Gasoline Price Increase

BullGear

Huckleberry Dillinger
PX Member
Minuteman
  • Nov 29, 2017
    3,973
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    Hazzard County
    Is anyone else seeing about a 10 cent/gal increase? That makes about a 25 cent increase since Christmas in my area.
     
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    Jigstick

    3lbs of Swinging Sirloin
    PX Member
    Minuteman
  • Jul 21, 2017
    1,145
    940
    PA
    Will be jacked sky high to limit the travel of people trying to avoid the gestapo and gulags
     
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    Hobo Hilton

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    Jun 4, 2011
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    OPEC crude output cuts should help U.S. shale profits in 2021

    Hobo
     

    Maggot

    Better to die on your feet than live on your knees
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    Minuteman
  • Jul 27, 2007
    13,849
    10,760
    Virginia
    Not much change here in Virginia, maybe up a nickel.
     

    BuildingConceptsllc

    Don't Start None, won't be none.
    Supporter
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    Minuteman
    Nov 13, 2020
    443
    219
    Alabama
    Get ready for a lot more of it, which means it's all going up and not the least of which is inflation. Better have your money in something that will ride with it. Gold-silver-stocks-bitcoin basket is a good way
     
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    BytorJr

    Major Hide Member
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    Minuteman
    Nov 28, 2018
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    Is anyone else seeing about a 10 cent/gal increase? That makes about a 25 cent increase since Christmas in my area.
    Just noticed this three days ago. But didn’t venture out last week during week. Up about 30 cents I think.
     

    gunman_7

    Sergeant
    PX Member
    Minuteman
    Dec 10, 2006
    897
    419
    Around $2.15 reg south of Atlanta.

    Same in Northern states. Up about 20cents since Christmas, and non-oxy is up even more than that with what I figure is the heavy demand, as non-oxy gas lasts a lot longer when stored.
     

    Steve_In_29

    Semper Fi
    PX Member
    Minuteman
  • Jul 22, 2020
    538
    533
    St Johns, AZ
    I think it was early Dec I paid $2.19 for diesel and now it's $2.35. I don't notice prices much as except for recently (due to doctors appoinments) I was only fueling up about every 5 months. It takes a long time to burn through a 40 gal tank when you only drive 25 miles a week.
     

    TurboTrout

    Sergeant of the Hide
    PX Member
    Minuteman
    Oct 30, 2020
    380
    282
    East Coast
    I just fill my tank, don’t really pay attention to the price of premium.

    Worse case I just figure a way to make more money, lifestyle doesn’t change.
     

    MtnGhost

    Sergeant of the Hide
    PX Member
    Minuteman
    Apr 8, 2019
    202
    248
    Knew this was coming when I learned that China bought up all of the surplus oil last year 💩
     

    8pointer

    Major Award Winner
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    Minuteman
  • Nov 20, 2018
    2,250
    1,906
    Oil’s going up! Good news for my part of the world.
    You in O&G country? The bargain bin shopping of midstream panic selling last summer has been paying off the last month.
     

    Mr.BR

    Private
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    Minuteman
    Oct 5, 2017
    1,624
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    Saudis lost the oil trade war and hiked the prices they are also cutting the output as are some of the other OPEC members.
     
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    madppcs

    Private
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    Oct 23, 2011
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    Forest hill, Louisiana
    You in O&G country? The bargain bin shopping of midstream panic selling last summer has been paying off the last month.

    Same here. Im happy to see prices climb for once in years. When the Auto workers were at risk of layoffs the country came together with bailouts cause the auto industry was (Too big to fail) but hundreds of thousands of workers get layed off and nobody even knows about it.

    For instance a quick google search and this pops up.

    Between march and august alone over 100k layoffs occured in the U.S.
     
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    Krob95

    Elite Sand Master Race
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  • Sep 7, 2019
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    NoCo
    Thankfully oil is up to $52/bbl. Hoping we will see 60 this year, but a lot of the big players in Colorado including the one I work for, are starting to drill new wells and complete wells that were drilled before the bust last year. Gas prices have stayed pretty consistent in my area of Colorado, between 2.09- 2.39 depending on county and if it’s a gas station off the interstate.
     
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    rlarsen462

    Casual Observer
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    Minuteman
  • Sep 12, 2019
    253
    405
    I know guys still getting 8-9 figure backing to start up new oil companies...provided they avoid asset purchases involving federal land and their business model is focused on maintaining/optimizing production and cash flow rather than frenzied drilling/completions and flipping the company.

    No matter how much they want to, they can't ban oil & gas production in the US unilaterally, not on any rapid timeline, would require coordination with the states. And yes, while production decline is a thing, they aren't going to suddenly make everyone P&A every well on federal land, but I do see a federal leasing ban coming. Operators would still be able to drill & complete on existing leases at some degree.

    Most likely if there's any fucking sense remaining (which is questionable), they will probably pick away at it by going after fresh water usage, emissions limits, etc. before they just give a blanket "fuck you" to the entire industry in an already crushed economy.

    But what do I know.
     

    E. Bryant

    STABILITRAK ACTIVE
    PX Member
    Minuteman
  • Oct 25, 2010
    3,260
    3,258
    MI
    I haven't bought gasoline since parking the Camaro away for the winter (or what currently passes for winter), so I haven't really noticed. But it's tough to get too worked up about inconsequential noise such as daily swings in fuel prices; any general conservation about energy prices that starts with the phrase "in the last few weeks..." is unlikely to be worthy of any attention unless something really interesting is going down (and after the past year, we've set the bar rather high for "interesting"). Generally speaking, if prices are too low to be profitable, they will increase.

    The various industries in which I make a living (all transportation-related) would certainly benefit from low prices, but more than anything, they need stable prices. This whipsaw oscillation completely messes up the capital allocation process from the end user all the way through the supply chain, and that's wasteful. An educated guess says that the same thing is true on the production and refining side.

    But we ain't gonna get stable prices at any point in the foreseeable future. We'll see how the capital misallocations play out; hopefully no one gets hurt too badly.
     

    Halfnutz

    Sergeant
    Supporter
    PX Member
    Minuteman
  • Jan 14, 2008
    1,014
    488
    Peoria County, Illinois
    Illinois just added on 11 cents per gallon tax, I was told this morning our lame duck session is try to tack on another 64 cents.
    Missouri sounding like an option, dont worry I'm escaping the politics would not be bringing them with me.
     

    Steve_In_29

    Semper Fi
    PX Member
    Minuteman
  • Jul 22, 2020
    538
    533
    St Johns, AZ
    Over 3 bucks here in NorCal...
    What's funny is that while we were still living in CA and splitting our time between there and AZ, when I would mention that gas cost less in AZ pretty much everyone was surprised to hear that. They thought everywhere in the Country was paying $3+ a gallon like in CA.
     

    Steve_In_29

    Semper Fi
    PX Member
    Minuteman
  • Jul 22, 2020
    538
    533
    St Johns, AZ
    I know guys still getting 8-9 figure backing to start up new oil companies...provided they avoid asset purchases involving federal land and their business model is focused on maintaining/optimizing production and cash flow rather than frenzied drilling/completions and flipping the company.

    No matter how much they want to, they can't ban oil & gas production in the US unilaterally, not on any rapid timeline, would require coordination with the states. And yes, while production decline is a thing, they aren't going to suddenly make everyone P&A every well on federal land, but I do see a federal leasing ban coming. Operators would still be able to drill & complete on existing leases at some degree.

    Most likely if there's any fucking sense remaining (which is questionable), they will probably pick away at it by going after fresh water usage, emissions limits, etc. before they just give a blanket "fuck you" to the entire industry in an already crushed economy.

    But what do I know.
    That's why oil companies applied for and were granted thousands of permits in the waning days of Trump's Presidency. Permits that will last them quite a while.
     

    Smittiac

    Sergeant of the Hide
    PX Member
    Minuteman
  • Oct 8, 2020
    223
    91
    CA
    What's funny is that while we were still living in CA and splitting our time between there and AZ, when I would mention that gas cost less in AZ pretty much everyone was surprised to hear that. They thought everywhere in the Country was paying $3+ a gallon like in CA.
    Yeah, only place I've lived personally that was more was Hawaii.
     

    hic28

    The Legman
    PX Member
    Minuteman
    Apr 2, 2017
    1,335
    3,973
    Luckily all my cars require either premium or diesel....
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    Steve_In_29

    Semper Fi
    PX Member
    Minuteman
  • Jul 22, 2020
    538
    533
    St Johns, AZ
    Yeah, only place I've lived personally that was more was Hawaii.
    CA politicians REALLY dodged a bullet a few years ago. The Carbon Tax they had voted for and which was going to add close to a dollar a gallon just happened to take effect right as gas prices nationally took a nose dive. So while everyone else saw their prices drop, in CA they basically stayed the same. So consumers thought the Tax had zero affect on pricing. Absent that lucky drop and had prices gone over $4 a gallon there would have been lynchings in Sacramento.
     

    Smittiac

    Sergeant of the Hide
    PX Member
    Minuteman
  • Oct 8, 2020
    223
    91
    CA
    Oh I'm very aware of that BS tax, I'm just stuck in Cali until my kids are grown.... lol such is life!