What are you paying for gas right now?

Luv · 12-22-2014, 07:15 PM

$1.88 for regular unleaded at Thorntons in Lebanon,Tn

Kent · 12-22-2014, 07:40 PM

1.82 Unleaded in North Texas

*Anya* · 12-23-2014, 06:17 AM

Saudi petroleum minister tells Arab summit there’s no ‘conspiracy’ behind drop in oil prices

Dec 21, 2014 Aya Batrawy, The Associated Press

ABU DHABI, United Arab Emirates – Saudi Arabia’s oil chief on Sunday dismissed allegations that his kingdom conspired to bring down oil prices in order to harm other countries and told a summit of Arab energy leaders that he was confident the market would stabilize.

The kingdom, which is dependent on oil revenues, is able to weather lower oil prices due to large reserves built up over the years. Non-OPEC member Russia and other nations like Iraq, Iran and Venezuela need prices substantially above present levels to meet budget goals and want to drive prices up.

Saudi Arabia maintains it is opposed to cutting production because of fears its market share could erode.

“The best thing for everybody is to let the most efficient produce,” Saudi Petroleum Minister Ali Naimi said in the United Arab Emirates capital of Abu Dhabi. He was addressing the Arab Energy Conference, a gathering held every four years.

The price of U.S. crude has dipped below $60 a barrel, its lowest in five years. Naimi said he was certain that the oil market would recover with the improvement of the global economy.

An OPEC meeting last month failed to agree on production cuts, mainly because of Saudi opposition to curb its own exports. OPEC controls about 40 per cent of the world oil market and Saudi Arabia is the cartel’s largest producer.

Naimi said that “a lack of co-operation by non-OPEC production nations, along with the spread of misinformation and speculator’s greed” have contributed to the drop in prices.

Some market speculators have suggested the kingdom is forcing lower prices to damage the economies of nations such as Russia and the Shiite powerhouse Iran, staunch backers of Syrian President Bashar Assad. Saudi Arabia backs the mainly Sunni rebels fighting to topple Assad.

Earlier this month, Iranian President Hassan Rouhani said the sharp fall in global oil prices was the result of “treachery,” a remark interpreted as a reference to Saudi Arabia.

“I want to say from this podium that talk about a Saudi conspiracy has no basis of accuracy at all and points to a misunderstanding,” Naimi said.

http://www.canadianbusiness.com/busi...in-oil-prices/

Orema · 12-23-2014, 11:16 AM

$2.39 Regular/$2.59 Premium a gallon at Costco

diamondrose · 12-23-2014, 11:44 AM

Gas is $2.09 a gallon in my part of the sticks.. Anxiously awaiting for under 2'buckaroos.

12-22-2014, 07:40 PM	#2
Kent Member How Do You Identify?: Male Relationship Status: Single Tournaments Won: 2 Join Date: Dec 2010 Location: TX Posts: 1,079 My Photo Gallery Thanks: 3,564 Thanked 2,058 Times in 720 Posts Rep Power: 19241326	1.82 Unleaded in North Texas __________________ Kent

12-23-2014, 06:17 AM	#3
Anya Infamous Member How Do You Identify?: Lesbian non-stone femme Preferred Pronoun?: She, her Relationship Status: Committed to being good to myself Join Date: Jun 2011 Location: West Coast Posts: 8,258 My Photo Gallery Thanks: 39,306 Thanked 40,454 Times in 7,284 Posts Rep Power: 21474858	Gas station on corner, $2.49; lowest in our town yesterday Saudi petroleum minister tells Arab summit there’s no ‘conspiracy’ behind drop in oil prices Dec 21, 2014 Aya Batrawy, The Associated Press ABU DHABI, United Arab Emirates – Saudi Arabia’s oil chief on Sunday dismissed allegations that his kingdom conspired to bring down oil prices in order to harm other countries and told a summit of Arab energy leaders that he was confident the market would stabilize. The kingdom, which is dependent on oil revenues, is able to weather lower oil prices due to large reserves built up over the years. Non-OPEC member Russia and other nations like Iraq, Iran and Venezuela need prices substantially above present levels to meet budget goals and want to drive prices up. Saudi Arabia maintains it is opposed to cutting production because of fears its market share could erode. “The best thing for everybody is to let the most efficient produce,” Saudi Petroleum Minister Ali Naimi said in the United Arab Emirates capital of Abu Dhabi. He was addressing the Arab Energy Conference, a gathering held every four years. The price of U.S. crude has dipped below $60 a barrel, its lowest in five years. Naimi said he was certain that the oil market would recover with the improvement of the global economy. An OPEC meeting last month failed to agree on production cuts, mainly because of Saudi opposition to curb its own exports. OPEC controls about 40 per cent of the world oil market and Saudi Arabia is the cartel’s largest producer. Naimi said that “a lack of co-operation by non-OPEC production nations, along with the spread of misinformation and speculator’s greed” have contributed to the drop in prices. Some market speculators have suggested the kingdom is forcing lower prices to damage the economies of nations such as Russia and the Shiite powerhouse Iran, staunch backers of Syrian President Bashar Assad. Saudi Arabia backs the mainly Sunni rebels fighting to topple Assad. Earlier this month, Iranian President Hassan Rouhani said the sharp fall in global oil prices was the result of “treachery,” a remark interpreted as a reference to Saudi Arabia. “I want to say from this podium that talk about a Saudi conspiracy has no basis of accuracy at all and points to a misunderstanding,” Naimi said. http://www.canadianbusiness.com/busi...in-oil-prices/ __________________ ~Anya~ Democracy Dies in Darkness ~Washington Post "...I'm deeply concerned by recently adopted policies which punish children for their parents’ actions ... The thought that any State would seek to deter parents by inflicting such abuse on children is unconscionable." UN Human Rights commissioner

12-22-2014, 07:15 PM	#1
Luv Member How Do You Identify?: .... Relationship Status: .. Join Date: Mar 2010 Location: ..... Posts: 753 My Photo Gallery Thanks: 1,199 Thanked 1,217 Times in 367 Posts Rep Power: 12549741	$1.88 for regular unleaded at Thorntons in Lebanon,Tn

12-23-2014, 11:16 AM	#4
Orema Superlative Soul Sister How Do You Identify?: Lesbian stone femme Preferred Pronoun?: She, her Relationship Status: Moving in a single file Join Date: Dec 2013 Location: Cottage of Content Posts: 13,606 My Photo Gallery Thanks: 41,448 Thanked 34,698 Times in 8,942 Posts Rep Power: 21474861	$2.39 Regular/$2.59 Premium a gallon at Costco

12-23-2014, 11:44 AM	#5
diamondrose Member How Do You Identify?: . Join Date: Apr 2010 Location: . Posts: 1,384 My Photo Gallery Thanks: 2 Thanked 2,895 Times in 923 Posts Rep Power: 13536274	Gas is $2.09 a gallon in my part of the sticks.. Anxiously awaiting for under 2'buckaroos.