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Re: Price of crude oil dropping / diesel generation? Gas, not gasoline
Author: Commenter
Date: 03-30-2020 - 18:27

US Retail Gas Price is at a current level of 2.103, down from 2.217 last week and down from 2.701 one year ago. This is a change of -5.14% from last week and -22.14% from one year ago.

From: [ycharts.com]

You are talking about natural gas. I am talking about gasoline. As both are produced by drilling into gas and oil deposits by companies in the petroleum business their prices tend to move together. There are exceptional occasions such as the fracking boom, which produced an overabundance of natural gas and drove the price down, but the drillers were mainly after petroleum. And now with the Saudis trying to put the screws to Russia by flooding the market with petroleum, the frackers are in trouble.

We are not disagreeing, just talking about allied changes to the market. One more marked now and one that will be more marked in the future.

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Subject Written By Date/Time (PST)
  Price of crude oil dropping / diesel generation? My thoughts 03-29-2020 - 21:44
  Re: Price of crude oil dropping / diesel generation? FUD 03-29-2020 - 22:14
  Re: Price of crude oil dropping / diesel generation? My thoughts 03-29-2020 - 22:24
  Re: Price of crude oil dropping, yep. Gas too. And, stock n Olive Garden... Less coal trains... And, maybe even less trolls.... BOB2 03-30-2020 - 03:03
  Re: Price of crude oil dropping, yep. Gas too. And, stock n Olive Garden... Less coal trains... And, maybe even less trolls.... Kevin 03-30-2020 - 08:51
  Re: Price of crude oil dropping, yep. Gas too. And, stock n Olive Garden... Less coal trains... And, maybe even less trolls.... George 03-30-2020 - 09:27
  Re: Price of crude oil dropping, yep. Gas too. And, stock n Olive Garden... Less coal trains... And, maybe even less trolls.... BOB2 03-30-2020 - 09:58
  Re: Price of crude oil dropping, yep. Gas too. And, stock n Olive Garden... Less coal trains... And, maybe even less trolls.... Kevin 03-30-2020 - 11:03
  Re: Price of crude oil dropping / diesel generation? Commenter 03-30-2020 - 14:20
  Re: Price of crude oil dropping / diesel generation? Gas, not gasoline BOB2 03-30-2020 - 16:00
  Re: Price of crude oil dropping / diesel generation? Gas, not gasoline Commenter 03-30-2020 - 18:27
  Re: Price of crude oil dropping / diesel generation? BN Oly 03-30-2020 - 18:39
  Re: Price of crude oil dropping / diesel generation? George Andrews 03-30-2020 - 19:14


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