I am pretty much without a clue on crude oil pricing but I am pretty good at arithmetic. This looks to me like if you drill up some crude you have to pay somebody $38 per barrel to haul it away.
This is NOT going to be good.
I also read in the newspaper that in several states, including Michigan and Wisconsin, gasoline is selling at some outlets for less than $1 per gallon,
I snuck in a bicycle ride today during a gap in the clouds. It looks really nice in this photo but I arrived home just as the rain began. But as I say, I did arrive home just as that occurred.
Anyway, the price of gas at a station just over a mile from home.
5 comments:
Gas was last that cheap the summer I first became a licensed driver. Wow.
Granted, I haven't bought any gas for at least a month now.
This is not good news for any of us -- I haven't seen anything below $1 a gallon, but then I haven't been near a gas station, either. Which is why this is happening. That's why it's called the law of supply and demand, law being the operative word.
Good timing on the bike ride/rain.
I still have a Twin Cities Gas Prices site bookmarked on my desktop computer.
Costco in Burmsville: 1.09
9 other stations (Costco, Sam's Club, etc.) all south metro: 1.14
A search by zip code shows 1.79 about average for this side of the metro.
Way to go! I loved how you got up the driveway just in the nick of time. Good to see biking blogs in April.
Gas was $1.34 at Family Fare this morning.
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