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Is supposedly cheaper.
LOL on the news this morning they were touting how gas prices have recently come DOWN over the last week nationally due to a REDUCTION in oil prices.
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Did I miss an oil rig explosion?
- Thread starter GeauxLSU
- Start date
LOL on the news this morning they were touting how gas prices have recently come DOWN over the last week nationally due to a REDUCTION in oil prices.
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Can you bring me about 50 gallons?Meanwhile in Alabama.
What's your availability for weekly deliveries?
I just purchased gas at Kroger without using any fuel points for like $1.94 yesterday. Hey, hopefully it will stay at a lower reasonable cost, despite crude oil fluctuations.
In Macon it was a dollar 88 per gallon yesterday and a dollar 94 today.
OPEC has slowed production. This has been great for my oil stock's but not for filling up my gas tank.
The difference is just a little reading:
https://www.kiplinger.com/article/business/T019-C000-S010-energy-price-forecast.html
Saudi Arabia is dialing back its oil exports in accord with OPEC’s recent decision to curb production. Oil has started to rally. Increases in the price of crude usually start showing up at the gas station several days later.
During the summer, the benchmark gas futures contract consistently traded at a bit less than $3 per million British thermal units. An autumn cold snap sent its price soaring to nearly $5 per MMBtu in a matter of weeks. But as we noted at the time, a return to milder weather would push gas prices back down, and that’s exactly what has happened: Gas futures are now trading at $2.94. If frigid temperatures return, another price spike is likely, because the amount of gas held in storage remains below average. But otherwise, we look for gas prices to stay near $3 per MMBtu.
https://www.kiplinger.com/article/business/T019-C000-S010-energy-price-forecast.html
Saudi Arabia is dialing back its oil exports in accord with OPEC’s recent decision to curb production. Oil has started to rally. Increases in the price of crude usually start showing up at the gas station several days later.
During the summer, the benchmark gas futures contract consistently traded at a bit less than $3 per million British thermal units. An autumn cold snap sent its price soaring to nearly $5 per MMBtu in a matter of weeks. But as we noted at the time, a return to milder weather would push gas prices back down, and that’s exactly what has happened: Gas futures are now trading at $2.94. If frigid temperatures return, another price spike is likely, because the amount of gas held in storage remains below average. But otherwise, we look for gas prices to stay near $3 per MMBtu.
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It was a $1.84 here and then overnight last week it went to $2.09. Still is.
