$1 Gasoline???

I think almost everything else has already been beaten to death in the forum
and Toyota isnt tempting us with Gen5 or EV or other stuff I/we are hungry for lol

 

plugging in - in some instances is free (pubicly or home PV). It's a whole lot less often that you ever see gas stations giving away gasoline for free.

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free gas with the purchase of a set of glasses

 

GIGO....
We'll know more after the post mortem....

 

gas southeast Texas.. $1.97 and once in a while $1.93

 

Glasses so you can see those you run over better?

 

Russia might be trying to take out US shale by keeping the supply up.

 

Gas was literally 99 cents locally when I traded the Prius for a hot rod Cadillac last year.

Was looking to warm up the climate too. Very cold out.

 

½ dozen - for $30 ?

Pictures or it ain't so!

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"They" who?

So far, I've seen such claims only from politicians, while the science and medical folks leave it as an unknown and refuse to speculate.

 

You believed what they wanted you to believe

 

More items towards that:

Putin Targets U.S. Fracking With Oil Price War, in New Threat to Trump's Election-Year Economy

But some of the voices mentioned in the article believe that Russia's moves are more about protecting its own economy from this coronavirus outbreak than about hurting U.S. shale producers.

Saudi Arabia tried to shake out U.S. shale in 2014. While they succeeded in driving hundreds of companies into bankruptcy, they didn't seem to appreciate our bankruptcy system that allows a path to continued operations under reorganization, while shedding much debt. So shale oil production was much more resilient than the Saudi's expected. Russia could face the same issue.

 

Friday, Russia refused to go along with OPEC+ efforts to reduce oil output and help stabilize prices. Putin started an Oil Price War.

Today, Saudi Arabia fired the next shot of this war. It retaliated against Russia by offering steep discounts ($7 to 9 / barrel) to the U.S., Asia, and Europe. This will further hurt U.S. shale producers beyond what Putin would do to them, but gives some relief to the airlines and others hurting from this epidemic-driven economic downturn:

Saudi Arabia Stuns World With Massive Discount In Oil Sold To Asia, Europe And U.S.

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I won't use the lower prices to go on an oil-burning binge. Those who have the power to drive prices down now, can drive them higher again later. Don't get caught in a future trap.

 

Wow, it really is a price war, and at the moment prices are crashing:

 

Right, everyone wants to work out their grudges before the virus does its thing

 

Those aren't prices. Those are gamblers betting what the prices will be in the future.

SA announced they are cutting the price of their light crude by $5-$6 for the USA, and I believe $5-$7 for Europe.

 

Commodity futures are actual prices that folks are using now. Yes, they are speculating where spot prices will go in the future, and plenty of gamblers are in the game, but real buyers and sellers are locking in contract prices now.

From the article linked at post#54:

"So, Saudi Arabia is doing an about face. If it can't get the price back up, it's going to drive the price way down. It's offering to cut the oil price for the U.S. market by $7 per barrel, to Europe by $8 and Asia by $6."

 

Major stock index futures have crashed too. S&P500 and Nasdaq futures for Monday's opening have fallen to their respective circuit breakers and ceased trading. (These breakers are narrower than the live market breakers during the normal business day.) Some rose just enough to resume temporarily, but then fell back and stopped again.

The Dow's DJIA is hovering just above its circuit breaker. I see no mention of it having hit tripped its breaker.

These overnight futures are a higher order of speculation than the regular stock market, and more thinly traded, so can be more volatile. So sit tight, or at least look carefully in both directions before jumping into the game.

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Treasury futures have also hit new record lows:

"The benchmark 10-year Treasury yield broke below 0.5% for the first time ever ....
The 30-year Treasury yield also hit a record low of 0.974%, breaching the 1% threshold for the first time in history."

Monday is setting up to be a quite exciting market day, no matter what direction it finally decides to go.

 

gas war prices ~ does that mean we're going back to 4 or 5 guys racing out to check your tires, radiator, oil, fill 'er up & clean your windshield?

Probably not.
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