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Gas almost $7 a gallon

 
 
 
Gospel said:
I still think new Tesla's are over priced. I got mine used for $32,000. 2018 Model 3 Long Range AWD with 50k miles on it. Near perfect condition with premium white interior.
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I agree they are overpriced. I just got a used Fiat plug-in and it’s been nice not having to stop for gas! My car was cheap because it is an early one with only 70 miles range. But that suits me fine, I just bought it to commute to work and my commute is 13 miles round trip.

Now I only have to fill up the gas-powered car once a month or so for any trips out of town. And it’s been sweet haivng the price go down - (Brandon did that!) though last time it seemed like it was up a bit again?
 
southernhybrid said:
Elixir said:
southernhybrid said:
it's pathetic that his opponents are pretending he's as stupid and ineffective as TFG.
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It’s pathetic that ‘pugs can tell the MAGAts that Biden is as stupid and ineffective as Cheato, and the morons BELIEVE it!!
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And why did they blame Biden for gas prices when they were high, but now that gas is below 3 bucks a gallon, at least where I live, they aren't giving Biden any credit. Of course, those of us with half a brain know that the president can't control the price of a global commodity, but I guess the MAGAs and company only blame a Democrat when things are bad, but never given a Dem any credit when things improve.
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Republicans blamed Biden for high gas prices because he did exactly what he said he was going to do during his campaign. There are numerous occasions Biden is caught on camera saying he would do everything possible to kill the oil companies and promote green energy. And thats exactly what Biden has done. If you happen to be an oil company CEO you really can not invest in the future when the federal governement wants you to go bankrupt, all future exploration and drilling projects are put on hold. So when it comes to supply vs demand, most Republicans realize the economic reality that prices are generally going to go up when supply decreases (for whatever reason).

Gasoline prices are now temporarily going down now because the fed is artificially rising interest causing a recession also causing demand to go down too. If you give credit Biden for today's low gasoline prices you must also give him the credit for the recession most economists say we are either in or about to experience.
 
RVonse said:
southernhybrid said:
Elixir said:
southernhybrid said:
it's pathetic that his opponents are pretending he's as stupid and ineffective as TFG.
Click to expand...
It’s pathetic that ‘pugs can tell the MAGAts that Biden is as stupid and ineffective as Cheato, and the morons BELIEVE it!!
Click to expand...
And why did they blame Biden for gas prices when they were high, but now that gas is below 3 bucks a gallon, at least where I live, they aren't giving Biden any credit. Of course, those of us with half a brain know that the president can't control the price of a global commodity, but I guess the MAGAs and company only blame a Democrat when things are bad, but never given a Dem any credit when things improve.
Click to expand...
Republicans blamed Biden for high gas prices because he did exactly what he said he was going to do during his campaign. There are numerous occasions Biden is caught on camera saying he would do everything possible to kill the oil companies and promote green energy. And thats exactly what Biden has done. If you happen to be an oil company CEO you really can not invest in the future when the federal governement wants you to go bankrupt, all future exploration and drilling projects are put on hold. So when it comes to supply vs demand, most Republicans realize the economic reality that prices are generally going to go up when supply decreases (for whatever reason).

Gasoline prices are now temporarily going down now because the fed is artificially rising interest causing a recession also causing demand to go down too. If you give credit Biden for today's low gasoline prices you must also give him the credit for the recession most economists say we are either in or about to experience.
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The real deal is that Government officials have little impact on the economy, including the cost of gas. Biden is very effectively managing the oil reserves. But regardless, what bothers me is that the right blames Biden for all bad news, no credit for any good news.
 
RVonse said:
because the fed is artificially rising interest
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Interest rates are not a natural phenomenon, so lowering rates would be exactly equally "artificial". And artificial things are, generally, better than natural things - in the absence of the artificial, you would be dead in short order.

And of course, the Fed isn't arbitrarily raising rates, nor doing so for political reasons; They're obeying their remit and obligation to control inflation by raising interest rates when inflation exceeds the upper limit of their target range. Their actions are mechanistic, not political - they are responding like clockwork, and it is your suggestion that they shouldn't do so that constitutes a desire for unreasonable political interference.
 
Thread necromancy.

Anyone else's local gas prices dropped significantly since the election? Down about 25% here.
 
I have not noticed much of a change here. And according to this, the price has fallen less than 3 cents overall US-wide since then.

Must be some Michigan anomaly.
 
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www.pennlive.com

Why is gas at one station cheaper than another? It’s complicated

"When they pay more for gas, that’s when you see their prices go up at the pump.”
www.pennlive.com www.pennlive.com
In short, it's complicated.
Add to this, there are seasonal factors like winter additives. A lot of refiners shut down for maintenance once a year.
Not all refiners can take different kinds of crude. So, some is shipped further to be refined.
 
Last night I paid under $4/gallon for the first time since the height of the pandemic.
 
Was down into the 2.80s then bounced back up fifty cents the Monday before TG. Now it's back under three again.
 
Anyone complaining about gas prices just needs to be tough and work harder. That's what the American Dream you supposedly believe in is all about. Oh, and go fuck yourselves.
 
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GenesisNemesis said:
Anyone complaining about gas prices just needs to be tough and work harder. That's what the American Dream you supposedly believe in is all about. Oh, and go fuck yourselves.
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They also ought to look around a bit.
I did a quick google search on "global fuel prices at the pump".
The USA is really cheap. Australia is noticably more, China and Canada are half again as pricey. EU is generally about double the price.

That was the price last month.

Heh,
Americans griping about gas prices is ridiculous.
Tom
 
My state, Queensland, used to vie with Texas, USA for the lowest fuel price in the developed world.

Then some idiot in New South Wales decided that the NSW Government was acting unconstitutionally in taxing fuel - they argued, successfully, that such taxes were a right reserved to the Commonwealth.

So the NSW fuel levy was scrapped, along with similar levies in other states; And a federal tax imposed in its place. So now Queenslanders pay tax on fuel, because some numpty south of the border thought he could beat city hall.
 
TomC said:
GenesisNemesis said:
Anyone complaining about gas prices just needs to be tough and work harder. That's what the American Dream you supposedly believe in is all about. Oh, and go fuck yourselves.
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They also ought to look around a bit.
I did a quick google search on "global fuel prices at the pump".
The USA is really cheap. Australia is noticably more, China and Canada are half again as pricey. EU is generally about double the price.

That was the price last month.

Heh,
Americans griping about gas prices is ridiculous.
Tom
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One would naturally expect lower gas prices in a major oil producing nation, and we're the biggest of them all.

But personally, I think gas should be much more expensive, respective of the true cost of the industry rather than just market demand and tolerance and regulatory lenience. We spend 650 billion dollars a year subsidizing the petroleum industry, for ever declining returns and at the cost of whole states' worth of landscape. It's not future-minded. But since it comes out of our taxes rather than at the pump, the real cost of oil is "invisible" to the consumer, and instituting a more just and rational system would be electoral suicide. We're all getting screwed, but we like the way we're getting screwed.
 
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Politesse said:
One would naturally expect lower gas prices in a major oil producing nation, and we're the biggest of them all.
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Not by that much if you mean gasoline (stupid name that leads to confusion, but German "Benzin" is not much better because of confusion with benzene (Germans call benzene "Benzol" which is misleading since it does not have a hydroxy group, so what is the -ol suffix in aid of?), but I digress). Oil is a liquid that is easily and relatively cheaply transportable all over the world. The main difference with say European countries is high taxation.
With natural gas, however, there are clear price advantages to being among the top producers.

There is also the issue that US gets high on its own supply. Saudi Arabia has a much smaller population and can export vast majority of the oil it produces.

But personally, I think gas should be much more expensive, respective of the true cost of the industry rather than just market demand and tolerance and regulatory lenience.
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I agree that we should have a carbon tax that would increase cost of fossil fuels, including oil derivatives such as gasoline and diesel. However, that is very unpopular politically. As much as Biden administration shifted to the left, even they balked at proposing a carbon tax or even an increase of the federal gasoline/diesel tax. And Democratc-controlled states like Washington want to replace the state gas tax with a road usage charge. Worst thing about the proposal is that it is a flat fee per mile regardless of how much the vehicle pollutes or how much it weighs (axle load directly impacts how much a vehicle damages the roadway, and the impact is by 4th power, not linear!) Why Jay Inslee was considered a climate champion escapes me.
We spend 650 billion dollars a year subsidizing the petroleum industry,
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[citation needed] for that. And please consider, subsidies that apply to all similar industries and are not special to petroleum industry do not count as "petroleum industry subsidies". I.e. if there is a government program for all businesses with less than 50 employees (as an example) it is not a "petroleum industry subsidy" if a wildcatter outfit can claim it.
for ever declining returns and at the cost of whole states' worth of landscape.
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What do you mean by declining returns? It is true that easy oil deposits have been long since sucked dry. But we still need large quantities of oil, and will for some time. Even if Kamala Harris had been elected and pushed for EV adoption nationwide, we would still be needing oil-based fuels into the 2050s. Now, it's going to be even longer.

As to landscapes, with modern drilling technologies like horizontal and maximum reservoir contact wells the above ground footprint is lower than it was in the past.
 
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TomC said:
Heh,
Americans griping about gas prices is ridiculous.
Tom
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Americans also drive more miles on average. A combination of a large, spread out country and underdeveloped transit and regional rail.
PCMT-US-just-driving-no-legend_0-scaled.jpg

I wonder why Icelanders are driving so much.
 
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