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 > Your Fuel/Oil comments - please post here

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LindsayRichards

Tavares, FL

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Posted: 03/26/20 07:18pm Link  |  Quote  |  Print  |  Notify Moderator

As a former gas station attendant, I did many a dollars worth.





MEXICOWANDERER

las peƱas, michoacan, mexico

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Posted: 03/28/20 09:38pm Link  |  Quote  |  Print  |  Notify Moderator

Just as a curiosity fuel costs in Mexico were slashed --30% last week.

8.1 Van

Millstone NJ

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Posted: 03/28/20 10:44pm Link  |  Quote  |  Print  |  Notify Moderator

Many of the airliners are grounded and not using jet fuel so pump prices will continue to fall.


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LindsayRichards

Tavares, FL

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Posted: 03/28/20 11:09pm Link  |  Quote  |  Print  |  Notify Moderator

I saw $1.86 in Central Florida.

8.1 Van

Millstone NJ

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Posted: 04/05/20 05:39pm Link  |  Quote  |  Print  |  Notify Moderator

Dropping fast !

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* This post was edited 04/05/20 06:12pm by an administrator/moderator *

Yosemite Sam1

Under the pines.

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Posted: 04/20/20 06:43pm Link  |  Quote  |  Print  |  Notify Moderator

Today turned negative, -$36.

Meaning, they will pay you to take them.

I'm on lockdown but I wonder how much is the pump prices.

And at this rate, I might not even take my order of Cybertruck, [emoticon]

* This post was edited 04/20/20 06:56pm by an administrator/moderator *

aftermath

Washington State

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Posted: 04/22/20 11:34am Link  |  Quote  |  Print  |  Notify Moderator

My440, That would be nice. We can be totally independent but.....All the fuss over fracking and building pipelines to the gulf, instead to large industrial cities, was done so the oil companies could export the oil. They can sell it at a much higher price overseas than they could here in the heartland. They pay very high prices at the gas pumps in foreign countries. Think about that for a while.


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LindsayRichards

Tavares, FL

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Posted: 04/22/20 12:49pm Link  |  Quote  |  Print  |  Notify Moderator

Oil is sold at world prices. Some countries pay very high prices which is mainly tax and some countries pay very little as it is heavily subsidized. Saudis Arabia is 60 cents. There has been only one small refinery built in the US in the last 35 years and permitting and environmental lawsuits will keep any more from building any in large industrial cities. No giant conspiracy theories here, just business sense.

Yosemite Sam1

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Posted: 04/22/20 01:16pm Link  |  Quote  |  Print  |  Notify Moderator

LindsayRichards wrote:

Oil is sold at world prices. Some countries pay very high prices which is mainly tax and some countries pay very little as it is heavily subsidized. Saudis Arabia is 60 cents. There has been only one small refinery built in the US in the last 35 years and permitting and environmental lawsuits will keep any more from building any in large industrial cities. No giant conspiracy theories here, just business sense.


We are exporting oil while on the other hand importing because the oil that we produced cannot be refined here since our refining capabilities are not designed for this type of oil.

Thus, crude oil becomes fungible as it enters into the world market and priced accordingly.

Not just the regulatory requirements in the US, it's also a huge capital outlay and usually companies don't make this kind of gargantuan investment seeing national and global demand is going down.

* This post was edited 04/22/20 01:28pm by Yosemite Sam1 *

Yosemite Sam1

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Posted: 04/27/20 01:54pm Link  |  Quote  |  Print  |  Notify Moderator

Cheap gas when you are on lockdown is like a bald man winning a comb.

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