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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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1 Attachment(s)
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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