And we thought cheap oil was forever

[donttread]

$2.20 for 87 last time I filled up (which was a few days ago) which was higher than usual. It had been floating back and forth in the $2.00-$2.10 range until the holidays came and global warming dropped temps to the single digits. That means gas down the road is about $2.80 right now because the neighboring state's higher tax rate keeps it consistently 50 cent more a gallon.

Your state must be exempt from "the highest gas prices since 2014" that Triple A is reporting

[countryboy]

I've always felt that gas prices decreased heavily periodically to discourage alternate energy or methods. Oh course that wouldn't happen in a real free market. But there hasn't been one of those in oil in decades if there ever was one. In the absence of a free market we need consumers with foresight. So therefore we are $#@!ed.

That may very well be why oil prices have been kept down. I personally think it was to decimate our domestic production industry, and it certainly has done that. This has pretty much been perpetrated by the Saudis. At least, that is my understanding.

[Peter1469]

Remember when the gas prices fell a couple of years ago and we all were told that between our own enery production and other reasons oil would stay cheap.? But yet gas prices have been rising for a while and the seasonal price gouging with fuel oil is in full swing. So what happend to the supposed supply and demand economics we were told about a couple of years ago?
Did an oil exec. miss a payment on the million dollar home he keeps for his second mistress or something?

I didn't believe oil and gas prices would stay very low.

Why did you?

[Peter1469]

I've always felt that gas prices decreased heavily periodically to discourage alternate energy or methods. Oh course that wouldn't happen in a real free market. But there hasn't been one of those in oil in decades if there ever was one. In the absence of a free market we need consumers with foresight. So therefore we are $#@!ed.

Prices were forced down to hurt Russia.

[Kacper]

Your state must be exempt from "the highest gas prices since 2014" that Triple A is reporting

or I live in a off the beaten path city where gas is cheaper than other parts of the state

[Tahuyaman]

OK then why are gas and kerosene going up? Who's profiteering where?

Where are they going up?

The oil companies make an average of just a few cents a gallon. The US government is the biggest profiteer from the sale of gasoline.

[Captdon]

OK then why are gas and kerosene going up? Who's profiteering where?

Where? Have your local taxes gone up for them?

[Captdon]

I know what I pay for gas. Maybe Charleston is an exception. Gas is cheap as is. I don't pay 4 bucks a gallon anymore. I don't pay 3 bucks a gallon either. I pay $2.29 a gallon.

[donttread]

I didn't believe oil and gas prices would stay very low.

Why did you?

I never did. But there were those who said that ecconomics dicatated that it was so. In fact I had thought you had agreed with them but apparently not.

[donttread]

I know what I pay for gas. Maybe Charleston is an exception. Gas is cheap as is. I don't pay 4 bucks a gallon anymore. I don't pay 3 bucks a gallon either. I pay $2.29 a gallon.

The point is what were you paying a year ago?