When gas got north of ~$4 around 2009 (??) here in VA, I worked at a mine about 60 miles from my house. Lots of folks commuted long distance for a job like this and the parking lot was all big pickups. When that happened, I remember a bunch of scooters and cheap beater cars replaced those trucks HHAHA. I had my '00 Jetta and remember those guys making fun of it b/c before that I was the only car in the lot; I carpooled with a buddy during that time. It's always made sense (to me at least) to have reasonably fuel efficient vehicles. I have zero sympathy in 2026 for gas at $4 whatever causing drama. Inflation adjusted our fuel is cheap and should be much higher than it is based on simple inflation.
Gas Price Ramifications... Not Good
- Thread starter JeffKeryk
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New administration policies start to really have an inflationary effect in 3/2021. Almost a year BEFORE the Ukraine invasion.
https://www.federalreserve.gov/economy-at-a-glance-inflation-pce.htm
The memory fades...
We're talking about the price of oil not general price inflation. This is the price of oil adjusted for inflation.
Nice deflection.
YOU may be trying to steer the conversation as only being about oil.
I AM talking about general rampant inflation, and the policies and regulations which went into effecting the cost of a finished gallon of gas. The price of oil itself is only part of the equation. The price of a gallon of gas reached an all-time high in the summer of 2022. That after it had been steadily climbing since March of 2021, and had been doing so for almost a year before the Ukraine invasion. Just as I stated.
I recall that the sole excuse for the price of gas being that high at that time, was put forth by the powers that be and the mainstream media, was it being the result of the Ukraine invasion. It was an attempt to abdicate responsibility for policies and regulations which had the real effect of costing Americans more. It works, if you ignore the nearly full year of general rampant inflation, including gas prices, BEFORE the Ukraine invasion occurred.
Now spin that however you want...
Most people shut their engines off while in line. I even do that at Costco if it's really busy.
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I personally dont drive Every Day. Im retired, im not out there commuting to my job or a parent driving / picking up school children. So i can go buy gas when it price drops in the evening .
As i mentioned earlier, to each their own. What works for me may not work for another.
Lol, i know all about Asian drivers lining up around the block! See it all the time in my city.
Actually, it sometimes makes the tv nightly News.
Police can ticket drivers for blocking a lane or staying in the entry exit part of the gas station lot. Impeding traffic flow can result in a traffic fine. They are a major reason i hate going to a gas station during a big price drop. I go much later at night or drive further out to some semi desolate part of the city with a lonely quiet gas station.
No sympathy either. Some people purchase/live based on the moment and not the future. Gas is cheap - get a truck. Received a bonus or inheritance - go on a vacation or a shopping spree. Interest rates are low - get a mini mansion sized house. I’m the opposite. I typically look for what I need first and what I want second. Like our vehicles are economical and fuel efficient first and are newer second. We looked for what we needed first then added what we wanted second. When you start with wants in mind first you usually end up with more than you need and likely can afford in the end.
San Diego weather compared to Ohio worth every penny a gallon
While I don’t disagree with that. I’ll take my acre of land on a river with a payment that wouldn’t get me a 1 bedroom in CA. There’s trade offs for everything. I can buy a motor home and go south with money to spare and still keep my home.
Soon, of these high gas prices persist, it will be a good time to buy a big truck or an SUV.
I don't have to.
Nice deflection.
YOU may be trying to steer the conversation as only being about oil.
I AM talking about general rampant inflation, and the policies and regulations which went into effecting the cost of a finished gallon of gas. The price of oil itself is only part of the equation. The price of a gallon of gas reached an all-time high in the summer of 2022. That after it had been steadily climbing since March of 2021, and had been doing so for almost a year before the Ukraine invasion. Just as I stated.
I recall that the sole excuse for the price of gas being that high at that time, was put forth by the powers that be and the mainstream media, was it being the result of the Ukraine invasion. It was an attempt to abdicate responsibility for policies and regulations which had the real effect of costing Americans more. It works, if you ignore the nearly full year of general rampant inflation, including gas prices, BEFORE the Ukraine invasion occurred.
Now spin that however you want...
You implied there was gas price inflation in 2022 and there was no war. I proceed to show how you were incorrect because the cost of oil shot through the roof due to the war in Ukraine you then said you meant a war the US wasn't involved in which is silly because any war involving a major oil producer impacts fuel prices world wide. The graph clearly shows that the cost of oil and gas wasn't impacted by anything other than war.
Now you pivoted again to say you mean general inflation and try lay veiled blame on a prior Administration which is absurd because you couldn't be more wrong and this thread is about gas prices.
Why don't you start a different thread because this one is about gasoline.
My generation (Gen X) and my kids Generation (Gen Z) are much smaller than Boomer / Millenial generation. 25-55 employment as a percentage is pretty much what its always been - close to 85%. 25-54 is considered the key age - too old to likely be in school, too young to retire. Its what its been for decades. People are not sitting at home. I have posted it many times here but confirmation bias here is strong.Totally agree. YET they still have HELP WANTED signs everywhere that you never really saw before then. All those people who filled those jobs found ways to live and not work anymore.That , or an alien mother ship landed and took them all away. Or they snuck off and went where the Anasazi vanished to?
The other part is a lot of the "help Wanted" are not hiring. They pretend there trying so the current workers don't get as disgruntled from being overworked. Linked in just did a HR survey of HR managers where something like 30% admitted they posted jobs that weren't real just to make it look like they were hiring. If 30% admit it, you know its probably 60%.
Yes it is, and it's now March 17. As far as I can tell the (one) above graph is not adjusted for inflation and yes you can easily interpolate the inflated price for the last few weeks.
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SIDE NOTE: It's interesting to me that crude prices are a world priced commodity (do vary by type), even though the supply could be similar or different in several places - the price is the price (at a snapshot in time)..........yet gasoline price varies widely by region. They both have added value, yes crude oil much less, but the regional delta price % doesn't make intuitive sense. So taxes take up some of that delta. Transport types I suppose. Regional costs - land, expenses, etc. Still some places vary - 87-88 octane - by $2.50 gallon????
Yeah, but there's a worldwide shortage so we're probably exporting a little more than we were. Dollars are at least flowing back into the States.
I was watching a main stream news program where the announcer said the USA produces 22 million bbls per day of crude oil. Actually that’s not true. It produces 13.5 million bbls per day and imports 8.5 million bbls per day for a total of 22 million bbls per day.
No, that is wrong also - if you wish to nitpick. I think your numbers might be "equivalents" - ie refined product and other things. Yours still seem quite high?
We import something like 6 MBPD, and we export 4 MBPD or so. Houston exports. Others import. Its all about transport and mix.
We also are the world's largest LNG exporter, which is where we get to the "net exporter" part.
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I've heard about the 100 MPG carburetor many times over the years.
You'd better be careful! The Men in Black will find you and take it back, if they know you have it!
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