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Rising Gas Prices

T

TravelTime

TUG Member
Joined
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Messages
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Location
California
Resorts Owned
All Resale: MVC DPs, Marriott Ko Olina, Marriott Marbella, WKOVR-N, Four Seasons Aviara
Yesterday, I paid $5.20 per gallon at my “cheap” no-name gas station. We are going to Tahoe on Sunday. I told my husband to fill up the tank before we go because gas is always significantly higher over there. We go to Hawaii next month. Yahoo!

————————————-

…. On Monday, the national average was $3.61 a gallon,according to AAA. By comparison, the average U.S. gas price was about $2.65 a year ago.

In California, where prices are now averaging $4.82 a gallon — up 5 cents from last week — the situation is already grim. A year ago, the Golden State’s average pump price was about $1.16 cheaper….

…At one Chevron gas station in Los Angeles county, customers are paying $6.25 per gallon over the weekend, causing them to dig deeper into their pockets at the pump…

… However, a defining characteristic of the current inflationary environment is consumers that complain, but ultimately pay for goods and services that have reset at higher levels….

apple.news

Drivers 'blown away' by spiking gas prices as Ukraine-Russia crisis fires up oil — Yahoo Finance

Gas prices are marching toward $4 per gallon, and in California are already above that level, as Russia's invasion of Ukraine puts oil prices on a tear.
apple.news apple.news
 
Back in 2012, I thought I would never pay under $3.50 for gas again in my life. Then, prices dropped, and everyone seemed to forget how expensive gas could be. Basically, when you buy gas, you're dollar-cost averaging....I buy the same amount of gas at $2/gallon as I do at $3.50 (the weekly national average has been hovering between $3.50-$3.60/gallon.) But, then again, I don't own a large SUV. I actually buy less now because I only do my commute about 2-3 times per month, vs. 3-4 times per week.

Also, what we pay for gas is still *far less* than most other countries, and that's reflected in the choices we make (why SUV and large trucks tend to be more popular here than in other countries.)
 
amycurl said:
Back in 2012, I thought I would never pay under $3.50 for gas again in my life. Then, prices dropped, and everyone seemed to forget how expensive gas could be. Basically, when you buy gas, you're dollar-cost averaging....I buy the same amount of gas at $2/gallon as I do at $3.50 (the weekly national average has been hovering between $3.50-$3.60/gallon.) But, then again, I don't own a large SUV. I actually buy less now because I only do my commute about 2-3 times per month, vs. 3-4 times per week.

Also, what we pay for gas is still *far less* than most other countries, and that's reflected in the choices we make (why SUV and large trucks tend to be more popular here than in other countries.)
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Maybe gas prices are also up since fewer white collar people are driving due to work from home. Gas stations also need to make up for losses since 2020.
 
Back in the mid-aughts I was paying over $4 per gallon in northeastern Ohio. Paid $3.29 at Costco Tuesday less the 4% cash back on gas purchases awarded yearly for using their credit card. There are other ways to save $$ at the pump e.g., here we have the Giant Eagle GetGo cents off per gallon depending on how many groceries you buy at their supermarkets.
 
Gas in our area went from 3.19 to 3.39 to 3.59 to 3.79 in the past week. There are definitely things the government can do to encourage US oil production that would gradually lower price, but they are afraid to upset the green energy fanatics. We are still a long way from being able to eliminate oil, so it would be better to produce it here than buy it and ship it from Russia and OPEC countries. I suspect our oil production practices are much cleaner than theirs. Higher US production means higher global supply, thus lower oil prices.

We usually experience about .20 increase this time of year due to the shift to the summer blends. Perhaps they can wave that requirement this year. I've read several studies that show the summer blends are no better to the environment than the regular blends. Each metro region has their own special blend so they can only buy it from a few refineries, resulting in less competition. I would expect that many areas have similar conditions, so I don't understand why they can't reduce the number of special blends so they could be more widely available. Is the air in Cincinnati or Columbus that different than Indianapolis? Refineries also use this time of year to reduce production for maintenance which also causes gas price increases.
 
Current price of oil is $110 for WTI (US benchmark grade) and $114 for Brent (EU benchmark grade). Gasoline/Petrol will go higher. . .
 
Gas is around $4/gallon near me in NJ for regular. I think it is around $4.80 for premium.

I am going to take MPG into serious consideration when I replace my car. My MDXs gets only around 16 MPG. The older one only takes premium. I don't think I would buy an EV, but I would consider a Hybrid.

If you think gas went up a lot, I was at Food Emporium yesterday and was looking at some prepared good. An item that we have bought in the past went from $2.99/each in the summer to $3.99 in the fall and was just increased to $4.99. That is a 66% increase.
 
Do you think of any of the insanely wealthy oligarchs really care about the peasants of the world. They are descendants of the rulers and czars that watched millions die as they lived their lives of luxury.
 
joestein said:
Gas is around $4/gallon near me in NJ for regular. I think it is around $4.80 for premium.

I am going to take MPG into serious consideration when I replace my car. My MDXs gets only around 16 MPG. The older one only takes premium. I don't think I would buy an EV, but I would consider a Hybrid.

If you think gas went up a lot, I was at Food Emporium yesterday and was looking at some prepared good. An item that we have bought in the past went from $2.99/each in the summer to $3.99 in the fall and was just increased to $4.99. That is a 66% increase.
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Salmon at Costco was $8.99 a few months ago and was $12.49 today. I noticed many items at Costco increased this week. I think the rising shipping costs are a key reason for the increase. Higher fuel prices impact everything we buy and do, so I don't understand why no serious efforts are being made to increase our production.
 
Superchief said:
Gas in our area went from 3.19 to 3.39 to 3.59 to 3.79 in the past week. There are definitely things the government can do to encourage US oil production that would gradually lower price, but they are afraid to upset the green energy fanatics. We are still a long way from being able to eliminate oil, so it would be better to produce it here than buy it and ship it from Russia and OPEC countries. I suspect our oil production practices are much cleaner than theirs. Higher US production means higher global supply, thus lower oil prices.

We usually experience about .20 increase this time of year due to the shift to the summer blends. Perhaps they can wave that requirement this year. I've read several studies that show the summer blends are no better to the environment than the regular blends. Each metro region has their own special blend so they can only buy it from a few refineries, resulting in less competition. I would expect that many areas have similar conditions, so I don't understand why they can't reduce the number of special blends so they could be more widely available. Is the air in Cincinnati or Columbus that different than Indianapolis? Refineries also use this time of year to reduce production for maintenance which also causes gas price increases.
Click to expand...
Agree with all of that.
 
emeryjre said:
Do you think of any of the insanely wealthy oligarchs really care about the peasants of the world. They are descendants of the rulers and czars that watched millions die as they lived their lives of luxury.
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Yes, that is so true.
 
Filled up for the first time since we got to Molokai. Only 2 gas stations in here and they both have the same prices.

20220302_163937.jpg
 
PigsDad said:
What? This post has been here for over seven hours and we still haven't gotten our first "I have an EV so I don't buy gas" post! :ROFLMAO:

Kurt
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I'm in the process of buying a hydrogen fuel cell vehicle. So, I'll get gas. H2, specifically. But I won't actually pay anything for it for three years.

This works out to "free car for me." It's a shame there aren't more H2 stations. 20 seconds on a calculator proves the numbers are outstanding.
 
It doesn’t help that we willfully reduced domestic production by 3m barrels a day.
 
I can't say anything because it would be so political. But I thought some one said the inflation would only last a short period of time. I think it was said about 8 months ago
 
slip said:
Filled up for the first time since we got to Molokai. Only 2 gas stations in here and they both have the same prices.

View attachment 48149
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Not too bad. I guess we will not have any sticker shock in Hawaii next month. I drove by Chevron today and regular was $5.30 and premium was $5.70. I am bracing for major stick shock in Tahoe on Sunday. It is usually at least $.50 more than here.
 
geist1223 said:
I can't say anything because it would be so political. But I thought some one said the inflation would only last a short period of time. I think it was said about 8 months ago
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I think higher prices are likely here to stay. Labor costs are way up so how can prices go down? Everything will adjust upwards and we will just be living at a new higher pricing level. Our local McDonalds is paying $18 to start and we are 3 hours outside the San Francisco Bay Area. I can only imagine what McDonalds pays in the San Francisco Bay Area.
 
TravelTime said:
Not too bad. I guess we will not have any sticker shock in Hawaii next month. I drove by Chevron today and regular was $5.30 and premium was $5.70. I am bracing for major stick shock in Tahoe on Sunday. It is usually at least $.50 more than here.
Click to expand...

No, from California it won't be too much of a change for you. I think Oahu was $4.79 a gallon when we left.
 
slip said:
No, from California it won't be too much of a change for you. I think Oahu was $4.79 a gallon when we left.
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Wow, what a deal! We were worried Hawaii gas would be higher than here.
 
MrockStar said:
Hopefully you will drive less now that your retired and on Molokai.
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So far we have gone into Kaunakakai town everyday but we had shopping and DMV stuff we had to do. We are 13 mile's from town so 26 miles round trip. So about a gallon round trip for us. It should slow down for us now so we should drive less overall. No stop lights here so we get better gas mileage. Oahu was all stop and go for my daily work route.

While we were into today, I noticed rhe other gas station was not the same price. They were about 15 cents higher.
 
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