Oil price

Once and Future

2015-01-15 23:50:47

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!

BoldVenture

2015-01-16 00:06:33

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMD_EPD2D_PTE_NUS_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. :twisted:

Trnaround

2015-01-16 01:14:46

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.