Thread: Gasoline prices
View Single Post
Old 09-21-2015, 02:42 PM   #10
TheProfessor
Senior Member
 
Join Date: Nov 2010
Posts: 1,062
Thanks: 17
Thanked 326 Times in 198 Posts
Default

Price of petrol.

From what I read, it is the Saudi government that is flooding the world market.
The intent is to shut down the tar sands or whatever the correct name is.
Opinions vary. The tar sands oil from Canada and the US require somewhere above $60.00 to break even. Experts of course vary on this price.
All is a gamble by the Saudi government.
Yes, todays price is an advantage to the average Joe/Jane purchasing gasoline.
But this could all end quickly if the Saudi government cuts back.

But back to the Lakes Region. The lowering of gasoline prices is a good thing for this seasonal industry. Although locals may not appreciate the increased traffic, money does come into the area from those out of state coming here.
TheProfessor is offline   Reply With Quote
The Following User Says Thank You to TheProfessor For This Useful Post: