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Extreme Veteran
Posts: 333
 
| While I love paying less, I'm more concerned as to WHY we're paying less. Something has to be behind it and it can't be supply and demand..just my 2 cents for tonight..lol |
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 Extreme Veteran
Posts: 304
Location: Up and over to the right | It is supply and demand. The east wants us to keep using their supply instead of us using our own. That's how the system works, when we get bored with paying out of our noses for $5 fuel we look to other resources. |
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  Damn Yankee
Posts: 12390
 
Location: Somewhere between raising hell and Amazing Grace | Because we started using our own resources for oil....it forced the middle east to drop prices.
That's all there is to it. They are hoping to put everybody else out of business so they can go back to being the main producers of oil supply. |
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Extreme Veteran
Posts: 333
| But we've been drilling for quite awhile now...prices were high even with us drilling. The news directly reports that the east is purposely trying to put Russia and the U.S. out of selling oil and that the east is the ones buying much of it.
I'm just concerned how much they actually do control. |
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 Ms. Marine
Posts: 4626
Location: Texas | We are paying less because of the Keystone Pipeline. Don't forget that Obama said that it would NOT reduce gas prices... |
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Extreme Veteran
Posts: 333
| Thought the keystone vote failed.. |
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 Playing the Waiting Game
Posts: 2304
| So Obummer can claim LOOK what I did... and we end up with Hilary in office... |
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 Knowledge is Power
Posts: 4051
Location: wherever my daughter's running | I am thinking the Keystone Pipeline was voted down also. I got regular gas for 1.86 today. I must admitt while I was filling up I was wondering what was going on with gas prices and concerned about where this might be headed. I have felt for a long time that we would never see prices below 2.00. Then Wham prices started falling. |
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Extreme Veteran
Posts: 333
| I would think someone would want to take some credit for the low prices but that's not happening....if it's all about production, diesel prices should also fall accordingly..and that's not near as fast as the gas prices..so I don't think production is all that up.
Just seems quiet about the gas situation. I for one wont bank on the low prices.. |
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 Proud to be Deplorable
Posts: 1929
| powerstroke power - 2015-01-03 7:35 PM
Thought the keystone vote failed..
That was for the second pipe line. The first keystone line has been pumping for a few years now. |
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Extreme Veteran
Posts: 333
| jbhoot - 2015-01-03 7:52 PM
powerstroke power - 2015-01-03 7:35 PM
Thought the keystone vote failed..
That was for the second pipe line. The first keystone line has been pumping for a few years now.
Thank you...but the gas prices fell in the past 6 months...a year ago it was over $4/gallon.
I hope it's nothing as we produce 50% of what we consume.
I did just watch a movie that seems to play all this out (which is weird)..how certain governments can bankrupt based on the price of oil. That's only in Hollywood I'm sure. |
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 No Tune in a Bucket
Posts: 2935
Location: Texas | powerstroke power - 2015-01-03 7:59 PM jbhoot - 2015-01-03 7:52 PM powerstroke power - 2015-01-03 7:35 PM Thought the keystone vote failed.. That was for the second pipe line. The first keystone line has been pumping for a few years now. Thank you...but the gas prices fell in the past 6 months...a year ago it was over $4/gallon. I hope it's nothing as we produce 50% of what we consume. I did just watch a movie that seems to play all this out (which is weird )..how certain governments can bankrupt based on the price of oil. That's only in Hollywood I'm sure.
It would not hurt my feelings if the oil prices bankrupted the Russian government and Putin. |
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 Chasin my Dream
Posts: 13651
Location: Alberta | The only thing that concerns me about low gas prices is potential loss of jobs in the oilfield.... |
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Proud to be Deplorable
Posts: 1929
| powerstroke power - 2015-01-03 7:59 PM
jbhoot - 2015-01-03 7:52 PM
powerstroke power - 2015-01-03 7:35 PM
Thought the keystone vote failed..
That was for the second pipe line. The first keystone line has been pumping for a few years now.
Thank you...but the gas prices fell in the past 6 months...a year ago it was over $4/gallon.
I hope it's nothing as we produce 50% of what we consume.
I did just watch a movie that seems to play all this out (which is weird )..how certain governments can bankrupt based on the price of oil. That's only in Hollywood I'm sure.
Right now this is all about OPEC trying to lower the price per barrel to slow down the production of higher priced oil reserves. It is their way of playing high stakes poker. It will slow down some producers in the US and Alberta. But it could bankrupt Russia since their entire economy is based on oil. Gas prices will stay low until production slows. It's about supply and demand right now supply is high. |
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Expert
Posts: 1314
Location: North Central Iowa Land of white frozen grass | It's all about supply and demand. The world runs on diesel fuel. The US runs on gas. We export a lot of diesel. But for every gallon of diesel you make you get so much gas. Well when the storage tanks are full of gas because the american people have bought newer cars that get better milage and we are starting to not drive as many miles a year per car. You have to drop the price of gas to get movement of the product so you can make more diesel. I am sure they are subsidizing the price of gas with the price of diesel. We buy way more crude oil from Canada and Mexico than we do from the middle east by far. |
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 Total Germophobe
Posts: 6437
Location: Montana | In my area this happens EVERY SINGLE YEAR. It is like someone else has said, supply and demand. Up here the demand in the summer is much greater because we have a lot of people going through here (i.e. tourists) on their way to National Parks...the gas prices automatically start going up about the end of April, then once Labor Day is over and done with, they start going down again. It has been the same cycle over and over and over again. But in the winter here, for the most part, it is too cold and snowy to go very far so nobody does.  |
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Extreme Veteran
Posts: 464
| Saudi drove the price down intentionally. The fools around them, finance their wars with the money derived from oil. Less money, less fighting. It's having some serious implications with Russia, and that's something we need to keep an eye on. They were also hoping to curb our interest in fracking. |
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 Nicknameless
Posts: 4565
Location: I can see the end of the world from here! | Watch...federal fuel taxes are getting ready to go up...that's what it's about. You know, they squandered the taxes and now we need to re-build bridges and roads...greed, from our own government. |
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 I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | I thought someone said that the fuel tax in California went up Jan. 1. Obama wants $5.00 a gallon gas but he will gladly take credit for the drop in fuel prices. It's how politicians roll.. |
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 Famous for Not Complaining
Posts: 8848
Location: Broxton, Ga | Also many are saying the lower fuel prices reflect a slowing world economy............. |
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Folks on-line