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Started By
Message
Will we see $1.00 per gallon gas again?
Posted on 3/8/20 at 5:48 pm
Posted on 3/8/20 at 5:48 pm
Once this price war kicks in. How low will it go?
What will it bottom out at?
I have no clue about refinery costs or what ever. What does it cost to refine a gallon of gas? Surely some of refinery guys can elaborate.
What will it bottom out at?
I have no clue about refinery costs or what ever. What does it cost to refine a gallon of gas? Surely some of refinery guys can elaborate.
19
Posted on 3/8/20 at 5:48 pm to SavageOrangeJug
No
Posted on 3/8/20 at 5:49 pm to Ed Osteen
quote:How do you know?
No
Posted on 3/8/20 at 5:50 pm to SavageOrangeJug
I don’t, I don’t think anyone really knows. I just can’t see gas going that low again, especially under $1.00
Posted on 3/8/20 at 5:51 pm to Ed Osteen
quote:
I just can’t see gas going that low again, especially under $1.00
I don't think anyone saw the Saudis crashing the price of crude.
Posted on 3/8/20 at 5:51 pm to SavageOrangeJug
I hope not
Posted on 3/8/20 at 5:51 pm to SavageOrangeJug
quote:
How do you know?
Because the last time gas was $1 was 2005. 15 years of inflation at 3% means that $1.55 or so is the equivalent today.
ETA: The last time I remember buying gas that cheap, that is. I was still stuckinMS back then.
This post was edited on 3/8/20 at 5:56 pm
Posted on 3/8/20 at 5:53 pm to Walt OReilly
quote:In the oil/gas industry?
I hope not
Posted on 3/8/20 at 5:54 pm to SavageOrangeJug
I haven’t seen 99 cent gas since the 90s. Not a chance in hell it drops that much.
Posted on 3/8/20 at 5:58 pm to SavageOrangeJug
quote:
What does it cost to refine a gallon of gas?
Not sure of this site's accuracy.
Ballpark Estimate: $0.30 to $0.60 a gallon.
Cost to refine a gallon of gas
Posted on 3/8/20 at 5:59 pm to SavageOrangeJug
Not gonna happen
Posted on 3/8/20 at 6:00 pm to SavageOrangeJug
Baws would be jumping out their F250 windows.
Posted on 3/8/20 at 6:03 pm to SavageOrangeJug
Gas prices got way below $2.00 in Louisiana in 2015 but didn’t get close to $1.00. 2015 is the lowest it’s been since it crashed after 2008. Interested to see how low we get this time.
Posted on 3/8/20 at 6:04 pm to TigerstuckinMS
quote:
Because the last time gas was $1 was 2005. 15 years of inflation at 3% means that $1.55 or so is the equivalent today.
I remember that. We had seen spikes after 9/11 and it hovered around $2 a gallon where I lived for several years after that. I graduated from grad school in 2004 and sometime the next year we were back home for a quick weekend. Someone in the family had a birthday or something. I remember hitting the highway near my hometown and a shell station had it for 99 cents. Never thought I’d see that again. And I don’t think we’ll get below $1.50 again in my lifetime.
Posted on 3/8/20 at 6:11 pm to The Boat
I purchased gas for $1.30 something back in the winter of 2015 @ Costco
Posted on 3/8/20 at 6:15 pm to crazyLSUstudent
Yeah it got super low. Crude dropped hard in late 2014/early 2015.
Posted on 3/8/20 at 6:15 pm to SavageOrangeJug
I sure hope not. Already far too easy for knuckleheads to drive around all day as things stand.
Posted on 3/8/20 at 6:18 pm to SavageOrangeJug
In some States the Fed and State taxes are .50-60 cents a gallon.
MS, LA, AL, TX is down in the .20 cents a gallon range.
MS, LA, AL, TX is down in the .20 cents a gallon range.
This post was edited on 3/8/20 at 6:20 pm
Posted on 3/8/20 at 6:45 pm to SavageOrangeJug
No
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