USD2.05? It might cheer some of you stateside, that across the pond, even though our gallon is slightly larger than yours, we pay USD7-8 for it!
Americans always bitch about the price of gas but in my travels I have confirmed that we have the cheapest gas in the world...
I also loaded up cheap on some oil 2x ETFs.....the risk is that it takes a long time for oil to even get back to $40 and the fund churns and decays....but worth a lottery ticket...
%% HE got the direction right=down, down. T Boone Pickens said , as a matter of public record, when he was kid he climbed up the gasoline price pole + lowered the bids. Yogi Bear said dejavue all over again...………………………………………………………………………………………………………………….
When you combine the federal tax, the cheapest state pays just over 33 cents per gallon(alaska) CA pays almost 80 cents per gallon. Gasoline futures are .67 cents right now, so even with free shipping from the refinery, we're not hitting sub $1 gas anywhere.
I can see it hitting South Carolina first, if it ever does. For some reason they always seem to have super cheep gas compared with rest of US.
An extreme exception to the norm. The price of gas in Malaysia, Japan, Brazil, Panama, Guatemala, Spain and various other places I have done comparison shopping when converting from price per liter to price per gallon...they pay almost double what we do...
Helps when you can pull it out of the ground, no one in your country can afford a car to use it in, and sanctions prevent you from selling it to your otherwise natural customers.