Gas prices

Twister

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Regular just jumped to $5.09 2 miles from me. It's the diesel that is screwed. Ya know diesel is one of the lowest grades made? It is right above kerosene that Rockefeller mad his billions on. See and old Presto kero heater? It's Rockefeller. When his company was broken up, he made 100%+ of his money because he got stock in all the new companies. Need an old car and learn how to make wood fuel. Regular old cars run on it perfect.

Maybe we should go back to peanut oil to run the big rigs. That is what the engine was originally made to burn.
 

Smilingreen

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Parley

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Uh....you haven't exhausted anything. Until you re-open the US pipelines that your boss shut down on his first day in office, Your job performance is totally unacceptable and you are in grave danger of being terminated.....

....and you can add in fracking and drilling permits on federal lands.
 
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^^^ 'Soon' is relative. There was a sign at a local corner that stated 'New gas station/convenience store coming soon!' It was up for 18 months before they even started to clear the land. After 2 1/2 years, they put a Shell store there.

I suspect that the government meant 'as soon as a Republican is in the white house'.
 

rolibr24

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I listen to talk radio on the way to work every morning. Usually when I get in the truck at the bottom of the hour there is a quick Fox News update on the big headlines.

We used to always hear about the price per barrel of oil when gas prices were on the rise. Now they no longer talk about the price per barrel, and changed it to the national gas price average.

Any thoughts on why the narrative changed from stating the price per barrel to now just the price of gas?
 
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Any thoughts on why the narrative changed from stating the price per barrel to now just the price of gas?
Price on a barrel of oil is not something most people can relate to. But they sure can see the result to their wallet on the price of a gallon of gas. Is $40 oil high? $80? $120? But you sure can say that $4.999 gas is high.
 

Parley

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Price on a barrel of oil is not something most people can relate to. But they sure can see the result to their wallet on the price of a gallon of gas. Is $40 oil high? $80? $120? But you sure can say that $4.999 gas is high.
I saw yesterday where the price of a barrel of oil had reached the $122 mark. At this rate even marginal oil fields will probably be put into production.
 
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I saw yesterday where the price of a barrel of oil had reached the $122 mark. At this rate even marginal oil fields will probably be put into production.
I am sure that there are many small operators reworking old shut-ins. But the majors will not be working much of those, especially if the entire field has been abandoned. When a well gets abandoned, there are procedures that are done such as removing the wellhead, pulling production tubing, cutting surface casing and removing it, setting a plug over the producing zone's perforations in the casing, and filling the hole with cement. Then surface facilities are removed and the land is reclaimed. It is made to look like nothing ever was there. Permits are filed with the respective authorities that states the well is abandoned and government procedures were followed.

A well can be 'temporarily abandoned'. Generally the wellhead is not removed, but production casing may have been pulled and a temporary plug, called a packer, is place over the producing interval's perforations in the casing. Specific permits are made to do this work. To reopen the well requires more permits. Right now, if the well is on federal land, can you guess what the answer would be for a request to re-complete a T&A well?

That's probably more than you wanted to know.
 
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bigredfish

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I saw yesterday where the price of a barrel of oil had reached the $122 mark. At this rate even marginal oil fields will probably be put into production.
Yep and the folks betting big $ are saying it will go a lot higher.

BTW I paid $5.55 for premium 93 octane today in Orlando …
 

wittaj

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wittaj

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So my friend bought at EV last year. Only has 1500 miles on it.

A little over two months ago with a full charge he leaves his house and 5 minutes later merges onto the highway and it completely died on him. Wouldn't start.

Had it towed to dealer and he would call for status updates and they could never provide a response.

After 60 days of runaround he hired an attorney and they sent a letter. The day after they received the letter, the dealer replied back they would buy the car back for what he paid for it plus 20%.

What are they hiding?
 

rolibr24

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Price on a barrel of oil is not something most people can relate to. But they sure can see the result to their wallet on the price of a gallon of gas. Is $40 oil high? $80? $120? But you sure can say that $4.999 gas is high.
I fully agree with this, all through the obummer years when we had high prices I always wondered why they didn’t mention the price per gallon instead of the price per barrel.

It just seems strange to me that about a month ago they they switched from giving the update on the price per barrel to the price per gallon.
 
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