Skip to main content

Gas prices for Florence and for truck stops currently from http://www.alabamagasprices.com/

Florence:

Sam's Club: 2.48

Shell: Cox Creek and Florence boulevard: 2.57, Cloverdale 2.56 and Helton, Cox 2.56

Kangaroo: 2.54

Exxon: 2.57

Marathon: All locations 2.53

Q Gas: Florence Boulevard: 2.56, Cloverdale 2.55

Whitten's: 2.58

Mapco/Delta: All locations 2.56, except Cox Creek 2.59

Chevron: All locations 2.57 except Cox/ Helton and Cloverdale 2.56

Pure: 2.56

Sonoco: 2.57

Truck Stop's:

Love's: 2.52

Arnolds: 2.53

Shell: 72 West 2.55, 72 East 2.53 

Fracking, which Obama has delayed caused the prices decrease. Considering that Venezuela's production is dropping because of typical socialist corruption and incompetence, and Iran and Iraq production dropping from political/terrorist problems, the price drop is a phenom.  Mexico is privatizing, so there is more good news. 

Why is anyone bragging that the price is below $3 a gallon? It just means the local, state and federal taxes are getting less and they will be complaining soon that they should raise the taxes on gasoline to offset the loss. But what have they done with the taxes they have already collected since the price has risen so much after 2008?

Originally Posted by Bulldog63:

Why is anyone bragging that the price is below $3 a gallon? It just means the local, state and federal taxes are getting less and they will be complaining soon that they should raise the taxes on gasoline to offset the loss. But what have they done with the taxes they have already collected since the price has risen so much after 2008?

___

Fuel  taxes are not collected as some percentage of fuel sales; they are collected on a per gallon basis.  Thus it does not matter whether the price is $4.00 per gallon or $2.00 per gallon; the tax per gallon stays the same

Originally Posted by Bulldog63:

Why is anyone bragging that the price is below $3 a gallon? It just means the local, state and federal taxes are getting less and they will be complaining soon that they should raise the taxes on gasoline to offset the loss. But what have they done with the taxes they have already collected since the price has risen so much after 2008?

____________________________________________________________

As others have stated, the amount of tax revenues will increase with the lower prices. If you are looking for a negative from the petroleum glut, it would come from rising unemployment in industries associated with drilling new wells. The lessening of drilling would only occur if the oil companies decide the world economy is going to pull a strong vacuum for quite a while.

Originally Posted by Mr. Hooberbloob:
Originally Posted by jtdavis:

Right wing logic:

Obama caused gas to be $3.50, he had nothing to do with it being $2.50. 


Left wing logic:
make gas too expensive to use so we can use really expensive energy sources.

___

Big Oil is working in several states to impede development and use of clean energy sources .

Originally Posted by Contendah:
Originally Posted by Mr. Hooberbloob:
Originally Posted by jtdavis:

Right wing logic:

Obama caused gas to be $3.50, he had nothing to do with it being $2.50. 


Left wing logic:
make gas too expensive to use so we can use really expensive energy sources.

___

Big Oil is working in several states to impede development and use of clean energy sources .


Enviros/libs are working in ALL states to impede development and use of affordable energy sources.

Some of your reasoning is outdated.

 

Fracking is a reason why oil is dropping, but not because of any delay.  If that was so, then oil should have been dropping since 2008 when tight oil production in the US started to increase. And for that matter, Canada and Russia should have also affected the price, but that didn't really affect prices either.

 

Libya is starting to produce oil again, demand in Asia and Europe is slowing, and believe it or not, currently there's more oil being produced than demand requires.   Iran and Iraq's production isn't dropping because of corruption it's dropping because they need oil to stay at a certain price to break even on their goverment spending.  Iran it's around $125 a barrel,  Iraq, $115  Even Saudi Arabia need oil to be around $80 to be profitable, but they have reserves to facilitate what they are trying to do. (More on this later)  The only people still making money right now is the UAE and Qatar.

 

Fracking shale is more expensive than drilling, and currently needs oil to be above $70 a barrel to be profitable.  So let's say that Saudi Arabia has enough reserves to keep oil this low for years. That's going to force a lot of shale producers out of business.   So instead of seeing the US largely becoming energy dependent it will switch back to more OPEC oil, and the other countries that produce will be under so thick of a deficit they won't be able to counter.  It's just dirty business, do whatever it takes to put your competitors out of business.

 

http://www.businessweek.com/ar...th-oil-65-per-barrel

 

http://www.vox.com/2014/11/28/7302827/oil-prices-opec

 

 

Fracking, which Obama has delayed caused the prices decrease. Considering that Venezuela's production is dropping because of typical socialist corruption and incompetence, and Iran and Iraq production dropping from political/terrorist problems, the price drop is a phenom.  Mexico is privatizing, so there is more good news. 

 

Originally Posted by ryokurin 2:

Some of your reasoning is outdated.

 

Fracking is a reason why oil is dropping, but not because of any delay.  If that was so, then oil should have been dropping since 2008 when tight oil production in the US started to increase. And for that matter, Canada and Russia should have also affected the price, but that didn't really affect prices either.

 

Libya is starting to produce oil again, demand in Asia and Europe is slowing, and believe it or not, currently there's more oil being produced than demand requires.   Iran and Iraq's production isn't dropping because of corruption it's dropping because they need oil to stay at a certain price to break even on their goverment spending.  Iran it's around $125 a barrel,  Iraq, $115  Even Saudi Arabia need oil to be around $80 to be profitable, but they have reserves to facilitate what they are trying to do. (More on this later)  The only people still making money right now is the UAE and Qatar.

 

Fracking shale is more expensive than drilling, and currently needs oil to be above $70 a barrel to be profitable.  So let's say that Saudi Arabia has enough reserves to keep oil this low for years. That's going to force a lot of shale producers out of business.   So instead of seeing the US largely becoming energy dependent it will switch back to more OPEC oil, and the other countries that produce will be under so thick of a deficit they won't be able to counter.  It's just dirty business, do whatever it takes to put your competitors out of business.

 

http://www.businessweek.com/ar...th-oil-65-per-barrel

 

http://www.vox.com/2014/11/28/7302827/oil-prices-opec

 

 

Fracking, which Obama has delayed caused the prices decrease. Considering that Venezuela's production is dropping because of typical socialist corruption and incompetence, and Iran and Iraq production dropping from political/terrorist problems, the price drop is a phenom.  Mexico is privatizing, so there is more good news. 

 _____________________________________________________________

Iraq's production is dropping because of ISIS.  Iran is producing for those nations not involved with sanctions. 

 

Originally Posted by direstraits:
 _____________________________________________________________

Iraq's production is dropping because of ISIS.  Iran is producing for those nations not involved with sanctions. 

 

And they still need oil above $90 to make their median budgetary breakeven price.  Read the articles I posted  that's been addressed.   This is about driving shale producers out of business.

Originally Posted by ryokurin 2:
Originally Posted by direstraits:
 _____________________________________________________________

Iraq's production is dropping because of ISIS.  Iran is producing for those nations not involved with sanctions. 

 

And they still need oil above $90 to make their median budgetary breakeven price.  Read the articles I posted  that's been addressed.   This is about driving shale producers out of business.

______________________________________________________________

As a counterpoint:

 

The experts are right—up to a point. That $90 figure applies only to less than 20% of all “tight” oil fields. Says Jim Burkhard, the head of oil market research at IHS, a highly-respected industry research firm: “There’s a spectrum of break-even costs. Wells can perform differently in the same field.” A new study by IHS concludes that about 80% of the tight oil estimated to be pumped next year will still be profitable at between $50 and $69 a barrel.

https://fortune.com/2014/12/02...h-by-low-oil-prices/

Originally Posted by jtdavis:

Why are lower gas prices causing the stock market to go down?

____________________________________________________________

Well, there are more than a few oil companies and quite a few companies profiting from the drilling boom by selling goods and services to the drilling companies. Also it's not just oil, industrial metal prices are dropping as well because the world is heading into recession. Since the foreign units of U.S. companies aren't doing as well, the stock prices are dropping. The stock prices may settle out at a lower level for a while and then rise a little as foreign investors push their money into the U.S. and we get a little economic bump. But then again our economy is a bit weak because many of our jobs have been converted to part time and full time employees' disposable income has been disposed into higher healthcare costs so they can only afford to spend only so much. We may be joining the rest of the world in recession within a year or three.

Add Reply

Post

Untitled Document
×
×
×
×
Link copied to your clipboard.
×