Why Has The Cost Of Gasoline Plummeted?

[chuck j]

Hate to see oil prices go down , living in Texas it's not a good deal . The state economy will take a big hit . Do you remember the 80's ?

[Oldgringo]

What/who is KSA?

Kingdom of Saudia Arabia

So, I reckon that's why the current POTUS opposes the Keystone project?

[sjfcontrol]

When I filled up the other day, I got $1.25 off the pump price due to Kroger points and using a Kroger credit card to pay with. I filled up for 58.9¢ per gallon. Spent just under $11.00 to fill my tank.

[rbwhatever1]

I believe we are back to pre crash "federal money printing Keynesian economic manipulation" levels. I also believe that "Quantitative Easing" ended in October of last year and the underlying economy is still crashed. I also believe that without continued monetary misallocation of resource policies of the Feds we will all see the continued economic decline towards sustainability and the real economy will emerge once again. Which will not be very good. QE 4 anyone?

Yes. I'm crazy...

[tomtexan]

That graph is dated to several years in the future.

It should be labeled "Crude Oil Price History and Future"

[The Annoyed Man]

That graph is dated to several years in the future.

It should be labeled "Crude Oil Price History and Future"

The one I'm looking at (2 posts above mine), it terminates at December 2014. Isn't that a month in the past?

[rbwhatever1]

Yeah it's year over year and graph is correct. Typo in heading shows 2104. This one is adjusted for inflation back to 1946..

[Jim Beaux]

With the price of oil down, it won't be long before they start talking about a state income tax again.

And the pirates just recently got their paws on the Texas rainy day fund.

[tomtexan]

That graph is dated to several years in the future.

It should be labeled "Crude Oil Price History and Future"

The one I'm looking at (2 posts above mine), it terminates at December 2014. Isn't that a month in the past?

You might want to take a second look.