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Back down at least in York. I paid $2.24 at Sam's Friday--$.11 cheaper than the week before.
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$2.23 around Dover & Shiloh. $2.39 @ Rutters along 83.
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2.19 at BJ's - .10 per gallon if use their credit card (deducted at pump) = 2.09/gallon net price.
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Great prices but why do I keep seeing oil prices increasing nearly everyday? The AAA says gas prices should keep dropping. All this information is conflicting.
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Oil up to $55 a barrel. How soon will we begin to see increases in gas prices? Watch Rutters signs!
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flowergirl wrote:
Oil up to $55 a barrel. How soon will we begin to see increases in gas prices? Watch Rutters signs!
With oil prices rising somewhat, it will actually encourage more production here in the US. Many of the oil companies have capped wells waiting for a higher price. The global glut of oil appears it will be around for awhile keeping gas prices "relatively" low for the foreseeable future.
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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.
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Gas prices rising for holiday travel
Traveling for the holidays?You'll be among the 103 million Americans who plan to do so this year, according to AAA. That's the most on record for the year-end holidays.But drivers will be paying more at the pump to go on vacation or to visit family.Drivers in York are paying $2.44 a gallon, up 28 cents from this time last year, according the AAA Gas Prices.
The rise in prices can be attributed to the Organization of the Petroleum Exporting Countries cutting back on production of oil, said Patrick DeHaan, senior petroleum analyst with GasBuddy.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.Rising gas prices at the holidays are not typical, DeHaan said.It's the largest rise in prices nationally during December in six years, according to a news release from GasBuddy.
Last edited by Common Sense (12/23/2016 6:25 am)
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"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.
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Yep. So no matter how much our government and others try to make us believe the U. S. is energy independent it is hogwash and the EXXonMobile and Companies of the world still maintain control of prices we pay here in the U. S.