06 October 2015

Let's Play "Remember When"

On September 10th, I wrote about the high price of gas in Anchorage; it was $3.27/gallon on that date. I mentioned that a couple of State legislators had just asked the Governor's office to investigate why, with the price of oil dropping from $105/barrel to $40, the price literally hadn't changed.

Within a few days, the price had dropped nearly 30 cents per gallon. Today, I filled up for $2.61 per gallon.

Gee, I wonder how that happened?


Rob said...

That must be the reason our gas has gone from $2.19 to $2.39 the last week or so. Gee thanks Alaska.....;)

Unknown said...


Sandy said...

Rev. Paul,

In OK, real gas with out ethanol is $2.47 a gallon here, and with ethanol it's $2.14 a gallon. Employers in the oil, and gas industries here in Oklahoma are laying off employee's.

Chickenmom said...

It's not going to last. Top off your tank every few days.

Rev. Paul said...

Rob, somehow I doubt that the price per barrel from the Nikiski oil refinery on the Kenai Peninsula has much to do with your prices, way down there. :) (And yes, I know you were kidding.)

Unknown, thanks.

Sandy, you may have recently seen that Shell Oil has shut down all its Arctic exploration & drilling programs. Costs too much for the current price of oil to make it worthwhile. Several thousand workers affected here, too.

Chickenmom, we know. But we're enjoying it while we can.

Guffaw in AZ said...

I'm all about capitalism, but controlling the market for profit is WRONG!
I wonder who the largest oilco stockholders are...?


Rev. Paul said...

Guffaw, it varies by company, but if you guessed T. Boone Pickens and Warren Buffett, you'd be in the right neighborhood.

ProudHillbilly said...

Gas prices drive me nuts. I can get cheaper gas if I cross over into the socialist state of MD and much cheaper gas if I just drop over into VA.

Rev. Paul said...

PH, the prices make no sense. I've seen places inside a single midwestern state where gas was nearly 20 cents higher in one town than in the towns on either side of it.
It's pretty much nuts.