Will The Price Of Gasoline Drop Below $3.00?

[Youngstownshrimp]

Fracking shale results in a very rapid decline curve in production hence continuance of drilling until declines get the O &G companies to the production level targeted including the decline.  OPEC was too dumb to do the math and believed it's strategy the right course.  All OPEC is doing is putting the breaks on Russia and other conventional drillers collapsing their economies.  The US shale drillers will experience rapid production declines effecting the soon to come spiking of oil prices back up to over $100 per barrel.  Some experts believe even $200 a barrel.  Hold onto your seats, shortly gasoline will spike the other way.  Fracking is a new type of production in the world and will resume ......the world simply sucks up too much oil.

[Towntalk]

You forget that we do not have a Rockafeller with us today, and the two major oil powers are OPEC and thr Russian (Communist) Federation and they ultamately determine prices.

[iwasthere]

i doubt it. the gas and oil companies do not care about the the dead king's arse and his family. IT IS ALL ABOUT DRILL BABY DRILL.

[Towntalk]

With the death of the King of Saudi Arabia, look for gas prices to go up to over $2.00 a gallon inthe days to come.

[jay]

$1.80 on Mahoning Avenue today

[iwasthere]

We should be taking the fullest possible advantage of this oil and gas boom to export as much
as we can, thereby reducing our trade deficit with countries like our biggest creditor ie: China.
The rock bottom gas prices are helping businesses and families all over the U.S, so that is a
blessing in and of itself.

I agree that the surplus can be a double edged sword - but we gotta make the most of the
up-side while we can.

strike it when it is hot

[jay]

It is back down to $1.85 on Mahoning Avenue today.

[Towntalk]

My friend stopped at the GetGo on Belmont Avenue to gas up. Gas there is $1.89 a gallon, and he had $1.00 in Fuel Perks so he was able to gas up for .89 cents a gallon. Needless to say that he filled up his car.

[Towntalk]

  HaaaaaaaaaaaaaaaaaaaaaHooooooooooooooooooooooooooooooo. Here on East Midlothian it's between $1.88 and $1.89 a gallon. 

[jay]

Yikes!!!!

Gasoline jumped to $2.09 on Mahoning Avenue this afternoon.

[jay]

reducing our trade deficit with countries like our biggest creditor ie: China

or we could try to avoid purchasing foreign made items

[AllanY2525]

We should be taking the fullest possible advantage of this oil and gas boom to export as much
as we can, thereby reducing our trade deficit with countries like our biggest creditor ie: China.
The rock bottom gas prices are helping businesses and families all over the U.S, so that is a
blessing in and of itself.

I agree that the surplus can be a double edged sword - but we gotta make the most of the
up-side while we can.

[jay]

$1.77 today on Mahoning

[Youngstownshrimp]

Thank God we here in eastern Ohio have "wet gas." LPG'S. And not crude or NG.

[iwasthere]

fracking has a two double edge sword. more gas and oil on the market thus lower gas prices for usa residents. the flip side, steel mills that make pipe for the fracking industry are laying off workers due to gas and oil deposits are flooding the market thus a lower profit margin  for the gas and oil companies that drill for gas and oil   these companies are cutting back on their exploration for gas and oil in which these companies do not need to order pipe from the steel mills thus causing layoffs in the steel mills.