I bought $1.89 gas today in Dallas. Never thought I would see it that low again.
I know what you mean, yesterday I used some fuel points I had accrued at a Kroger fueling station, about .40 cents a dollar and filled up my tank.
I am so accustom to watching the dollar amount on the pump, that when it stopped at about $25 dollars I thought I had to restart the pump, but the tank was full, what with the low gas prices and my fuel points.
Gas prices are as high as they have ever been here in Brazil. :( It's almost that per liter.
$1.96 a litre here today.
Back in the days of yore, I mean the really old days, I bought gasoline for 19 cents per gallon.........You gotta be real old to remember those prices. Of course wages for non skilled jobs were about 40 cents per hour at the time.
My current local gasoline petrol price is about $2.45. I am pleased with the relatively low price because my damned Honda Element is a gas hog.
Petrol peaked here at about ?1.39 per litre, it's now ?1.12 that's a shade under 20% down. As a result UK inflation dropped to 1%.
$1.64 per litre here in Bayern.
$2.59 here. We're usually on the high side of the curve. Over the past few years it's spiked as high as $4.29.
I'm sure everyone understands this, but the Americans are talking about prices per gallon (3.78541 liters). So, the $1.89 gasoline that I purchased yesterday was only 50 cents per liter.
Quote from: Ecurb Noselrub on December 21, 2014, 10:41:25 PM
I'm sure everyone understands this, but the Americans are talking about prices per gallon (3.78541 liters). So, the $1.89 gasoline that I purchased yesterday was only 50 cents per liter.
Well, you see many people specify the quantity, but yes, I assume most of us Europeans here understood that.
Average price per gallon here in the Detroit area is $2.20.
Quote from: Ecurb Noselrub on December 21, 2014, 10:41:25 PM
I'm sure everyone understands this, but the Americans are talking about prices per gallon (3.78541 liters). So, the $1.89 gasoline that I purchased yesterday was only 50 cents per liter.
The last time we paid that price was in 1970.
Why so cheap?
The USA produces oil itself and is full of refineries, so production/transporation costs are not as large. This is especially true in oil producing/refining states such as Texas. Prices worldwide are falling because Saudi Arabia keeps pumping out petroleum, trying to drive smaller USA producers bankrupt.
The Saudis are also driving the Russians and the Iranians into real fiscal trouble. It's working. Near defunct Venezuela has been damaged severely, partly because of their own greed and stupidity but the Saudis executed the coup de gras. The winners in Russia are the makers of Kia autos and LG home appliances. (the South Koreans are looking good.) Our own embargos are not helping the Russians either. Take that Vladimir!
Since 9/11 most of us have observed that if one wants to make a subtle but debilitating war, then attack the economy. Operatives such as Al Queda did not just wreck two of our large buildings, they started the US on a wild defensive and offensive spending spree which our economy can not support indefinitely. Which makes me think of the street placards held up by kooks. The placards say; Repent sinners, the end is nigh. ::)
Quote from: Icarus on December 22, 2014, 10:48:13 PM
The Saudis are also driving the Russians and the Iranians into real fiscal trouble. It's working. Near defunct Venezuela has been damaged severely, partly because of their own greed and stupidity but the Saudis executed the coup de gras. The winners in Russia are the makers of Kia autos and LG home appliances. (the South Koreans are looking good.) Our own embargos are not helping the Russians either. Take that Vladimir!
Since 9/11 most of us have observed that if one wants to make a subtle but debilitating war, then attack the economy. Operatives such as Al Queda did not just wreck two of our large buildings, they started the US on a wild defensive and offensive spending spree which our economy can not support indefinitely. Which makes me think of the street placards held up by kooks. The placards say; Repent sinners, the end is nigh. ::)
Let them. If the US are wise they will reserve their stocks and allow the Saudis to pump it out, whilst disrupting any chance of them forming an economy that is independent of the resource. The resource will run out and when it does the reserves in the US will be worth a crazy money.
I think you are correct in the second paragraph as the US has this strange apocalyptic fixation of disrepair unlike any other country I know and 9/11 seemed to feed into that. The best response would have been treating the next day like any other day and focus on those that had lost their lives, the reaction that happened was exactly what the perpetrators wanted.
Quote from: Crow on December 25, 2014, 06:18:11 PM
Quote from: Icarus on December 22, 2014, 10:48:13 PM
The Saudis are also driving the Russians and the Iranians into real fiscal trouble. It's working. Near defunct Venezuela has been damaged severely, partly because of their own greed and stupidity but the Saudis executed the coup de gras. The winners in Russia are the makers of Kia autos and LG home appliances. (the South Koreans are looking good.) Our own embargos are not helping the Russians either. Take that Vladimir!
Since 9/11 most of us have observed that if one wants to make a subtle but debilitating war, then attack the economy. Operatives such as Al Queda did not just wreck two of our large buildings, they started the US on a wild defensive and offensive spending spree which our economy can not support indefinitely. Which makes me think of the street placards held up by kooks. The placards say; Repent sinners, the end is nigh. ::)
Let them. If the US are wise they will reserve their stocks and allow the Saudis to pump it out, whilst disrupting any chance of them forming an economy that is independent of the resource. The resource will run out and when it does the reserves in the US will be worth a crazy money.
We can't. Our consumption is far greater than we are capable of producing. The easy oil that was found in Texas has run out forcing into more expensive production methods already, and finding new fields isn't going to get any easier. What we need to do, and not just us, is make a serious effort at finding alternative sources of energy. Once the economically viable oil is gone it's very likely that any stockpiles will become practically worthless - once you factor in production and long term storage costs - as former consumers of oil will be pouring resources into alternatives.