Domestic oil prices are down .. $45 headed for $40.. May be a serious problem for domestic producers.
Gasoline is $5,00 a gallon in NYC.

Domestic oil prices are down .. $45 headed for $40.. May be a serious problem for domestic producers.
Does that mean you want $3/gallon gasoline?
They did with Bush.
Gas prices up under Bush, he was blamed by the left. Gas prices down under Bush, the claim was Presidents can't affect prices.
Gas prices down under Obama, they hailed him as a genius. Gas prices up under Obama, the claim was Presidents can't affect prices.
No.. It means I don't want to see domestic production go bust, but they are still adding rig count. The ppb needs to be around $60-$65..
Hahaha.. and you listen to nincompoops who say the president controls oil prices... including Trump.
As long as you can pay $3/gallon, huh?
You're stupid.
In the year 1960, the average retail price of gas in the U.S. was $0.31. This is equivalent to $2.60 in 2018 dollars.
Is the gas being sold today exactly like the gas produced in 1960? Is it made using the same technology as 1960? Do we still have leaded gas?
No.. It means I don't want to see domestic production go bust, but they are still adding rig count. The ppb needs to be around $60-$65..
You're stupid.
In the year 1960, the average retail price of gas in the U.S. was $0.31. This is equivalent to $2.60 in 2018 dollars.
Gasoline is still a bargain compared to the price of healthcare, education, housing, automobiles etc.
So are you saying that 1960 prices are the benchmark which we should strive to replicate?
Why is 1960 the magical number? What is so important about 1960 and gasoline prices?