Gas Prices

[Taylor]

On 3/1/2022 at 8:09 AM, fan_since79 said:

Oil is up 9% today, to $104. Yikes.

Get read for a big surge in gas prices. 

 

 

F'ing Biden increasing the worldwide cost of oil.

[fan_since79]

$5.29 at just about every Chevron station in Long Beach and vicinity.

They were stuck at $4.79 for at least six months, then $4.99 for a few days, then $5.29

You can still find some ARCO's at around $4.59.

 

 

 

[fan_since79]

Chevron near my neighborhood, $5.29 yesterday.

$5.69 today. 

90 cents increase since last week.

 

[Slegnaac]

On 3/3/2022 at 1:17 PM, Taylor said:

F'ing Biden increasing the worldwide cost of oil.

Buy more groceries. 

[gotbeer]

Wow, 30 cent jump in gas at the Costco I usually go to.  $4.69 now, from $4.19 from 2 weeks ago.

[Tank]

Last week I paid 4.39. This is from today…

 

[Redondo]

6 hours ago, Tank said:

Last week I paid 4.39. This is from today…

 

[gotbeer]

Up another 10 cents to $4.79 since yesterday at the Costco I usually hit up.

[Taylor]

14 hours ago, Redondo said:

Damn that Joe Biden, invading Ukraine.

[Jay]

[gotbeer]

I think inflation just said, hold my beer.

[Tank]

2 hours ago, Taylor said:

Damn that Joe Biden, invading Ukraine canceling the Keystone Pipeline.

agreed.

[Taylor]

1 minute ago, Tank said:

agreed.

You really think the Keystone Pipeline is the reason gas has insanely shot up in the last couple weeks?

[Tank]

2 minutes ago, Taylor said:

You really think the Keystone Pipeline is the reason gas has insanely shot up in the last couple weeks?

it's obviously a combination of things. but the fact that he shut down a valuable and productive pipeline and won't reopen it during a time of international crisis is a failure of leadership, and you and i are suffering at the pumps because of it.

[fan_since79]

Oil futures up 9% tonight, to $126.

More pain coming.

[arch stanton]

31 minutes ago, Tank said:

it's obviously a combination of things. but the fact that he shut down a valuable and productive pipeline and won't reopen it during a time of international crisis is a failure of leadership, and you and i are suffering at the pumps because of it.

To blame not adding an additional way to transport Canada's extremely expensive to extract and refine tar sand oil as a reason for massive price hikes seems like scapegoating for the simple minded

[T.G.]

That Russian oil we are buying must be expensive 

[Redondo]

Oil traders eye $200 per barrel this month

[Redondo]

Pence group launches $10M ad buy pushing American energy production amid Russia's invasion of Ukraine

Former Vice President Mike Pence’s policy and advocacy organization launched a $10 million ad campaign Monday, targeting multiple congressional Democrats and pushing for American energy independence amid Russia’s invasion of Ukraine.

"In order to set the United States back on a path of energy independence, we need Congress to stand up to [Russian President Vladimir] Putin and stand up for American Energy," Pence said Monday. "It’s time for President Biden to demonstrate American strength by restarting the Keystone Pipeline, restoring oil and natural gas leases, and issuing sanctions and imposing embargoes on all oil and gas exports from Russia." 

 

[St1ck]

3 minutes ago, Redondo said:

Pence group launches $10M ad buy pushing American energy production amid Russia's invasion of Ukraine

Former Vice President Mike Pence’s policy and advocacy organization launched a $10 million ad campaign Monday, targeting multiple congressional Democrats and pushing for American energy independence amid Russia’s invasion of Ukraine.

"In order to set the United States back on a path of energy independence, we need Congress to stand up to [Russian President Vladimir] Putin and stand up for American Energy," Pence said Monday. "It’s time for President Biden to demonstrate American strength by restarting the Keystone Pipeline, restoring oil and natural gas leases, and issuing sanctions and imposing embargoes on all oil and gas exports from Russia." 

 

Pence has a PAC that has $10m it can spend on commercials? There is way too much money in US politics.

[gotbeer]

2 hours ago, Redondo said:

Oil traders eye $200 per barrel this month

That would mean gas would be what $7-10 a gallon?  I was too young, but it's going to be like the 70's again.  

[fan_since79]

2 hours ago, Redondo said:

Oil traders eye $200 per barrel this month

If that's the case, then $7/gallon gas is coming by Easter.

When oil shoots up, gasoline immediately follows. When oil goes down, it takes months for gas prices to decrease.

Chevron stations here were stuck at $4.79 for many months as oil dropped from $83 to $65 and then back up. After the oil price hikes of this past week, Chevrons are charging $5.69, up 90 cents in the past few days. Chevron made record profits last quarter and their stock price is at an all-time high.

There are some ARCO's holding the line at $4.99 but that won't last long.

[gotbeer]

12 hours ago, gotbeer said:

Up another 10 cents to $4.79 since yesterday at the Costco I usually hit up.

Now the Costco is at $4.99.  A 20 cent jump from yesterday.  Yikes.

[fan_since79]

6 minutes ago, gotbeer said:

Now the Costco is at $4.99.  A 20 cent jump from yesterday.  Yikes.

So you can wait in a 45-minute line at Costco for the same price you can get at ARCO. 

Smart.

Of course, I haven't yet seen ARCO's pricing today. Still on my first cup of coffee. It very well could have jumped overnight. I filled up yesterday.

[gotbeer]

6 minutes ago, fan_since79 said:

So you can wait in a 45-minute line at Costco for the same price you can get at ARCO. 

Smart.

Of course, I haven't yet seen ARCO's pricing today. Still on my first cup of coffee. It very well could have jumped overnight. I filled up yesterday.

I'm wondering if the price jumps at Costco are because they sell so much gas, that they need to refill sooner.  IE the new gas coming in is super expensive.  Thus, their prices are now jumping over other stations that fill up once a week, and haven't had the sticker shock yet.