Pulaski

Noooooooo!

scrubbedexpat091

It went down today from 1.25 to 1.24.9 so basically the same.

lansbury

Strange at two local stations it went up 2 cents a gallon this morning.

Michael

VIENNA (AP) — Saudi Arabia showed little concern for fellow OPEC members by unilaterally cutting its oil prices to the U.S. this week, a move that casts doubts on the cartel's credibility and its ability to find a common plan to stabilize the slumping energy market. And while OPEC struggles to find consensus, oil prices risk remaining low — or falling further — to the benefit of consumers and businesses in the U.S. and worldwide. OPEC is already riven by differences among its members on what the ideal price level should be. That is exemplified in the rivalry between heavyweights Saudi Arabia, which can withstand lower prices, and Iran, which relies on a stronger market to remain profitable. The Saudis' unexpected move on Monday to cut prices to the U.S., aimed at protecting their market share there, will exacerbate those conflicts — weighing on the market and hurting most other OPEC members economically.

OPEC shaken by Saudi price move

“I think it’s a moral equivalent of war on the U.S. oil producer. That’s exactly what it is, and Saudi Arabia is not trying to hide it,” Phil Flynn, a senior energy analyst at Price Futures Group, said on “Opening Bell with Maria Bartiromo.”

Oil Slump Continues as Saudi Arabia Targets U.S. | Fox Business

andrewlohnes

Lowest I've seen it in Phoenix is $2.71 so far, still a lot better than the UK though!!

Pulaski

The BP which I found a few weeks ago in the next town, is now down to 266.9, when filled up last night, less another 5¢/gal discount.

scrubbedexpat091

After getting down to 1.24.9 per liter and stalling there for a couple weeks, gas has gone back up, sitting at 1.29.9 today, hoping it goes back down.

scrubbedexpat099

Saw $4.50 on Saturday. No buyers.

What has dropped is the temperature. 60f in 12 hours.

Michael

The country’s seven largest shale plays will produce 125,000 more barrels a day in December than in November, the Energy Information Administration said today in its monthly Drilling Productivity Report. The agency is the Energy Department’s statistical arm.

Weak Oil Prices Yet to Slow U.S. Shale Output: EIA Report - Bloomberg

Sheepdip

$2.599 last night.

Sheepdip

and $2.579 this morning....

hungryhorace

Gas? I think you mean 'petrol'.

Jan Alaska

$3.08 here, its rather nice being able to plan a Thanksgiving weekend getaway and know the price of fuel isn't going to cripple us

Pulaski

Nope, definitely "gas", it's right there in the title of the thread.

hungryhorace

How can the price of fuel in the US ever 'cripple' anyone can I ask? Given US prices are always the cheapest in the Western World, as well as cars costing less here, travel by car is exceptionally cheap.