How Much Does Gasoline Cost?, How much does gasoline cost you per

[Patch]

You can not convince me this is not price gouging!

Slàinte,        

Patch

[Patch]

This morning gas dropped to $3.60. Gas prices have passed the price of beer in many parts of the US. Too bad it will not burn!

Slàinte,        

Patch

[valpal59]

So far gas is still 3.49 but diesel is 4.18.

[j Padraig moore]

Around $3.53...today...for now...

Did anyone see Nova last night on PBS? It was about the car of the future and what motivated scientists and engineers are doing about easing our dependence on oil, etc. From watching that, I know that "the truth is out there".

[Druid_of_Ark]

$3.52

[CelticRoz]

$3.23 a gallon

[valpal59]

3.55

[Patch]

$3.60 earlier this AM but traditionally, here it changes around 10:00 AM.

Slàinte,          

Patch

[Robert Phoenix]

Last night they jumped our gas by ten cents to $3.80. Still $3.60 at the casino a half hour away and #3.50 in Duluth which is an hour and a half west of us. Talk about price gouging.

Heard they may start horizontal drilling somewhere out west. Guess the deposit is enough to amost get rid of our dependence on foreign oil.

[Patch]

Last night it was $3.56 about 8:00 PM. I live less than 30 miles from a refinery so it shouldn't be transportation cost.

Slàinte, 

Patch

[Patch]

Tonight it was $3.60 again. AP had a story predicting $200 a bbl for crude coming. That is up $80 over today's spot price.

Slàinte,   

Patch

[Harlot]

Half a tank at 3.61 a gal.was 35.46. I try and fill up at half tank, maybe I'll change that to a quarter tank.

[Druid_of_Ark]

3.53 here I wish I could afford a Quarter tank, my van holds 35 gallons anyone seen an unattended Brink's Truck?

[Harlot]

Do you have a black mask ,you could always say you were are the Lone Ranger!

[Robert Phoenix]

Here is the article I saw. It was in another forum which didn't have a link to it's source.

Massive Oil Deposit Could Increase US reserves by 10x
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost America’s Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC’s short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant.

In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana. With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.

It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.

The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars over seas building palaces in Dubai and propping up unfriendly regimes around the World, if 200 billion barrels of oil at $90 a barrel are recovered in the high plains the added wealth to the US economy would be $18 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run.