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myohmy2

(3,721 posts)
Fri Nov 5, 2021, 01:34 PM Nov 2021

$3.95 a gallon...

...for mid-grade today...

...why so much for gasoline?

...what could it be?

...are the New-England fuel-oil stocks down?

...is there a new war starting in the Middle East?

...did a hurricane destroy Texas refining capacity?

...is it changing from summer to winter blends?

...did a major pipeline break or get hacked?

...did OPEC cut their oil production?

...are we being fucked by wall-street and the oil companies?


...what could it be?

...

39 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
$3.95 a gallon... (Original Post) myohmy2 Nov 2021 OP
Pretty close to what I've been paying for milk. I don't know the significance of that Walleye Nov 2021 #1
Everything is going up. Prices are out of control especially groceries and gas. jimfields33 Nov 2021 #2
I am definitely Chille Nov 2021 #15
$4.75 in San Jose, California. For Regular 87 octane! MenloParque Nov 2021 #3
I don't know what I paid wednesday JustAnotherGen Nov 2021 #4
In unrelated news, Exxon stock price up 98.5% in the last year. Midnight Writer Nov 2021 #5
OPEC supply constraints... orwell Nov 2021 #6
Been hovering around $3.50 in Chicago burbs for a few weeks. That includes lots of state/local taxes Gidney N Cloyd Nov 2021 #7
Well... 2naSalit Nov 2021 #8
OPEC Refusing To Up Production WHITT Nov 2021 #9
I find it easy to cut my driving by the % of the price increase. multigraincracker Nov 2021 #10
Between 3.89 and 3.99 for regular in Cenralia, Wa. Ka-Dinh Oy Nov 2021 #11
They are making up the 2020 losses. Nt Baked Potato Nov 2021 #12
I totally believe this True Dough Nov 2021 #14
Yes, they cut production. Baked Potato Nov 2021 #16
Easy....there's a Democrat in the WH and that's an easy way to make them look bad Bengus81 Nov 2021 #13
BINGO n/t Timewas Nov 2021 #20
Never happier my Volt is paid for... JCMach1 Nov 2021 #17
Indeed! And I'm glad I have mine back Silent3 Nov 2021 #26
I feel you there too my wife's car is a Cadillac SRX... JCMach1 Nov 2021 #31
Check this out, we don't pay that much for gas RANDYWILDMAN Nov 2021 #18
"All prices updated March, 2005." moondust Nov 2021 #22
OOps, UK is still $7.45 per gallon today RANDYWILDMAN Nov 2021 #24
Which is 29% higher than 2005. moondust Nov 2021 #25
Europe is in the middle of a energy crisis. maxsolomon Nov 2021 #19
$3.02 here at my local Costco in Louisville, Ky. SKKY Nov 2021 #21
We're going to have to get a handle on it durablend Nov 2021 #23
$2.89 in Tucson right now. n/t Lady Freedom Returns Nov 2021 #27
$137.20 for a fillup in Germany. Over $8/gal sir pball Nov 2021 #28
If you are an OPEC country and have oil in the ground going up 10% per year Klaralven Nov 2021 #29
Think about what a gallon of gasoline will do. Ron Green Nov 2021 #30
$3.09 in KCMO. nt leftyladyfrommo Nov 2021 #32
Cheap Retrograde Nov 2021 #33
Almost $5 a gal here in California. (near me) msfiddlestix Nov 2021 #34
GAs should be $12 a gallon Johnny2X2X Nov 2021 #35
do that and you'll give the pubs a super majority coast to coast Amishman Nov 2021 #37
Oh, I agree Johnny2X2X Nov 2021 #39
Actually this is a good thing fescuerescue Nov 2021 #36
I posted this recently newdayneeded Nov 2021 #38

JustAnotherGen

(38,054 posts)
4. I don't know what I paid wednesday
Fri Nov 5, 2021, 01:44 PM
Nov 2021

I'm not walking 50 miles to work one way and back. Until I can find an electric car I like, or we can expand public transportation where I live to the Greater NYC area -

It is what it is.

We should have been working on this a decade ago.

orwell

(8,003 posts)
6. OPEC supply constraints...
Fri Nov 5, 2021, 01:54 PM
Nov 2021

...it is a manipulated market.

There is a global cartel without a strict cartel structure.

Just look at the futures charts for your answer.

The partial good news is that the futures price is starting to soften.

Also remember that a significant portion of the pump price is taxes.

Gidney N Cloyd

(19,847 posts)
7. Been hovering around $3.50 in Chicago burbs for a few weeks. That includes lots of state/local taxes
Fri Nov 5, 2021, 01:55 PM
Nov 2021

Gas taxes have almost doubled around Illinois so I suppose that needs to be factored into any historical price comparisons.

2naSalit

(102,804 posts)
8. Well...
Fri Nov 5, 2021, 01:56 PM
Nov 2021

If you have to use premium, it's that much a gallon in Montana but in Idaho, where I have to go for dentist treatments, it's between $4 and $5/gal. all along the way. Glad I can make the round trip on 1.5 tanks = 24 gallons, so I top off when I leave town and when in the city I go to where it's cheapest, I buy about eight gallons, enough to get to Montana and cheaper gas where I top it off again. Each round trip is about $100.

Glad I only have to go this last time next week, it's a six hour drive with three mountain passes to cross each way. Got snow coming next week so traveling gets a little dicey at that point.

multigraincracker

(37,651 posts)
10. I find it easy to cut my driving by the % of the price increase.
Fri Nov 5, 2021, 02:00 PM
Nov 2021

Just takes a little more planning on my part.

Ka-Dinh Oy

(11,686 posts)
11. Between 3.89 and 3.99 for regular in Cenralia, Wa.
Fri Nov 5, 2021, 02:01 PM
Nov 2021

Well, that is for me because I will not put anything in my car other than Chevoron or Shell.

The Cheveron were I get mine is 3.89 and is the least expensive of all of the Cheverons and Shells in my close area.

It has been going up little by little. It stays the same for a few weeks then goes up. It is nice that it does not change every few days....at least in my close area.

True Dough

(26,674 posts)
14. I totally believe this
Fri Nov 5, 2021, 02:43 PM
Nov 2021

The powers-that-be, primarily OPEC, are getting those lost profits back now.

Bengus81

(10,165 posts)
13. Easy....there's a Democrat in the WH and that's an easy way to make them look bad
Fri Nov 5, 2021, 02:23 PM
Nov 2021

Not to mention Oil Companies make a fortune in the bargain.

 

Silent3

(15,909 posts)
26. Indeed! And I'm glad I have mine back
Fri Nov 5, 2021, 04:33 PM
Nov 2021

The supply chain effect on gas prices doesn't affect me much, but the supply chain for parts kept me without my paid-off Volt for over a month, driving a gas-guzzling Chevy Malibu loaner car in the meantime. I didn't drive it much, however.

moondust

(21,288 posts)
22. "All prices updated March, 2005."
Fri Nov 5, 2021, 03:19 PM
Nov 2021

I don't know about them all but those in Europe have a lot of public transportation available.

moondust

(21,288 posts)
25. Which is 29% higher than 2005.
Fri Nov 5, 2021, 04:29 PM
Nov 2021

U.K. has been having a lot of gas troubles lately but I don't know how much is related to natural gas or whatever.

Four more UK energy suppliers go bust amid high gas prices

maxsolomon

(38,729 posts)
19. Europe is in the middle of a energy crisis.
Fri Nov 5, 2021, 03:08 PM
Nov 2021

Algeria just cut NG pipeline to Morocco and hence Spain.

The British have a trucking crisis.

Gazprom is squeezing to get the EU to acquiesce to Putin's neo-Imperial Authoritarianism.

All of that plays in to the price of a barrel of oil.

 

Klaralven

(7,510 posts)
29. If you are an OPEC country and have oil in the ground going up 10% per year
Fri Nov 5, 2021, 05:29 PM
Nov 2021

Why would you pump it?

Ron Green

(9,870 posts)
30. Think about what a gallon of gasoline will do.
Fri Nov 5, 2021, 05:50 PM
Nov 2021

It can move you and a whole bunch of your stuff 30 MILES (more or less), uphill and down, for the cost of a cup of latte. It’s cheaper than bottled water, but can do an enormous amount of work, and we’ve gotten so used to its power that we think it isn’t dirt cheap.

It’s now MORE than 50 years since the wake up call of Earth Day, and people who weren’t even born then (perhaps you, Gentle Reader) don’t seem to understand that cheap gas (and the lies about it) have enslaved us all.

Retrograde

(11,419 posts)
33. Cheap
Mon Nov 8, 2021, 02:25 AM
Nov 2021

It's between 4.50 and $5 on the SF peninsula

Maybe this is the impetus to get people in the US to actually consider improving mass transit in urban areas. I know it's not a solution for everyone, but if we can just eliminate maybe 10% of car trips in metropolitan areas it would be a good start.

(Yeah, I have a car, and I use it occasionally. We mostly managed to get by with only one vehicle in this household, but we're lucky to live in a walkable neighborhood)

msfiddlestix

(8,178 posts)
34. Almost $5 a gal here in California. (near me)
Mon Nov 8, 2021, 09:49 AM
Nov 2021

An economic pundit on the tv asked the question to oil company execs and one of the answers was un-effin'-believable.

Blamed the weather we had a couple of weeks ago. It rained 5 inches and did a little damage to machinery.

It wasn't the only item on the list of causes but it was emphasized.

Johnny2X2X

(24,210 posts)
35. GAs should be $12 a gallon
Mon Nov 8, 2021, 09:56 AM
Nov 2021

To cover the cost of gas. We're only looking at the costs of drilling, refining, and transporting it, but the costs to clean up the environment should be paid by the consumers too.

Amishman

(5,929 posts)
37. do that and you'll give the pubs a super majority coast to coast
Mon Nov 8, 2021, 10:37 AM
Nov 2021

the solution to reducing gas usage is better battery tech and obsolete internal combustion engines with superior performance with electric tools and vehicles. Make them want to replace it by bringing something far better to market.

We're so close too, just need better batteries than lithium, preferably using more easily obtainable materials. aluminum ion batteries show promise on paper but need to be perfected.

Johnny2X2X

(24,210 posts)
39. Oh, I agree
Mon Nov 8, 2021, 10:46 AM
Nov 2021

I was just pointing out how we don't pay the "real" cost of gasoline.

And EVs are on the cusp of being superior to ICEs in every possible way. We'll get to that this decade. They're going to be cheaper to build, they're already safer, better performing, and more reliable. Convenience is the hang up in perception only right now, I know people who own EVs, they never need charging stations because their EVs are charging every night in their garages.

fescuerescue

(4,475 posts)
36. Actually this is a good thing
Mon Nov 8, 2021, 10:05 AM
Nov 2021

It's cheap compared to Europe.

And it keeps cars off the road. Less Global warming.

 

newdayneeded

(2,493 posts)
38. I posted this recently
Mon Nov 8, 2021, 10:40 AM
Nov 2021

Titled "how to ruin a presidency"

Your point matches item #1


1. have all the big oil players continue to artificially raise prices...check

2. have a couple of turn coats in congress, bluedogs in the past, two individuals today....check

3. Have the media jump everytime Biden burps....check

4. Have a huge system of right wing radio echoing misinfo about every political and medical topic.....check (for 30 years now)

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