How much did you pay for gas today?

$2.09 this afternoon and if there are no sudden spikes, it'll be $1.92 by Christmas Day.

 

Down to $2.29 by my house, although was still $2.45 in town.

 

The ghetto near the paper was at $1.99, but I just filled up at $2.17 by my house.

 

Central Florida prices are down about 15 cents in the last 10 days; now we're in the $2.40s. I track every fillup I make and I'm saving about $15 per tankful from what I paid six months ago. Put me in the camp that says this is good for 98 percent of the U.S. economy; Americans won't save that extra few bucks, they'll put it right back into the economy.

 

Of course the corporate nut slurping media is starting to float the sympathy-trolling meme that this is really a bad thing for America, because it is going to (gasp!!!) cut into oil company profits.

As if the cocksuckers haven't had their fangs sunk in our asses since 2008. (Actually much longer ago than that, but 2008 marks the start of their latest continuing campaign to ass-rape us into economic oblivion.)

 

Exactly. Shell made $5.8 billion in profit in its most recent quarterly report. No one should stay up at night worrying the company might not be able to repeat that in its next filing.

 

I saw a headline the other day saying cheap gas was bad for America, but I don't know the reasoning used because I took one look at the headline and didn't bother reading the story.

 

Part of the reasoning is that it now costs more to find and produce a barrel than what it fetches on the open market. There were profits galore at $100 a barrel, but not so much at $60. Similar reasoning also applies to fracking — or so they say.

 

So? There is more supply than demand. Why is that bad?

 

Because The Job Creators may only clear hundreds of billions in profit, instead of trillions. Boo Fucking Hoo.

 

Companies like Exon pay a lot of taxes on their profits but I'm not going to over think it. At this point it's a nice
break for the working man.

Still think it has to do less with supply and demand and more to do with the oil market being less manipulated
by the futures traders.

Some big organizations like Chase and Goldman have had a bit of wind taken out of their sails and do not
want to have Congress take a further look at them.

 

And we have our first sub-$2.00 sighting in DFW! $1.99 at a number of locations (QT, 7-11, Valero, etc). I filled up tonight at $1.79 with a Kroger discount. Can't remember the last time I filled up for $25 (OK, $25.64 -- close enough).