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Oil prices could soon turn negative as the world runs out of places to store crude, analysts warn
CNBC ^ | April 1, 2020 | Sam Meredith

Posted on 04/01/2020 11:38:35 AM PDT by C19fan

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To: samadams2000
Yikes. I just filled up at $1.219 list price with an additional $1 per gallon discount, so a net price of $0.219 per gallon.

I just love saying 22 cents per gallon.

21 posted on 04/01/2020 11:51:44 AM PDT by KarlInOhio (Newton invented calculus when the plague shut down Cambridge. What will you do with your time off?)
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To: FreedomPoster

I filled up yesterday with regular gas in North Charleston, SC at 1.45 a gallon.


22 posted on 04/01/2020 11:52:49 AM PDT by Hillarys Gate Cult
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To: FreedomPoster

Less taxes


23 posted on 04/01/2020 11:56:44 AM PDT by Regulator
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To: C19fan

$1.39 per gallon at the Raceway on Stateline Rd. in Southaven, Mississippi this morning!!


24 posted on 04/01/2020 11:57:31 AM PDT by Married with Children (At)
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To: C19fan

Former TX governor and Energy Secretary Rick Perry had it right in an interview I saw yesterday. Prohibit imports of foreign oil and use our refinery capacity to refine US produced oil only. This will take care of the surplus and give the producers some relief from the cellar oil prices.


25 posted on 04/01/2020 11:57:37 AM PDT by CedarDave (Wash your hands like you just peeled a sack of green chile and need to take out your contact lenses.)
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To: Regulator

$1.75 and no place to go


26 posted on 04/01/2020 11:58:57 AM PDT by NonValueAdded ("Sorry, your race card has been declined. Can you present any other form of argument?")
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To: 1Old Pro

Yes, some oil wells do have to keep flowing, or risk plugging, gelling or otherwise quit flowing.

Same with the pipelines. They really need to be kept moving, and they will not work anything less than completely full.


27 posted on 04/01/2020 12:00:45 PM PDT by Oil Object Insp
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To: C19fan

Time to get back to work!


28 posted on 04/01/2020 12:03:32 PM PDT by vpintheak (Live free, or die!)
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To: 1Old Pro

You can’t stop. Has to keep flowing.


29 posted on 04/01/2020 12:04:38 PM PDT by stuck_in_new_orleans
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To: C19fan

We need a tariff on imported crude oil. Badly.


30 posted on 04/01/2020 12:05:56 PM PDT by central_va (I won't be reconstructed and I do not give a damn....)
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To: Bob434

No not really. $2.99 for Regular if you pay cash, which no one does. Premium still $3.27 if you pay cash, which no one does. SCAM.


31 posted on 04/01/2020 12:07:27 PM PDT by samadams2000 (Get your houses in order.)
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To: Regulator

It’s also an issue with West Coast refining capacity, or lack thereof. CA requires all sorts of special formulations, of course.


32 posted on 04/01/2020 12:08:58 PM PDT by FreedomPoster (Islam delenda est)
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To: C19fan

The SPICE must Flow !!!!!


33 posted on 04/01/2020 12:09:01 PM PDT by ktw (72 ID, Finally Retired after 25 years!)
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To: C19fan

The SPICE must Flow !!!!!


34 posted on 04/01/2020 12:09:01 PM PDT by ktw (72 ID, Finally Retired after 25 years!)
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To: C19fan

No oil for bad Orangeman!


35 posted on 04/01/2020 12:09:04 PM PDT by FreedomNotSafety
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To: samadams2000

oil barrel down 75% from $80 something, gasoline down 20% from $2.40 or so here in the oil patch of NM.


36 posted on 04/01/2020 12:09:12 PM PDT by redcatcherb412
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To: samadams2000

yuck- that’s high- We’re .80 cents less- but we’re still $1.00 more than the lowest states- so for every 100 gallons we buy- we’re paying $100 more than other states for same amount- you will pay $180 more- again- yuck- that’s %180 thrown out the window really- $180 your state steals in taxes from you per 100 gallons


37 posted on 04/01/2020 12:10:45 PM PDT by Bob434
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To: Bob434

$ 1.80 South Louisiana.


38 posted on 04/01/2020 12:22:23 PM PDT by DeplorableGirl
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To: DeplorableGirl

that’s a pretty good price- just looked at gas buddy site- some states are as low as $1.19- We’re $1.00 more per gallon- I doubt we’ll go under $2.00


39 posted on 04/01/2020 12:26:06 PM PDT by Bob434
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To: samadams2000

That’s terrible. I’ve seen $1.75 in Bethlehem, PA.


40 posted on 04/01/2020 12:30:13 PM PDT by EvilCapitalist (Pets are no substitute for children.)
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