Opposite gas prices thread than before

[PatrioticRick]

Damn still 2.239 here

[DefensiveCarry.com]

[obxned]

The ban on off-shore drilling expired, and the price of oil came crashing down. Look for a new ban in late January, and watch the price of gas double in a heartbeat.

[joleary223]

I did smile when I filled up this morning for 27.00 and change.

[coffeecup]

$1.81 here. Filled boat,truck,lawn mower,weed eater,power washer,leaf blower, chain saw, wood splitter, emergency generator,3-5 gallon cans and the "war depts" car.

It seems like everything I own runs on gasoline.

[Tangle]

The ban on off-shore drilling expired, and the price of oil came crashing down. Look for a new ban in late January, and watch the price of gas double in a heartbeat.

I'm concerned about that too, not to mention more taxes.

[Mtbiker]

I paid 2.49 for heating oil yesterday


The oil co wanted me to "lock in" at 4.09 a couple a months ago. I'm glad I didn't.

[EW3]

To be honest, I don't have a good feeling about the prices crashing as fast as they are. It seems to me that the oil producers are waking up to the fact that we are heading into a severe worldwide recession and demand will be way down at any price.

[PatrioticRick]

Got gas in Salt Lake City Friday for $1.75 a gallon.

[ccw9mm]

$1.99/gal for unleaded is popping up all over, now. The neighborhood stop-n-rob (a Chevron station and mini-mart) goes for $0.20 over that, but then they cater to the yuppies who don't mind.

Glad to see the air's being let out of that bubble. I guess it means the oil giants will only make $100B in profits next year. Oh nooooo ... bailout!

[JAT40]

To be honest, I don't have a good feeling about the prices crashing as fast as they are. It seems to me that the oil producers are waking up to the fact that we are heading into a severe worldwide recession and demand will be way down at any price.

I agree, crashing prices falling this fast is a very bad sign we're in for tough times ahead.

[Miggy]

OPEC finally figured out they almost killed the goose that layed their golden egg. They will keep dropping the prices until we convince ourselves to do nothing whatsoever about our dependence on them.

I hope the (can't write the word here) were heavily invested in the derivatives Paulson now won't buy.

Hopyard, I disagree. OPEC members are not happy at all with the price dropping like crazy just the opposite. Their projected income has basically disappeared into thin air and they will have a tough time maintaining their population happy now. If you think we ware going to have troubles with unemployment rising here, you have no idea the kind of hell it will cause in OPEC countries because they won't have the cash to play Daddy Government That Gives Everything Away.
Venezuela is about to take a bigger even hit. Chavez has been giving away oil at cheap prices to his allies in the region plus loads of cash to whatever group support his revolution in Latin America. That is about to crash and burn due to the price drop. I would not be surprised to see food riots (and promptly quelled by force) next year in Venezuela.

[TRICKORMATE]

$1.59 in Tulsa

[Hydrashok Glock]

1.63 at Kroger on the way home, and thta means if you have $100 spent on your account you get 10cents off. So it 1.53. I so proud of my math skills sometimes

[Stranger]

The prices are still ridiculous. I was buying on road diesel for .75 to .95 a gallon in 02 depending on the day and promo at the station. Ever since they passed that damn ultra low sulfur mandate the cost has been sky high. Diesel should never cost more than gas.
I really believe that the cost of diesel drives inflation more than any thing else. At some point diesel is involved with everything you buy and that cost is passed on.
Not to mention I noticed parts in contact with the fuel aren't lasting as long either...but that might just be me thinking that.

[ccw9mm]

I agree, crashing prices falling this fast is a very bad sign we're in for tough times ahead.

Yup. Much of the world economy's spigot (via financing of working capital and loans) was shut off over the past 12mos. Unless that switch is turned back on, it's going to be bumpy indeed.