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Started By
Message
Oil at 19 dollars a barrel
Posted on 3/20/20 at 5:05 pm
Posted on 3/20/20 at 5:05 pm
Yikes. That’s insanely low
15
Posted on 3/20/20 at 5:07 pm to deltaland
Gas to follow in a few weeks. Maybe.
Posted on 3/20/20 at 5:08 pm to deltaland
Wow. My royalty check will be in the pennies.
Posted on 3/20/20 at 5:08 pm to deltaland
Damn my potna who works offshore ain't gon be able to afford his 84 month lease on his brand new fully loaded F250
Posted on 3/20/20 at 5:08 pm to deltaland
I want to say around 2015 or so it got low. Anyone recall when the last time it was sub $20?
Posted on 3/20/20 at 5:09 pm to Bottom9
That's why I went for 96 month to keep my payment low.
Posted on 3/20/20 at 5:09 pm to deltaland
Yeah. I’m way more concerned about this than the virus.
Posted on 3/20/20 at 5:09 pm to deltaland
“WHATEVER IT TAKES TO FLATTEN THE CURVE! STAY HOME AND SOCIAL DISTANCE!”
WaPo: “Group of teens start babysitting service for parents whose kids are out of school.”
“OMG I LOVE THIS SO MUCH!”
WaPo: “Group of teens start babysitting service for parents whose kids are out of school.”
“OMG I LOVE THIS SO MUCH!”
Posted on 3/20/20 at 5:09 pm to deltaland
I'll take 2,000 barrels please.
Posted on 3/20/20 at 5:10 pm to deltaland
Hopefully it goes up past 100 soon, I’m tryna get paid on these oil stocks
Posted on 3/20/20 at 5:12 pm to Paul Allen
2016 and it only got to $26. Don’t think it’s been this low since 2002
Posted on 3/20/20 at 5:12 pm to PrivatePublic
Gas prices are already there...the gas stations are just screwing everyone.
Posted on 3/20/20 at 5:13 pm to deltaland
Jody better watch his step with all the baws being home now.
Posted on 3/20/20 at 5:14 pm to Paul Allen
quote:
Anyone recall when the last time it was sub $20?
Late 90s. Prior to that was the 1940s.
This is the only the 3rd time to be that low in 80 years
Posted on 3/20/20 at 5:14 pm to Paul Allen
quote:
I want to say around 2015 or so it got low. Anyone recall when the last time it was sub $20?
Dipped down to ~$26 back in early 2016. Last time it was below $20 was back in 1998, the lowest it got down to then was ~$13 - all adjusted for inflation of course.
Posted on 3/20/20 at 5:15 pm to deltaland
That’s gonna cause crawfish prices to spike.
Posted on 3/20/20 at 5:18 pm to redfieldk717
quote:
Gas prices are already there...the gas stations are just screwing everyone.
It was 1.09 here when it got to 26 dollars bbl in 2016.
It’s stayed in 1.95 range here for the past 3 weeks. It’s fricking bullshite
Posted on 3/20/20 at 5:21 pm to deltaland
You can’t use the price of oil to calculate gasoline, as they are separately traded commodities. But yeah, when oil is this low gas is super damn cheap. We are getting it from terminals and refineries for about that price right now. Highway diesel is about $1.60 . Stations aren’t close to that either
Posted on 3/20/20 at 5:23 pm to deltaland
quote:
It’s fricking bullshite
Yeah man it's all a conspiracy against you, you've finally figured it out. Who gives a frick about gas prices when you can't drive anywhere?
And the explanation is that it doesn't make sense to sell the product they already paid a higher price for at a lower price, once they work through what they already ordered/is in their tanks then they'll adjust the price for competitive purposes, not because they want to be nice to the American public. Oh and crude price only accounts for about 50% of the cost of a gallon of gas, the rest is taxes and fees...so thank your elected officials for that one.
Enjoy it while it lasts. Once all the shale players are bankrupt, we'll be back on the Saudi Arabian tit, they'll spike the price and all the retards who were cheering this on will be whining about it. And the cycle will start again.
Posted on 3/20/20 at 5:26 pm to Boring
Gas has been this low for over a week. The average gas station gets fuel every 3 days or less in bigger cities
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