Gas prices dropping soon?

[Bikeman315]

Since this thread is about gas prices, not EV's, let's get back to it.

Inching closer to sub $4.00 per gallon (93).

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[sk47]

Since this thread is about gas prices, not EV's, let's get back to it.

Inching closer to sub $4.00 per gallon (93).

Hello; Part of the price of gas are the policies against fossil fuels so the EV bits are relevant. I will continue to discuss EV versus ICE when it fits.

 

[sk47]

I would have a exterior wall charge cord tether type deal on face of garage maybe drill a hole through a brick or replace one brick with a opening/charge cavity.
I like the idea of charging in driveway and not the garage personally.

Hello; I moved an exterior water faucet a few years ago. Had to drill thru the brick in the new spot to insert a new frost free spout. Then had to remove a few brick and replace them to fill in the hole where the old faucet had been. I learned that my original mortar had some black tint in it. Had to buy some mortal dye and experiment to get the shades to match.

Anyway the drilling out for the new faucet was a much easier job. If an outside charge port has some sort of nice backing plate it could look OK.

 

[Bikeman315]

Hello; Part of the price of gas are the policies against fossil fuels so the EV bits are relevant. I will continue to discuss EV versus ICE when it fits.

Come on Jeff, give it a rest. You and I are going to be in the ground long before EV's take over the world. I bet you were really against the mandate to remove lead from our gas too but it still happened. There are some things that no matter how much you argue aren't going to change.

 

[Gregs24]

Inching down closer to £7.70 a gallon here (slightly bigger gallon)

About £6.40 per US gallon

say $8.40 per US gallon

 

[Bikeman315]

Inching down closer to £7.70 a gallon here (slightly bigger gallon)

About £6.40 per US gallon

say $8.40 per US gallon

As one of my favorite TV & movie characters once said...........

“You know Americans. Bunch of bitchy little girls.”

 

[Gregs24]

The key problem it seems is that there is NOT a shortage of oil in the market. OPEC are concerned that pumping more oil now will actually cause the oil price to collapse later in the year. It is uncertainty about Russian oil and gas that is fuelling the price rises.

 

[sk47]

Come on Jeff, give it a rest. You and I are going to be in the ground long before EV's take over the world. I bet you were really against the mandate to remove lead from our gas too but it still happened. There are some things that no matter how much you argue aren't going to change.

Hello; So you are back to the mind reading trick you have used in other threads. You do not know what i think. The only think thing of concern for me when lead was removed from fuel was valve seats in older cars. For a few years we were concerned the old style valve seats would be damaged without the lead. I ran some heads with original valve seats in a 1963 Oldsmobile and did not have a problem. I would likely have hardened seats in old heads if I rebuilt them.

Lead being gone allows for much longer exhaust system life. Mufflers last a lot longer than in the old days.

I can recall back in the 1950's learning how to do drum brakes by watching an uncle. He would blow out the brake dust. It was a cloud of brake dust loaded with asbestos at the time. So yes there were some things done in the past which were not good.

Thing is currently in real time an agenda against gasoline and diesel is being pushed by policy and in some states by legislation. My view is the agenda is more based on "feel good " thinking than real world considerations.

My plan is to live forever and I am doing OK so far. I will rest if and when that plan fails.

 

[Bikeman315]

The key problem it seems is that there is NOT a shortage of oil in the market. OPEC are concerned that pumping more oil now will actually cause the oil price to collapse later in the year. It is uncertainty about Russian oil and gas that is fuelling the price rises.

Exactly. There is no shortage in the US either. We are still below pre-Covid production levels and oil industry plans on keeping it that way. Why? Greed!

 

[LSchicago]

Prices are on the rise again. A short squeeze drove prices crazy but now supply and demand will put prices where they should be. Where that is who knows.

They are dropping by me in the Chicago area. I paid $3.99 to gas up my van yesterday. I paid $3.89 the day before the war started to fill it last time.

 

[Gregs24]

Without Russian oil there is a shortage. OPEC doesn’t have to ability to fill that hole.

The problem is the cheapest Oil to extract has been found and used and the more expensive oil to extract is needed to balance the market. Fracking is a perfect example. Wells quickly lose their output from the day they are drilled. This requires a certain oil price to make the project viable. The same goes for oil sands or even in Saudi Arabia. The world will never run out of oil but what percentage of that barrel it takes to extract it is rising. Cost for everything from machinery to lubricants is also rising further driving this along.

The world has swam in super cheap energy for a long long time. The largest companies in the world are companies that provide services. Ask yourself this question. Should the largest companies in the world provide something I don’t need or something I must have?

When you answer that question you have just answered why we have this Russian mess.

Saudi Aramco ramps up investment to boost production - BBC News

 

[Bikeman315]

That is about where it should be with a week lag time in prices. Gas is up 10% in the last week. I think another 10% by mid April is reasonable if nothing changes.
National averages.
April 4.25-4.50
May 4.75-5.00
June 5.00-5.50
July 5.50-6.50
This is the possibility but who the hell knows about the reality.

The reality is prices will not go this high. The government will not let that happen. Way too much political fallout in an election year. That’s why Congress is pulling in the CEOs of the major oil companies. The US oil industry has created this situation and they need to be called on it.

Also, at least here in the US we do not need Russian oil. It’s a crock. Let’s get North American production up to pre-Covid levels. Once production meets demand prices will go back down.

 

[LSchicago]

That is about where it should be with a week lag time in prices. Gas is up 10% in the last week. I think another 10% by mid April is reasonable if nothing changes.
National averages.
April 4.25-4.50
May 4.75-5.00
June 5.00-5.50
July 5.50-6.50
This is the possibility but who the hell knows about the reality.

I believe it will level off soon. Crude is still $20 cheaper right now than March 7th where it spiked.

 

[LSchicago]

That is about where it should be with a week lag time in prices. Gas is up 10% in the last week. I think another 10% by mid April is reasonable if nothing changes.
National averages.
April 4.25-4.50
May 4.75-5.00
June 5.00-5.50
July 5.50-6.50
This is the possibility but who the hell knows about the reality.

Gas prices dropped the last week all across the US on average. Gas is not up compared to a week ago which was March 14th, it's down.

 

[Cav427]

Actually we will see an increase in gas prices very soon. Oil companies will be switching from Winter Mix to summer mix, retooling costs them money and they pass it on to us, the consumers.

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