I've found the cheapest gas in the US

KingOfJericho · 12-02-2014, 12:34 PM

Quote:

Originally Posted by fecurtis

The price cut is mainly due to Saudi Arabia cutting their prices. They'd rather maintain/grow market share than increase their margins.

The low prices aren't very good for shale oil regions in the US. They're no longer profitable at the current price point.

Bingo. They're cutting prices to crush the competition from shale, many of whom will fold with prices below $80 for a sustained period.

That being said, I paid $3.49 for 93 at the cheapest place in town last Friday...

ShocknAwe · 12-02-2014, 01:38 PM

Well, part of it is that oil is priced in USD, the dollar is/was on a strengthening trend, and oil companies are cutting prices to try to get foreign economies to buy up/compete with shale, but the result is that it is cheaper for USA.

KingOfJericho · 12-02-2014, 02:21 PM

Good article on the subject:

http://money.cnn.com/2014/12/02/inve...html?hpt=hp_t2

ridin135 · 12-02-2014, 02:36 PM

So far down near my house is 2.63 for 93

MYovichZ4 · 12-02-2014, 03:20 PM

http://www.eia.gov/petroleum/gasdiesel/

Since last year, almost a $0.50 drop across the US, with the Gulf Coast still having the lowest average prices at ~$2.50/gal for regular.

GhazaliGTE · 12-03-2014, 06:15 AM

Quote:

Originally Posted by fecurtis

The price cut is mainly due to Saudi Arabia cutting their prices. They'd rather maintain/grow market share than increase their margins.

The low prices aren't very good for shale oil regions in the US. They're no longer profitable at the current price point.

What he said! It seems that Saudi is trying to choke out its competition.

F1Venom · 12-03-2014, 01:31 PM

Just saw 87 octane for $2.19. Wow.

F1Venom · 12-25-2014, 05:01 PM

Just saw 87 octane for $1.83. Filled up 93 octane for $2.13.

Back in a Subie · 12-25-2014, 06:23 PM

Just got 93 for $2.28 at speedway in Michigan. (Super low for here, we are usually above the national average because of being a peninsula and all)

Vigilante375 · 12-25-2014, 06:50 PM

Getting closer to what it was back in the 90s. Thats awesome!

Mak135i · 12-25-2014, 07:37 PM

$1.95 for premium at COSTCO in Baton Rouge. I can't even remember when it was last at that price

DSB335d · 12-26-2014, 08:15 AM

This was in Louisville, KY on December 17.
A friend posted this on his facebook page.

Pics didn't load... Wtf.

Anyway regular was $.99 !!

Vigilante375 · 12-26-2014, 11:04 AM

I bet the economy is doing very well now with all the gas prices being dropped. Less money spent on fuel means more money for the consumer and less money spent for products for a business.

12-02-2014, 01:38 PM	#24
ShocknAwe 1Addict 3451 Rep 8,073 Posts Drives: E82 Mutt, M57 Truck Join Date: Jul 2012 Location: Charleston iTrader: (22)	Well, part of it is that oil is priced in USD, the dollar is/was on a strengthening trend, and oil companies are cutting prices to try to get foreign economies to buy up/compete with shale, but the result is that it is cheaper for USA. __________________ Daily: E82 Mutt Hauler: M57 Truck Looking for: 997/991
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12-02-2014, 02:21 PM	#25
KingOfJericho Major General 2458 Rep 7,341 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	Good article on the subject: http://money.cnn.com/2014/12/02/inve...html?hpt=hp_t2 __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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12-02-2014, 02:36 PM	#26
ridin135 Colonel 134 Rep 2,407 Posts Drives: Depends on the day Join Date: Dec 2008 Location: Greenville iTrader: (7)	So far down near my house is 2.63 for 93
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12-02-2014, 03:20 PM	#27
MYovichZ4 Private First Class 125 Rep 178 Posts Drives: 2007 Z4 3.0i Roadster Join Date: Jul 2014 Location: Western Burbs of Chicago iTrader: (0) Garage List 2007 BMW Z4 3.0i [0.00] 2011 Cadillac CTS C ... [0.00]	http://www.eia.gov/petroleum/gasdiesel/ Since last year, almost a $0.50 drop across the US, with the Gulf Coast still having the lowest average prices at ~$2.50/gal for regular. __________________ 2007 BMW Z4 3.0i Roadster / Silver Grey BMW CCA 492691
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12-03-2014, 01:31 PM	#29
F1Venom Banned 76 Rep 961 Posts Drives: ZCP E90 M3 Join Date: Apr 2013 Location: USA iTrader: (0)	Just saw 87 octane for $2.19. Wow.
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12-25-2014, 05:01 PM	#30
F1Venom Banned 76 Rep 961 Posts Drives: ZCP E90 M3 Join Date: Apr 2013 Location: USA iTrader: (0)	Just saw 87 octane for $1.83. Filled up 93 octane for $2.13.
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12-25-2014, 06:23 PM	#31
Back in a Subie Captain 82 Rep 834 Posts Drives: 15 Subaru Outback 3.6R Limited Join Date: Dec 2007 Location: Michigan iTrader: (8) Garage List 2015 Subaru Outback ... [0.00] 2012 Morgan 3 Wheeler [10.00] 2015 Subaru WRX STI ... [9.00]	Just got 93 for $2.28 at speedway in Michigan. (Super low for here, we are usually above the national average because of being a peninsula and all)
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12-25-2014, 06:50 PM	#32
Vigilante375 Major 115 Rep 1,158 Posts Drives: 2012 AW 6M 135i Join Date: Sep 2011 Location: WA iTrader: (0)	Getting closer to what it was back in the 90s. Thats awesome!
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12-25-2014, 07:37 PM	#33
Mak135i First Lieutenant 6 Rep 341 Posts Drives: 911 GTS, X3M Join Date: Apr 2010 Location: Tampa, FL iTrader: (2)	$1.95 for premium at COSTCO in Baton Rouge. I can't even remember when it was last at that price __________________ 2019 911 GTS 2017 M4 CV 2017 Mini JCW
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12-26-2014, 08:15 AM	#34
DSB335d Captain 1316 Rep 700 Posts Drives: '11 335d DSB/oyster&black/navi Join Date: Dec 2011 Location: West palm beach iTrader: (0)	This was in Louisville, KY on December 17. A friend posted this on his facebook page. Pics didn't load... Wtf. Anyway regular was $.99 !!
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12-26-2014, 11:04 AM	#35
Vigilante375 Major 115 Rep 1,158 Posts Drives: 2012 AW 6M 135i Join Date: Sep 2011 Location: WA iTrader: (0)	I bet the economy is doing very well now with all the gas prices being dropped. Less money spent on fuel means more money for the consumer and less money spent for products for a business.
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