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Nzoner's Game Room>Gasoline over $4 coming to a pump near you because this thread is ass
Donger 08:40 AM 04-23-2007
http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

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Donger 10:05 AM 04-22-2019
Crude passing $74/barrel (Brent). WTI is $65. Gasoline at $2.84
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scho63 10:21 AM 04-22-2019
Gasoline here in Scottsdale shot up from around $2.49 - $3.09 in less than 4-5 weeks.
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jjchieffan 12:13 PM 04-22-2019
I'm really surprised at the recent surge in our prices. The United States produces more oil than anyone and they aren't cutting production with the crooked OPEC countries. I still don't think that it's sustainable. Prices can't continue to increase or even maintain these levels for long.
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Donger 12:18 PM 04-22-2019
Originally Posted by jjchieffan:
I'm really surprised at the recent surge in our prices. The United States produces more oil than anyone and they aren't cutting production with the crooked OPEC countries. I still don't think that it's sustainable. Prices can't continue to increase or even maintain these levels for long.
The issue is that our refining capacity hasn't increased like our production has. That's why we are now exporting.
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synthesis2 08:33 PM 04-20-2020
Funny reading this thread now !
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BossChief 08:40 PM 04-20-2020
I paid 1.04/ gallon yesterday. I had to do a double take before hanging up the handle.
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007 08:47 PM 04-20-2020
Still $1.73 here
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Chiefshrink 09:22 PM 04-20-2020
Originally Posted by BossChief:
I paid 1.04/ gallon yesterday. I had to do a double take before hanging up the handle.
1.06 in Parker CO and with the points discount I get at Murphy Express I literally paid .86 cents !! Haven't seen those prices for a loooooong time.:-)
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Chiefshrink 09:24 PM 04-20-2020
And with the glut of oil now on the market it only goes down further.:-)
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chefsos 10:18 PM 04-20-2020
Just heard a report that says oil prices are now ~$30/barrel BELOW ZERO. Am I hallucinating? And if not, how is that number even possible?

EDIT: Also, I filled up at $1.81 the other day and was pretty happy about it. Now I think I fucked up and jumped too soon!
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wazu 10:22 PM 04-20-2020
Originally Posted by chefsos:
Just heard a report that says oil prices are now ~$30/barrel BELOW ZERO. Am I hallucinating? And if not, how is that number even possible?
As I understand, it's cheaper for oil companies to absorb the cost than it is to shut down stuff unless they think it will be shut down a long time.
[Reply]
chefsos 10:32 PM 04-20-2020
Originally Posted by wazu:
As I understand, it's cheaper for oil companies to absorb the cost than it is to shut down stuff unless they think it will be shut down a long time.
Interesting, thanks. I thought maybe it was due to speculation or something, and the Russians and Saudis squirting oil bukkake at one another like it was a porn shoot.
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dlphg9 12:21 AM 04-21-2020
Whenwould be a good time to buy oil stocks?
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Hammock Parties 07:45 AM 04-21-2020
$1.40 gas today in KC
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Donger 07:48 AM 04-21-2020
Go **** yourself, Donger.
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