DinarThug Posted February 11, 2016 Report Share Posted February 11, 2016 (edited) CNN. Broadcasting From The Gas Station While Filling Up My Clown Motor Scooter For Under A Buck ! $1 Gas Arriving Soon in US Wednesday, 10 Feb 2016 09:19 AM Drivers in Chicago and other parts of the Midwest may see gasoline prices at the pump fall to 99 cents a gallon as regional stockpiles swell. Average Illinois retail gasoline prices have dropped 34 percent in the past year to $1.57 a gallon, while Oklahoma motorists can fill up for a $1.36 a gallon, according to GasBuddy Organization. If gasoline supplies keep growing, 99-cent fuel is not out of the question, said GasBuddy, which tracks prices at filling stations. Midwest gasoline inventories hit a 21-year high during the last week in January, according to government data. Nationwide inventories may have increased as much as 1 million barrels last week, according to the average forecast of seven analysts compiled by Bloomberg. Valero Energy Corp.’s Memphis refinery was said to have recently reduced how much oil it processes as the profit margin from turning crude into gasoline declines, according to two people familiar with operations. The chance for 99-cent fuel is possible during the next few weeks before the summer driving season begins, Michael Green, a spokesman in Washington for AAA, said in a phone interview. “We may have some stations offering gas below $1 per gallon for marketing purposes, but the chances of a station offering under $1 are going to decrease pretty soon.” Swelling inventories have pushed Chicago wholesale prices down 59 percent this year to a 14-year low of 50.5 cents a gallon, according to data compiled by Bloomberg. Midwest refiners that took advantage of cheap crude to churn out more product have seen profits collapse in recent weeks. "We’re getting to the point where supplies will peak in the next couple of weeks," said Phil Flynn, senior market analyst at Price Futures Group in Chicago, by phone. As inventories rise ahead of refineries’ spring maintenance season, more refiners may reduce runs like Valero, he said. “Instead of getting into a situation where they lose money, they’re going to cut back production until supplies get back in line,” said Flynn. “There will be others that follow Valero.” http://www.newsmax.com/Finance/Economy/ ... id/713594/ Edited February 11, 2016 by DinarThug 4 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted February 11, 2016 Report Share Posted February 11, 2016 ***/// WATCH OUT... here come the HUGE ho'bummer GAS TAXES ! You shall not go unpunished as long as he's in office. 4 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted February 11, 2016 Report Share Posted February 11, 2016 Thanks DT....Obummer want to drive the big oil companies to their knee for rufflin' his feathers...but he still has to have their tax money to fuel his machine...Can't wait till I see Obummer...... 2 Quote Link to comment Share on other sites More sharing options...
siberian_shaddow Posted February 11, 2016 Report Share Posted February 11, 2016 Much appreciated Thugs, sounds like a great summer for road trip. 1 Quote Link to comment Share on other sites More sharing options...
janieb1 Posted February 11, 2016 Report Share Posted February 11, 2016 Have great trip this summer. I am an independent consultant in the oil business; I negotiate oil and gas leases and settle surface damager claims with the landowners after a new well is drilled. Last year I was only able to bill for less than one month's work. There are not any new leases being sought by oil companies and certainly no new wells be drilled. 2 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted February 11, 2016 Report Share Posted February 11, 2016 Yota Thanks, DV please mark this as gospel the Oil prices will definitely increase in the not to distant future IMHO. GO RV!! 1 Quote Link to comment Share on other sites More sharing options...
calkid11 Posted February 11, 2016 Report Share Posted February 11, 2016 Thank you Thugs 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted February 11, 2016 Report Share Posted February 11, 2016 It's $1.49 here Thanks Thug 2 Quote Link to comment Share on other sites More sharing options...
ezrapound Posted February 11, 2016 Report Share Posted February 11, 2016 $1.49 in Tucson, Az., also 2 Quote Link to comment Share on other sites More sharing options...
bigwave Posted February 11, 2016 Report Share Posted February 11, 2016 In CA we are at 1.95 - .53¢ goes to our moonbat gov. who want to raise us up even more. 1 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted February 11, 2016 Report Share Posted February 11, 2016 A friend says they saw $1.09 in northern Okla...personally we are seeing $1.19 all over town 2 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted February 11, 2016 Report Share Posted February 11, 2016 $1.39 southern Kansas 1 Quote Link to comment Share on other sites More sharing options...
caz1104 Posted February 11, 2016 Report Share Posted February 11, 2016 Lowest I've seen it is $1.64 here in da ATL 1 Quote Link to comment Share on other sites More sharing options...
jeepguy Posted February 11, 2016 Report Share Posted February 11, 2016 I did hear on the radio that the government is planning on taxing the gas while it is low for the infrastructure of the highways and bridges ! now when gas goes back up too 3.oo per gallan will the planned tax go away ? and will it really go too the roads and highways ? -----> 1.51 in southern Indiana 2 Quote Link to comment Share on other sites More sharing options...
zzztop Posted February 11, 2016 Report Share Posted February 11, 2016 $2.40 here in SoCal 2 Quote Link to comment Share on other sites More sharing options...
WISKY291 Posted February 11, 2016 Report Share Posted February 11, 2016 The cheapest that I have seen is $1.95 for Diesel and $2.39 for regular gas. Southern California. 1 Quote Link to comment Share on other sites More sharing options...
djgabrielie1 Posted February 12, 2016 Report Share Posted February 12, 2016 Gas companies like to go up on the price immediately. But when they have to lower the price, well they sure take there time don't they. That goes for groceries as well. Blame the increase on transportation costs. 1 Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted February 12, 2016 Report Share Posted February 12, 2016 ***/// $ 1.63 in Tampa Bay. 'OlSarge's ClassB only gets 15 mph, we could use the break.... Lowest I've seen it is $1.64 here in da ATL ***/// You'll have to visit us down here in FLA then... Yer gas is cheaper up there.... AND it's all downhill to here ! 2 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted February 12, 2016 Report Share Posted February 12, 2016 oh gosh Caz and the gals in one room....man who is gonna film that for posterity? Quote Link to comment Share on other sites More sharing options...
SgtFuryUSCZ Posted February 12, 2016 Report Share Posted February 12, 2016 oh gosh Caz and the gals in one room....man who is gonna film that for posterity? ***/// There are still Laws on the books in this State about that, SNOWcat ! Quote Link to comment Share on other sites More sharing options...
sandfly Posted February 12, 2016 Report Share Posted February 12, 2016 (edited) CLOWN NEXT WEEK IT SHOULD BE UNDER .89 Edited February 12, 2016 by sandfly 3 Quote Link to comment Share on other sites More sharing options...
captl1 Posted February 12, 2016 Report Share Posted February 12, 2016 1.64 here north of Charlotte North Carolina. 2 Quote Link to comment Share on other sites More sharing options...
Seabee Posted February 12, 2016 Report Share Posted February 12, 2016 Here in central upstate New York, we just hit $1.88 Last Sunday and we are high taxed here. 1 Quote Link to comment Share on other sites More sharing options...
Hotcurl Posted February 12, 2016 Report Share Posted February 12, 2016 I paid $1.78 for Reg, on the card, in Western WA. Monday. We also are a high tax state. The government in Olympia would tax the rain and snow, if they could 1 Quote Link to comment Share on other sites More sharing options...
balkanbob Posted February 12, 2016 Report Share Posted February 12, 2016 When do we make our own stock pile of diesel fuel? I wish I knew. How big of a tank in my truck? Both difficult questions. How low will it go before I buy? 1 Quote Link to comment Share on other sites More sharing options...
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