$2 / Gal Gasoline as OPEC tries to kill US Fracking.....

[blybrook PE]

Still $3.50+ in these parts! And we have several oil fields and refineries.

I haven't paid under $1.00 a gallon since 1998. I'd love to pay that again!

 

[Road Guy]

We should start building some more refineries and just sweep the leg on OPEC and the Russians oil business

 

[NJmike PE]

 

[Dleg]

Our gas is down to $4.40. Which is insane, but just a few months ago it was at $5.15, so I'm not complaining too hard.

 

[engineergurl]

Our gas is down to $4.40. Which is insane, but just a few months ago it was at $5.15, so I'm not complaining too hard.

You mean you can't walk everywhere you need to go on the island?

 

[Boomer01 PE]

There were a couple stations in Oklahoma City at $1.99 yesterday.

 

[snickerd3]

filled up at $2.20 this morning. Mr snick filled up in STL yesterday at $2.09 it is dropping lower and lower

 

[Dexman PE PMP]

Article in the Denver Post over the weekend said there are multiple stations across the state with under $2/gal

 

[csb]

Our gas is down to $4.40. Which is insane, but just a few months ago it was at $5.15, so I'm not complaining too hard.

You mean you can't walk everywhere you need to go on the island?

 

[envirotex]

Only a fraction of the wells need $70 or more to be profitable. Majority are at least above $40, and quite a few can drop to $12 and still be profitable. From what I am gathering, small seems that used to be ignored in the 80's are now very profitable.

The truth may be a global effort against Russia.

Depends on the producing basin...some Eagle Ford and Permian fields can go to $35-40, others start to lose at $65-70. Seeing some rigs idling...it's bad for some local economies (like Houston) but better for everyone else.

Only a couple of the OPEC countries can afford for the price to be so low (Saudi Arabia is one). Most of the countries need oil much higher ($70+) to meet their national budgets. Some people think it's not about US oil shale, but instead it's about the Saudis gaining market share in China.

 

[DVINNY]

If fracking does tale off,I may have more time to spam EB.com again.

 

[snickerd3]

$2.13 this morning!!

 

[NJmike PE]

$2.29 is the cheapest I've seen here

 

[FLBuff PE]

$2.60

 

[Ken PE 3.1]

$2.18 this morning

 

[wilheldp_PE]

$1.98 here.

 

[FLBuff PE]

$2.54

 

[snickerd3]

saw $2.09 this morning

 

[snickerd3]

filled up at $1.96 this morning!!!!! full tank for $33!!!

 

[snickerd3]

Of the 3 gas stations on the corner when i came into town this morning. two were 1.87 and the other bumped their price up to 2.19.

So I stopped and filled up since it would not be that cheap after work

***update*** as predicted the other two gas stations were 2.19 on my way home. a 32 cent increase over a couple hrs is purely price gouging.