[F1Venom]

I'm in St. Louis, MO and I just filled up the M3 with 93 octane for $2.65/gallon at Shell. Crude Oil crashed this week so expect even lower prices over the weekend all over.

[FC4]

[Vigilante375]

Cheapest we had for a few weeks before Thanksgivings was 2.73 but that was for low test, high test was 2.9x. Now its up to 2.84 for low test. I wish (and everyone else) that gas would go back down to the low to mid $1 range.

Smurfing greedy people/companies in this world that already have billions of $$$$ making it hard for us to spend our money on other things.

[thebishman]

Originally Posted by Vigilante375

Cheapest we had for a few weeks before Thanksgivings was 2.73 but that was for low test, high test was 2.9x. Now its up to 2.84 for low test. I wish (and everyone else) that gas would go back down to the low to mid $1 range.

Smurfing greedy people/companies in this world that already have billions of $$$$ making it hard for us to spend our money on other things.

The only problem with fuel dropping so much is that it will hurt the US economy much more than it will help. What is helping the US versus the rest of the world is the increasing production of natural gas and oil from fracking and other methods. I don't want to enter into a debate re: pluses and minuses of the technology, but it has fostered a renaissance in US manufacturing due to the very low energy cost here. When a barrel of oil drops below a certain amount, the cost to extract it especially for the smaller oil exploration outfits becomes cost prohibitive. If the boom in oil/gas production drops off greatly it will hurt the US economy, but not the middle eastern producers whose cost to produce a barrel of oil is still lower than ours by a large margin.

Frankly, I wish the fuel tax was raised by at least 25c/gallon with a mandate that all of the revenue be used to rebuild our crumpling infrastructure. That would have benefits for decades making the US even more competitive versus other economies.

Bish

[swanson]

Thats dirt cheap. I'm paying $3.75 for 93 in NY

[Cuz5150]

Super-93 oct $2.99 per gal here in dirty Jersey as of this morning.
Prices are dropping like a stone

drill babe drill
shale extract babe, shale extract babe

[Anderw]

wow thats pretty cheap! thats like the price of Regular in NJ

[BMW269]

That is good for the normal consumer as individual, but what is going behind all this is bad for all the world and the economy (whatever it means). The crude oil is not low just for no reason. But with the news channels you have in the U.S, you are not likely to know what is really going on.

[Sniz]

Originally Posted by Levi

That is good for the normal consumer as individual, but what is going behind all this is bad for all the world and the economy (whatever it means). The crude oil is not low just for no reason. But with the news channels you have in the U.S, you are not likely to know what is really going on.

very very true statement

[CirrusSR22]

I just paid $2.48/gallon in northern Minnesota for 87 & 89 (same price). Didn't look at the price of 91. Diesel was $3.73

[Jenya B]

Black Friday

[Vigilante375]

Originally Posted by thebishman

The only problem with fuel dropping so much is that it will hurt the US economy much more than it will help. What is helping the US versus the rest of the world is the increasing production of natural gas and oil from fracking and other methods. I don't want to enter into a debate re: pluses and minuses of the technology, but it has fostered a renaissance in US manufacturing due to the very low energy cost here. When a barrel of oil drops below a certain amount, the cost to extract it especially for the smaller oil exploration outfits becomes cost prohibitive. If the boom in oil/gas production drops off greatly it will hurt the US economy, but not the middle eastern producers whose cost to produce a barrel of oil is still lower than ours by a large margin.

Frankly, I wish the fuel tax was raised by at least 25c/gallon with a mandate that all of the revenue be used to rebuild our crumpling infrastructure. That would have benefits for decades making the US even more competitive versus other economies.

Bish

I look at it as the economy could gain something from lower gasoline prices. Why? Because people will start spending that extra money from fill ups towards something to BOOST the economy financially.

Raise the gas tax more? Hell no. Those "taxes" get sucked up into other "programs" that just waste all that money. In WA state, they were all about people getting better fuel economy cars and raising taxes on the fuel. Now that people are driving less or more fuel efficient cars, they want are trying to raise it more or impose some type of other gas/road tax.

There have been other alternative means of fuel for a very long time but the oil companies don't want to loose out on the business. Like, look how Telsa is treated in states because they have a true full electric car that gets 200+ miles on a single car and they even off free charging stations! Tesla should team up with all of the other manufacturers of the world and have more electric cars with the range they have.

/Rant.

[GrussGott]

Originally Posted by CirrusSR22

I just paid $2.48/gallon in northern Minnesota for 87 & 89 (same price). Didn't look at the price of 91. Diesel was $3.73

Duluth?

[CirrusSR22]

Originally Posted by GrussGott

Duluth?

Bemidji

[Twix]

I've noticed the price dropped long ago when my wage didn't get the usually 6 month increase that it normally gets.

[Dog Face Pony Soldier]

Originally Posted by Levi

That is good for the normal consumer as individual, but what is going behind all this is bad for all the world and the economy (whatever it means). The crude oil is not low just for no reason. But with the news channels you have in the U.S, you are not likely to know what is really going on.

You are assuming US residents don't have access to the same level of news as people in Prague? Talk about arrogance!

[BMW269]

Originally Posted by glennQNYC

You are assuming US residents don't have access to the same level of news as people in Prague? Talk about arrogance!

LOL. Of course they have, but only if they search, not if they take what is given to them. Saying that, it is the same case in Europe, and thus also CZ, Prague.

Originally Posted by Vigilante375

I look at it as the economy could gain something from lower gasoline prices. Why? Because people will start spending that extra money from fill ups towards something to BOOST the economy financially.

Raise the gas tax more? Hell no. Those "taxes" get sucked up into other "programs" that just waste all that money. In WA state, they were all about people getting better fuel economy cars and raising taxes on the fuel. Now that people are driving less or more fuel efficient cars, they want are trying to raise it more or impose some type of other gas/road tax.

There have been other alternative means of fuel for a very long time but the oil companies don't want to loose out on the business. Like, look how Telsa is treated in states because they have a true full electric car that gets 200+ miles on a single car and they even off free charging stations! Tesla should team up with all of the other manufacturers of the world and have more electric cars with the range they have.

/Rant.

Economic boost through lower taxes or lower interests is a myth. It doesn't work, at least not with the current system (whatever that is).

[gonzo]

http://247wallst.com/energy-economy/...-drop-below-2/
The eight states were gas prices are likely to fall below $2 are Mississippi, Alabama, Louisiana, Texas, Oklahoma, South Carolina, Missouri, and Tennessee. Each already has gas prices below $2.60. Finally, state gas tax rates have a profound affect on total gas prices. Mississippi was 44th at $.188.

[GhazaliGTE]

I'm a bit late here but unleaded 87 is $2.32 down south of Houston. Gonzo said it first, prices are expected to drop below $2/gal pretty soon. I wonder how low our 93 will go...!

[kyleb350]

Originally Posted by GhazaliGTE

I'm a bit late here but unleaded 87 is $2.32 down south of Houston. Gonzo said it first, prices are expected to drop below $2/gal pretty soon. I wonder how low our 93 will go...!

Wat

[F1Venom]

If crude gets below $50 or hovers around there, I'm expecting 87 octane to be $1.8-90 here in MO.

[fecurtis]

The price cut is mainly due to Saudi Arabia cutting their prices. They'd rather maintain/grow market share than increase their margins.

The low prices aren't very good for shale oil regions in the US. They're no longer profitable at the current price point.