The Core

Why We Are Here => Economics & Investing => Topic started by: rcjordan on December 21, 2014, 12:19:01 AM

Title: Gasoline was $2.06 in Virginia today.
Post by: rcjordan on December 21, 2014, 12:19:01 AM

Putin is crying, Travoli. 

(460 from Waverly to Zuni, Trav.)

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: Rumbas on December 21, 2014, 12:32:45 PM

We had DKK 9,46/L yesterday for 95 unleaded. Lowest in a loooong time.

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: rcjordan on December 21, 2014, 01:33:42 PM

If I did the math right, $2.06/gal = .71eu/L

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: rcjordan on December 21, 2014, 01:43:33 PM

<added>

I need gasoline to drop to 50cents/gal

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: Rumbas on December 21, 2014, 03:35:19 PM

Did the math:

9,46 DKK = 1,55 USD
1 gallon  = 3,785 L

1 gallon gas in Denmark:
DKK 35 ~ USD 5,76

1 gallon gas in the US:
DKK 12,52 ~ USD 2,06

At 50cents/gal I'd be drinking it straight from the pump.

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: rcjordan on December 21, 2014, 10:50:58 PM

> drinking it straight from the pump

You have been to the states quite a few times. Acquired our tastes.

In the US, that's called neat. 

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: Travoli on December 22, 2014, 12:29:01 AM

>Putin is crying

I heard a "wounded bear" comparison on NPR.
Which might prove unpredictable.

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: rcjordan on December 22, 2014, 01:03:55 AM

http://www.businessweek.com/articles/2014-10-13/oil-prices-are-hurting-russias-economy

45% of national budget comes from oil

2015 budget based on $100/barrel

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: littleman on December 22, 2014, 03:44:32 AM

>Putin

I'm pretty sure oil falling so hard is a direct message to him.  Yeah we have the shale oil boom, but Saudi Arabia could scale back to keep the cost up and they aren't.

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: rcjordan on December 22, 2014, 01:05:04 PM

Yeah, call it 'marketplace sanctions.'  Win-win for Obama; US economy goes hockey-stick up and Putin's goes hockey-stick-down.

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: littleman on December 26, 2014, 07:07:12 PM

We some kind of record for gas prices falling for 92+ days straight.  Apparently we're going to see another $0.10 drop and then it will level off.

Title: The DARK side.
Post by: Mackin USA on December 27, 2014, 01:42:24 PM

http://www.weather.com/news/news/north-dakota-oil-by-rail-investigation

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: ergophobe on December 28, 2014, 02:32:32 AM

Those prices are probably for 87 unleaded. I don't know if you can even find 95 at a regular station anymore. At least near me the highest you can get is 93. But still, it's probably aroun $2.50/gal for 95

In my neck of the woods we're still well over $3.00/gal, but my neck of the woods is fairly far out into the woods. I was in the city on my way home from Christmas travels and bought 87 unleaded at something like $2.49/gal.

Title: Re: The DARK side.
Post by: littleman on December 28, 2014, 09:37:22 AM

Quote from: Mackin USA on December 27, 2014, 01:42:24 PM

http://www.weather.com/news/news/north-dakota-oil-by-rail-investigation

Scary stuff.

Ergophobe, just curious, what do you have that you need 95 octane?

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: Mackin USA on December 28, 2014, 03:09:30 PM

YAAAAAAAAA what do you have that you need 95 octane?

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: ergophobe on December 29, 2014, 05:10:21 AM

I don't have anything - it was in response to Rumbas comment

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: littleman on December 29, 2014, 04:09:08 PM

I'm a bit of a gearhead, so you peaked my interest.  Local price yesterday was $2.36 at the discount stations.

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: Rumbas on December 29, 2014, 04:26:33 PM

Interesting with the octane comments. We only have diesel, 92, 95 and 98. Didn't even know 87 existed?

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: littleman on December 29, 2014, 04:45:55 PM

It looks like we use a different measure over here (US & Canada):
http://en.wikipedia.org/wiki/Octane_rating#Difference_between_RON.2C_MON.2C_and_AKI

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: ergophobe on December 29, 2014, 05:18:07 PM

Looks like 95 in Europe would be like 90-91 in North America.

Title: Re: Gasoline was $2.06 in Virginia today.
Post by: werty on January 02, 2015, 04:42:01 PM

I went on a road trip last month, and saw it at 1.96$ in Mississippi. Up here in the Chicago burbs at Costco it was 1.99! Which is unheard of for up here. Under 3$ was unheard of for the last few years.

I read it should keep going down.