With respect to #2, Iran will be also be producing more oil once the sanctions are lifted and the ME oil producers are trying to put the US oil production industries out of business. The last one standing with the deepest pockets wins.
Oil price crash: rout reaches $27 as Opec warns US shale will be forced to relent
Cartel says persistent low prices will finally begin to bite for rival producers, as cost for some barrels of US crude turn negative
Oil slumped to below $28 a barrel in early morning trading on Monday - its lowest level since September 2003 - as traders digested news of Iran's return to the world's over-supplied markets.
http://www.telegraph.co.uk/finance/o...rice-rout.html
Notice that the economy tanked when gas went up and tanked again when gas went down?
Ups, fedex, airlines, etc all charges gas surcharges. Where's our surdiscounts?
Not only that David but most of my part as suppliers charge a gas surcharge , and they haven't gone down. Two of my tire suppliers and one parts supplier charge between 3 and 5 bucks daily. I sell welding gasses and other types of gas. Between hazmat and fuel surcharges its about 3 dollars a tank. These guys are getting rich on surcharges.
Banks have subsidized oil, gas, coal and other energy exploration. The banks are taking the biggest hit right now, causing the monetary value hit equivalent in the stick market.
Self sustained energy, glut in supply and Iraq are just adding to the negative side of the equation. Futures have also over invested months back, so that investment is also trying to become whole.. China just adds confusion to the market picture.
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We use one supplier as little as possible for this reason shooter. They added the gas surcharge when it was around $4 a gallon and never took it off. They're the only ones that show it as a line item. Pretty dumb if you ask me. At least take it off and add a couple bucks to the tire. It's ATD ( American Tire Distributors ) Not sure if you use them. I believe they're nationwide.
“Gibraltar” 2016 white deluxe has been sold.
Believe it or not Wayne they charge me the least. Dropped from $4 to $2 last summer. Nobody else dropped the price. I just changed trash companies. They were charging $6 a month on once a week service. I have a 2 year contract with the new company for no surcharge. It will save me a little over $140 the next two years. That's a lot of gas for the B.
ATD is on a mission to steal our customers. They have a local warehouse and an ex employee worked there for a bit. Use them only as a last option.
“Gibraltar” 2016 white deluxe has been sold.