Gas prices

[Pathi]

I bought gas for 1.39$ a gallon today in Alabama. How long until 1$ again?.

[james.lent]

Would definitely take awhile... been pretty good though with prices going down..

[d-trix]

Would definitely take awhile... been pretty good though with prices going down..

The oversupply of crude oil is very high for the last ten years which means more cheap gasoline coming.

[opmac]

Not sure where everyone lives but where I am at gas prices should be lower yet.
Government taxes the crap out of it so they don't want it to go too low. Considering Exxon made 2.4 billion this past quarter(was reported today) oil companies are still doing just fine.
Just goes to show you how bad we were getting it in the past.

[BADecker]

For Once, Low Oil Prices May Be a Problem for World's Economy

For the last 75 years, almost every economic crisis has been preceded by an oil price spike. The worry now is that low energy prices are pushing the global economy into a tailspin.

While the idea is counter-intuitive, it’s gaining traction because a growing share of the world’s consumers and investors are in the very places getting hammered by the rout in commodities prices. Apple Inc., for example, blamed weaker sales last quarter on lower economic growth in some oil-rich countries.

Read more at http://www.bloomberg.com/news/articles/2016-02-02/for-once-low-oil-prices-may-be-a-problem-for-world-s-economy.

[High Plains Drifter]

$1.69/gallon in Lincoln, NE and falling

[Gleb Gamow]

$1.69/gallon in Lincoln, NE and falling

$1.47 in Sandwich, IL, the other day. I think at Walmart it was 2-3 cents cheaper if purchased with their debut card.

At least food prices haven't fallen as quickly. That's good news. 

[opmac]

$1.69/gallon in Lincoln, NE and falling

$1.47 in Sandwich, IL, the other day. I think at Walmart it was 2-3 cents cheaper if purchased with their debut card.

At least food prices haven't fallen as quickly. That's good news. 

Our food prices are rising here quickly. They want us to eat healthy but are charging a fortune for fruits and veggies atm.
Diary prices are outrageous. Best to try and find farmers outside of the city to buy goods atm. They have not jacked up prices yet

[eddie13]

I sure have been enjoying the low prices lately. I hope the low prices are still here when the snow melts enough for me to take the motorhome to the gas station to top it off..

[Gleb Gamow]

$1.69/gallon in Lincoln, NE and falling

$1.47 in Sandwich, IL, the other day. I think at Walmart it was 2-3 cents cheaper if purchased with their debut card.

At least food prices haven't fallen as quickly. That's good news.  

Our food prices are rising here quickly. They want us to eat healthy but are charging a fortune for fruits and veggies atm.
Diary prices are outrageous. Best to try and find farmers outside of the city to buy goods atm. They have not jacked up prices yet

Eggs were high for a while, but milk's down to $1.49/gal (gas is cheaper). Most everything else is still high because ... wait for it ... the price of gas, so we've been told as to why the increases, but has yet to lower due to gas' low price now.

[Wheelys]

Gas prices are low, but it seems like inflation is high on many other items   Would rather have the reverse.

[arbitrage]

This is just hidden economic war against Russia.
Oil price is deliberately falling down, to destroy Russian export of crude oil..
Russia have great natural resources and this is only game of US oil industry.

[fuathan]

If oil prices are low for a long time than all other products (food, cars, laptops, jeans, whatever you want...) will be cheaper...

High energy prices are not good for consumers like us. Low prices give us time to develop sustainable energy resources like solar and wind systems and so we can get rid of these silly carbon-based energies...  

[Invulner]

In Australia they have been giving away petrol for free

[fuathan]

In Australia they have been giving away petrol for free

Hahaha!. In Canada as well...

[LouisVuitton]

It's a $1.35 for a gallon here, that's a blessing. I remember not long ago it was $4.75 a gallon.

[Vod]

In Edmonton, it went below 50 cents today.  Last time it was this cheap was 1999.   

[kidsolo]

Our prices don't drop as much because price is dependant on Singapore oil price

[Gleb Gamow]

In Edmonton, it went below 50 cents today.  Last time it was this cheap was 1999.    

That's for a liter and in Canadian dollars and ONLY at the Vod's Stop & Go. What kind of shit are you tryin' to pull?

[lottery248]

not sure, i can see around the gas station, HKD$ 2.9 per metric liter.
those gas could help us to generate energy easily, lmao.