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$$$ Gas Price $$$

by DURABLEOILCOM
69 replies
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Want to see how low Gas is around the world. Please Share:
1. Gas Price:
2. Location:

How low will it go?
  • Profile picture of the author HeySal
    $2.79 per gallon here in central Oregon.
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  • Profile picture of the author DURABLEOILCOM
    1. Gas Price: $2.27
    2. Location: NJ, USA
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    • Profile picture of the author Richard Van
      Is this America only? Out of interest is this gas or petrol/diesel?

      I have unleaded petrol and it costs me £1.12 per litre. 60 litres to fill my car up which is about 15.85 US gallons

      60 lit x £1.12 = £67.2 or $105 to fill my car in North London

      15.85g X Sals $2.79 = $44.22 or £28.28 to fill my car in Oregon


      Bugger.
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      • Profile picture of the author seasoned
        Originally Posted by Richard Van View Post

        Is this America only? Out of interest is this gas or petrol/diesel?

        I have unleaded petrol and it costs me £1.12 per litre. 60 litres to fill my car up which is about 15.85 US gallons

        60 lit x £1.12 = £67.2 or $105 to fill my car in North London

        15.85g X Sals $2.79 = $44.22 or £28.28 to fill my car in Oregon


        Bugger.
        WOW, I thought petrol WAS gas!!!!!! But these prices are likely GAS! GAS(AKA GASOLINE) IS, to the best of MY knowledge is STILL the most popular fuel for personal vehicles in the US. ALSO, last I knew, many gas stations didn't even sell diesel. ALSO, currently, I believe diesel is hovering closer to about $3.00/US GALLON. The price of gas to diesel historically has varied and not necessarily in the same direction.

        ALSO, there ARE laws against lead in the US and I believe ALL gas here is now unleaded.

        Steve
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      • Profile picture of the author seasoned
        Originally Posted by Richard Van View Post

        Is this America only? Out of interest is this gas or petrol/diesel?

        I have unleaded petrol and it costs me £1.12 per litre. 60 litres to fill my car up which is about 15.85 US gallons

        60 lit x £1.12 = £67.2 or $105 to fill my car in North London

        15.85g X Sals $2.79 = $44.22 or £28.28 to fill my car in Oregon


        Bugger.
        BTW In Fort Wayne Indiana, Gasoline costs as little as $2.15/USG and Diesel costs about $3.09/USG at the same gas station. That gives you an idea of relative prices. in the US.

        Steve
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  • Profile picture of the author HeySal
    I can understand the cost in other countries - after all, the US is the #1 global producer right now. What I can't understand is how the East coast is 50 cents cheaper than here on the West coast. That seems really screwed somewhere.
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    • Profile picture of the author Richard Van
      Originally Posted by HeySal View Post

      I can understand the cost in other countries - after all, the US is the #1 global producer right now. What I can't understand is how the East coast is 50 cents cheaper than here on the West coast. That seems really screwed somewhere.
      Is the US #1 now due to the fracking? Not wanting to start a debate on it, just trying to find the reason as I heard that was the case.

      In fairness Sal it was only a month or so ago I was paying £1.30 but there was a big hoo haa in the press about how when oil prices go up the public get to pay for it with a sharp rise in prices but when it falls as it is now, they're somewhat slow to trickle the benefits onto the public. Since then my petrol's gone from £1.30 to £1.12.

      Sadly I suspect that 50c difference might just be your petrol stations/companies not passing the difference onto you, whereas they are in NJ? Just wondering.
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      • Profile picture of the author Frank Donovan
        Originally Posted by Richard Van View Post

        In fairness Sal it was only a month or so ago I was paying £1.30 but there was a big hoo haa in the press about how when oil prices go up the public get to pay for it with a sharp rise in prices but when it falls as it is now, they're somewhat slow to trickle the benefits onto the public. Since then my petrol's gone from £1.30 to £1.12.
        [sigh] I miss gallons.

        Leaving aside the imperial/metric argument, it seems rather silly to price a commodity like petrol (gas) by the litre, when these days that's hardly enough to get you off the forecourt. It's like pricing bread by the slice.

        .
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      • Profile picture of the author Kurt
        Originally Posted by Richard Van View Post

        Is the US #1 now due to the fracking? Not wanting to start a debate on it, just trying to find the reason as I heard that was the case.

        In fairness Sal it was only a month or so ago I was paying £1.30 but there was a big hoo haa in the press about how when oil prices go up the public get to pay for it with a sharp rise in prices but when it falls as it is now, they're somewhat slow to trickle the benefits onto the public. Since then my petrol's gone from £1.30 to £1.12.

        Sadly I suspect that 50c difference might just be your petrol stations/companies not passing the difference onto you, whereas they are in NJ? Just wondering.
        Fracking is a major reason, as is the improved ability to extract oil from "tar sands". Also, because of fracking, OPEC is dropping their prices to try to undercut American prices.

        Fracking has been good for our economy (and National security). But there's intangible costs, such as it's destroying top soil, causing earth quakes, contaminating drinking water and air (by burning carbon fuels), and uses carcinogenic chemicals such as benzene.

        Before we automatically say the Keystone Pipeline is the greatest thing ever, at least have a look at the method producing the oil that would go into the pipe line. Is this truly want we want when there are other alternatives? How much money do we have to save to make this truly worthwhile?

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        • Profile picture of the author Claude Whitacre
          [DELETED]
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        • Profile picture of the author yukon
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          Originally Posted by Kurt View Post

          Fracking is a major reason, as is the improved ability to extract oil from "tar sands". Also, because of fracking, OPEC is dropping their prices to try to undercut American prices.

          Fracking has been good for our economy (and National security). But there's intangible costs, such as it's destroying top soil, causing earth quakes, contaminating drinking water and air (by burning carbon fuels), and uses carcinogenic chemicals such as benzene.

          Before we automatically say the Keystone Pipeline is the greatest thing ever, at least have a look at the method producing the oil that would go into the pipe line. Is this truly want we want when there are other alternatives? How much money do we have to save to make this truly worthwhile?

          Canada's Tar Sands: The most destructive project on Earth? - Truthloader - YouTube
          Greenpeace activist are always hypocrites.

          I'm sure the lady in the video owns a car, heats her home, has painted walls inside her home, buys products sold in petroleum based packages...

          She's probably got another video complaining about gas prices.
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      • Profile picture of the author seasoned
        Originally Posted by Richard Van View Post

        Is the US #1 now due to the fracking? Not wanting to start a debate on it, just trying to find the reason as I heard that was the case.

        In fairness Sal it was only a month or so ago I was paying £1.30 but there was a big hoo haa in the press about how when oil prices go up the public get to pay for it with a sharp rise in prices but when it falls as it is now, they're somewhat slow to trickle the benefits onto the public. Since then my petrol's gone from £1.30 to £1.12.

        Sadly I suspect that 50c difference might just be your petrol stations/companies not passing the difference onto you, whereas they are in NJ? Just wondering.
        IRONICALLY, the US has ALWAYS been a BIG producer. Because of the laws, reserves, and some policies, the US public just hasn't seen as much benefit as they should. As to the NORTH having lower prices? Canada produces as well. One reason why buffet liked the keystone pipeline getting stopped, was that he owned railroads, and THEY ship oil ALSO. And they ship it at a lower cost than trucks ALSO, some northern states have lower taxes.

        VAN,

        Prices are often based on the HIGHER of replacement cost or average cost. And there IS a good reason for that. If prices drop 30% and they sell to you at the lower price, and prices go up, they have lost money and have less gas. ALSO, oil dropping 50% doesn't lower gas costs 50%, because there are other chemicals, processing, shipping, etc.... and those costs are more FIXED.

        Steve
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    • Profile picture of the author MikeAmbrosio
      Originally Posted by HeySal View Post

      I can understand the cost in other countries - after all, the US is the #1 global producer right now. What I can't understand is how the East coast is 50 cents cheaper than here on the West coast. That seems really screwed somewhere.
      Sal, it's the taxes charged by state. Here's a couple of charts showing state by state:

      National and State Gas Taxes (Fuel Taxes) in the United States - GasPriceWatch.com

      Fuel taxes in the United States - Wikipedia, the free encyclopedia

      Federal gas tax is around 19 cents or so. But there's a large variation in state taxes. NJ has one of the lowest state tax while California and NY have some of the highest. Like 30 cent or more difference per gallon.
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  • Profile picture of the author HeySal
    Richard - it might be the fracking. I don't know. I know we're really cranking out the production and also know they've made some pretty good hits on new sources. Other than that - I really don't keep up with what's going on in the field. I figured part of the price might be due to new refineries somewhere. Who knows.

    As far as price - West coast seems to always be higher - for a lot of things. It just sucks. And it's unfair. And I want cheaper gas, too. Wahhhhhh, ya know?
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  • Profile picture of the author NeedBucksNow
    Been like $2.35 a gallon here in KY. Might have to fill up today
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  • Profile picture of the author DJL
    Conroe TX $1.99/gallon yesterday.
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    • Profile picture of the author DJL
      An interesting article about current oil production
      trends and their likely geopolitical effects:

      Fracking Ferment and Malthusian Myths | Liberty Unbound

      by Gary Jason | Posted December 16, 2014
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  • Profile picture of the author SilentBase14
    2.80$ - 3.00$ here in the Washington D.C area
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  • Profile picture of the author positivenegative
    Originally Posted by DURABLEOILCOM View Post

    Want to see how low Gas is around the world. Please Share:
    Natural gas in our house is free. Especially after beans on toast.


    Originally Posted by DURABLEOILCOM View Post

    How low will it go?
    It's been known to waft down to the basement once or twice. That's pretty low.
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    • Profile picture of the author MissTerraK
      Originally Posted by positivenegative View Post

      Natural gas in our house is free. Especially after beans on toast.




      It's been known to waft down to the basement once or twice. That's pretty low.

      You eat beans on toast?

      Never heard of that before...

      And I'll just keep that one quiet around my house, lol!


      Terra
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      • Profile picture of the author HeySal
        Originally Posted by MissTerraK View Post

        You eat beans on toast?

        Never heard of that before...

        And I'll just keep that one quiet around my house, lol!


        Terra
        Serious? Beans on buttered bread is a favorite lunch of mine. Just give hubby a capsule of enzymes with it and you're all set. It's cheap - very healthy if you're eating organic bread and butter - - and almost no work to cook.

        Kurt brings up good points. Where is all the energy that won't hurt the planet? Aren't we supposed to have sustainable energy by now? We need to get rid of the FED as quick as possible so we can have money not tied directly to oil (petro-dollar). Then we'd be free to get real energy that's not going to destroy our planet.
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        • Profile picture of the author MikeAmbrosio
          Originally Posted by HeySal View Post

          Serious? Beans on buttered bread is a favorite lunch of mine. Just give hubby a capsule of enzymes with it and you're all set. It's cheap - very healthy if you're eating organic bread and butter - - and almost no work to cook.

          Kurt brings up good points. Where is all the energy that won't hurt the planet? Aren't we supposed to have sustainable energy by now? We need to get rid of the FED as quick as possible so we can have money not tied directly to oil (petro-dollar). Then we'd be free to get real energy that's not going to destroy our planet.
          Not profitable enough yet. I read a lot of numbers about energy sources and the demand sources today. My brain hurts. Short version, renewable energy only accounts for like 7% of overall demand, yet only about 1% overall for residential and commercial use, so solar panel and such on homes will do very little to change things. Oil and coal still way up there in demand.

          Money trumps environment still. Things won't change until that does.
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          • Profile picture of the author AprilCT
            The price of regular yesterday was $2.83 and up per grade in PA. There might have been a station around that is usually 2-3 cents less than the one we drove past, but that is still hardly low enough compared to what other states are selling their gasoline.

            As for renewable energy like putting the grids on the roof---nope, we will not do that. In the first place, I've read news articles where there have been fires and in the second place, they are nowhere near efficient enough. The tech has to change and become far more efficient as well as a lot less onerous to deal with.
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            • Profile picture of the author Kurt
              Originally Posted by AprilCT View Post

              The price of regular yesterday was $2.83 and up per grade in PA. There might have been a station around that is usually 2-3 cents less than the one we drove past, but that is still hardly low enough compared to what other states are selling their gasoline.

              As for renewable energy like putting the grids on the roof---nope, we will not do that. In the first place, I've read news articles where there have been fires and in the second place, they are nowhere near efficient enough. The tech has to change and become far more efficient as well as a lot less onerous to deal with.
              You don't put "grids" on roofs. And, Christmas trees are a leading cause of house fires, as are BBQs, candles and fireplaces, among other things. Competence and responsibility go a long way to greatly reducing many of these risks.

              Not to mention, solar isn't the only option. Wind is also a valuable resource, as is geo thermal and different types of kinetic energy. But I do have to admit, your oil is much more efficient at causing cancer and lung issues and polluting my air and drinking water than the alternatives.
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        • Profile picture of the author seasoned
          Originally Posted by HeySal View Post

          Serious? Beans on buttered bread is a favorite lunch of mine. Just give hubby a capsule of enzymes with it and you're all set. It's cheap - very healthy if you're eating organic bread and butter - - and almost no work to cook.

          Kurt brings up good points. Where is all the energy that won't hurt the planet? Aren't we supposed to have sustainable energy by now? We need to get rid of the FED as quick as possible so we can have money not tied directly to oil (petro-dollar). Then we'd be free to get real energy that's not going to destroy our planet.
          DID YOU HEAR? A couple days ago, germany said they plan to have ALL their nuclear plants shut down by about 2024. I think Solarcells are about the only way to go. We could have had them LONG AGO. The pentagon even has a solarfarm Aurora Energy - The Pentagon Solar Electric Installation But they just won't bother. Home depot now has kits that range from a good emergency system, to powering a large home, and they range from maybe $300-$600 to well into the thousands.

          The only way there will be a grid is if they are plugged into it. There were laws passed like 2 decades ago that power companies had to PAY for negative use. So if you give them power, THEY PAY YOU. The flip side, of course, is they give that power to someone else that pays them.

          Steve
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      • Profile picture of the author Richard Van
        Originally Posted by MissTerraK View Post

        You eat beans on toast?

        Never heard of that before...

        And I'll just keep that one quiet around my house, lol!


        Terra
        You're missing out on a great snack Terra. Does cause a few bum burps though.

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        • Profile picture of the author MikeAmbrosio
          Originally Posted by Richard Van View Post

          You're missing out on a great snack Terra. Does cause a few bum burps though.
          Never had beans on toast before but that looks good. Think I'll try that over the weekend...
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        • Profile picture of the author MissTerraK
          Originally Posted by Richard Van View Post

          You're missing out on a great snack Terra. Does cause a few bum burps though.

          Ewwww!

          My tummy tightens just looking at that picture.

          I think I'll stay with putting honey or cinnamon on my toast thank you very much.

          But, you all go ahead and have a "Bum Belching" jolly good time.

          Oh, and I got gas for $2.28 a gallon today. Likin' it!


          Terra
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  • Profile picture of the author HeySal
    We need Tesla energy. Period.

    Gas at $2.69 tonight here in Central OR.
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  • Profile picture of the author Rod Cortez
    Originally Posted by DURABLEOILCOM View Post

    Want to see how low Gas is around the world. Please Share:
    1. Gas Price:
    2. Location:

    How low will it go?
    1. $2.54 per gallon (won't last though with the next tax coming after the new year).

    2. Anaheim, California, USA, planet earth, The Milky Way.

    RoD
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  • Profile picture of the author LarryC
    I am currently just North of the Bay Area in CA, where gas prices are $2.69. There's little doubt that fracking is the reason for the drop. However, evidence suggests that this is a very short term (not to mention environmentally costly) "solution" to the energy situation as the article below explains. But if we can enjoy low gas prices for a few years, isn't that worth polluting our drinking water and destabilizing the entire planet? Long term sustainability is boring, archaic and anti-American!

    Falling Oil Prices Reveal America's Fracking Trap -- And Saudi Arabia's Continued Energy Dominance*|*Alexis Crow
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  • Profile picture of the author Michael Mayo
    Terra, It reminds me of an ole saying.

    Beans, beans, good for the heart.
    The more you eat um the more you fart.
    The more you fart the better you feel.
    Beans, beans for every meal! ...lol

    ~MM~
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    • Profile picture of the author MissTerraK
      Originally Posted by Michael Mayo View Post

      Terra, It reminds me of an ole saying.

      Beans, beans, good for the heart.
      The more you eat um the more you fart.
      The more you fart the better you feel.
      Beans, beans for every meal! ...lol

      ~MM~
      Haha!

      The way I heard it when I was a kid was...

      Beans, beans, the magical fruit,
      The more you eat, the more you toot,
      The more you toot, the better you feel,
      So eat some beans with every meal.

      I don't know what it was with the kids around my house, but they liked little ditties about flatulence. Another they would sing was...

      Gene, Gene made a machine,
      Frank, Frank, turned the crank,
      Joe, Joe, made it go,
      Art, Art, let a fart and blew it all apart. LOL!

      Terra
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    • Profile picture of the author Richard Van
      Originally Posted by Michael Mayo View Post

      Terra, It reminds me of an ole saying.

      Beans, beans, good for the heart.
      The more you eat um the more you fart.
      The more you fart the better you feel.
      Beans, beans for every meal! ...lol

      ~MM~
      The main brand here is Heinz Baked Beans. They have a little song thingy like MacDonald's have their "I'm lovin it" song thing. Well it's goes "Beans means Heinz", just their little way of branding themselves. Trouble is, because of a can of baked beans ability to create thunder farts, everyone just sings "Beans means farts".

      I like your song better though.
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      • Profile picture of the author positivenegative
        Originally Posted by Richard Van View Post

        The main brand here is Heinz Baked Beans.
        And the only way to have them on toast, Richard, is with HP sauce (plain or fruity) and a sprinkling of pepper. Mmmm.
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  • Profile picture of the author DURABLEOILCOM
    Originally Posted by DURABLEOILCOM View Post

    Want to see how low Gas is around the world. Please Share:
    1. Gas Price:
    2. Location:

    How low will it go?
    Update
    ExxonMobil $2.23
    North Jersey
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    • Profile picture of the author AprilCT
      Kurt, I was talking about those solar "grids" and just forgot the word "solar". I've watched video where people make their own using wood forms and the dang thing ends up looking like a grid to me. I've also read reports about solar systems on roofs catching fire, so I want nothing to do with them, and not as savvy with the proper wording as others more familiar.
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      • Profile picture of the author seasoned
        Originally Posted by AprilCT View Post

        Kurt, I was talking about those solar "grids" and just forgot the word "solar". I've watched video where people make their own using wood forms and the dang thing ends up looking like a grid to me. I've also read reports about solar systems on roofs catching fire, so I want nothing to do with them, and not as savvy with the proper wording as others more familiar.
        If they catch fire, someone did something seriously wrong. Obviously, they have to be protected to some degree. Where I live, they can have extreme windws, temperatures that could maybe go close to 100f or down to like -20f. There could be snow, ice, or water. So you don't want exposed wires, want them covered, and probably don't want big differences in thickness or temperature.

        Steve
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        • Profile picture of the author AprilCT
          Steve, can't remember where I was reading about that story...I vaguely remember it seemed like a housing development of some sort, so it's probably possible the builder screwed up royal.

          In any event, I just don't think the tech is far enough advanced, and haven't seen any around here in PA. Could have a lot to do with not really getting the proper number of days/daylight hours without clouds to be worthwhile--just a guess. Don't get me wrong, we get sunshine, but perhaps not enough? As said before, I don't really know a lot about it.
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          • Profile picture of the author seasoned
            Originally Posted by AprilCT View Post

            Steve, can't remember where I was reading about that story...I vaguely remember it seemed like a housing development of some sort, so it's probably possible the builder screwed up royal.

            In any event, I just don't think the tech is far enough advanced, and haven't seen any around here in PA. Could have a lot to do with not really getting the proper number of days/daylight hours without clouds to be worthwhile--just a guess. Don't get me wrong, we get sunshine, but perhaps not enough? As said before, I don't really know a lot about it.
            Even if you get a LOT of sunshine, you need a lot of cells. For darker times, you can run off of batteries. Of course, it is possible that you could ALSO have power from the grid, and use all three.

            Steve.
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  • Profile picture of the author HeySal
    Solar grid is correct - at least in some cases. Not sure if in all.

    Terra - that pic of Richards looks like baked beans. That would be terrible. I use northern beans. It's fairly bland but a nice layer of butter on the bread gives them a spectacular flavor. One can and two and a half pieces of organic multi-grain - extremely filling, too.
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  • Profile picture of the author ForumGuru
    Banned
    Check out these E85 prices...



    E85 Prices

    This is a pretty good site to check gas prices...

    http://www.gasbuddy.com/

    Heatmap...



    Cheers

    -don
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  • Profile picture of the author jamecater
    I live in Oregon and the price is $2.79 per gallon
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  • Profile picture of the author DURABLEOILCOM
    Originally Posted by DURABLEOILCOM View Post

    Want to see how low Gas is around the world. Please Share:
    1. Gas Price:
    2. Location:

    How low will it go?
    1. Gas Price: $2.05
    2. Location: North Jersey
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  • Profile picture of the author yukon
    Banned
    BTW, that beans & toast image is disturbing.
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  • Profile picture of the author Michael Mayo
    I can't believe that after talking about the beans I didn't even include our price here for gas...
    Anyway, Unleaded was $1.99 at a few stations around town here in Louisville KY.

    I guess I should include the other gas prices just in case someone was following the bean counts!

    Heinz Baked Beans are $1.49 a can.

    Bushes Baked Beans are $1.59 a can. They may be 10 cents higher "butt"(much like Premium gas)
    they seem to pack a better punch giving the user a special octane boost for their money!

    Boston Baked Beans are $1.79 a small box. They don't pack any fire power but they
    taste so good!

    Hope that Helps,
    Have a Great Day!
    Smell ya later....
    Michael
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  • Profile picture of the author DURABLEOILCOM
    Does anyone know how soon prices will sky rocket up again? I dont understand how gas was over $4.00 not too long ago and now it its going under $2.00
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  • Profile picture of the author ForumGuru
    Banned
    The bottom fell out of the crude prices and the prices at the pump followed. If something happens in the world or the markets that sends the crude price back up, gas prices will follow. One thing you can do to try to figure out where gas prices may be heading is to watch and/or study the crude oil markets.



    1 Year Crude Oil Prices and Crude Oil Price Charts - InvestmentMine



    Historical Gas Price Charts - GasBuddy.com

    Below is an article that will give you some insights on why the crude prices have dropped significantly...

    http://www.economist.com/blogs/econo...ist-explains-4

    Further reading...

    http://www.vox.com/2014/11/28/7302827/oil-prices-opec

    http://www.bloomberg.com/news/2014-1...r-so-fast.html

    Cheers

    -don
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  • Profile picture of the author mushroomsoup31
    Philippines:
    • Gasoline
      87¢ (USD) per liter - ₱39.00
    • Diesel
      83¢ (USD) per liter - ₱37.00

    And it says on the news that oil companies in the Philippines will implement another price rollback this coming week.

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  • Profile picture of the author seasoned
    With the trend in fort wayne and all, gas could drop to less than $2/gal by the end of this week. Costco and sams club are ALREADY at 1.99! If the trend keeps up, by about august, we COULD be back to 1970 prices. Of course, I DOUBT it will go that low. They would have to lower taxes, and various costs for oil would have to be VERY low. I wonder where the floor is though. I SUSPECT we are close.

    Steve
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  • Profile picture of the author AIV0IVYM0US
    $2.15, Michigan.
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  • Profile picture of the author DURABLEOILCOM
    Originally Posted by DURABLEOILCOM View Post

    Want to see how low Gas is around the world. Please Share:
    1. Gas Price:
    2. Location:

    How low will it go?
    1. $1.97
    2. north jersey

    Never been this low since 2002
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    • Profile picture of the author seasoned
      Originally Posted by DURABLEOILCOM View Post

      1. $1.97
      2. north jersey

      Never been this low since 2002
      Last time I checked, it was headed even lower in fort wayne. If it gets much cheaper, I have a feeling E85 is DEAD! E85 exists ONLY because:

      1. It is renewable. Actually, not really that great, since it simply has farmers preferring a non consumable(after processing) product over consumable ones, to get more money.
      2. It is easier to get than oil. At $2.00+ certainly, but this becomes less meaningful as the price drops.
      3. It is cleaner. Not as clean as one would like, and at the expense of food.

      As gas gets cheaper, E85 may disappear and, ironically, food may get cheaper even BEFORE shipping! E85 raises the cost of a lot of cereals, breads, etc...

      Steve
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    • Profile picture of the author HeySal
      Originally Posted by DURABLEOILCOM View Post

      1. $1.97
      2. north jersey

      Never been this low since 2002
      I just paid $1.99 per gallon for it in George, WA when I was there this weekend. It just shocked my system to see it again. Happy as hell about it and hope it stays low.
      Signature

      Sal
      When the Roads and Paths end, learn to guide yourself through the wilderness
      Beyond the Path

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  • Profile picture of the author WalkingCarpet
    Banned
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    • Profile picture of the author Kay King
      $1.81 yesterday in Oxford.
      Signature
      Saving one dog will not change the world - but the world changes forever for that one dog
      ***
      One secret to happiness is to let every situation be
      what it is instead of what you think it should be.
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  • Profile picture of the author seasoned
    Average 1.89/galtoday in fort wayne IN As low as 1.80 in various retail clubs, and 1.65(IIRC) if you get a carwash. I don't know what it is at the various wholesale clubs.

    Steve
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    • Profile picture of the author ahlexis
      I've got a temporary "extreme couponer" in my household. She's heavily into it after having watched videos on the web, and has pointed out all the ways to get extra stuff and free stuff.

      One thing that's interesting is, if you live near a Kroger's supermarket and get one of those "valued customer" cards you can get discounts on your gas. One dollar spent equals one point, get 100 points and get 10 cents off per gallon of gas where they have gas pumps in the parking lot. Buy store gift cards - like Target or Burger King or pretty much anything that's not a Visa or MasterCard and get double points based on the dollar value of the gift card you buy. Works great if you end up buying a gift card good inside a store you already regularly spend money at anyway.

      But here's the thing. We stood in line at the gas payment booth a while back behind a lady who got a 50 cent per gallon discount on her gasoline purchase. It was an interesting eye-opener, especially when you consider that if you get a receipt that requests you do a survey, upon completion of the survey rating how they're doing they give you 50 points . . . that plus a $25 gift card purchase = a 10 cent per gallon discount.

      Having said the mouthful above, we've managed to buy gas as low as $1.79 per gallon including a 10 cent discount for swiping a card at the pump in the Houston suburbs.

      I cannot help but wonder how much longer and how much lower this will go on before things change and prices start heading back in the other direction, though.
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  • Profile picture of the author DURABLEOILCOM
    Originally Posted by DURABLEOILCOM View Post

    Want to see how low Gas is around the world. Please Share:
    1. Gas Price:
    2. Location:

    How low will it go?
    1. $1.87 this is an all time record low!
    2. North Jersey
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    • Profile picture of the author Kay King
      I cannot help but wonder how much longer and how much lower this will go on before things change and prices start heading back in the other direction, though.
      My opinion (I said this to friends weeks ago and they said I was crazy...so...) - It will go on for a while as the Saudis are the driving force and they can afford this price. Their production costs for oil are far cheaper than the US costs to produce a barrel of crude.

      US companies (and shareholders) think short term profit - so US production of oil will decline. At these prices, oil is not profitable in the US so platforms, etc will be closed. That is probably true in a few other oil producing nations as well.

      Once we have lowered our production and begun to rely more on foreign oil - the price will start to increase. It's a game of chicken and I expect the Saudis will win at least for a while.
      Signature
      Saving one dog will not change the world - but the world changes forever for that one dog
      ***
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      what it is instead of what you think it should be.
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      • Profile picture of the author BigFrank
        Banned
        Originally Posted by Kay King View Post

        My opinion (I said this to friends weeks ago and they said I was crazy...so...) - It will go on for a while as the Saudis are the driving force and they can afford this price. Their production costs for oil are far cheaper than the US costs to produce a barrel of crude.

        US companies (and shareholders) think short term profit - so US production of oil will decline. At these prices, oil is not profitable in the US so platforms, etc will be closed. That is probably true in a few other oil producing nations as well.

        Once we have lowered our production and begun to rely more on foreign oil - the price will start to increase. It's a game of chicken and I expect the Saudis will win at least for a while.
        Steel companies have announced the laying off of 750 workers due to a stiff drop in demand for oil related pipes and tubing.

        Additionally, Saudi Arabia spends no more than $5 for every barrel of oil it produces while the current cost in Texas and North Dakota is around $80 a barrel. In trying to verify those figures I found this factoid:

        "The need to drill horizontally means more acreage -- and as producers fork out cash for royalties to private landowners, more acreage means a bigger bill. Now we see why it costs $100 to produce a barrel of oil in the Bakken basin of North Dakota and Montana, while producing the same barrel of oil in Saudi Arabia's prolific Ghawar field costs in the order of $10."         - According to the International Energy Agency • 11/04/2014

        Cheers. - Frank
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        • Profile picture of the author yukon
          Banned
          Originally Posted by BigFrank View Post

          Steel companies have announced the laying off of 750 workers due to a stiff drop in demand for oil related pipes and tubing.

          Additionally, Saudi Arabia spends no more than $5 for every barrel of oil it produces while the current cost in Texas and North Dakota is around $80 a barrel. In trying to verify those figures I found this factoid:

          "The need to drill horizontally means more acreage -- and as producers fork out cash for royalties to private landowners, more acreage means a bigger bill. Now we see why it costs $100 to produce a barrel of oil in the Bakken basin of North Dakota and Montana, while producing the same barrel of oil in Saudi Arabia's prolific Ghawar field costs in the order of $10."           - According to the International Energy Agency • 11/04/2014

          Cheers. - Frank
          The difference is there's no wars going on in North Dakota.
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  • Profile picture of the author alycium
    Just filled up :]

    $1.79 Kansas City, Missouri
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  • Profile picture of the author DURABLEOILCOM
    Originally Posted by DURABLEOILCOM View Post

    Want to see how low Gas is around the world. Please Share:
    1. Gas Price:
    2. Location:

    How low will it go?
    1. $1.77
    2. North Jersey

    This is a 10 year all time low. How low will it go?
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  • Profile picture of the author yukon
    Banned
    I paid $1.76 a gallon in SC a couple of days ago.

    Waiting for the $4 a gallon rebound...
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  • Profile picture of the author DURABLEOILCOM
    Originally Posted by DURABLEOILCOM View Post

    Want to see how low Gas is around the world. Please Share:
    1. Gas Price:
    2. Location:

    How low will it go?
    The Update:

    2.49 Exxon Regular
    North New Jersey, US

    Anyone think we are going to see huge jump back to $3-$4 prices before the end of summer?
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    • Profile picture of the author myob
      Crude oil prices have dropped to historic low levels in over a decade, so I don't think gas prices will rise to anywhere near $4/gallon anytime soon. The Saudi-led oil cartel, OPEC, has an agenda to drive the US oil companies out of business by increasing production, so consumers (for now at least) will have a reprieve.
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      • Profile picture of the author HN
        Banned
        Originally Posted by myob View Post

        Crude oil prices have dropped to historic low levels in over a decade, so I don't think gas prices will rise to anywhere near $4/gallon anytime soon. The Saudi-led oil cartel, OPEC, has an agenda to drive the US oil companies out of business by increasing production, so consumers (for now at least) will have a reprieve.
        Good, stay away from investing and stick to the sh*t you are good at, whatever that is. Perhaps writing.
        At the time of this posting oil was about $60 which is $13 above YTD low. A decade low was seen in December 2008, when it fell below $33. It's now almost twice as high as decade low. Who is this myob guy? Seems that he has no idea what he is talking about.

        I adore the so called experts. It's amusing to read their predictions. Here's one.
        Oil prices could stay low for decade, says Michael Hintze | The Australian

        Quote from Jan 16, 2015:
        Yesterday, Bank of America Merrill Lynch lowered its oil price forecasts, and said it now expected US oil prices to tumble to $US32 a barrel by the end of the first quarter, as global petroleum inventories continue to fill up.

        $32 a barrel? In reality it rose to $60, not by the end of the first quarter though, but the end of April.
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  • Profile picture of the author HeySal
    It's been fluxuating back and forth between about 2.75 and 3.29 for months now out here in Nevada. There's a good possibility that it's because of talks between Russia/China - and some SA country - I think Brazil but really don't remember which one -- that will tank the petro-dollar as reserve currency. The petro-dollar agreement is the only thing that keeps that country on the map despite their oil.
    Signature

    Sal
    When the Roads and Paths end, learn to guide yourself through the wilderness
    Beyond the Path

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