Oil at less than $48/barrel
- Thread starter Finz
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Hope it lasts until summer so I can put all kinds of hours on my boat.
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What price per barrel equates to sub-dollar per gallon gasoline?
WiskyBadger
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Originally Posted By: Pajamarama
What price per barrel equates to sub-dollar per gallon gasoline?
This!
What price per barrel equates to sub-dollar per gallon gasoline?
This!
Depends on the state, in the Northeast never. To many road taxes on fuel.
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I don't believe so....the Saudis at the behest of the US and
Global Banking Interests are trying to destroy Russia via
economic warfare. I think it is possible that oil could drop to 25$/barrel or less. However I hate to think of the consequences of such warfare. Russia will NOT take this attack lying down, also the other consequence is that our own oil and gas producing business is being destroyed as well. Bottom line is extremely low prices will damaging our own interests in the US as well, but the evil globalists don't give a rats behind they have proven time and time again that their interests do NOT coincide with our own US interests.
Global Banking Interests are trying to destroy Russia via
economic warfare. I think it is possible that oil could drop to 25$/barrel or less. However I hate to think of the consequences of such warfare. Russia will NOT take this attack lying down, also the other consequence is that our own oil and gas producing business is being destroyed as well. Bottom line is extremely low prices will damaging our own interests in the US as well, but the evil globalists don't give a rats behind they have proven time and time again that their interests do NOT coincide with our own US interests.
Gasoline at Costco today was $2.299 per gallon. If you subtract the 71 cents tax, it would've been $1.589.
I have to vent my own personal rant of the day. I am tired of hearing how the low oil prices are bad for the economy. I really don't care if energy stocks are down and the DOW loses a few hundred points. My 401k will suffer a bit. Oh well. For nearly a decade gas has cost 3 - 4 dollars a gallon and it has been a real drag on the economy as wages have been stagnant. I drive a lot for work, so I am really seeing the difference in my wallet. So stop telling me how this is bad for the economy. You can easily correlate the increase in energy prices to the decrease in our economy. It just seems like we have to twist every bit of news into a negative point of view for some reason - the benefit of someone or something.
Originally Posted By: Merkava_4
Gasoline at Costco today was $2.299 per gallon. If you subtract the 71 cents tax, it would've been $1.589.
The government always makes far more profit per gallon than the oil companies. They don't earn it, nor have any risk in it. Yet people complain about 'big oil' and their profits.
Gasoline at Costco today was $2.299 per gallon. If you subtract the 71 cents tax, it would've been $1.589.
The government always makes far more profit per gallon than the oil companies. They don't earn it, nor have any risk in it. Yet people complain about 'big oil' and their profits.
Originally Posted By: bvance554
Originally Posted By: Merkava_4
Gasoline at Costco today was $2.299 per gallon. If you subtract the 71 cents tax, it would've been $1.589.
The government always makes far more profit per gallon than the oil companies. They don't earn it, nor have any risk in it. Yet people complain about 'big oil' and their profits.
Not to diminish your point but it's funny: so seldom do you see the words Government and Profit in the same sentence
Originally Posted By: Merkava_4
Gasoline at Costco today was $2.299 per gallon. If you subtract the 71 cents tax, it would've been $1.589.
The government always makes far more profit per gallon than the oil companies. They don't earn it, nor have any risk in it. Yet people complain about 'big oil' and their profits.
Not to diminish your point but it's funny: so seldom do you see the words Government and Profit in the same sentence
Originally Posted By: Finz
Originally Posted By: bvance554
Originally Posted By: Merkava_4
Gasoline at Costco today was $2.299 per gallon. If you subtract the 71 cents tax, it would've been $1.589.
The government always makes far more profit per gallon than the oil companies. They don't earn it, nor have any risk in it. Yet people complain about 'big oil' and their profits.
Not to diminish your point but it's funny: so seldom do you see the words Government and Profit in the same sentence
Yup
Originally Posted By: bvance554
Originally Posted By: Merkava_4
Gasoline at Costco today was $2.299 per gallon. If you subtract the 71 cents tax, it would've been $1.589.
The government always makes far more profit per gallon than the oil companies. They don't earn it, nor have any risk in it. Yet people complain about 'big oil' and their profits.
Not to diminish your point but it's funny: so seldom do you see the words Government and Profit in the same sentence
Yup
Originally Posted By: bvance554
I have to vent my own personal rant of the day. I am tired of hearing how the low oil prices are bad for the economy. I really don't care if energy stocks are down and the DOW loses a few hundred points. My 401k will suffer a bit. Oh well. For nearly a decade gas has cost 3 - 4 dollars a gallon and it has been a real drag on the economy as wages have been stagnant. I drive a lot for work, so I am really seeing the difference in my wallet. So stop telling me how this is bad for the economy. You can easily correlate the increase in energy prices to the decrease in our economy. It just seems like we have to twist every bit of news into a negative point of view for some reason - the benefit of someone or something.
Huh?
How is consumers with less money spent on fuel,meaning more money to spend elsewhere bad for the economy.
It's bad for the oil companies economy however the rest of the buying public wins.
I have to vent my own personal rant of the day. I am tired of hearing how the low oil prices are bad for the economy. I really don't care if energy stocks are down and the DOW loses a few hundred points. My 401k will suffer a bit. Oh well. For nearly a decade gas has cost 3 - 4 dollars a gallon and it has been a real drag on the economy as wages have been stagnant. I drive a lot for work, so I am really seeing the difference in my wallet. So stop telling me how this is bad for the economy. You can easily correlate the increase in energy prices to the decrease in our economy. It just seems like we have to twist every bit of news into a negative point of view for some reason - the benefit of someone or something.
Huh?
How is consumers with less money spent on fuel,meaning more money to spend elsewhere bad for the economy.
It's bad for the oil companies economy however the rest of the buying public wins.
The California State Senate is already talking about the opportunity to raise gasoline taxes because of the drop in the price of oil.
If politicians had to work for a living they might see the wisdom of living on a budget like us ordinary working people.
If politicians had to work for a living they might see the wisdom of living on a budget like us ordinary working people.
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