Gas prices

[Deleted member 47704]

I guess those folks that take extrordinary care of their cars so they last for a long time are destroying everything. Those that ruin their cars and need to replace often are the preferred citizens. Perhaps one should do the math on the energy required to build a replacement vehicle and consider all that is required from mining the ore to the final delivery.

I believe oil testing is going the extra mile.

 

[skeets]

Chillout lynnmor, you are going to find out the folks in here take better care of their cars truck and tractors than most do of them selves. And where the duce is red lion?

 

[Daren Todd]

the leaders actually do have some control over it. Indirectly.

We (drivers/vehicle owners) have control over it too.

See this every single day. Next time I'm taking a picture! At the school house in the morning and again at 3:00, line of a couple hundred SUV's, sitting there in the road, idling. Some of them get there in the afternoons at like 1:30 and sit there for over an hour & a half waiting for the rodents to get outta school. I went by there Thurs afternoon at 2:19pm and they were lined up already. It was cool and windy outside so I would imagine that they was all sitting there with the heaters cranked up, engine running (obviously) wasting fuel. Then once they're out, they run 2 blocks down the road, drop em off at soccer practice (or whatever), drive 4 blocks back the other way to the house, park, an hour later drive those 4 blocks back to soccer practice, sit and wait, then go to walmart, walk around and chat it up with your nextdoor neighbor for an hour in the middle of the aisles, buy $5 worth of stuff, drive back home, oh crap forgot to get milk...get back in the SUV again, drive the 0.7 mile back to walmart, get milk, back home. By now you've wasted 5 gallons (or more) of fuel in JUST those activities, not counting the work commute, or picking up the other kid from the other school and taking them to the other practice(s).

Lady down the road from me, her "car" (suburban) never sits. And it gets, what, 11 mpg tops? Next time I'm down there I'm gonna ask her how much fuel she goes through. I bet it's gotta be 2 to 3 tanks a week.

I buy one tank every 2 weeks. My little antique runs about 30mpg on average. Sometimes a little more, sometimes a little less. Turbocharged, so gotta resist the urge to "hear it spool" else watch the gas gauge drop. On that note many modern cars are turbocharged, and while they can get great mileage and make good power, you can't have both. Meaning, if you want to save fuel, you have to keep your foot out of it. Pretend there's an egg between your foot and the gas pedal. My old 2019 Mustang had a MPG gauge or bar graph (had both) that told you what the MPG was doing instantly. It averaged 38.3 mpg in the last month I owned it. Over 40 on the highway; but had to be below 70mph and the speed limit it 75. On that note, they raised the speed limits on the freeways here recently and the reasoning was that cars and trucks (especially trucks) will use more fuel therefore fuel taxes collected would increase

Point being, if we change our driving habits the cost will level off. But it's not likely we're gonna do that because it's inconvenient. We did it in what, 2008? No reason we can't again, rather tons of reasons we AREN'T.

I thought they raised the speed limit since people were getting passed in the breakdown lanes while doing 80+mph themselves

 

[jyoutz]

Of course, canceling/shutting down pipelines would have nothing to do with rising prices, nor would uncontrolled inflation.

Canadian Pipelines that were shut down have almost nothing todo with US gas prices. That oil was supposed to go to the gulf coast for export.

 

[lynnmor]

Canadian Pipelines that were shut down have almost nothing todo with US gas prices. That oil was supposed to go to the gulf coast for export.

Wouldn't that add to the global supply of oil and drive down prices worldwide?

 

[Biker1mike]

The information that I can find from what I consider reliable sources is all over the place on the why's and what's of this price increase. It ranges from lack of investment, Biden, the polar vortex, and lack of truckers to haul what in is stock. Wall street unrest is another area that moves prices with and without reason.
Jeese, I am too old to run out of gas and push the truck to the pump while in a gas line as I did during the 70's shortage.

 

[D2Cat]

Current prices here are Regular $3.18, road Diesel $3.59.

But get this: Lee Vining, CA.

 

[jyoutz]

Wouldn't that add to the global supply of oil and drive down prices worldwide?

Yes, but that tar sand oil that Canada wanted to export isn’t high grade and costs more to refine. That’s why US refineries won’t process it.

 

[ACDII]

Everything that President Trump had put in place to make America Energy independent which had brought oil prices down were eliminated on Jan 20th. The lack of people buying fuel during mid 2020-early 2021 were also the cause for lower prices as there were mass surpluses. If you look at the price of oil, starting after the election, the prices started going back up, and then really went up after the 20th.

Oil Price Charts | WTI, Brent and Natural Gas Oil Prices

Global Oil Prices | Discover The Latest WTI, Brent and Natural Gas Prices on Rigzone.

www.rigzone.com

start date August 1 to current.

 

[Nicfin36]

I am sure the price of gas going up is multifaceted. But, one thing that comes to mind is the waivers granted to many small refineries to avoid blending ethanol with their gasoline during the previous administration. Apparently. it is an extra cost and big burden to the smaller refineries. The new administration rescinded those waivers, at least early on. That certainly could not have helped gas prices. Ethanol for fuel is a joke IMO anyway.

 

[chim]

And where the duce is red lion?

About 4 hours East of Zelie
(Or mebbe Perryopolis)

 

[NHSleddog]

Yes, but that tar sand oil that Canada wanted to export isn’t high grade and costs more to refine. That’s why US refineries won’t process it.

Head in sand.

Newsflash! - THE TAR SANDS ARE STILL GOING TO THE GULF EVERY DAY OF THE YEAR.

They are just being transported on the Buffet Express - promised to him by Obama (canceled pipeline) and then the pipeline was canceled again under Joe.

Be honest.

 

[jyoutz]

Head in sand.

Newsflash! - THE TAR SANDS ARE STILL GOING TO THE GULF EVERY DAY OF THE YEAR.

They are just being transported on the Buffet Express - promised to him by Obama (canceled pipeline) and then the pipeline was canceled again under Joe.

Be honest.

I really don’t care what Canadians do with their oil and wonder why Americans get excited about a pipeline across the US that doesn’t benefit us.

 

[lugbolt]

oil is sold on futures.

Future of oil is in question.

remember we had a good bit of oil and gas exploration happening here in the states which helped to reduce demand on foreign. What happened? There's still wells, but some have been victim or moratoriums, some are shut down due to EO, and that sort of thing. A lot of it was on federal lands. With that in mind, the government was getting a premium on federal land leasing. Basically the government was hitting the drillers with substantial lease royalties, and an EO to shut those down also dramatically reduced royalty payments to the government. I have the actual estimate numbers of how much, but not in front of me.

When you reduce output and then have people still buying, you have a supply and demand issue.

When you have a supply & demand issue, and you have a government that places the future of oil into question, you have uncertainty in the market, which in itself demands higher pricing.

There's much more, and that's a very very basic idea.

Can I make a prediction? When reelection rolls around, they'll be saying "profits are sky high", and/or "gas is cheaper than it has been in years".....both of which may not be wrong, but the way they're used IS. I call it "playing the numbers"--something that many American's don't have a clue about, but career politicians certainly do.

Now I need to kinda contradict myself. Supply and demand. In 19 before pandemic fully hit, we were using as much oil/gas as we are today, but the price of it was cheap. What happened? Supply high? If so, who told producers (OPEC and others) to cut production back and what was the motivation? Perhaps the American oil producers were hurting, and need a price increase to get back on their feet? Will anyone ever know the truth? LOL--when you have a career politician in the white house that hired a bunch of gays, lesbians, crooks, liars, and a press secretary that condones his lies and deceit, the entire ordeal is laughable. And now, with the laughs, you can see the seriousness of why I didn't give him my support. It's not JUST the potus we have to worry about, it's who he appoints to where. Kinda like Holder running the IRS, and targeting conservative groups--that was brought to light briefly and then swept under the rug.

 

[NHSleddog]

I really don’t care what Canadians do with their oil and wonder why Americans get excited about a pipeline across the US that doesn’t benefit us.

Nice deflection.

Ask Buffet if there is a benefit?
Ask any of the workers along the line if there is any benefit?
Ask the refinery workers if there is any benefit?
And everyone downline from the refinery.

You made it sound like the pipeline didn't matter because the sand had no value. That is very wrong.

The pipeline is the safest and most economical way to transport that product (BY A LOT _ LOOK IT UP). That is what people have issue with. The product is still moving just on an unsafe rail with a much higher cost.

But that whole Canadian pipeline issue is a red herring. It is just ONE of the MANY bad polices that increase the price of oil.

 

[jyoutz]

Nice deflection.

Ask Buffet if there is a benefit?
Ask any of the workers along the line if there is any benefit?
Ask the refinery workers if there is any benefit?
And everyone downline from the refinery.

You made it sound like the pipeline didn't matter because the sand had no value. That is very wrong.

The pipeline is the safest and most economical way to transport that product (BY A LOT _ LOOK IT UP). That is what people have issue with. The product is still moving just on an unsafe rail with a much higher cost.

But that whole Canadian pipeline issue is a red herring. It is just ONE of the MANY bad polices that increase the price of oil.

I’m not deflecting at all. There is simply not much benefit to the US from Canadian oil that is destined for export. I live in the 2nd largest oil producing state. We have a $1.6 billion state budget surplus this year because of oil and gas production. We have lots of pipelines that transport oil from our wells to our refineries. All good. I’m not concerned what Canadians do with their oil and gulf coast refineries have more domestic oil than they can refine; much of that domestic oil is exported due to bad congressional legislation in 2018 that permits export. This export affects US gas prices more than any other factor.

 

[AndyM]

1) Policy does matter. (From https://oilprice.com/)

Biden Administration Halts New Oil And Gas Drilling Permits
PUBLISHED 9 HOURS AGO

2) The export issue is a red herring - yes some oil goes offshore but it still forms part of the overall supply.

3) As a Canadian I have to wonder why the US seems to prefer Saudi oil (given 911), Iranian Oil (we helped during the hostage situation) over a pipeline from your friendly neighbors from the north.

I worked most of life in the Oil industry for companies that included Dome, Amoco and Encana - my better half was Chevron. The Canadian industry was largely founded by US companies and grew from there. Good people, great places to work. The world will need oil for a long time to come - take a look at some of the new projects. Some folks just need to get there head out of the "Tar Sands".

 

[GreensvilleJay]

As a Canuck, I'm upset that we sell all. the BC coal 'offshore', that tarsands oil goes 'south' and WE can't sell OUR oil/gas to OURSELVES at less than 'World' prices. I'm old enough to remember the refineries in Oakville and when gas was around 60 cents per gallon,..now it's just over $7

 

[jyoutz]

1) Policy does matter. (From https://oilprice.com/)

Biden Administration Halts New Oil And Gas Drilling Permits
PUBLISHED 9 HOURS AGO

2) The export issue is a red herring - yes some oil goes offshore but it still forms part of the overall supply.

3) As a Canadian I have to wonder why the US seems to prefer Saudi oil (given 911), Iranian Oil (we helped during the hostage situation) over a pipeline from your friendly neighbors from the north.

I worked most of life in the Oil industry for companies that included Dome, Amoco and Encana - my better half was Chevron. The Canadian industry was largely founded by US companies and grew from there. Good people, great places to work. The world will need oil for a long time to come - take a look at some of the new projects. Some folks just need to get there head out of the "Tar Sands".

Oil production drilling rigs in the US have moved from other US locations to the Permian basin in Texas and New Mexico. They have done this because the oil is plentiful and cheaper to produce. Also this oil is better quality and cheaper to refine. Canadian oil was being exported, not refined in the US because refineries are not designed to use the tar sand oil, so it doesn’t add to US supply. There is no actual halting of oil production on federal lands. Most oil companies have years of leases that were issued and still not drilled. Nothing was stopped by the moratorium. US taxpayers were getting screwed by the lease fees on federal lands because the prices have not been increased in decades. Oil leases on state and private lands are far higher than federal lands.

 

[Biker1mike]

.... white house that hired a bunch of gays, lesbians, .....

So gays and lesbians are the problem !

Time to stop following this thread.