ChiefsPlanet - Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

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- - Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab (https://chiefsplanet.com/BB/showthread.php?t=161736)

Quote:

Originally Posted by Bacon Cheeseburger (Post 10728662)

Haha well I'm not traveling this weekend so you can go **** yourself Donger.

Why do people always tell me that?

Quote:

Originally Posted by Donger (Post 10732107)

Why do people always tell me that?

Bring back $2/gal gas and I'll stop.

Quote:

Originally Posted by Donger (Post 10732106)

The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said.

U.S. production of crude oil, along with liquids separated from natural gas, surpassed all other countries this year with daily output exceeding 11 million barrels in the first quarter, the bank said in a report today. The country became the world’s largest natural gas producer in 2010. The International Energy Agency said in June that the U.S. was the biggest producer of oil and natural gas liquids.

“The U.S. increase in supply is a very meaningful chunk of oil,” Francisco Blanch, the bank’s head of commodities research, said by phone from New York. “The shale boom is playing a key role in the U.S. recovery. If the U.S. didn’t have this energy supply, prices at the pump would be completely unaffordable.”

Oil extraction is soaring at shale formations in Texas and North Dakota as companies split rocks using high-pressure liquid, a process known as hydraulic fracturing, or fracking. The surge in supply combined with restrictions on exporting crude is curbing the price of West Texas Intermediate, America’s oil benchmark. The U.S., the world’s largest oil consumer, still imported an average of 7.5 million barrels a day of crude in April, according to the Department of Energy’s statistical arm.

I sometimes wonder if the EPA under this administration will put regulations on the shale oil producers. I wouldn't put it past them.

Here in my town its at 3.99.

Quote:

Originally Posted by Donger (Post 10732107)

Why do people always tell me that?

Because you control all the oil prices and stuff...duh!

Quote:

Originally Posted by Bacon Cheeseburger (Post 10732224)

Bring back $2/gal gas and I'll stop.

I'm afraid barring another global recession/depression, that isn't going to happen.

Paid $4.23 yesterday, and wasnt happy about it.

here we go again...

The national retail average is $3.65, by the way, which it's been for about a month.

Gasoline we cant quit you!!!

'Murica!

Crude is approaching the $100 mark. I think it's pretty likely it will cross it, barring a few things.

People are being dragged kicking and screaming into altering their lifestyles to save fuel or getting more fuel efficient vehicles.

I saw 3.19 in Mississippi a few days ago.

Quote:

Originally Posted by BigMeatballDave (Post 10746048)

I saw 3.19 in Mississippi a few days ago.

Must not use the special "summer blend" down there.

Quote:

Originally Posted by Cannibal (Post 10748823)

http://www.theverge.com/2014/7/15/59...-named-model-3

Tesla announce mass production of smaller electric car for around 35k.