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Started By
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1
Posted on 11/17/21 at 5:14 pm to Sao
quote:
What I think is bull shite is how futures months out dictate price at the pump daily. 80 per bbl shouldn't be $3.35 pg.
never got how gas at the pump prices can spike when the price of oil goes up for gas that's already in the tanks, pipelines, trucks, etc., en route to the retailer
Posted on 11/17/21 at 5:15 pm to Sao
quote:
It's great for the Louisiana, Texas and OG sector economy. Families who saw bbl fall to $40 bbl can now go back to a normal life.
sure. there’s work now.
doesn’t mean companies aren’t being effected by all the other issues with this shite economy.
Posted on 11/17/21 at 5:25 pm to 777Tiger
I swear I want to say there are laws in Texas that prevent stations from changing pump price on a tank before the depletion of it. I'll have to look it up again though.
Posted on 11/17/21 at 5:32 pm to Sao
quote:
I want to say there are laws in Texas that prevent stations from changing pump price on a tank before the depletion of it.
there couldn't be unscrupulous, opportunistic gas station operators out there, could there?
Posted on 11/17/21 at 5:34 pm to Eli Goldfinger
Last week in California 
Posted on 11/17/21 at 9:04 pm to Klark Kent
This fricking administration. My god
Posted on 11/17/21 at 9:10 pm to Eli Goldfinger
quote:$5.19 today for 87 this morning for me
87 octane is $3.25 at my regular station today
Posted on 11/17/21 at 9:12 pm to SuperSaint
quote:
$5.19 today for 87 this morning for me
What the frick?!? That’s ridiculous
Posted on 11/17/21 at 9:17 pm to Eli Goldfinger
quote:Luckily sub1, she keeps driving a new ‘09 when you aren’t home.
Luckily, I kept my wife’s 2006 Crv when we got her a new car.
Posted on 11/17/21 at 9:24 pm to Eli Goldfinger
slight tangent...my wife spent $390 at the grocery today, and none of it was Thanksgiving supplies.
3 of us in the house. I know I am an old bastard whose brain is back in the 80s, but damn.
3 of us in the house. I know I am an old bastard whose brain is back in the 80s, but damn.
Posted on 11/17/21 at 9:28 pm to TigerCoon
quote:$40 too much for it to be a legit csb
slight tangent...my wife spent $390 at the grocery today
Posted on 11/17/21 at 9:42 pm to Eli Goldfinger
Paid 2.91 Monday
Passed by earlier tonight & it was 3.33
Passed by earlier tonight & it was 3.33
Posted on 11/17/21 at 9:45 pm to Eli Goldfinger
Trump didn’t import a Saudi’s barrel of oil for like 24 months. And gas was under $2.
Posted on 11/17/21 at 10:04 pm to Eli Goldfinger
here’s how this happens:
Democrats:
STEP 1: Fossil Fuels = bad
STEP 2: Energy Companies = evil
STEP 3: We must phase out fossil fuels
….
STEP 4: Energy companies reduce production
STEP 5: Demand continues to increase
STEP 6: Energy prices sky rocket
STEP 7: Inflation enters the chat
Democrats:
STEP 8: Energy company = evil for causing high prices
STEP 8 was today as President Biden asked the FTC to investigate oil companies. Yes, this is on the current administration and the very out in the open war they’ve been waging against American O&G companies. For who? A couple of purple haired nobodies on Twitter? Or an autistic little girl who yells at people from Europe?
Democrats:
STEP 1: Fossil Fuels = bad
STEP 2: Energy Companies = evil
STEP 3: We must phase out fossil fuels
….
STEP 4: Energy companies reduce production
STEP 5: Demand continues to increase
STEP 6: Energy prices sky rocket
STEP 7: Inflation enters the chat
Democrats:
STEP 8: Energy company = evil for causing high prices
STEP 8 was today as President Biden asked the FTC to investigate oil companies. Yes, this is on the current administration and the very out in the open war they’ve been waging against American O&G companies. For who? A couple of purple haired nobodies on Twitter? Or an autistic little girl who yells at people from Europe?
This post was edited on 11/17/21 at 10:12 pm
Posted on 11/17/21 at 11:04 pm to Codythetiger
quote:
I remember a time in the not so long ago past when I didn't give a frick what OPEC said because I had American workers of all races and religions refining American gas.
It's not just Trump vs. Biden. We didn't hear jack shite about OPEC from about 1985 until a few months ago. I honestly figured they'd broken up, like the Southwest Conference or something.
Posted on 11/18/21 at 12:01 am to Eli Goldfinger
$5.05/gal in San Jose yesterday. But I will take that over a mean tweet.
Posted on 11/18/21 at 1:39 am to hubertcumberdale
quote:
This is entirely an issue of supply and demand. Supply was restricted during lockdowns as was demand, now lockdowns are lifted and supply cannot keep up with demand, like we are seeing in literally every other industry in the world right now.
You know you are exactly right, it’s crazy how the supply and demand curves jumped so suddenly after Election Day 2020 to make the price go from falling to rapidly increasing just as the candidate who had openly opposed the oil industry was elected
Wild stuff those supply and demand curves….
Posted on 11/18/21 at 1:56 am to Eli Goldfinger
Just paid 3.02 per Gal 87
Hutchinson KS
Hutchinson KS
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