How’s your fuel prices

[GDP]

Looking out my office window I see more RVs on the highway than I've seen in years. I'd say there's still plenty of demand to keep those prices up unfortunately.

 

[zacattack]

Another kid I know bought a Tacoma in 2019 for 20,000.00 has put about 20,000 miles on it and has it listed with interest for 30,000.00 right now. I told my mom the other day that if you need one piece of information to know things dont make sense, its that used vehicles are an asset right now.

Something will have to give, either wages increase or pricing comes down. That is my theory but people on the west coast have been saying that for 40 years and it hasnt really happened there.

I have a 2019 Tacoma with low miles that gains value every day. At some point I might trade it in for a new one and possibly break even or make money.

The 22 to 23 mpg is pretty nice too. My old truck got like 15.

 

[ODB]

You made the point right there. The admin seeks to EXPORT less oil. Meaning keeping more oil here. Biden administration actually approved more drilling permits on the first 100 days than Trump did all 4 treats of his tenure.

I don’t understand how people tie fuel prices to the man behind the desk in the Oval Office….

It has been said before in this thread but it is worth repeating, these prices are a result of Covid. Demand dropped so low many refineries and wells were shut down. Not that everyone is back to our “normal lives” demand is back up, and through the roof, so the oil companies are making us pay for their losses in 2020-21. No different than the auto industry right now, or housing market. Blame it on the President, whoever it is in office, whatever party he represents, but in reality Big Business is sticking it to us.

If you really want this to change, STAY HOME. Cancel your weekly camping excursions, use less fuel. But do what you have to, to make a living, but think twice about that next trip. Drive demand down.


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What happened to permits after the initial bump? Hint: they dropped like a rock and stayed there.

If you e been paying attention to the rhetoric, you’ll notice the increasing use of the word “transition.” This is an intentional shift as part of the large move to “green” energy. Nudge people enough from the bottom with high prices and from the top with ESG scores, etc, and you have a recipe for politicians and activists exerting disproportionate power on the masses.

The fact is that they don’t want cheap energy - if they did, they would build nuclear.

 

[ODB]

Looking out my office window I see more RVs on the highway than I've seen in years. I'd say there's still plenty of demand to keep those prices up unfortunately.

That will end.

 

[CorbLand]

Looking out my office window I see more RVs on the highway than I've seen in years. I'd say there's still plenty of demand to keep those prices up unfortunately.

I think a lot of people know this is not stopping and are trying to get stuff done before it really gets out of reach. Currently for many, fuel prices just suck...add another dollar or two and they will be out of reach.

 

[2buffalo]

Drilling permits spiked then plunged under Biden

The number of oil and gas permits approved by the Bureau of Land Management for drilling on public lands declined to its lowest number under the Biden

www.eenews.net

Just broke $5.00 for regular here. That's for 87 octane.

 

[zion zig zag]

tLooking out my office window I see more RVs on the highway than I've seen in years. I'd say there's still plenty of demand to keep those prices up unfortunately.

The freeway here is full of them. Most of them towing a boat, SXS or truck bed full of dirtbikes too.

 

[ODB]

By the way, if anyone scoffs at the mention of ESG, you must educate yourself on what it is. These are scores companies get for investing in environmental, social, and governance goals. They are intentionally vague so as to be flexible enough that they can be used for anything.

See Exxon/Mobil’s here: https://corporate.exxonmobil.com/-/...estor-relations/ESG-Disclosure-Summary-v2.pdf

 

[MallardSX2]

The lake was full of power boats pulling people on tubes and skis all last weekend. I was cringing at what it was costing them.

2 things come to mind:

- SOME people still have a LOT of expendable income.
or
-People are maxing out their credit cards and have the "I cant take it with me attitude" still.

Personally, I think that when fall gets here and there is a huge food shortage and the prices skyrocket I think a lot of people will regret not staying at home more this summer.

I hope I am wrong.

 

[RyanT26]

The lake was full of power boats pulling people on tubes and skis all last weekend. I was cringing at what it was costing them.

2 things come to mind:

- SOME people still have a LOT of expendable income.
or
-People are maxing out their credit cards and have the "I cant take it with me attitude" still.

Personally, I think that when fall gets here and there is a huge food shortage and the prices skyrocket I think a lot of people will regret not staying at home more this summer.

I hope I am wrong.

My family and I were out at the lake this weekend. It was packed. It is very difficult, almost impossible to book a spot until after Labor Day. The weather was good and the lake was packed boats and jet skis. Luckily both our camper and boat are paid for, we are more on the budget side. There’s a lot of people with e 200,000 to 275,000 tied up in there Camper, boats, pickups, and SUVs.

People have been forced to stay home, and cooped up the last two years. To put it nicely they are sick of it. You want to stay home a 3rd year go for it. I am not, nor am I staying home this fall.
I think you’re too optimistic on food shortages. We are already seeing weird shortages of certain items, this week it was milk. Everything at the grocery store is more expensive then it was 2 years ago.

 

[JJJ]

Is everyone ready to sell their gas cars and buy electric now? How’s your ESG scores? Have we solved climate change yet? When will the solar and wind replace the 61% of fossil fuel-generated electricity in the US? Doesn’t it feel good to DO good? How’s everyone’s food bill? Ready for rolling blackouts?

This guy gets it. Forced compliance for the great reset

 

[Agross]

Just jumped for the fourth time in a week.
5.19 gas
5.59 diesel

 

[MallardSX2]

People have been forced to stay home, and cooped up the last two years. To put it nicely they are sick of it. You want to stay home a 3rd year go for it. I am not, nor am I staying home this fall.
I think you’re too optimistic on food shortages. We are already seeing weird shortages of certain items, this week it was milk. Everything at the grocery store is more expensive then it was 2 years ago.

I understand that part of it as well. Trust me.

Glad you folks had fun.

 

[mtnbiker208]

I need my whitewater runs. Tank of gas wednesday and saturday to run my raft down a whitewater section of the st joe. Whitewater don't last more than a few weeks, got to get it while you can.

 

[Andrew12gauge]

My family and I were out at the lake this weekend. It was packed. It is very difficult, almost impossible to book a spot until after Labor Day. The weather was good and the lake was packed boats and jet skis. Luckily both our camper and boat are paid for, we are more on the budget side. There’s a lot of people with e 200,000 to 275,000 tied up in there Camper, boats, pickups, and SUVs.

People have been forced to stay home, and cooped up the last two years. To put it nicely they are sick of it. You want to stay home a 3rd year go for it. I am not, nor am I staying home this fall.
I think you’re too optimistic on food shortages. We are already seeing weird shortages of certain items, this week it was milk. Everything at the grocery store is more expensive then it was 2 years ago.

I haven’t stayed home any more than I normally would’ve the last couple of years, and whether others have or not has nothing to do with the fact that right now those same people are dropping a large percentage of their incomes on fuel for toys and it’s not sustainable when they already can barely afford the payments on those toys


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[RyanT26]

I haven’t stayed home any more than I normally would’ve the last couple of years, and whether others have or not has nothing to do with the fact that right now those same people are dropping a large percentage of their incomes on fuel for toys and it’s not sustainable when they already can barely afford the payments on those toys


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I agree that it’s not sustainable and I know my post came off as snarky. Didn’t mean to. I should’ve read that before I posted it.
I don’t see how we continue on with fuel prices increasing like they are or even staying at this level for too long. Then you add in all the other factors such as inflation, home prices, etc. I don’t understand how there’s not going to be a whole lot of bad things coming down the road but what the heck do I know.

Wheat harvest is around the corner in my part of the world. I run a combine for a friend of mine. He is figuring what is fuel consumption and cost was going to be this year. It’s downright staggering what it’s gonna cost to run 2 combines, 3 trucks, and 1 tractor/grain cart for a day. All that added cost has to be passed on somewhere.

 

[Laramie]

Jumped 25 cents a gallon here overnight... up to $5.19 for 87 non-ethanol. Getting pretty stupid.

 

[Brooks]

Biden says to calm down it’s only a transition period. Pretty soon you can buy a $1000,000 EV and we won’t need fuel. FJB

 

[zion zig zag]

Do people in other countries blame Biden for the increase in gas prices? Or just whomever is in charge at the time that they didn’t vote for?

 

[2buffalo]

Do people in other countries blame Biden for the increase in gas prices? Or just whomever is in charge at the time that they didn’t vote for?

Are you saying nothing Biden has done has contributed to inflation and high gas prices because he is who you voted for? Did you blame the former president for anything in the previous administration or just chalk it up to bad luck whenever anything went wrong?