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Gas prices


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2019 Jan 4, 6:13pm   5,170 views  36 comments

by Heraclitusstudent   ➕follow (8)   💰tip   ignore  

June 2008:
- Oil ~$150
- Gas ~$4

Jan 2019:
- Oil <$50
- Gas ~$4


... falling from the OPEC cartel frying pan into the oil refiners cartel fire?

« First        Comments 16 - 36 of 36        Search these comments

16   Goran_K   2019 Feb 16, 9:14am  

REpro says
I am getting sick and tired of seeing California plates here because I know that they fucked up their state and are now here to fuck up my state.


It's happening now.
Not only Californians', but also Illinoisans' or New Yorkers' bringing Democratic poison mentality to TX.


The amount of California plates in Arizona and Nevada is startling these days.
17   Shaman   2019 Feb 16, 9:26am  

Sorry but the gas prices in California are not mostly due to unionized labor. They’re due to political deals and corporate cronyism, mixed with sky high fuel taxes on every step of the process. Oh and also an artificially low fuel supply enabled by more California politics and environmental regulations. Put all those together and we get an extra couple bucks. We aren’t Europe yet, but it’s moving that direction! At some point, it may be more profitable to smuggle in gasoline from Nevada than cocaine from Mexico!
18   anonymous   2019 Feb 16, 10:15am  

Quigley says
Sorry but the gas prices in California are not mostly due to unionized labor


Tis true. My knowledge of the California market is far more than you suspect. The past and current pain threshold before people become unhinged is $4.00 per gallon but it can ride up to $5.00 per gallon on average before anyone in politics or their cronys really has to worry.

The public whining when the price goes above $4.00 is tolerable nuisance and a cost of doing business but it gives the local media something to do with another round of why are gas prices too high stories.

Anyway California and beyond - should these guys start going out of strike leaving management to run the facilities - watch out.

Should they actually shut one down (unforeseen human error you know) and muck it up a bit - even more pain for the consumer.

Even a moderate curtailment in supplies will show up within hours at the pump, just go back to the little energy release in L.A. a few years back, the speculators can smell blood in the water better than a shark.

And of course just like when one of the local Longshoremen's union pulls a work slowdown or wildcat strike - these guys can put a really yuugge hurt on the economy and they rarely cave like Potus.
19   anonymous   2019 Feb 16, 10:18am  

thenuttyneutron says
now here to fuck up my state.


Didn't Ted Cruz, Tom DeLay and the Bush family already do that along with Kenny Boy, Joel Osteen etc ? Thought that was a done deal that the state was fucked up.
20   anonymous   2019 Feb 16, 10:19am  

Quigley says
At some point, it may be more profitable to smuggle in gasoline from Nevada than cocaine from Mexico!


Wait until you pay more per gallon of water than gas - than you can really complain.
21   anonymous   2019 Feb 16, 10:22am  

Giving me dislikes isn't going to change anything - get ready to pay more and enjoy that yuugee middle class tax cut you got from the GOP.

Whatever you got back is gone as soon as you go to buy something since the increase in consumer products, utilities, etc. offset anything a middle class tax payer got back.

Don't be jealous you do not have a high paying union gig like the OCAW members, Steelworkers Union members at the Refineries or the Longshoremen's Union.
22   anonymous   2019 Feb 16, 10:32am  

Having fun yet MLTC ?
23   Bd6r   2019 Feb 16, 10:45am  

Kakistocracy says
Didn't Ted Cruz, Tom DeLay and the Bush family already do that along with Kenny Boy, Joel Osteen etc ? Thought that was a done deal that the state was fucked up.

Then why damned Yankees and Blue state inhabitants are moving to TX in droves? For a better, more humid and swamp-like climate?
24   SunnyvaleCA   2019 Feb 16, 11:29am  

After making the mortgage or rent payment here in silicon valley and then paying income taxes, I'm numb to any other costs.
AAA has a nice gas price part of their website: https://gasprices.aaa.com/?state=CA . Looks like "regular" fuel is $2.30 national average; California is $3.27 average. San Francisco is $3.71; San Mateo is $3.41; Santa Clara is $3.28 .

Mono County price is $4.15, but that's out in the middle of nowhere (death valley); right next door to that is Tuolumne with a price of $3.00.

By the way, the best license plate for an electric car is: COAL PWR
25   anonymous   2019 Feb 16, 1:01pm  

HEYYOU says
Gas prices may take a back seat to what happens when some of the +$22,000,000,000,000 natl. debt doesn't get repaid?


That plus it's the same as Electricity rates...

They got it - you need it - so fuck you and pay up or do without - it's that simple

No one on here owns or operates their own refinery - you have no choice - you have owners
26   Tenpoundbass   2019 Feb 16, 1:02pm  

Wasn't this part of a bigger thread where everyone was saying "Get used to $150 Oil"?

I was saying it would be back to the Historical $30 to $50 trading eventually?
27   HeadSet   2019 Feb 16, 1:17pm  

APOCALYPSEFUCKisShostikovitch says
Police Auction

1976 Cadillac Eldorado: $144

Nice ride. Great radio.

Who cares what gas costs?


'76 Eldorado Convertible is gorgeous. Reasonable mileage despite the "8.2 Litre" powerplant.
28   SunnyvaleCA   2019 Feb 16, 3:38pm  

ThreeBays says
Gas should be $10 a gallon to pay for the environmental cost, and accelerate the switch to EVs and renewables.

Carter could have put a $0.01 national tax on gasoline that got incremented by $0.01 every month. We'd be paying about $5 tax by now and a total cost of $7/gallon.

Let's run some (made up) numbers!
In the early 1970s, an efficient sedan with seating for 5 would be very lucky to get 20 MPG in a mix of highway and city driving. I'm talking about a sedan that could hit 60 MPH in 12 to 14 seconds and carry 4 people + an additional person squashed between the two in the back. Gas was about $0.50/gallon, which is about $2.50 adjusted for inflation. That gives us $2.50/20 = $0.125/mile cost.

Fast forward to today... If fuel is $3/gallon, we can achieve $0.125/mile with something that averages 24 MPG. So, basically, a Toyota Camry will easily fit the bill while providing more comfort, more size, and way more crash protection. An automatic transmission 4-banger Camry will beat Magnum PI's stick-shift Ferrari in a 0-to-60 sprint. Yikes!

At $7/gallon, you'd need to 56 MPG overall, so you'd be in a hybrid of some sort to match the $$$/mile of the early 1970s. A gas-only Prius will likely fall short, but the plug-in one is likely to be way ahead for most people. (Electric-only for most people most of the time with 50 to 60 MPG when you are going a 1970s-style 55 MPH on long road trips.)
29   anonymous   2019 Feb 16, 5:14pm  

Wasn't this part of a bigger thread where everyone was saying "Get used to $150 Oil"?

I was saying it would be back to the Historical $30 to $50 trading eventually?

Nope not even close as to the thread - might be the one concerning the non existent refineries in Florida or the massive decrease in cars these days as deduced in an 8 hour or less viewing on a single stretch of Florida highway from a few years ago.
30   HeadSet   2019 Feb 16, 5:23pm  

At $7/gallon, you'd need to 56 MPG overall, so you'd be in a hybrid of some sort to match the $$$/mile of the early 1970s

Everyone forgets about Motorcycles:

Honda NC750X (80mpg)
Kawasaki KLX250 (80mpg)
Royal Enfield EFI (80mpg)
Honda CBR250R (80mpg)
Yamaha SR400 (60mpg)
Suzuki DL650 V-Strom (60mpg)
Yamaha FZS600 FZ6 (48mpg)
31   B.A.C.A.H.   2019 Feb 16, 10:06pm  

Booger says


Those are California prices.

No they're not. Yesterday I paid $2.999 / gallon at World Oil in San Jose for 87 Octane.
32   B.A.C.A.H.   2019 Feb 16, 10:13pm  

ThreeBays says
Gas should be $10 a gallon

For what you could do with it, reliably move a ton of steel with passengers or a load of groceries in comfort and safety for about 30 cents per mile, $10/gallon gasoline would still be a Bargain of The Millenia, compared to alternatives.
33   kt1652   2019 Feb 16, 10:51pm  

B.A.C.A.H. says
ThreeBays says
Gas should be $10 a gallon

For what you could do with it, reliably move a ton of steel with passengers or a load of groceries in comfort and safety for about 30 cents per mile, $10/gallon gasoline would still be a Bargain of The Millenia, compared to alternatives.

FUD. Not even close.
Would an EV driver come and fix this, I am tired.
Even a gas Camry gets better than $.15/mi.
34   kt1652   2019 Feb 17, 12:00am  

SunnyvaleCA says
ThreeBays says
Gas should be $10 a gallon to pay for the environmental cost, and accelerate the switch to EVs and renewables.

Carter could have put a $0.01 national tax on gasoline that got incremented by $0.01 every month. We'd be paying about $5 tax by now and a total cost of $7/gallon.

Let's run some (made up) numbers!
In the early 1970s, an efficient sedan with seating for 5 would be very lucky to get 20 MPG in a mix of highway and city driving. I'm talking about a sedan that could hit 60 MPH in 12 to 14 seconds and carry 4 people + an additional person squashed between the two in the back. Gas was about $0.50/gallon, which is about $2.50 adjusted for inflation. That gives us $2.50/20 = $0.125/mile cost.

Fast forward to today... If fuel is $3/gallon, we can achieve $0.125/mile with something that averages 24 MPG. So, basically, a Toyota Camry will easily fit the bil...

Wake up call. Even Aljazeera gets it.
Gulf nations need to diversify their economies and move away from oil dependency...
https://www.aljazeera.com/programmes/countingthecost/2017/11/oil-saudi-arabia-2030-economic-vision-171104083501148.html
35   Waitup   2019 Feb 17, 2:00am  

Kakistocracy says
Tis true. My knowledge of the California market is far more than you suspect. The past and current pain threshold before people become unhinged is $4.00 per gallon but it can ride up to $5.00 per gallon on average before anyone in politics or their cronys really has to worry.

The public whining when the price goes above $4.00 is tolerable nuisance and a cost of doing business but it gives the local media something to do with another round of why are gas prices to high stories.


Normally the way it works in California is, to raise the price by 50 cents, they would gradually take it to $4.00 from $3.00. Then after a lot of public whining, they would scale back to $3.50. Whining stops and everyone is happy. Mission accomplished!
36   anonymous   2019 Feb 17, 3:47am  

"back to the Historical $30 to $50 trading eventually"

If the price gets back down to $30 bbl - you will have much much bigger things to concern yourself with then the price per bbl of oil or price per gal of gas. There won't be time for posting on PatNet either unless it is to complain unemployment compensation has ended or the same with foodstamps etc.

What type of crude ? Brent, OPEC, Texas Varieties, Oil Sands - ? There are different historical charts for each type of crude.

i.e. WTI Crude Oil Prices - 10 Year Daily Chart: https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart

i.e. Average Brent Crude Oil Price by Year Chart 1990 through 2017: https://www.coachmanenergyoperating.com/crude-oil-price-by-year-chart/

Nominal price or inflation adjusted or reality ?

The first table shows the Annual Average Crude Oil Price from 1946 to the present. Prices are adjusted for Inflation to July 2017 prices using the Consumer Price Index (CPI-U) as presented by the Bureau of Labor Statistics.

Note: Since these are ANNUAL Average prices they will not show the absolute peak price and will differ slightly from the Monthly Averages in our Oil Price Data in Chart Form.

Also note that although the monthly Oil prices peaked in December 1979 the annual peak didn't occur until 1980 since the average of all the monthly prices was higher in 1980.

Inflation adjusted oil prices reached an all-time low in 1998 (lower than the price in 1946)! And then just ten years later in June 2008 Oil prices were at the all time monthly high for crude oil (above the 1979-1980 prices) in real inflation adjusted terms (although not quite on an annual basis).

Prices are based on historical free market (stripper) oil prices of Illinois Crude as presented by Plains All American. Typically Illinois Crude is a couple of dollars cheaper per barrel than West Texas Intermediate (WTI) because it requires a bit more refining.

Price controlled prices were lower during the 1970's but resulted in artificially created gas lines and shortages and do not reflect the true free market price. Stripper prices were allowed for individual wells under special circumstances (i.e. the wells were at the end of their life cycle) but the oil they produced represented the actual free market prices of the time.

https://inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp

The chart below does not seem to be in concurrence with your memory unless you can remember back to 1946



https://inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Chart.asp

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