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Two stations in town were having gas wars today

$1.54 and falling here in southern VA. I wouldn't mind it stabilizing around $1.25 for the next 10 years or so. 🙂
 
Originally posted by: mxrider
Originally posted by: Ocguy31
Originally posted by: JohnCU
paging dave mcowen

Hey, it was predicted. He just misplaced the decimal.

those damn mundane details

Posted yesterday by Dave in P&N

Originally posted by: dmcowen674
Originally posted by: miniMUNCH
I worked in the oil industry for a while...

After oil prices of the past 3-5 years and the tremendous profits hauled in, all US oil companies have plenty of cash reserves to whether out multiple years of low crude oil prices.

E.g. Exxon has pulled in record profits the past 2-3 years... they are sitting on a hoard of cash right now. Now they might have to dip into that a bit.

This is not a long term problem... it is simply the nature of the business... oil prices vary a lot on supply and demand.

Yep

They'll ride it out just fine till they shoot it back up, this time towards $200 and $10 gallon.

The forum's idiot is still predicting this and is now saying that the oil price varies due to supply and demand when he's been saying that it's 110% greed(yet won't explain why the price has dropped so much).
 
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