Tagged: gas prices
July 1, 2022 2:51 pm at 2:51 pm #2102379
Progressive chazal bring down that when in doubt as to whom to blame for any tzoros that afflict klal yisroel, blame RUSSIA!July 1, 2022 3:28 pm at 3:28 pm #2102380
Gasoline prices typically peak around the July 4th weekend and begin trending down. The average prices have already come down about 20cents/gallon in the past 2 weeks. However, they always come down considerably more slowly than the corresponding spike. I don’t think we will go below $4/gallon until the Ukraine situation is resolved.July 1, 2022 6:58 pm at 6:58 pm #2102433
Gadol, ya, this is simple mnemonic to get used to July 4th – $4 dollars. Thanks, Brandon.July 1, 2022 7:39 pm at 7:39 pm #2102451
AAQ: Not to worry, they will go back up when we impose a ban on Iranian crude exports when they formally break off negotiations on a nuclear treaty and renew their efforts to develop “peaceful” nuclear energy projects.July 5, 2022 11:43 am at 11:43 am #2103401
Gasoline prices typically peak around the July 4th weekend and begin trending down. The average prices have already come down about 20cents/gallon in the past 2 weeks. However, they always come down considerably more slowly than the corresponding spike. I don’t think we will go below $4/gallon until the Ukraine situation is resolved.
I DONT THINK WE WILL GO BELOW $5/GALLON UNTILL TRUMP IS BACK IN OFFICEJuly 5, 2022 1:23 pm at 1:23 pm #2103450July 5, 2022 3:42 pm at 3:42 pm #2103496
To ujm re updated geopolitics of oil. You are correct that my information about major oil producers and international markets for oil are 10 years old. But I did some checking today, and I believe that the US still cannot materially influence the world price of oil. We may have large reserves, but the cost of getting the reserves out of the ground is high relative to the price of getting Saudi reserves out of the ground, and so there is no short-term solution for easing oil or gasoline prices.July 5, 2022 6:48 pm at 6:48 pm #2103522
TO COMMON SAYCHEL IT IS STILL DOUBLE WHAT YOU PAID 2 YEARS AGOJuly 5, 2022 11:52 pm at 11:52 pm #2103586
Real Truth: National average gasoline retail sales prices (regular) were already at $4.80 (before the July 4th weekend) and with today’s drop in crude oil prices below $100/bbl, gasoline prices should drop even further by mid-week. Check the AAA website where average prices for regular and high-test are updated daily. You may still pay up to $6/gallon in Southern California, some stations in NYC etc. but we are talking about a national average sales price.July 5, 2022 11:53 pm at 11:53 pm #2103587
P.S. We did not add any NEW refining capacity during the 4 years of the Trump administration or 8 years of Obama. Much of our existing refinery capacity is configured for “heavy” crude from Venezuela and the mid-East and cannot handle new lighter crude oil from shale gas related production. Until we add new refinery capacity, gasoline price will remain very highly linked to global market prices for distillate product.July 6, 2022 1:06 am at 1:06 am #2103593
wait until you see “cheap” etrogim for “just $100”July 6, 2022 1:06 am at 1:06 am #2103592
huju, for several years, US fracking worked as an upper bound on oil price – the moment price goes above, I think, $60, fracking becomes profitable and US oil flows. Saudis tried to put frackers out of business by keeping prices very low and, for a time, were not successful – frackers were simply pausing operations and then resuming, while fracking costs were slowly decreasing due to tech improvements.
so, if this industry were still healthy – and apparently it is not, in large part, due to government long-term restrictions – current situation was not possible.July 6, 2022 10:32 am at 10:32 am #2103701
to: godal people in the tri state area are still paying a lot for gas
to: always shayches etrogim
bottom line is that moshiach is on his wayJuly 6, 2022 11:10 am at 11:10 am #2103712
@GH the Biden Administration made no new refinery capacity a cornerstone of its energy policy, they want expensive energy to push the so call clean stuff.July 6, 2022 10:55 pm at 10:55 pm #2103899
> moshiach is on his way
Omein. Is he going to subsidize esrogim? (cf. Rav Huna – either vinegar become wine or prices of vinger went up).July 6, 2022 10:56 pm at 10:56 pm #2103900
common > push the so call clean stuff.
news alert: EU just included gas and nuclear back into “green”. Greens are getting red from anger at that.July 7, 2022 12:54 am at 12:54 am #2103909Naftush-2Participant
Dunno how the Federal government should honor my right to cheap gas. However, it’s both an American thing and a Jewish thing to take personal control of matters. A person can lower their own price of gas by, say, swapping their car for one that gets nearly 50 mpg. Yes, I did it. I’m part of a couple, not an eight-person family, so a Chevy Spark with standard shift isn’t for everyone, but. And for city dwellers, bike paths have uses other than angering us about the clothing some bikers wear. That solution isn’t for me — age 68 and living in a rural mountainous area — but. Finally, the smallest car can hold four, not one, and is willing to do so without protest. It takes coordination, but. (We do round up much larger quora for davening.) All this, without mentioning public transit. Combined, they might lower someone’s personal “price of gas” to half or less of what the pump says.July 7, 2022 1:57 pm at 1:57 pm #2104049
I JUST FILLED UP AT A NEARBY GAS STATION FOR $4.84 A GALLON IS THIS NORMAL??
A FULL TANK COSTED ME $70.00 DOLLARS IT IS OUTRAGES THE PRICESJuly 7, 2022 6:20 pm at 6:20 pm #2104272
FYI – if you contemplate biking instead of driving, you are increasing your risk by a factor of 10 v. driving the same distance. Motorcycles are 3x higher than that. (These are 10 y.o European numbers)July 7, 2022 11:25 pm at 11:25 pm #2104364
“A FULL TANK COSTED ME $70.00 DOLLARS IT IS OUTRAGES THE PRICES”
All caps shouting is also “outrages” and does not endow your post with more credibility.
The price/gallon you quote is typical of the national average selling price for gasoline so is definitely not outrageous. Gasoline prices have been trending down the past 10 days and the price/barrel of crude oil dropped below $100/bbl this morning, down 20% from their peak several months ago. Distillate prices are not 100 percent correlated with crude oil prices and vary considerably based on demand and refinery output. They also come down much more slowly than they riseJuly 8, 2022 11:05 am at 11:05 am #2104426
The wholesale price of gasoline has fallen about $0.80 per gallon since it hit its peak about 3 weeks ago. The retail price has not fallen yet, but I would expect it to fall in the next few weeks. I also expect news coverage of the price decline to be much lower than the rise. So lets stop carrying on like Chicken Little and watch what happens with gasoline prices.July 8, 2022 11:10 am at 11:10 am #2104437🍫Syag LchochmaParticipant
GH- I am not seeing gas trending down. Not even creeping down. It is still hovering around $6 which is outrageous
Huju- spoken like a man who can afford the waitJuly 8, 2022 11:53 am at 11:53 am #2104446
כגלגל החוזרJuly 8, 2022 11:54 am at 11:54 am #2104449
Illinois has had the second-highest motor fuel taxes in the nation since Gov. J.B. Pritzker doubled them to 38 cents per gallon from 19 cents in 2019.
Today’s AAA National Average
$4.721 Price as of 7/8/22
Today’s AAA Illinois Avg.
$5.199 Price as of 7/8/22July 8, 2022 12:47 pm at 12:47 pm #2104462
So, if you think gas decrease from $5 to $4.50 is a winning proposition, I suggest you start putting “I did that” stickers on the gas stations with Biden pointing to the “decreased” price.July 8, 2022 2:53 pm at 2:53 pm #2104501
AAQ: Average prices for regular dropped below 5$/gal before the July 4th weekend (when gas prices usually peak) and have gone down further this week to about $4.71. By definition an AVERAGE prices means that some locations will be paying more and others less. There are areas of the Gulf Coast today where gasoline prices are about $4/gallon and elsewhere $6.50 gallon. This is still considerably higher than the $3.25 when Biden took office and then spiked much higher after the Russian invasion of Ukraine. And yes, average prices are unlikely to go much below $4/gallon for the near term.July 8, 2022 3:47 pm at 3:47 pm #2104520
GH, great, so put the stickers up! It was $2.30, not $3.20 in Jan 2021, $3.30 in Jan 2022, so 40% of increase is pre-putin.
But you will find it hard to fight perceptions: if you declare that you are going to kill the industry and ignore saudis, you will be blamed for the ensuring high prices. If you increase supply, then you won’t be blamed at $10/gallon.
This might be also an illustration on how gov people plan: they expected prices to go somewhat higher and gradually, getting their preferred policies at minimum political price. This was done by the domestic team that did not fully considered geo-political risks. As we got no margin, Putin saw his opportunity and used it as weapons. For example, were the Germans start building LNG terminal as they promised Trump but then reneged after the election, Russkies would have different calculation …July 10, 2022 9:14 am at 9:14 am #2104750
To SyagL: I spoke like a woman who knows we all have to wait. If you know of an alternative, please share it.July 10, 2022 1:52 pm at 1:52 pm #2104907
Huju, alternative is to do teshuva for your vote and reimburse Syag for her gas expenses. You can also open a gas refinary or at least, invest in one. Maybe open an responsible investment fund, democrats for cheaper gasJuly 10, 2022 9:04 pm at 9:04 pm #2104939
She can collect directly from Putin.
Might take a while to actually get paid.
When Russia loses, they will be made to pay to rebuild Ukraine and reparations to all the people they transferred.July 10, 2022 10:16 pm at 10:16 pm #2104955
Jackk, if you walk close to a pit and wind pushed you inside, it is your fault that you didn’t maintain safety margin. Government that allowed Putin to threaten world economy is at fault – not only of us paying $5 gas, but enabling this conflict by demonstrating this weakness and enabling russkiesJuly 10, 2022 11:07 pm at 11:07 pm #2104968Yserbius123Participant
I still don’t get why Biden is somehow at fault for worldwide OPEC and Russian controlled oil prices.July 11, 2022 7:05 am at 7:05 am #2105050
@yserbius, because Brandon killed the US domestic oil proction to keep the chicken little envros happy.July 11, 2022 2:09 pm at 2:09 pm #2105186
not just “killed”, but did not encourage further development and production, leading to reluctance of businesses to invest. Also, reducing pressure on allies – allowing Germans off the hook from starting building LNG that T pressed them into; and offending Saudis – who are an only country in the world that can change supply by simply turning the spigot to the left or right. Also, for a failed policy of preventing Russian war – our idea was that the response has to be “proportional” so that even if Russia does a little mischief, they can still be afraid of further escalation. Instead, Russia read it as a sign of weakness.
Again, President does not control all events in the world, Hashem does. So, if he has done his due diligence: encourage oil production, steered allies, scared enemies, then nobody will blame him for whatever bas happens despite his efforts. But as he did not – only 29% believe his frantic effort to find who to blame.July 11, 2022 5:44 pm at 5:44 pm #2105309
Also, previously US fracking worked as a threat for OPEC: if the price stays high for long enough, fracking will start and continue producing even when prices fall. So, OPEC had to keep prices below the limit viable for frackers and the limit was gradually decreasing due to increasing efficiency of fracking.
Right now apparently fracking industry in weakened and is afraid to invest. Most recent “helpful” move from President – EPA discovered that fracking affects ozone and might soon close most productive fracking areas based on ozone measurements. EPA dept head is apparently a guy who was in charge of developed a plan on accelerating transition from oil under Obama, so ozone is just a means to that (according to WSJ 2 week ago).July 11, 2022 5:49 pm at 5:49 pm #2105326
it will go down
it will go up
it will go down
it will go upJuly 11, 2022 6:02 pm at 6:02 pm #2105334
the dems will do everything in their ability to conceal their………..
it goes with gas prices and inflation and imigration they will give any reason but themselvesJuly 12, 2022 10:35 am at 10:35 am #2105479
Price as of
7/12/22July 12, 2022 11:59 am at 11:59 am #2105496
And as GAS Prices get lower and lower , the republicans will do anything to not credit Biden.
It goes with gas prices and children’s formula and gun laws and vaccines and voter rights and insulin and new bridges etc …, they will give any reason but the President and Democrats.July 12, 2022 2:17 pm at 2:17 pm #2105543
@ Jackk high gas prices are a cornerstone of the radical left and Biden caved inJuly 12, 2022 2:17 pm at 2:17 pm #2105545GadolHadofiParticipant
Obviously, all of your tireless efforts to promote Brainless Brandon aren’t doing the job. Perhaps if you start doing so 24×6 and post even more lengthy, verbatim, one-sided screed, you’ll convince someone. I highly doubt it but you’ll never know if you don’t try.July 12, 2022 6:13 pm at 6:13 pm #2105583
Dofi: Pejorative nicknames really don’t enhance your creds…I’ve been fairly selective in my references to the brainless Trumpkopf who is probably ordering Depends XLs by the case given the revelations in the January 6th Committee hearings.
editedJuly 12, 2022 6:14 pm at 6:14 pm #2105585
The Biden administration sold a million barrels of oil from the Strategic Petroleum Reserve to a China-owned gas giant.
is this normalJuly 12, 2022 6:23 pm at 6:23 pm #2105604🍫Syag LchochmaParticipant
“Pejorative nicknames really don’t enhance your creds…I’ve been fairly selective in my references to the brainless Trumpkopf”
Are you for real? My ears must be clogged, I don’t think I heard right. You’re having a problem with name calling the president?July 14, 2022 12:38 pm at 12:38 pm #2106163
Price as of
7/14/22July 17, 2022 12:06 pm at 12:06 pm #2106595
New York Avg.
Price as of
7/17/22July 18, 2022 11:40 am at 11:40 am #2106831
“I think you are projecting values from individual nuts to Republicans overall”.
You are 1000 percent correct.
“I am sure we also over-react to the Democratic nuts”
You are 1000 percent correct.
You continued showing some exceptions . I agree there are exceptions to everything said.
There is a style in the CR which many with DDS and BDS syndrome use and that is to paint everything with a broad brush.
And I was responding to your broad brush.
I disagree with everything you wrote below. The whole post is a mistake. Some of it is factual errors and some are errors in logic.
It was easier to post my own broad brush than to argue with you.
“Dems tend to think about their social priorities, relegating other goals to “good enough” – oil prices not too high today, Russia is not starting WW3 … Eventually, they mis-calculate, inflation stops being “temporary” and everyone is focused on what was the last mistake that caused the disaster. The strategic error came earlier when focusing on wrong things. Flood the world with cheap oil, surround Russia with NATO troops, make our economy strong and enemies weak, and then there will be enough money for all social equity and green innovations. As it is now, Republican administrations accumulate wealth and strength and Dems are spending them.July 19, 2022 5:52 pm at 5:52 pm #2107348modernParticipant
I was in Mexico earlier this month. Gasoline prices a dollar per gallon less than in the US. Why? Socialism. The Mexican government nationalized its oil industry in 1938 and runs it as an economic stimulus program not a profit making enterprise. It is horribly corrupt and inefficient. But the price of gasoline is lower.
In the US, gasoline prices are set by supply and demand. If you don’t like the high prices, drive leas or buy an electric vehicle. Or support nationalizing the oil industry. Those who blame Biden for high oil prices are either hypocrites or closet socialists. The priver oil industry in the US does not want to drill or to open more refineries. It has an absolute right to simply return dividends to shareholders rather than to invest in more production.
Conservatives used to support free markets. Apparently no longer.July 21, 2022 11:55 am at 11:55 am #2107925
Price as of
AAA National Average
New York Avg.
$4.918July 22, 2022 12:20 am at 12:20 am #2108076
Modern, prices are even lower in Persia… But the price of human life is cheaper in those places too… Oil in us is always cheaper than in Europe due to lower taxes. Bidens policies are against the oil industry, so it is not just free market. We discussed this above. Maybe his policies are responsible for only half of the increase and he gets unfairly blamed for all of it. There’s a simple way to avoid the blame;: have pro business, pro people policies
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