FlatlandBusa
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$2.89 for 10% ethanol 87 octane in south central Nebraska.
Gas prices where you are!
- Thread starter captain
- Start date
RedBusarider
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TallTom
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Same station. 2.55 yesterday.
piratediverjefff
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$2.89 here for reg.
TallTom
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$2.48 yesterday. Dropping fast now. Yehaw.
$2.44 / gal Thanksgiving Day, near Spartanburg S.C. Yes I filled up 
piratediverjefff
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...still $2.89 here.
TallTom
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Here is a nice little piece on the future.
$40 a barrel?....Ye Dang Haaaaawwww
OPEC is wrong to think it can outlast U.S. on oil prices - MarketWatch
And here is where Russia is getting squeezed: They are scrapping their European Pipeline plans. Ukraine was a part of that plan and hence the reason why Russia was trying to gobble them up.
http://finance.yahoo.com/news/russia-sees-first-recession-since-093112221.html;_ylt=AwrBJSB1An5UdWkAXO2TmYlQ
$40 a barrel?....Ye Dang Haaaaawwww
OPEC is wrong to think it can outlast U.S. on oil prices - MarketWatch
And here is where Russia is getting squeezed: They are scrapping their European Pipeline plans. Ukraine was a part of that plan and hence the reason why Russia was trying to gobble them up.
http://finance.yahoo.com/news/russia-sees-first-recession-since-093112221.html;_ylt=AwrBJSB1An5UdWkAXO2TmYlQ
Putin stated he would build one to Turkey but the price of a barrel is killing him. Prices are getting close to what they were when we paid 50 cents / gal. Obviously the federal government has tremendously increased the tax from the .9 cents a gal. back then and states have added there own taxes but $2.50 / gal. is still high. Why ?
TallTom
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2.50 is at 70ish/barrel prices. Figure with current tax structures present, 40ish should get us around 1.60ish. Can't believe I'm typing this!
If the above is true and America can now produce below $40, then its OPEC that needs the support below $60.
Personally I think it will plateau around 60. Months ago Saudi said this was to put a hurt on Russia and ISIS. I don't think America will want to try and hurt Saudi our ally. We are accomplishing the Russia part. I don't think we as in our system will abandon Saudi and let it fall to $40.
But hell what do I know....lol. I'd love to see $40.
If the above is true and America can now produce below $40, then its OPEC that needs the support below $60.
Personally I think it will plateau around 60. Months ago Saudi said this was to put a hurt on Russia and ISIS. I don't think America will want to try and hurt Saudi our ally. We are accomplishing the Russia part. I don't think we as in our system will abandon Saudi and let it fall to $40.
But hell what do I know....lol. I'd love to see $40.
TallTom
Registered
$1.99 to $2.02 on the South side of Oklahoma City today.
The prices seem to be lower than what the drop in Crude would cause. I feel we need to the oil to stay in the $70+ range to keep developing our resources. While I'm enjoying the lower gasoline prices, I'm seeing the potential impact of lower oil prices on the economy in many parts of our country. I'd just as soon place a tariff on imports to artificially raise the cost of imported oil to $100 per barrel to keep our development rolling. I'm old enough to remember what OPEC pulled on us 40 years ago and I don't want us to get in the situation again where they have that much control on us.
The prices seem to be lower than what the drop in Crude would cause. I feel we need to the oil to stay in the $70+ range to keep developing our resources. While I'm enjoying the lower gasoline prices, I'm seeing the potential impact of lower oil prices on the economy in many parts of our country. I'd just as soon place a tariff on imports to artificially raise the cost of imported oil to $100 per barrel to keep our development rolling. I'm old enough to remember what OPEC pulled on us 40 years ago and I don't want us to get in the situation again where they have that much control on us.
TallTom
Registered
We currently domestically produce 9M barrels a day. I have a friend working as a lead engineer for one fracking producer out there in Wyoming. They are being told to slow down production. In summary, there is a LOT more in the ground than we are currently taking......BY A LOT! Apparently North American shale oil quantities that are tappable now, exceed reserves in total what OPEC is known to have in the ground.
Further she says the make a 10% profit at $30 a barrel.
And now it today's financial news, the are actually discussing a $40 a barrel prices.
H O L Y C R A P.
Further she says the make a 10% profit at $30 a barrel.
And now it today's financial news, the are actually discussing a $40 a barrel prices.
H O L Y C R A P.
piratediverjefff
Registered
Same station,$2.69 today.
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