Gas prices are... um well, wait a minute

[JavaBrewer]

My local Chevron has now gone over $7/gal for 91 octane. Those wild “conspiracy theories “ of $10/gal is toeing the the line of reality…and I think it’s going to get far worse

[911SauCy]

Gas is down to $3/gal -ish here in CT. Just in time for mid-term elections

[KFC911]

Originally Posted by 911SauCy

Gas is down to $3/gal -ish here in CT. Just in time for mid-term elections

Could the inverse apply? Absolutely....

[GH85Carrera]

I stopped for gas yesterday. I have an option to buy it, but I avoid the gasohol. I use the 87 no corn content for my El Camino and lawn equipment.

I find it interesting that the price bump from the huge government subsidies makes E-10 so much cheaper. And the price bump from regular to premium is not that much.

[Sooner or later]

10% ethanol lowers price by 13.6%...

[KFC911]

I bought no-E 90 for 4.04 two days ago....

Regular 87 at my goto station has been at 3.07.... not even a typical storm spike.

[KFC911]

Well... that didn't last... filled up yesterday at my regular station ... 3.07. Drove by it this morning.... twas 3.49.

[cantdrv55]

We are getting screwed royally in CA!!

[stevej37]

$3.97 for reg here today.

[gacook]

Originally Posted by cantdrv55

We are getting screwed royally in CA!!

Nothing new.

[cantdrv55]

Yeah Well now it’s $6.70 for regular. That’s the most I’ve ever paid for gas, effin’ ever’

[Racerbvd]

Going back up here too.

[KFC911]

Originally Posted by cantdrv55

We are getting screwed royally in CA!!

Why are gas prices double what many of us pay? Follow the money....

Where's Rusnak.... out in his punkin' patch I'm sure, but wish he'd chime in with his "insider's" perspective to explain it.

[Sooner or later]

Multiple reasons
Gas tax in Cali is high
They have strict gas standards for refineries to meet
If Cali shortages happen refineries outside of state can't send in supply since they don't meet Cali standards
I believe Cali has 17 refineries. 6 of those have been down for normal fall scheduled maintenance or unplanned downtime. Supply is very tight.
Just like there is a "Porsche tax" there is a Cali tax.
I am sure there are other causes.

[stevej37]

$3.97 yesterday for reg.
$4.44 today!

This is the reason they are giving...
"One of the biggest factors driving the increase continues to be a BP Refinery in Ohio that was shut down last month after a fire."

[rfuerst911sc]

Just filled up the wife's Volvo , paid $3.029 for 87 octane .

[Skillet83]

Originally Posted by Sooner or later

Multiple reasons
Gas tax in Cali is high
They have strict gas standards for refineries to meet
If Cali shortages happen refineries outside of state can't send in supply since they don't meet Cali standards
I believe Cali has 17 refineries. 6 of those have been down for normal fall scheduled maintenance or unplanned downtime. Supply is very tight.
Just like there is a "Porsche tax" there is a Cali tax.
I am sure there are other causes.

Dude, you cannot make up your logic. Let me know when you wake up to facts. BTW, Joe asked the Saudi's to pump more, (even gave a fist bump), then they just cut production by 2MM B a day. How is that gonna work out? It is amazing how we went from energy independence and a net exporter to the mess we are in on a world scale in less than 2 years. PARF or not, our leaders blew it all up with green policy at all cost. Those are facts cupkake.

[Chocaholic]

Vote in November.

[Sooner or later]

Originally Posted by Skillet83

Dude, you cannot make up your logic. Let me know when you wake up to facts. BTW, Joe asked the Saudi's to pump more, (even gave a fist bump), then they just cut production by 2MM B a day. How is that gonna work out? It is amazing how we went from energy independence and a net exporter to the mess we are in on a world scale in less than 2 years. PARF or not, our leaders blew it all up with green policy at all cost. Those are facts cupkake.

The question was why California was higher than other states. I listed some of the reasons. They are accurate.

Besides that, your "facts" are wrong

We have been, and still are, a net energy exporter.

We were a net energy exporter at the end of 2019. We were a net energy exporter in 2020. (Consumption crashed in 2020 so it is not surprising we had a high net export during the last half of 2020) We were a net exporter of energy in 2021. We are still a net exporter in 2022. Crude release from the emergency reserve makes it more difficult to determine the current extent of net export.

The following gives an explanation.
https://oilprice.com/Energy/Energy-General/The-US-Is-Still-Energy-Independent.html

The following is info from EIA from earlier this year.
https://www.eia.gov/energyexplained/us-energy-facts/imports-and-exports.php

You can go the the following and see the latest raw data for net crude (net import for decades) and all petroleum products (net export). Pick the data you wish to review.
https://www.eia.gov/dnav/pet/PET_MOVE_NETI_DC_NUS-Z00_MBBLPD_M.htm

Also, OPEC+ cut the quota by 2 million a day. OPEC+ has been missing the quota by 3 million a day for months on end. Saudia Arabia, UAE, and Kuwait have managed to hit past quota. Other members have missed by millions of barrels a day. I do expect SA, UAE, and Kuwait to see less output moving forward. I also expect the other members that have missed past quota to continue to increase their production. I am sure that those increases will not make up for the losses of the other three. The cut will still be significant though it won't be 2 million a day. Hopefully a million which is still significant. (A million is a very optimistic hope)

[Fast Freddy 944]

Originally Posted by cantdrv55

We are getting screwed royally in CA!!

Vote republican then. DERP! Dam liberals!