Russia v Saudi

1.40$ at timnath costco this morning.

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Originally Posted by Eric P

All gas in the denver metro comes from suncor or Sinclair.

Which is top tier?

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https://toptiergas.com/

Consumer are savings lots and lots of money relative to jobs lost. Sucks for people in that industry, but gas price is somewhat also proportional to inflation.

Saudis most likely have lower fixed cost on infrastructure than Russia, and other opec. Different era than back in the 70s where opec tries to cut production to raise price to make more $.

Oil price will bounce back. Also great way to go long on crude LATER ON.

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Originally Posted by Gman

https://toptiergas.com/

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So just marketing hype.

OKC gas is hovering just over a dollar. Diesel is down to about $1.70, too. But who's really driving anywhere?

I took one of my dogs to the vet yesterday. Looked like a normal day in town here. People must not be getting the word about trying to stay home here. Or they don't care. Not sure which.

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Originally Posted by iego

Vs. USA.

Your neighbor just lost his job.

-John

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I think the Sauds and Russkis resent American production.

Did this price war start prior to the acceleration of the virus or concurrent?

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Originally Posted by roberth

I think the Sauds and Russkis resent American production.

Did this price war start prior to the acceleration of the virus or concurrent?

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prior to the public going crazy.

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Originally Posted by Great-Kazoo

prior to the public going crazy.

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So the oil price war is a coincidence. Thank you.

I'm going to save my cheers for cheap gas until I find a job after getting laid off on Friday due to the oil market getting cratered.

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Originally Posted by 00tec

One of my best friends works on a rig.

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I grew up in OK, and worked on a rig in the late 70's. Brutal, nasty job.