I see. I did not know this, and just spent some time reading a bit about the economics of shale oil (tight oil). I learned something, thanks!
Gas Price Watch
- Thread starter ibglowin
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I see. I did not know this, and just spent some time reading a bit about the economics of shale oil (tight oil). I learned something, thanks!
Boatboy24
No longer a newbie, but still clueless.
Paid $2.09 this morning. We bottomed out at $1.91 about a week and a half ago.
fabrictodyefor
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wouldn't it make sense to manufacture and reserve as well as become the leading producer??from a business stand point, itall come out in the end.
and become less dependent on oil from elsewhere.....
wouldn't it make sense to manufacture and reserve as well as become the leading producer??from a business stand point, it
You mean like the 750 million barrel Strategic Petroleum Reserve?
IMHO, crude oil is a finite resource with limited alternatives (hard to fly a plane on renewable energy).
So, let other countries deplete their oil, and keep ours for when no one else has oil. Keep shale on "cold" standby with the capacity to be self sufficient. So, if someone threatens a disruption, they know it will only be temporary for the USA.
Maybe use the Strategic Oil Reserve to bridge the time it takes to bring the shale on-line.
So, let other countries deplete their oil, and keep ours for when no one else has oil. Keep shale on "cold" standby with the capacity to be self sufficient. So, if someone threatens a disruption, they know it will only be temporary for the USA.
Maybe use the Strategic Oil Reserve to bridge the time it takes to bring the shale on-line.
I have often thought in a similar way, Rich. I'd rather be the last guy left with any oil in the tank than the one who sold it or burned it all earlier.
$2.03 a Gallon for regular unleaded at Costco/Sams in ABQ. Almost no increase the last few weeks. I just read that gas prices have fallen 9 days straight and oil has been tumbling as well after the short hike when they switched over from Winter to Summer blends. We are currently running around $2.30 so the local stations are slooooooow to drop prices milking all the extra profit they can. Usually we are on average about $0.12 a gallon higher than ABQ
Things have been heading back up on a weekly basis the past few months. Now up to $2.33/gal in ABQ at Costco and Sams and about $0.25 cents more in Santa fe and parts North.
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It has been like a yoyo here going down and back up 10 to 20 cents a gallon at a time. Been bouncing back up to 2.90 now here.
I just filled up for $1.89 here in Lost Almost. Had $0.50 a gallon in rewards points from Smith's (Kroger) for buying groceries and cashed them in. Every little bit helps! LOL
Wow, the average around these parts is $2.65 to 2.69. Got $2.60 @ BJs yesterday. Guess I gotta fire up the gas buddy app and start searching. If I go up by the truck stops around I-81 and Rt 11 I might find a better price.
Black-opal
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its $3.69-$3.99 here
Been awhile since much of anything to report. But yesterday oil hit a new 6 year low price per barrel. It dipped below $42. Have gas prices dropped? Not so much, in fact they haven't dropped in Lost Almost at all. Most stations are charging $2.69 and have not dropped at all through out the entire Sumer even though oil prices have been sliding all Summer long.
In Albuquerque where competition is pretty stiff they are faring a little better. Costco is selling regular unleaded for $2.32 a gallon.
In Albuquerque where competition is pretty stiff they are faring a little better. Costco is selling regular unleaded for $2.32 a gallon.
Boatboy24
No longer a newbie, but still clueless.
$2.79 yesterday in Reston, VA. If I go 15 miles west, its about 30 cents cheaper.
