What are your gas prices today?

$1.87

suck it opec!

Around the same here.. $1.89. Did we find enough oil over there yet?

Around the same here.. $1.89. Did we find enough oil over there yet?

I'm not sure exactly why the prices have dropped the way that they have. Could be fracking, could it be something to have to do with Venezuela and Russia and outside factors trying to ruin their currency? Probably the most likely.

Either way, $5 is gas money again.

Oversupply of oil and OPEC's decision not to curb their production in order to make US fracking unprofitable. It's essentially a price war coupled with weakening demand in Europe and Asia.

Yay for oil induced deflation

I heard OPEC's Secretary General said he expects prices to go up to around $200/barrel. He can eat a bag of cocks.

This whole market is completely hogwash, driven by pure speculation given that production rates have remained consistent.

He probably said that hoping it would have some positive speculative effect.

But at the direction of core deflation in Europe, I wouldn't be surprised if prices eventually reach 1970's levels again.

This is why I'm investing my stock portfolio primarily in green energy. They and Oil are both busting currently, and Oil will certainly boom back within the year, but in the next 5 years "green corporations" are going to completely level the playing field.