Gas Just Hit Below $2.99 in Sacramento

For premium on-base, it's $3.07, the like Dinner said, it's not that much higher off base anymore. The next time I put 91 in the tank,* it'll probably be closer to $2.85 a gallon.

*fuck whichever asshole that decided California didn't need 93 premium. I didn't even know this was a thing till I went to Louisiana last fall, and still fill up for under thirty bucks.

IOW, Opec's telling Russia to crack off

.

Even at $2.58 it still cost me just under $50 to fill my tank.

I hate you.

I'm liking the low gas prices, and being able to fill up for $23, but I hope this doesn't drive car manufacturers to neglect their subcompacts in favor of gas-guzzlers. I like efficient little subcompacts - I wouldn't look forward to the return of the suburbanite Humvee.

Not my fault you bought a Jeep. :nyer;

I forgot about those monstrosities They pretty much disappeared after gas went over $3.50, and good riddance.

Explorer...

Sonofabitch, I didn't notice my phone autocorrect this.

If that didn't bring back Uncle Albert, nothing will

The Saudis are very wise about several things, one of which is understanding the world economy and oil markets (one of the others is not letting women drive, which helps reduce green house gas emissions). If they acted to keep prices high, more and more wells would be fracked in the Bakken and the Eagle Ford, and once those wells are in place their production will keep on flowing to help recoup the sunk costs. So the total non-OPEC long-term oil output goes higher if they act to prop up the current price, and that price would only stay high as long as they reduced their own output, and thus their own income. But the longer they took that hit, the bigger the hit would become, because we'd still keep fracking like mad at the propped up Saudi prices.

Meanwhile, most of their money is invested the West, and their investments boom as Western economies boom due to low oil prices, whereas most of their enemies (ISIS, Iran, Russia) would be greatly harmed by a significant price drop.

2008.

I can remember in 1991-1992 when the price got down to $0.69 a gallon even in San Diego. I could fill up my VW with a $20 and get change back. Those were the good old days.

I can remember filling up the tank on the Mustang and the Jet-Ski for $20.

Someone locally just posted a photo on my Facebook feed showing regular unleaded for $1.99 somewhere here in town.

Gas buddy says there is a place in San Diego for $2.77 and it says there is a place in El Centro for $2.48.

$2.99 for premium!

http://www.cnn.com/video/data/2.0/video/us/2014/12/05/pkg-la-29-cent-gas.ksla.html?c=tech

A gas station in Louisiana accidently set the price of gas at $0.29 per gallon. I bet the owner wishes he paid his staff $0.20 more per hour so he didn't get complete retards who just kept selling gas at a lose. Seriously, why wasn't that dense chick fired? Wouldn't people filling up their tanks for $3 have set off alarm bells for most reasonably intelligent people?

The problem is that you put "Louisiana " and "intelligent" in the same paragraph. I'm seriously not trying to be funny or snarky by saying that state has the slowest bunch of folks of any area I've visited in the United States. I don't know what it is about that place, but I completely understand why Anc took a running start from that area of the world and never looked back.

Russia Bond Yields Surge to 5-Year High as Rate Pressure Mounts

Russia’s borrowing costs jumped to a five-year high as the tumbling ruble sparked speculation the central bank will raise interest rates as early as this week to stem the depreciation.

The yield on 10-year local-currency bonds rose 60 basis points to 12.67 percent at 7:26 p.m. in Moscow and the ruble lost 2.3 percent to 53.75 per dollar. Shares of Mail.ru Group tumbled to a record in London after UBS Group AG downgraded the internet company amid growing concern that an economic slowdown will curtail corporate earnings next year. Pipemaker OAO TMK’s dollar bonds fell further past levels deemed as distressed.

The Bank of Russia is running out of options to stabilize the ruble after at least $2.6 billion of interventions last week failed to stop a rout that’s erased 16 percent of the currency’s value in the past two weeks. Oil’s plunge to five-year lows since OPEC held production on Nov. 27 and sanctions over the conflict in Ukraine are boosting wagers that policy makers will raise interest rates when they meet on Dec. 11.

“There are no buyers of Russian assets right now,” Konstantin Nemnov, the head of fixed income at TKB BNP Paribas Investment Partners in St. Petersburg, said by phone. “We’re seeing a market-wide selloff in Russian assets. After the OPEC decision, investors saw no more sense to hold Russia if the oil is tumbling, sanctions are not getting lifted and economic growth is slowing.”
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This could, of course, end very, very badly. A basket case Russia is a problem.

Just pulled into port a few hours ago after ten days at sea, and gas has dropped 35 CENTS in TEN days!

1.97 this morning at local stations.

2.45 downtown.

I got a GasBuddy.com alert that STL gas prices were going up to $2.29/gal. Checked out their handy price map, found a stretch of road just a couple miles from work that had several stations still listing lower prices...went out at lunch, topped off my tank (it took in nearly 12 gallons) at $1.93/gal . The station a block away was a penny more expensive when I passed it on the way in. On the way out, that station was already at $2.29/gal! Made it just in the nick of time!!!

Edit: What happened to the :slice: smilie????

John!

You mean this?

I spend five figures on fuel every year, the thought of only spending four....

I'm getting veklempt, talk amongst yourselves.

Already, I see the H2 and H3 Hummers being pulled outta retirement...

Screw that.

For $44,531, which is in between the cost of an H3 and an H2, you could be driving this. Then you could just drive right over a Hummer.

not in Redneck country they didn't. Worse, at least half those driving them can't park without sabatoging the space next to theirs.


BTW, I paid 2.00.9 this afternoon.

H3s don't get terrible gas mileage considering that they're SUVs.

H2s OTOH sucked, gas and otherwise.