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I paid $3.21 a gallon in Wythville VA this am at a Circle K
Later in the day I paid $3.90 at Buc-ees in Sevierville TN |
County average $5.38 here.
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87 octane is about 3.599 here on the cheaper stations. I'm about 20 miles north of NYC, but our area is in the restricted part of lower NYS. I just drove an hour north of me to the closest non etanol station to get 91 non ethanol at $4.799, down from $5.859 2 years ago. That's about the same as 93 octane 10% ethanol in town.
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$3.11 and $3.77 at Sams today.
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$3.47/reg $4.47/prem. at Walmart today :mad:
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Intersting. The CPI Inflation Calculator says the 24 cents I paid for gas in 1960 is equal to $3.20 today.
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Fresno California Chevron credit price for super was $6.14 yesterday. Pretty bad when the motorcycle costs $30+ to fill up & the car is over $100
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Still around $2.89 for regular.
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Speedway Akron $3.60 for 87 |
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Gas prices might be staying high for some time
Reuters
OPEC+ extends deep oil production cuts into 2025 By Ahmad Ghaddar, Alex Lawler and Maha El Dahan June 2, 20249:08 AM EDTUpdated an hour ago LONDON/DUBAI, June 2 (Reuters) - OPEC+ agreed on Sunday to extend most of its deep oil output cuts for 2024 but to start phasing them out in 2025, as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival U.S. production. Oil prices trade near $80 per barrel, below what many OPEC+ members need to balance their budget. Worries over slow demand growth in top oil importer China have weighed on prices alongside rising oil stocks in developed economies. The Organization of the Petroleum Exporting Countries and allies led by Russia, together known as OPEC+, have made a series of deep output cuts since late 2022. OPEC+ members are currently cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand. The cuts include 2 million bpd by all OPEC+ members, the first round of voluntary cuts by nine members of 1.66 million bpd, and the second round of voluntary cuts by eight members of 2.2 million bpd. OPEC+ extended the the first round of cuts until the end of 2025 from the end of 2024, the group said in a statement. It also agreed to extend the third round of voluntary cuts into the third quarter of 2024, OPEC+ sources said, adding that more details were being worked out and would be announced on Sunday. The countries which have made voluntary cuts in the second round are Algeria, Iraq, Kazakhstan, Kuwait, Oman, Russia, Saudi Arabia and the United Arab Emirates and Gabon. The same countries except Gabon participated in the third round. The group also agreed to allocate the United Arab Emirates a higher production quota of 3.5 million bpd in 2025, up from the current level of 2.9 million. OPEC+ also postponed the deadline for an independent assessment of its members' production capacities to the end of November 2025 from June 2024. The figures will be used as guidance for 2026 reference production levels. OPEC+ will hold its next meeting on Dec. 1, 2024. |
Doesn't seem to be going down........
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Still way too high!
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Hmmm.........
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I'm not happy when I fill up my truck or get gas for the lawnmower. It costs about $5 a week to keep my grass cut. OTOH, every time I drive by my solar panels in my Chevy Volt I smile. Gas has been bouncing around between $3.50 and $3.25 here for a couple of months. I try timing the market and got lucky when I filled the truck this week. |
We are like puppets and OPEC+ is pulling our strings. We need to get control of our economy, not leave it in the hands of OPEC+.
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One of the largest refineries in Texas (Deer Park) was sold by Shell to Mexico. Mexico doesn't refine, they let us do it for them. Less gasoline for domestic use, they do it for spite and profit.
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OPEC cutting production to hold prices up seems a short sighted strategy. Although EV’s are still stratospherically expensive…high gas prices may help consumers rationalize the cost. The more EV’s on the road, the more pressure on OPEC, no?
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What percentage of electric cars are on U.S. roads? From Experian's numbers, 1% translates to 3 million new and used electric cars on U.S. roads — out of 288.5 million registered vehicles of all fuel types — as of the third quarter of 2023. That's up from the 2 million electric cars on the road in 2022, and by 2030, the National Renewable Energy Laboratory predicts there could be 30 million to 42 million EVs on U.S. roads.. That is just the US and the projected numbers are total EV's, not per year. Then, of course, power required and the infrastructure needed. I support the effort, I am just realistic about logistics. |
^^^^^^^^ Gasoline here is over $5/gal. Diesel is even more expensive. I'm lucky I only drive my Ford van once in a while & actually mostly to exercise it since I don't drive it much. We mostly use my wife's EV for everyday driving. I just got my true up statement from the power company, and my monthly cost for powering an electric house and car came to around $45/mo. That's also thanks to my solar panels. CA will eventually pass a mileage tax (in addition to the approx. $1.60/gal. gas tax) to make up for the revenue lost from EVs and increased fuel efficiency of gas powered vehicles). Even that won't hurt too much (I hope), since at this time in life, I drive less.
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