Oil Drops To Lowest Level in 22 Years! 😳
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Paid $1.01 a gallon for ethanol at Costco yesterday filled both trucks up.Home Theater
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Filled the wife’s car on Friday, used our King Soopers points..
I haven't seen that price at the pump since I was 8 years old...The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson -
From one extreme to the other. Back in '08-'09, I filled up my truck for about $140.00 at the height of things. Tank would last me 3 days max. I remember one month, gas was so expensive, I paid more for gas than I did for my mortgage by hundreds of dollars.
Fast forward to today. Cost to fill up is about $54 and the tank will last me most of a week because of working from home more.
Crazy swings.
Tom~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
They are paying people to take oil away so that they don’t have to shut down wells that would be more costly to reopen.
Any idea where they take it or what they do with it? I hope they’re not contaminating “things”AC Regenerator PS Audio PerfectWave Power Plant 10
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Barrel of oil drops below 0.
https://www.theblaze.com/news/oil-prices-drop-below-0-for-the-first-time-in-historyMIT Magnum MH-750, Monster HTS 5100MKII, Sony 77" Class - A80CJ Series - 4K UHD OLED,PS4, Def Tech 15” sub,LSIM 706c, Sunfire Signature Grand 425 x 4,Parasound hca 120, LSiM 702 x 4, Oppo 103D, SDA SRS 1.2, Pioneer Elite SC63 , Pioneer Elite BDP-05 “Why did you get married if you wanted big speakers?” -
This makes zero sense in the short term IMO. You would hope the Saudi Royal family has a plan in the long term.
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Yup! It actually turned negative, down to -$40 at one point.
They are paying people to take oil away so that they don’t have to shut down wells that would be more costly to reopen.
This is only for the May contracts that expire tomorrow. The June contracts are still about $20 (positive 😂).
What??? It cant be that difficult to turn off the supply....righty tighty
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nooshinjohn wrote: »
Yeah but did Larry receive a free glass with that fill up ?Sal Palooza -
mrbigbluelight wrote: »nooshinjohn wrote: »
Yeah but did Larry receive a free glass with that fill up ?
S&H stamps...The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD
“When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson -
Also a toy dinosaur.
Most people just listen to music and watch movies. I EXPERIENCE them. -
nooshinjohn wrote: »mrbigbluelight wrote: »nooshinjohn wrote: »
Yeah but did Larry receive a free glass with that fill up ?
S&H stamps...
Speaking of S&H green stamps, or what ever they were, I loved this movie! Sugarland express.
Goldie loaded up on em. 
Most people just listen to music and watch movies. I EXPERIENCE them. -
Oil up in premarket to $.01 per barrel.
Crazy stuffThe best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
motorhead43026 wrote: »Oil up in premarket to $.01 per barrel.
Crazy stuff
we went past crazy when we started buying our own debt -
motorhead43026 wrote: »Oil up in premarket to $.01 per barrel.
Crazy stuff
we went past crazy when we started buying our own debtmotorhead43026 wrote: »Oil up in premarket to $.01 per barrel.
Crazy stuff
we went past crazy when we started buying our own debt
Amen to that bro.HT SYSTEM-
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^^^^^Yup....Remember, when you're running from something, you're running to something...-me
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nooshinjohn wrote: »
I remember paying 32.9 gal for Super Shell gas for my Z/28 in high school (1968-1969) . With the timing advance I ran on my car it was the only premium gas my motor wouldn't knock on.Yamaha RX-A2070, Musical Fidelity M6si integrated amp, Benchmark Dac1, Bluesound NODE 2i, Audiolab 6000CDT CD Transport, Parasound Zphono USB Phono Preamp, Fluance RT85, Ortofon 2M Bronze, Polk L600's, L400, L900's, RC80i's, SVS 3000 Micro, Audioquest Interconnects and Digital Cables, Nordost Silver Shadow Digital Cable, Cullen Gold and Crossover Series Power Cables, Douglas Connection Alpha 12AWG OCC Speaker Cables, Douglas Connection Alpha Analog Interconnect Cables, Douglas Connection Alpha 11 OCC Custom Power Cable, Signal Power Cable, Furman PL-8C 15 Power Conditioner, Sony 65" 900F, Sony UBP-X700, Fios, Apple TV 4K, Audioquest Chocolate HDMI Cables. -
motorhead43026 wrote: »Oil up in premarket to $.01 per barrel.
Crazy stuff
we went past crazy when we started buying our own debt
The FED Reserve is buying everybody’s debt right now. We don’t buy our own debt, the FED does. We are just on the hook for it to the Central Bank.
But yeah it’s messed up regardless.The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
Some explanation in this article about Oil Filling To CapacityAt the Cushing, Oklahoma, storage facility — a linchpin for delivery for the West Texas intermediate contract — capacity has virtually hit its cap. Reports of the rapidly filling hub had been a key driver of Monday’s oil price breach below zero for the May WTI contract.
“Any holder of a long position going into settlement would then be obligated to take delivery of crude in Cushing during the month of May,” Courvalin said. “This means that an investor long a WTI May contract would be forced to sell out of this position (at any price) before [Tuesday’s] settlement to avoid being stuck having to find room for barrels in the Cushing storage hub which will likely be completely full by then.”
The Cushing facility was about 77% full as of last Friday, and the past two weeks’ worth of builds point to “stock-out by the first week of May,”Post edited by Kex onAlea jacta est! -
Filled up.the tank in our Armada and the cashier cut us a check for 14 bucks. Crazy😂"if it's not fun, it's not worth it & remember folks, "It's All About The Music"!!
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I think for the first time too, the taxes are more than the actual gasoline.
John, out in Cali the gas could be free and you'd still pay 3 bucks a gallon. HT SYSTEM-
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lsi 9's -
Federal and state taxes on gasoline in California are roughly 80¢ per gallon (about 5¢ more than Illinois). Federal taxes are almost 20¢ everywhere. State taxes range from 15¢ to 61¢
Prices here are already under $3 (from the premium brands), and under $2.50 for cash only. It’s even cheaper close to Long Beach (where some of the refineries are).
Fortunately, I normally spend as much on wine in a week as I do on gas in a month!Alea jacta est! -
I think for the first time too, the taxes are more than the actual gasoline.
John, out in Cali the gas could be free and you'd still pay 3 bucks a gallon.
Pretty much where it's at now. -
Federal and state taxes on gasoline in California are roughly 80¢ per gallon (about 5¢ more than Illinois). Federal taxes are almost 20¢ everywhere. State taxes range from 15¢ to 61¢
Prices here are already under $3 (from the premium brands), and under $2.50 for cash only. It’s even cheaper close to Long Beach (where some of the refineries are).
Fortunately, I normally spend as much on wine in a week as I do on gas in a month!
That’s not quite the whole picture - this is from last year, but I doubt the landscape has changed much...
Funny to see people arguing that CA gas prices are good!
https://www.ocregister.com/2019/04/16/californias-gas-taxes-total-nearly-1-per-gallon-and-include-a-28-cent-mystery-surcharge/
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John, out in Cali the gas could be free and you'd still pay 3 bucks a gallon.
Not just California. Oregon and Washington are still really high. Our prices never really go down much but they go up instantly when the market doesGustard X26 Pro DAC
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There is about a 5% genetic difference between apes and men …but that difference is the difference between throwing your own poo when you are annoyed …and Einstein, Shakespeare and Miss January. by Dr. Sardonicus -
I bought gas for my lawn mower last week, and it wasn’t too bad. I don’t even remember what I paid.Lumin X1 file player, Westminster Labs interconnect cable
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Prices pretty low in south OKC. $.92/gal.HT Optoma HD25 LV on 80" DIY Screen, Anthem MRX 300 Receiver, Pioneer Elite BDP 51FD Polk CS350LS, Polk SDA1C, Polk FX300, Polk RT55, Dual EBS Adire Shiva 320watt tuned to 17hz, ICs-DIY Twisted Prs, Speaker-Raymond Cable
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This is the current breakdown of the most recent estimated cost of gasoline available from the California Energy Commission (March 30) at $2.95 retail in California:
- Distribution Costs, Marketing Costs and Profits $1.08
- Crude Oil Costs $0.56
- Refinery Cost and Profit $0.57
- State Underground Storage Tank Fee $0.02
- State and Local Tax $0.065
- State Excise Tax $0.473
- Federal Excise Tax $0.184
- Retail Price $2.95
So the state tax is actually only 18% of the total cost.Alea jacta est! -
So the state of California actually makes more profit from the sale of gas, than the oil companies.HT SYSTEM-
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lsi 9's -
So the state of California actually makes more profit from the sale of gas, than the oil companies.
That would be pretty much the case no matter what state.
The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
motorhead43026 wrote: »
I know, just making a point since the oil companies are always getting a bad rep. My state is no different either.
HT SYSTEM-
Sony 850c 4k
Pioneer elite vhx 21
Sony 4k BRP
SVS SB-2000
Polk Sig. 20's
Polk FX500 surrounds
Cables-
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Acoustic zen Matrix 2 IC's
Wireworld eclipse 7 ic's
Audio metallurgy ga-o digital cable
Kitchen
Sonos zp90
Grant Fidelity tube dac
B&k 1420
lsi 9's
