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Gas Prices
#1350119 Sun Mar 15 2020 07:05 PM
Joined: Nov 2004
Posts: 1,811
J
J Lucas Offline OP
Workshop Owner
Between the Russian/Saudi spat and the health scare at least gas is getting cheaper;

Omaha $1.99


J Lucas





1941 Chevy 1/2-Ton
1942 Chevy 1.5-Ton SWB
1959 Chevy Apache 31 Fleetside
1959 Chevy Apache 32 Fleetside
1959 Chevy Viking 40

My Flicker Photos! [flickr.com]

Re: Gas Prices
J Lucas #1350123 Sun Mar 15 2020 07:50 PM
Joined: Aug 2001
Posts: 4,369
2
Shop Shark
I do like the lower gas prices! And it is getting under 2 bucks a gallon here in Mid missouri also.
Hate to see that the Homecoming was canceled, But I do understand.
Our lifestyle is not changing and this will all blow over in about six weeks!

Don


Of all the things I've lost in my life, I miss my mind the most!

1967 GMC 9500 Fire Ladder Truck
"The Flag Pole"
In the Stovebolt Gallery [stovebolt.com]
More pix on Photobucket [s893.photobucket.com]
'46 2-Ton grain truck
'48 3/4-ton grain truck
'50 2-ton flatbed
'54 Pontiac Straight Eight
'70 American LaFrance pumper fire truck.
Re: Gas Prices
J Lucas #1350129 Sun Mar 15 2020 08:10 PM
Joined: Apr 2005
Posts: 8,929
Grease Monkey, Moderator General Truck Talk & Greasy Spoon
Since we do get a small mineral royalty from nearby wells I keep my eye on when the pump jacks are running. I can see 4-5 from my house. None of these have been turned on in over 3 months. I have observed the price of a bbl of oil has to be above $55 before they are turned on. No royalty check for February. Think big oil is manipulating the prices? ohwell


Martin
'62 Chevy C-10 Stepside Shortbed (Restomod in progress)
'47 Chevy 3100 5 Window (long term project)
‘65 Chevy Biscayne 4dr 230 I-6 one owner (I’m #2)
‘39 Dodge Businessmans Coupe
USAF 1965-69 Weather Observation Tech (got paid to look at the clouds)


"I fought the law and the law won" now I are a retired one!
Support those brave men/women who stand the "Thin Blue Line"! Hug a cop!

Re: Gas Prices
J Lucas #1350174 Mon Mar 16 2020 07:41 AM
Joined: Feb 2001
Posts: 6,831
W
Master Gabster
Be careful Martin, I will sig the moderator on you. $2.08 here.


Ron, The Computer Greek
I love therefore I am.

1960 MGA Roadster Sold 7/18/2017
1954 3100 Chevy truck in the Gallery
2017 Buick Encore
Pix on Photobucket
Re: Gas Prices
J Lucas #1350186 Mon Mar 16 2020 01:18 PM
Joined: Apr 2005
Posts: 8,929
Grease Monkey, Moderator General Truck Talk & Greasy Spoon
laalaa


Martin
'62 Chevy C-10 Stepside Shortbed (Restomod in progress)
'47 Chevy 3100 5 Window (long term project)
‘65 Chevy Biscayne 4dr 230 I-6 one owner (I’m #2)
‘39 Dodge Businessmans Coupe
USAF 1965-69 Weather Observation Tech (got paid to look at the clouds)


"I fought the law and the law won" now I are a retired one!
Support those brave men/women who stand the "Thin Blue Line"! Hug a cop!

Re: Gas Prices
Justhorsenround #1350215 Mon Mar 16 2020 05:08 PM
Joined: Mar 2014
Posts: 1,611
J
Shop Shark
Originally Posted by Justhorsenround
Think big oil is manipulating the prices?


I don't think so, Martin. I believe the truth in this case is the opposite: the smaller guys are attempting to manipulate. Although some lease operating companies have become much larger due to consolidation/purchase. Anytime there is an abundance of product, the lease operators will simply stop pumping. If you ask them, they'll tell you they're working for your benefit...that is to say they're saving the owners from selling at depressed prices (the old supply/demand/price thing). But if you stop to consider, you'll see that selling at lower prices will hurt the operators just as much (since their fees are regulated and determined depending on the price received)...and they don't really care that you may depend on those lease payments each month or quarter. Three months is a bit on the long side, but I've seen some wells shuttered for over a year or more when prices went south. Especially those that have been drilled within the last 5 or so years and those which are older and require the extra cost of stimulation work in order to produce at a higher level again. Wells that have been producing steadily for many years usually are left pumping come what may to cover operator's ongoing costs.

Last edited by Jon G; Mon Mar 16 2020 05:08 PM.

Jon

1952 1/2 ton with 1959 235
T5 with 3.07 rear end
Re: Gas Prices
J Lucas #1350216 Mon Mar 16 2020 05:08 PM
Joined: Mar 2016
Posts: 227
K
Shop Shark
Filled up my 51 3100 yesterday here in Mississippi.....$1.89 a gallon.


Mike

1951 3100 5 window
Re: Gas Prices
J Lucas #1350223 Mon Mar 16 2020 05:41 PM
Joined: Dec 2001
Posts: 15,185
Boltergeist
Have seen 1.84 around here.but mainly 1.89 to 1.99


1937 Chevy Pickup
1952 Chevy Panel
Pictures in my Photobucket
1950 Chevy Coupe

52 Chevy Panel

I'd rather walk and carry a Chevy hub cap than ride in a Ferd.
I can explain it to you, but I can't understand it for you smile
Re: Gas Prices
J Lucas #1350246 Mon Mar 16 2020 08:49 PM
Joined: Feb 2001
Posts: 6,831
W
Master Gabster
1.97 in central Indiana.


Ron, The Computer Greek
I love therefore I am.

1960 MGA Roadster Sold 7/18/2017
1954 3100 Chevy truck in the Gallery
2017 Buick Encore
Pix on Photobucket
Re: Gas Prices
J Lucas #1350258 Mon Mar 16 2020 09:56 PM
Joined: Feb 2011
Posts: 902
R
Shop Shark
Filled up my pickup this morning, $1.78. Filled up the wife's vehicle at the same station this afternoon, $1.74. Go figure!!!

Rick

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