Gas prices
Starting the stampede. Gas price .99
Forum Discussion
Oil prices are so cheap that hunderds have already been laid off in the west Texas fracking fields.
At 27.17 per barrel, the spot price in early (US) trading Friday - almost all the new wells drilled in twenty years in the US are unprofitable to operate. Certainly many off-shore rigs also.
The last time I paid over $2 per gallon for gasoline was Jan 9. All of 2019, I never paid of $2.499, and that was in Florida about a year ago.
Don't worry, prices will be back up close to $2.40 by the time summer rolls around and the Yankees start traveling.
At 27.17 per barrel, the spot price in early (US) trading Friday - almost all the new wells drilled in twenty years in the US are unprofitable to operate. Certainly many off-shore rigs also.
The last time I paid over $2 per gallon for gasoline was Jan 9. All of 2019, I never paid of $2.499, and that was in Florida about a year ago.
Don't worry, prices will be back up close to $2.40 by the time summer rolls around and the Yankees start traveling.
