[dynoman]

Gas is 1.79 here.

[CopperTop]

How much does the barrel itself cost? d;^)

[NohSpinZone]

It means the oil-producing states are going to be in a world of hurt in addition to the virus impact. Terrible.

[Jewbacca]

It means China (the largest importer of oil) is getting cheap oil, while the USA, the largest producer of oil, is getting screwed.

[V_TWIN]

Filled up yesterday for 1.59 a gallon. We have taken advantage of these low prices to go on a couple of day trips or just get outta the house for a while.

[Texas resident]

It means cheap petroleum products for the near future and lots of layoffs in the oil industry.

I have seen this cycle many times.

[silverleaf]

Except no one will sell it at that price
Buy bicycles

[hawkaw]

It means the economy has to get rolling and fast.

[crusty old prospector]

Sign of a world-wide depression.

[meatloaf]

I’m watching the price of non-ethanol gasoline. I’ll stock up when it goes below $2.00/gal. I can store that.

[RayChuang88]

I just filled up with 87 pump octane unleaded for US$2.15 per gallon—in California, of all things!!

[Dacula]

We get to see the amount of taxes that we are paying for a gallon of gas.

$1.12 per gallon in Dacula

With my Kroger Fuel points, I paid .12 cents per gallon. Filled my truck that is for sure.

[Attention Surplus Disorder]

This $10-$11-12.29 price exists in the (in 1 day) expiring MAY contract.
The JUN contract is trading more like 22.7x - 22.8x

I don’t know enough to say what this means, even tho I trade oil now and again. How there can be a $10 difference in the MAY vs JUN futures contract, I have no explanation, none.

But I DO see volume in the May contract. Normal traders/specs would no longer be trading it. Maybe you get an instant delivery notice if you’re filled on a buy! Hope you got some big ass storage tanks or an empty tanker available (no doubt; some do)

[davetex]

Right now oil is at about 23 bucks a barrel. At no time did the WTI price drop to 11.

[babble-on]

Might be a good summer to finally take that RV trip I’ve always wanted to do.

[blabs]

Buckle up Houston, things are about to get ugly.

[Peter W. Kessler]

Here in New (Tax Me to Death) Jersey, I paid $1.91 yesterday.

Of course, we’re not going anywhere, so that gas will last a month. By the time I fill up again, it’ll be well into the $2.50 range.

I DESPISE New Jersey. Getting outahere as soon as I can.

[txrefugee]

It means that after 20 years, the oil and gas industries will no longer be propping up the U S economy. Which industry will take their place?

[adorno]

Eliminate and/or reduce gas taxes and we may have .33 cents per gallon gas again.

The temptation will be there to do the opposite and raise gas taxes to $2.00 or more per gallon, and keep fuel prices high.

Were Obama president and democrats were in control of congress and states, gas taxes would have been raised thru the roof.

[Rusty0604]

What it means is great losses to our oil producers and mass unemployment.