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Environment & Energy

FBaggins

(28,678 posts)

5. It was probably $3.50 - $3.75 a year ago

Reply to yeoman6987 (Reply #1)

Wed Aug 12, 2015, 02:55 PM

Aug 2015

$2.20/gal here (and sub $1.90 in parts of SC).

Keep in mind that the $30 is probably a wellhead price in the Bakken, not nationally or globally. They still don't have a cheap way to bring that to market, so they get significantly less than market averages.

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Oil at $30 Is No Problem for Some Cost-Cutting Bakken Drillers [View all] FBaggins Aug 2015 OP

And yet we are still paying over $2.50 a gallon yeoman6987 Aug 2015 #1

$ 2.50 ??? really ? jaysunb Aug 2015 #3

I hope that people are paid much more where you live. That's horrible. nt stillwaiting Aug 2015 #4

It was probably $3.50 - $3.75 a year ago FBaggins Aug 2015 #5

I am guessing these wells are profitable Kelvin Mace Aug 2015 #2

Lets ignore the cost of drilling, concentrate on the cost of PUMPING happyslug Aug 2015 #6

Did you read the article? They're very clearly talking about drilling, not pumping. FBaggins Aug 2015 #7