quote:

Originally posted by PASig:

quote:

Originally posted by mrvmax:
I do not even concern myself with gas prices. I am going to drive where I need to drive - even if gas is $6 a gallon.

I have a friend who says this too but I don't understand this mentality at all. Do you not have a budget? Do you have unlimited money? Most of us do not live like that.

I do not travel much and when I drive it is necessary. When I retire my driving will be less. I live in the Houston area and there is no other way to commute - it is a necessity. If gas cost doubles it will not affect my overall budget much. After 40 years of working and saving, I am finally to the point where I have “extra” money and fuel cost is negligible at this point. I could not even tell you how much the last tank of fuel in my 4Runner costs, I never look at it.

If I were really concerned I would get a Tesla and use Tesla as my energy provider (free night charging in Texas). That is about the cheapest price per mile I know of to operate a vehicle. I actually plan on getting one in 10 years when I am retired and tired of driving with bad eyesight. Full Self Driving is good now and should be great by then. I will let it drive for me.

quote:

Originally posted by mrvmax:
If I were really concerned I would get a Tesla and use Tesla as my energy provider (free night charging in Texas). That is about the cheapest price per mile I know of to operate a vehicle. I actually plan on getting one in 10 years when I am retired and tired of driving with bad eyesight. Full Self Driving is good now and should be great by then. I will let it drive for me.

This is a good plan, and it will become normal for seniors to dump the two vehicle house and get a Tesla with FSD, people who can't drive will be able to get to doctors, grocery, pharmacy and lunch without endangering themselves or others...

I suspect we need to build more refinery capacity. I'd like Trump to incentivize through deregulation. That, or maybe the Feds build one they can lease out.

Gas today in Denver is $1.69 at a Shell station. That's good gas from Shell. That's the pump price, no hoops to jump through.

I paid $2.49 in Central KY today.

*** OLD THREAD ***


Noting, of course, that "things in the world have changed in the past few days"...

Prices for Regular and Diesel at my usual stop have hung in the $2.65/3.25 range since about New Year's.
Monday: $2.65 / 3.29
Yesterday: $2.76 / 3.39
Today: $2.89 / 3.59

Not to derail but gas and eggs seem to be brought up together quite often. This was two days ado. I remember $8.29 a couple years ago.

Yesterday: $2.89
Today: $2.99

But with the Phillips Fuel Forward app on my phone, take off .15/gallon.

https://www.phillips66gas.com/...YEAAYASAAEgL11fD_BwE

I'd expect them to continue to increase, but in a few weeks we'll have better control/safety in the Strait of Hormuz than in recent decades. I bet that drives oil back down a lot by mid year.

hmmmmm, how to make money on that.....

I know the petroleum market is very complex, but what strikes me is that since we "officially" don't buy oil from Iran, whatever they do production-wise should not impact the US supply market. Sure, Iran has threatened the Strait of Hormuz by saying "it's closed", but I think the US (and maybe Saudi Arabia / other area states) can prevent that.

So what I'm saying is that the US "gas" companies are taking advantage of the situation more than not.

JMHO, YMMV.

It's not Iranian gas production, but blocking the Straight of Hormuz.

20% of all oil and natural gas get transported through the straight.

This should be short lived as the US and Israel have basically sank most of the Iranian Navy.

It looks like they plan to sink whatever is left floating in the coming weeks.

A us sub just sank an Iranian boat this morning in international waters.

Trump has already stated he will use the US Navy to escort any tankers there. But as was said won’t stop the speculation and the Wall Street nature of the oil barrel market.

Hasn’t gone up any in the hinterlands of West Texas. $3.06 at the cheap place in town.

You won't find any bargain priced fuel here in the Chicago area!
We do have eggs available at Caputos market for $.99 a dozen.

The nearby Mobil's prices have jumped up $.20 since Sunday.

$3.15 here in MQT.

Hasn’t gone up any in the hinterlands of West Texas. $3.06 at the cheap place in town.

$3.20, just had to put some in the Rental vehicle I was returning.

A couple of days ago it was $2.89 in the morning. In the afternoon it went up to $3.29. What a bunch of crap!

quote:

Originally posted by MikeGLI:

quote:

Originally posted by braillediver:
How long does it take a barrel of oil bought at todays price to get processed and delivered to the gas station?

I dont know and I dont care. Even a whisper of a hurricane in the Atlantic and we get a jump in gas prices.

Shit only seems to work quickly in one direction.

This