There's more talk about $4 or $5 a gallon gasoline this spring, right around the time that we take another 6,000+ mile trip to the East Coast, and, with some of the lowest prices in the nation here in Montana, I wish there was a way to strap on a couple of 75 gallon tanks to the car for reasons that should be clear from GasBuddy's Gas Price Heat Map below.
Signs indicating $2.99 per gallon or below are a common sight around here.
Amazingly, crude oil was recently selling for just $70 a barrel at the Clearbrook, Minnesota distribution point due to the growing production of Bakken shale oil in this part of the country combined with few alternatives for transporting the stuff to other states. The much talked about Brent-to-WTI spread has recently moved back toward $20 a barrel, but the Brent-to-Clearbrook spread now sits at almost $50!