OIL below 30 a barrel now....wIll it drop further?

  • Posted by a hidden member.
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    Jul 15, 2015 4:46 AM GMT
    Oil breaks below $30 for the first time in 12 years

    http://www.msn.com/en-us/money/markets/oil-breaks-below-dollar30-for-the-first-time-in-12-years/ar-CCpajg?li=BBnb7Kv
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    Jul 15, 2015 1:31 PM GMT
    TomSOCAL said
    Sam27 saidIt will probably go down for a day than go back up high. In Flagstaff AZ gas price is ridiculous.


    Well, yeah it is ridiculous for the most corrupt city in the state, right there along with Tempe. The city leaders of both cities don't care about the starving students, approving condos that cost well over $1200 a month to rent.

    Why did you block me, Arizona native, why are u Arizona natives so easily offended? What did I say that offended you? Now if you have blocked me then you'll never read this. I thought you were a genuinely nice guy, but then you block me. But the number of Southern California and Arizona gay guys who have blocked me is enormous.

    Why do you folks from Arizona and southern California dislike folks from the Northern States and New England who have college degrees and are intellectuals? Yes, I'm in Scottsdale, but so what? I actually prefer Cave Creek and Sedona, where there are half as many people with college degrees. Even though the rest of you never went to college, why are you so envious and jealous of those of us that did?

    You're a nice guy. Send me a PM and let me know what I said to offend you. Likewise with the folks in Southern CAL. I know that I belong in Colorado, Vermont, upstate NY, or Maine, and I'm going to Colorado, but do me a favor and let me know why I don't fit into SOCAL or Arizona (except Scottsdale, Cave Creek, and Sedona, apparently).

    Is it the drug culture? The pot? The meth? I don't participate. In Scottsdale I do not associate with people on drugs. Same thing in Palm Springs and Southern California.


    "Why did you block me"

    How do you know that he did?
  • Jonathan16

    Posts: 50

    Jul 15, 2015 2:52 PM GMT
    I need it to be 89 cents like it was in the 90s
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    Jul 15, 2015 3:35 PM GMT
    Sam27 saidIt will probably go down for a day than go back up high. In Flagstaff AZ gas price is ridiculous.


    Actually there is a worldwide surplus. I checked and gas in Flagstaff is only a few cents more than here in Phoenix. -- $2.78

    http://www.arizonagasprices.com/

    Thankfully we do not live on Calif with it's oddball gas recipe, high prices and spot shortages. The average price is $4.29 and going higher in LA.
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    Jul 15, 2015 4:47 PM GMT
    2bnaked saidMy 30 dollar (a barrel) oil post has mysteriously disappeared. So here's a new one. Looks like we will hit below the 2.00 US GAL here soon. Break out the stang!!!

    $2 gas will be back after Iran nuclear deal

    http://money.cnn.com/2015/07/14/news/economy/2-gas-iran-nuclear-deal/index.html


    Surely those right-wingers who wanted to bomb Iran, instead of negotiating, should be sticking to their principles and paying $4 a gallon in protest.



  • FRE0

    Posts: 4865

    Jul 15, 2015 5:27 PM GMT
    I remember when gasoline cost less than 30 cents per gallon.
  • daveindenver

    Posts: 315

    Jul 15, 2015 7:16 PM GMT
    If $2 gasoline happens, we need to crank up the gas tax to $1.00.....to fix up the crumbling infrastructure.
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    Jul 15, 2015 7:52 PM GMT
    daveindenver saidIf $2 gasoline happens, we need to crank up the gas tax to $1.00.....to fix up the crumbling infrastructure.



    Oh great idea!!!

    However, they have already added that here in California. Not to mention, the state is in a severe gas shortage now. The shippers are irritated with the gas mix that decreases carbons in the state. The fuel has to be imported and then refined in California. The FEW...refineries that are left are having some operational issues....I guess they could be considered part of the infrastructure or somethingicon_question.gif. They will not build any more refineries because of environmental issues!! Thus, we are now seeing in some places here in the GOLDEN STATE 5.00 gasoline! How special right??

    Thankfully, I only commute to the beach......LOL

    Oh, and BTW, since we are taxing this energy commodity, why not tax another "high energy" product or products like JUNK FOODS!! Just think how much $$$$ we could raise on chips, fast food, televisions, ding dongs, etc!!! Yup great ideas!!! lol icon_wink.gificon_wink.gificon_wink.gif
  • Posted by a hidden member.
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    Jul 16, 2015 1:23 AM GMT
    daveindenver saidIf $2 gasoline happens, we need to crank up the gas tax to $1.00.....to fix up the crumbling infrastructure.


    The funny side effect of less driving and more fuel efficient cars is there is less money in the federal highway fund...

  • HottJoe

    Posts: 21366

    Jul 16, 2015 1:28 AM GMT
    TomSOCAL said
    Sam27 saidIt will probably go down for a day than go back up high. In Flagstaff AZ gas price is ridiculous.


    Well, yeah it is ridiculous for the most corrupt city in the state, right there along with Tempe. The city leaders of both cities don't care about the starving students, approving condos that cost well over $1200 a month to rent.

    Why did you block me, Arizona native, why are u Arizona natives so easily offended? What did I say that offended you? Now if you have blocked me then you'll never read this. I thought you were a genuinely nice guy, but then you block me. But the number of Southern California and Arizona gay guys who have blocked me is enormous.

    Why do you folks from Arizona and southern California dislike folks from the Northern States and New England who have college degrees and are intellectuals? Yes, I'm in Scottsdale, but so what? I actually prefer Cave Creek and Sedona, where there are half as many people with college degrees. Even though the rest of you never went to college, why are you so envious and jealous of those of us that did?

    You're a nice guy. Send me a PM and let me know what I said to offend you. Likewise with the folks in Southern CAL. I know that I belong in Colorado, Vermont, upstate NY, or Maine, and I'm going to Colorado, but do me a favor and let me know why I don't fit into SOCAL or Arizona (except Scottsdale, Cave Creek, and Sedona, apparently).

    Is it the drug culture? The pot? The meth? I don't participate. In Scottsdale I do not associate with people on drugs. Same thing in Palm Springs and Southern California.

    I think a lot of people have blocked you, along this one other guy, for your antidrug propaganda.
  • FRE0

    Posts: 4865

    Jul 16, 2015 1:30 AM GMT
    desertmuscl said
    daveindenver saidIf $2 gasoline happens, we need to crank up the gas tax to $1.00.....to fix up the crumbling infrastructure.


    The funny side effect of less driving and more fuel efficient cars is there is less money in the federal highway fund...



    It will be interesting to see how they deal with electric cars since there is no highway tax on electricity.
  • Posted by a hidden member.
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    Jul 16, 2015 2:50 AM GMT
    It just hits about $4 gallon at where I live. About $4.69 in the Newport Beach/Coast area. Ridiculous.
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    Jul 16, 2015 3:18 AM GMT
    LAXWill10 saidIt just hits about $4 gallon at where I live. About $4.69 in the Newport Beach/Coast area. Ridiculous.



    I am back in the hot sun of AZ and it's 2.50 a US gal here. Relief from high prices in So Cal
    I feel like everything is so much less here!
  • Posted by a hidden member.
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    Jul 16, 2015 6:47 AM GMT
    FRE0 saidI remember when gasoline cost less than 30 cents per gallon.


    Yep.

    29.9
  • FRE0

    Posts: 4865

    Jul 16, 2015 6:14 PM GMT
    chuckystud said
    FRE0 saidI remember when gasoline cost less than 30 cents per gallon.


    Yep.

    29.9


    And there were also gas wars during which gasoline would sometimes very temporarily drop below 10 cents per gallon.
  • PRDGUY

    Posts: 641

    Jul 16, 2015 6:30 PM GMT
    could be but it will be awhile. today RBOC wholesale gas price is $1.897 while the spread between WTI (West Texas Intermediate) and North Brent has reversed and now is increasing again! WTI is down .62% while North Brent is up 1.57%... so while a 20 cent drop in the next four to six weeks is likely...$2 a gallon gas is at least off until November when the refineries in the US switch back to the winter blend. unfortunately then we are in the holiday season and prices usually rise 7 to 10 cents historically. and Iran's production will not come online for 9 to 12 months if at all.
  • roadbikeRob

    Posts: 14380

    Jul 17, 2015 11:10 AM GMT
    FRE0 saidI remember when gasoline cost less than 30 cents per gallon.
    Yeah those were the dark, horrible days of middle class flight, suburban sprawl, and construction of limited access superhighways which ruined this great country and eventually drove it into deep deficits. It also hurt both cities and small rural towns alike because the interstates bypassed them completely or ran through them and tore them in half.icon_mad.gif
  • PRDGUY

    Posts: 641

    Jul 17, 2015 5:05 PM GMT
    [quote][cite]TomSOCAL said[/cite]
    PRDGUY saidcould be but it will be awhile. today RBOC wholesale gas price is $1.897 while the spread between WTI (West Texas Intermediate) and North Brent has reversed and now is increasing again! WTI is down .62% while North Brent is up 1.57%... so while a 20 cent drop in the next four to six weeks is likely...$2 a gallon gas is at least off until November when the refineries in the US switch back to the winter blend. unfortunately then we are in the holiday season and prices usually rise 7 to 10 cents historically. and Iran's production will not come online for 9 to 12 months if at all.


    Great info, thanks for providing this analysis, the Arizonans will block your post! Could you answer a question . . . Is it true that Arizona refuses to use California gas, and that's why Arizona gas is 30 cents more expensive than New Mexico and Colorado?

    Does this have anything to do with Mobil refineries in California having back room ties to the state of Arizona and its cities?

    Where does Nevada get its gas? I've never seen a Mobil station in Nevada, but they are all over small town Arizona and California. Very fishy.
    [/Nevada

    I don't know about the geopolitical implications in Arizona specifically however three main pipelines serve Arizona- all owned by Kinder Morgan... two of the lines coming from Texas specifically El Paso refineries, while the third main line comes from California- through Yuma. 70 percent of the gasoline comes from California while 30% comes from Texas.
    Southern Nevada is served thru Las Vegas which receives its gasoline via a pipeline from Los Angeles refineries. Northern Nevada (Lake Tahoe / Reno) is served from the San Francisco Bay Area refineries by pipeline and overland transport. Nevada uses the same formulation of higher refined standards of gasoline as California.
    Both New Mexico and Colorado use the lower United States standard for gasoline and they are also served several more pipelines than Arizona.
  • mybud

    Posts: 11837

    Jul 17, 2015 5:40 PM GMT
    FRE0 saidI remember when gasoline cost less than 30 cents per gallon.
    Ya...My mom is about yo age...She told me Moses was a good fuck.
  • FRE0

    Posts: 4865

    Jul 18, 2015 1:21 AM GMT
    roadbikeRob said
    FRE0 saidI remember when gasoline cost less than 30 cents per gallon.
    Yeah those were the dark, horrible days of middle class flight, suburban sprawl, and construction of limited access superhighways which ruined this great country and eventually drove it into deep deficits. It also hurt both cities and small rural towns alike because the interstates bypassed them completely or ran through them and tore them in half.icon_mad.gif


    Quite true. That occurred when Eisenhower was president.

    During the Cold War, just about anything could win congressional approval by asserting that it was necessary for defense. The Interstate Highway System was said to be necessary for defense; it might not have been possible to approve it otherwise. Unfortunately, it had the side effects that you mention plus a number of other side effects. The demand for more and more fuel also greatly influenced foreign policy. No doubt it would be possible to write a book on its effects; perhaps someone already has.
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    Oct 24, 2015 5:22 AM GMT
    Special report.......

    2 days ago I paid 1.89.00 for a US gal of gas. While at costco, the attendant told me the same thing or similar in metrics @ the new facility in SPAIN was about 8.00 a liter. WE WIN!!

    P.S. It did happen because I have photos!!! LOL
    Stand by!
  • Posted by a hidden member.
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    Oct 24, 2015 6:36 AM GMT
    FRE0 saidI remember when gasoline cost less than 30 cents per gallon.

    Me, too. I could fill my VW from empty in 1966 for less than $3.00, and I'd fill my motorcycle tank with loose pocket change.
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    Oct 24, 2015 7:01 AM GMT
    Anyone remember how the price of gas jumped within a few hours of 9/11? icon_mad.gif
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    Oct 24, 2015 7:06 AM GMT
    bon_pan saidAnyone remember how the price of gas jumped within a few hours of 9/11? icon_mad.gif

    Yup. But it always jumps up suddenly, yet inches down ever so slowly, if it does at all.
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    Oct 24, 2015 9:56 AM GMT
    2Bnaked saidSpecial report.......

    2 days ago I paid 1.89.00 for a US gal of gas. While at costco, the attendant told me the same thing or similar in metrics @ the new facility in SPAIN was about 8.00 a liter. WE WIN!!

    P.S. It did happen because I have photos!!! LOL
    Stand by!


    $8 a litre in Spain? More like $1.33 a litre. I think the attendant meant $8 a US gal, which is still wrong. It was that price some time ago, but of course, fuel prices have dropped in Europe too, so you will pay around $5 per US gal in Spain at the moment.

    Petrol (gasoline) is heavily taxed in Europe, but then, health care in Europe tends to be free at the point of delivery. In the US you "win" on gas prices, while in Europe we "win" on health care prices.

    Btw, why do you keep saying your oil threads have disappeared? You said exactly the same thing in your last one (which hasn't disappeared):

    http://www.realjock.com/gayforums/4095447

    Perhaps if you concentrated a little more on the quality of your posts (rather than splashing nonsense all over the forums) you'd manage to keep track of them better.