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Discussion Starter · #1 ·
Well I think we are at the bottom and I just filled up for $2.59 gal. I was reading OPEC wants $200 a barrel by end of year which is a whopping 5x increase from where it was at a week ago. So what does everyone think we are looking at? $5 or $6 gal for the first time? Glad I have MPG on my side over the hemi if it hits that...
 

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Overall, its bad - here in TX, many oil drillers are out of work due to the ultra-low oil prices. Those folks that said: "drill baby, drill" really didn't understand how complex our oil prices are. I still have not heard a good reason why unleaded is $1.99, diesel is $2.59 & kerosene is $5.00 per gallon! That seams backwards! Our unleaded ticked up to $1.99 for several days & now it's back down to $1.97. Diesel has come down about 25 cents & that's it!
 

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Overall, its bad - here in TX, many oil drillers are out of work due to the ultra-low oil prices. Those folks that said: "drill baby, drill" really didn't understand how complex our oil prices are. I still have not heard a good reason why unleaded is $1.99, diesel is $2.59 & kerosene is $5.00 per gallon! That seams backwards! Our unleaded ticked up to $1.99 for several days & now it's back down to $1.97. Diesel has come down about 25 cents & that's it!
I think it is partly because gas prices are artificially low. The government subsidizes them quite a bit. I wonder what the true price of gas would be without any market interference.
 
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