$25 barrel oil damn $1.25 gas is here and or less!

[ChargerChallenger]

Have to love the Saudis kicking the Russians ass lol. The oil war is going to give us $1 gas lol and just run the numbers. A barrel of oil is 44 gallons divided by $25 is .58 cents cost oil.

 

[45-70govt]

Yay race fuel for normal gas prices coming soon

 

[motorhead]

Got a full tank of premium for my TBSS this morning for under 100 bucks. Nice.

 

[sad]

It is TERRIBLE for the US economy. Like it or not, we need oil to be high-ish.

 

[Hpindy]

It is TERRIBLE for the US economy. Like it or not, we need oil to be high-ish.

Do you work in the oil industry?

Sent from my BBF100-2 using Tapatalk

 

[Jack_Toepfer]

The virus-scare in general is going to be apocalyptic...

BUT, the Trackhawk is a little more appealing right now...

 

[Magnified]

and, as I've repeatedly bitched about, we produce (here in West Texas) the majority of the US oil, and we have an 85,000 barrel a day refinery, and we still pay the highest gas prices anywhere in the state. It's a conspiracy I tells you! Yesterday in New Mexico (just over the border) freaking $2.27 a gallon for regular.

 

[Boris]

IL just added a gas tax and 87 is $1.60/gal at the Costco by me.

Not sure if thats a special deal or not but i haven't seen gas that cheap in a long friggin time

 

[MXS67454]

65.00-70.00 bbl oil would have all parties happy.

 

[Hickster]

It is amazing what a bit of natural gas would do on the chopping block. Coal fer China and the rest of the planet that gives a crap concerning the wil der beast,,, are purchasing natural gas. Nancy.

 

[sad]

Do you work in the oil industry?

Sent from my BBF100-2 using Tapatalk

Yes I do. Work in refining. We do not explore or drill or produce.... A downstream organization like ours is purely a spread/margins company.

65.00-70.00 bbl oil would have all parties happy.

I like to see a steady $80/bbl... but close enough.

If oil is super cheap, we buy from overseas and we but hundreds of thousands of American jobs at risk. With it low like that, it’s too expensive to drill a hole in the ground... Cheaper/more profitable to simply buy it from ’over there’.

 

[Jimmy N.]

Yesterday in New Mexico (just over the border) freaking $2.27 a gallon for regular.

Jealousy will get you nowhere.
But 2.27 is kinda high for here. Did you have to pay the Texan surcharge?

 

[Stormtrooper1320]

IL just added a gas tax and 87 is $1.60/gal at the Costco by me.

Not sure if thats a special deal or not but i haven't seen gas that cheap in a long friggin time

The lowest I've seen 87 in my area is now 2.07/gal

 

[ChargerChallenger]

Yes I do. Work in refining. We do not explore or drill or produce.... A downstream organization like ours is purely a spread/margins company.



I like to see a steady $80/bbl... but close enough.

If oil is super cheap, we buy from overseas and we but hundreds of thousands of American jobs at risk. With it low like that, it’s too expensive to drill a hole in the ground... Cheaper/more profitable to simply buy it from ’over there’.

I feel your pain and I was an oil salesman in the 80s and early 90s. When Texas crude in the early 80s went to the $6-$8 barrel Texas went Bust. And back in the late mid to late 80s I was selling Heating oil for .39 cents a gallon lol. Incredible and yes the markets need to be above $50 to stay alive. But the Saudis don’t give a shit about anyone but them and the reckoning has begun. And sincerely hope your company weathers the storm.

 

[Magnified]

I have a hard time having sympathy for the oil industry with the keep the price high thing. The call to protect American jobs is well and good (and I agree) but I don't see why oil related jobs are any more important than the jobs in other sectors that we've lost over the last 20+ years to off shoring in pursuit of massive profits (the savings are never passed on to the customer in any meaningful way that I have experienced - though my personal experience is limited to high tech, the figures back that up in other fields). It's the endless quest by business to eliminate every possible american job that they can in order to not pay American wages, benefits (if your lucky) or retirement (hahahahaha). Know why the HC is made in Brampton? Because the big three love Canadian production because you get near-peer US quality levels with no need to pay health benefits (and other savings).

EDIT - btw, I'm not attacking the oil industry (or at least only so far as they fail to support other American jobs). I'm saying corporate america cannot continue to folks solely on the profit margin. There's a reason Henry Ford said make the best quality product possible, at the lowest cost possible, paying the highest wages possible. The worker is not the enemy, they're actually your market.

 

[Mean Cat]

It is TERRIBLE for the US economy. Like it or not, we need oil to be high-ish.

I agree , bad for Houston's oil companies , I don't mind paying $2. a gallon for gas but not much more.

 

[Boris]

Looking at the inflation calculator, gas at $1.50/gallon would be equivalent to what i paid in 1996 for gas when i first started driving. .89/gal for 87.

Shale oil is profitable at 60-65/bbl in the US. The days of $140 and threats of $200/bbl oil are over. Peak oil scare, anyone remember that shit?

 

[Hpindy]

Yes I do. Work in refining. We do not explore or drill or produce.... A downstream organization like ours is purely a spread/margins company.



I like to see a steady $80/bbl... but close enough.

If oil is super cheap, we buy from overseas and we but hundreds of thousands of American jobs at risk. With it low like that, it’s too expensive to drill a hole in the ground... Cheaper/more profitable to simply buy it from ’over there’.

That makes sense. "You people" are the only ones whining about low fuel prices . The rest of us are grateful we can have some money left over to buy an ice cream cone after we fill up out tanks .
But alas I know it won't last long and corporate greed will rear it's ugly head once again

My rant is over . (I'm a little cranky with all this corona Crap going on. )

Sent from my BBF100-2 using Tapatalk

 

[Sinister_cat]

We aren't that lucky here in arizona. Before the Saudis flooded the market, we were paying 2.99 for regular 87.

Now its 2.85. Big whoop.

 

[Yoguard]

I remember leaded Sunoco 260 (Approx 102 octane) in the 60s. I was paying 30-40 cents a gal. Those were the days....