Gas Prices, am I right?!

DonM · 2022-09-07T21:14:46+00:00

I can't find the other thread. Last Tee problems. Anyway I saw a few places today in north Texas at 295.9. Yay.

LBlack14

propman Is gas inexpensive anywhere in the world?

I remember a time, not so long ago. 🙄

propman

Guess the answer to where is gas cheap? Saudi, maybe.

Par4QC

Gas in Saudi Arabia is $.62/liter....about $2.65 gal.. USD. Not all that cheap when you consider everything.
Russia is about $3.32/gal..
Hong Kong is almost $11/gal.!! Not liter, gallon.

The cheapest gas in the world is in the country with the most oil reserves in the world, which is nowhere close to The Middle East.

Venezuela has gas at a whopping 7 cents/gallon. Because the 'people' own it. Not the country or some corporation(s).

Walterjn

Par4QC $2.65 a gallon sounds damn good to me right now...

DonM

Par4QC Venezuela has gas at a whopping 7 cents/gallon. Because the 'people' own it. Not the country or some corporation(s).

That’s $3 a barrel for exploration, production, refining, distribution, and retailing. The true costs of those in Venezuela probably add up to $40. If the people own it, the people are losing money.

Ack8236

mikeintopeka This administration took our oil reserves and sent it overseas.

That's not what your linked article states.

Walterjn

Ack8236 HOUSTON, July 5 (Reuters) - More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month,

propman

Oil companies and their stockholders are in no rush to lower prices by increasing output. They still remember the 1st half of 202O.

Par4QC

propman OPEC is cutting production. Wayyy down. Prices will be wayyyy up. Higher than ever, because, well, we kinda know why.

sdandrea1

Still $3.15 here

Walterjn

Par4QC because we here in the States are no longer energy independent....

Sneakylong

Par4QC

I heard an economist say it could be ~ .20 cents higher. I'm sure that doesn't account for gouging though. But we shall see.

colej

Walterjn

No we are not. We bend to the knee of the Saudi’s for oil. You know the same people that back the LIV tour that most here are up in arms about.

propman

Energy independent?
Please read following.
https://www.forbes.com/sites/rrapier/2022/10/01/us-energy-independence-has-grown/?sh=3863755a657e

Walterjn

propman interesting read. Thank you.

raggmann54

Sneakylong
Already $.20 higher in Western Pa. since last week...The cut back by the Saudi's is going to be 2.5 million barrels per day...That will be significant in terms of our price at the pump...The 10 million additional barrels from the Strategic Oil Reserves just announced will used up in 5 days or less and have zero effect on prices...

Par4QC

Sneakylong They are only talking about cutting by 2M barrels/day. The U.S. can EASILY make that up. IF......

Par4QC

Sneakylong I heard an economist say it could be ~ .20 cents higher.

That person needs a new abacus! Already +.60 here.

And that "U.S. average" is the stupidest thing anyone could ever put on the news. Who TH is driving around all 50 states, in order to enjoy "the average"?? I drive in 2 some weeks, which is probably 1 more than the majority. I really do not care what the price is in CA or VA.
I'd like to know why the huge discrepancy from my state to the others, that can sometimes be $1/gal., or more. Just across the bridge even! Taxes don't make up all that difference in prices.

Sparky

Little bit of a shock yesterday. Filled up my tank on the way to the airport, $6.49 in SoCal. Flew to N. Carolina, $3.49. I should have brought my car here.

propman

The shit head in Russia ain't helping matters either.

sdandrea1

propman The shit head in Russia ain't helping matters either.

I wonder how much longer he'll be tolerated.

propman

sdandrea1 the longer he is breathing, the more treacherous the world may be. He is the cream of scum.

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