$2.99 a gallon! Now just $1.99 ! |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Another theme that seems to be emerging.....normally, when oil prices tank, OPEC, and other large producers cut back on production to keep prices high. Due to the fact that the US is becoming a real powerhouse in oil/gas production, the cartels are not cutting back on production. They want us to "suffer" with low oil prices/profits right along with them. So, "drill baby drill" seems to be a real winner for US consumers. Stock holders of the oil companies aren't doing so well right now with prices down, but, that is the way it goes.
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Hansel
Senior Member Joined: September-21-2006 Location: Twin Cities, MN Status: Offline Points: 415 |
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Gary S
Grand Poobah Joined: November-30-2006 Location: Illinois Status: Offline Points: 14096 |
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See post 4
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Riley
Grand Poobah Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7952 |
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Gas taxes will be going up next.
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Gary....Great minds thinking alike. You had it right. I would not mind at all to see Putin, OPEC, and all the other thugs in the world that are key oil producers get their wings clipped.
Drill baby....DRILL!!!! I never thought I would say this, but, Obama's pro-carbon energy policy is paying off big time. |
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Hansel
Senior Member Joined: September-21-2006 Location: Twin Cities, MN Status: Offline Points: 415 |
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Haha, sorry Gary i had already forgot about your post I got so wrapped up in official gub'ment numbers. I doubt that narrative but who really knows what goes on behind the scenes.
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Gary S
Grand Poobah Joined: November-30-2006 Location: Illinois Status: Offline Points: 14096 |
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Next we will tackle the Kennedy assassination in our series of conspiracy theories
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Nautiquehunter
Platinum Member Joined: December-31-2008 Location: Lake Lanier GA Status: Offline Points: 1010 |
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Heard on the radio this morning the reason gas has fallen is due to higher production. They also said production has gone up 60% on private land and has fallen 9% on public land . If the keystone pipeline was built it would drive down the price even farther due to speculators. Not much chance of that happening in the next 2 years.
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Now this is where Gary really drove home his point in post #4. The election is really getting in the way of the Keystone pipeline decision. I doubt it will happen before Obama leaves office, but, he may approve it after the election (or at least decide against it)....when he has more flexibility. Just like he is going to wait to grant amnesty to millions of "undoumented workers" until after the election. It's not a political decision though. He just needs to make sure people really understand why he is going to do it. Its a messaging thing. |
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quinner
Grand Poobah Joined: October-12-2005 Location: Unknown Status: Offline Points: 5828 |
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In Northern Illinois we are still just over $3.00, Chicago is $3.50-$4.00 with all the added tax. Usually just north beyond the cheddar curtain it's 5-10 cents cheaper.
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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I made it through the Cheddar Curtain today and gassed up in Racine WI for $3.09/gal. Once I slipped unnoticed back into the Peoples Republic of Illnois, I saw gas at $3.07/gal. This was out in the country though, and not in the city. I remember several years back being in downtown Chicago, and seeing gas at $4.65/gal. I think that is the highest I have ever seen gas.
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leetudor
Groupie Joined: August-29-2014 Location: Mount Juliet,TN Status: Offline Points: 96 |
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I paid $2.62 for some today.
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Gary S
Grand Poobah Joined: November-30-2006 Location: Illinois Status: Offline Points: 14096 |
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309 at our Shell in Algonquin today
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JPASS
Grand Poobah Joined: June-17-2013 Location: Orlando Status: Offline Points: 2283 |
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$2.97 at the Racetrac down the street.
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'92 Correctcraft Ski Nautique
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OverMyHead
Grand Poobah Joined: March-14-2008 Location: MN Status: Offline Points: 4861 |
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I remember on vacation when I was very young (1974ish) my dad driving away from the freeway into no-where South Dakota looking for cheaper fuel because there was no way he was going to pay 50 cents a gallon.
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For thousands of years men have felt the irresistible urge to go to sea, and many of them died. Things got better after they invented boats.
1987 Ski Nautique |
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jbear
Grand Poobah Joined: January-21-2005 Location: Lake Wales FL. Status: Offline Points: 8193 |
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snowstorm must be right on the horizon... john |
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"Loud pipes save lives"
AdamT sez "I'm Canadian and a beaver lover myself"... |
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Orlando76
Grand Poobah Joined: May-21-2013 Location: Mount Dora, FL Status: Offline Points: 3108 |
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$2.99 a gallon! They might as well just give it away. I remember in 2001 driving to the backwards state of Kentucky and paid $0.87 a gallon for diesel and $0.88 for gas in every state along the way. Rather the quadruple number of $3.50~ So by those numbers, 13 years later I should be banking $190,000 a year..... Yepper I guess my boss missed the memo. My pay basically stayed the same only lost my medical benefits
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Nautiquehunter
Platinum Member Joined: December-31-2008 Location: Lake Lanier GA Status: Offline Points: 1010 |
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In 1968 I helped my brother with his gas station job . It was a Rex station and gas was 17 cents a gal and we cleaned the windows checked the oil and tires and pumped it. I got 2.00 a day.
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Drum roll please! I would like to announce gas has hit $2.97 in the Chicago burbs. That must mean its $1.30 in Wisconsin and Indiana.
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skutsch
Grand Poobah Joined: June-19-2008 Location: Racine, WI Status: Offline Points: 2874 |
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Not quite that low, but it is $2.91!!! |
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GlassSeeker
Grand Poobah Joined: November-26-2008 Location: Elk Grove, CA. Status: Offline Points: 2421 |
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2.85 in CA...
Transcanada wants to build a pipeline to the east and a ship terminal on the coast to run oil tankers all up and down the east coast of the US...hope none of you are worried about oil spills along the east coast. |
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This is the life
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leetudor
Groupie Joined: August-29-2014 Location: Mount Juliet,TN Status: Offline Points: 96 |
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Paid $2.44 for some gas in Nashville yesterday.
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Riley
Grand Poobah Joined: January-19-2004 Location: Portland, ME Status: Offline Points: 7952 |
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$2.95 in southern Maine. We have tankers coming in and out of Portland Harbor every day. Oil spills are very rare and the one time it happened about 20 years ago, it was cleaned up quickly. The Progressives have been successfully in getting tar sands oil banned from being piped into the harbor from Canada.
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terminaldegree
Groupie Joined: October-05-2014 Location: Georgia, USA Status: Offline Points: 90 |
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Still at $2.99 in western WI. I'm surprised to hear it's cheaper in the Chicago suburbs! If it weren't for the damned ethanol, I'd just wait to buy in Minnesota every time.
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1996 Sport Nautique GT40/Acme 422
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8122pbrainard
Grand Poobah Joined: September-14-2006 Location: Three Lakes Wi. Status: Offline Points: 41040 |
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Dave,
What is the effect on the low oil prices in the plastic market? |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Pete....I deal more in specialty plastic compounds that are pretty far removed from the gyrations of commodity PP, PE and PS markets. A truckload to me is a pickup truck load:). But, back in the Sept and Oct timeframe, there were some increases in PP based compounds. I would guess we will see some decreases with the collapse in oil coming soon. I will check with our distribution guys to see what they are seeing in the commodity materials.
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OverMyHead
Grand Poobah Joined: March-14-2008 Location: MN Status: Offline Points: 4861 |
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I see many things getting cheaper at the grocery store these days, (with the exception of very painful meat prices) I am curious how much that relates to the lower fuel prices for transportation? Fuel went back up over $3 here for a few weeks, but I paid $2.79 this week.
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For thousands of years men have felt the irresistible urge to go to sea, and many of them died. Things got better after they invented boats.
1987 Ski Nautique |
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davidg
Grand Poobah Joined: January-07-2008 Location: NW Chicagoland Status: Offline Points: 2239 |
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Time to rename this post to $1.99/gal!! I saw $1.99 yesterday in McHenry IL (NW suburbs of Chicago). I used to pay up to $70 or so to fill my Taurus. Last time I filled up it cost $33. Drill baby drill!!
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Air206
Grand Poobah Joined: September-28-2008 Location: Roanoke, VA Status: Offline Points: 3000 |
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$1.92 here in Roanoke..... I know there are cheaper places, but I am VERY happy with that - wish we were on the water more!
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tullfooter
Grand Poobah Joined: March-02-2007 Location: White Lake, MI Status: Offline Points: 2225 |
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$1.78 cash or credit in Flint, MI yesterday.
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Play hard, life's not a trial run.
'85 BFN '90 BFN White Lake, Michigan |
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