Gas prices — wowza!

[Superchief]

I expect the war in the Middle East will drive gas prices up in the near future. We will likely need as much oil as possible to be produced in Alaska, the rest of the US and Canada to avoid the impact of higher prices and reduced availability for oil from Russia, Iran, Saudi Arabia, and Venezuela. The sooner that exploration and production are opened up here, the better we will be able to protect ourselves from actions by non-friendly countries. Even with improvements in green energy, oil will be needed for a long time and we are fortunate to have plenty of it available if access is granted.

 

[Krteczech]

We drove about 230 miles in CO today and I noticed advertised prices from $3.09 -6.09 per gallon. Quite a range to choose from

 

[jasavak]

Its $2.65 in Texas, but im in Mexico today and paid 23 pesos per liter . About $5.00 ,per gallon. It took $120 ,to fill up. Pretty tuff because the wages are only $150 per week

 

[youppi]

I expect the war in the Middle East will drive gas prices up in the near future. We will likely need as much oil as possible to be produced in Alaska, the rest of the US and Canada to avoid the impact of higher prices and reduced availability for oil from Russia, Iran, Saudi Arabia, and Venezuela. The sooner that exploration and production are opened up here, the better we will be able to protect ourselves from actions by non-friendly countries. Even with improvements in green energy, oil will be needed for a long time and we are fortunate to have plenty of it available if access is granted.

In 2022 from https://www.eia.gov/tools/faqs/faq.php?id=727&t=6, USA exported more petroleum than they imported.
So, the high price is good for US petroleum companies and the US Government (if tax is a %) but not for simple US citizens.
Full data per year:
U.S. petroleum imports by country of origin
U.S. petroleum exports by destination
U.S. net petroleum imports by country

 

[moonstone]

DH just got back from town (Coldwater, ON) to fill up our Smart Car before we put it in winter storage. It takes premium, and the cost was $2.099 Cndn per liter.
That works out to paying the equivalent of $5.80 US for a US gallon, or $7.95 Cndn for a US gallon or $9.54 Cndn for a Cndn gallon. (based on todays dollar rate of $1.37)
I used this website https://www.mississauga4sale.com/Gasoline-Conversion-Calculator-litres-gallons-us.htm#LtoGal to make those calculations.

So as I've said before when people south of the border complain about their gas prices 'quityerbitchin' and be glad you aren't buying gas up here!

We are looking forward to paying cheap American prices starting Sunday for a few months!


~Diane

 

[Superchief]

In 2022 from https://www.eia.gov/tools/faqs/faq.php?id=727&t=6, USA exported more petroleum than they imported.
So, the high price is good for US petroleum companies and the US Government (if tax is a %) but not for simple US citizens.
Full data per year:
U.S. petroleum imports by country of origin
U.S. petroleum exports by destination
U.S. net petroleum imports by country

The problem with exports and imports is the assumption that the markets are open. With the current global situation, Russia imports are not available for the US and most European countries, Imports from Iran and Venezuela to the US are almost zero, and the Saudi imports could be impacted by unrest in the Mideast. A vast majority of imports to the US are from Canada. The US and Canada also have much cleaner production of oil than most other countries. My point is that we need to maximize our ability to produce as much oil as possible so we don't have to import it from OPEC countries. I'm surprised to see how much we export to China and other Asian countries. China is the greatest threat to US security, and control 70% of the 'green energy' exports today, including wind turbines, solar panels, and electric car key components.

 

[emeryjre]

You might check the process for the production of tar sand oil before you get excited about the clean production methods of Canadian Oil

This is an old article but most of the information related to how the oil is produced and resulting waste is as true today as it was in 2015

10 Threats from the Canadian Tar Sands Industry

At every turn, the Tar Sands Invasion would put people and the environment in harm's way.

www.nrdc.org

We import a lot of oil from Mexico as well