Gasoline.

[Wasillaguy]

Finally went below $3/gal here. We also have the grocery gas discount that brings it down depending on how much food you bought in the last month. The wife usually uses that discount in her tank though.

[d-ray657]

Our local station discounted gas to $1.75 for Christmas Eve, and with a $0.12 per gallon discount for the car wash, it was $1.63.

Our associate was visiting some family in Midland, Texas. The economy threre is highly dependent on oil. They are looking at a $400K house dropping to half of that.

Regards,

D-Ray

[MrPots]

Originally Posted by donquixote99

$1.60 a gal for my last fill-up. Of course, that was with a $.30/gal discount for buying my groceries at Kroger....

I paid 1.52 a gallon with the same discount. I have enough points left for a $1.32
a gallon fillup next time.

[merrylander]

Originally Posted by Wasillaguy

Finally went below $3/gal here. We also have the grocery gas discount that brings it down depending on how much food you bought in the last month. The wife usually uses that discount in her tank though.

We simply drive both cars to the station.

[whell]

Originally Posted by bobabode

That Texas miracle is going to look like tumbleweeds if the price of oil stays low, I wonder if the Keystone XL will get built.

Doubt that the Bamster will approve it.

[whell]

So, I'm still not clear about something:

In previous threads, you've cheered the high price of gasoline. The logic was the high oil and gas prices would act as a catalyst for the alternative energy industry. However, in this thread, some of those same folks appear to be cheering the impact that the recent drop in gas prices have had on their family's budget.

So, which is more important: the short term impact on your family's cash flow or the long tern goal of moving toward alternative energy?

[Tom Joad]

Originally Posted by whell

However, in this thread, some of those same folks appear to be cheering the impact that the recent drop in gas prices have had on their family's budget.

Try actually reading some of the posts in this thread.

Originally Posted by Tom Joad

I absolutely agree.

We should jack up the gas tax to where it is in western Europe.

That's what I would do if I were dictator.

Jack, jack, jack, jack, jack, jack, jack.

Our gas tax goes nowhere near paying for the negative impacts of the American love affair with Land Yachts.

I'd make these big ass 4X4 pickem up truck and SUV drivers feel some serious pain.

The same goes for Truckers.

It's about time they started paying their own way.

[Boreas]

Originally Posted by whell

So, I'm still not clear about something:

In previous threads, you've cheered the high price of gasoline. The logic was the high oil and gas prices would act as a catalyst for the alternative energy industry. However, in this thread, some of those same folks appear to be cheering the impact that the recent drop in gas prices have had on their family's budget.

So, which is more important: the short term impact on your family's cash flow or the long tern goal of moving toward alternative energy?

Whell, the list of things you're not clear about is endless.

So, whom are you addressing here? Are you speaking to a particular poster or is your "you" a collective reference to all of us starry-eyed tree huggers?

Since your question is totally lacking substance and intended only to provoke (what a surprise!), I won't bother to respond to it but I will say this.

I think lower gas prices are a perfect opportunity to raise taxes on gasoline and diesel (but not home heating oil). The revenue should be earmarked for subsidies to alternative energy research, development and implementation.
Taxes could be raised significantly and the pump price would still be lower than our historic highs.

How's that for a "win-win"?

How's that for provocative?

John

[merrylander]

Of course there is a downside to all this cheap North Dakota oil. It gets shipped by rail to refineries and unfortunately some of that journey is through Canada. Due to an incompetent engine driver one of those trains crashed in Lac Megantic Quebec. It took two days to put out the fire. It destroyed the whole center of the town.

[whell]

Originally Posted by Boreas

Whell, the list of things you're not clear about is endless.

So, whom are you addressing here? Are you speaking to a particular poster or is your "you" a collective reference to all of us starry-eyed tree huggers?

Since your question is totally lacking substance and intended only to provoke (what a surprise!), I won't bother to respond to it but I will say this.

I think lower gas prices are a perfect opportunity to raise taxes on gasoline and diesel (but not home heating oil). The revenue should be earmarked for subsidies to alternative energy research, development and implementation.
Taxes could be raised significantly and the pump price would still be lower than our historic highs.

How's that for a "win-win"?

How's that for provocative?

John

So, just so we're clear: you're looking at a short - term weakness in oil prices, spurred in part by what is likely short term policy making by the Saudis and OPEC, as an opportunity to increase taxes. Since its also quite likely that the Saudis are responding to the US's increased oil production
- since that increased production is threatening the Saudi's and OPEC's market share, wouldn't that tax actually help out the Saudi's and whatever OPEC nations that Saudi's can convince to follow their lead?

And isn't is the least bit interesting to you that the US's surge in oil production has caused such a major movement in world oil market prices?