Gas in $2 range

[Magnum]

While not good for oil workers, it's great for everyone else.

One of my daughters works for a company that sells supplies to shale oil producers.

http://money.cnn.com/2015/07/28/investing/oil-prices-20-percent-plunge-july/index.html

It looks like China is seeing a slowdown resulting in lower demand for oil.

[Zen]

What's interesting is that last summer, a barrel of oil was priced at over $100,...and, for the five years preceding that oil was at an all-time historical high. The OPEC countries were making huge profits, and, probably thinking about world domination, again.

[Magnum]

You are right.

Oil companies has so much influence and control.

I heard that Shell is layoff a lot of workers along with Haliburton.

Breaks my heart. NOT !!

Gas is running $2.30/gallon in my area.

I would be interested in the price in states other than Texas and other countries.

[sinsi]

One US gallon is 3.78541 litres, we pay $1.49 per litre which makes it $5.64 AUD per gallon, $4.12 USD per gallon.

[Magnum]

Thanks sinsi.

Your price is proabably based on the distance.

Andy

[Zen]

California Gasoline Statistics & Data (Regular: $3.724 per Gallon)

The national average for self-serve regular is at $2.689, down 5.6 cents from the previous week. This is 103.5 cents lower than the price of regular in California.

[Gunther]

You guys, that's a very strange discussion. Do you know the prices in Europe? For example Germany or Italy? You would be frustrated.

Gunther

[Siekmanski]

The highest prices in Europe for regular(95) are in The Netherlands and Norway, € 1.74 per litre.

[Gunther]

Hi Marinus,

The highest prices in Europe for regular(95) are in The Netherlands and Norway, € 1.74 per litre.

but that can change very fast. This shows the experience of the recent decades.

Gunther

[jj2007]

The highest prices in Europe for regular(95) are in The Netherlands and Norway, € 1.74 per litre.

The World market price is the same for everybody, so the difference is due to taxation. Those who have high taxes (Europe) have efficient cars and low consumption, and enjoy a certain independence from the OPEC; those who have low taxes (the U.S.) have inefficient cars and high consumption, and are forced to kiss the a** of Mr Salman.

[TWell]

Gas prices

[Magnum]

As of today, regular gas is at 1.99 per gallon in my area. :-)

[rrr314159]

$2.30+ or so in New England  :(

[Magnum]

That's pretty good. Any refineries in the area ?

[rrr314159]

That's pretty good.

- better than it has been lately, but it was 27 cents in 1970 ... the jump (to much higher prices) happened in 1973, thanks to Kissinger

Any refineries in the area ?

- no, we're pretty much at the mercy of Middle East Arabs, who don't like us much; and Texans, who famously said (in '73) "let 'em freeze to death in the dark" (gotta admit, it's a good line )