Gas prices falling!
With the gas prices falling daily, I hope the oil companies are doing OK? I can`t imagine their profits are very high right now? I hope they can make it through these rough times!
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- Diesel $3.28.
Regular Gas $2.45 - Time to buy a bigger RV.
- Diesel here hit $2.94 at local discount station.
- Gas is down 1.98 gallon in Texas. Right here is is 2.33. Retail Gasoline Association is trying to force Distributors and Retailers to keep it up above 2.30.
In Nashville it was 2.14 yesterday, at one station. - Well, the original post was obviously sarcasm.
However, the Saudis are in a game of chicken with the US. They want to drive prices down so we'll stop pumping. They're taking a huge hit themselves. Good for drivers.
Anyone who buys a gas guzzler because prices are temporarily lower is nuts.
Diesel in SE Michigan seems very high still. $3.50--$4.00. 2012Coleman wrote:
dodge guy wrote:
Are you kidding me? Oil companies make BILLIONS of dollars and prices have just started falling. I'm pretty sure thay have plenty of reserve cash on hand. Your free to donate to their relief fund though.
With the gas prices falling daily, I hope the oil companies are doing OK? I can`t imagine their profits are very high right now? I hope they can make it through these rough times!
:B
The Saudies again declined to reduce production, so there is a world wide glut, and consumption in the US has declined. This may be a ploitical move on their part in order to degrade rival economies that are dependant on oil revenue. While this helps the US economy as people are again buying big vechiles, the last laugh will be theirs when they decide to limit their production and drive up the price.
Bingododge guy wrote:
Are you kidding me? Oil companies make BILLIONS of dollars and prices have just started falling. I'm pretty sure thay have plenty of reserve cash on hand. Your free to donate to their relief fund though.
With the gas prices falling daily, I hope the oil companies are doing OK? I can`t imagine their profits are very high right now? I hope they can make it through these rough times!
:B
The Saudies again declined to reduce production, so there is a world wide glut, and consumption in the US has declined. This may be a ploitical move on their part in order to degrade rival economies that are dependant on oil revenue. While this helps the US economy as people are again buying big vechiles, the last laugh will be theirs when they decide to limit their production and drive up the price.bukhrn wrote:
midnightsadie wrote:
Too late, already past that, $2.43 around Richmond.
guy on the stock market said the oil co, are still happy at $70. per barrel. and gas should drop to about $2.50 a gal. gas should drop to about $2.50 a gal. now if diesel would only come down, but it won,t diesel is heating oil and alot of it is used during the winter. enjoy it while its cheap it won,t last, and we,ll be headed for that $5.dollar a gal figure.
Diesel at $2.43!? :E Or are you talking about gasoline? It might be worth me taking a drive to Richmond to fill up if it's diesel. Diesel is still about $3.80+ in Chicagoland area.
(I know you're talking about gasoline, I just wish diesel was that low. :) )Good thing is we get only a small percentage of our oil from international sources outside of N America.
Oil is a world wide commodity, doesn't much matter where the oil comes from.midnightsadie wrote:
Too late, already past that, $2.43 around Richmond.
guy on the stock market said the oil co, are still happy at $70. per barrel. and gas should drop to about $2.50 a gal. gas should drop to about $2.50 a gal. now if diesel would only come down, but it won,t diesel is heating oil and alot of it is used during the winter. enjoy it while its cheap it won,t last, and we,ll be headed for that $5.dollar a gal figure.
