Fuel Prices.

[2FUNKY]

1.75 in CDA.

[EaglesPDX]

$2.99 for unleaded here in JH. Whatchyou got?

$9.70 per gallon in the US. The $1.3T a year military cost divided by 134 billion gallons of gas a year. Actually just $6.79 a gallon since gas and Diesel account for 75% of US oil use.

Of course adding in pollution costs like the snow killing global warming and $300B per year oil trade deficit and you could legitimately say over $10 a gallon cost for gasoline in the US.

[EaglesPDX]

Your continued "Saudis flooding the market" "Saudis driving down the price" argument kind of falls apart when you realize that Saudi production has been stable while US production has been parabolic, going up 5 (five) million barrels per day. That's ~6% of worldwide demand generated in a short 3 years time. Maybe the fracking industry should work together as an organized production region. Doing so could have prevented this decline. It's a boom bust cycle that the Saudis refuse to subsidize with market share.

Saudis and rest of the world, including your own link, seem to disagree with your view.

Your Bloomberg link says:

Saudi Arabia and its allies are seeking to drive high-cost producers from the market, Hall said in his letter

Forbes says:

Saudi Arabia's $750 Billion Bet Drives Brent Oil Below $54. Brent crude oil falling on Monday below $54 a barrel for the first time in more than five years, it is clear that Saudi Arabia is making a massive $750 billion bet in 2015 that the oil kingdom can endure lower oil prices longer than other major oil producing countries both within and outside OPEC, even including American shale. A flood of new oil from U.S. shale producers and Canadian tar sands companies coupled with softening demand from China may have set the stage, but Saudi Arabia is now firmly driving the process that has seen oil prices plunge in a matter of months.

Both just reporting the reality of current drop in gasoline prices driven by Saudi to kill US oil industry.

[Bromontana]

$1.549/ gal at Costco in Sandy. EaglesPdx is a moran.

[char]

Refinery Strike. Should be interesting.

[crashtestdummy]

$1.549/ gal at Costco in Sandy.

I picked up a tank load of that myself today.

[4matic]

Gasoline is .30c off it's low. Fill up today.

[sb]

still 1.97 around Wangchester

[Brock Landers]

$1.549/ gal at Costco in Sandy. EaglesPdx is a moran.

JHC. You're right

Global demand dropping and us production rising is the cause. Supply and demand. Saudis aren't doing anything to supply except stay the course. They do know this will impact high cost producers, whether it be marginal us shale or other non OPEC but in the end, Saudi isn't in a big oil war vs us

[skifishbum]

smiths w/ some good custie bonus fuel points

holy diggin for my ELO 8 track flashback

[liv2ski]

^^^^Holy SHIT!!!

[LightRanger]

smiths w/ some good custie bonus fuel points

holy diggin for my ELO 8 track flashback

LOLWUT?

That's just comically awesome.

[assman]

up,up & away...

[vt_ski]

smiths w/ some good custie bonus fuel points

holy diggin for my ELO 8 track flashback

Meh, not even 87 octane

[Timberridge]

Meh, not even 87 octane

Water lowers the octane rating.

[liv2ski]

Shit....$2.61 for premium today. Still, that is better than $4 a gallon.

[::: :::]

i paid $1.29/gal last weekend w/ customer points factored in ($1.89/gal reg)

[4matic]

Gasoline up .12c. today. Leading the way higher. .50c off the low. Looks like at least .25c higher from here.

[iceman]

holy diggin for my ELO 8 track flashback

It's probably in there somewhere, keep digging.

[sb]

Creepin up to 2.20

[RShea]

Cheapest I paid was $1.80 a gal, yesterday prices were rising fast and I filled up at $2.10. That station was 10 cents higher today.

[sb]

back up to 2.50

[whyturn]

Really. 3.50 in SoCal so you guys have no complaints

[Tye 1on]

$1.95 in Idaho Falls today.

[My Pet Powder Goat]

$1.95 in Idaho Falls today.

Prices on the rise. Idaho Falls was as low as 1.64 when I drove thru last week. Up almost .50 here in PC over the low a month ago