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Thread: Gas Prices

  1. #1621
    Insider Frank Capua's Avatar
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    It's still above $2.15 down here in Florida... And why do we have a winter blend? It was 80 today when I did my 17 miles...

    "Ride the Barrel and get pitted... So Pitted."



  2. #1622
    Insider Truth Detector's Avatar
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    Spiked again today.
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  3. #1623
    It was 80 here in Denver too
    Quote Originally Posted by Frank Capua View Post
    It's still above $2.15 down here in Florida... And why do we have a winter blend? It was 80 today when I did my 17 miles...
    "Promote what you love instead of bashing what you hate."

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  4. #1624
    Inside(he)r Ren Butler's Avatar
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    Quote Originally Posted by Truth Detector View Post
    Spiked again today.
    Weird. I didn't get a mobile alert like I usually do.

    And it's a fairly large one too. But I guess it's that time of year.
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  5. #1625
    Inside(he)r Ren Butler's Avatar
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    Quote Originally Posted by Frank Capua View Post
    How much are the Shale Oil producers with production contracts losing per barrell?
    Quote Originally Posted by goner View Post
    I've read they need $100 to make it worthwhile. Will get interesting.
    Quote Originally Posted by Ren Butler View Post
    That's way higher than anything I've heard, although I've heard lots of different numbers all over the board.

    Each shale is its own animal, and just like any other industry, each producer has its own abilities (or inabilities) to control production costs, all of which leads to some of the uncertain numbers.
    After recent shutdowns, some of the most savvy shale producers have found a way to break even with oil under $40/barrel.

    http://oilprice.com/Energy/Energy-Ge...nce-Again.html

    The drilling spirit is indeed back, and the break even prices in the best shale areas are now below $40. According to Bloomberg Intelligence analyst William Foiles, in the Eagle Ford, for example, drillers in LaSalle County break even at $36 oil price, and at $39 per barrel oil in Gonzales County.

    ...

    So, in order for the U.S. shale to start thinking of idling rigs en masse again, oil prices would have to drop and stay at even lower for longer, at below $40. The leaner, meaner and more resilient U.S. shale is basically wiping out OPEC’s efforts to achieve higher oil prices with the output deal. The cartel seems to be caught between a rock and a hard place -- extending and/or deepening cuts and losing precious market share to U.S. shale, or ditching the price-fixing policy and letting the next oil price war begin.

  6. #1626
    Insider Truth Detector's Avatar
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    Just got a spike alert.

    Info from the Gas Game doesn't support it.

    Odd.

  7. #1627
    Insider MoparsRule's Avatar
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    $1.95 on the way into work today and $2.29 at lunch. I told the Mrs to fill up last night but she didn't listen so she stopped on the way home tonight.

  8. #1628
    Insider Truth Detector's Avatar
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    I filled up in Mooresville yesterday for $1.79/gallon. Glad I did.

  9. #1629
    Inside(he)r Ren Butler's Avatar
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    Quote Originally Posted by Truth Detector View Post
    Just got a spike alert.
    Wow, you got it late. Got mine from Gas Buddy at noon.

  10. #1630
    Insider Truth Detector's Avatar
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    They like you better.

  11. #1631
    Insider MoparsRule's Avatar
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    I am shocked that prices spiked on Thursday. SHOCKED I tell you!!!

  12. #1632
    Inside(he)r Ren Butler's Avatar
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    Awesome, another opportunity for annoying data!

    In the past 53 weeks, there have been 35 price spikes in Indy, no more than one per week. Here's the share of spikes by day of the week:

    SUN: 0
    MON: 4
    TUE: 6
    WED: 9
    THU: 11
    FRI: 4
    SAT: 1

    Although Thursday has seen the most spikes, they account for fewer than one third of all spikes. And only 21% of all Thursdays have seen a spike. By a fairly large margin, it's more common for spikes not to occur on a given Thursday.

    May the data bashing proceed.

  13. #1633
    Insider MoparsRule's Avatar
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    prices are more likely to spike on a Thursday than any other day of the week? That is a surprise.

  14. #1634
    Inside(he)r Ren Butler's Avatar
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    You're not really saying that it's a surprise. And neither am I.

    But it's not really quite the "thing" people make it out to be.

    It's really more of a mid-week thing than an expressly Thursday thing.

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