will it go under $2

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Jan 19, 2015 | 01:43 AM

#106

AlaskanEx

Bleed Ford Blue

Joined: Apr 2009

Posts: 13,578

Likes: 157

From: Anchorage Alaska

Quote:

Originally Posted by Skip1970

for diesel?

87 regular unleaded.

now that i think about it, you were talking about diesel i bet.

Jan 19, 2015 | 06:02 AM

#107

German Joe

Junior User

Joined: Feb 2012

Posts: 58

Likes: 1

Here in germany I pay actually $ 5.50

(five dollar fifty)
And it´s cheap since 4 weeks....before I paid $ 7.10

Jan 19, 2015 | 06:29 AM

#108

Tom

Super Moderator

Joined: Aug 2003

Posts: 25,479

Likes: 742

From: Isanti, MN

Quote:

Originally Posted by German Joe

Here in germany I pay actually $ 5.50

(five dollar fifty) And it´s cheap since 4 weeks....before I paid $ 7.10

Wow, that's a lot Joe. Do you know how much of that is tax?

Jan 19, 2015 | 08:38 AM

#109

trozei

Postmaster

Joined: Nov 2012

Posts: 2,806

Likes: 8

From: Langley, BC

Quote:

Originally Posted by Tom

Wow, that's a lot Joe. Do you know how much of that is tax?

A huge amount of that is tax. The EU is very unfriendly to car owners.

Jan 20, 2015 | 01:04 PM

#110

German Joe

Junior User

Joined: Feb 2012

Posts: 58

Likes: 1

All taxes are nearly 60 %. And therefore the most cars here have small engines and need less fuel. So you have 25-over 30 mpg.....

Do you think the price is as low as now because of your new methode, the fracking? Here in germany they told us this

Jan 20, 2015 | 03:32 PM

#111

Tom

Super Moderator

Joined: Aug 2003

Posts: 25,479

Likes: 742

From: Isanti, MN

Quote:

Originally Posted by German Joe

All taxes are nearly 60 %. And therefore the most cars here have small engines and need less fuel. So you have 25-over 30 mpg..... Do you think the price is as low as now because of your new methode, the fracking? Here in germany they told us this

From what I understand it's a combination of that and slacking global demand. Our consumption isn't as high as it was predicted, and high oil prices make alternative methods such as fracking profitable. OPEC saw the writing on the wall and sustained production to maintain their market share. I believe the days of that cartel controlling the oil market are over.

Jan 20, 2015 | 05:00 PM

#112

xr7gt390

Cargo Master

Joined: Jul 2009

Posts: 2,710

Likes: 77

From: Central Florida

Quote:

Originally Posted by German Joe

I lived in Frankfurt most of the 90's and gas prices were high back then. I thought the Autobahnen was kind of a tease, who could afford to drive fast at those gas prices! I had a hard time parking my Polo, can't imagine trying to park an F150 there.

Jan 21, 2015 | 03:29 PM

#113

trozei

Postmaster

Joined: Nov 2012

Posts: 2,806

Likes: 8

From: Langley, BC

Quote:

Originally Posted by Tom

It's a combination of things. The US fracking has proven successful and is booming at the exact same time as demand dropped considerably, and neither the US or the Saudis are going to slow down production even though both are losing money. Canada, however, has slowed down production significantly and that's how I and a few of my friends lost our jobs as roughnecks. Canada slowing down oil production is also why our dollar has gone down to its lowest point in a decade, which is a big inconvenience for me because I'm restoring a truck right now with mostly US parts so now I'm paying more than the already extortionate price I was paying.

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Jan 22, 2015 | 12:36 PM

#114

German Joe

Junior User

Joined: Feb 2012

Posts: 58

Likes: 1

And my USA vacation will cost more than 2 years ago. There I got $1.38 for 1 Euro. Now I get only $1.15. Only the low gasprice is good for me, because my motorhome runs only 8 mpg :-(