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Old 07-06-2015, 8:01am   #1
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Default A Barrel of Crude Oil Is Below $55.00 Again

Down 4.5% today and in free fall the past week.
I do hope that it is reflected in the prices at the pumps soon as we are paying $2.80/ gal. for reg unleaded.
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Old 07-06-2015, 9:04am   #2
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That just means the price of everything will continue to rise. I don't get it.
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Old 07-06-2015, 9:05am   #3
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That just means the price of everything will continue to rise. I don't get it.
How so?
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Old 07-06-2015, 9:49am   #4
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There is a Mobil station up the street for me that hasn't changed their price in WEEKS. 87 is $3.79 a gallon. Premium is $3.99.

Everywhere else is way cheaper.
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Old 07-06-2015, 9:50am   #5
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Down 4.5% today and in free fall the past week.
I do hope that it is reflected in the prices at the pumps soon as we are paying $2.80/ gal. for reg unleaded.
It will do absolutely nothing to lower the price of gas.
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Old 07-06-2015, 9:51am   #6
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There is a Mobil station up the street for me that hasn't changed their price in WEEKS. 87 is $3.79 a gallon. Premium is $3.99.

Everywhere else is way cheaper.
You sure they didn't go out of business and didn't take the numbers off the sign?
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Old 07-06-2015, 10:16am   #7
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You sure they didn't go out of business and didn't take the numbers off the sign?
Nope. Funny thing is, I drove by it about 20 minutes ago and the place was packed.

I filled up the Tacoma at Chevron down the street the other day and it was under $3.50/gallon.

I'm usually not one to shop around for cheaper gas, for example if one station is packed because it's a few cents cheaper than the one across the street...I'll take the path of least resistance.

But a 30 difference is fuggin 6 bucks in a 20 gallon tank, that's significant.
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Old 07-06-2015, 10:22am   #8
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I need it to be about $80.00/gal

Three places I applied sent notice that the position posted was placed on hold. I assume it is because it is tied to the freefall.
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Old 07-06-2015, 10:48am   #9
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Our gas went up with the last increases and hasn't come down at all yet. They always screw us over with the summer high driving usage.
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Old 07-06-2015, 11:14am   #10
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Believe it or not, California dropped their tax on gas by .06 per gallon on July 1st. So of course, gas stations immediately passed .02 of that on to the consumer.
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Old 07-06-2015, 11:15am   #11
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Our gas went up with the last increases and hasn't come down at all yet. They always screw us over with the summer high driving usage.
I always here stuff about it being due to the summer blend requiring more oxygenations or something like that. Get rid of the ethanol bullshit and prices will come down, too.
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Old 07-06-2015, 11:50am   #12
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Pardon my mistake.

Down 6% ! !

It's now at $53.41.

C'mon $50.00!!!
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Old 07-06-2015, 12:32pm   #13
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7.7% !!
I have not seen a blow out bottom like this in a while.
It just passed through $53.00 to $52.97, and closed at $52.53 !

Wow.
Contrary to some of the comments posted here, fuel prices at the pumps will fall.
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Old 07-06-2015, 12:34pm   #14
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7% !!
I have not seen a blow out bottom like this in a while.
It just passed through $53.00 to $52.97.

Wow.
Contrary to some of the comments posted here, fuel prices at the pumps will fall.
.....I need a tank, and almost filled up today.
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Old 07-06-2015, 12:38pm   #15
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Question?
What was the cost of gas at the pump the last time a barrel of crude was 50 bux?
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Old 07-06-2015, 12:43pm   #16
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It reached $48.71 as a low in the past 52 weeks.
Here in WNY, the lowest that I paid at the pump was $2.87. We are at $3.80 as I type.
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Old 07-06-2015, 12:50pm   #17
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I believe I remember crude at 50 bux in the 1980's and gas at the pump at just over one dollar?
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Old 07-06-2015, 2:08pm   #18
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Originally Posted by Jeff '79 View Post
7.7% !!
I have not seen a blow out bottom like this in a while.
It just passed through $53.00 to $52.97, and closed at $52.53 !

Wow.
Contrary to some of the comments posted here, fuel prices at the pumps will fall.
I'm a pessimist but will do the happy dance and believe it when I see it (and then fill up the other 150 gallons worth of fuel tanks on my boat.
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Old 07-06-2015, 2:16pm   #19
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It reached $48.71 as a low in the past 52 weeks. Here in WNY, the lowest that I paid at the pump was $2.87. We are at $3.80 as I type.
Wow. I filled up today for $2.47 a gallon
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Old 07-06-2015, 2:19pm   #20
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I believe I remember crude at 50 bux in the 1980's and gas at the pump at just over one dollar?
and how many taxes have been added per gallon of gas since then too?
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