Make it go national!
When gas prices were near $4/gallon in NY, the price of everything else went up. We were told this rise was due to the cost of producing, shipping etc..rising with the gas prices.
Now that gas prices are tumbling, are prices for everything else about to start tumbling too? I suspect not.
NOOOOOOOOOOOOOOOO
Big block Chevy going to make a comeback?
That low price has to be close to the total of Federal and State taxes on a gallon of gas in that state. -Tom
Negative Oil Prices Arrive: Koch Brothers' Refinery "Pays" -$0.50 For North Dakota Crude
Get ready to see the economy go ballistic. Unless food retailers & local public utilities decide it’s their big chance to get ‘their share’.
.50 gallon is all it should be. Standard homes should be going for about 175k in CA instead of +500k. Electricity should be very cheap in the U.S. They’ve made the dollar near worthless.
And now they wonder why very few in Middle America are buying anything.
When I was a cash strapped graduate student at University of Iowa, I owned this Buick Super, with a straight 8 engine, yielding 5 mpg in city!
Thanks to the gas wars in Iowa City, gas was 10 cents/gal!
So even I could afford to drive that big automobile.
As of last night, $2.53 for the low grade watered down crap. Reno is a vampire on the poor.
The price of gas has been going way down for a long time. Yet the prices of food and nearly everything else is sky high.
There is a big league disconnect going on.
Hot damn, my next heating fuel top off should be under $500. Last year it was 1,200.
Why are we not seeing fresh numbers from the Dow today?
Did I miss something? Today is Monday, and it’s the middle of January. No holiday. Didn’t see any headlines Friday about markets closing today.
What’s going on?