Cheap Gas...

By
Mortgage and Lending with US Mortgages - David Shamansky NMLS#392126

Cheap GasYeah there are some things that are too funny to pass up on and others that have a counter side that never gets spoken of.

When at the pump the other day I saw this and was like DAMN gas prices have fallen and that's a good thing for all of us buying gas to fuel our cars and trucks.

Then it hit me that there is a negative side to this however. Many companies have stopped producing the crude oil for refinement due to the prices being so low they cannot make enough money to stay in business. That puts them and all workers out of jobs

When I saw how cheap the gas was I also thought about our leadership... like cheap gas it may look good on surface but there is a lot of stank behind the scenes that many don't know about or ever get the press it deserves to hear about it.

We are a country filled with Cheap Gas???

Hopefully we can hear both sides of a story to make an educated decision and not just the one side some believe is all we are smart enough or need to know.

Just a thought...

Posted by

araward

Colorado 1st Time buyers, if you are ready to stop renting, get the many benefits from home ownership, or maybe your a current homeowner looking to move up or maybe looking into what it takes to become an investor in this incredible market, that WILL create millionaires, and you are looking for a strategy, answers and direction, please feel free to call or email me. My 22yrs in mortgage lending and 30+ years in finance gives me an in depth knowledge, critical to helping others and making their dreams go from dream to reality!

David Shamansky
"Positive reinforcer, promoter, success coach, entrepreneur, team builder, wealth builder, blessed individual, business leader and professional lender"

US Mortgages
6855 S Havana St Ste 520
Centennial CO 80112
720-524-8020
NMLS#392126
Equal Housing Lender

*photos used may come from my personal pictures or www.freedigitalphotos.net

 

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Rainmaker
587,519
Pat Starnes-Front Gate Realty
Front Gate Real Estate - Brandon, MS
601-991-2900 Office; 601-278-4513 Cell

It's true. I filled up today for less than $18.00, but there are many who work off-shore that have been laid off.

Nov 19, 2015 07:36 AM #1
Rainer
46,667
RealtyTech Inc.
Real Estate Technology and Marketing - Thousand Oaks, CA
Premium Websites/IDX/Marketing for Realtors

Wow, thats REALLY cheap gas!! Here in CA, we are thrilled with our $2.79! But its good to think about why and what this means for our economy and the oil industry. 

Nov 19, 2015 07:37 AM #2
Ambassador
2,192,409
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

We haven't dropped below $2/gallon. I know what you are talking about ...the negative side to it all. It's a shame. 

Nov 19, 2015 07:40 AM #3
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Anna Banana Kruchten Broker, CRB, CRS
HomeSmart International - Phoenix, AZ
602-380-4886

David as we know it's tied to our economy big time.....we'll see what goes on next. Low prices are good but there is a down side as well.

Nov 19, 2015 07:43 AM #4
Rainmaker
4,742,425
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

David,

Like RealtyTech Inc. we are delighted that the premium is at $2.69 with car wash.  It is really a good thing for a lot of the industries, airlines, trucking etc can stock up.  CA has a lot of taxes on top of the gas.  A

Nov 19, 2015 07:59 AM #5
Rainmaker
3,351,936
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello David,  Love it that it does not take $50 to fill up anymore for awhile.

Nov 19, 2015 08:15 AM #6
Rainmaker
4,270,297
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

David, there is definitely another side.  Sold a custom home to a family who was employed by a oil company.  Hasn't worked in months, and probably will need to sell early this coming year.   Both sides of the coin.

Nov 19, 2015 09:24 AM #7
Rainmaker
1,709,587
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

The price of crude certainly has effected things here as we have been the latest oil boom in the US. Lots of layoffs and drilling has almost come to a halt David Shamansky . Last year I did a post suggesting a choice at the pump of foreign oil at one pump or US oil at another for a dollar more. You would think I suggest killing the Pope as hostile as people were for my suggesting it.

Nov 19, 2015 09:57 AM #8
Rainmaker
3,985,335
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Good to see...has allowed me to catch up on my credit cards quicker.

Nov 19, 2015 11:13 AM #9
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

David- that's it exactly.  With the price of oil being driven so low by those over there, many of the o&g companies here can no longer afford to drill.  They will go out of business, and the big producers will stop or slow down, and then guess who we will become, once again, dependent upon for oil.  We have to look beyond the short term gain. 

Nov 19, 2015 11:26 AM #10
Rainmaker
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Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

That really is cheap gas, David, not like our California prices at all. You touch on an important issue, though; what's good at the pump isn't necessarily all good.

Nov 19, 2015 12:26 PM #11
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Kristin Hamilton CA Realtor
Sun Lakes Realty - Banning, CA
(909) 557-6966- Specialize 55+ Communties Banning

Hi David Shamansky 

As all the other comments above from other CA Realtors, our gas is still $2.75 for regular here in southern CA. I always hear on the news how everyone else's prices are low and the Inland Empire is 10-15 cents more. Still I can remember a few months age when the Shell down the street was a $4.89 per gallon. OMG!

Nov 19, 2015 01:05 PM #12
Rainmaker
807,667
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

David - I am a firm believer that there are people in our government, and in the media, that only show and tell us what they want us to know. There is a lot of stuff going on behind the scenes.

Nov 19, 2015 02:53 PM #13
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi David - It's a very complex situation, and among the effects, it has certainly affected some geopolitical power bases. Another upside is that it isn't going to cost you so much to drive up here - we can spend your money on better beer.

Nov 20, 2015 04:19 AM #14
Rainmaker
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Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha David, excellent observation. It's amazing how complex the world has become and how somethings seem to be a boon but there is usually a catch.

Nov 20, 2015 11:12 AM #15
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is a good reminder that there is often a bigger picture to consider.

Nov 21, 2015 01:14 AM #16
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Robert Vegas Bob Swetz
Las Vegas, NV

Hello David ... I have to agree that the gas prices are actually very reasonable and I believe they could even be lower!

It's so sad that Big Oil Companies continue to rape the American Citizens, and don't be fooled by these low gas prices and think they will be like this forever.

Many Americans are purchasing electric cars and the oil companies don't like it so they continue to keep prices down 

My next car in the next 2 years will be ELECTRIC 

Nov 21, 2015 02:08 AM #17
Rainmaker
1,259,400
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Prices here in the Chicagoland area are not anywhere near that low price, David Shamansky ... taxes, etc. prevent it.  Prices ARE down though ...

Gene 

Nov 23, 2015 03:19 AM #18
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I filled up yesterday for $1.65 at Sams Club.  Haven't seen that in a while. 

Nov 24, 2015 12:41 AM #19
Rainmaker
432,374
Shanna Hall
Real Estate Solutions - Kirkwood, MO
I love selling houses!!!St. Louis, MO 314-703-1311

Just bought gas for 1.69 a gallon this morning- Gas going up means a lot of minimum pay workers are limited- the economy is better with lower gas prices.  It lowers the price of goods, vacationing, and most expenses.  I truly believe that gas had a huge impact on us in 2008 when we crashed- it made it to a minimum wage worker worked for an hour for 2 gallons of gas...  That is a rough way to live.

Dec 01, 2015 02:13 AM #20
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