Thread: Oil

Gas and oil are very cheap in the us right now and have been so for quite some time running around 30 bucks a barrel. The low price is causing many of shale companies in the Dakotas to shut down. I was reading an article saying by 2019 oil will become exorbitant again as oil companies are not investing in exploration so eventually the cheap glut will lead to a shortage. Other analysts say the see no quick end to the cheap prices. The Saudis seem quite smart. With prices low they continue to flood the market to shut down competition from Russia and the us. A gallon of gas is about 2.20 for the cheap grade in my part of the us, but my state has one of the highest tax rates.

Originally Posted by walrus

Gas and oil are very cheap in the us right now and have been so for quite some time running around 30 bucks a barrel. The low price is causing many of shale companies in the Dakotas to shut down. I was reading an article saying by 2019 oil will become exorbitant again as oil companies are not investing in exploration so eventually the cheap glut will lead to a shortage. Other analysts say the see no quick end to the cheap prices. The Saudis seem quite smart. With prices low they continue to flood the market to shut down competition from Russia and the us. A gallon of gas is about 2.20 for the cheap grade in my part of the us, but my state has one of the highest tax rates.

Cheap over here as well

Originally Posted by Xwetie

Originally Posted by walrus

Gas and oil are very cheap in the us right now and have been so for quite some time running around 30 bucks a barrel. The low price is causing many of shale companies in the Dakotas to shut down. I was reading an article saying by 2019 oil will become exorbitant again as oil companies are not investing in exploration so eventually the cheap glut will lead to a shortage. Other analysts say the see no quick end to the cheap prices. The Saudis seem quite smart. With prices low they continue to flood the market to shut down competition from Russia and the us. A gallon of gas is about 2.20 for the cheap grade in my part of the us, but my state has one of the highest tax rates.

Cheap over here as well

What do you guys pay. You buy by the litre right?

Originally Posted by walrus

Originally Posted by Xwetie

Originally Posted by walrus

Gas and oil are very cheap in the us right now and have been so for quite some time running around 30 bucks a barrel. The low price is causing many of shale companies in the Dakotas to shut down. I was reading an article saying by 2019 oil will become exorbitant again as oil companies are not investing in exploration so eventually the cheap glut will lead to a shortage. Other analysts say the see no quick end to the cheap prices. The Saudis seem quite smart. With prices low they continue to flood the market to shut down competition from Russia and the us. A gallon of gas is about 2.20 for the cheap grade in my part of the us, but my state has one of the highest tax rates.

Cheap over here as well

What do you guys pay. You buy by the litre right?

yes we buy by the litre
1.2 usd a liter?

Wow, you still pay more than us. About 3.7 litres per gal!on. I guess its all relative, you probably pay less than us in other things.

Ours is exactly 1 dollar American per liter at the moment cause its 1.47 a litre. 1.43 Aus to 1.00 US.

Originally Posted by Andre

Ours is exactly 1 dollar American per liter at the moment cause its 1.47 a litre. 1.43 Aus to 1.00 US.

So you are over 3 bucks a gallon. I just saw a place selling regular for1.95 a gallon. That means some us states are probably paying 1.50 a gallon.

Originally Posted by walrus

Originally Posted by Andre

Ours is exactly 1 dollar American per liter at the moment cause its 1.47 a litre. 1.43 Aus to 1.00 US.

So you are over 3 bucks a gallon. I just saw a place selling regular for1.95 a gallon. That means some us states are probably paying 1.50 a gallon.

The spoils of war.

Just filled up at 1.54 a gallon down here! I do notice a few smaller independent stations with more and more white bags over the nozzles. That's the universal NO GAS sign and seeing it this time of year is a bit odd.

around 95 cents right now just outside of metro vancouver and their translink tax(about 10 cents more in the vancouver area). Translate to about $2.48 usd a gallon which is nice, I am sure it won't be long before it starts climbing again for whatever random reasons

Originally Posted by palmerq

around 95 cents right now just outside of metro vancouver and their translink tax(about 10 cents more in the vancouver area). Translate to about $2.48 usd a gallon which is nice, I am sure it won't be long before it starts climbing again for whatever random reasons

Wait, the loonie is that strong? Shit, .95 Canadian is 2.48 or are you buying by the litre in canada. Never mind, you must be buying by the litre.

1.67 in El Paso; 2.12 in Springerville Az; 1.98 in Flagstaff. Mid 2.20s in the Navajo Nation.

A buck a litre so about 4 bucks a gallon. Thats cheap for way up here. Sad. We got more oil and gas than just about anyone and pay more then anyone. Our dollar has also dropped like a rock.

Btw a litre of milk is 2.50

Ours in 99p per litre both diesel and petrol. the lowest it has ever been for many years.

It is still overpriced when you compare the market price to how much it has reduced at the pump. They fleece you when it is up and they fleece you when it is down. Humanity is doomed competing for, and dying and relying on this toxic gunk.