Gas prices - OUCH!

[Katfish]

:

We imported 7% of our oil from Russia, prices have increased 100%, what else has changed..........

https://www.nytimes.com/explain/2022/03/09/business/gas-oil-russia-ukraine

Global market demand and supply.  When gas was below $3 a gallon it was primarily due to Saudi dumping on the market to bankrupt US shale producers who need consistent prices above $3 to turn a profit and justify investment for new wells.  They did a good job of that.  Search US drill counts and look for a by year chart of the counts.   The highest count was during the Obama years just before Saudi opened the tap which they can do since their oil doesn't have to be fracked.  Same with Russia.

In a balanced market you will never see prices below $3 and price will consistently go higher as the easy oil in the US doesn't exist anymore and each new well costs more than the prior.  Self sufficiency will take a balanced portfolio that includes oil, solar, wind, and energy efficiency.  More drilling by itself will not work.  Doing a combined approach has the added benefits of more jobs at home, not funding unfriendly undemocratic governments and being forward looking for future generations.   The politicians with a one way approach on both sides are all lying to you.  It is time we bring our manufacturing home and take advantage of our technology.   The next chip to fall against us will be China and that will be fugly.   Companies investing in China should look at Russia and take note, it won't be cheaper once you factor in they don't want half.  They want it all.

So absolutely nothing to do with an antagonistic administration that openly advocated for the demise of the oil industry?

If walks like a duck, and quacks like a duck....................

[dodj]

Oh Canada why isn't your oil cheaper then?  Do tell.

It WCS is significantly cheaper the  WTI.
On May 25th, 2022, WCS was $89
On the same day WTI was $102

There....I told.....lol

Every little bit helps. Lol
But the point I was trying to make is why not try to supply ourselves rather than rely on.... well.... Russia,  Saudi,  Venezuela.  Canada is never going to show the USA the Middle finger and shut off supply.  Other countries could conceivably do that.

Lol, yes you did but I don't think 10 percent less is going to calm the masses.

[Katfish]

Central Florida,

$4.75 for 87

[Spikedog08]

Well I never thought I would see $5.00 a gallon here in Michigan but it is now a reality.  This will definitely affect my activities this summer and already planning what I can and am willing to do.  At this point, I don't think I will be getting the hardtop out of storage as the car runs on Turbo Blue and premium.  I would expect a tank of gas will probably cost me $150 to $200.  The convertible uses premium which although is ridiculous . . Still have to have the MOPAR fix for the summer.  Carlisle cost just went through the roof, I wonder who else will not make the show due to fuel cost? 

[cuda hunter]

I will probably spend about 1600+ in gasoline. 

[Spikedog08]

I will probably spend about 1600+ in gasoline. 

I still plan to attend at this point but with the outrageous hotel cost and the price of gas, I assume some will not come? 

[69BFan]

Just within my small circle of friends who has attended Carlisle in the past, I am seeing close to half of them deciding not to come due to the effects of the increased fuel and lodging expenses.  Granted most of them have an eight plus hour drive one way, but even a couple of the guys who are only two hour outs have decided to only come down for one day vs two or three days. 

Looking at Gas Buddy, regular gas in Carlisle is at $4.70 per gallon and diesel is at $6.00 per gallon.  If projections hold true, then it is most likely that gas will be over $5.00 per gallon and diesel close to $7.00 per gallon by the time that Carlisle gets here.

Thankfully here in Georgia, our state has removed the state road taxes on fuel purchases which is a reduction of $0.32 on a gallon of gas and $0.29 on a gallon of diesel.  They started this back in the first of April and is set to run to July 14th.  I believe that the Federal road taxes on a gallon of gas is around $0.18.  Just don't understand why they are not looking at eliminating that tax for the next couple of months to help the consumer out.

[anlauto]

Some crazy Canadian math.....My HEMI Ram loves to drink gas around town....myself, and two kids use it for short little jaunts all the time   so I'm getting around 500 KMS out of a full tank....easily 700 or so on the highway....

ANYWAYS.....I just filled up two days ago....cost me $250.00 CDN to fill up....here's where the math comes in... That means I use roughly $0.50 worth of gas per kilometer.... think about it....Today I took a quick 15 min drive(each way) to my body shop and back....for shits and giggles, I clocked the distance, 20.9 KMS one way....

THAT MEANS....I spent $20 worth of gas for crap sakes ....you know how many times I make that drive ? That's frickin crazy...

[torredcuda]

I will probably spend about 1600+ in gasoline. 

I still plan to attend at this point but with the outrageous hotel cost and the price of gas, I assume some will not come?

I am still going, I have thought about just taking the truck and leaving the enclosed trailer and cuda home but I have only brought it once so I am saving up for fuel $$. I fully expect premium to hit $6.00 a gallon in this area soon which is what I run in the cuda, I run 89 octane in the Hemi Ram and sometimes mix in 91 or 93 when towing. It`s going to hurt but I`ll just cut back on local cruising and be a bit more frugal on things like Dunkins coffees etc.

[Bills Auto Works]

 Y'all don't even want to see my company credit card at the end of the month! I ran 17,000 miles for May!

  I honestly feel bad for my customers as (like almost all other businesses) I pass the increases directly on to them.

  The small advantages to what I do is that I don't have time to drive much for pleasure & when I need to shop, I can stop while on a trip so I don't have to make a special trip. Make no mistake though....If I want to take one of the cars out (no matter how much it costs) I am going to.

  We just need to hold out through this summer & fall....Things will get better in all aspects come November!

God Bless
Bill
https://www.jalopyjournal.com/forum/threads/nationwide-single-car-transport-hauling-open-or-enclosed.614419/[/QUOTE]

[torredcuda]

  We just need to hold out through this summer & fall....Things will get better in all aspects come November!

https://www.jalopyjournal.com/forum/threads/nationwide-single-car-transport-hauling-open-or-enclosed.614419/

[/quote]

Hopefully!

[blown motor]

Why will things change in November?

[PLY474]

$5.25/gal for 86 octane in North East Indiana.  Never thought I'd see it. 

[cuda hunter]

$5.25/gal for 86 octane in North East Indiana.  Never thought I'd see it.

30 second mark to 45 second mark.  We were warned. 

[cuda hunter]

Oh, of course trump telling us that this was going to happen is going to be censored on here and elsewhere. I'm surprised it's still on youtube.
If you believe in truth, just watch it.     

Seriously, It's just 15 seconds.  30 sec to 45 sec.  It shouldn't offend anyone in 15 seconds.

www.youtube.com/watch?v=D7Os2v6BTo0&t=31s