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Old 12-27-2016, 06:15 AM
 
432 posts, read 343,294 times
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Do you think OPEC's will stick to its cutback?
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Old 12-27-2016, 09:57 AM
 
Location: Riverside Ca
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Even if they do, we go back to fracking. We're no loner as dependent on OPEC oil as we were in the past.
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Old 12-27-2016, 10:21 AM
 
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The US average for regular was at $3.60 per gallon in the Summer of 2014. Then OPEC went after Russia and North Dakota. The idea that OPEC doesn't matter anymore is a bit unrealistic.
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Old 01-04-2017, 03:36 PM
 
Location: Yucaipa, California
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Gas has jumped due to horrid OPEC cutting production by 1.2 million barrels a day & it will continue to rise.
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Old 01-04-2017, 03:47 PM
 
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The price has already jumped. I saw it go up around 19 cents a gallon over a few day span.
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Old 01-04-2017, 03:49 PM
 
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Doesn't gas usually go up when Republicans take office???
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Old 01-04-2017, 03:57 PM
 
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Average US pump prices were the same this week as in June of 2016 and April of 2015.
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Old 01-04-2017, 04:04 PM
 
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Quote:
Originally Posted by Tominftl View Post
Doesn't gas usually go up when Republicans take office???
Fortunately, that doesn't happen very often. But the GOP is associated with recessions which typically cause gas prices to drop. Prices fell by nearly 25% in 2001, for instance.
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Old 01-04-2017, 04:16 PM
 
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I think gas prices will continue to increase.....I hope they do....I dont think OPEC will stick to the cuts.
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Old 01-04-2017, 06:16 PM
 
2,360 posts, read 1,915,241 times
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Quote:
Originally Posted by Tominftl View Post
Doesn't gas usually go up when Republicans take office???

Yea about to say the same thing. Far as i can remember gas went up during republican, and down during Democrat terms.

I thought we had so much gloat in storage that even if they did cut 1.x mill a day we still have a over supply. I think we still do and they are just finding a excuse to jack it up again because they are going broke up north and since the OK fracking has been shut down, the funds are drying up.
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