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originally posted by: GeauxHomeYoureDrunk
a reply to: JAGStorm
Gas prices are tied to greed above all! Saturday we went to check out an area we were potentially going to move to in a few years when the hubs retires (it's a for sure thing now). Gas here in town was $2.19 per gallon, though just a few days previous it was $1.89. Anyway, we got about 10-15 minutes out of town and gas everywhere was $1.79 per gallon! That's a 40 cent difference! They jacked the prices up in the city knowing people would gas up to head out of the city for the holiday weekend- they do it every time! That is nothing but greed!
That has many oil field workers on furlough.
originally posted by: JAGStorm
a reply to: Bluntone22
That has many oil field workers on furlough.
So which is better?
pain/ job loss for a few
benefit for many
There are a lot of small oil companies that may not reopen after prices return to a more normal position.
And add to that the purchase of more foreign oil as opposed to domestic so the short term consumer benefit isn't all positive.
Sometimes there is a much larger picture to consider.
originally posted by: Bluntone22
a reply to: JAGStorm
Low gas prices are a mixed blessing ...
Good for the consumer but oil fields are shut down around the country because it costs more to pump than you get from the sales.
That has many oil field workers on furlough.
Lots of states charge a percentage of sales tax on gas also so some states are taking in less revenue.
originally posted by: JAGStorm
a reply to: Bluntone22
That has many oil field workers on furlough.
So which is better?
pain/ job loss for a few
benefit for many
originally posted by: LSU2018
a reply to: JAGStorm
I used to have a love/hate relationship with low gas prices... But since neither myself or my dad are in the oilfield anymore, I'm all about the lower prices. But I do still hate it for the guys out there busting their asses in the oilfield. It's a dangerous, hard labor job.
originally posted by: JAGStorm
If our domestic product can't compete without subsidies, or buying foreign, maybe we need a new product.
Maybe it would force us to create better products long term.
originally posted by: JAGStorm
a reply to: Bluntone22
That has many oil field workers on furlough.
So which is better?
pain/ job loss for a few
benefit for many