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U.S. gas prices 'crash'
- Thread starter Slayven
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tiggerkiddo
Member
Then I don't need a crash, I need a fifty car pileup. Why can't gas be as cheap when I was a teenager...
It is cheap. You aren't even close to paying for your usage of the public infrastructure built for your car when you fill it up with gas. Nor are you paying for the externalities of burning that gasoline. The general public is paying for that.
I dont really get how rising gas prices is all that much more expensive.
How many times a month are people filling up really for this to affect them so significantly?
More importantly, what are people DRIVING that sucks down so much gas? SUVs have fallen out of favor already.
How many times a month are people filling up really for this to affect them so significantly?
More importantly, what are people DRIVING that sucks down so much gas? SUVs have fallen out of favor already.
Ummm, well no wonder gas is so much more expensive over there.
Alaskanbullworm
Member
Ahh, when I first started driving I could fill up for $20. Yeah it was increasing steadily since then, but when Katrina happened the prices shot up and never came back to those levels since. Filling up for close to $60 for a few years now sucks, but you sadly have no other choice. Lately, I have to fill up every 2-3 weeks, but if I had a full time job right now it'd easily be once a week.
speculawyer
Member
The obvious one would be some entanglement with Iran. But that could actually be a geopolitical event that causes gas prices to drop more if the world is able to strike a grand bargain with them.
Of course oil prices dropping is something that would hurt the Russians badly so don't expect them to cooperate much in getting Iran to do a deal. The world is a messed up place.
My prediction these days: relatively flat oil prices for the next couple years with prices beginning to rise after that. Of course that is just an educated guess and is most likely quite wrong.
You gotta pay for that healthcare somehow. I'd trade dollar a gallon higher gas prices for health insurance.
Growing up, we lived 30 miles away from Tallahassee, where my parents worked and I went to school. Once I started driving to school, that was three cars going 60 miles per day. Each would usually need to be filled at least once per week. That adds up very quickly.
Everyone knows that gas was cheaper in many years ago. However, when I bought my current car in August 2010, I was paying $0.95/litre for gas. This past summer I was paying $1.30/L. Gas prices have been "cheaper" recently at $1.18-1.22/L but the fact that the price of gas increased by over 25% in two years is ridiculous.
gutter_trash
Banned
GAS price goes up = Obama's fault
GAS prices goes up = capitalism is beautiful
GAS prices goes up = capitalism is beautiful
FrostuTheNinja
Member
Yeah, 12 years ago it was a buck. Times are a changin'.
But the overnight increases are nuts. Sucks.
But the overnight increases are nuts. Sucks.
jamesinclair
Banned
Refining problem?
Nope, more like oil industry attempt to jack up prices before the election to fuck over Obama.
http://www.neogaf.com/forum/showpost.php?p=44357941&postcount=204
Broken Hope
Member
We also pay 20% sales tax, vs what in the US, like 6% or in some cases 0%?
We pay for our healthcare in multiple places.
Yeah, there's no such thing as a free lunch. If you want government-funded health care, it has to be paid for via higher taxes.
Personally, I'd prefer it that way, but alas that's not today's America!
Dynamite Ringo Matsuri
Member
Damn, was about to say I had it pretty good at $2.98 the other day in St. Charles
Yup. They could keep it this low all the time and they will still make billions and billions. This is still way too unnecessarily high. Government should force em to lower it to like $1.50. Or lower. Preferably 99 cents. They'd still all be rich, just not as much as they are now.
Nearly 25 gallons (94L) of gasoline?
LegendofJoe
Member
No thanks, we've killed off enough of this planet's vegetation and wildlife already. Higher prices discourage unscrupulous consumption and will eventually lead to viable alternatives.
Higher prices also hurts people who have jobs delivering things and need to pay for gas to do so. That's something society is growing increasingly reliant on. I don't fucking care about the environment when gas prices are making it difficult to live as it is *right now*. Besides, there is no such thing as unscrupulous consumption. If someone paid for their car they should be able to drive it as much as they want without worrying about it too much.
Angry Grimace
Two cannibals are eating a clown. One turns to the other and says "does something taste funny to you?"
I really don't see how one relates to the other. There's a million reasons why, particularly the fact that the US was largely built on the idea of transit by automobile; in other words, cities aren't centrally built in the US.
There are always price wars on Manchester road, I love it.
Slavik81 said:
28 gallon tank. Terrible gas mileage. Thank god the A5 comes in on Friday so I can stop driving this thing daily.
GungHo
Single-handedly caused Exxon-Mobil to sue FOX, start World War 3
Frankly, outside of the US, people are used to bearing the burden of higher taxes/transportation costs for fuel and other goods/services and have made cost of living/lifestyle adjustments accordingly. You also have to consider the reasoning behind the taxes... sometimes taxes aren't just levied to generate revenue. Sometimes they're levied to encourage certain behavior.
There are fuel taxes, but they're not that high. There's one state/jurisdictional tax, and there's an additional federal excise tax of $0.184/gal.
Historically, some of our most expensive branded gasoline stations are the ones that are less than a few blocks from our offices. What does that tell you?
Yes. Winter mixes are different where there are seasonal blends, and demand is lower in general.
The margin is 10%.
It will always be 10%.
You can fiddle with the other lever all you want... they're going to get their 10%. That's the business model. If they can get more, great. But they're going to guarantee that.
Could be worse. Could be pharmaceuticals.
If it was in May/June it was likely building up lower RVP gas for the summer. In certain states the 9.0 RVP gas is replaced by 7.8 and it takes several weeks to build up a supply of it, during which time allocation and operations of refineries are severely limited.
speculawyer
Member
They aren't centrally built in Europe either . . . you just get different behavior when the price of gasoline is much higher.
And in the long run, they made the much better decision. Then again, they didn't have much choice because they never had much oil to work with.
speculawyer
Member
If rised to $10/gallon quickly, it certainly would crash.
However, gas slowly rose to the $10/gallon over a long time, we would have built an economy that can handle $10/gallon gasoline. Norway's economy runs just fine on $10/gallon gasoline (of course they profit from that expensive oil, so that helps).
We need to learn to do the same because someday gasoline will cost $10/gallon. It is not a matter if, only when. Hopefully several decades away but who knows.
I don't care about their margins. If 99 cent gas would force them to sell at a loss, they should just be forced to sell at a loss and deal with that until they can come up with alternate fuel (that's also 99 cents or less).
speculawyer
Member
Make them give you a free pony too.
There's nothing unreasonable about expecting the government to make the country more livable. The price of gas almost certainly contributes to unemployment. Gotta have gas to get to most jobs.
Angry Grimace
Two cannibals are eating a clown. One turns to the other and says "does something taste funny to you?"
While I'm not an expert in European urban planning and geography, my understanding is that European cities are more centrally planned than United States cities.
So tired of the gas price roller coaster. I want to make the jump to electric (Tesla Model S) if it's feasible for me in a year or so.
It would be nice if I could do some kind of 1 month test with an electric car to see if it truly fits my needs, lifestyle, etc. If I want to take a road trip to SF I'd like to be able to do it in my car and not a rental. Can I do it in an electric? How much will charging delay my drive time? Can I take PCH or do I have to stick to the 5? How about driving to Mammoth or even Phoenix? I'd like to really find out what the realities are before making the commitment. Tesla should do some kind of trial program in the form of a 1 or 2 month rental before committing to buy.
It would be nice if I could do some kind of 1 month test with an electric car to see if it truly fits my needs, lifestyle, etc. If I want to take a road trip to SF I'd like to be able to do it in my car and not a rental. Can I do it in an electric? How much will charging delay my drive time? Can I take PCH or do I have to stick to the 5? How about driving to Mammoth or even Phoenix? I'd like to really find out what the realities are before making the commitment. Tesla should do some kind of trial program in the form of a 1 or 2 month rental before committing to buy.
Bay Maximus
Banned
A decent drop to be sure, but calling it a 'crash' is stretching it. So glad I push a Toyota. Looking back on it, I should have got a Prius.
RumblingRosco
Member
If current gas is, let's say, $3.00 / gallon, and you want it to be $0.99 / gallon, but expect the government to some how make up the difference (so, let's just say $2.00 for the ease of calculation) per gallon, and the U.S. consumes ~134 billion gallons annually... yep, the U.S. government would have to pay out about $268,000,000,000 annually to subsidize that difference in price. The annual U.S. budget is around $2.3 trillion, if my memory serves (maybe as high as $3 trillion).
As I was typing this, I was going to argue that you're insane, but looking at the figures, we could slash the U.S. military budget by $270 billion from its current ~$700 billion to drop the price of every gallon of gas in the U.S. by $2.00 while still spending more on our military than any country in the world by a long shot.
Damn.
Also, I'm in a hurry, so if my math sucks I apologize in advance.
blindrocket
Member
I remember paying around that price as well.
My Dad didn't want me to get a Camaro Z-28 as my first car because it would use so much gas. I thought, who cares? It's .75 cents a gallon.
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