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Lower Fuel Prices

 
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Old 12-17-2014, 10:06 AM   #21
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Re: Lower Fuel Prices


I don't worry about the global economy... I don't worry about the US economy... I don't worry about my 401k (odds are most of us will die before we get to actually use the thing).... I don't really worry about my current economy in the present or the future.... I just keep my eyes on Christ and hold to Phil 4:19... so fall baby fall... let those prices tank

but then again, maybe I am not the best source to go by, I can't wait to hear the trumpets blare and the skies part *shrugs*
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Old 12-17-2014, 10:44 AM   #22
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Re: Lower Fuel Prices


I hate to agree with the other guy Jaws, but you may be in for a contraction in your area. I've been holding off on buying an excavator, waiting for the oil field equipment to hit the market.
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Old 12-17-2014, 10:50 AM   #23
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Re: Lower Fuel Prices


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Originally Posted by Deckhead View Post
The Ruskies are trying to break the petro dollar (US dollar) and this would destabilize the monetary gains of the Middle East with Brics holding on the cash value and a large energy supply. They cannot compete right now because they are not flush with US dollars and so can't make any money on cheap energy. The Mideast knows it has to keep crude low right now to keep Russia from being their pimp. If the Brics over take the dollar then Russia will be liquid with cash and supply and therefore will drive middle eastern oil up to what they can produce at.

Or something like that.
Seen different angle. Saudi's are playing a 'game'. Trying to create leverage in their neck of the woods. Russia is part of it as they are close allies to Iran and the tribal differences between saudi's and iranians and ISL and all that BS. Hurt the Russians hurt Iran. Very complex set of issues.
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Old 12-17-2014, 10:54 AM   #24
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Re: Lower Fuel Prices


When diesel starts to drop I will be happy, I am paying 1.18/L compared to 93.4/L for gas
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Old 12-17-2014, 11:14 AM   #25
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Re: Lower Fuel Prices


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Hate to say it but I'd be worried if I were in your shoes. It takes a lot longer to mobilize a drill rig than it does to stack it in the yard. Rig counts are falling fast! http://www.wtrg.com/rotaryrigs.html
Im well aware of the drilling and fracing situations.

Got to take the good times with the bad, and the bad with the good. Im just glad ive been smart over the last two years and saved pretty much all I made above my salary. I did buy a lot in November to build a house, but we are going to remodel the one we are in and pay it off in few years. That will add to positive cash flow. I also dont want a higher mortgage now that I have a shop payment and my daughters tuition next year.

We were going to do our final addition to the shop and remodel the house next to it for a more formal office, but we are leaving it in operating capital to stop the overhead from hemorrhaging us if it turns off like a switch. We are doing the addition to the shop, but its just basically materials, my dad, brother and I will do the work, and we already poured the foundation.

In our world especially as contractors, its not what you make its what you keep.

Hope its another banner year, but prepared (hopefully) if it isnt.
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Old 12-17-2014, 11:26 AM   #26
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Re: Lower Fuel Prices


From what I heard, fracking is a big part of the drop but it's not doable below a certain price per barrel and we are near that. So the fracking will level off at some point. So sorry to hear Russia is taking it in the shorts.
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Old 12-17-2014, 12:17 PM   #27
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Re: Lower Fuel Prices


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Huh. I can remember 11/gal. Go ahead, try to make me happy.



Come on now,it is getting pretty deep here.You are either older than dirt or you imagine "remembering" 11 cent gas.

http://www.answers.com/Q/When_did_ga...cents_a_gallon
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Old 12-17-2014, 12:45 PM   #28
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Re: Lower Fuel Prices


According to the WSJ,the falling oil prices are having a negative effect on some foreign economies,which if it continues is projected to have a negative trickle down effect on the U.S economy.


Most economists are viewing the falling prices with trepidation,not glee.
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Old 12-17-2014, 03:58 PM   #29
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Re: Lower Fuel Prices


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Come on now,it is getting pretty deep here.You are either older than dirt or you imagine "remembering" 11 cent gas.
I invented dirt.

No one, absolutely no one has a record of absolutely every gas station's pricing for every single day in the whole time they've existed. Your source is probably good for national averages at best.

I saw that price in Titusville, PA around 1956-7. It was at an intersection with four rival gas stations facing each other, obviously having a price war. The memory stuck mainly because my dad made such a big deal about it--I think he was paying 19-20 around home, 50 miles away.
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Old 12-17-2014, 05:28 PM   #30
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Re: Lower Fuel Prices


It has dropped below $1.99 at a few places not to far from me. With my discount card im gonna be paying less than $1 gallon soon.
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Old 12-17-2014, 06:06 PM   #31
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Re: Lower Fuel Prices


2.39 here but in the getto south of me, it's just above 2.05
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Old 12-18-2014, 01:19 AM   #32
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Re: Lower Fuel Prices


All my work is within 15 miles of home and my other car is a Prius so the price of gas isn't a significant cost to me.
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Old 12-18-2014, 06:56 AM   #33
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Re: Lower Fuel Prices


Never thought about how it would affect the value of the Eco cars. They must be dropping like lead right now in value.
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Old 12-18-2014, 09:57 AM   #34
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Re: Lower Fuel Prices


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It has dropped below $1.99 at a few places not to far from me. With my discount card im gonna be paying less than $1 gallon soon.
Discount card?
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Old 12-18-2014, 05:58 PM   #35
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Re: Lower Fuel Prices


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Seen different angle. Saudi's are playing a 'game'. Trying to create leverage in their neck of the woods. Russia is part of it as they are close allies to Iran and the tribal differences between saudi's and iranians and ISL and all that BS. Hurt the Russians hurt Iran. Very complex set of issues.
Thats my understanding. The Saudi's are trying to pork Russia and Iran.
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Old 12-18-2014, 06:00 PM   #36
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Re: Lower Fuel Prices


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Discount card?

Yeah it's a fuel discount card from grocery store we get food at. I refuel about every 2 weeks and get about $0.80-$1 off every gallon depending on what we buy.
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Old 12-18-2014, 06:39 PM   #37
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Re: Lower Fuel Prices


I was very happy to pay $2.96 for diesel today! It's been a long time for those prices.
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Old 12-18-2014, 06:52 PM   #38
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Re: Lower Fuel Prices


This thread will dry up real fast when we come back to reality. You just know that in the next few weeks, we will wake up one morning to a 40 cent increase, followed by a few more. It always seems to trickle down in price, and then it moves upwards by leaps and bounds.
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Old 12-18-2014, 07:47 PM   #39
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Re: Lower Fuel Prices


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This thread will dry up real fast when we come back to reality. You just know that in the next few weeks, we will wake up one morning to a 40 cent increase, followed by a few more. It always seems to trickle down in price, and then it moves upwards by leaps and bounds.
Killjoy...lol.
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Old 12-18-2014, 07:57 PM   #40
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Re: Lower Fuel Prices


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This thread will dry up real fast when we come back to reality. You just know that in the next few weeks, we will wake up one morning to a 40 cent increase, followed by a few more. It always seems to trickle down in price, and then it moves upwards by leaps and bounds.
Gotta buy bladders for this very reason. I can't afford a silo or I'd have one.

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