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Originally Posted by BlueSunoco
$1.97 around the Illinois Quad Cities.
$1.79 around Peoria area and about $1.75 in Iowa (Ia has less tax than us)
CEO of Shell was on news Wed. said 'Don't be comfortable with these prices. It will go to over $5.00/gallon in six months time and not come back down.' I suspect that is what they(oil companies) WANT to happen but Fox Business News says prices should stay down here at least until Fall of 2015, probably into 2016. They said the Bakken oil reserve in the Dakotas are soon going to make the U.S. the world's largest oil producer.
The Germans and Japanese are still working hard on electric and hydrogen powered cars. Good to have competition with oil.
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I can assure you that oil companies don't want low prices. You think they want low prices? Dream on that they can somehow manipulate anything.