So crude oil is below $50 a barrel! What do you think #2 fuel will cost once this works its way through the system?
Started to post this under "Off topic discussion", then I realized this is very much ON topic for the business of trolling!
Oil price
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Re: Oil price
http://www.eia.gov/dnav/pet/hist/LeafHa ... US_DPG&f=W
Currently about $3.05 per gallon average retail price for non-taxed #2 diesel in the United States. The market has yet to find its bottom. Looks like we will end this week at less than $3 for #2. All media is reporting that this will be an enduring crude oil price reduction. OPEC is hellishly bent on making fracking and shale oil recovery uneconomical.
Currently about $3.05 per gallon average retail price for non-taxed #2 diesel in the United States. The market has yet to find its bottom. Looks like we will end this week at less than $3 for #2. All media is reporting that this will be an enduring crude oil price reduction. OPEC is hellishly bent on making fracking and shale oil recovery uneconomical.
Re: Oil price
I would tend to agree with you Boldventure, OPEC doesn't like the competition but watching the price of fuel drop works for me. I hope it lasts.