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Crude is Trading Negative?

Crude is Trading Negative?

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R
Standard memberRemoved

Joined
10 Dec 06
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8528
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20 Apr 20

https://business.financialpost.com/commodities/energy/oil-drops-to-21-year-low-with-storage-filling-as-demand-shrivels

shavixmir
Lord

Sewers of Holland

Joined
31 Jan 04
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89737
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20 Apr 20

Wooo hooooo

E

Joined
12 Jul 08
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13814
Clock
20 Apr 20

@shavixmir

90 percent of your fuel cost is taxes, so you will not see a huge drop.

shavixmir
Lord

Sewers of Holland

Joined
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89737
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20 Apr 20

@eladar said
@shavixmir

90 percent of your fuel cost is taxes, so you will not see a huge drop.
Petrol’s not been as cheap as this in the Netherlands for decades.

To add a touch of irony, the Dutch government has lowered the speed limit from 120/130 to 100 during the day...

So cheaper petrol... and lower fuel consumption!!!
Wooooo hoooooooooooo

Road trip!

Oh. Yeah. That.
Well, it just goes to show... the oil industry never does anything right!

no1marauder
Naturally Right

Somewhere Else

Joined
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42677
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20 Apr 20

@eladar said
@shavixmir

90 percent of your fuel cost is taxes, so you will not see a huge drop.
Not even close; combined Federal and State taxes on average are about 50 cents a gallon. https://www.eia.gov/tools/faqs/faq.php?id=10&t=10

E

Joined
12 Jul 08
Moves
13814
Clock
20 Apr 20

@shavixmir said
Petrol’s not been as cheap as this in the Netherlands for decades.

To add a touch of irony, the Dutch government has lowered the speed limit from 120/130 to 100 during the day...

So cheaper petrol... and lower fuel consumption!!!
Wooooo hoooooooooooo

Road trip!

Oh. Yeah. That.
Well, it just goes to show... the oil industry never does anything right!
In the US fuel prices would never stop you from road trips.

k
Flexible

The wrong side of 60

Joined
22 Dec 11
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21 Apr 20
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@eladar said
In the US fuel prices would never stop you from road trips.
Yeah we just call it going for a drive, good news about the fall in the consumption of oil though. Perhaps these regular deadly viral outbreaks are part of Gaia’s natural defences.

K

Germany

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21 Apr 20
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@no1marauder said
Not even close; combined Federal and State taxes on average are about 50 cents a gallon. https://www.eia.gov/tools/faqs/faq.php?id=10&t=10
Not in the Netherlands though, where petrol taxes are over half of the price.

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