Oil prices could soon turn negative as the world runs out of places to store crude, analysts warn

CNBC ^ | April 1, 2020 | Sam Meredith

[conservatism_IS_compassion]

That’s even cheaper than I remember when I was a hs pump jockey in the 60s. Maybe a quarter was the cheapest.

I remember 19 cents. Dad said he remembered 11¢

[SunkenCiv]

Yeah, right. "We'll PAY you to take our oil!" Ridiculous.

• Oil prices could fall below zero: Analyst [2020]
• $1 Oil: Saudi Arabia's Attempt To Crush U.S. Shale [2020]
• $1 Oil: Saudi Arabia's Attempt To Crush U.S. Shale [2020]
• Saudi Arabia Tanker Power Play Could Backfire as Oil Demand Shrinks [2020]
• Trump Orders Department of Energy to Replenish U.S. Strategic Petroleum Reserve..... [2020]
• Disputed Canada-US oil pipeline work to start in April [2020]
• TC Energy to build Keystone XL Pipeline [2020]
• Oil Hits $20 For The First Time In 18 Years [2020]
• Energy Up With Oil Prices After Chinese Manufacturing Data [2020]

[gogeo]

Check your closest Costco.

[TexasTransplant]

*** “$1.75 and no place to go” ***

Told my buddy that Gas this Cheap and I’ve been stuck here for weeks ... I’m gonna top off and take off at Sunrise and get back home when I am out of gas ... No destination, just a big loop... (take a couple fishing rods, just in case)
Theoretically 540 miles, more likely about 400 miles (my bladder is much smaller than it used to be, I’ll run out of Daylight before I run out of Gas)
The trip would be “Mostly for Fun” but Business Cards will ride along so it will be a Tax Deductible endeavor

[NELSON111]

Gee...ya think? ;-)

[TexasTransplant]

*** “That’s even cheaper than I remember when I was a hs pump jockey in the 60s. Maybe a quarter was the cheapest” ***

Gas Wars in the early 70’s we had 13.5 per gallon for a couple of days... The Independents lost and went away... then Jimmy Carter shows up and we had Gas Lines

[Amberdawn]

Call me when the local gas pumps read 50 cents a gallon.

[xp38]

Yeah thats as far back as I go too. lIRC low 20s or maybe even high teens was the lowest for me but I was so young I probably had no concept what it meant.

[Drago]

Can’t happen in California....taxes are 91 cents/gallon. Free gasoline!!! (+ tax).