Back down at least in York.  I paid $2.24 at Sam's Friday--$.11 cheaper than the week before.

2.19 at BJ's - .10 per gallon if use their credit card (deducted at pump) = 2.09/gallon net price. 

Oil up to $55 a barrel.  How soon will we begin to see increases in gas prices?  Watch Rutters signs!

Paid $2.35 for gas at Sam's yesterday which seems to be the going rate around York except for Rutters, of course--$2.49 some stations.

"Some oil rigs in the United States have come back online in response, but it's still not as many as in the past, he said."


Wait a minute . . . I thought we were told by big oil companies (like ExxonMobile -- Rex Tillerson's company) that the U.S. Was going to become energy independent because of all their drilling, onshore and offshore, fracking etc. What happened to that storyline?

What happened was that, when OPEC increased production to drive oil prices down, U.S. drillers shut down their production because their cost of drilling, extracting, transporting, and refining oil products is far more expensive than say Saudi Arabia's cost. As long as supply exceeded demand and the price was kept down, U.S. producers didn't want to continue working to 'make America energy independent' in market conditions that didn't favor them . . . so they shut down. Even with the reversal of OPEC's stance on production numbers -- currently cutting back on production to decrease supply -- even if the demand stays where it is, the price will rise. That's how free markets work -- right, Rex? Anyhow the price hasn't risen to the level desired by U.S. big oil to provide incentive for them to uncap the wells and turn the spigot back on here in the good old USA. You know -- to balance the market supply and demand and provide U.S. consumers with reasonable, steady pricing for their oil products.

So much for energy independence.