Just filled up about an hour ago..... $1.75 a gallon I haven't seen gas that cheap for 20years or longer!!
Gas Prices?
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The state legislature in VA voted last month to raise our gas tax by 10 cents per gallon, with additional tax increases to compensate for inflation. Of course, the additional tax monies are supposed to go for "transportation" projects, but these are mostly things like bike paths, hiking trails, and other non-road and bridge building efforts.
Kind of like Pennsylvania, where the state government raised the gas tax by 8 cents a gallon, and every bit of it went to welfare recipients in Philly and Pittsburg.Tickets, Please!Comment
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I heard all my life that the U.S. was drowning in oil-that we had bigger reserves than the Saudi's. This was way before the phony oil crisis of the early '70's. Over time much of the easy to extract oil has been pumped and the big reserves are now in shale and off shore. Talk was that this oil could be extracted but would cost more than the general public wanted to pay.
Now that fracking has been developed we are the chief exporter of crude. I wish we weren't. I wish North America would become self sufficient and not export nor import crude. Cost would be more but we would be independent of the world market.Comment
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Bakken crude is below $20 at the wellhead. Whiting was below $.60 a share for a while, it's gone up well over a dollar.... been selling 10 million shares a day, up and down. Someone is making money - they call it "pump and dump."
jnLast edited by jon_norstog; 03-23-2020, 06:49.Comment
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We are independent of the world market in oil. And selling any product overseas helps our balance of trade. It's not smart for government to meddle with the economy.I heard all my life that the U.S. was drowning in oil-that we had bigger reserves than the Saudi's. This was way before the phony oil crisis of the early '70's. Over time much of the easy to extract oil has been pumped and the big reserves are now in shale and off shore. Talk was that this oil could be extracted but would cost more than the general public wanted to pay.
Now that fracking has been developed we are the chief exporter of crude. I wish we weren't. I wish North America would become self sufficient and not export nor import crude. Cost would be more but we would be independent of the world market.Comment


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