First gas station with gas under $1 appears in USA.... oil industry hit hard

[CalmWind]

In Michigan.

[BDPfit]

In MD we just dipped to $1.81... I know we generally have higher prices, but $.78?? That's crazy low

[socrates07]

that's fuking insane

I mean I live in florida where the price is currently 1.70'ish and we're among the lowest in the country behind georgia and south carolina

but .78 cents?? wow

we must be going to war here soon, the oil is what powers our economy in the first place..

[bongowongo]

Can someone aware me why gas prices are so low these days? is it because the middle east is in relative ''peace'' ... I remember the prices being high back in the early-mid 2000's thanks to WTC/Invasion of Iraq.


Arent low gas prices a good for everyone else except those working in the oil industry?

[Blakliffy]

It's still 2.59 where I live.

California of peace and taxes.

[CalmWind]

In MD we just dipped to $1.81... I know we generally have higher prices, but $.78?? That's crazy low

Most of us weren't alive the last time gasoline was this cheap!

[Jibt3ch]

Holy chit.... that's .78 cents a GALLON? That's fuking insane.

[CalmWind]

that's fuking insane

I mean I live in florida where the price is currently 1.70'ish and we're among the lowest in the country behind georgia and south carolina

but .78 cents?? wow

we must be going to war here soon, the oil is what powers our economy in the first place..

shiiiit, it's time to fire up the SUV's and take road trips across america! roadtrip every single state on the cheap.

[socrates07]

Can someone aware me why gas prices are so low these days? is it because the middle east is in relative ''peace'' ... I remember the prices being high back in the early-mid 2000's thanks to WTC/Invasion of Iraq.


Arent low gas prices a good for everyone else except those working in the oil industry?

The world economy revolves around oil prices.. that should answer your question

truth is american shale companies started rocking like a boss causing competition to OPEC, in response OPEC kept the supply up while taking a hit in hopes of eventually starving out the american companies and regaining their competitive edge

the result is what you see now, huge supply of oil which of course is causing lower prices and americans falling into poverty involved in the oil industry

[Fang2]

Wow...

[CickSunt]

nice..

[CalmWind]

The world economy revolves around oil prices.. that should answer your question

truth is american shale companies started rocking like a boss causing competition to OPEC, in response OPEC kept the supply up while taking a hit in hopes of eventually starving out the american companies and regaining their competitive edge

the result is what you see now, huge supply of oil which of course is causing lower prices and americans falling into poverty involved in the oil industry

That sounds like a dumb strategy to me.

[Psyllius]

Holy chit.... that's .78 cents a GALLON? That's fuking insane.

Just did the calculations for liters and I think I'm going to cry. lol

[StrawHat94]

That sounds like a dumb strategy to me.

saudi and qatar breakeven prices are low as fuk, so they still profiting from low oil prices will still pricing out US fracking companies

[Rawp0wer1O1]

"oil industry hit hard"

good, that's what they get for raping us for the past decade huehuehue

[yeagerecu]

Oil industry inst the only thing being hit hard, rest of the market is getting killed too. Sure it's great to only pay 25 bucks everytime I fill up, but it's not good for the economy. We need some type of moderation here.

Also Obama and others are trying to force us off fossil fuels. One of the caveats of solar and wind is costs. Middle East is increasing supply to drive down prices and keep alternative energy high cost in comparison to fossil fuel.

[socrates07]

That sounds like a dumb strategy to me.

How? OPEC is filthy fuking rich, they can drop prices to nothing like they have and survive

american companies on the other hand..

[ihavetomakeit]

Oil industry inst the only thing being hit hard, rest of the market is getting killed too. Sure it's great to only pay 25 bucks everytime I fill up, but it's not good for the economy. We need some type of moderation here.

1.50 per gallon and less was enough to generate MASSIVE profits for decades. dont be fooled by these oil businesses going "poor us, we are hurting so badly!"

they're only cutting the bottom rung positions to maintain their own overinflated salaries and the average citizens are as fooled as ever rather than realizing this and being angry at those greedy fuks.

[pogioli4]

not too many years ago and I about had to shell out a kidney to be able to drive. now I can practically copy Peter's free gas card episode from family guy

[threeoneg]

Tfw been to that beacon and bridge....

[Snakethejake83]

Im in the railroad industry, and low oil prices are hitting hard here also. 5000+ planned furloughs planned

[Thiiisguy]

Like that oneven miscer said... looks like it's time for a roadtrip

[yeagerecu]

1.50 per gallon and less was enough to generate MASSIVE profits for decades. dont be fooled by these oil businesses going "poor us, we are hurting so badly!"
they're only cutting the bottom rung positions to maintain their own overinflated salaries and the average citizens are as fooled as ever rather than realizing this and being angry at those greedy fuks.

lol don't be fooled? I'm in the energy industry, I think I've got a pretty solid grasp on the situation. Thanks.

[ihavetomakeit]

Im in the railroad industry, and low oil prices are hitting hard here also. 5000+ planned furloughs planned

railroad seems to find an excuse every year to furlough though. been trying to get into it myself (half the males in one side of my family do it) but its been pretty obvious in interviews that they kinda discriminated. white young man with a 4 year degree who had to take menial office jobs due to school schedule versus the old guys with lots of mechanical experience. i stand no chance. got chosen as an alternate for union pacific but the call hasn't came as they said it would.

[NRidder]

Meanwhile gas prices here are around 5.20$ per gallon and that's cheaper than it's been for years.

[Jimagine88]

http://forum.bodybuilding.com/showth...hp?t=148210133

[shortythree]

It's still 2.59 where I live.

California of peace and taxes.

feels

[LurkoLantern]

Expecting epic slide today by the time the markets close. Overnight in Asian markets, oil futures plummeted. There were some economists theorizing that we'd see $16 per barrel before this is all over.

That feel when you work in oil & gas

[Srben]

The world economy revolves around oil prices.. that should answer your question

truth is american shale companies started rocking like a boss causing competition to OPEC, in response OPEC kept the supply up while taking a hit in hopes of eventually starving out the american companies and regaining their competitive edge

the result is what you see now, huge supply of oil which of course is causing lower prices and americans falling into poverty involved in the oil industry

This.

[kovalchuk71]

In Michigan.

brb driving to MI and filling up barrels with gasoline like Charlie and Mac did.