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Joined: Sep 2007
Posts: 13,268
Campfire Outfitter
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Campfire Outfitter
Joined: Sep 2007
Posts: 13,268 |
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.
Otto is my co-pilot.
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Joined: Jan 2005
Posts: 17,042
Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
Posts: 17,042 |
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.
Kent
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Joined: Dec 2007
Posts: 25,107
Campfire Ranger
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Campfire Ranger
Joined: Dec 2007
Posts: 25,107 |
Seems to me like a lot more businesses are positively affected by cheaper oil than hurt.
Bring on $1.99 fuel.
“Life is life and fun is fun, but it's all so quiet when the goldfish die.”
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Joined: Aug 2008
Posts: 10,443
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2008
Posts: 10,443 |
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.
30-06 till i die, the greatest round ever! I carry a gun because a cop is too heavy! CEO of a Turdlike People: Turds & Tats Division... (per Ingwe )
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Joined: May 2011
Posts: 56,311 Likes: 9
Campfire Kahuna
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Campfire Kahuna
Joined: May 2011
Posts: 56,311 Likes: 9 |
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.
_______________________________________________________ An 8 dollar driveway boy living in a T-111 shack
LOL
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Joined: Dec 2007
Posts: 25,107
Campfire Ranger
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Campfire Ranger
Joined: Dec 2007
Posts: 25,107 |
I swear to christ, oil workers are almost as bad as farmers when it comes to poor mouthing.
“Life is life and fun is fun, but it's all so quiet when the goldfish die.”
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Joined: Dec 2007
Posts: 25,107
Campfire Ranger
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Campfire Ranger
Joined: Dec 2007
Posts: 25,107 |
Wait.....did i just agree with two fellas from Oregon?
Is it too late to pay extra for gas?
“Life is life and fun is fun, but it's all so quiet when the goldfish die.”
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Joined: May 2011
Posts: 56,311 Likes: 9
Campfire Kahuna
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Campfire Kahuna
Joined: May 2011
Posts: 56,311 Likes: 9 |
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...
_______________________________________________________ An 8 dollar driveway boy living in a T-111 shack
LOL
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Joined: Dec 2007
Posts: 25,107
Campfire Ranger
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Campfire Ranger
Joined: Dec 2007
Posts: 25,107 |
That sounds like rape.
I'm staying the fugg outta Portland.
“Life is life and fun is fun, but it's all so quiet when the goldfish die.”
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Joined: Jan 2004
Posts: 4,580
Campfire Tracker
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Campfire Tracker
Joined: Jan 2004
Posts: 4,580 |
Fireball:
Diesel was $2.99 at Fred Meyer today - without the discount.
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Joined: Jul 2001
Posts: 10,888 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2001
Posts: 10,888 Likes: 3 |
I run gas, it was $106.9 CDN per litre at costco
"The 375HH is the greatest level of power you can get for the investment in recoil." (JJHack) 79s and losttrail, biggest waste of air.
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Joined: Nov 2005
Posts: 54,284
Campfire Kahuna
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Campfire Kahuna
Joined: Nov 2005
Posts: 54,284 |
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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Joined: Oct 2005
Posts: 16,000
Campfire Ranger
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Campfire Ranger
Joined: Oct 2005
Posts: 16,000 |
Kent: it's 2.77/gallon at sam's club in gilbert
THE BIRTH PLACE OF GERONIMO
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Joined: Dec 2007
Posts: 11,211
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,211 |
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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Joined: Apr 2004
Posts: 42,818 Likes: 4
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2004
Posts: 42,818 Likes: 4 |
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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Joined: Mar 2004
Posts: 2,454
Campfire Regular
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Campfire Regular
Joined: Mar 2004
Posts: 2,454 |
3.29 onroad, 2.89 offroad
Long Live The Judge
Thinking of moving to Florida? Don't........
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Joined: Jan 2009
Posts: 5,753
Campfire Tracker
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Campfire Tracker
Joined: Jan 2009
Posts: 5,753 |
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.
Life is just one damned thing after another
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Joined: Dec 2007
Posts: 11,211
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,211 |
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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Joined: Dec 2010
Posts: 14,408
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2010
Posts: 14,408 |
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.
My diploma is a DD214
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Joined: Feb 2006
Posts: 43,901 Likes: 11
Campfire 'Bwana
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Campfire 'Bwana
Joined: Feb 2006
Posts: 43,901 Likes: 11 |
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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