Good morning all.
Has anyone noticed the price of gas has gone up almost $.20 cents a gallon in the last couple day?
Cal SST 1177
Just a 1st rd Duck looking for a win!!!

I've noticed that gas prices are where they were 20 years ago. It's a good thing prices are going up. I swore I'd never complain about gas as long as it was under $3/gal. High fuel prices crushed our economy, but low oil prices could be catastrophic in the long term. Besides the threat of China trying to buy up our industries, the artificial government-created demand destruction caused an oversupply to the point where we couldn't even store all of the oil. It costs millions of dollars just to start a well, and if you cut it off, you can't just restart it.

Should U.S. Shale Be Worried About A Chinese Takeover?

Double edged sword for me. I don't like increasing fuel prices but since I own some oil & gas wells I don't like the low prices at the well. I just had 2 new wells come in in the past month so that gas & oil is going some where and that industry in WV is going wide open.

It always goes up for the "Summer blend".

Plus, if the US dollar weakens,that will cause the price to keep rising.

Bend, Oregon today $2.09. So. Cal $2.59

Kilgore, Texas 1.49 gallon for regular unleaded

quote:

Originally posted by 442OLDS:
It always goes up for the "Summer blend".

Plus, if the US dollar weakens,that will cause the price to keep rising.

Thought it went up for the "Winter Blend"
Good thing they give us a break for the Spring and Fall blends

quote:

Originally posted by Michael Beard:
and if you cut it off, you can't just restart it.

What makes you say that?

FAKE news:

https://www.chicagotribune.com...6tfdycqvy-story.html

1.89 here in Indy up 40- 50 cents in about 2 weeks.

Diesel has gone up .25 a gal in the last 10 days here in So Cal.

I`ve noticed in the Denver, Colorado area, some stations have gone up 30 cents or so in the past week or two. Still way lower than usual!

Always goes up for the holiday but has been creeping up here.
D was 2.95.- 2.99-3.05 now.
Wife runs E85 @ 2.55...

Barry,

I guess I better not complain. Diesel went from 2.65 to 2.89.

quote:

Originally posted by CURTIS REED:

quote:

Originally posted by Michael Beard:
and if you cut it off, you can't just restart it.

What makes you say that?

Information provided on a radio program with a someone in the industry. Was probably a statement directed toward a particular type of well. Fracking? It was awhile ago, couldn't remember that detail.

gas and diesel prices have been and continue to go down in NJ.

Here in Florida too. Not a lot, but starting to move up again.

Oil will rise to somewhere above $40 a barrel but only after the last wildcatter or desperate despot pumps its last barrel of unprofitable oil for cash flow now! The chinese in an effort to put pressure on the petro dollar system has turned to Russia for oil, no surprise there both work to undermine the current petro dollar system. The saudi's need $80 a barrel to meet debt obligations. Better to know the devil you've known since 1945, than the devil you don't. The shale industry is done. The last thing the US needs is to lose the Saudi's to china and russian interests. Don't think it couldn't happen.

Paying a little extra at the pump is a way better / safer place to be for the US, playing long.

"The shale industry is done"? I just got papers to sign for another well--thats 3 in the last month. You visit South West PA, Ohio, and Western WV and you will see production is wide open. I don't know or care what they do with it but if it "done" why are they still drilling wells?