Posted by oldtanker on December 19, 2014 at 22:52:22 from (64.118.3.75):
In Reply to: Gas under TWO BUCKS ! posted by Chris(WA) on December 18, 2014 at 20:04:14:
Gas was 2.27 in Alexandria MN.
Where the wife works was 2.29.
He boss gets his price from the supplier. They have it figured out based on how far they haul it per each station. When there is a rice change the supplier calls and tells em what they are supposed to be charging. The supplier get his pricing from the gas company, then adds in the additives that each station requires to come up with the price.
I read in the news that for existing wells the break even points are non fracking 42 dollars a barrel and 52 fracking in one report and another that said 40 and 60 respectively. Now that's to extract oil here in the US. Guess we will have to see how far OPEC is willing to let the price slide.
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