The cheapest gas I remember buying was 22.9 cents and I know it was as low as 19.9 cents per gallon.

I did a little research and found that a barrel of crude oil in 1971 was $2.24. Even adjusted for 2013 prices the cost of crude per barrel was only $12.87.

The cost of crude oil today is a little under $31 which translates into roughly $1.65 for a gallon of gasoline.

I heard on the news that the price could fall to $20 per barrel which might translate into $1.25 gasoline.

Great for the Dodge Charger, but…

Not so good for the oil producers.

Why do I care?

Because when there’s too much oil (and there is) countries like Saudi Arabia, Canada, and Venezuela will continue to sell oil at bargain basement prices just to keep revenue coming in.

A couple of weeks ago congress passed and the president signed a law that allows the US to start selling crude oil to buyers outside the US and not just use it for domestic refining.

Again, great for the Dodge Charger.

But not good for the workers in the oil fields of North Dakota and Texas.

So the next time you fill your tank and you spend $30 instead of $60, be thankful for the extra coins in your pocket – but pray for the oil workers who may not have $30 to fill their tanks.

Blessings!

Pastor Mark