on 12/22/25 at 1:55 pm to BHTiger
quote:
$2.19 yesterday in Charleston SC.
Which station?
Posted on 12/22/25 at 1:56 pm to SM6
quote:Recent layoffs across the plants in Lake Charles concern me
I really hope this is truly supply driven and not demand driven.
Posted on 12/22/25 at 2:16 pm to ragincajun03
quote:
The U.S. consumes about 20 Million bbls/day. TX and NM produce about 7.5 to 8 MM bbls/day. So no, those two states alone don’t produce enough for the vast majority of the U.S.
I stand corrected
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