Do you, per chance, own a Wagon Queen Family Truckster?
Posted on 05/04/2017 9:09:00 AM PDT by bananaman22
Oil prices dropped on Thursday to their lowest level since last November, with Brent breaking below $50, amid concerns of rising global supply and still high inventories.
At 11:22am EDT, WTI Crude was trading down 2.82 percent at $46.47, while Brent was down 2.62 percent at $49.46 -- with both WTI and Brent having effectively wiped out all the price gains since OPEC announced on 30 November 2016 the output cut deal aimed at reducing oversupply and propping up prices.
On Wednesday, a day after the American Petroleum Institute (API) injected a bit of optimism among traders by reporting a crude oil inventory draw of 4.2 million barrels, the EIA once again poured cold water on the oil bulls by reporting a much smaller decline, of 900,000 barrels, against expectations for a decrease of 2.3 million barrels.
(Excerpt) Read more at oilprice.com ...
Glad to hear it. That will lessen the impact of the new 12 cents/gallon state tax soon to be imposed in CA.
Let’s see how many months it takes for gas prices to drop.
$2.68 for reg in Eastern Nevada.
Good. My tactical reserve is now empty and needs to be refilled prior to Memorial Day.
$2.099 in Cincinnati yesterday.
1.99 in north atlanta on 5/4
Maybe I’ll take my 4000 pound road hog on a trip this summer.
As someone with a 150 mile daily commute, this pleases me.
Putin’s days are numbered if this continues
Yeah but how many months does that last with the stupid ethnol in it?
There will be less domestic drilling with oil prices falling.
Reg $ 2.85 on Calif coast, and that’s freakin’ Arco..!
$2.36 NW Florida Panhandle..................
Can’t wait to hear from the experts how this is a bad thing.
It’s possible that Putin is the target. Russia has no debts to the world bank or imf. He’s got an arrest warrant out on Soros and kicked the Rothschilds out. I’m sure these scum want to pull him down.
And no I’m not a Putin fan. But he seems to have done what’s necessary for Russia instead of going globalist like our traitor politicians.
If they reported an increase of $3 per barrel, prices at the pump would be going up before the Sun sets.
Odd how that works.
Do you, per chance, own a Wagon Queen Family Truckster?
I use Pri-G in all my gas containers/tanks. That stuff makes a 5 gallon container still good after 5 years. My car is running on 5 year old gas now. Runs like a top.
With prices this low I'll be speeding up my rotations.
I am doing my part. My car gets 11 mpg.
Needs to be about 50 bucks so US Oil guys can make money have jobs
Only have to think about summer vs winter formulations
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