The pain is over as to HK. If I can stand a drop from 7.50 to 1.50, the continued fall to 0 will be humorous for me. Let's go to 10 cents so I can load the boat.
The only credible person on the show is Rick Santelli, and he stays away from stock picking. Just Fed Policy and Treasury Notes and Bond reasoning.
16 cents for 1/10 of a gallon ethanol, not 45 cents, so 54 cents plus all the fixed costs to get it to our trucks and cars. And the Service stations got to make a dime too.
As for taxes, I think they are fixed at 38 cents until voted on by the state. Mandated Ethanol is flying right now, at 1.60/gal. So there is +-45 cents total. Refiners will get their money, at least 15 cents a gal due to overhead, maybe more Then they have to truck it for at least a nickel/gal: I figured 10 cents. I would say that if Oil is worthless, we still pay a dollar, sort of like water. Crazy
Gasoline will still cost around a buck/Gal. In Texas, taxes are $0.35. Refining cost around $0.20, Transportation of product $0.10. XOM refining profit $0.15/gal, Gas Station profit at 0.10/gal. And also Ethanol at 0.15/gallon, figuring 10% E. Just saying; they could give the Oil away, and we will still pay over a buck.