Gas is way cheap right now. I think it is a conspiracy perpetuated by consumers to punish the oil industry. I dont see how they can stay in business when they have to give away gas at these levels.
Where is that stirring the pot dude….maybe this one will work 
, or this 
or this 
Is it cheaper than a bottle of water yet ? 
Returned from northern WI this weekend and gas was 3.98 a gallon. 
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Is it cheaper than a bottle of water yet ?
While this is true.. I’ve never sucked down 2 gallons of water in 30 minutes (twice per weekday) 
Same price it was last year at this time. It spikes so high for a while then creeps down so everyone thinks there getting a deal again…
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Is it cheaper than a bottle of water yet ?
While this is true.. I’ve never sucked down 2 gallons of water in 30 minutes (twice per weekday)
OK… fair enough… is it cheaper than a bottle of beer 
As long as we continue to import all our oil and the value of the dollar continues to be diminished by the printing of so much money by the fed we will see high gas. That will be until at least thru 2015 for now. Can’t blame the gas companies as they don’t print the money. If we had a gov’t who really gave a crap about the people who pays for things all this would not be happening. Unfortunately we have a gov’t full of regulative ideas, gas being one of them, so a lot of things will continue to be very high for the coming years.
Went to LOTW’s this last week.
4 nights (nice accomadations) and fished for 3 days.
$445.00 for lodging including most bait and a meal charged to ticket
$550+ for gas for truck & boat.
At this kind of a “Deal”, I think I’ll go again next week 
I find it hard to complain about the price of gas. Gas makes me money. If I didn’t have gas I wouldn’t be able to get to work. If I didn’t have gas, I wouldn’t be able to ride motorcycle, fish in a boat, go four-wheeling, etc.
I am willing to put up with the price of gas because I decide to cut other expenses.
Cable tv: makes me no money, isn’t really all that “fun” to watch.
Buying a new iPhone every time one comes out: waste of time and money.buying bottled water: tap is water is better for you and a heck of a lot cheaper.
Next time you fill the truck or boat up, think about how much enjoyment that $100 or $120 is going to bring you. A tank of gas will get me to LOTW pulling the boat. A long weekend of fishing will cost me $100 in boat gas.
That’s cheap entertainment if you ask me. I’ve seen people drop $200 on pulltabs and not win anything.
Ok, ok I’m off my soapbox. 
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As long as we continue to import all our oil and the value of the dollar continues to be diminished by the printing of so much money by the fed we will see high gas. That will be until at least thru 2015 for now. Can’t blame the gas companies as they don’t print the money. If we had a gov’t who really gave a crap about the people who pays for things all this would not be happening. Unfortunately we have a gov’t full of regulative ideas, gas being one of them, so a lot of things will continue to be very high for the coming years.
I saw 40% of US oil is imports. In fairness, the number was net of exports (so if we import 60% and export 20%, it nets to 40%).
Either way, it is not nearly “all”.
One report I saw recently put our net imports closer to 20%. No idea which is correct though.
Either way, locally produced oil puts a lot of money in all our pockets. You could call him “father oil”.
There is so much that the oil industry does for our economy, good or bad, that I don’t think most people realize.
I read the comment above that said they don’t print the money. I’d say they are as close as it gets. Good? Bad? Don’t know, but I never imagined that I’d have purchased a new boat and a new truck before I turned 30.
We now export more oil than we import according to an article i read somewhere. By 2015 we will be the second largest producer of crude oil. I don’t understand how other producing countries can afford some of their cheap gas?
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We now export more oil than we import according to an article i read somewhere. By 2015 we will be the second largest producer of crude oil. I don’t understand how other producing countries can afford some of their cheap gas?
Its $.12 in Venezuela. 
If our government got into the oil business and shut out the free market, they would still sell it at market value, unlike those other countries.
Bushes fault?
straight from the US Energy Information Administration….
How much petroleum does the United States import and from where?
The U.S. imported approximately 10.6 million barrels per day of petroleum in 2012 from about 80 countries. We exported 3.2 MMbd of crude oil and petroleum products, resulting in net imports (imports minus exports) equaling 7.4 MMbd. Net imports accounted for 40% of the petroleum consumed in the United States, the lowest annual average since 1991.
“Petroleum” includes crude oil and refined petroleum products like gasoline, and biofuels like ethanol and biodiesel. In 2012, about 80% of gross petroleum imports were crude oil, and about 57% of all crude oil that was processed in U.S. refineries was imported.
The top five source countries of U.S. petroleum imports in 2012 were Canada, Mexico, Saudi Arabia, Venezuela, and Russia. Their respective rankings vary based on gross petroleum imports or net petroleum imports (gross imports minus exports). Net imports from OPEC countries accounted for 55% of U.S. net imports
It cost a lot of money to buy petroleum to refine from other countries. 57% of all petro refined here is imported. Yes Bush did not do us any favors but 3 congressmen, not to long ago, drafted a bill which would have taken petroleum off the free market and it did not go anywhere. So as long as the gov’t continues to print money (or devalue our money) in an attempt to stimulate our economy a lot of imports including petroleum based products will remain high priced.
As for buying a new truck and boat before you are 30….my guess is you either did a great job at saving your money(something our current gov’t knows nothing about) or you are in debt up to your eyeballs 
Hopefully you saved for your purchases 
You guys can’t discuss this…………..it’s political and will get dusted.
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As long as we continue to import all our oil and the value of the dollar continues to be diminished by the printing of so much money by the fed we will see high gas. That will be until at least thru 2015 for now.
The Fed is not “printing so much money”. If it were, we’d have rampant inflation, but as it stands now there is so little inflation that you have to look beyond Core Inflation to be able to measure any at all.
Also, the value of the dollar is currently high, not low. And having a rising dollar value is NOT always a good thing because it makes American goods more expensive which curtails demand.
Sorry to rain on your doom/gloom parade.
Grouse
My dad is working in the oil feilds right now has been for the last 8 years. And neeedless to say hes pretty high up there. The united states has enough oil to make all of our needs and way more. But there are 3 problems. First is its way harder to get to the the sandy stuff. 2nd is all the darn tree huggers and people who wont let them cut down woods in northern MN or do drilling in Alaska. 3rd is they cant get the people out there to do the work. The oil they are drilling right now in ND goes as far west as Idaho As For east as Middle of Minniesta Norh into middle of cananda and south to Montana. More oil in there then there is Sadi Ariba, But way harder to get there
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As for buying a new truck and boat before you are 30….my guess is you either did a great job at saving your money(something our current gov’t knows nothing about) or you are in debt up to your eyeballs Hopefully you saved for your purchases
Wrong and wrong. I wasn’t married before 30! 
Didn’t pay cash for either but I payed off the loans early. The point was that we have a very strong economy largely due to oil production.
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First is its way harder to get to the the sandy stuff.
This is getting easier by the minute. The company I work for is making and engineering new products every day that make fracking possible. We have a ton of business right now. It’s almost laughable.
Kinda funny that 3:00 yesterday morning my wife heard a broadcast on ABC that the reason prices are so high on health insurance isn’t because of the claims and the costs of actually insuraning those policy holders, its was broad cast that after an ABC investigation the reason prices were so high is because of CEO’s and share holders profit margins, Hmmmm kinda funny. Its amazing that we didn’t hear anything about it during regular broadcast times. Think there’s any correlation between the two. Preset profit margins when it comes to oil profits and insurance?
I Know its getting easier. Im just saying its harader to get to then the sandy stuff.
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Kinda funny that 3:00 yesterday morning my wife heard a broadcast on ABC that the reason prices are so high on health insurance isn’t because of the claims and the costs of actually insuraning those policy holders, its was broad cast that after an ABC investigation the reason prices were so high is because of CEO’s and share holders profit margins, Hmmmm kinda funny. Its amazing that we didn’t hear anything about it during regular broadcast times. Think there’s any correlation between the two. Preset profit margins when it comes to oil profits and insurance?
That’s exactly the kind of story ABC would love to broadcast during prime time. My guess they were running it up the flag pole to see if anyone took it seriously.
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And having a rising dollar value is NOT always a good thing because it makes American goods more expensive which curtails demand.
I think you have it backwards. If a product cost $10 yesterday and today a dollar is worth $2 in yesterday’s dollars, the product doesn’t stay at $10. Because the producer can by services and materials with less dollars, the price comes down.
Of course that is a very over simplified way to explain it.
Of course mossy thinks that the extra $5 today will just go to CEOs and shareholders (which most of us are with our 401Ks).
My 401K = CEO $$$ ??? Not hardly
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My 401K = CEO $$$ ??? Not hardly
Not what I said.
CEOs and shareholders (which most of us are with our 401Ks). means what ?
Ignore the CEO part. Our 401Ks are invested in Corporations(along with Government Bonds, Commodities, etc).
Never mind, I was just having fun with Mossy.
Well if the fed is not continuing to print money how is the market flourishing the way it is? How are interest rates staying so low? We don’t have much inflation! REALLY?! You obviously have not went to the grocery store lately! Once the fed stops printing money, and it will happen eventually, the markets will drop like a rock. Right now the only place you can make money is in the market, that is if you have enough to take a risk. We have other countries buying our bonds and assets but everything is okay? We have some of our nations most elite money analysts saying our gov’t (Bernanke) has to start telling the truth about our economy and the problems that are coming when the money stops rolling off the presses. But no one wants to believe it, especially the people who voted for our fearless leader. Right now the US is the only nation with its own currency that can print as much as it wants. Its the number 1 sought after currency. As its value decreases the threat of other countries using the goods and services we import against us is even greater. Right now energy, petroleum, is one of those goods.
Call it gloom and doom if you want. But I will call it the truth which a lot of people will never believe. 
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Ignore the CEO part. Our 401Ks are invested in Corporations(along with Government Bonds, Commodities, etc).
Never mind, I was just having fun with Mossy.
I know… I was just having fun with you
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