US oil and gas boom benefits consumers

Albuquerque Journal ^ | 11/17/13 | Kevin Robinson-Avila

[tightoil67]

After years of steadily rising prices, “low-cost fuel” may seem like an oxymoron.

But thanks to a steady surge in domestic oil and gas production, energy experts say consumers could enjoy inexpensive gasoline and natural gas for years to come.

MAP MASTER“The outlook is for a low-cost energy economy in the U.S.,” said Daniel Fine, associate director of the New Mexico Center for Energy Policy, which is run by the New Mexico Institute of Mining and Technology in Socorro. “This is a long-term trend, not an isolated event, and it’s something almost revolutionary.

[tightoil67]

The country’s newfound oil and gas boom, made possible by modern drilling technologies, has helped keep gasoline prices well below the $4-per-gallon peaks that consumers faced just a few years ago. It’s also driven home-heating bills to record lows since 2009.

Now, with production still climbing fast, Fine and others say natural-gas prices will remain moderately low for another five to 10 years at least. And gasoline prices likely will continue to fall into 2014, before stabilizing at somewhere above $2 per gallon for the foreseeable future.

“I believe gasoline will reach $2.35 a gallon or less quite soon, within a year at most,” Fine said.

[Bigh4u2]

And yet, the price of gas is still rising in my area.

$3.65 a gallon as of today

Up from a low of $3.49 a week and a half ago.

[Johnny_cash]

“I believe gasoline will reach $2.35 a gallon or less quite soon, within a year at most,” Fine said.

I wish he would not have said that!

Seems every time some one says gas will go down in price the opposite always happens!

Here in PA they want to add 25 cents more per gallon to fix roads.

[WinMod70]

Home heating was $3.55 yesterday, brutal.

[crusher2013]

We’re going to need those savings to pay for Obamacare...

[Zuben Elgenubi]

Gas consumption in the USA is HALF of what it was 5 years ago. Gas should be a buck a gallon.

[muffaletaman]

Where is your area?

$2.89 here near Houston, Texas, $2.88 a gallon according to friends in Utah, $2.88 in Shreveport, La., $2.89 in Little Rock...

Prices have been dropping in most places...

[SVTCobra03]

Why is it that all the gas stations in my area that used to offer non-ethanol gasoline now have only ethanol gasoline?

[A Formerly Proud Canadian]

Nice! In Edmonton, where they refine what the oil patch produces, factoring in the exchange, it is $3.45/gal (USD & US gal) or 96.9¢/litre, cheapest in Canada. The difference must be in Federal and Provincial tax versus US fed and State taxes.

[bicyclerepair]

$3.24 was the cheapest I could find.

Was at a Seminole gas station in Hollywood FL.

The 711 by me is $3.45

[VideoDoctor]

US oil and gas boom benefits consumers

Price at the pump still at $3.00 plus a gallon. SO how is the average consumer being HELPED?

[Bigh4u2]

Upstate New York.

Rochester area.

[RWB Patriot]

“I believe gasoline will reach $2.35 a gallon or less quite soon, within a year at most,” Fine said.

He don’t know government very well, do he?

[Teacher317]

Gas consumption in the USA is HALF of what it was 5 years ago.

Source?

[Teacher317]

[Teacher317]

Or did you mean natural gas? Nope.

[American Constitutionalist]

And ? in spite of the fiscal and deliberate destruction of America's economy by this regime’s policies the new oil boom is helping to keep America's economy afloat.

[American Constitutionalist]

Now if those liberal yoots environmentalist were to actually ride a bike to work, or walk to work that they preach to us all the time that consumption would be cut in half even more.
Don't let the liberals fool you they love their nice cars, I-phones, modern conveniences as much as us evil right wingers..... it's just ? that they don't want to let the cat out of the bag and admit it.

[muffaletaman]

New York. Upstate even. You have my sympathies...

;-)