# gas price going down **URL:** \ **Category:** Off Topic Board\ **Created:** [March 27, 2020, 3:30pm UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992 "2020-03-27T15:30:49Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![liketrolling](https://avatars.discourse-cdn.com/v4/letter/l/ce7236/32.png) [@liketrolling](https://forum.bigfishtackle.com/u/liketrolling)\ **Post date:** [March 27, 2020, 3:30pm UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/1 "2020-03-27T15:30:49Z")
It will not cost as much to go fishing but the bad thing is the ones working in oil may lose there jobs Crude oil today is $21.25 [![](https://canada1.discourse-cdn.com/flex028/uploads/bigfishtackle/original/3X/a/b/ab9170c3c544d90707a43c1022efb1b2032cb9cb.jpeg)](https://ibb.co/VpQS533) gas cost in Utah [https://www.gasbuddy.com/GasPrices/Utah](https://www.gasbuddy.com/GasPrices/Utah) Gas Price Charts [Gas Station Price Charts - Local & National Historical Average Trends - GasBuddy.com](https://www.gasbuddy.com/Charts) My son called me and ask what oil stocks to buy, if you buy at the right time you could make a new boat * * * For the fourth straight week, the national average price of gasoline has fallen, plummeting 12.8 cents over the last week to $2.08 per gallon today according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 gas stations across the country. The average price of diesel, meanwhile, fell 6.5 cents to $2.66 per gallon.“Gas prices have spent virtually all of March marching lower, with the drop continuing as the coronavirus destroys oil demand globally, leading to the lowest oil prices we’ve seen in 18 years, paving the way for still an additional 35-75 cent per gallon drop at most stations in the weeks ahead,” said Patrick DeHaan, head of petroleum analysis for GasBuddy ---
**Author:** ![a\_bow\_nut](https://avatars.discourse-cdn.com/v4/letter/a/a8b319/32.png) [@a\_bow\_nut](https://forum.bigfishtackle.com/u/a_bow_nut)\ **Post date:** [March 27, 2020, 4:22pm UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/2 "2020-03-27T16:22:53Z")
I wish somebody would tell the people that supply the Heber area. We are still over 2.40 a gallon. It’s cheaper for me to fill up in Park City at the Chevron station than it is to get gas at the Maverick in Heber. ---
**Author:** ![fishinfool](https://avatars.discourse-cdn.com/v4/letter/f/8e8cbc/32.png) [@fishinfool](https://forum.bigfishtackle.com/u/fishinfool)\ **Post date:** [March 27, 2020, 7:56pm UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/3 "2020-03-27T19:56:39Z")
Utah seems to never fall in price like the rest of the country. And if we finally grip enough on social media it falls a few days later. So get on fake book and grip y’all! 🙂 fnf 🆒 ---
**Author:** ![Tarponjim](https://avatars.discourse-cdn.com/v4/letter/t/df788c/32.png) [@Tarponjim](https://forum.bigfishtackle.com/u/Tarponjim)\ **Post date:** [March 27, 2020, 8:47pm UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/4 "2020-03-27T20:47:28Z")
$1.99 in Manila! That never happens, at least not in the last couple of decades. ---
**Author:** ![catchinon](https://avatars.discourse-cdn.com/v4/letter/c/46a35a/32.png) [@catchinon](https://forum.bigfishtackle.com/u/catchinon)\ **Post date:** [March 30, 2020, 7:31pm UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/8 "2020-03-30T19:31:36Z")
I just spoke to my son who is an area oil and gas drilling supervisor working currently in Wyoming. They are currently stacking all their wells (shutting them down). He has been going around and rah-rahing his crews, shaking hands and getting up close. He recognized how dangerous that is so he is stopping it, especially since his workers come from all over the country. He said they are expecting crude to drop to $5 a barrel before this is over and he doesn’t know how long he will stay working. Our biggest concern is for when he returns home to his wife and three young daughters. ---
**Author:** ![mtncat1](https://avatars.discourse-cdn.com/v4/letter/m/bcef8e/32.png) [@mtncat1](https://forum.bigfishtackle.com/u/mtncat1)\ **Post date:** [March 31, 2020, 3:43am UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/9 "2020-03-31T03:43:47Z")
> [@liketrolling](#): > > It will not cost as much to go fishing but the bad thing is the ones working in oil may lose there jobs > Crude oil today is $21.25 > [![](https://canada1.discourse-cdn.com/flex028/uploads/bigfishtackle/original/3X/a/b/ab9170c3c544d90707a43c1022efb1b2032cb9cb.jpeg)](https://ibb.co/VpQS533) > gas cost in Utah [https://www.gasbuddy.com/GasPrices/Utah](https://www.gasbuddy.com/GasPrices/Utah) > Gas Price Charts [Gas Station Price Charts - Local & National Historical Average Trends - GasBuddy.com](https://www.gasbuddy.com/Charts) > My son called me and ask what oil stocks to buy, if you buy at the right time you could make a new boat > > * * * > > For the fourth straight week, the national average price of gasoline has fallen, plummeting 12.8 cents over the last week to $2.08 per gallon today according to GasBuddy data compiled from more than 11 million individual price reports covering over 150,000 gas stations across the country. The average price of diesel, meanwhile, fell 6.5 cents to $2.66 per gallon.“Gas prices have spent virtually all of March marching lower, with the drop continuing as the coronavirus destroys oil demand globally, leading to the lowest oil prices we’ve seen in 18 years, paving the way for still an additional 35-75 cent per gallon drop at most stations in the weeks ahead,” said Patrick DeHaan, head of petroleum analysis for GasBuddy > > i’ve been getting diesel at costco for under 2 bucks a gallon for about 2 weeks now , such a good price i may pull my boat out and fill it up too. ---
**Author:** ![mtncat1](https://avatars.discourse-cdn.com/v4/letter/m/bcef8e/32.png) [@mtncat1](https://forum.bigfishtackle.com/u/mtncat1)\ **Post date:** [April 2, 2020, 4:35am UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/11 "2020-04-02T04:35:25Z")
the problem is gas tax is over a dollar a gallon so gas can’t really go much cheeper ---
**Author:** ![a\_bow\_nut](https://avatars.discourse-cdn.com/v4/letter/a/a8b319/32.png) [@a\_bow\_nut](https://forum.bigfishtackle.com/u/a_bow_nut)\ **Post date:** [April 2, 2020, 4:38pm UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/14 "2020-04-02T16:38:40Z")
The oil tankers running on Hwy 40 out of the Uintah basin have all but disappeared. But if oil can be bought at such cheap rates I think that there will be plenty for fuel. As the pandemic passes things will start to ramp back up as more people come out and businesses start opening the oil industry will have the ability to ramp up production to match demand. ---
**Author:** ![mtncat1](https://avatars.discourse-cdn.com/v4/letter/m/bcef8e/32.png) [@mtncat1](https://forum.bigfishtackle.com/u/mtncat1)\ **Post date:** [April 6, 2020, 12:31am UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/16 "2020-04-06T00:31:07Z")
> [@Joe\_Hill](#): > > $20 a barrel oil = $1 a gallon gas give or take depending on taxes. Prices are still extremely inflated. > > _“dubob” pid=‘1096949’ dateline=‘1585836044’ wrote:_ > > _“mtncat1” pid=‘1096939’ dateline=‘1585802125’ wrote:_ > > the problem is gas tax is over a dollar a gallon so gas can’t really go much cheeper > > Sorry - that’s just not true with regard to what we pay at the pump when we fill our motor vehicles. Were you perhaps refering to some other place taxes are applied to motor vehicle fuel? > > Utah adds 31.1¢ to a gallon of fuel ([Link](https://tax.utah.gov/fuel/rates)) and the Feds add 18.4¢ to gasoline and 24.4¢ to diesel ([Link](https://en.wikipedia.org/wiki/Fuel_taxes_in_the_United_States#Federal_taxes)). That’s a total of 49.5¢ added to the actual cost of gasoline and 55.5¢ added to the actual cost of diesel. You can argue the value to the country at those rates, but it isn’t even close to being over a dollar. 😉 > > you may be right bob , your numbers sound a little low to me ,but that dosen’t change my point ,a huge part of buying fuel is the state and fedral tax on it, and that it will quickly get to the point that the cost of production will be more of a factor in cost than the price of the crude oil . ---
**Author:** ![dubob](https://yyz2.discourse-cdn.com/flex028/user_avatar/forum.bigfishtackle.com/dubob/32/53733_2.png) [@dubob](https://forum.bigfishtackle.com/u/dubob)\ **Post date:** [April 6, 2020, 12:47pm UTC](https://forum.bigfishtackle.com/t/gas-price-going-down/318992/17 "2020-04-06T12:47:05Z")
> [@mtncat1](#): > > you may be right bob , your numbers sound a little low to me . . . > > Did you verify them as accurate by looking at the links I provided in my post above? > _“mtncat1” pid=‘1097121’ dateline=‘1586133067’ wrote:_ > you may be right bob , your numbers sound a little low to me ,but that doesn’t change my point ,a huge part of buying fuel is the state and federal tax on it, and that it will quickly get to the point that the cost of production will be more of a factor in cost than the price of the crude oil . > > I don’t know how tax rates are set for fuel. I can guess that they are inflation driven. They do change over time and a historical research will show the slowly increasing rate over time. But the tax rate isn’t governed by the cost of crude oil which fluctuates both up AND down over very short periods of time. Right now, my local Maverik stations are selling regular at $2.299/gal. So, the tax rate being added by the Federal & State agencies is equal to 21.5% of the total. If the cost at the pump drops to say $1.999/gal, then the tax rate becomes 24.7%. WHEN it goes back up to $2.999/gal the rate will be 16.5%. At $3.999/gal you get 12.3%. > > I DO understand the point you are trying to make. I just have a very hard time understanding why you think that the RATE of taxes added to fuel costs is HUGE. If the tax rate was 75% or more of the fuel cost, that would qualify as huge to me. But at less than one quarter of the total cost - nah. No disrespect intended mtncat1, but being an electronics engineer in a previous life made me look at all the facts and figures. Besides, what else am I going to do under this STAY SAFE, STAY HOME period? Good health & tight lines to you in the future. 🙂