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Just went from Lake Charles La to Watford ND and in lake charles I paid $2.99, Houston $3.23, Oklahoma City $3.49, somewhere in Kansas $3.19, Nebraska $3.54, South Dakota $3.50, North Dakota $3.80. Seems farther north the more it cost heh heh.
Just went from Lake Charles La to Watford ND and in lake charles I paid $2.99, Houston $3.23, Oklahoma City $3.49, somewhere in Kansas $3.19, Nebraska $3.54, South Dakota $3.50, North Dakota $3.80. Seems farther north the more it cost heh heh.
Well you missed the cheapest stuff that we have in OKC right on I-35 headed north.
Actually you can get it for $2.79 if you are willing to pre pay cash.
WTF....bring that ***** this way please (Indianapolis)!! Our gas hit $2.05 in some areas yesterday but deisel was still $3.59-3.79. Sure wish they would close that gap soon....by lower diesel of course ;-) Somebody told me they saw $1.99 gas in Murfreesboro yesterday.
was talking to some clients in the business and they are convinced we will see crude get down to $25-$30.
the are uneasy about this, as the already lower price is causing unrest in their line of work. the companies are still making money..... just not as much.
if crude does get that low, we will see $.99 gas again, and if that happens, everything else will readjust.
I can't see it getting that low. The US wells will shut down before it hit's $30. It used to cost in the $25 - $30 range to get it out of the ground a couple of decades ago. I'm sure it's higher than that now. The number I heard about cost was closer to $50. That's when production drops off due to costs and prices stabilize.
I read an article awhile back that stated that though the price has raised drastically we are still paying the lowest percent income for gas ever averaging around 3% vs history's 8-9%
I'll see if i can dig that up later
It's my understanding that this is all due to OPEC flooding the market to deliberately drive down crude prices in order to choke out North American production. I'm curious as to how long this will last, how low it will go, and the resulting blowback.
It's my understanding that this is all due to OPEC flooding the market to deliberately drive down crude prices in order to choke out North American production. I'm curious as to how long this will last, how low it will go, and the resulting blowback.
That was their old trick. Problem now is prices were so high, and held there, for so long that we were able to get production ramped up so now we're producing more than Saudi Arabia. Before they would ramp up production to lower price just as we threatened to get serious about drilling. Now the cat's out of the bag so it's too late.
Opec's latest meeting they discussed either holding production steady and not making the kind of money they're used to making, or to cut production to drive up prices. Of course cutting production means they wouldn't be making the kind of money they're used to making.
They decided to keep producing at the same level to at least keep the income stream alive.
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