Yep. I wonder how we can factor the cost of the 5th Fleet into the pump price?
Oil news not good today
- Thread starter Bailey28
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A side note, consider a 747 jet flying from NY to London then back round trip.. approximately 3,500 miles each way. The jet will consume approximately 35,000 gallons of jet A fuel getting 5 gallons per mile. For a trip that would take just over a day.
Now figure how much fuel you have bought in your lifetime so far. Here are some numbers, perhaps your mileage may vary. Consider you own a vehicle that averages 25mpg. You would have to drive about 900,000 miles to burn 35,000 gallons of fuel, total fuel cost $105,000 with a fuel cost of $3/gallon.
Anyone here besides long haul truckers that may have driven that many miles in your personal vehicles?
And, if Jet A costs $4/gallon on average the round trip above would cost $140,000 in just fuel alone!
I complain about putting $40 into the tank filling up...lol.
Now figure how much fuel you have bought in your lifetime so far. Here are some numbers, perhaps your mileage may vary. Consider you own a vehicle that averages 25mpg. You would have to drive about 900,000 miles to burn 35,000 gallons of fuel, total fuel cost $105,000 with a fuel cost of $3/gallon.
Anyone here besides long haul truckers that may have driven that many miles in your personal vehicles?
And, if Jet A costs $4/gallon on average the round trip above would cost $140,000 in just fuel alone!
I complain about putting $40 into the tank filling up...lol.
Agreed. They also threaten the US fleet.
Do you believe those missiles still exist? Do you believe those sites are still operational?
The Iranians claim, today, that their missiles forced the USS Lincoln to withdraw from the region. Really?
Two days ago they claimed that they had hit the carrier with four ballistic missiles.
Which was not true.
It is the highest form of virtue signaling.EV owners bragging how they are not affected by crude oil prices.
4wd
$50 site donor 2026
Miss that guy
Well, Federal Tax on a gallon of gas is 18.4 cents.
DOD is now 13% of Federal budget, so 2.4 cents/gallon.
Navy gets about 30% of that, so, 0.8 cents/gallon.
Navy has six numbered fleets, two four star commands and lots of support structure. They have to cover the entire globe. So, 5th fleet itself is about 1/10 of that budget, roughly, which leaves it about 0.08 cents/gallon.
That work for you?
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4wd
$50 site donor 2026
Reminds of Gen Tommy Franks and the big flat screens before we had them at home … When he wasn’t in a dog n pony - they’d default to nice maps …
So B Bob gets him some National Geographic maps as a backdrop to talk smack. That’s when I knew it would be short
No need to. It just goes onto the $ 40 Trillion debt.
The Strait is a vital passageway, stability is critical.
Not sure... Are you saying that the Federal Tax on a gallon of gas is all we pay for the the 5th Fleet in the Strait?
I thought that tax primarily funds the Highway Trust Fund, roads and such?
Military funding is through Congress authorization.
My point is simply, it is difficult to quantify what we pay for oil. Again, the Strait is a vital passageway.
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What about the 2008 Oil Futures Trading that drove 1 barrel of Oil to $145? Every winter Houston would shutdown a Refinery for repair and the fuel prices jumped. When I lived in Denver in 2010, there was $0.44 tax on a gallon of fuel. In 2008, Diesel fuel was rationed to 100 gallons for Big Rigs. I would hunt all over the City for Diesel fuel.
I've got that covered at both ends. Earlier I took the Diesel Dually to the store. Later, we'll take the Tesla Model S Plaid to the PO box, and to dinner.
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Not going to place any politics here but,
We've had so many things go up in price in the last six years from every direction. My career is based in the trucking industry, again and again and again as a technician or tow truck driver there's random parts we can't get at all to repair trucks. One month it's group 31 batteries, then mudflaps, or computer chip based things etc.
Everything has been teetering off something else. We are renting right now but need to buy ASAP! After a small house fire, and a bad job situation my family and I need to get into another home but the economy has been teetering on different things, shortages, price changes etc etc.
A new raise in oil prices will further hurt housing from the shipping and supply industry. I work on lumber companies trucks and the fluctuating lumber prices with depending on Canada and shipping problems is totally nuts and does effect the housing issues.
Sad! I can't wait till things are more predictable
We've had so many things go up in price in the last six years from every direction. My career is based in the trucking industry, again and again and again as a technician or tow truck driver there's random parts we can't get at all to repair trucks. One month it's group 31 batteries, then mudflaps, or computer chip based things etc.
Everything has been teetering off something else. We are renting right now but need to buy ASAP! After a small house fire, and a bad job situation my family and I need to get into another home but the economy has been teetering on different things, shortages, price changes etc etc.
A new raise in oil prices will further hurt housing from the shipping and supply industry. I work on lumber companies trucks and the fluctuating lumber prices with depending on Canada and shipping problems is totally nuts and does effect the housing issues.
Sad! I can't wait till things are more predictable
You asked how much Fifth Fleet cost out of a gallon of gas. I ran the numbers.
Now you’re asking a much broader question, and that seems to be: what is economic stability worth?
What does it cost to keep places like the straits of Malacca open to navigation?
We can put a price tag on that, because most of that is the US Navy, but closing that strait would cost the world economy trillions of dollars, and it would be disproportionately placed on those nations that trade with China
So, I reckon question really comes down to who should pay and why?
That is an interesting question, but who should pay, and who is willing to pay, are nearly always different. When piracy was a factor around the Horn of Africa, many nations sent a token number of troops and ships, but the cost was born largely by the United States.
The world benefited.
We paid.
Is that fair? A lot of people don’t think so. However, I think it needs to be viewed in the context of “would we be better off if somebody else took over that role?”
Because the other nations that have the ability to take over that role are not friendly to us. They have already sought advantage in the maritime domain.
I see missiles seem to be OK to talk about. Everyone will delete their stock of them and then it will be quiet for while all the talking heads declare victory. And the beat goes on!
BrendanC
$100 site donor 2024
oil prices help industry. barrel prices in the mid $70’s are a happy medium for consumers and industry.
We are in synch. My "pump price" was perhaps worded poorly. My point was the pump price is not the cost of oil.
Beyond that, I believe we may be saying the same thing as we both cited the importance of a critical resource.
Regarding "fair"; I stoppd looking for fair a long time ago. There is no such thing.
I'm not an expert, but here's my take,
I don't really think the US Navy is out there keeping shipping lanes open, just for the US to be a good global citizen? There is some aspect of that for sure, but the Navy is also used as leverage, either implied or actual, in diplomatic relations. Would China stop trade to the US in the south china sea if the US withdrew? No, as its more important to them than the US or the west, but they would have a lot more leverage with the surrounding countries.
Global trade also benefits powerful interests in the US and elsewhere very much, as does spending lots of money on the military. The US Navy is also used to make sure the US dollar is the dominant global trade currency, which has lots of financial benefits as well.
For the defense of actual US territory and citizens, I'm sure 1/3 the current size of the Navy would be good enough, but business/ diplomatic interests span the globe and having the public pay for the security and leverage for these businesses is a good investment.
I know that's not what they put on the recruiting advertisements, and having more than enough to defend the US and allies physical territory, in almost any scenario is still a very useful function of course. But for the US to start expecting others to pay the US explicitly for the Navy's protection of global trade, starts to sound like a neighborhood thug protection racket...
Global goods trade in US dollars is about $48 Billion per day, and there is about $8 trillion of USD per day in currency exchange, and so the estimated value of the benefits for the US, just for that is ~$400 million per day. That doesn't quite pay for all the the Navy but around half.
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Pump prices locally are up 50-60 cents since Saturday with only a Wawa below three dollars, at $2.999 as of today.
$3.09-3.19 is more typical locally while $2.50-2.60 was the norm just a few days back.
Well, we all knew this would happen so we can't act surprised.
$3.09-3.19 is more typical locally while $2.50-2.60 was the norm just a few days back.
Well, we all knew this would happen so we can't act surprised.
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