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 Elite Veteran
Posts: 679
  
Location: KS | Diesel is down to $1.80 here in MO! I use to get excited when it was at $2.48... How low is Diesel where you guys live? |
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Elite Veteran
Posts: 762
Location: NC | 2.39 is the lowest ive seen. Wish it would get under $2. Even reg gas is 2.19 |
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 A Somebody to Everybody
Posts: 41354
 
Location: Under The Big Sky Of Texas | Diesel here is at 1.89 and reg. at 1.67... Crazy right.  |
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 I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | Enjoy it as our wonderful government is looking to increase the tax on fuel and it will end up really kicking us when the fuel goes back up. |
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 Expert
Posts: 1718
Location: Southeast Louisiana | I saw it for 1.99 here the other day!! The excuse for high grocery prices was that the price the truckers paid for fuel was passed on to the consumer. Sure would be nice if the prices fell back down along with the fuel prices! (Dreaming, I know.. ) |
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 Coyote Country Queen
Posts: 5666
| We got diesel today for $1.83. I remember hauling to a college rodeo 10 years ago paying $2.50 and wondering how anyone would be able to afford to drive anywhere. |
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Coyote Country Queen
Posts: 5666
| Nita - 2015-12-17 9:34 PM
I saw it for 1.99 here the other day!! The excuse for high grocery prices was that the price the truckers paid for fuel was passed on to the consumer. Sure would be nice if the prices fell back down along with the fuel prices! (Dreaming, I know.. )
Grain prices have dropped along with livestock prices. I don't know if that means we'll see a drop in grocery prices. But I noticed today at the grocery store the price of ground beef was down. |
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Expert
Posts: 1718
Location: Southeast Louisiana | Jenbabe - 2015-12-17 9:40 PM
Nita - 2015-12-17 9:34 PM
I saw it for 1.99 here the other day!! The excuse for high grocery prices was that the price the truckers paid for fuel was passed on to the consumer. Sure would be nice if the prices fell back down along with the fuel prices! (Dreaming, I know.. )
Grain prices have dropped along with livestock prices. I don't know if that means we'll see a drop in grocery prices. But I noticed today at the grocery store the price of ground beef was down.
That makes me smile. |
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 Total Germophobe
Posts: 6437
Location: Montana | Our gas is down to $2.06 and our diesel to $2.24. I'm liking it but don't have anywhere to go this time of the year! We have SNOW! Boo! |
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 Mature beyond Years
Posts: 10780
Location: North of the 49th Parallel | I'm still paying around $3.75/gallon up here which is nice but....... I'd rather be paying $4.50-5.00 if it meant oil would go back up to $60/barrel. These oil prices are killing us. |
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 Elite Veteran
Posts: 1037
| bccanchaser16 - 2015-12-17 11:53 PM
I'm still paying around $3.75/gallon up here which is nice but....... I'd rather be paying $4.50-5.00 if it meant oil would go back up to $60/barrel. These oil prices are killing us.
You and me both. Its getting pretty scary. |
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Elite Veteran
Posts: 629
| 2.09 For gas here, and 2.17 was diesel this morning. :) |
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Coyote Country Queen
Posts: 5666
| kboltwkreations - 2015-12-18 7:24 AM
bccanchaser16 - 2015-12-17 11:53 PM
I'm still paying around $3.75/gallon up here which is nice but....... I'd rather be paying $4.50-5.00 if it meant oil would go back up to $60/barrel. These oil prices are killing us.
You and me both. Its getting pretty scary.
I agree. And while I'm glad beef prices are looking a little more affordable, as a cattle owner it's not what we'd like to see. We all knew prices were going to correct and go back down, but I don't think many were expecting it to happen this soon or too drop off so quickly. |
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Elite Veteran
Posts: 672
| kboltwkreations - 2015-12-18 7:24 AM
bccanchaser16 - 2015-12-17 11:53 PM
I'm still paying around $3.75/gallon up here which is nice but....... I'd rather be paying $4.50-5.00 if it meant oil would go back up to $60/barrel. These oil prices are killing us.
You and me both. Its getting pretty scary.
Same here. I work for a large oil company and smile everyday I go to work and still have a job. It's scary! Wish the cattle prices would go back up too...but guessing that wont happen for quite a while!  |
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A Somebody to Everybody
Posts: 41354
Location: Under The Big Sky Of Texas | The oil prices should be going back up soon. And we need that to happen here in South Texas. The dropping of the gas prices here is a bad sign, but the good is coming, dont know when but its coming..  |
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 Elite Veteran
Posts: 851
Location: West Texas | Gas prices are too darn low. It really isn't good. Think of it this way folks. The reason why oil prices are low is because the world economy is bad. Trucking prices have not dropped because trucking has fallen off, due to less goods being shipped. In places that oil is produced, the economy is trickled through with the effects of oil profits, or lack thereof. Additionally, oil needs to be at a certain price point for drilling to occur. We are well below that price point and less drilling, means less production. You cannot have increased production (read less imported oil) and low prices. Low prices are just as harmful, in the big picture, as extremely high prices. This just proves the point that oil prices are not a conspiracy, as well. Many people have lost their jobs and oil companies are hurting right now. So much for Hillary taking their profits! Finally, the government receives huge amounts or funds from oil taxes, which have dramatically fallen off. |
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 Bulls Eye
Posts: 6443
Location: Oklahoma | $1.65 for regular gas and I saw diesel for $1.95 yesterday in Oklahoma City |
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 Expert
Posts: 1525
| My boyfriend works in oilfield sales...large equipment, and his customers don't think the o/f will come back until 2017. I live in Midland, Tx. We have 2 rigs behind our house drilling in our back pasture right now. I am not sure why we are drilling with $37 a barrel oil prices...supply and demand apparently isn't a working concept right now.
Edited by MOTIVATED 2015-12-18 9:47 AM
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 Accident Prone
Posts: 22277
Location: 100 miles from Nowhere, AR | Jenbabe - 2015-12-18 7:33 AM kboltwkreations - 2015-12-18 7:24 AM bccanchaser16 - 2015-12-17 11:53 PM I'm still paying around $3.75/gallon up here which is nice but....... I'd rather be paying $4.50-5.00 if it meant oil would go back up to $60/barrel. These oil prices are killing us. You and me both. Its getting pretty scary. I agree. And while I'm glad beef prices are looking a little more affordable, as a cattle owner it's not what we'd like to see. We all knew prices were going to correct and go back down, but I don't think many were expecting it to happen this soon or too drop off so quickly.
The grain markets had the same drastic correction. We went from comfortably profitable, to below cost of production in a few months. No one expected the "OMG I can't believe how great the markets are" of 2012-2013 to last, but it would have been nice if the decline had stopped where we could still make some money. We're looking at adding cotton acres next year and very little to zero corn.
Last time I was in town, diesel was $1.89. I remember when diesel first went over a dollar and I didn't think I could afford to haul anymore. That was only about 15 years ago. |
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Elite Veteran
Posts: 851
Location: West Texas | MOTIVATED - 2015-12-18 9:46 AM
My boyfriend works in oilfield sales...large equipment, and his customers don't think the o/f will come back until 2017. I live in Midland, Tx. We have 2 rigs behind our house drilling in our back pasture right now. I am not sure why we are drilling with $37 a barrel oil prices...supply and demand apparently isn't a working concept right now.
The only reason the rigs are behind your house is that the oil companies have leases that require a certain minimum level of drilling. If they just quit drilling entirely, they will loose their leases and have no place to drill when prices get better. Also, they have to keep a certain level of skilled employees so that when things do improve, they will have a good base workforce to start up with. At $37/barrel, they are definitely loosing money to drill each well. Most wells around here are 10 million dollar plus propositions. I am sure this doesn't apply to you, but actual drilling rigs look similar to pulling and rework units and some people get those confused. |
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