Sunday, April 26, 2020

The new oil crisis

The crisis now is that oil prices are low and storage tanks are filled. Apparently that can lead to the price of oil being below zero. Right now in New Jersey you can get gas for about $1.80 or so a gallon. It will be interesting to see if the price of gasoline could go below zero.

You drive to the gas station. He fills up your tank. Then you give him your credit card. He deposits ten dollars to your account. You leave with a full tank of gas and an additional ten dollars on your credit card. I need to wash my mask.

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