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

[cockerpunk]

recent comments about halving energy costs has got to have the American oil companies PISSED (such a plan would drive them out of business). expect further drops in price before the election.

[rockfan4]

Originally Posted by Sooner or later

Lucky me!


Regular

Does that Loves sell E10 regular or E15? Loves around me don't sell E10 gas anymore, only E15. I'm not going to stop there anymore.

To Steve's question about the spread between regular and premium - yes, as gas prices went up here, the spread became greater until the difference between E10 regular and E0 premium is now $1.00. It has stayed that way as the prices have dropped. There's a few stations that sell E10 premium, I'm not sure what the difference is. No info right now on gasbuddy. There's also stations now selling E0 regular, usually about $0.50 more than E10.

[Sooner or later]

I don't know. I don't use Love's.

[stevej37]

Originally Posted by rockfan4

To Steve's question about the spread between regular and premium - yes, as gas prices went up here, the spread became greater until the difference between E10 regular and E0 premium is now $1.00. It has stayed that way as the prices have dropped. There's a few stations that sell E10 premium, I'm not sure what the difference is. No info right now on gasbuddy. There's also stations now selling E0 regular, usually about $0.50 more than E10.

Thanks for the answer. It looks to me that it is just another way to make more on Prem. When a few stations around here started the larger spread...they all followed.
Lately, some have bumped it up to $1.05 or $1.10 spread.

[Por_sha911]

Back during the "gas crisis" in the mid 70's, I saw a sign for regular gas that was really cheap! Thinking I got lucky, I jumped in there and started fueling only to realize they were quoting liter prices in N.Y. I was so mad. Never bought gas there again.

[Shaun @ Tru6]

Just filled up the BMW and holy fck it was $3.89 a gallon. That I'm not complaining about! At $3.69 the PSM button on the Cayenne dash would be pressed a lot more too. That thing is like a drug. An expensive dangerous drug.

[WPOZZZ]

Hahahaha! I put my 997 and my S4 into Sport mode once in a while and Wow, they sure are fun!

[Shaun @ Tru6]

The one good thing about higher gas prices is the button stays fun. At $3.29 it would be easy to make it the norm.

I'm moving to a new shop. I should never listened to the naysayers years ago about putting a solar grid on top of my current building roof, would have saved well into 5 figures in e- for the company and gas for cars getting a Chevy Bolt as a company car. Definitely a 2025 project for the new shop.

[Sooner or later]

Regular $2.68 down to a low of $2.59
Premium as low as $3.04. A lot of $3.17
Diesel $2.87 to $2.95 or thereabouts

[cockerpunk]

we are at 3 a gallon flat, continuing to fall.

[Shaun @ Tru6]

down to $3.83 for 93 yesterday. Great news for moving cars around with the Cayenne.

[RNajarian]

Originally Posted by cockerpunk

we are at 3 a gallon flat, continuing to fall.

Come to California, gas is nearly $5 a gallon.

Strange since many oil refineries are located in Southern California

[Arizona_928]

That extra dollar and change in tax per gallon adds up.

[Sooner or later]

Originally Posted by Shaun @ Tru6

down to $3.83 for 93 yesterday. Great news for moving cars around with the Cayenne.

Originally Posted by RNajarian

Come to California, gas is nearly $5 a gallon.

Strange since many oil refineries are located in Southern California

California is basically on an energy island. Increased shale production has a difficult, expensive path into California. Plus, Cali refineries are geared to heavy crude while the shale revolution has produced huge amounts of light sweet.

[Sooner or later]

There is good chance that gas prices drop another 20 or 30 cents a gallon before Thanksgiving.

[stevej37]

Been slowly dropping here.....$2.75/reg and $3.75/prem.

[look 171]

Been banging on the pedals on my new (to me) turbo S. Gone through my third tank so far but when I get into it, the mpg sure drops like a stone. Filled up last night, yep, those numbers are right on, high 4s to about 5 bucks for premium. I hate going to get diesel because its always over 130 bucks. Thankfully I never need the truck for work but I sure pay up the azz for delivery.

Our wonderful governor made some noise about closing all oil refinery by a certain year. Woohoo. Let the country sink into the fking abyss.

[look 171]

What's with the slight price drop anyway? Election year ?

[Shaun @ Tru6]

Originally Posted by look 171

What's with the slight price drop anyway? Election year ?

No.

1. Oil is bought and sold at the global level
2. U.S. oil companies pump what they want because capitalism (so many folks on the Right want to nationlize the oil industry so we have cheap gas but that's another story.
3. Oil pumped by U.S companies isn't "our" oil. It's priced and sold on the global markets. Some stays here, some goes overseas.
4. The Saudis can pump and ship oil to the U.S. cheaper than we can pump it (S or L can provide details)
5. The U.S. is currently pumping more oil than it ever has and more than anyone else in the world
6. OPEC+ will have to do something about (more than they have been) that because capitalism

[Sooner or later]

Weak global demand projections,. China in particular. US continues to set production record after production record.

OPEC+ has backed off of planned increased production quotas due to the slower demand growth and fear of an oil glut next year. Even with that announcement crude prices dropped.