Cheap Gas Prices

[dreamaker]

What is you feelings on these cheap gas prices, I have a bad feeling about it.  Wealthy people don't just throw profit away, it is hard for me to believe anyone theses days work in our best interest without strings attached. I got a bad feeling about this and I pray I am wrong.

[T-Bird]

Right now the oil companies in the U.S. and Canada have been drilling for new oil, with great succes.
This has brought down the price of crude oil here in North America. This has made OPEC drop their crude prices, to try to keep what market share they can in the U.S. and Canada. I am like you, I am skeptical of how long these "Good Times" will last. It's hard to believe that the U.S. oil companies would give up this big profit. I do know it is helping our economy, I have saved $200. so far for the month of December. Now if we can get 100% gas back at the pumps, we can get more MPG and save even more. (Save the corn for the jar)

BTW...I just filled up at $187. gal

[old2soon]

As I understand it-and if I'm wrong I'm wrong-the oil producing countries are not going to cut production so it will cost too much for the U S of A to pump their own oil. I have zero idea what this will do to the banks that have a lot invested in oil futures. I KNOW the obuminater wanted $5.00 a gal gas here in the U S of A. There are one or two places here in the Sho Me under $2.00. BUT on the other hand produce prices are thru the roof. I wanted some tomatoes for my salad tonight. At cursed near $3.00 a pound I'll do with out. Everything I've read sez the fuel prices will continue to drop. Too many fingers in too many pies to KNOW whether this is a GOOD thing or NOT.   Pricing is far to convuluted to try even half heartedly to follow.   I've got taking heads telling me it's a good thing.   Other talking heads on the other hand tell me it's a bad thing!   WHO zackly ya wanna believe?   RIDE SAFE.

[Serk]

US based Shale production has a break-even point of around $85 a barrel.

IMHO the intent of OPEC isn't to compete with the US production, their intention is to bring oil well under that $85 a barrel mark long enough to drive most of the American shale market out of the business, then once they've done that and "own" the market again, bring the prices right back up where they were.

[KY,Dave (AKA Misunderstood)]

US based Shale production has a break-even point of around $85 a barrel.

IMHO the intent of OPEC isn't to compete with the US production, their intention is to bring oil well under that $85 a barrel mark long enough to drive most of the American shale market out of the business, then once they've done that and "own" the market again, bring the prices right back up where they were.

They're already well below the $85 a barrel now and have been.
http://www.nasdaq.com/markets/crude-oil.aspx

I think its like everything. We don't know why its up when its up or down when its down. The "talking heads" will give a spin either way but usually just stories to pacify the masses. They manipulate it for their gains and we just have to pay what it is. Happy to see it down but dont expect it to last for long. 

[Jess from VA]

I wish I could buy a barrel (55gal) of .45ACP for $85. 

[cookiedough]

saves me 40 bucks per week, I'm happy.

How can lower gas prices be bad for the consumer?

Now I wish the banks would offer savings and CD's back up to 5% or more as they once were vs. the piddly 1/2 percent offered now.    I'm a dreamer 

[Windrider]

Hey guys, one report I saw suggested the low prices might not last too long. It's a supply and demand issue. Some of the increased productivity in North America depends on expensive technology that may not be sustainable at the low price levels. But WOW it's fun to see some pressure on OPEC for change. 

[dreamaker]

May be it is a product of over thinking things on my part, when things like gas going as low as it has, I also use other things as a barometer.  Like things that is directly effected by fuel. Airline costs, FOOD, utilities and so on, which have not gone lower like the gas has. Makes me think it is very temporary. My feelings are, from past experiences, when the fuel prices lower it seem like the industry tries to re-leave the public pressure. It seems like after words that something happens, like refinery caught on fire, major break down, so and so forth. Far as supply and demand, I think that is a pile of crap, they make the shortages. Supply and demand was a good tool in the past to help business survive, specially small one. They use it now to justify the rise in prices in any product.   

[weeder]

What is you feelings on these cheap gas prices, I have a bad feeling about it.  Wealthy people don't just throw profit away, it is hard for me to believe anyone theses days work in our best interest without strings attached. I got a bad feeling about this and I pray I am wrong.

What do you mean by bad feeling?     This is an area of my expertise  ,  what do you mean?

[weeder]

As I understand it-and if I'm wrong I'm wrong-the oil producing countries are not going to cut production so it will cost too much for the U S of A to pump their own oil. I have zero idea what this will do to the banks that have a lot invested in oil futures. I KNOW the obuminater wanted $5.00 a gal gas here in the U S of A. There are one or two places here in the Sho Me under $2.00. BUT on the other hand produce prices are thru the roof. I wanted some tomatoes for my salad tonight. At cursed near $3.00 a pound I'll do with out. Everything I've read sez the fuel prices will continue to drop. Too many fingers in too many pies to KNOW whether this is a GOOD thing or NOT.   Pricing is far to convuluted to try even half heartedly to follow.   I've got taking heads telling me it's a good thing.   Other talking heads on the other hand tell me it's a bad thing!   WHO zackly ya wanna believe?   RIDE SAFE.

Talking heads are a TOOL - payed ACTORS  , there job is to manipulate you--   F them completely.

[weeder]

May be it is a product of over thinking things on my part, when things like gas going as low as it has, I also use other things as a barometer.  Like things that is directly effected by fuel. Airline costs, FOOD, utilities and so on, which have not gone lower like the gas has. Makes me think it is very temporary. My feelings are, from past experiences, when the fuel prices lower it seem like the industry tries to re-leave the public pressure. It seems like after words that something happens, like refinery caught on fire, major break down, so and so forth. Far as supply and demand, I think that is a pile of crap, they make the shortages. Supply and demand was a good tool in the past to help business survive, specially small one. They use it now to justify the rise in prices in any product.   

Lot of good points here .

Also  Brother don't feel you have to qualify your opinion  F em   We all try to throw perfect darts and that's it.

"Industry tries to re-leave the public pressure"    - I never heard that and that is a good point , made me think . 
something Is being deflated.

An interesting thing I read was  to cut production  the Saudis  responded;  'why should we cut when the USA produces as much  oil as we do!  .  LOL

watch you background  and ride safe   --W

[dreamaker]

What is you feelings on these cheap gas prices, I have a bad feeling about it.  Wealthy people don't just throw profit away, it is hard for me to believe anyone theses days work in our best interest without strings attached. I got a bad feeling about this and I pray I am wrong.

What do you mean by bad feeling?     This is an area of my expertise  ,  what do you mean?

I'm quite sure of your meaning, I guess that one went over my head.

[GotValk]

What did they say some years back? oh yah drill baby drill !!!!
just might haunt us!

[jimmytee]

As T-Bird mentioned, the low cost is due to the amount of oil on the market. This from the success of North American energy companies and the mentioned position of the OPEC nations who are continuing to flood the market. The intent, as mentioned above , to flood the market by he OPEC nations is to drive the North AMerican companies out . Someone posted that the line of $85 per barrel was where the US companies would be driven out, but I've heard it was more like $56 per barrel. We crossed that line just the other day. No matter, all that I've read or heard has pointed to the low prices are here for awhile. At least through 2015. It is $1.96 at the corner down from my neighborhood.

The fact remains that we need to be energy independent . We have more oil than the middle east. There is no reason we should have to cower or let our foreign affairs be tempered because of our need for oil. We have it right here.

[WNGD]

First of all, gas is not yet cheap, we've just been conditioned to think it is after getting scr*wed hard the last few years. And gas has been lagging oil dropping to a great degree. Reports are all over the news on how much the gov't is losing in taxes with oil at these levels so you can be sure they will be artificially rising soon enough for whatever reason

[98valk]

this is more about the dollar going up in value. currency wars are going on right now.
oil prices were up not to long ago and the dollar was weak dropping in value esp when oil was $130 barrel. the people causing this are making $$$$$$$$$$$$$$$$$$$$$$$$
buying the ups and downs in advance in the futures markets

http://www.ebay.com/itm/Currency-Wars-The-Making-of-the-Next-Global-Crisis-/291330753146?pt=US_Nonfiction_Book&hash=item43d4aa827a


this will all end, and which is a planned event in 2016, looks like a crash of the world financial system, which will lead to a new three world currency system.
some countries will go away and become part of other countries.
Pray and get right with Jesus The Christ and know the Truth for the Truth will set one free.

[T-Bird]

Our Tennessee governor, stated today he was going up on our gas taxes.
Like always.... they give it to you in one hand, and take it away with the other

[John Schmidt]

These gas prices are much like having a relationship with that popular cute gal in high school. You know it isn't going to last so you enjoy it while you can and make the best of it. 

Best price I've seen so far was on the south side of Orlando, $2.30/gal. Most around here are in the higher $2.30 range; $2.35 to $2.39.

[dreamaker]

Its hard to get it out of my head, it make me think it is a distraction or illusion to take the focus off of something. Allot of weird stuff is going on right now. Countries censoring and threatening over our movies, cops getting assassinated over, deaths of criminals, a leader that appears to be making dumb decisions. Hard to say what the true reason is,one thing for sure it is causing chaos, but my feels are in the end it will not benefit us, and we will pay dearly for it.

[3fan4life]

The oil companies aren't really losing profits over this temporary drop in oil prices.

The last time that oil was this cheap gas was @ .99 per gallon.

We have been conditioned by the higher gas prices for so long that we are so relieved by the $2.00 per gallon mark that we don't realize we are still being ripped off.   

[old2soon]

Just looked at wally wurld-Festus Mo. just South of St lou-1.93.9 Republic Mo-little west and south of Springfield Mo-1.899. With the wally wurld card .03 cents less than posted price. Within 25 miles of me bout 2.03.9. And that's fer 87 octane with corn.  And what I read this A M alresdy said prices are going to continue to fall fer a spell yet. RIDE SAFE.

[jimmytee]

$1.96 per gal. Down from my house.

[dreamaker]

I just seen down the street $2.15 reg. cash.

[98valk]

www.gasbuddy.com

put zip in see prices in area

[Hoser]

$1.99 a gallon regular with 7 cents off per gallon for cash payment in Auburn Ks. My pickup truck holds 40 gallons.  Jackpot! Hoser  

[HurstRob]

Cheap gas benefits me greatly at about a tank everyday and a half. But Cheap oil (under $65 ) a barrell will be bad for Tex, Lousiana, Ok, Kan, Dakotas and California. There is no reason to run those pumps and continue drilling and processing. That would mean huge layoffs in a segment of the economy that has been a bright spot and helped pull us out of the recession.
I really have a bad feeling about 2015 & 2016, it wont take much bad news to get folks to hold back their cash and wait to remodel those kitchens and baths.

[Patrick]

From what I read OPEC can get the stuff into barrels for $11/barrel.
We can't do that so they're hoping to cut our production.

I still say drill baby drill, for natural gas.
Our dumb ass governor has not allowed drilling in this state for the past 3 years. I think natural gas is the future of this country.

I'd just like to see us completely independent of these dickheads. Let them go back to herding camels and living in tents.

[..]

The oil companies aren't really losing profits over this temporary drop in oil prices.

The last time that oil was this cheap gas was @ .99 per gallon.

We have been conditioned by the higher gas prices for so long that we are so relieved by the $2.00 per gallon mark that we don't realize we are still being ripped off.   

You have to factor in rising costs in employement, transportation, taxes etc etc etc etc and then arrive at a pump price. Whether we are being ripped off? It's hard to determine by how much.

[KY,Dave (AKA Misunderstood)]

Finally down to $2.06 here now.......

[F6Dave]

Overall this should be good for the economy, especially heavy fuel users like airline and trucking companies.  It hasn't been mentioned much, but all branches of government will see a drop in tax revenues.  When you buy gas, the government gets a lot more than the gas tax posted on the pump.  The producer pays income and severance taxes, the refiners and distribution network (gas stations) pay taxes, and the landowners pay tax on their royalties.  When all is said and done, the government keeps over half of what's paid for a barrel of oil.

BTW, 'Big Oil' is not what you might think.  The 5 largest oil companies in the world are:

1 - Saudi Aramco
2 - Gazprom
3 - National Iranian Oil
4 - ExxonMobil
5 - PetroChina

'Big Oil' is overwhelmingly state owned companies.

[dreamaker]

I don’t mean to put a stick in the spokes, but let me toss this out there.   The unexplained, kind of interests me, so on occasion I watch programs and documentaries on the unexplained.   Several years past I recall watching this documentary on the Bermuda and the Great Lakes Triangle.  The program was going on and they came to a part where they may have somewhat of explanation for some of the disappearances.  Apparently in the Atlantic Ocean, on occasion, there are large gas pockets, when active and in the event any type of watercraft's would go through these pockets the boats or ships looses it buoyancy and would drop to the bottom.  What they found what causes these gas pockets, is the bottom of the Atlantic has a plate shift, like an earth quake under water and under the crust there is a layer of frozen, condensed, Methane gas. When it gets exposed it causes these gas pockets that may be the reason of disappearances.  OK!!  What’s this got to do with gas prices???  Also what they found and if I recall correctly, it was during the Bush administration and brought to his attention.  They said there was an unlimited abundance of frozen Methane under the Atlantic floor.  They took a small chunk of this frozen Methane and its cadenced form it had the energy to accommodate a small city for about a month.  And at that time Bush wanted to sit on it for now. Now that was a while back, things may have changed, I am not a Geologist, and some of you may have a better understanding of it.  I am in Mich., Lake St. Clair is down the street from me, in the winter I walk out on the ice to roam around. The snowmobile-rs and fishermen advise me to be careful for the gas pockets that come through the ice and one could go through. I stepped on one once, dropped about 4” and nearly crapped in my drawers, but didn’t go through, so I know they exists.  Anyway what do you think!!!!  By the way, this can easily be used as a fuel source.

[baird4444]

           I saw $2.09 today in Montrose, Colorado.

                                        - Mike

[old2soon]

Just looked at Murphy again. West Plains Mo. bout 25 miles south of me $1.98.9 now. .05 cent drop in one day. I'd have to look it up to see the last time gasoline was under 2 bucks a gal here. While I am NOT complaining I most likely will be bitchin long and loud when the price-as it must/will-start on an express elevator ride for the stratosphere.  RIDE SAFE.

[dragon_slayer_129]

Gas dropped here again today.....down to 1.99 (something that I haven't seen in a LOONG time) and with my .20 refund with my shell mastercard it's a whopping 1.79 a gallon    I haven't filled my car up for less than 20 bux in years.  Now if they would just drop the cost of diesel I would be golden.  That is still at 3.15 a gallon and is cheaper to make than gas......explain that one to me

[98valk]

Gas dropped here again today.....down to 1.99 (something that I haven't seen in a LOONG time) and with my .20 refund with my shell mastercard it's a whopping 1.79 a gallon    I haven't filled my car up for less than 20 bux in years.  Now if they would just drop the cost of diesel I would be golden.  That is still at 3.15 a gallon and is cheaper to make than gas......explain that one to me

diesel, some states have higher taxes, but main thing is cost to make it low sulfur, which is coming to all gasoline by 2/3s sulfur reduction by '17 all based on junk science. since the late '90s the air going into a vehicle is dirtier then what comes out of the tail pipe, they are using the vehicles as filters to clean up the natural air pollutants that are always present from the earth. and now they are using cabin filters also.
they tried to do this to US navy ships about 10 yrs ago, complaining that the seawater discharge was putting heavy metals into the sea indicating that the piping systems were causing this. the navy had to spend millions to prove to these epa clowns that what they were measuring were the natural metals which are in sea water. another section in my office was directly involved.

[old2soon]

Gas dropped here again today.....down to 1.99 (something that I haven't seen in a LOONG time) and with my .20 refund with my shell mastercard it's a whopping 1.79 a gallon    I haven't filled my car up for less than 20 bux in years.  Now if they would just drop the cost of diesel I would be golden.  That is still at 3.15 a gallon and is cheaper to make than gas......explain that one to me

diesel, some states have higher taxes, but main thing is cost to make it low sulfur, which is coming to all gasoline by 2/3s sulfur reduction by '17 all based on junk science. since the late '90s the air going into a vehicle is dirtier then what comes out of the tail pipe, they are using the vehicles as filters to clean up the natural air pollutants that are always present from the earth. and now they are using cabin filters also.
they tried to do this to US navy ships about 10 yrs ago, complaining that the seawater discharge was putting heavy metals into the sea indicating that the piping systems were causing this. the navy had to spend millions to prove to these epa clowns that what they were measuring were the natural metals which are in sea water. another section in my office was directly involved.

        This is also the SAME gubmint that wants 15% corn in the gasoline AFTER ALL the engine manufacturers have said it WILL damage engines and VOID warranties.  But our gubmint ALWAYS knows what's best fer us!  RIDE SAFE.

[98valk]

Gas dropped here again today.....down to 1.99 (something that I haven't seen in a LOONG time) and with my .20 refund with my shell mastercard it's a whopping 1.79 a gallon    I haven't filled my car up for less than 20 bux in years.  Now if they would just drop the cost of diesel I would be golden.  That is still at 3.15 a gallon and is cheaper to make than gas......explain that one to me

diesel, some states have higher taxes, but main thing is cost to make it low sulfur, which is coming to all gasoline by 2/3s sulfur reduction by '17 all based on junk science. since the late '90s the air going into a vehicle is dirtier then what comes out of the tail pipe, they are using the vehicles as filters to clean up the natural air pollutants that are always present from the earth. and now they are using cabin filters also.
they tried to do this to US navy ships about 10 yrs ago, complaining that the seawater discharge was putting heavy metals into the sea indicating that the piping systems were causing this. the navy had to spend millions to prove to these epa clowns that what they were measuring were the natural metals which are in sea water. another section in my office was directly involved.

        This is also the SAME gubmint that wants 15% corn in the gasoline AFTER ALL the engine manufacturers have said it WILL damage engines and VOID warranties.  But our gubmint ALWAYS knows what's best fer us!  RIDE SAFE.

Don't be afraid, we're from the gubmint, we're here to help you. 

[Oss]

lower gas price does not equal low airline tickets

competition is gone in most markets so it wont happen

The airline stocks will benefit so if you own some you are probably lookin good this quarter

Currency manipulation is SUPPOSED to be what governments do to protect their own currencies

The Saudi's are crapping their pants we will leave them hanging so they will screw us but not enough we will step in and take their freakin oil    The russians are reeling from a falling ruble and need cash for their oil so they wont lower production  so I see this as a temporary drop.

Maybe what we need to do is have a policy of buying less oil from places like Iran, Venezuela and the Gulf and more from our allies while this goes on.  Also contracting govmt oil purchases from domestic only sources like North Dakota for our jet fuel and gas for the armed services at the break even point plus some percent on 30-60 day contracts so the other countries cant crash our economy and the fluctuations get less severe day to day

Dont trust not a one of them, they dont care about us just the bottom line

NYC we hit 2.85  nothing to write home about but better than it was for sure 

Oss

[Felonious Thump]

In my main vehicle it's almost $30 less to fill my tank. Kids and grandkids were real happy at Christmas.