It's not even all that low in historical terms, it was just so high for
a while that now it seems very low.
The Saudis are very smart and they are keeping prices low to drive the
high-cost producers (fracking and tar sands) out of business. They are
also concerned about Iran selling oil again.
It's not easy to increase demand for oil. Everyone is not going to
suddenly start to drive big SUVs again, and vehicles are getting better
and better mileage thanks to government requirements for increased fuel
efficiency. At the same time you have climate change greatly reducing
the need for heating oil. You also have increased solar production in
places like California. I live near "Tesla Alley" and these Tesla owners
are installing solar and/or second meters for low-rate off-peak
charging. And all the plug-in hybrids are also using very little
gasoline (even though gasoline is now cheaper than electricity in terms
of cost per mile in many areas). What is driving the sales of these
vehicles is not fuel savings, since the extra purchase cost will never
be recovered in fuel savings, it's access to the HOV lanes as a single
driver, which is a very very big deal.
On Monday, January 4, 2016 at 8:03:13 PM UTC-6, sms wrote:
Not going to happen. :-)
My daughter works for a company that sells chemicals to fracking companies.
They are doing pretty good.
Saudis are keeping prices low because they do not want to lose market share.
They are up to their a** in debt.
Greed has a price and they are paying for it.
"Climate change" is a natural phenomenon. There are some idiots, such as
Democrats, who believe they are going to control the earth's environment
and want to essentially put the rest of us in chains to do so. Kind of
like putting the old Soviet ideal on steroids - the one that the State
would become so powerful it would control the weather itself.
So tell us, if there had been no Republican opposition to climate
hysteria just how much colder do you believe it would be today?
(BTW, I have a bridge in Brookly to sell you.)
Roger Blake (Posts from Google Groups killfiled due to excess spam.)
On Sun, 03 Jan 2016 20:51:49 -0600, "Dean Hoffman"
I remember when gas was 29.9 cents per gallon, and during a "gas war" it
got down to 27.9 cents, and sometimes went up to 34.9 cents, during
which time everyone would panic.
I'm waiting for it to get back to those prices.....
But I wont hold my breath!
$1.50 per gallon is possible though, and considering inflation from the
1960's until now, I'll take a wild guess that $1.50 would be comparable
Then again, in a week, we could be paying $6.50 a gallon due to some
When I was a kid you could get a gallon of gas, or a quart of milk or a
pack of cigarettes for 25 cents.
Look at the relative prices now. Not sure about the price of milk but
offhand think the price of a gallon of gas would get you two quarts of
milk and maybe 8 cigarettes.
Price of a gallon of gas today would get you a pound of cabbage, 3/4 lb.
tomatoes or 2 oz. beef tenderloin.
On Tuesday, January 5, 2016 at 8:01:13 AM UTC-5, Stormin Mormon wrote:
when I was a college student. Of course minimum wage was $1.60 per hour at
the time. So I had to work an hour to buy 7 gallons of gas. So if minimum
wage is $15.00 per hour, one can buy 10 gallons of $1.50 per gallon gas. Th
That shows the main advantage of higher gas prices.
It takes much less time to put $20 worth of gas in
your tank than it used to.
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.