WHO IS PAYING THE MOST (OR LEAST) IN THE WORLD FOR GAS????

[greggl]

Gas prices here have been skyrocketing. The station across the street from work changed it twice in one day. Was $3.70 when I went in to work this morning and was $4.13 when I left this evening. Russia only accounts for 8 percent of the global oil supply and only 3 percent of US imports of oil. Even if all Russian oil is stopped that is less then 10 percent of the global supply. That shouldnt be effecting prices like this. So even though there has been no disruption of the global oil supply the oil companies are jacking up prices. Ridiculous

[WalterB]

That's the whole idea. Any perceived disruption anywhere will affects everyone in the world. The energy folks will use any excuse at all to kick up the prices.

[UncleDave]

The oil companies and Wall Street speculators play games with prices all the time. A rebel army battle breaks out in Africa somewhere and supposedly that's going to effect oil prices, come on.

It's all BS and a manipulation of the markets. The US is the second leader of exported oil in the world. We have vast supplies of oil just sitting on boats. We have more oil than we know what to do with. There is no oil shortage at all. It's all fueled by greed. A barrel of oil goes up and gas prices skyrocket, but when that price goes down, they drop gas a few pennies. They got everyone accostumed to high gas prices years ago by screwing with the market that now if gas is around $3 a gallon folks think that's a great deal. Plus add in all the taxes they put on gas and that keeps prices high but we keep being told there is no tax money to pay for things. Where did all the gas tax money go?

Gas even at $100 a barrel should be under $3 a gallon. Oil companies should not be making billions of dollars in profit a quarter. Oh and barely paying any taxes, but that's another rant.
Deregulation and allowing Wall Street speculation has caused this situation. Not anything happening in the world.

[rokkerr]

Just paid $4 a gallon here in Florida which is low compared to most of the country I think...

I hear Biden is banning Russian oil today (not sure that is meaninful or not) but howlong before gas prices double?
... worse yet.. how long before a loaf of bread is twice the cost?

[WalterB]

That's the way it will work, Rokkerr.

Shipping companies have to pay much more for fuel. They are not going to eat those costs. So they pass on those costs to the shippers. And do you think the shippers are going to eat those costs? Of course not. So those costs will get passed on to us peons. And we have no where to go, nothing to raise prices on to recoup our losses. So, guess who is going to pay for Russia's transgressions? You and I. Everywhere - gas, food, clothing, entertainment, everywhere. All because Vladimir Putin has a cob up his ass.

[stickyvicky]

Makes no sense if only 6% of our gas is from Russia how does this have such drastic effect?

I also read that we have all kinds of under utilized land that is open for drilling but the oil companies choose not to? It's all very confusing.

This is what i just read: Even if Biden hadn’t canceled the Keystone XL and it had proceeded as planned, it would not be delivering any oil to the U.S until 2023 at the earliest. There are a lot of reasons for high gas prices. Biden’s decision on that pipeline isn’t one of them and has exactly nothing to do with the price of gas today.

The pause on leasing only applies to new leasing and does nothing to prohibit or even limit drilling on millions of acres of public land that, according to the Bureau of Land Management, is currently available for development. Biden isn’t responsible for oil company resistance to drill. Investors are.

[UncleDave]

Makes no sense if only 6% of our gas is from Russia how does this have such drastic effect?

I also read that we have all kinds of under utilized land that is open for drilling but the oil companies choose not to? It's all very confusing.

This is what i just read: Even if Biden hadn’t canceled the Keystone XL and it had proceeded as planned, it would not be delivering any oil to the U.S until 2023 at the earliest. There are a lot of reasons for high gas prices. Biden’s decision on that pipeline isn’t one of them and has exactly nothing to do with the price of gas today.

The pause on leasing only applies to new leasing and does nothing to prohibit or even limit drilling on millions of acres of public land that, according to the Bureau of Land Management, is currently available for development. Biden isn’t responsible for oil company resistance to drill. Investors are.

Oil from the Keystone was mainly going to be exported. So that doesn't effect my prices. It's all made up bullshit by the oil companies and speculators. Biden has no effect on gas prices anymore than Trump or Obama did

And yes prices will affect all other goods. Years ago when gas prices were high,prices rose in other goods as well. But when gas prices came down, did any of those prices fall as well? Nope.

I'm not a tinfoil hat wearing type of person but it seems like there's a plan in place to keep the divide between those who have and those who don't to keep getting wider and wider.

And don't even get me started on the robots

[lance_s]

[ErikB]

this little light.jpg

Nice one!

I assume that's to the tune of "This Old Heart Of Mine" By Rod Stewart and sung with Ronald Isley.

For those, like me, who got an ear-worm in their head when they saw the picture:

phpBB [media]

I thought there was more side-boob than there actually appears to be. I guess when I was younger I had faster eyes and a better imagination.

Also, I filled up today. $4.30 a gallon in Rhode Island. $31.00 total. A major blessing to have a small car and a dislike of travel. I bought my house very close to work, so even if I were still working I wouldn't be buying that much more often (and I would be bringing in more money to offset the slight increase in gas use).

[WalterB]

So I checked my gas buddy map for El Paso. About 4 days ago, I looked and saw that at least 90% of the stations were the same price. El Paso is a city of 600,000, and 90% of the gas stations in every part of the city, poor side, rich side, middle side, were all the exact same price. So today I looked again. As you can see, 90%of the city are exactly the same price. And, the kicker? They all go up at exactly the same time. If there was ever more evidence of collusion, I don't know what it is.

.
https://www.vnalive.com/members/phpBB3/ ... 40#preview
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This is the gas buddy map. It's a little difficult to use, but will show you the prices all over your city. You have to use ctrl/scroll to zoom in or out. Also the map, when zoomed out, is hard to see because if the intense coloring they use. My suggestion is to first, click the full screen at the upper right. Move the map to your area and slowly C/Scroll in until the colors go away and you see the prices. Now you can move the map to your specific area, then zoom in or out as desired.

[Davest]

As for the oil and shale fields that are basically left shuttered, every source of oil has a discreet cost per barrel to extract, transport, and process that oil. Oil companies will only produce from the fields that are cost effective. For every single field there is a trading price per barrel of oil which will activate it and cause it to start producing. I guess we're 'lucky' that oil prices aren't so high that all those fields are producing.

Gas prices. Well, even though we get only a tiny portion of our oil from Russia (and in 2020 the US exported more oil than it imported), an embargo does lower the supply in general. Since places like Europe need to increase their oil imports from non-Russian sources, like the middle east, oil that we import that isn't Russian goes up in price, too. Like the stock market, prices of oil often fluctuate based upon the news of the day, instead of due to any actual data. And the record oil company profits might have just a teensy tiny affect on gas prices, too.

[UncleDave]

Seen on Facebook

I just paid $1.65 for gas....but it was at Taco Bell

[ErikB]

Seen on Facebook

I just paid $1.65 for gas....but it was at Taco Bell

Not bad

[stickyvicky]

Bill Mahr: My date wanted to go someplace really expensive, so I took her to Chevron.

[UncleDave]

Bill Mahr: My date wanted to go someplace really expensive, so I took her to Chevron.

Or...Good news, just heard from my lender. I'm approved for a full tank.

[stickyvicky]

Every fillup comes with a prostate exam.

[UncleDave]

Every fillup comes with a prostate exam.

Do we get to at least choose by whom?

[ErikB]

Every fillup comes with a prostate exam.

Do we get to at least choose by whom?

Shanda-chu, I choose you!

[ErikB]

Bill Mahr: My date wanted to go someplace really expensive, so I took her to Chevron.

Nice!

[Redd44]

I read that a gas station in North Carolina dropped their price/gallon to $2.25 (I think) for one afternoon until they ran out. The folks that own the station knew they were going to lose money but they did to help their customers. Really cool I think.