What's the price of gas where you live?
It's strange to me - and it reveals how very little I understood about the oil industry. I always thought they kept raising the price because they were greedy; when the price started going down - it was something I'd only seen once before and that was short-lived. It's an eye-opener. I just hope a lot of your neighbors were saving their money while they were making it when gas was a heinous $4.00+. (I say this, knowing full well that Gas in Europe sells for much, much more. Like $5 per liter, which is about the size of a quart. So, in a way, we've always been quite fortunate in that respect.)
In the UK it is just getting back close to £1 ($1.50) per litre (here petrol has usually been cheaper than diesel). There's a graph of recent prices at http://www.bbc.co.uk/news/business-35217383 suggesting it topped out at about £1.40.Quote: ukaserex...Gas in Europe sells for much, much more...
When I travel to the continent diesel (and petrol) seems even cheaper in France, Belgium etc. and apparently Luxembourg is the cheapest - although http://www.fuel-prices-europe.info/ suggest Andorra and parts of Africa are even cheaper.
In fact (I didn't realise this) we have the most expensive diesel in Europe (yes I drive a diesel car!)
Now that the Obama admin has successfully negotiated with Iran and sanctions lifted
Iran is going to dump lots of oil onto the market to lower prices even more :-)
Thanks Obama :-)
Quote: terapinedGas prices are dropping like a rock
Now that the Obama admin has successfully negotiated with Iran and sanctions lifted
Iran is going to dump lots of oil onto the market to lower prices even more :-)
Thanks Obama :-)
A bbl of oil is trading at 25% of what it was in summer of 2014 $108...recent trades today under $27.50 bbl
not sure how much lower it can go without shutting down the North American Oilpatch....company I worked for is trading at 65 cents a share down from $18 just 20 months ago.... they likely will be out of business soon or swallowed up by somebody else...currently trying to sell off the US pumping operations to get some cash to stay afloat.
Price war in Michigan the other day saw 47 cent a GALLON gas ....for a few hours at least
http://abcnews.go.com/US/michigan-gas-station-hits-47-cents-price-war/story?id=36358859
Now, oil prices are plummeting, and they are saying that the economy is bad because the price of oil is too low. Huh? Are they just making this stuff up as they go along?
OT, just saw $1.669/gal here in NE FL. Filled up @ $1.539 in Biloxi over the weekend.
Edit -- I was replying to Terapind's post. I didn't see Coilman's. I completely understand that the North American oil industry will suffer with oil prices as low as they are. It just seems like other industries should do better with lower fuel prices.
Quote: coilmanA bbl of oil is trading at 25% of what it was in summer of 2014 $108...recent trades today under $27.50 bbl
not sure how much lower it can go without shutting down the North American Oilpatch....company I worked for is trading at 65 cents a share down from $18 just 20 months ago.... they likely will be out of business soon or swallowed up by somebody else...currently trying to sell off the US pumping operations to get some cash to stay afloat.
Price war in Michigan the other day saw 47 cent a GALLON gas ....for a few hours at least
http://abcnews.go.com/US/michigan-gas-station-hits-47-cents-price-war/story?id=36358859
Mid $1.40s in the Detroit area.
Side note: Obama just arrived to visit the NAIAS at Cobo in downtown, so roads in the area including I-94 from Romulus to downtown will be blocked off for a while.
Quote: JoemanI'm confused. Back when oil prices went up at a fast rate, the economy suffered. Since the cost of energy is embedded in everything (manufacturing, transportation, etc.), we were told, prices must go up, even though no value was added to the end product. OK, I can understand that.
Now, oil prices are plummeting, and they are saying that the economy is bad because the price of oil is too low. Huh? Are they just making this stuff up as they go along?
Edit -- I was replying to Terapind's post. I didn't see Coilman's. I completely understand that the North American oil industry will suffer with oil prices as low as they are. It just seems like other industries should do better with lower fuel prices.
I was about to type the exact same post. Can someone explain to me why, say, Mattel, isn't skyrocketting? Joe Blow has an extra $20 a week in his pocket, and its cheaper for him to drive to the store to buy that Barbie. Why isn't Walmart skyrocketting? Its costing them $100,000,000 less in fuel to move those big trucks around the country, and John Public has an extra Hamilton to spend there as well. Other than the specific industries that find oil or natural gas, all values should be increasing.
Today, these people should have so much extra money that they'd light victory cigars with $100 bills, and enjoy a steady diet of hookers and blow.
Quote: HowManyI find it odd that when gas prices are at $3.50 - $4.00, many people constantly whine and complain they cannot afford anything because gas is consuming their entire budget.
Today, these people should have so much extra money that they'd light victory cigars with $100 bills, and enjoy a steady diet of hookers and blow.
Instead those same people will find something else to complain about. Some people are just never happy.
In Tampa/Orlando I saw gas for $1.79
Driving south it went to $1.99
In the everglades it was $2.79 YIKES, I had 80 miles to empty and 41 miles to Miami, I took my chances. Obviously I made it or I would have been crying about that already.
Miami was $2.09 and Fort Lauderdale was back to $1.99 which is where I filled up.
Got back home and it is $2.04
Essentially, yes. Economists are dumb scientists. They underestimated the size of the domestic production industry. It essentially WAS the recovery from the 2008 crash. They employed tons of people who made a ton of money and spent tons of that money.Quote: JoemanI'm confused. Back when oil prices went up at a fast rate, the economy suffered. Since the cost of energy is embedded in everything (manufacturing, transportation, etc.), we were told, prices must go up, even though no value was added to the end product. OK, I can understand that.
Now, oil prices are plummeting, and they are saying that the economy is bad because the price of oil is too low. Huh? Are they just making this stuff up as they go along?.
The low prices should have helped manufacturing and consumer spending, but it basically didn't. The strong dollar and weak China demand offset it as well.
Airline and car industries are doing incredibly.
http://www.detroitgasprices.com/
Quote: coilman$1.33 all over the Metro Detroit area .... that has to be a ERROR on the price listed at Sunoco
http://www.detroitgasprices.com/
Close.
I was in Texas this week and saw $1.29
You should leave California before it falls into the ocean, or worse. Oceanfront property is for sale in Arizona. Gas in GA holding round $1.65, less your $0.10 discount of course...Quote: ThatDonGuyNorth of San Francisco, it's "down" to $2.49. Of course, part of that is because of what has to be done to the fuel because of California emission laws.
Quote: DRichI finally saw a place in Vegas, Sams Club, that fell below $2. It was $1.99 at Sams Club.
I was in Texas this week and saw $1.29
couple places around Detroit are $1.27 today
http://www.detroitgasprices.com/
SOUTH of Detroit in Windsor 87 cents a litre seems average 3.8 L to 1 US gallon ....taxes are killing us here
Under $25 to fill the Landcruiser today!
Quote: ThatDonGuyNorth of San Francisco, it's "down" to $2.49. Of course, part of that is because of what has to be done to the fuel because of California emission laws.
$2.20 today. Well, $2.20 if you're paying cash; $2.30 with credit.
Quote: EvenBobMon it was 1.44, today it was 1.75. What the frick..
SEEMS the opec fellas might be slowing down the flow to agreed upon amounts...price of oil is up $5 a bbl in the past 5 days
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Retail prices locally are as low as $1.32 right now.
Lots of people losing jobs around Houston and all of the oil patch areas; luckily, Houston has become more diversified in types of businesses here and it is not as bad here as in the actual producing areas.
Drove by the same station last night and it was $1.699!
(If there ever was an argument to get an electric car...)
Quote: HeySlickEven worse than living in California - image the prices of Gas/Oil in Alaska --- ??
Gas in Anchorage Alaska is cheaper than in Las Vegas.
Quote: teddysIt could be worse. You could live in California...
(If there ever was an argument to get an electric car...)
$2.49/gallon in Southern California today for regular unleaded...but electricity isn't cheap here either, so you need to go the electric car/home solar panel combo pack...that will cost you a pretty penny...and you'll have range anxiety going to Vegas!!
I would just get a car that is rated 35+ MPG if you drive a lot. My "commute" is 3.5 miles each way so the cost of gasoline isn't a huge impact on my life one way or the other.
And it has been in the mid 70's all week...so there is that :-)!
Quote: IbeatyouracesBack up over $2.00 in most places in the Detroit area.
http://www.detroitgasprices.com/GasPriceSearch.aspx
She is smarter than I am.....
The good news is I'm headed for Destin/Ft Walton (kids Spring break), I get to go out fishing AT LEAST one day. Salivating now...
<edit> is there a Gamblin' boat out of Pensacola, or do I just spend the whole night(s) on the pier in Ft Walton?
Have fun on your trip to the Redneck Riviera, 2F!Quote: TwoFeathersATLThe good news is I'm headed for Destin/Ft Walton (kids Spring break), I get to go out fishing AT LEAST one day. Salivating now...
No boat that I know of, but it's only 2 1/2 hrs to Biloxi...Quote:Is there a Gamblin' boat out of Pensacola, or do I just spend the whole night(s) on the pier in Ft Walton?
OT, filled up for $1.979 yesterday.
Quote: Ibeatyouraces
Was over there on 8 mile road yesterday( returning a rack and pinion core for the $32 deposit) that $32 covered just over half of my tank fill (29 gallons at $1.99) ..... $58 US which is $80 Canadian.... to buy that same amount of gas here in Windsor today would have cost $115.71 Canadian yes $36 cheaper just a half mile across the river
BTW....when did they put a Meijer inside the city of Detroit>? Is that the only major grocery store located inside the city of Detroit ? <<<<things are looking up
http://www.detroitgasprices.com/map_gas_prices.aspx?z=11&lat=42.495651&long=-82.936628&sid=21322&ft=A
Quote: coilmanBTW....when did they put a Meijer inside the city of Detroit>? Is that the only major grocery store located inside the city of Detroit ? <<<<things are looking up
There are two. One on Grand River and the other on 8 Mile.
Quote: GWAENj apparently is raising gas tax by .23 a gallon. They will go from the cheapest in the region to the high end.
They will be adding a 23 cent per gallon tax on Nov 1. The total price per gallon will still be cheaper than neighboring NY.
http://www.nydailynews.com/news/national/n-gas-tax-set-rise-49th-6th-highest-u-s-article-1.2851490
It's time to resurrect this thread.
I stopped at Sam's Club on the way to work this morning in Albuquerque.
Member Price for Regular Unleaded, $1.25 per US Gallon.
Super Unleaded, $1.75.
IQuote: FatGeezusThey will be adding a 23 cent per gallon tax on Nov 1. The total price per gallon will still be cheaper than neighboring NY.
http://www.nydailynews.com/news/national/n-gas-tax-set-rise-49th-6th-highest-u-s-article-1.2851490
In addition to your increase in the gas tax, you all have those stupid tolls. So glad we don’t have any out west except maybe Calif, but they deserve it. We can go broke leaving the casino and don’t have to worry about having to pay the tolls to get home. Lowest I’ve seen in Reno is $1.97 for reg at a non brand station. Chevron is $2.49
Quote: DRichI saw $2.31 for regular unleaded today in Las Vegas. That is the cheapest I have seen.
Where in Vegas? I paid $2.70 the other day...Terribles Chevron, west side.
https://www.gasbuddy.com/GasPrices/Michigan/Detroit
