gas price thread

[dnmun]

gas is being shipped to the west coast from korea to cover the losses from the refinery shutdowns. that has helped prices on the left coast.

crude made a new low at 42.03 this morning.

 

[Routybouty]

Price yesterday $2.04, price today $2.39. Didn't care much as I drove by in the Volt 8).

 

[The fingers]

Regular $2.99 per gallon, Supreme $3.19 per gallon, down 6 cents each over two days.

 

[The fingers]

Both grades down another four cents each gallon.

 

[dnmun]

$2.47 cash but only one place over here

 

[The fingers]

Both grades down a big penny overnight.

 

[dnmun]

if saudi decides that iran really is gonna cooperate with the inspectors and they can work a deal that allows saudi to not fear they will be able to breakout then they might decide the pumping has gone on long enuff and then see if the russians will go along with a cut and i bet by now all the other members of opec will bend over backwards to cut, just as much as saudi says.

so instead of a world flooded with iranian oil as is expected, all of the opec members will cut back along with russia and that will spook the shorts. we could be back to $4 gas in 6 months if the world changes as much as it has in the last 6 months.

the general expectations of the shorts is that iranian oil will be what pushes us down to $30. but instead we could have an implosion of short covering back up to $100 in the panic.

we have now lost half the drilling rigs working this time last year. 1/2 remain. shale production is already dropping and US production would already be down except for several large off shore projects which just came onto production. that is where the $4 gas comes from. lack of production to meet growing demand because of all the fat cars sold. truck sales up 11% in feb.

it is complicated. i am praying for $6 gas yet.

 

[The fingers]

http://losangeles.cbslocal.com/2015...gs-prompt-questions-about-californias-market/

 

[The fingers]

Each grade down another 6 cents per gallon today.

 

[The fingers]

$2.85 per gallon for regular, $3.02 per gallon for supreme.

 

[Hillhater]

Surprisingly... The price is steadily creeping up over here, almost back to 2014 prices .???
Up 40% on January prices.
Lots of excuses, but no sound reasons.

 

[cal3thousand]

Surprisingly... The price is steadily creeping up over here, almost back to 2014 prices .???
Up 40% on January prices.
Lots of excuses, but no sound reasons.

I've been noticing that a bit. I've been riding my bike a lot more with the time change, so I don't fill up as often. But when I do, it's higher every damn time.

 

[The fingers]

Supreme only up 3 cents overnight.

 

[The fingers]

Regular $2.79, Supreme $2.99.

 

[dnmun]

$2.37 a week ago now.

 

[The fingers]

Regular $2.90, supreme $3.10 per gallon. :x

 

[Routybouty]

I noticed about a year or two ago, the places around here only advertise the regular price. It used to be they advertised all 3 grades and they were almost always $.10 apart. Now each grade up is about $.15-$.25 higher. Has anyone else noticed this?

I don't care too much, I haven't bought gas since late February and I drive 275mi/week :lol:.

 

[The fingers]

Both grades up 3 cents overnight. :x

 

[striider]

Just saw a .20 rise over the last few days. 2.49 a gallon here in Denver area.

 

[LockH]

"Big Oil’s Latest Fear: A Price Shock After Spending Cuts"
http://www.bloomberg.com/news/artic...-a-price-shock-after-spending-cuts?cmpid=yhoo

"Oil production decreases due to spending cuts and decline from aging fields, combined with demand growth, are likely to push prices higher in the next six months to two years."

 

[cal3thousand]

"Big Oil’s Latest Fear: A Price Shock After Spending Cuts"
http://www.bloomberg.com/news/artic...-a-price-shock-after-spending-cuts?cmpid=yhoo

"Oil production decreases due to spending cuts and decline from aging fields, combined with demand growth, are likely to push prices higher in the next six months to two years."

Add that to the fact that once the average 'investor' starts to get wind of barrel prices rising, they will speculate the crap out of it and accelerate that rise.

 

[The fingers]

Regular and supreme both up five cents per gallon.

 

[cal3thousand]

Regular and supreme both up five cents per gallon.

I hope the price of gas goes up! Then maybe we'll get more serious about our addiction to it. I saw that the increase in tobacco taxes really helped curb smoking. It definitely helped me to quit.

If gas were $10/gallon with most of it going to taxes that were locked into fixing our ailing infrastructure and provide safer lanes for bikes, MUCH more biking would happen, making the roads safer for us.

 

[dnmun]

up another 2% here this week. i cannot believe the number of hybrids and EVs i am watching appear out of nowhere on CL for sale.

honda insights which were $6-7k just 7-8 years ago are now marked down to $2-3k. ford has laid off a shift of EV workers, chevy has stopped volt production, used Leafs for <$12k and people are trading in hybrids for SUVs. fat truck sales up 12%.

i can see gas prices in this range for another 2 years so by then there may be a lot more options to find a production EV or hybrid dirt cheap.

 

[cal3thousand]

up another 2% here this week. i cannot believe the number of hybrids and EVs i am watching appear out of nowhere on CL for sale.

honda insights which were $6-7k just 7-8 years ago are now marked down to $2-3k. ford has laid off a shift of EV workers, chevy has stopped volt production, used Leafs for <$12k and people are trading in hybrids for SUVs. fat truck sales up 12%.

i can see gas prices in this range for another 2 years so by then there may be a lot more options to find a production EV or hybrid dirt cheap.

Sweet! Just in time to grab one before the upswing in prices. It's like when the housing market crashes and you have money to invest.