The Core
Why We Are Here => Water Cooler => Topic started by: Mackin USA on March 28, 2020, 08:14:53 AM
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What is the current price of gas in your area.
$1.49 @ Costco in Raleigh, NC
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Yeah, super low, too bad none of us have any place to go.
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$1.79 here
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Regular spot, qt, 1.79. Shell is 1.64 for cash.
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$1.19 in Houston and everybody is sad about it.
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Good time to buy a boat with twin 454s.
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...Or how about one of those $90k pickup trucks? You'll pay for it in gas savings!!
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'Texas Tea'
Oil falls amid Saudi Arabia-Russia price war, coronavirus hits demand
https://www.cnbc.com/2020/03/30/oil-falls-amid-saudi-arabia-russia-price-war-coronavirus-hits-demand.html
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Ooooph!
Some American Oil Is Going for Less Than $10 a Barrel - BNN Bloomberg
https://www.bnnbloomberg.ca/some-american-oil-is-going-for-less-than-10-a-barrel-1.1414723
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No easy fixes to a Texas-sized oil problem - Axios
https://www.axios.com/texas-oil-demand-coronavirus-e8392241-b1c7-45fe-96a8-f3b7f22d2084.html
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Some gas prices drop under a dollar per gallon due to coronavirus
https://nypost.com/2020/04/18/some-gas-prices-drop-under-a-dollar-per-gallon-due-to-coronavirus/
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At my local filling station in Muizenberg Cape Town its dropped by over R2 a liter! It is currently R16.16 which is around .89c a liter...
Just a shame I can't drive anywhere anymore ;D
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Could be in the recession/depression thread too:
Oil Plunges Below Zero for First Time in Unprecedented Wipeout (https://www.bloomberg.com/news/articles/2020-04-19/oil-drops-to-18-year-low-on-global-demand-crunch-storage-woes)
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The town I live has an economy based on oil and agriculture. A lot of people are now out of work around here because the pumps are stopped.
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Heard from Iowa: all the ethanol plants that convert corn to ethanol for gasoline are in deep trouble financially.
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I noticed diesel is about a buck higher than gas. Trucking must be keeping up the demand on that side.