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[03Lightningrocks]

I sure hope that price has come down by now.

[iski]

Gas price average by state:  low $1.57 gl - 2.78 gl high.  National avg. is $1.91 gl.

Curses, the evil oil companies strike again!

http://www.gasbuddy.com/US

[BEIST]

Drove Dow to Baltimore MD today and gas was $1.75 a gallon - thirty cents cheaper than the $2.05 I had thought was a new low for my area - when I started the trip down.

[iski]

Undoubtedly another conspiracy that has nothing to do with supply or demand.....

[2k]

Paid $1.52 at a QT station in South Carolina on Wed.

[JCZ]

We're still over $3.00 a gallon for Premium.  Week before last just as they announced on the news that oil prices are at their lowest in more than ten years they then announced that once again, two of the four California refineries went offline for unexpected maintenance, causing the Calif. prices to stay high.   

[MIKEYTEE]

Murphy Gas at Walmart $ 1.55/gal. Costco $ 1.52/gal. yesterday.
SC has some of the lowest gas prices in the country, that is because of out low gas taxes ( they say we have the lowest in the country ). 

Mike
 

[JCZ]

Mike, just curious....what are you guys paying for diesel?

[iski]

Gas is cheaper in other places than it is here.  Tallahassee is 1.75 to 1.85 for unleaded.  Due to high taxes, El Nino, Global Warming, & conspiracies by the oil companies in collusion with the owners of the Quckie Marts, who may or may not be commies.

[MIKEYTEE]

Mike, just curious....what are you guys paying for diesel?

The norm here is $ 1.65/gal and the low is $ 1.56/gal.
94 Octane gas $ 1.72/gal low, norm $ 1.90/gal.
Mike
 

[OhioDave]

Paid $1.23 for regular today, I can't remember the last time it was that low.

[OBB]

Paid $1.23 for regular today, I can't remember the last time it was that low.

Nice, Lowest here right now was $1.51 for regular. That might have changed in the last hour though.

[FLSTFI Dave]

While the cheep gas might be nice, its killing the Economy in TX, MS, LA and to a lesser extent AL.  In these area's alone 200,000 good paying jobs have been lost.

My Company has laid off 30,000 in the USA and another 50,000 people world wide.  I have had my pay cut three times in 2015 (40% income loss) , and looking at a layoff around June.

Oil will go back up.  My educated guess is in 18 to 24 months.  Then the USA will have little to no drilling capacity, same with Brazil, Africa.  Middle east will have us by the short strings.  Expect close to 150 a barrel, with is around 4.50 a gallon.  Expect 5 to 6 years for the USA to build back up its drilling companies.

This was brought on because the USA was in 2015 the top producer of Oil and of Gas....We are no long, and going down fast.  Gulf of mexico is down to 26 rigs from 59 at the end of 2014.

Enjoy the cheep gas while you can.

[iski]

While the cheep gas might be nice, its killing the Economy in TX, MS, LA and to a lesser extent AL.  In these area's alone 200,000 good paying jobs have been lost.

My Company has laid off 30,000 in the USA and another 50,000 people world wide.  I have had my pay cut three times in 2015 (40% income loss) , and looking at a layoff around June.

Oil will go back up.  My educated guess is in 18 to 24 months.  Then the USA will have little to no drilling capacity, same with Brazil, Africa.  Middle east will have us by the short strings.  Expect close to 150 a barrel, with is around 4.50 a gallon.  Expect 5 to 6 years for the USA to build back up its drilling companies.

This was brought on because the USA was in 2015 the top producer of Oil and of Gas....We are no long, and going down fast.  Gulf of mexico is down to 26 rigs from 59 at the end of 2014.

Enjoy the cheep gas while you can.

Hope things go better for you, sounds like you are going through some tough times. Have watched this cycle more or less repeat since the 1970s.  Have watched friends do very well & then get busted flat when oil cycles lower.  It always does cycle lower, especially when all the brilliant economists (sarcasm) say oil price will never drop again because of....some economic BS or other fairy tales. 

When oil price per barrel runs higher (demand vs lower supply) it is inevitable that media will report the horrific evil greed of the oil industry (for fun check oil company profits vs a number of other industries & see where they fall), then consumers will bitch & moan about the prices. Have seen this over & over & over & over.  Especially when driving season occurs the bitching & moaning ramps up annually, for the USA that season begins late Spring & ends around Labor Day. It is useless to try to explain supply/demand/capacity/a la cart boutique formulations to most folks, they have more fun demagoguing the oil industry than actually paying attention to what is really causing price fluctuations.  Therefore, for many, stereotyping is a real time saver. I noticed this first in the 1970s I worked as a $1.45/hour full service gas station attendant. People would curse at me & throw money on the ground while screaming at me about high gas prices as they drove off.  Nowadays folks prefer to scream at the oil companies in part because the guy behind the counter possibly doesn't understand English anyway.

Iran is about to dump oil on the market & that will likely cause the barrel price to drop further.  Stock market is a reflection of a portion of what is occurring. Other industries are also affected, some positively, others negatively.

[smkymtnboy]

While the cheep gas might be nice, its killing the Economy in TX, MS, LA and to a lesser extent AL.  In these area's alone 200,000 good paying jobs have been lost.

My Company has laid off 30,000 in the USA and another 50,000 people world wide.  I have had my pay cut three times in 2015 (40% income loss) , and looking at a layoff around June.

Oil will go back up.  My educated guess is in 18 to 24 months.  Then the USA will have little to no drilling capacity, same with Brazil, Africa.  Middle east will have us by the short strings.  Expect close to 150 a barrel, with is around 4.50 a gallon.  Expect 5 to 6 years for the USA to build back up its drilling companies.

This was brought on because the USA was in 2015 the top producer of Oil and of Gas....We are no long, and going down fast.  Gulf of mexico is down to 26 rigs from 59 at the end of 2014.

Enjoy the cheep gas while you can.

dave, i think you are dead on! oil is a supply and demand deal. invest in your company while it is a cheap investment. good luck , with survival in the meantime. i have been nibbling at brazilian oil companies. they are really undervalued