Well Unleaded Regular is finally under $3/gal in Simpsonville, SC. Going for $2.96/gal at the nearby Walmart Market. Probably will get the Crossfire filled up tomorrow as Unleaded Premium is going for $3.65/gal at the same Walmart Market. Gas Buddy says I can get Unleaded Premium for $3.61/gal at a nearby Spinx station.

Haven't seen gas prices this low in awhile!

 

We are a dollar higher here.

 

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Far as I am concerned, it is STILL TOO HIGH. Let's get back to cheaper gas and leave the gas-powered cars alone while everyone plays with perfecting these EV's. Shifting all these gas-powered vehicles to 'other countries' isn't the answer, just look what happened with air conditioning business and the freon based industry (all this did was move almost all the older tech outside the US). Poor A/C techs cannot keep up with the ever-changing gasses/fittings/tools, costs went through the stratosphere!

 

Just imagine that you have made money when you fill it one day and the next day it goes up in price.
On top of that your car is worth more, win, win.
Naturally the reverse is sadly true, but moaning gets us nowhere.
Put a few gallons in when the price is up and fill it when the price is down, that’s about all you can do.
You could walk, cycle, use public transport but who wants that hassle?

 

Sorta my thinking. Took the Crossfire Coupe today to fill up since it was showing just over 1/4 tank on the fuel gauge. Much to my surprise, when I got to the nearby Walmart Market, the price for Unleaded Premium had dropped to $3.559 per gallon.

 

This price drop In gas is not to be confused with better times but can se seen by handwriting on the wall........

*i believe the looming election has a HUGE influence on manipulating economic events and the reporting thereof.
*The pilfering of the Strategic Petroleum Reserve adds danger to our situation by lowering the cost.
*The Oil Industry is not spending $ on future exploration development which dims our economic future.
*we are exporting Natural Gas To Europe and selling our SNR to China.
*Treasury Sec. Yellen said this week in Dearborn that the Energy Decisions by the Administration are making the future brighter for all Americans.
*America is doing nothing to stop this War on Energy.

Your guess on the price peg gallon mid November ??? Enjoy your Ride.

 

It ALL can be summed up to one simple statement. GET 'IT' TILL THE GETTING IS NO MORE! By that time, no one will be able to survive because the animals will rule (animals in the abstract). We're almost there right now, teetering, all over the world (the 'rules' no longer apply so the 'animals' will rule).


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"*i believe the looming election has a HUGE influence on manipulating economic events and the reporting thereof.
*The pilfering of the Strategic Petroleum Reserve adds danger to our situation by lowering the cost.
*The Oil Industry is not spending $ on future exploration development which dims our economic future.
*we are exporting Natural Gas To Europe and selling our SNR to China.
*Treasury Sec. Yellen said this week in Dearborn that the Energy Decisions by the Administration are making the future brighter for all Americans.
*America is doing nothing to stop this War on Energy."

November can't come soon enough..............

 

NOTHING will change in November. Politics is not about facts or even (any more) ideology.
Politics is about BELIEF. People now vote like it was a religion, it does not matter what a political candidate does, what matters is what they say and what the voters want to believe.



Now that I am part of the conversation and have posted, it would be a conflict of interest for me to enforce the rules against politics.
Perhaps if we keep it low key, we can get away with this. Stay civil, everyone.

 

CLEARLY two different things regardless of Party. Sadly the reality of politics......

 

Diagnosing mystery no start is no different than diagnosing high gas prices.

Lordy Lordy Lo and Behold there being some wide eyed zealots (kneeling at the altar of the Internal Combustion Engine) who dare to speak about edicts and policies and bully tactics that will be the end of the Industrial Revolution as we know it. Quite possibly Western Civilization.

 

My point is that they SAY what the voters want to hear.

The voters respond by voting for them - no matter what said political figures do or have done or will do. And this applies to both parties.

 

Another considerationI understand the basics of the market influences of supply and demand relative to their effects on increasing and decreasing prices of products purchased in a free economy. My limited detailed technical knowledge of how gasoline is produced is defined as being a fully automated process performed within a petroleum refinery. Simply stated, crude oil enters the refinery and exits as a ready-to-use gasoline or diesel fuel product. The human labor content of this operation is basically fixed and minimal when compared with other types of product manufacturing.

Public knowledge of what the real market cost is to produce a gallon of gasoline is unknown which is okay in a free market economy. We hear almost on a daily basis the market price for a barrel of crude oil is the prime number that the petroleum industry uses as a reference for adjusting the market price of gasoline, diesel, and other petroleum products.

I have been trying to understand how the radical changes in the price of gasoline is determined. My simple analogy tells me price changes occurring at the pump are not consistent or closely connected with the changes in the price of crude oil. As previously stated, refining of crude oil into gasoline is an automated process. Let’s assume 1 barrel of crude oil contains 50 gallons. If the market price of (1) barrel of crude oil changes by +/- $1.00 USD this should change the cost of producing (1) gallon of gasoline by +/- $.02 ($1/50gallons). I do believe what we pay at the pump is a lot different than my simple analogy.

 

Speculation, and the greed associated with making money. Futures and the gamble of making more or losing your buttocks. Plus, the fact, that we have agreed (by contract) to deal in a world market that prevents the US from keeping the oil in the country (pricewise) so the rest of the world has a 'standard' to gauge what the end price will be for x hour, week, month & beyond. (drops mic).


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Let's not do that. Why not go to "energy.gov" and post this:

 

Your first stop on figuring this out is a study of economics, without that, you are groping in the dark. The price of gasoline is WAY more volatile than, say, shoes, paper or even milk. WHY?

BECAUSE: The harnessing of energy is the fundamental change that came about during the industrial revolution. It took many of us away from the basic tasks of raising food (because harnessing of energy meant that farmers could produce so much, that most of us can pursue interests other than growing food); this led to a TREMENDOUS change in how our world functions. Energy and energy prices drive EVERYTHING and you will NEVER change this.

But it ALSO means that fluctuations in the gasoline supply (and petroleum supply, of course, since that's where gas come from) will drive hysteria and instability. Examples:

1) If gas prices are rising and I have 8,000 gallons in tanks at my station that I paid a low price for, I MUST raise my prices FAST so I have the capitol to pay for the next expensive trunkload.
2) The average consumer (who has an IQ of 100, but operates like their IQ is 45) will run out and buy "gas before it goes up more" - meaning demand just temporarily went up, driving up instability even more.
3) Energy is used to distribute and provide energy - in an unstable market, this is like "charging interest on interest" - it becomes a vicious cycle that no one can control.

But the above is not an answer to your question, and it's not meant to be. It is only a start.

When in college, I thought economics was going to be boring and I'd get my worse grade in those classes. As it turned out, I earned a 4.0 in both classes, I learned a LOT and the experience made me way less frustrated an angry about economic matters - only because I understand WHY stuff like this happens. You can blame greed or politicians or other countries or 'rich people' or dull-witted consumers or whoever you think is the problem. OR, you can understand what is really happening. Sure, policy and the profit motive are invovled, but then again, who here gives ANYONE a break when it comes to dollar bills? Not a damn one of us, the dollar rules all, and that is true for everyone who posts on this forum - and everyone who doesn't.

 

.......as has been mentioned, bad consumer decisions and greed have played a small part in the rising cost of gas, but The MAJOR reason is the production in western nations has been slowed or stopped because of Green Energy Policies.

Western nation inflation is being driven by higher energy costs as a result of less energy products being produced, oil, coal, gas. Western banking groups have raised interest rates to slow down the economic engines to meet the drop in energy production.

All of this is being done with intent, purpose and control. We are witnessing our managed decline.