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JEFF IN MODESTO

Who has the cheapest gas prices?

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Moose

Oil is trading at $59.19 a barrel as this is being posted and may drop further. World demand is projected to be down for 2015 and OPEC keeps pumping. They won't drop production numbers as they don't trust that some of their members will cheat.

As for Mr. Putin, he screwed himself and the Russian people with his actions this year. Isolating his economy that is heavily dependent on oil, lets see how much his people will love him now.

Now at $59.16 a barrel

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Moose

Oil is trading at $59.19 a barrel as this is being posted and may drop further. World demand is projected to be down for 2015 and OPEC keeps pumping. They won't drop production numbers as they don't trust that some of their members will cheat.

As for Mr. Putin, he screwed himself and the Russian people with his actions this year. Isolating his economy that is heavily dependent on oil, lets see how much his people will love him now.

Now at $59.16 a barrel

Wow $59.03 and falling ...

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Moose

Oil is trading at $59.19 a barrel as this is being posted and may drop further. World demand is projected to be down for 2015 and OPEC keeps pumping. They won't drop production numbers as they don't trust that some of their members will cheat.

As for Mr. Putin, he screwed himself and the Russian people with his actions this year. Isolating his economy that is heavily dependent on oil, lets see how much his people will love him now.

Now at $59.16 a barrel

Wow $59.03 and falling ...

Now down to $58.43, that is $1.52 less then yesterday's close. The Russian economy is in trouble.

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SubTropicRay

Don't get too used to it. This is short lived at best. By July 2015 or sooner, it'll be over $100 a barrel again. Enjoy while it lasts.

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JEFF IN MODESTO

Ray, Im not finding many experts seeing the price rising that high.

Fracking is here to stay, if the prices drop below $60 for too long, then some operations will go idle ( regular drilling as well), but once the price goes up again.... so will the fracking and regular drilling. I believe that will be the way it will be.

Opec knows that if they with hold output then fracking will pick up the slack.

Things will get even worse when the third world nations get into the fracking production.

Your mileage my vary.

:P

Jeff

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DoomsDave

Ray, Im not finding many experts seeing the price rising that high.

Fracking is here to stay, if the prices drop below $60 for too long, then some operations will go idle ( regular drilling as well), but once the price goes up again.... so will the fracking and regular drilling. I believe that will be the way it will be.

Opec knows that if they with hold output then fracking will pick up the slack.

Things will get even worse when the third world nations get into the fracking production.

Your mileage my vary.

:P

Jeff

So might the average ambient world temperature . . . . . .

AND the price of oil stocks.

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Moose

Ray, Im not finding many experts seeing the price rising that high.

Fracking is here to stay, if the prices drop below $60 for too long, then some operations will go idle ( regular drilling as well), but once the price goes up again.... so will the fracking and regular drilling. I believe that will be the way it will be.

Opec knows that if they with hold output then fracking will pick up the slack.

Things will get even worse when the third world nations get into the fracking production.

Your mileage my vary.

:P

Jeff

Oil is down to $57.93 a barrel

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jfrye01@live.com

Around $2.30-2.35 here in the Wichita area...

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JEFF IN MODESTO

As for the climate.... It's changed many times over the last thousands of years, ice age etc...

I checked the stats for Modesto, there has been no change in temps since people started recording the weather here in 1880, which was before most all oil production .

My thought , is stay on course with alternate energy sources, but a lower oil price helps consumers and gives the kooks less money to build huge sand islands and sky scrapers in the deserts .

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Moose

Just paid $3.41 for diesel. And oil is now at or below 60 a barrel. So glad to see this!

Saw $2.53 a gallon for gas this morning, $3.09 a gallon for diesel at the same place.

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JEFF IN MODESTO

$2.47 gal at Costco

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Xerarch

Sam's Club had it for $2.41 yesterday, faaaaaar cheaper than anyone else around.

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Moose

Wow - its really dropping. Kim's projection may be spot on.

Energy
Crude Oil (WTI)54.65

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Xerarch

The price is supposed to have stabilized somewhat today, it's a bit over $56 right now and holding.

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DoomsDave

Undercooked bean soup = abundant, inexpensive gas . . . .

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Austinpalm

$2.29/gallon yesterday. Probably could have found it cheaper at HEB or Costco.

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aztropic

Still dropping... There are already a few stations around Phoenix doing promotions for $1.99

aztropic

Mesa,Arizona

post-236-0-36249200-1418774335_thumb.jpg

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JEFF IN MODESTO

How about this in Baton Rouge ?

post-116-0-39356100-1418780723_thumb.jpg

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Moose
Energy
Crude Oil (WTI)54.78-1.15 (-2.06%)21:37
Crude Oil (Brent)59.12

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_Keith

How about this in Baton Rouge ?

Yep, you can find $1.99 gas easily in BR.

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JEFF IN MODESTO

Energy

Crude Oil (WTI)54.78-1.15 (-2.06%)21:37

Crude Oil (Brent)59.12

The question is, how low can it go?

Saudi Arabia can take a drop to $30 for quite awhile.

I've read that at $45 most Fracking would be not profitable .

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_Keith

Energy

Crude Oil (WTI)54.78-1.15 (-2.06%)21:37

Crude Oil (Brent)59.12

The question is, how low can it go?

Saudi Arabia can take a drop to $30 for quite awhile.

I've read that at $45 most Fracking would be not profitable .

Supply and demand market, with some Wall Street craziness in the middle. Who the hell knows?

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JEFF IN MODESTO

Costco is down to $2.39 gal in modesto

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Moose

Wow - its really dropping. Kim's projection may be spot on.

Energy
Crude Oil (WTI)54.65

Energy
Crude Oil (WTI)53.73+0.12 (+0.22%)18:29
Still falling - gas prices are sure to follow

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JEFF IN MODESTO

Gas is $1.65 a gal at Costco in Baton Rouge , La.

About 40 cents a liter?

In modesto it's about $2.30 gal.

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edbrown_III

I saw 2.13 on Philips hwy in jax kinda surprised me you can still see alot of places at 2.40 here in Jax.

the last two democrats that left the white house left at numbers below $ 2 a gallon sorry I could nt resist

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Daryl

The lowest here was A$1.13 per litre today...still a long was short of other prices but the best in years here. That's US$3.10 per US gallon at current exchange rates.

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Funkthulhu

Not much fluctuation, we've been holding steady at $1.99/gallon all week.

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JEFF IN MODESTO

I saw 2.13 on Philips hwy in jax kinda surprised me you can still see alot of places at 2.40 here in Jax.

the last two democrats that left the white house left at numbers below $ 2 a gallon sorry I could nt resist

And doubled the national debt!

But at least they were charismatic and the ladies liked em!

Lol

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Darold Petty

Jeff, you should stick to this topic of retail gasoline pricing. You also, Ed !

http://zfacts.com/p/318.html

The debt went up since Obama because we are now accounting the cost of the Iraq war and also the Wall Street debacle.

  • Upvote 2

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edbrown_III

I know its more luck and events beyond anyones control ---- I am trying not to alienate all my friends on both sides --- my mouth kind goes to my fingers some times

I gotta do a serous closet cleanign and see if I have the Copy of Principes that ye desire--- Happy New year

Ed

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Xerarch

We haven't been talking about this much but the nymex price of natural gas has fallen below $3/mcf, that is unbelievable, the price was already through the floor at $4 only months ago.

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JEFF IN MODESTO

Jeff, you should stick to this topic of retail gasoline pricing. You also, Ed !

http://zfacts.com/p/318.html

The debt went up since Obama because we are now accounting the cost of the Iraq war and also the Wall Street debacle.

Lol Darold .... Yea " we " should!

Love that link, my radicle conservative brother has a lot of those silly charts , only they have his spin on them. Personally I believe only the raw un predjuced data.

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JEFF IN MODESTO

We haven't been talking about this much but the nymex price of natural gas has fallen below $3/mcf, that is unbelievable, the price was already through the floor at $4 only months ago.

I just noticed this.

Now that just about all energy prices seem to be dropping, maybe electricy is next ? Lol, yea right!

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Jerry@TreeZoo

The trend is going MUCH lower. The USA has dropped its production of gasoline by an amazing 75% in the last 11 years.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=A103600001&f=M

20140530_gas.png

Here is our government missing on price predictions:

http://www.eia.gov/tools/faqs/faq.cfm?id=287&t=10

Here is an analysis from six months ago predicting this and the true reason for the price/production drop.

http://www.zerohedge.com/news/2014-05-30/us-gasoline-consumption-plummets-nearly-75

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JEFF IN MODESTO

Lol...

Since we don't import gasoline, Im wondering why all of the Eco folks arent dancing in the streets?

I'm mean if we are to believe these charts, 75 percent drop means that we are fineally in Eden !

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_Keith

Pretty much $1.89 everywhere around here. Been many years since I have seen those prices, and I had never expected to see them again.

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DoomsDave

Lol...

Since we don't import gasoline, Im wondering why all of the Eco folks arent dancing in the streets?

I'm mean if we are to believe these charts, 75 percent drop means that we are fineally in Eden !

It won't last.

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DoomsDave

Pretty much $1.89 everywhere around here. Been many years since I have seen those prices, and I had never expected to see them again.

Enjoy while you can. That is low.

Here it's about $2.36, which isn't bad at all.

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