Small oversupply. Lot’s of new supply coming on the market. A big incentive for OPEC to drive the price down in order to shut down the fracking wells that cost more than $50 to operate.
Geopolitics also plays into it - it gives a big headache to Iran, Venezuela, Russia, Syria, etc. OPEC could make it go away, but there is no incentive for them to do so until they succeed in bankrupting a bunch of other producers. Mark > On Jan 13, 2015, at 11:03 AM, Chuck McCown <[email protected]> wrote: > > I wonder what is really driving the price down. Fracking, OPEC diaspora, > CAFE improvements, Russia problems ??? > > From: Jeremy <mailto:[email protected]> > Sent: Tuesday, January 13, 2015 8:54 AM > To: [email protected] <mailto:[email protected]> > Subject: Re: [AFMUG] Gas Prices > > Thanks Obama! (he gets blamed for EVERYTHING, right??) > > On Tue, Jan 13, 2015 at 8:41 AM, Josh Luthman <[email protected] > <mailto:[email protected]>> wrote: >> Same up here in Ohio. >> Josh Luthman >> Office: 937-552-2340 <tel:937-552-2340> >> Direct: 937-552-2343 <tel:937-552-2343> >> 1100 Wayne St >> Suite 1337 >> Troy, OH 45373 >> On Jan 13, 2015 10:35 AM, "joseph marsh" <[email protected] >> <mailto:[email protected]>> wrote: >>> 1.75 here in my area >>> On Jan 13, 2015 9:35 AM, "Vlad Sedov" <[email protected] >>> <mailto:[email protected]>> wrote: >>>> $1.50 to $1.55 in oklahoma city.. crazy. >>>> >>>> vlad >>>> >>>> On 1/13/2015 9:32 AM, Travis Johnson wrote: >>>>> I never thought I would see gas prices this low. We have stations at >>>>> $1.71/gallon in our area right now. :) >>>>> >>>>> Travis >>>> > >
