mophead

Haven't seen this in a Long Time! Walmart in Dumas Texas.

Sky High

I would guess if gas is going to be that cheap Texas is where it will happen.

Vette_DD

We're working on it - down to $2.05.

BearZ06

It was $1.92 here last week.

Rebel Yell

When I saw the post heading I immediately thought about something else.

This is the first time in several years gas prices has been down for our annual road trip. They usually go up.

AORoads

Yes, despite everything, gasoline prices are approaching 2008 prices. Considering everything, that's quite a reversal.

yellowzron

3.70 for 93 octane in shitcago/crook county

jrose7004

I saw $1.89 in OKC. Not good for our local economy for sure.

R&L's C6

But great for the national economy and most all the rest of us.

airmed2

?

airmed2

Crook is right. I avoid getting fuel in the Chicagoland area at all costs. Glad I don't live there, but when traveling through and around, I get it before or after.

wayback

I hear ya. Not good for us either.

wayback

OK is a large producer of oil and natural gas.
They are doing a lot of horizontal wells in and around Rogers Mill county. Very expensive to drill and usually a quick pay out if the price per barrel is around 90. Hard to make a profit at 40 a barrel, so they aren't drilling.

R&L's C6

Quit your damn crying, we've been taking up the rear door long enough from you oil rich bastards....

airmed2

I realize the lowly employees usually take it in the shorts with things like this, but all those years and years of record profits by the executives doesn't make me feel too bad. You say it's hard to make a profit, but when the Kings are used to eating steak and potatoes, me thinks a profit is still there to be made, but they'd have to lower their definition of a profit to maybe...let's say, chicken and rice.

wayback

No, they just move production to other more profitable areas, usually overseas.

All the big oil companies had moved out of the Permian Basin but had started drilling again. Now they are moving out again, leaving the independent oil companies there.

R&L's C6

On a serious note, how many gallons of gasoline can they get out of a barrel of oil? I was thinking gas should be even lower at the $40 mark.

wayback

That I don't know. Production is down by the coast, not in the desert where I grew up.

I have heard for cast for under 30 a barrel. But gas prices won't reflect that they say.

wayback

not me. I get in with some Dundas producers who want to rework the Wells at 100,000 per well. Oil was 100 a barrel when they started. Final cost was 450,000 per well and oil price were dropping.

airmed2

You've just defined Greed and the corporate American way at its finest.