Gas Prices

[Tank]

I paid $4.39 two days ago.

[failos]

Democrats are idiotic cheering a 2 cent drop in gas prices. Looks like they want to lose in 2022 (and 2024).

[failos]

Oh and who can forget this idiocy

[Jason]

13 hours ago, Redondo said:

Lol! It seems like at least a decade since Cali has seen $2.12 

[Lou]

Over a thousand posts about gas prices. 

You guys need to your lives together.

[T.G.]

10 minutes ago, Lou said:

You guys need to your lives together.

[Taylor]

On 11/30/2021 at 9:10 AM, fan_since79 said:

Oil is down 20% from its recent high, but gas is stuck at around $4.69 at most stations.

I don't expect gas to drop 90 cents (about 20%), not even close. Must be nice for these companies to have us by the throat. Unless the nation goes full EV's, we're stuck.

It's almost as if gas companies realized they could make an additional 20% profit.

[Slegnaac]

4 hours ago, Taylor said:

It's almost as if gas companies realized they could make an additional 20% profit.

Share holders agree

[arch stanton]

https://www.greencarcongress.com/2018/05/20180531-sivak.html

Another way to look at the relationship between the two sets of prices is to calculate the price of gasoline (per gallon) as a percentage of the price of crude oil (per barrel). This value averaged 4.0%, with a minimum of 2.8% and a maximum of 7.0%. The correlation between this percentage and the price of crude oil was negative, with the correlation coefficient of -0.83. The negative relationship implies that at higher prices of crude oil, the prices of gasoline tend to correspond to lower percentages of the price of crude oil, and vice versa. (For example, when the crude oil prices were at their maximum, this percentage was 2.8%, while when the crude oil prices were at their minimum, the percentage was 6.5%.) This relationship is consistent with the fact that the price of gasoline depends not only on the price of crude oil, but also on the costs that are either unaffected by the price of crude oil (taxes), or are affected less strongly (refining costs, and distribution and marketing costs).

[Jason]

On 12/2/2021 at 11:38 PM, failos said:

Democrats are idiotic cheering a 2 cent drop in gas prices. Looks like they want to lose in 2022 (and 2024).

I’m assuming that graph was created by someone making fun of them ot being satirical but the DCCC thought it was true. Lol at only 2 weeks for the dates. Now they should show one for the last year 

Edited December 4, 2021 by Jason

[fan_since79]

Chevron stations all over Long Beach and Lakewood are stuck at $4.79 and have been for quite some time. That's a cash price. Credit price is ten cents higher.

 

[fan_since79]

When oil reached an all-time high of $147/barrel in July of 2008, gas prices rose to about $4.59/gallon. 

Now oil is $66 but gas costs almost five dollars. Go figure.

 

 

 

[arch stanton]

In conclusion, as expected, the price of gasoline is strongly (but not perfectly) correlated with the price of crude oil, and the introduction of a short-term lag between these two sets of prices does not affect the relationship substantially. However, the relationship between the prices of gasoline and crude oil is complicated by the fact that other factors besides the price of crude oil affect the price of gasoline.

[gotbeer]

1 hour ago, fan_since79 said:

When oil reached an all-time high of $147/barrel in July of 2008, gas prices rose to about $4.59/gallon. 

Now oil is $66 but gas costs almost five dollars. Go figure.

 

 

 

The Ups and Downs Of California’s Gas Tax

Interesting read about Calolfornia's Gas tax.  While there is specifics in the tax.  There are also other factors.

For instance.  In Calolfornia, a barrel may have been $147 in 2008, and $66 now.  But the other factor is Calolfornia also requires a hybrid gas with Ethanol I believe.  Which is derived from corn?  All food prices have skyrocketed, including ethanol.  Which has been historically about $1.50 the last decade, and has shot up to over $3 and is currently at $2.85 in the last year.  

[Jason]

5 minutes ago, gotbeer said:

The Ups and Downs Of California’s Gas Tax

Interesting read about Calolfornia's Gas tax.  While there is specifics in the tax.  There are also other factors.

For instance.  In Calolfornia, a barrel may have been $147 in 2008, and $66 now.  But the other factor is Calolfornia also requires a hybrid gas with Ethanol I believe.  Which is derived from corn?  All food prices have skyrocketed, including ethanol.  Which has been historically about $1.50 the last decade, and has shot up to over $3 and is currently at $2.85 in the last year.  

Mmmmm ethanol 

[Taylor]

10 hours ago, fan_since79 said:

When oil reached an all-time high of $147/barrel in July of 2008, gas prices rose to about $4.59/gallon. 

Now oil is $66 but gas costs almost five dollars. Go figure.

 

 

 

Thanks, Obama!

[Slegnaac]

Paud 4.29 a gallon at Shell this morning. 

Thanks Ralphs.

[Tank]

Paid 4.39 at ARCO. Half a mile away at Chevron it was 4.99, and that was the cash price (5.09 for credit cards). 

[Taylor]

On 12/5/2021 at 7:58 AM, Slegnaac said:

Paud 4.29 a gallon at Shell this morning. 

Thanks Ralphs.

[Blarg]

For the second time in a row the automatic shutoff stopped at an exact even dollar for a tank of gas. Not something like $70.03 but $70.00. I've never had it automatically shutoff at an even number before unless it was a prepaid amount. 

[gotbeer]

Paid $4.19 last night.  Line at Costco was almost as long as In N Outs, and this was at 7 pm last night when they close at 7:30.  Usually that close to closing time, the station is empty.  

[Taylor]

1 hour ago, gotbeer said:

Paid $4.19 last night.  Line at Costco was almost as long as In N Outs, and this was at 7 pm last night when they close at 7:30.  Usually that close to closing time, the station is empty.  

Was it worth waiting to save like $1.60?

[gotbeer]

19 minutes ago, Taylor said:

Was it worth waiting to save like $1.60?

Well the cheapest gas in my area is $4.39, and Costco let's me use a CC.  So yeah, worth it.  

[Taylor]

2 hours ago, gotbeer said:

Well the cheapest gas in my area is $4.39, and Costco let's me use a CC.  So yeah, worth it.  

The only gas stations that don't allow CC are Arco, and even a lot of those are allowing CC now.

[gotbeer]

2 hours ago, Taylor said:

The only gas stations that don't allow CC are Arco, and even a lot of those are allowing CC now.

They also charge for the use, so it jacks up the price per gallon even more.