Oil prices. What a difference a week can make.

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TANSTAAFL

Sharpshooter
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I don't see why there is so much fuss about oil prices at the end of the day. Yeah, it seems like it hurts the ol pocket book, but does it really? In a state where we are extremely dependent on the oilfield, high oil prices may bump the budget, but those higher prices keep a large part of our economy afloat and families fed. At the end of the day, a healthy economy means all of us are doing better, regardless of what job we have. Low oil prices are nice too, but that typically comes at the cost of jobs and tax revenue in our state.


At the end of the day, consumer ready pump gas is cheaper gallon for gallon than bottled water, drip coffee at the gas station, Dr. Pepper, or cooking oil. Gas pump prices going up $1.00 for an entire year still only costs your average American household an extra $489 dollars per year, per car. This is considering that the API reports consumption at "489 gallons/year per registered vehicle: On average, there are 275.9 million registered vehicles in the United States and in 2021, 8.79 million barrels per day of gasoline was sold."
Although gas is cheaper than Soda per gallon I use much more gasoline than Dr. Pepper, I'd have diabetes if I drank as much soda as my car uses gas. Not saying your wrong, just saying Soda is not analogous to gas.
 

OHJEEZE

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Although gas is cheaper than Soda per gallon I use much more gasoline than Dr. Pepper, I'd have diabetes if I drank as much soda as my car uses gas. Not saying your wrong, just saying Soda is not analogous to gas.
Exactly!

I am willing to waste some gas / diesel on joy rides @ $2 / gallon, but @ $4 / gallon my purse strings draw tite.

Not everyone is programed my way, but my extra curricular activities go down when fuel prices go up.

So while fuel goes up I spend less on other stuff as well!

Kinda like this gunpowder / primers deal..... I am not buying powder at current highway robbery prices!
 

Parks 788

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Well, we have several oil and gas contractors tell us that 2024 is suppose to be really busy in SE OK with more drill sites starting. Something our business benefits from greatly, THese lower gas prices can't be good for that outlook.
 

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