Gas Price Ramifications... Not Good

BMWTurboDzl said:
You have no clue as to what percentage in the rise of gas prices is attributed to policy changes in Q1/2021. The fact you're ignoring the ~$1T in direct payments to taxpayers from 2020 through 2021 AND that oil prices were at pre-pandemic levels at the time exposes your bias.
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I find it amusing that you accused me of NOT talking about Gasoline. When that is exactly what I was talking about.

YOU brought up Ukraine and oil. Now you're backpedaling. Discussing anything with you is clearly a waste of time.
 
Oil companies love those regulations that keep anyone from building a new refinery. Not that they would do it anyway, another refinery is the last thing that they want. Keeping refinery capacity tight is how they fix the price of refined products. Exporting refined products is the same as exporting refinery capacity.

The price ratio between a gallon of gas and a barrel of crude (refinery profit) keeps going up.
 
SC Maintenance said:
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.

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%.
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That was a neat chart. Yet it is quite a bit different than the reality we see when trying to shop or do any type business all around our area. Managers and owners etc.. are all dealing with constant employee shortages. Some report they get absolutely zero applicants for several job positions. Walmart Tire & Auto Center often can not even open some days due to worker shortages they can not fill or keep up with. This is not intended to be picking on any group/age of people. It is just the facts we deal with here. Happy for those who live place where it is not your reality like it is ours.
 
JeffKeryk said:
And we drive a lot... What you may be missing is, you make more money here. Economics teaches us market prices will tend to rise until consumption falls to an unacceptable level. The only real way to reduce prices is when an acceptable alternative enters the market.

Back to today's malady, I was worried violence would occur; there were older citizens, children, etc in a crowded place. It could have gone bad. I just wanted them to let it go; let it end. Sure Silverado made a mistake, but the other guy raised the tension way over the mark. Not good.
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Speculators are the real reason gas prices are up, nothing more. It's a knee-jerk reaction.
 
bladecutter said:
Don't worry, the prices will only go up more when it's "summer time driving season", and when a refinery or two go "down for maintenance", but then prices will mysteriously drop in about 7 months time, and all of this will be forgotten.
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I say lets open a few more refineries? Who has a couple hundred spare acres?
 
ATex7239 said:
I’m the opposite. I typically look for what I need.
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+1

I put my wife at the front of the line (because she's sensible), the kids next and myself last. I don't want much, I enjoy the simple things in life, but this might be also because I don't have much compared to others. Further, I don't put the carriage before the horse and then try to justify it.
 
Its what its been for decades. People are not sitting at home.
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well, many ARE sitting at home, more than ever, making Youtube/Gofundme/onlyfans videos, and sitting around at home smoking pot, banging potatoes, unemployed, living at parents rent free, and have alcoholism. A top ten LOLcow on KiwiFarms, that dresses like a pirate...
Styxhexhammer666
He is not the only one, I know of some Gamers that are this bad.
 
I drive 75 miles RT for work 5 days a week. I will ‘try’ to fill up in the evening, or on a weekend, before prices ‘usually’ go up.
But if I need gas, I get gas…no way around that!
 
JeffKeryk said:
Well, it is also a for-profit business, so there's that.
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Yes they are for profit, above all else. Mr Global YT’er has been in the gas and oil business his whole life. He generally has a good feel for the markets and the 2020 oil deal as he points out in several videos resulted in the 2021 $5 gas.
Here is a video from eight months ago. It appears he had a crystal ball as he pretty much nails the very situation we are currently experiencing.

 
JeffKeryk said:
My thread is about people behaving badly at a gas station that is always crowded because it has the lowest prices. Specifically, many are on edge because of the price hikes.
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Gas prices average at just over $4 nationally in June of 2008. Adjusted for inflation that is almost $6 today. In other words, current average of $3.56 adjusted to 2008 would have been about $2.39 at the time - half the all time high. Many people feel that was the trigger (not the cause) to initiate the GFC at that exact moment?

Maybe people are just generally nuts and gas is the trigger?

1773800149734.webp
 
SammyChevelleTypeS3 said:
That was a neat chart. Yet it is quite a bit different than the reality we see when trying to shop or do any type business all around our area. Managers and owners etc.. are all dealing with constant employee shortages. Some report they get absolutely zero applicants for several job positions. Walmart Tire & Auto Center often can not even open some days due to worker shortages they can not fill or keep up with. This is not intended to be picking on any group/age of people. It is just the facts we deal with here. Happy for those who live place where it is not your reality like it is ours.
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Its the same. There are not enough people because we have our largest cohort - the baby boomers, retiring and wanting to buy services, while we have very small cohorts joining the workforce. Supply and demand, and as you can see, that smaller group is employed already. No slack in the supply chain.

Of those people available and willing to work low paying jobs, no one wants to work for Walmart because they pay slightly less than starbucks, Chik Fila, Chipotle, etc.
 
SS is reporting people are lining up at gas stations in Thailand. They aren't reporting bad behaviour though. Regular gas is still at about $1 US per liter or roughly $4 per gallon. However, stations are running out and many have no gas or diesel to sell. Their price didn't climb sky high, but they are running out. Prices in US and Canada are jumping, but we have plenty. Which to choose? People there are reporting no kerosene and oil for heat in the Northern mountain areas.
 
$4.79 for 93 at my local Shell today in central VA. Costco would be much less, didn't check first but wasn't worth the drive...plus I needed a Monster.
 
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