Part true and part untrue. The federal government is also keeping gas prices artificially low by making it difficult to export crude oil out of the country. If we removed export regulations on fossil fuels, prices would immediately go up.

I disagree. If the federal government opened up more areas of federal lands and offshore areas for leasing and truly adopted an "all of the above" energy strategy, including fossil fuels, I think that global prices would immediately begin declining.

Paid $3.38 in St Petersburg today. Was $3.87 in Lexington when I left.

 

I'm putting 20 in my tank when I leave for PCB Friday, so I can get to Nashville where it's non gouged at 3.35.

I disagree. If the federal government opened up more areas of federal lands and offshore areas for leasing and truly adopted an "all of the above" energy strategy' date=' including fossil fuels, I think that global prices would immediately begin declining.[/quote']

 

Open all you want but are they actually drilling?

Open all you want but are they actually drilling?

They are drilling on private property at a high rate. Obama has kept large areas of federal property off limits. There is no good reason that there are no wells operating in the ANWR.

Gas prices in Corbin are consistently 10 cents a gallon cheaper than in London, which is about 10-12 miles away and 30-40 cents cheaper than Lexington.

 

I'm not sure why, but have been told that Corbin is the cutoff point north for fuel that is distributed from the south, and that it is less expensive from the south.

Gas prices in Corbin are consistently 10 cents a gallon cheaper than in London, which is about 10-12 miles away and 30-40 cents cheaper than Lexington.

 

I'm not sure why, but have been told that Corbin is the cutoff point north for fuel that is distributed from the south, and that it is less expensive from the south.

Monticello has historically always been cheaper than Somerset also, even though the fuel trucks go through Pulaski County to get to Monticello.

$3.99.9 here in Saulte Ste Marie, Michigan and throughout the Upper Penninsula the weekend of June 7-8.

 

Was $139.9 a litre in Canada all three weeks I was there, and $1.55.9 on the water. All I know is that it cost me $67 for 10 gallons at the pump.

 

:scared:

Monticello has historically always been cheaper than Somerset also, even though the fuel trucks go through Pulaski County to get to Monticello.

 

Since I don't go to Grider Hill that way any more, I've found another route down 55 that I like. Gas was 3.51 yesterday in Lebanon. Had I had the walmart card, I'd have gotten it .10 cheaper for 3.41. Needless to say, I'm gonna get me one of those Walmart cards.:thumb:

$3.53 this morning in Somerset...which is shocking

 

$3.33 Bowling Green the cheapest in the state according to this link...Kentucky Gas Prices - Find Cheap Gas Prices in Kentucky May have to refresh to get updated prices once you go to link

I disagree. If the federal government opened up more areas of federal lands and offshore areas for leasing and truly adopted an "all of the above" energy strategy, including fossil fuels, I think that global prices would immediately begin declining.

 

It's possible, but the reserves would have to be massive and the investment huge to make much of a dent. How many billions of barrels would those lands have to produce to have much of a dent in a world approaching DAILY global demand of nearly 100 million barrels?

 

Count me among those who believe petroleum is not coming down so long as growth in Southeast Asia is dictating prices.

Hmmn...you got a link to this info...I'd like to read more about it

 

I'll do some looking; can't think of a great source off the top of my head. The ban went into place in 1975 as all that nightmare was going on.

 

I'm all for lifting the ban. Prices will DEFINITELY go up in the short-term, but you have to think that increased export profits could also spur production, which could level them off long-term.

 

There is one powerful and wealthy industry that has kept that ban from being lifted for many years now: oil refineries. With a ban on crude oil exports but not on refined petroleum products, those domestic refineries are profit factories since potential exporters have to have the stuff refined BEFORE it leaves the country. The end of that ban is the last thing they want to see.

 

For what it's worth, there is a pretty tight regulatory system in place for the export of natural gas as well, which is a shame as the U.S. is about to become the biggest producer of petroleum products and natural gas on the planet. We have the potential to become a global energy powerhouse if we can get our minds out of the 1970s.

Login to access the Oil & Gas Journal Subscriber Premium features.

 

This recent article seems to say something different, it says prices would drop not go up if the ban was lifted.

 

But there are also stories supporting what you are saying

Would you vote for a politician that's primary campaign objective was to cap fuel prices at $2/gallon?

Would you vote for a politician that's primary campaign objective was to cap fuel prices at $2/gallon?

At first blush I would say no, but would have to hear how they were going to do it. There may some scenario that I would support but that would be a slippery slope.

Login to access the Oil & Gas Journal Subscriber Premium features.

 

This recent article seems to say something different, it says prices would drop not go up if the ban was lifted.

 

But there are also stories supporting what you are saying

 

Get five economists in a room and you'll get eight different opinions. For me, I don't see how prices don't go up short-term with the sudden availability of markets in which fuel is in even higher demand than it is here. Long-term... different story... and much more unpredictable.