Jacksonville Gas Prices

[ChriswUfGator]

This is a concerted effort by a handful of opec members (the same ones that broke ranks at the last meeting and destroyed the cartel's power in the short term), to drive the boom of shale oil producers who've cropped up in the past 5 years out of business. The industry had finally reached the point where it was taking enough market share to bother with. To do that, realistically, they need to hold the price of a barrel under $50 for a year maybe two. As soon as it's all over but the crying, the price will go back up. Now is an excellent time to buy anything oil related, because it's basically a manufactured/controlled decline. They can staunch it at any time by cutting production, and they will as soon as they get what they want. This is kind of a no-brainer as an investment strategy.

[vicupstate]

After months of price declines, gas prices are now at what many in the industry now consider the bottom.

Crude oil prices have settled and excess capacity has been absorbed in the market.

In Jacksonville we were able to reach 1.92 during the bust. The price gap between spot and contact prices are now at a low of 10 cents or less.

It was nice while it lasted. Did anyone see anything lower?

$1.69 in SC.  A couple of station have gone up a few cents up to a dime, but many have not.

[I-10east]

The Argyle Forest Blvd & Old Middleburg Rd Speedway is at $1. 87. Houston is at $1.57.