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The Water Cooler
General Discussion
Oil prices. What a difference a week can make.
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<blockquote data-quote="HoLeChit" data-source="post: 4178778" data-attributes="member: 35036"><p>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. </p><p></p><p></p><p>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."</p></blockquote><p></p>
[QUOTE="HoLeChit, post: 4178778, member: 35036"] 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." [/QUOTE]
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Oil prices. What a difference a week can make.
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