$5.09 in Columbus, Ohio.....where is the breaking point?
(media.greatawakening.win)
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I work alongside the gas/oil industry in Texas. Our prices for unleaded currently are around $4.50/gal average. I haven’t seen a slow down in hiring people to work the fields. So something is afoot.
And to add, I’ll know more in the coming months about the work force aspect of Texas/New Mexico rigs. The summer months are the busiest for hiring guys out in the field. Going to see the change, or lack thereof in the next month.
Completing a well in Big Springs at the moment. We need to hire 30+ people for a new fleet.
Just ran the #'s. We have used $1.8 million worth of diesel to frac the 5 wells on this pad.