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$ 3.12 for regular here yesterday.. $ 3.62 for 93 octane. I run my Denali 6.2, The Queen's Genesis GV70 (3.5 twin turbo), '76 Cutlass and the C 10...all on 93. The (2) modern vehicles are recommended to use Premium. Both the classics have ''built'' 350's so I would never consider using less than 93...wherever available.
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$5.09 a gallon for premium yesterday when I gassed up my T bird. I put in mid grade 89 it was only $4.93
I'm waiting for delivery of my F450. It's a diesel and I'm dreading the first fill up. I believe that it has a 48 gallon tank. That's going to sting. I only hope it shows up with a full tank but I seriously doubt that it will. WTH. It beats running out of gas. |
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Just reported on the news. Exxon and another oil company are on course to DOUBLE their profits this year. They have said many times their only obligation is to their share holders, not consumers.
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BOOG, this isn’t directed at you specifically please don’t take it as such, more an explanation of how oil/gas pricing work. Quote:
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"The price of oil dropped Thursday after President Joe Biden reportedly asked big oil buyers such as India and Japan - as well as China for the first time - to consider releasing strategic stockpiles of crude." :banghead:
https://www.dailymail.co.uk/news/art...-reserves.html |
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And, reportedly, he asked the FTC to look into whether big oil companies are inflating prices.
Also here we are hovering around 2.99 for regular this week. |
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While we are on the subject ;)
May I (Quote ) This Guy? Ya"ll may know him? Rainbow Stew Merle Haggard There's a big, brown cloud in the city And the countryside's a sin The price of life is too high to give up It's gotta come down again The world wide war is over and done And the dream of peace comes true We'll all be drinkin' that free bubble-ubb And eatin' that rainbow stew When they find out how to burn water And the gasoline car is gone When an airplane flies without any fuel And the satellite heats our home But one of these days when the air clears up And the sun comes shinin' through We'll all be drinkin' that free bubble-ubb And eatin' that rainbow stew Eatin' rainbow stew in a silver spoon Underneath that sky of blue We'll all be drinkin' that free bubble-ubb And eatin' that rainbow stew You don't have to get high to get happy Just think about what's in store When people start doin' what they oughta be doin' Then they won't be booin' no more When a President goes through the White House door Does what he says he'll do We'll all be drinkin' that free bubble-ubb And eatin' that rainbow stew Eatin' rainbow stew in a silver spoon Underneath that sky of blue We'll all be drinkin' that free bubble-ubb And eatin' that rainbow stew Eatin' rainbow stew in a silver spoon Underneath that sky of blue We'll all be drinkin' free bubble-ubb And eatin' that rainbow stew |
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Sure loved the Hag.
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I got around the region a good bit yesterday and noticed about a $.30 fluctuation in prices, all in the same state with the same tax. All this talk about the world and I see the games being played locally
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Yesterday at speed way
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$5.09 a gallon on 11/16. Yesterday at the same gas station it was $5.18.
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The prices are real high here. But, I'm going to stay in my corner and out of trouble.
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https://www.dailymail.co.uk/news/art...-stations.html |
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I will wade into this and say that a President has very little impact on gas prices short term, supply and demand does with a large part of influence by OPEC. The one thing a President can do is release oil reserves in the short term as the current President did and also the previous President did in 2019. As much oil and gas reserves we have in the US, middle east countries can produce a barrel of oil cheaper. They do not have to drill sideways under mountains or by peoples backyards. If OPEC wants to flood the market with cheaper crude then thats what they will do and was able to drive some smaller oil companies out of business. If OPEC wants to inflate prices they produce less oil. Also during the pandemic there was less need for gas and thus less truck drivers to fill those gas stations so many were laid off. It takes a special license to deliver fuel to gas stations and that caused a shortage in qualified drivers, another factor. Gas prices actually started to rise in May of 2020 once agian who are you going to blame, not the President but supply and demand with a helping hand from OPEC.
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But, overall it is a supply and demand thing. Oil field workers were laid off in 2020 and parts of 2021 due to the pandemic. Which had a HUGE # of normally commuting work force staying at home. Not to mention those that just flat out lost their jobs. Aviation fuels took a dive along with many other fuel based items. That's why your fuel prices dropped so much. Well...our economy has come back pretty hard and fast. Now production is up and people are back on the road and planes are flying. Those that want jobs seem to have them. It is always a vicious circle. |
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"President Donald Trump said Sunday he has authorized the release of oil from the U.S. strategic petroleum reserve after attacks on key production facilities in Saudi Arabia cut the kingdom’s crude production by half. Trump said oil would be released if needed to keep the market well supplied. The president also said that he has informed the appropriate agencies to expedite the approval of oil pipelines still in the permitting process in Texas and other states." Then, approximately 6 months later, in 2020, ordered all of the US Fuel Reserves to be "Topped-Off". BTW: Regular Gas today, here, is at $ 3.09. |
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“About 1.6 million barrels of crude from the U.S. Strategic Petroleum Reserve -- a monthly record -- was shipped out in October, according to data from market intelligence firm Kpler. Three cargoes were loaded onto a supertanker in the U.S. Gulf Coast and are headed to Asia.”
https://www.bloombergquint.com/marke...-mulls-release |
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Copyright © BloombergQuint "The White House has been mulling a range of options to ease soaring pump prices and Democrats are pressing for a potential ban on oil exports as well as the release of crude from the nation’s strategic reserves." The last paragraph from that article. Who are they pressing? Don't they have all the power? |
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The trucking issues are not so concrete. I'm thinking the Covid lockdowns had to be at least part of it. All it would take is some of them losing their trucks or businesses, enough of the older ones to just thrown in the towel and retire, etc. and the total volume of drivers drops. |
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This is the first post in this thread back in March:
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I'd say it's a little late for that.... Just my 2¢ worth. |
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But you know Leon, there isn't much of anything you can talk about that doesn't have some bit of government involvement in it some where along the line.
The key is being able to have a conversation about something without ending up throwing rocks at each other. ;) |
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The problem is, and you will notice it in this thread, that with every page the politics creep in a little more and get a little bolder. Before you know it the mods and administrators will have a full blown bashfest on their hands. I've seen it happen more than once. That is exactly why the Administrators have banned discussion about politics and the other topics that are not allowed. Since Tim is participating in this thread I will leave it up to him to moderate it. That's all I have to say..... LockDoc |
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:barn:If anyone needs me, I'll be in my corner....:exit::barn:
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Don't run off now. We may need a front man. :lol:
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Dale has left the building.....
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Well since I first posted this way back in March of this year we've made it to 10 pages of replies with a few hints and references leaning to the political side. Hope we can continue price postings across the country and not be shut down and sent to a corner. Believe me it's hard not to mention ones thoughts as to just what is the main cause of higher gas prices but really am hoping we can maintain the open thread without a shutdown.
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Just installed a dual tank setup in my 71 Suburban. I put 7 gallons in it and then drove to fill it up. At $4.69 a gallon for 91 it took 38 gallons and $190. That one hurt a bit
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Let's just keep with the original theme of prices and affects since it's hard to talk about the oil industry without it involving politics, these days or any other days. |
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So now we have Tim meeting Paul's standards.
I'm not sure gas prices are the biggest problem any more.:lol::lol: |
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gas last week was $1.46 a liter ($5.52 a gal)
then we had a massive flood after a foot of rain in 30 hrs, plus a bunch of snow melted off the surrounding mountains. ALL roads leading to our town were literally destroyed and food and gas ran out. our town was out of gas for 3 days, but i found one a-hole on the outskirts that had a bit of fuel left, and the money grubber was selling it for $1.65 a liter ($6.24 a gal) now go times $6.24 by the 40 gals in my crewcab......then i burned up half of it helping e-vac my buddy and his family. i got lucky, i'm right at the edge of the flood, him not so, his farm ended up 6-8 feet under water after the dike broke. we got him out as the valley was flooding. emergency personel weren't letting anyone into the flood, but they let me as they thought my truck might make it. i personally hope that this a-hole taking advantage of a disaster goes out of business after things go back to normal the guvment has put the southern half of BC on fuel rations, 8 gals a day till about dec 1 or 2. only good thing they did was force what little gas gets thru is mandate that it be sold at pre-flood prices... |
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