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Originally Posted by Barkoff
Out here gasoline is dropping but Diesel is staying put in the $3.90 range, $1.20 more per gallon than gas.

Remember when diesel used to be cheaper than gas?


Pre ultra low sulphur days.

Locally they are having a bit of gas war. WalMart opened a station and Marathon opened their first. Gas instantly dropped $0.20/gallon. It's about $1.90 for gas. Diesel is around $3.30. Too bad I filled up my 500 gallon tank shortly before the fall.

Last edited by NathanL; 12/12/14.

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Phoenix, where I do construction was one of the biggest housing booms before the housing bust, you had to be in a lottery to buy a house from one of the big builders. It was easy to see the boom couldn't support itself.

So Phoenix was one of the worst hit by the bust and took longest to recover with all the foreclosures and abandoned homes. Construction basically ceased.

Six years later Phoenix is the hottest housing market in the nation but not overly so like the boom years.

The gold mines in Nevada dig gold when the price is above a certain level. They've boomed in the last couple years, if the price drops below they dig much less and the boom stops. Price goes up they dig balls to the walls.

Oil is no different. All these industries have been boom/bust historically.

Why is it any different now? just cause some wish it wasn't for their investments and employment.

Consumers paying high just to continue booms isn't reality.

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Seems to me like a lot more businesses are positively affected by cheaper oil than hurt.

Bring on $1.99 fuel.


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SO the oil industry is going to suffer a bit from lower gas prices? Trillion dollar profits not gonna happen?

What about the smaller businesses and OTHER fields that will be positively affected by people having some disposable income in their pockets and the willingness to spend it on some other product than fuel?

Seems to me that the economy could benefit from lower fuel prices and that isnt a bad thing.


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Originally Posted by ironeagle_84
SO the oil industry is going to suffer a bit from lower gas prices? Trillion dollar profits not gonna happen?

What about the smaller businesses and OTHER fields that will be positively affected by people having some disposable income in their pockets and the willingness to spend it on some other product than fuel?

Seems to me that the economy could benefit from lower fuel prices and that isnt a bad thing.


Those poor oil companies! Them and banks need special protection from us predatory consumers.


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I swear to christ, oil workers are almost as bad as farmers when it comes to poor mouthing.


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Wait.....did i just agree with two fellas from Oregon?


Is it too late to pay extra for gas?


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Originally Posted by MadMooner
Wait.....did i just agree with two fellas from Oregon?


Is it too late to pay extra for gas?


It's all over but the cryin now...


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That sounds like rape.

I'm staying the fugg outta Portland.


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Fireball:

Diesel was $2.99 at Fred Meyer today - without the discount.

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I run gas, it was $106.9 CDN per litre at costco


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Originally Posted by EdM
To those that think cheap fuel is good, well, you'll see.
High fuel has just about killed the economy in this country. Probably each one of those new oil field jobs cost 2-3 jobs in other sectors. It's a closed system. Money isn't "created" out of thin air, unless you're a bankster with access to the national printing press.

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Kent:
it's 2.77/gallon at sam's club in gilbert


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Originally Posted by MadMooner
Seems to me like a lot more businesses are positively affected by cheaper oil than hurt.


Exactly, try and tell The Owner Operator trying to make a living and truck payment how bad lower fuel costs are.



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Originally Posted by EdM
To those that think cheap fuel is good, well, you'll see.


yeah for myself, I can't wait for the opportunity to be shelling out $5.+ a gallon.....

I mean it costing me 40 to 45 % less now than a year ago is really messing up our monthly budget here at home...

Fuel is better when you pay more for it right?

hopefully this craziness will end and we can get back to the good old Overpriced Democrat lead economy...

my next post will be about my anger that we all pay way to little in Taxes.....

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3.29 onroad, 2.89 offroad


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Bargain priced at 3.79 here, consequently the truck mainly sits in the garage.

But I'm hoping it goes higher than that as well as mentioned above the hope for higher taxes because of how well all that helps my household out.


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After the housing collapse and the home market corrected it self, we were told how lower home prices were bad for the economy also. I guess you can say, anything that allows the middle class to keep more of their money is bad for the economy.



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bring back slick willy. $1/gal gas, 20% returns on almost all mutual funds and practically no war. the 90's were the good old days.


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I think #2 highway is around $3.50 here.

Fuel drops $1/gallon we might save $600-700 a month. Not huge savings, but I guess it all adds up.

Hate to see people lose their jobs.


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