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.

sdandrea1

Still $3.15 here

Par4QC

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

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.

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.

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.

Sneakylong

Par4QC

We're up .10 cents ($3.29) here this morning.

sdandrea1

Par4QC I'd like to know why the huge discrepancy from my state to the others

It's because there's humans controlling it in a free enterprise country. Damn those humans!

Par4QC

10/6/2022 in Los Angeles!!

"The U.S. produces 18.8 million barrels of oil per day but consumes slightly more - 20.5 million barrels per day."

"Since 2018, however, the United States has been the largest producer of oil and gas in the world and a net exporter - the country exports more than it imports."

Even an idiot like me can figure out how to keep gas prices down in the U.S..

DonM

Par4QC What we don’t know is how much of that production would become unprofitable if you forced the per barrel price down by $30-40-50? The answer is, a fair bit of it. Then we’re back to needing cheap Saudi oil.

We could cut the price that farmers get paid for corn to $1 a bushel. After we got over the initial joy of cheap food, we’d be starving.

This is how communist countries have actually done it.

Walterjn

Not surprised about that price in LA.

Par4QC

DonM What we don’t know is how much of that production would become unprofitable if you forced the per barrel price down by $30-40-50?

Thing is, if we truly have been/are, the biggest producer of oil & gas in the world, why should we ever need to buy....from anyone, or worry about price? If I have to pay $5/gal., why should it be going out of the country?????

We do not need to worry about the 'price per barrel' if everything is being done here, on our soil. If it is $50 elsewhere and we are $80, why should it matter? OUR price for gas would have nothing to do with the prices in other countries. We are not going there to fill up!!

DonM

sdandrea1 Don’t forget taxes. Illinois is high tax.

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