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Thread: CNN: Gas For Less Than $2 Is Now Widespread

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by Van Basten View Post
    [SOURCE]

    Won't last long, but still mildly interesting.
    I think it's great and will help the retailers in this Christmas season, as well as the economy in general.

    Yeah, I know that it's not going to last. But makes we want to buy a 1/2 dozen 55 gallon drums and fill them up as an emergency supply. Could treat it with Stabil from the get go for keeping it fresh.

    Next time gas goes over $4 / gallon, I could sell it for slightly less, or use it myself.
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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by faithful_servant View Post
    The whole story is that while a couple thousand jobs are being lost, far more are being created. Lowered cost to transport goods lowers prices, which increases sales, which creates jobs. Don't get sucked into the "bad news is our business" media hype.
    What they are really saying is that lower prices leads to less taxes which means less money to fund the socialist agenda. Has nothing to actually do with business which will still be taxed at an exorbitant percentage rate, that percentage while the same will be a lesser dollar amount.
    Only a fool measures equality by results and not opportunities.

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by Amadeus View Post
    Thanks, OBAMA.
    Yes, Obama has been fracking around the country for the past six years. U.S. Oil & Gas Production On the Rise Thanks to Fracking - IER

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by DVSentinel View Post
    What they are really saying is that lower prices leads to less taxes which means less money to fund the socialist agenda. Has nothing to actually do with business which will still be taxed at an exorbitant percentage rate, that percentage while the same will be a lesser dollar amount.
    Even that's off base, since gas taxes are based on $/gallon. Lower gas prices = more driving = more gas consumed = more gas taxes collected.
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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by NIMBY View Post
    Thanks Obama.

    This Nation is light years ahead of where it was six years ago economically .
    Yes blacks on food stamps have doubled.
    Murder is up.
    Drug use is up.
    Poverty is up
    Wall street is alive and well despite Obama's claim to bring it down and let Main street take over...........where the hell is Main street?

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    still about $2.30 at this 20.

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by danarhea View Post
    Actually, cheap gas will be with us for at least a couple of years.

    1) The US is now the world's biggest oil producer, after Saudi Arabia.

    2) China is in a bad recession, and is importing less oil because of it.
    I meant gas under $2 dollars won't last long.

    Quote Originally Posted by eohrnberger View Post
    I think it's great and will help the retailers in this Christmas season, as well as the economy in general.

    Yeah, I know that it's not going to last. But makes we want to buy a 1/2 dozen 55 gallon drums and fill them up as an emergency supply. Could treat it with Stabil from the get go for keeping it fresh.

    Next time gas goes over $4 / gallon, I could sell it for slightly less, or use it myself.
    @bold: Oh, so normal people can stockpile gas. I was wondering about that.
    Last edited by Van Basten; 12-16-14 at 04:58 PM.
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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by Van Basten View Post
    [SOURCE]

    Won't last long, but still mildly interesting.
    13 states is not wide spread imo. But yeah, interesting. Just wish it was that here.
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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Food for thought on Gas prices.
    A 42 gallon barrel of oil produces about 36 gallons of useful fuel product.
    At $55 a barrel divided by 36 gallons, equals $1.52 per gallon plus tax and evil profit.
    http://www.exxonmobilperspectives.co...API-US-Map.jpg
    It looks like there may be a correlation between the states with low fuel tax, and those below $2
    a gallon for Gas.
    I will use Texas at $.3840 tax per gallon as an example.
    $1.52 + .38 = 1.90, with a whole $.09 left over for gross profit sales per gallon.

    The oil price is down because supply is up, Supply is up, because of new (more expensive)
    extraction technologies.
    With the price down, the new technologies become less viable, so the supply
    will shrink, and the price will increase.

    It is an ugly cycle, (and part of the reason I got out of that business almost 30 years ago.)

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    Re: CNN: Gas For Less Than $2 Is Now Widespread

    Quote Originally Posted by Helix View Post
    still about $2.30 at this 20.
    Yeah. North Cacallaccy taxes suck. $2.45 if you're willing to drive to an out of the way station around here.

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