Posted on 11/15/2017 12:20:50 PM PST by Oatka
Edited on 11/15/2017 12:36:42 PM PST by Jim Robinson. [history]
bloomberg is link only
“message me when it’s back to a $1 a gallon”
Like I said before, oil is likely to stay in the shale band of $45-65 per barrel - so gasoline prices should hover close to their current level (which is significantly lower than a few years ago) - as long as we can keep up with growing demand when the global economy grows.
It is a multi-year, perhaps multi-decade, “boom” in US production. We keep adding more and more barrels per day, and have been growing that production for years. The USA is making more money on oil production, gaining more of the market share, and keeping prices down for consumers.
Nobody is projecting $1/gallon gas again. Only a severe economic slump could cause that.
California just raised the gasoline tax again. Any savings one might see at the pump will be offset by the higher taxes in California.
There’s still the ‘Big Oil’ bogeyman to gin up the fools.
Paul Ehrlich comes to mind.
True...
You are kidding right?
not at all.
the article states... we are in the midst of the “biggest boom in world history”
if that is the case ... then the price of oil should be lower, certainly as low as it was during the W Bush years when it was below a $1.
“Peak Oil” was another lie to prop up prices and to discourage more drilling in America. I think it something it was pushed really hard by the Bush crime family in the Saudi royals.
well, maybe it was the end of the Clinton administration. There was a point in the late 90’s where gas here in Texas was under $1 for a long time.
Small and large oil refineries have to pay a tax...called a RIN...to the ethanol producers. And it's choking those small refineries....into maybe closing. Losing thousands of jobs....
The Trump administration needs to address this RIN program....post haste.
“Its also amazing that Marxists and progressives continue to blind people with the promises of central-planning of our money supply, health-care, education, just to name a few.”
If it was up to our “public servant” central planners every cow in the country and have a fart bag on it trying to save the planet from methane.
Could be. I don’t follow these things that closely.
Got tired of it.
Just got an eMail this afternoon talking about the collapse of the dollar by the end of the year.
I’ve been getting those for about 18 months now, as the dates come and are then slid back.
I'm sure you meant gasoline...but you still don't understand........
So gasoline is around $2.30 where I live....right now. If memory serves me...gasoline was NOT below a buck a gallon in the last 15 years....Under $2 yes....but not under $1
I will leave it at that........
Have a good night.........
your right, after 9-11 it was never under a dollar again.
But in the years leading up to 9-11 it was under $1 consistently here in Texas
Here is the chart of the average cost of gasoline in Texas over the years. You can see in 2002. the price dipped to an average of $1. And in the rural areas it was MUCH less.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMRU_PTE_STX_DPG&f=W
Yeah, we ran out of oil in 1979. Oil we're using now is all coming from recycled used oil, used kitchen cooking oil, dead animal fat, and vegetables like corn; that's according to liberal scientists who are now pushing global warming and electric cars.
Are those dollars inflation adjusted?
In the mid-to-late 40's my family was dirt poor...Having to recover from 6-years of scraping by on a $100 monthly allotment for Dad while he was in the Marine Corps. The adjusted equivalent to current purchasing power is bogus. Even among the poor, gasoline was not an economic burden equal to the burden of $2.50 today!
Ted Cruz has been attacking it since he won the Iowa Primary while attacking corn-gas. He was just in the news again yesterday for it.
When bottled water costs more than gasoline, I'd say gas prices are pretty low right now.
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