Posted on 03/13/2015 2:36:26 PM PDT by Berlin_Freeper
Global oil prices tumbled on Friday and fell 9 percent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing.
(Excerpt) Read more at reuters.com ...
It’s up around $3 in Fairbanks, this was after it was down to $2.50.
We are hosed no matter what and suppliers know it. We are a small market with no choice and no competition.
In early January we saw $1.75/ gallon. I saw a place in Oklahoma close to Wichita Falls where gas was $1.49. Now, it’s back up to $2.35-2.39/gal. depending on the day.
Cleanest dirty shirt in the hamper.
Awesome post!
Storage will be difficult to find starting next month I’ve read and the expectation is for another leg down on US crude.
Thanks!
“LOL! You really have to ask? It’s gotta be linked to the evil Koch brothers and their plans to buy congress. Or take over the world. Or something. :>}”
LOL! i was just stating the obvious, as someone is making some money off those of us who still drive gasoline-fueled motor cars.
“Glut hell. It’s back up to over $3/gal in Reno.”
The “phony price increase” is due to the refinery strike by the Steelworkers coupled with the “annual changeover and maintenance” at California refineries. They “conveniently” call these events “a shortage” and raise prices accordingly. Six weeks ago I was paying right at $2.00 per gallon. Just bought gas today at $3.26! This is simple thievery and if we had a decent government, the oil companies would be having to answer. But the states are in deep $hit due to the loss of tax revenue caused by the prices falling, so they are complicit in this ripoff.
09 bailout feigned as Body Mortgage Care.
Forced Body trafficking upon every U.S. citizen.
Some from the interim rise in prices (been dropping a bit again). some from the strikes, and some from the "world-saving" Summer blend modifications.
Good line!! Bob
The lightest oozer in the leper colony.
Yeah, no doubt. I hear the re-sale for hybrids is.........uh, not that great. ‘Specially if it’s nearing time for a battery swap. Ouch!
I guess it must be nice. I have a good buddy that’s selling his house in Arizona and moving back there to be near his REAL nice sail boat. He grew up there (San Diego) and is determined to move back. He’s quite conservative so maybe his one vote can help alter the Cali politics. :>}
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