Gas prices ... will they hit $1.50 ???

[Phantom]

Finally, Gasoline is coming down in price, this should help the economy.
There is no reason why Gasoline can't be $1.00 per gallon.
I've read that in Oklahoma it's already below $2.00


What is the price of 87 Octane in your area?


Panhandle of Florida --- 12-05-14 ---> $2.51

[XKnight]

I've been paying around $2.24 for regular unleaded this week in the Houston area. I believe it will go under $2 in the next few months, but will be shocked if it goes anywhere near $1 a gallon. I do remember paying .99 cents in TX around 2001 which wasn't all that long ago.

[53driver]

Still at $2.75 for 87 with 10% Ethanol.....
Although I admit I wasn't out today.....

[bigbird]

$.94 Cdn/litre
3.79 litres in 1 US gallon
3.79 X $.94 = $3.56 Cdn/US gallon
with exchange = $3.11 US/ US gallon for gasoline in Canada.
I'd be happy to pay $2.50 US/US gallon.
Just a few months ago we were paying $1.32/litre which translates to $4.50 US/US gallon. Ouch.

[Tunes]

Its around $2.69 here in N.E. Ohio

[smokinjoe187]

$.94 Cdn/litre
3.79 litres in 1 US gallon
3.79 X $.94 = $3.56 Cdn/US gallon
with exchange = $3.11 US/ US gallon for gasoline in Canada.
I'd be happy to pay $2.50 US/US gallon.
Just a few months ago we were paying $1.32/litre which translates to $4.50 US/US gallon. Ouch.

ouch...you got that tool kit and abs to ease the pain!!

[98valk]

Under $2.40 in New Mexico.

[powercruzer13]

$2.50's to $2.60's in Central Florida. Varies a bit county to county due to local taxes on fuel.
Don't go out & buy the latest gas guzzling SUV you so desire.... these price decreases are temporary. :banghead:

[bobbyf6b]

http://www.pilotflyingj.com/fuel-prices

[Big Jay]

2.76 a gallon here in north west Oregon.

[bigbird]

ouch...you got that tool kit and abs to ease the pain!!

And snow on the ground until the end of March. I'm so happy I could wet myself..snowremoval.'freezing-cold''cold' ............... :hijack:

[hiflyer]

I've been paying around $2.24 for regular unleaded this week in the Houston area. I believe it will go under $2 in the next few months, but will be shocked if it goes anywhere near $1 a gallon. I do remember paying .99 cents in TX around 2001 which wasn't all that long ago.

Oil prices averaged $23 bbl in 2001. One outlet here in Oklahoma was selling regular this week for $1.99. Enjoy it while you can boys, it won't stay this cheap.

[Steve 0080]

it was lower...sorry...I don't get receipts and don't remember..although I did fill up twice today !!!

[hiflyer]

If you are interested in what low oil prices mean, read this article. This ain't my first rodeo with the collapse of oil prices. Most all new production is from shale, which has tremendous decline rates over conventional reservoirs.

http://www.marketwatch.com/story/plunging-oil-prices-will-starve-the-world-of-its-economic-fuel-2014-12-05

[Steve 0080]

I think the main issue here is that Russia's economy is based on fuel prices to some degree...if oil falls below $70 per barrel..then they will do something stupid to raise it back up !!!

[Hornblower]

Oil prices averaged $23 bbl in 2001. One outlet here in Oklahoma was selling regular this week for $1.99. Enjoy it while you can boys, it won't stay this cheap.

I'm with hiflyer on this one. Also, the current lower price is happening in spite of our anti-fossil fuel government. Of course, they will be taking credit for it :banghead:

[Aeson]

I'm sure somebody will jump on a political rant here soon (which I could live without), but one reason that prices are going down is because of the increase in North American oil production. Oil production in states like Oklahoma, Texas and North Dakota has doubled in the last six years. OPEC is losing its ability to control global prices and Europe is a mess right now. We may enjoy it for a while. And no major natural disasters recently to disrupt supply chains.

[Phantom]

Oil production in states like Oklahoma, Texas and North Dakota has doubled in the last six years. OPEC is losing its ability to control global prices and Europe is a mess right now. We may enjoy it for a while.

Too many governments with their hands in the oil money stream. Just look at the taxes on each gallon of gas. Our own federal, state and local governments will see a decline of revenue (percentage taxes) that they have become accustomed to and now will either cut back, increase taxes or do whatever they can to drive oil prices back up.

Many Oil producing countries that rely on oil as a major source of their budgets would be content with $80-$100 oil, regretfully we the consumer are the ones paying for that. Oil WILL go back up, you can count on it.


http://www.api.org/oil-and-natural-gas-overview/industry-economics/fuel-taxes/gasoline-tax
Let's keep the thread going on prices :cheers:

[opas ride]

The politico's in Michigan are already in the process of raising our gas taxes .20 cents a gallon to pay for the worst roads in the nation....Michigan already has one of the highest gas taxes in the country so any reduction in the price of gas is welcome and appreciated...I would not hold my breath for long, although, as higher heating costs in parts of the country will off-set any gas price reductions...And one can bet that the "brilliant and talented" idiots in Washington will find a way to raise taxes on something else that will put us right back where we started!!!JMHO

[edgeman55]

Around 2.69 for low grade here in Nevada.We have pretty high local and state gas taxes here on fuel,but I really do not mind paying it as our roads and hiways here are kept up in great condition.If you drive west and once you cross into the Cali border your suspension tells you it has left the smooth NV road!Federal gas tax will have to go up in the future as the Hiways and bridges all over the country-most in the east are really in need of repair and replacement.Lots of these bridges have outlived there intended life span by 50 years or more and are flat out in danger of a major problem-But a major collapse of one and many lifes lost are what it takes the dirtbags in Washington to act outside of political pandering.

[Jeffsf6b]

I live in Chicago,Il. but I am only minutes from Indiana state line, where I purchase Gas. As of this morning it was 2.54 a Gal.

[Ericb445]

Gas stations around my town are offering gas for $2.30 a gallon with you buy a automatic car wash.

[Jerry S]

I paid 2.45 per gallon plus I got .50 cents a gallon additional discount from the grocery store credits. $1.95 looks good to me.

[bobbyf6b]

If you look at the link I posted you can see prices from around the country.

[hiflyer]

I just paid $1.72 with my grocery store discount card. Limited to 20 gal, today was my lucky day, that's exactly what it took to fill my Tahoe.

[thunder217]

Here in maryland today I got gas for my cager and the price was a shocking $2.52 per gal. Altime low for this area. :shock:

I'm sorry, I remember when gas was $.50 per gallon. And yes, I was driving. LOL

[Phantom]

:biggthumpup:

$2.42 today

[bigbird]

I'm sorry, I remember when gas was $.50 per gallon. And yes, I was driving. LOL

I'm even sorrier. I remember when gas was $.38/Imperial gallon, which was equivalent to $.32/US gallon. At that time, home heating oil was $.08/Imperial gallon. Those were fun times growing up as a teenager.
There were no helmets, no ATGATT, and not much traffic either. When the Suzuki X6 came out, everyone thought it was the cat's a$$. Then the Kawi 500 triple upped the ante and the rest is history.
Everything was fast and cheap, including the girls :bendover:
I'm waiting to complete my time machine, which will take me and my F6B back to 1966. I can't even imagine the fun I'd have with that scenario.

[Phantom]

:icon_cool::yes:

As of 11:25 CST , 12-12-14

[BigT01]

Australian fuel price is around AU $1.50 per litre in Western Australia
X 3.79 US liters = AU $5.685 convert that to US dollars at the current exchange rate of approx .80 cents US in the AU dollar
We are paying US 7.10 per gallon !
you guys have got it cheap :yikes:
But no matter how much they put prices up , we still pay for it.


Tony :lolup:

[timjoebob]

It's down to $2.249 in the Shenandoah Valley.

[Phantom]

$2.35 :icon_cool::yes:

[GNW]

$2.12 here in Lubbock today.

[Garnerj031875]

Gas in Dallas is around $2.35 per gallon. I have family in the oil business in Midland and the price per barrel of crude is around $65. This is because the Saudi Arabians are exceeding the OPEC quota in an attempt to push US oil companies out of business. The US oil supply is not the issue, its the price per barrel. If the price drops low enough, the US oil pumps get shut off until the price comes back. If the Saudi's can keep the supply high enough for a long enough time, then the US producers will layoff people, sell assets, and even go out of business. Then, with the competition out of the way, the Saudi's can begin raising the price on us again. Its a game of economics. I feel for my family and friends in the oil business as it is a truly dynamic industry.

[Steve 0080]

I wondered WHY this was happening.... interesting !!! I will get some diesel Wed...will try to remember to look and post !!!

[opas ride]

Don't know how true some of the reasons for low gas price are now, but although the consumer is benefiting from lower prices the stock market is crashing in part due to low per barrel prices...Ford Motor Co., for example is seeing its stock take a hit, as the market is worried that the higher cost of the new lighter trucks, to enhance fuel economy, will deter potential buyers as gas prices remain low..It is all a game, but I for one own Ford Stock and am getting "kicked in the ass" right now...BTW, I used to fill up my first car for about $4 as gas was .23 cents a gallon!!!!

[Steve 0080]

I remember $.19 per gallon and gas wars to $.17 !!! And no I was not driving !!!

[ghostrider]

$2.49 a gallon here in Boise at the moment. Seems like every day I drive by a gas station it's 10 cents a gallon cheaper. :041:

[GNW]

Want cheaper gas?
Now, today at Walmart it is $2.09.

[zzh54]

As most gas has dropped here in the Empire state, but neat what you guys reporting. I passed the station on my way home today $ 2.98/9. What a bargain

[hiflyer]

Gas in OKC is $1.93 for Ethanol, $2.13 for pure gas.

[Steve 0080]

MOSCOW --
(AP) Russia's embattled currency, the ruble, is down 3.5 percent at the opening of trading in Moscow.

The ruble lost over 15 percent of its value this week despite Tuesday's massive interest rate hike by the Russian central bank.

The ruble has fallen sharply in recent weeks and is down more than 50 percent since January, due to sinking oil prices as well as the impact of Western sanctions imposed over Russia's involvement in Ukraine's crisis.



This is what I meant by cause and effect.... this is not a good sign.....

[hiflyer]

MOSCOW -

This is what I meant by cause and effect.... this is not a good sign.....

I live and work in the heart of the oil and gas industry. Lay offs are picking up steam. Cap ex for next year is being cut dramatically. What people don't realize is that, horizontal shale wells have a huge decline the first year of production. What you are will see in the next 18 months, is the talking heads on tv screaming oil shortage! Once the scale of the drilling pull back starts to show up in lower production numbers, we will be behind the curve once again, which is exactly what Saudi Arabia wants.


I just heard on business tv that practically all jobs that have been added to the economy are directly or indirectly related to the shale boom, I rest my case.

[Steve 0080]

Yes the price is down here in Orlando...but not what others are seeing...cuz the taxes are so High !!!



Regular =$2.41

Plus = $2.61

Super =$2.81

Diesel = $3.07

[bigbird]

Was in North Dakota this morning (picking up more F6B goodies)
$2.31/gallon

[Flat6Fool]

Prices in Dallas today at $1.91

[Phantom]

$2.30

[Phantom]

:biggthumpup:

$2.19

We are still being :bendover: on Diesel ..... $2.99 :jerkit:

[hiflyer]

Paid $1.37 with my grocery discount today. Something I'm not too happy about. Being an oil industry guy all my life, there needs to be a balance. Rigs are being laid down at an alarming rate. The "shale" wells that have led to our abundance of north American oil have a tremendous decline rate. Once we are behind the curve, look out, prices are going to spike like you won't believe. How long will that take? I say two years or less. Enjoy it while you can. You can shut a rig down in one day, it takes months to put it back to work.

[53driver]

Still $2.48 for the 87 with 10% Ethanol. $2.95 for 93 with 10%...

[Amipro]

$1.99 for 10% Ethanol in Omaha:shhh:

[Tunes]

Down to $185 today here in N.E.Ohio

[bobsF6B]

Regular gas today was 1.79 here in Chicago burbs

[luisjromero]

Here we pay around 1.2 € per Liter...does mean 5,44$ per Gallon...:banghead:
We have a lot of taxes, its really a sh*t

[Scotrod]

At the local Kroger, it's $1.47 gal for E85.

Buck four seven.

As most of my driving is local city commuting, sitting in traffic at zero miles per gallon,,,, I came very close to getting an E-85 capable V-6.

At the last minute, I found the exact color of truck optioned out the way I wanted it right up the road,,, with a non-flex fuel 5.7 V8 with a 3.21 rear diff.

Unclear if the 5.7 was an overall ~better~ choice, but it's hard to resist the power of a V-8.

At first glance one might think a 3.21 could be a bit sluggish, but the 8 speed transmission makes this truck geared lower in 1st with a 3.21 than the 09 was with its 5 speed and 3.92 diff.

GM has an 8 speed now in certain trucks. Both Ford and GM trucks will have available 8 speeds in all their light-duty trucks soon.

Mo gears is Mo bettah! :yes:

[Scotrod]

Here we pay around 1.2 € per Liter...does mean 5,44$ per Gallon...:banghead:
We have a lot of taxes, its really a sh*t

Correct. Most folks around here have no idea what 'expensive fuel' is,,,,

I understand there are a lot of small diesels oversea's. With 'cheap' gas here, they are are not quite as prevalent in 'average/smaller' vehicles, but, I believe they will be someday.

[XKnight]

I filled up my F6B today for $1.69 a gallon for regular at Bucees. Murphy's down the road was $1.67. I guess we might see $1.50 or even lower after all.

[53driver]

Still working to get below $2.40 in PA. In New Jersey, I just filled up my F-150 (39 gallon tank) for $2.11 - 87, 10%.

[Phantom]

:no::icon_frown:

$2.17

[bob109]

Still working to get below $2.40 in PA. In New Jersey, I just filled up my F-150 (39 gallon tank) for $2.11 - 87, 10%.

Whenever I get the urge for a good "hot dog" I trek into New Jersey and visit "Hot Dog Johnny's". Enjoying the food and cheap gas prices is a "win/win situation:icon_wink:

[RT59]

I paid $1.89 for E-10 in downtown Des Moines today. It's reported that it is 3 cents less at a location on the south side.

[F6B1911]

Back up to $2.09 in Detroit ... was $1.92 last Friday? Well, that didn't last very long!

[opas ride]

My daughter paid $1.59 a gallon in Edmond Oklahoma on Saturday last.....!!!!!

[opas ride]

Back up to $2.09 in Detroit ... was $1.92 last Friday? Well, that didn't last very long!

That just cause you live the "high rent" district in St.Clair Shores.....paid $1.89 this a.m. in Commerce Twp...regards your F6B friend......

[Phantom]

:shock:

Oil is at $48.95 at this moment ....

Will it drop as low as $20 per barrel ???? :popcorn:

[six2go]

Yesterday(1/05/15) our regular unleaded went from $1.83 to $2.15 all over the city. Now it will start trickling down again.

[cpt_go]

Finally, Gasoline is coming down in price, this should help the economy.
There is no reason why Gasoline can't be $1.00 per gallon.
I've read that in Oklahoma it's already below $2.00


What is the price of 87 Octane in your area?


Panhandle of Florida --- 12-05-14 ---> $2.51

Well maybe but not here in New York State. The news said last night even though were $1.00 below this time last year we're still higher than the national average except for Alaska and Hawaii :icon_frown:

[Phantom]

:shock:

Oil is at $48.95 at this moment ....

Will it drop as low as $20 per barrel ???? :popcorn:

What a diference a few hours make ..... $47.84

[JohnnyF6B]

What a diference a few hours make ..... $47.84

I've been in the Oil patch since 1979. I think we hit $12 a barrel in 1987. I cant see it hitting $20.But I wouldn't be surprised if it floated around the $50 a barrel for a bit.
The Saudis dictate the price. They punch a hole in the ground & the black gold flows freely.
I foresee my golf clubs & F6B riding being my source of entertainment for 2015 :icon_biggrin:

[F6B1911]

That just cause you live the "high rent" district in St.Clair Shores.....paid $1.89 this a.m. in Commerce Twp...regards your F6B friend......

I drove by 8 Mile & Dequindre this morning, $1.799.
The line was out into the street about 15 cars deep!!

Diesel is still $3.099 .... What's that all about?

[Phantom]

What a diference a few hours make ..... $47.84



:icon_biggrin::yes: oil down to ..... $46.34 at 9:30am CST

I paid $2.11 for regular gas on Saturday

[Fla_rider]

$1.93 regular last Saturday in Tampa. :yikes:

[XKnight]

$1.47 in Tomball Texas just outside of Houston. Cheapest gas in the country apparently.

[BobinMich]

Port Huron Michigan Sams club....gassed up at 1.71 today, but going up everywhere else to 1.89-1.99 as oil went up almost 3.00 yesterday :(

[Limoles]

NJ is known for not so expensive gasoline . Today I've spotted station posting $1,89 , so decided to fill my thirsty Excursion .
But the pump was set for $1,84 already , because ... operators didn't have time to change numbers - yet .

The bed news are that Government is working on NEW GAS TAXES !!!

Airline tickets stay on the same level . Corporations still adding "fuel surcharge" ( ??? ) . Prices for motor oil not affected .

Financial crash in Europe . Today Switzerland formally cut the ties with Euro , causing panic . Credits are in ruins . Swiss Mark going up. It looks , like any financial liaisons with European Banks and oil industries will create new problems , which are impossible to predict.

Just forget - Lets go riding ...

[kcmike]

$1.63 in K.C.

[Phantom]

$1.99 :biggthumpup: today

[XKnight]

I paid $1.59 today while out riding my F6B. Cheapest gas in the area is at $1.38.

[FF-Ed]

In Newark OH, on 01/11/2015 $1.80 a gallon (fill er' up)

[Steve 0080]

$1.99 for regular $2.89 for Diesel $3.01 for straight gas, regular here in Orlando


When will Diesel come down ???

[Phantom]

$1.98 today :icon_biggrin::yes:

[terrydj]

Is this a tear in my eye :icon_laugh:?????? just recently hear in the land down under our petrol price has dropped from a $1.50 roughly a litre to around $1.10 a litre.
Oh an theirs about 4 liters to the Gallon, So currently round $4.00 a gallon from $6.00 a gallon.
Ohhhh and it wasn't a tear it was sweat:icon_cool:

[hiflyer]

I paid 1.29 a gal., yesterday with my grocery store discount. There are thousands of lay offs happening here in the oil patch. Like I said, enjoy it while u can, when it turns, look out.

[bigbird]

just recently hear in the land down under our petrol price has dropped from a $1.50 roughly a litre to around $1.10 a litre.



We're at $0.79 CDN /litre = $0.63 US /litre

[JackB]

We were at $1.96 a few days ago then it when up to $1.99 and now it's at $2.05.

[jaygollner]

We were at $1.96 a few days ago then it when up to $1.99 and now it's at $2.05.

The BP refinery in Whiting Indiana is probably going to have a strike starting Monday so look for gas prices to start rising in the Midwest.

[jaygollner]

The BP refinery in Whiting Indiana is probably going to have a strike starting Monday so look for gas prices to start rising in the Midwest.

It looks like some of the Texas refineries could be going out on strike Monday as well. At least all of my gas tanks are full.

[hiflyer]

94 drilling rigs shut down last week. This is not going to end well.

[edgeman55]

94 drilling rigs shut down last week. This is not going to end well.

This is exactly what the Arabs wanted to happen.Filled my tank today with 1.97 regular.It will go back up and the rich will get richer and like always the middle class will take it in the arsss.The new World economy at work:banghead:

[Phantom]

94 drilling rigs shut down last week. This is not going to end well.


It will eventually balance itself out. There are still close to 1,600 still working in the USA and Gulf of Mexico. 400 in Canada alone.

The rig counts internationally continue to increase in a few middle eastern countries, not every oil producer belongs to OPEC and there are several countries pumping more oil then they have ever done in past years. Everyone wants a slice of the pie.

$30-$40 a Barrel would be nice for at least 3-4 years. You would see the world economies rebound. Just my scientific wild ass guess :shrug:

[hiflyer]

It will eventually balance itself out. There are still close to 1,600 still working in the USA and Gulf of Mexico. 400 in Canada alone.

The rig counts internationally continue to increase in a few middle eastern countries, not every oil producer belongs to OPEC and there are several countries pumping more oil then they have ever done in past years. Everyone wants a slice of the pie.

$30-$40 a Barrel would be nice for at least 3-4 years. You would see the world economies rebound. Just my scientific wild ass guess :shrug:

You need to understand what has fueled this so called glut in oil. It's shale wells. The decline rate of shale wells is dramatic, up to 80% the first year. Watch what happens to the "oversupply" with the cut back in cap ex. You can lay a rig down in a day. It takes months to bring that rig back online. 30 - 40 bucks for 3-4 years ain't happening. I'm beating this horse to death, I'll revisit this thread in a year.

[hiflyer]

You need to understand what has fueled this so called glut in oil. It's shale wells. The decline rate of shale wells is dramatic, up to 80% the first year. Watch what happens to the "oversupply" with the cut back in cap ex. You can lay a rig down in a day. It takes months to bring that rig back online. 30 - 40 bucks for 3-4 years ain't happening. I'm beating this horse to death, I'll revisit this thread in a year.

Ok, so maybe a day. Here's what I'm talking about.

http://www.cnbc.com/id/102381893