Oil Prices Go Negative!

[Flimflamman]

But when price of a barrel goes up they're sure quick to raise the prices 3 mins later.

Hah! Isn't that the truth. Kind of like when a retailer/bank isn't so quick to return your money. Takes them 2 seconds to pull it out of your account, but 2 weeks to give it back. SMH

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[Qcman17]

Seeing as how I'm stuck at home i keep staring out the window in the hope that a fuel truck with 94 octane pulls up and pays me to fill the GT. i think i may have missed it when i went to the bathroom....

 

[Stage_3]

Yep most refineries are at idle right now. Or have shut parts or all of the refinery down. Due to a lack of storage/demand. The only thing keeping refineries afloat right now are products like benzene or home heating oil. The actual cost of gasoline from one state to the next has more to do with how much your state taxes gas than anything else. I live in Jersey which is one of the hardest hit by the virus. But the governor could open the southern half of the state today without much worries. If things don't open soon we're going to have a giant mess on our hands. I don't believe the government can keep printing monopoly money to cover everything.

I agree man. It's horrible.
I'm not too far away in MA. We're having a hard time in MA with the Chinese virus.
Stay safe!

 

[Hack]

I can't even remember the last time I had to buy gas. I'm going to have to get some fuel stabilizer and hook up the battery chargers.

 

[Joe B.]

Not a great thing for those with stock in oil companies, relying on dividends , or the thousands put out of work.

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