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Started By
Message
Gasoline
Posted on 4/29/20 at 5:17 pm
Posted on 4/29/20 at 5:17 pm
Just wondering. Shouldn’t we be at a point where 100% gas is cheaper than the 10% ethanol grade of gas?
12
Posted on 4/29/20 at 5:18 pm to coonasswhodat
I have no clue...I also have no clue why the gas station down the road from me went up 10 cents over the last two days
Posted on 4/29/20 at 5:18 pm to coonasswhodat
Gas is still $1.79/ gallon for 89 in most of St Tammany.
Posted on 4/29/20 at 5:20 pm to 4LSU2
I am not refering to octane, refering to 100% gas being cheaper than 90% gas + the 10% ethanol additive.
This post was edited on 4/29/20 at 5:21 pm
Posted on 4/29/20 at 5:20 pm to coonasswhodat
Gas is like crawfish. No logic on pricing because you’re going to buy it.
Posted on 4/29/20 at 5:21 pm to coonasswhodat
Think you're overestimating the cost of corn
Posted on 4/29/20 at 5:22 pm to LSUsmartass
US Oil Fund did a reverse stock split
Posted on 4/29/20 at 5:23 pm to PipelineBaw
I was under the impression that our government was subsidizing the growing of corn for ethanol. I am not afraid to admit I could be 100% wrong.
Posted on 4/29/20 at 5:23 pm to coonasswhodat
Also, if you don’t do something with your thread title, this is gonna get the anchor.
Posted on 4/29/20 at 5:28 pm to coonasswhodat
What I don't get is when the price of oil goes down, gas goes down but motor oil doesn't. It's also bullshite that diesel costs so much more than gas, but that's been a problem for years now.
Posted on 4/29/20 at 5:30 pm to coonasswhodat
The only reason gas is not $4 above cost is because most states have laws that target obvious gouging, so gas only gouges you just enough to fly under the radar.
Posted on 4/29/20 at 5:34 pm to coonasswhodat
Price of ethanol is basically set by the price of gas not the cost of producing. Many if not most of the ethanol plants have shut down selling ethanol except for what is mandated by the government. Most gas blends have a limit posted on the maximum amount of ethanol it may contain but that doesn’t mean that it has any at any given time .
Posted on 4/29/20 at 5:36 pm to coonasswhodat
Federal tax is ~18¢ per gallon and state tax another 20¢ per gallon. I don't know what the refining cost is, but it isn't much. 30 or 40¢ per gallon, tops. Demand is at a record low.
They're fricking us.
They're fricking us.
Posted on 4/29/20 at 5:36 pm to High C
EXCEPT...as it relates to crawfish : too much rain/water= price goes up, too little rain/water= price goes up, too cold/cool= price goes up, too warm/hot=price goes UP !
Then add in the 'timing' of these events is either too early or too late...and you guessed it, price goes UP...LMAO !
Then add in the 'timing' of these events is either too early or too late...and you guessed it, price goes UP...LMAO !
Posted on 4/29/20 at 5:39 pm to High C
Title made me click.
Me and whodat probably think alike?
Me and whodat probably think alike?
Posted on 4/29/20 at 6:11 pm to The Mick
quote:
US Oil Fund did a reverse stock split
To bad you can't short ETFs. Dilute shares/RS/repeat
Posted on 4/29/20 at 6:15 pm to tickfawtiger
quote:
EXCEPT...as it relates to crawfish : too much rain/water= price goes up, too little rain/water= price goes up, too cold/cool= price goes up, too warm/hot=price goes UP !
Then add in the 'timing' of these events is either too early or too late...and you guessed it, price goes UP...LMAO !
Didn't realize Louisiana had such a large Jewish population.
Posted on 4/29/20 at 6:19 pm to High C
quote:Poontang is a better analogy.
Gas is like crawfish. No logic on pricing because you’re going to buy it.
Just saying.
Posted on 4/29/20 at 6:19 pm to High C
quote:crawfish are like $0.50 right now
Gas is like crawfish.
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