Thread Number: 75306  /  Tag: Other Home Products or Autos
Gasoline prices
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Post# 991460   4/19/2018 at 21:08 (184 days old) by vacerator (Macomb, Michigan)        

What the heck is going on? Largest hike in years! 50 cents per gallon in one darn day! Was $259 yesterday, and $295 this evening.




Post# 991476 , Reply# 1   4/19/2018 at 22:34 (184 days old) by Launderess (Quiet Please, Theres a Lady on Stage)        
Several things are going on at once....

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First and foremost the "glut" of oil largely has been drawn down.

Next you have the economies of Europe, USA and elsewhere in world expanding and or otherwise recovering nicely from the havoc of credit/financial crises that brought about recessions (if not depressions) all over the world.

And there is OPEC, remember them? www.reuters.com/article/u...


Post# 991490 , Reply# 2   4/20/2018 at 04:12 (184 days old) by DADoES (TX,U.S. of A.)        

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$2.449 for several days+. Was $2.339 for a few hrs one recent morning.


Post# 991494 , Reply# 3   4/20/2018 at 05:16 (184 days old) by appnut (TX)        

appnut's profile picture

$2.39.  Last Saturday it was $2.32 when I got gas, the next morning it was $2.39 and has remained there. 


Post# 991495 , Reply# 4   4/20/2018 at 05:23 (184 days old) by foraloysius (Leeuwarden, the Netherlands)        

foraloysius's profile picture
$7.35 today at the cheapest gas station.

Post# 991498 , Reply# 5   4/20/2018 at 05:56 (184 days old) by Tomturbomatic (Beltsville, MD)        

Our gas stations in Belchville usually had prices that were about 8 or 9 cents a gallon cheaper than in Montgomery County, our neighbor to the west, and stations in NW DC where it was even more expensive. There was something written years ago about different distributors offering varying prices on gas to various stations in various locales, but our Belchville prices are the same now as the Montgomery County stations I pass from time to time. Something has changed. With petroleum, there is always a gun at your back. The only thing that varies is the caliber of the bullets. Everything makes an argument for hybrids and, where possible, electric vehicles.

 

And crude prices are still low enough to harm the economies of Russia, Venezuela and the other sponsors of terror.


Post# 991514 , Reply# 6   4/20/2018 at 09:16 (184 days old) by vacerator (Macomb, Michigan)        
On the CBS radio

station this morning, a report said a Saudi Company wants oil prices of $80 to $100 a barrel.
Well, all I can say is our mid term elections are soon.
I recall June of 2008. The price for regular unleaded here was $4.09 a gallon.
I was out of work, burning gas going to interviews. There were few jobs to be had. The one I found was at half my former salary with no benefits.
In retrospect, I don't know why I didn't file for my unemployment extension.
If I had to work now, I'd claim SS disability. My heel spurs are painful.
I know a loser who got a lawyer and claimed deep depression, and that he is a danger to him self or others and gets over a grand per month.


Post# 991519 , Reply# 7   4/20/2018 at 09:58 (184 days old) by petek (Ontari ari ari O )        

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Ours went up the other day to $1.30 cdn liter.. $3.86 US gal. What pisses me off is the last time it was this high a little over a year ago a barrel of oil was around $105... It dropped down half yet the pump price never did.. and now that the barrel has creeped up a little but still nowhere near $105, the pump prices are going back up there

Post# 991524 , Reply# 8   4/20/2018 at 10:41 (184 days old) by wayupnorth (On a lake between Bangor and Bar Harbor)        

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Hovering around 2.80 here but Sams and BJ's are 2.62.

Post# 991592 , Reply# 9   4/20/2018 at 23:38 (183 days old) by Tomturbomatic (Beltsville, MD)        

Noticed tonight on the way home that WAWA have gone up 4 cents a gallon to $2.69. Noticed that 7-11 was still $2.65 so I filled up at the 7-11. I still think something is rigging this, but I am not waiting 30 minutes in line at Costco nor am I driving 15 minutes up to that cluster fuck in Laurel to save a few cents a gallon. I should be good for another month.

When we got out of the service tonight, Judy discovered that she had left her parking lights on and her old Honda Hybrid does not have an auto off for the headlights. So three of us had a great deal of fun getting her jumped. She had this battery jump thing in her trunk that we used with my 6 LED pocket light and got her started. I guess I will buy one of these things; seemed handy to have not that I have had that many batteries die because I keep tabs on the expire date, but one dead battery in a lonely parking lot makes this worth while especially when one dies before its time. This was a rechargeable thing that hooked to the battery, not of those things that plugs into the cigarette lighter and takes 10 minutes. Does anyone have any experience with one of these devices?


Post# 991597 , Reply# 10   4/21/2018 at 00:50 (183 days old) by Tomturbomatic (Beltsville, MD)        
It's causing 45 pain so it can't be all bad

Surging oil prices rattle President Trump
by Matt Egan and Alanna Petroff @CNNMoney April 20, 2018: 1:07 PM ET
Current Time 01:52
/
Duration Time 11:02

U.S. shale won't spoil the oil rally
The oil market has caught President Trump in an awkward spot between his pro-business instincts and his populist tendencies.

Trump, a major friend to the fossil fuels industry, took OPEC to task on Friday for the recent surge in oil prices. The price has climbed toward $70 in recent weeks, the highest in more than three years.

"Looks like OPEC is at it again," Trump tweeted. "Oil prices are artificially Very High! No good and will not be accepted!"

Trump is right that OPEC, the Saudi-led cartel, has orchestrated higher prices, as it's known to do. And millions of American voters will probably share the president's outrage if gasoline prices soar as a result.

Yet millions of Trump voters also live in states such as Texas, Oklahoma and North Dakota that depend on the oil industry for prosperity. The 2014-2016 oil price crash cost countless jobs and led to dozens of corporate bankruptcies.

Trump has pushed an agenda of American "energy dominance" by slashing environmental regulations and green-lighting pipeline projects.

"These oil-producing states are Trump red states. They're part of his coalition," said Joe McMonigle, senior energy policy analyst at Hedgeye Risk Management, an investment research firm. "To have energy dominance you need higher prices to support investment."

Trump has close ties to Harold Hamm, the billionaire who runs Continental Resources (CLR), a shale oil producer that benefits from higher oil prices. Hamm gave a primetime speech during the 2016 Republican convention, and Trump reportedly considered naming the CEO his energy secretary.

"The president is going to hear from Harold Hamm" about his tweet, said McMonigle, a top Energy Department official under former President George. W. Bush.

Continental Resources did not respond to a request for comment.

Trump portrays himself as pro-business, but he has also attacked major American companies like Amazon (AMZN), threatened to start a costly trade war with China and gone after drug makers for high prices.

Related: Forecast: You'll pay 14% more for gas this summer

Trump's attack on OPEC could also conflict with his efforts to improve relations with Saudi Arabia, the country pulling the strings at the oil cartel.

The timing of Trump's tweet is intriguing because OPEC's strategy hasn't changed recently.

What has shifted is the impact. Oil prices have soared 12% this year, and the price of gas has jumped to a national average of $2.75 a gallon.

That's partly because of production cuts by OPEC and Russia, which have successfully mopped up the huge supply glut that caused prices to crash. Officials from OPEC and Russia met on Friday to take a victory lap for their coordinated action.

"OPEC hasn't done anything different since early 2017," said Spencer Walsh, oil market analyst at IHS Markit.

"The tweet, in my opinion, is a little misleading and not fully factual," he said.

Trump himself shares blame for the more recent jump in oil prices. Geopolitical uncertainty briefly caused by US airstrikes in Syria helped lift prices earlier this month. Oil traders are also nervous about Trump's threats to reimpose sanctions on Iran, a move that could risk up to 1 million barrels per day of oil supply.

"A lot of the reason for higher prices is the president's policy on Iran," McMonigle said. "You're talking about a huge amount of oil at risk. You're going to see prices spike. That's US policy. It's not anything OPEC has done."

And then there's Venezuela, the crumbling OPEC country where instability has driven down production. The Trump administration is considering imposing oil sanctions on Venezuela that could further drive down supply.

"The thing that's kicked up the price is the geopolitical escalation, globally," Walsh said.

Related: Saudi oil shipments to America plunge to 1988 levels

Oil prices have also been lifted by resurgent appetite for energy around the world. Global oil demand grew during the first three months of 2018 by the most since late 2010, according to estimates by Goldman Sachs. The investment bank projected that Brent crude, the global benchmark, will rise to $80 a barrel this year, up from $75 today.

Trump's tweet noted that there are "record amounts of Oil all over the place."

Of course, OPEC and Russia are certainly not pumping at full capacity. Yet production in the US, driven by the shale oil boom, has climbed to record highs. The US is even expected to eventually topple Saudi Arabia and Russia as the world's No. 1 producer.

Trump has sought to encourage more production by cutting environmental regulations. He also advanced the controversial Keystone and Dakota Access pipelines.

What he can't do, at least by himself, is keep oil prices from rising to levels that hurt the economy and upset drivers.

"Other than presidential tweets," McMonigle said, "the federal government doesn't have a lot of tools at its disposal to affect prices."
CNNMoney (New York) First published April 20, 2018: 12:34 PM ET





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Post# 991612 , Reply# 11   4/21/2018 at 04:26 (183 days old) by vacerator (Macomb, Michigan)        
Yes Tom, and, but;

At least 45 is saying he is upset with the increase. We don't know if that is sincere. I'm sure large investors in the oil market may be happy, as many red state voters with that. A lot of pricing is due to speculation as well.
The US also exports a lot of oil, and we haven't had to touch our reserves.
Remember that China has little to no crude, and depends on oil from the US, Russia, and the middle east. The US Navy patrols the Pacific, and sea of Japan and guards the tankers on the way to China.
The pipelines run from Canada through central Oklahoma where the reserve tank fields are, to the gulf ports.
Some are saying fracking will compensate for any supply interruption, but we must also remember that fracking has a limited yield. It's rock, not wells. Same for shale.
A new automotive battery is also on the horizon that can be fully charged in under an hour. This can be a game changer.
However, as trucks and larger SUV's are thirsty, their sales may also be.
I recall Bush saying GM made vehicles nobody wanted. Well we wanted those trucks, because they were selling well, so that's not why they went bankrupt. Bush was in oil, and had influence on pricing. Business owners need trucks to earn their livings if they are in any type of the building trades, landscaping, etc., and can deduct fuel as an expense. However, those with little work, or out of work may have had to sell those vehicles in order to pay other bills. Some were re posessed as well. So sales of all vehicles in general declined harshly.
So we may hurt for a time, but the truth will come out in the wash, as it did in 2008.


Post# 991632 , Reply# 12   4/21/2018 at 12:10 (183 days old) by combo52 (Beltsville,Md)        
Gasoline Prices In The US

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I wish we could catch up with the rest of the world and have prices in the $5.00 per gallon range, the amount of unnecessary driving people do is ridiculous, I see people sitting in their cars all the time with the engine idling, driving too fast and worst of all buying dangerous fuel wasting SUVs, we need a serious shakeup for sure.

Higher gas prices would be about the best thing that could happen for the health of people and the planet.

John L.


Post# 991653 , Reply# 13   4/21/2018 at 14:35 (183 days old) by vacerator (Macomb, Michigan)        
True John,

but we are nor prepared for those high prices. The average Joe would starve commuting to work. In many places, we have no choice but to drive. Europe has way better local, regional, and long distance mass and high speed rail transit.
Much of their high gas prices are the tax, which fund their healthcare, etc.
Most here don't want that. Not yet anyway.
Parking in Europe's cities is also more than congested. Paris still has a smog problem from cars during thee working week days.
Sometimes the need necessitates the wanting. the USA doesn't have the "need yet", but very high fuel prices will spark a want for better mass transit.


Post# 991661 , Reply# 14   4/21/2018 at 15:37 (183 days old) by CircleW (NE Cincinnati OH area)        

It's also about the time stations switch from winter formula to the more expensive one for summer. I saw stations today about $2.75/gal. Last I bought I got for $2.39.

Post# 991695 , Reply# 15   4/21/2018 at 18:36 (183 days old) by vacerator (Macomb, Michigan)        
Yeah, winter me,

summer me. They raise the price for both. Why? You get lower mileage in winter.
I think they add more alcohol for the winter blend.
When Buffa Bush executive ordered the alcohol ratio higher in 2007, mine, and many other's catalytic convertors clogged up. The higher burning temperature caused them to overheat, melt, and clog.
What a dingleberry, making us buy gas we didn't want.


Post# 991696 , Reply# 16   4/21/2018 at 18:53 (183 days old) by wayupnorth (On a lake between Bangor and Bar Harbor)        

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Not just alcohol, but ethanol that screws up all small engines unless you keep the Stabil in it all the time. I buy pre-mixed gas by the quart for $6 bucks a can and my weed wacker starts the first pull. I always do end of the season treatments on my mower and snowblower. People that dont treat their boat motors always run into trouble here.

Post# 991697 , Reply# 17   4/21/2018 at 18:58 (183 days old) by LordKenmore (The Laundry Room)        

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I don't know if it's just ethanol, or if there were other factors instead or in addition too... But I remember a mechanic telling me about 8 years ago how problematic gas had gotten in our area. He was seeing a lot of customers needing fuel filters replaced. And he warned me that he didn't feel that gas lasted as long in a car's gas tank as it had. I think his time line was a month of storage or less. Not that one would have gas sitting that long if one drove regularly--but a month of a car being idle is a real possibility if someone went on a long enough vacation.


Post# 991698 , Reply# 18   4/21/2018 at 18:58 (183 days old) by ea56 (Sonoma Co.,CA)        

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The cheapest unleaded reg is the Mobil Station on my corner, $3.499 a gal, it was $3.239 about 8 days ago, went to the current price about 4 days ago and has stayed there. The Chevron Station near where my husband works, unleaded reg is $3.799, 5 days ago it was $3.659.

And I agree, I hate gas cut with ethanol, it dramatically reduces MPG. Union 78 gas cuts their gas the most. I have kept a notebook in the car for over 40 years to record my MPG, I got into the habit when I had a 67 Buick Skylark that had no functioning fuel gauge for about a year. By recording the gas I bought, how many mile Id driven and the MPG I always knew how much gas I had and never ran out. Anyway, this is why I know Union 76 uses the highest ethanol ratio, because whenever I get gas there the MPG is always about 2 MPG or more less MPG.

I know that the ethanol is supposed to pollute less, but seems like if you have to use more gas for the same MPG, its 6 of one and half a dozen of another.

The abundance of huge SUVs and PUs with usually only the driver and no passengers is so selfish and wasteful. Not only are they polluting more, they are using more of a fuel source with a limited supply. And they contribute to heavier urban traffiic simply because they take up more space. Every time the cost of gas goes down consumers begin buying gas hogs. Then the price of gas goes up and they complain. Oh well.

Eddie


Post# 991699 , Reply# 19   4/21/2018 at 19:13 (183 days old) by LordKenmore (The Laundry Room)        

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The abundance of huge SUV’s and PU’s with usually only the driver and no passengers is so selfish and wasteful.

 

That gets me, too. Of course, I recognize that there are people who do need a SUV or truck, and they won't necessarily be using 100% capacity at all times.

 

But there seems to be many people out there who drive such vehicles for no good reason whatever. And I bet a lot of these people are types who whine about "wasteful" public transit. "You think my big V8 SUV is bad?!?!? I just saw an empty bus!!!!!" (Yes, there are times a bus is empty. But at least in my area, the only way a route survives is if there is regular ridership.)

 


Post# 991703 , Reply# 20   4/21/2018 at 20:29 (183 days old) by wayupnorth (On a lake between Bangor and Bar Harbor)        

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Sorry, but I have a full size Silverado as I need a truck that can plow right thru any snow bank, take or haul, whatever etc. here where I am. Most of the time its only me. Once a month I fill the tank and even though its 5 years old now, I havnt hit 14,000 miles. It has an instant mpg button, best is 21.8, average is 18. I would have bought a smaller truck, but the same dealer I have been with since 1984 could not get me a Colorado when my 1995 Silverado would not pass state inspection with a rusted frame. Old truck was a V6 and got 10 mpg if lucky. This one is a 327 V8 and the instant fuel shut off system for 4 of the 8 does save gas but has alot more balls than my 350 V8 1981 Vette when you need power. I hate to drive anymore after documenting over 2 million miles since legally driving in 1969, I'd prefer to be the passenger from now on.

Post# 991723 , Reply# 21   4/22/2018 at 00:14 (182 days old) by tolivac (greenville nc)        

No,high gas prices would be ridiculous here.Most small towns will NEVER get any sort of mass transit-Greenville does have buses that work ONLY in town.I live and work OUTSIDE of town-and their buses only run during the day-not good for someone that works mids.And if gas prices go up would diesel and aircraft fuel go up too?Not practical.I USED to use mass transit when I lived near DC and went to work downtown.Now my workplace is 15 miles outside of Greenville-so I HAVE to have a car-mine is a Toyota 2016 Highlander Hybrid-LOVE the car.The Hybrid system saves me about 4-6 gal of gas per week.SUVs and giant pickups are great for folks that need them-work crews,construction,farming.Lots of that in my area.city folks really DON'T need huge SUV's and huge pickups.-Unless they are in construction or huge families with a large boat or camper trailer to haul.Work folks need to haul material and tool trailers,even backhoes-so a large pickup or SUV is needed there.

Post# 991740 , Reply# 22   4/22/2018 at 07:17 (182 days old) by vacerator (Macomb, Michigan)        
Then maybe it's time

to write congress before it gets worse.
They at least restored the budget for ecology the new EPA director wanted to cut.
If you need a truck to make a living, then you need one. I have no qualms with that. The newer and lighter ones are far more efficient. Thats why Ford went with aluminum.
We drive far less than we used to, but I am still concerned for those who need to. That old 2003 Impala used to run a hundred miles per day, so no old gas had time to collect. It was the ethanol that ruined the Catalyst. It's still old faithful. rusty now, but hey, for a chuck hole puddle jumper, it's point A to B. If a stone cracks the wind shield, it's not a new car.
If a shopping cart gets thrown in to it, it's an old car.
The state raised our gasoline tax already three years ago to repair roads. Now they are crying they need more money. The bid winners use cheap concrete that doesn't last. They have no integrity. You also get what you pay for, or should.
Our city wants a one time property tax (they say) of one mill to repair roads. thats an average of a hundred dollars per home. It was not approved by residents attending the last council meeting.


Post# 991845 , Reply# 23   4/23/2018 at 05:54 (181 days old) by Tomturbomatic (Beltsville, MD)        

This morning the prices that were $2.69 on Friday night were $2.73. Maybe I will adopt the poor people's driving style of going 10 miles below the speed limit. 


Post# 991856 , Reply# 24   4/23/2018 at 09:08 (181 days old) by vacerator (Macomb, Michigan)        
"poor" people only?

Unless you consider us who aren't millionaires poor. Thats not that wealthy today actually. As a rule, I drive 5 mph over on surface streets, unless kids are out. On the X way, I usually drive 65, so 5 under. Some are doing 80. I'm not in any hurry. Arrive alive I say. Too many texters and talkers behind the wheel.

Post# 991930 , Reply# 25   4/24/2018 at 00:25 (180 days old) by robbinsandmyers (Hamden CT)        

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This is why I'll never get rid of my 18 year old VW TDI @50 MPG and my 84 Mazda diesel truck @38MPG. Why make them rich owning anything that gets under 35MPG?

Post# 991939 , Reply# 26   4/24/2018 at 06:11 (180 days old) by Tomturbomatic (Beltsville, MD)        

Prices up 2 cents this AM with Exxon and WAWA the same at $2.75. I remember a time in the past when a gallon of regular was 3.25.


Post# 991940 , Reply# 27   4/24/2018 at 07:12 (180 days old) by DADoES (TX,U.S. of A.)        

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Noticed yesterday evening that the source of reference went up from 2.449 to 2.499.


Post# 991987 , Reply# 28   4/24/2018 at 16:38 (180 days old) by DADoES (TX,U.S. of A.)        

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Now it went up to 2.599.

I got 57.2 MPG on an errand to the bank and post office this morning.


Post# 991991 , Reply# 29   4/24/2018 at 17:16 (180 days old) by vacerator (Macomb, Michigan)        
Ah? Prius owner? 57 mpg city?

Price here now is $2.75/9.
Dow took another plunge today. Caterpillar said their recent performance of less than optimal for ivestors is their best projected performance. A tech. company also had lower than predicted earnings.


Post# 992008 , Reply# 30   4/24/2018 at 18:46 (180 days old) by Tomturbomatic (Beltsville, MD)        

And the 45-controled Federal Reserve is raising interest rates so that rich people with investments will once again be raking in the moola, regardless of what it does to the country and that is spooking the markets, too. The rich Republicans chafed at the Obama-Yellin plan to hold rates down to encourage growth. I guess now with the inflation that is going to come with the needless and not so popular tax cuts, they are trying to tighten down the valves before there is an emergency.

Post# 992012 , Reply# 31   4/24/2018 at 19:31 (180 days old) by DADoES (TX,U.S. of A.)        
Prius

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No, there are other hybrid and electric vehicles on the market.


Post# 992050 , Reply# 32   4/25/2018 at 06:12 by vacerator (Macomb, Michigan)        
Glenn, which do you drive?

Since you get m.p.g., I know it's not a Nissan Leaf. A Chevrolet Volt? Honda? Focus? Kia/Hyundai? Lexus? Audi? Merc?

Tom, does the president really control the Fed? I liked Yellen, but look what happened when Bernanke was head, and his predecessor used the excuse that they should have analyzed the way things worked better.
I don't think any problems are only to blame on our Federal Reserve. It's a private corporation, yes?
Large accounts are held in Swiss banks. There is the bank of international settlements there, Credit Suisse, etc.
When General Motors filed bankrupt, Robert Lutz was one of the ones at the helm, and one of the ones who asked for a govt. bail out. Know what His father was?
A Swiss financier no less.
Follow the money trails, read between the lines.
The more of us who know and do this and put it out there for others to see may make them aware we are onto the crooked ones. It might help to keep them more honest. After all, it's us who are not rich who suffer in all the shenanigans, as you said. That goes for Wall st. politicians, banks, and corporations.
I know no system of any type is ever perfect. However, you may recall the 1960's when our social security had a surplus, and a bi partisan congressional vote stole it. Had it been left alone, I don't think we'd have a s.s. problem today.


Post# 992057 , Reply# 33   4/25/2018 at 08:05 by Tomturbomatic (Beltsville, MD)        

It's not that the president directly controls the Federal Reserve, but the people that he appoints, like the Chairman of the Board of Governors often share mindsets with him, so he controls it indirectly. Janet Yellin only served one term and could have been asked to serve a second term, but she was of a different mindset, you can't say philosophy because I don't think he can be said to have a philosophy in the true sense of the word, than the president so he accepted the resignation she submitted, properly, when the presidency changed hands because 45's policy was not going to be one to favor safe, regulated growth for all, but rather growth for the rich and powerful and to hell with the rest (and the policies that protected them) who are good for cannon fodder in wars and votes in elections. When it comes to the truth, some of them are willfully uninformed and some of them are products of their environment, soaking up the toxins in which they are raised. They are concerned about losing the status into which they were born because of their white skin. Many have been offered good jobs in other locales, but are unwilling to relocate for the new work and who, while still smarting from all that was robbed from them in the recession that started before 2008, are willing to vote for people who are intent on overturning the laws and regulations to prevent that from happening again.

 

As to your question about the bank's independence, it is considered to be an independent agency that exists outside the cabinet of the executive and its powers are derived directly from Congress. That is why Congress holds periodic hearings where the Chairman of the Board of the Governors of the Federal Reserve answers questions from lawmakers. If you go to the link and tab down to LEGAL STATUS, you can see that it is a hybrid with some features of private corporations and public federal agencies.  



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Post# 992071 , Reply# 34   4/25/2018 at 09:34 by DADoES (TX,U.S. of A.)        

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Ford Fusion Hybrid SE.


Post# 992085 , Reply# 35   4/25/2018 at 13:09 by GusHerb (Chicago/NWI)        

I filled up for $2.66 a gallon on Monday just as gas was on the rise. It was $2.99 at the same station Tuesday. Im highly tempted to look at something like the 2018 Accord Hybrid for my next car as I have a special disdain for the oil industry and would like to support them as little as I can get away with. The Accord hybrid is rated 47 city 47 hwy. I put 15.4 gallons in my car, the trip was at 374 miles which came out to 24 MPG that was mostly city. My car is rated 27 city, its never once achieved that rating in actual stop and go driving.

Post# 992086 , Reply# 36   4/25/2018 at 13:37 by vacerator (Macomb, Michigan)        
Nice Fusion Glenn!

Tom, I get it. It's back to the old white boys club. A lot of women voted for it as well. I spoke with several who said that they saw homeless refugee's in Paris, etc., and didn't want to see that here. Also they expressed concern that without secure borders, we have no country. I bet at least half will not vote the same next time, but incidents such as San Bernardino, Marselles, Las Vegas, Queens, Newark, Barcelona, etc. trigger protectionist ideals.
I think the president is one person and we have checks and balances. The office is not a monarchy, nor an Imperialistic seat.
We are a democratic republic, not only a republic, in the true definition. Not like the German democratic republic which was East Germany.


Post# 992139 , Reply# 37   4/25/2018 at 20:46 by Chuffle (....)        

A jump from $2.95 to $3.09 for regular took place in these parts Monday night.

Post# 992194 , Reply# 38   4/26/2018 at 10:04 by twintubdexter (Palm Springs)        
I sure wouldn't call it a "silver lining"

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But I suppose you could consider "old age" a benefit if you drive as little as I do. 16 years ago when I first moved from Northern to Southern California I was everywhere...LA, San Diego, Venice, even Algodones Mexico. Now I rarely go farther than the grocery store. My retired next-door neighbors have hybrid cars. I visit the gas station much less than they do. All 3 of my vehicles have V8's so with today's prices I guess I'm fortunate to be able to stick close to home. Fortunate too that I don't care to travel anymore.

 

This one's 53 years old and I put 3 or 4 gallons in every 6 months.


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Post# 992203 , Reply# 39   4/26/2018 at 12:25 by Tomturbomatic (Beltsville, MD)        

Similar here. My 4 cylinder Solara is 18 years old and has yet to reach 100,000 miles. I use about a tank of regular gas a month to get to and from Metro station, grocery store, etc. 


Post# 992207 , Reply# 40   4/26/2018 at 12:56 by ea56 (Sonoma Co.,CA)        

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My 2007 Honda Civic is 11 years old now, I bought it new and Ive owned this car longer than any other of the 23 cars Ive owned since 69. It has 57,000 miles on it and I put about 10 gals of gas in it every 3 to 4 weeks. I do very little driving anymore, which is fine with me. I used to really enjoy driving, I would have driven to the bathroom if I had a ramp to it! But the traffic around here is so bad now. Too many people, with too many large vehicles, that they own for vanity, not actual need for work, ect. And too many distracted drivers texting and talking on their phones. Now I drive David to and from work 3 to 4 days a week, a 6 mile round trip, but he is going to retire soon, so I wont need to do that anymore. I drive to the store on Friday to buy our groceries for the week, and the 10 miles Kaiser every other week for allergy shots. I try to walk everywhere that I can. We also go out window shopping, ect., usually once a week. Neither one of use are big on driving anymore. I guess weve turned into bonafide geezers.

I still do enjoy a nice drive on the many country roads in our county, especially on the coast. Thats where I learned to drive and I love to drive on winding roads. To me that is a joy!

Weve been married since 81, and with the exception of one month in 85 weve always gotten along fine with just one car.

As things stand now I can't see myself ever buying another car. My little red Civic is dependable and a pleasure to drive. It still looks and drives like new, no need to buy another. Before I retired I used to buy an new car every 2 years on the average. It was my incentive to drag my ass out of bed everyday to go to work, LOL. I sure wish I had all the money back that I wasted on all these cars.

Eddie


Post# 992282 , Reply# 41   4/27/2018 at 08:04 by Gyrafoam (Roanoke, VA)        

For almost eight years all we heard about was the mantra of "reducing American dependence on foreign oil sources". We endured endless battles over fricking and fracking. We were told how there was now a glut on oil here in the US. And on and on and on.

So now, less than two years later, what happened?

Is it really just OPEC? Could it be something else is driving up the prices?

Me thinks there are many greedy thieves in the same bed with each other.
As usual, guess who is getting f%#ked?

Just to put today's issues in prospective, here is an interesting op/ed from today's American Thinker:

www.americanthinker.com/a...


Post# 992301 , Reply# 42   4/27/2018 at 13:58 by vacerator (Macomb, Michigan)        
I agree Steven

as was with $3 to $4 per gallon gas from 2004 through 2009.

Post# 993142 , Reply# 43   5/5/2018 at 08:00 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

Fill-up this morn (1/8 tank remaining per gauge), $25.63, 10.421 gal, calculated MPG 41.819. Marquee at the store had $2.489. Pump registered $2.459.

Reported MPG from work to store 27.x. Store to home 80.3. MPG Varies widely on individual trips/legs depending on factors -- how much charge in the HV batteries, traffic, stoplight timing, etc.


Post# 993143 , Reply# 44   5/5/2018 at 08:18 by panthera (Rocky Mountains)        
Ah, well

panthera's profile picture

You know - we're going to be dealing with this until we accept that the US solution of mass-transit only for stinky people is not a good solution.

I never drive less than 1000 miles/month.

These prices are just the cost of living in a country where people vote for the 'capitalist' without grasping just exactly what capitalism is.

I've already heard the first 'this is Obama's fault' comments in line at the local station.


Post# 993146 , Reply# 45   5/5/2018 at 08:38 by man114 (Buffalo)        

Ive got multiple vehicles, if the price gets too high I just drive my Mitsubishi Mirage more. Ill enjoy my 54mpg and drive just as much.

Post# 993178 , Reply# 46   5/5/2018 at 14:29 by Tomturbomatic (Beltsville, MD)        

Saw the first $3.09 gas today on Connecticut Ave near Nebraska Ave. in NW DC. Still 2.73 at the WAWA. American Automobile Assn. said to expect $3.00 plus gas this summer.

Post# 993184 , Reply# 47   5/5/2018 at 15:27 by ea56 (Sonoma Co.,CA)        

ea56's profile picture
Its $3.559 a gal for reg unleaded today at the Mobil station on the corner near us. It was $3.499 on Mon when I last filled up, and its been going up every day since. And this is the cheapest gas around here. The Chevron station near the hotel my husband works at it $3.799 a gal for reg unleaded. And we have several refineries within 50 miles or less from here. California always has some of the most expensive gas.
Eddie


Post# 993192 , Reply# 48   5/5/2018 at 16:11 by wayupnorth (On a lake between Bangor and Bar Harbor)        

wayupnorth's profile picture
Some states are lower because of the amount their state charges in taxes. Corporate Energy greedy guys supposedly sets their price, Federal tax added on and then what each state charges for their tax. There can be a big difference in prices from one state to another next door.

Post# 993654 , Reply# 49   5/9/2018 at 17:38 by vacerator (Macomb, Michigan)        
Back up to $3 now,

and with new sanctions against the third largest producer of oil in the world, Iran, expect to see much higher prices soon.
Enjoy, and hope that isn't the worst that happens.


Post# 993696 , Reply# 50   5/9/2018 at 22:33 by GusHerb (Chicago/NWI)        

I filled up for $2.76 at my usual spot today after seeing other places raising it to $2.99. Glad I never traded my car for a gas hog! Those people must be regretting that now... I averaged 26.9 MPG out of this last tank that I went 333 miles on and filled up when it was just over a 1/4 tank.

Post# 993720 , Reply# 51   5/10/2018 at 08:31 by Tomturbomatic (Beltsville, MD)        

Yesterday the price for a gallon of regular went up 10 cents at the WAWA from $2.73 to $2.83. Having a 4 cylinder that uses regular and has long been paid for is a distinct advantage. I have heard predictions of over $3.00 a gallon this summer.


Post# 993724 , Reply# 52   5/10/2018 at 08:58 by foraloysius (Leeuwarden, the Netherlands)        

foraloysius's profile picture
Marginally more expensive: $7.42. I'd love to pay $3.00!

Post# 993742 , Reply# 53   5/10/2018 at 11:04 by firedome (Binghamton NY & Lake Champlain VT)        
agree with John...

firedome's profile picture
gas priced at $5/gal would be beneficial in the long run, it'd force efficiency (of course our moron 45 is trying to undo the upcoming CAFE regs) and force the macho fools in Avalanches and the like out of those useless things. Trades-people who have a real & legitimate reason to own F-350s should get a gas tax break as a business expense, but the poseurs in huge black 14 mpg trucks with bed covers that never come off need to get significantly hit with at least part of the real expense of driving such dumb & wasteful vehicles that contribute greatly to the multi-facted issues facing our environment...and next time, if provoked, as biologist I'll tell you how I really feel!

We're just anxiously waiting for a smallish electric passenger SUV/truck with decent range and some carrying capacity ala the Nissan e-NV200 that they've been selling in Europe for a few years now, that can be charged with our 4.5Kw solar array. Hopefully it will arrive here eventually, they'd sell a ton, I believe.


Post# 993743 , Reply# 54   5/10/2018 at 11:06 by firedome (Binghamton NY & Lake Champlain VT)        
e-NV200

firedome's profile picture
a most practical "green" vehicle, and they make a passenger version too:

cleantechnica.com/2017/10/03/nis...


Post# 993781 , Reply# 55   5/10/2018 at 14:19 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

$2.589


Post# 993792 , Reply# 56   5/10/2018 at 15:53 by vacerator (Macomb, Michigan)        
Louis, Glenn,

Louis, do you have to pay for health insurance? All, or partially? How about prescriptions? Dental?
Glenn, if it's $259, then Texas should not be getting away with it when the rest of us are paying $3.


Post# 993793 , Reply# 57   5/10/2018 at 15:55 by vacerator (Macomb, Michigan)        
Only business owners have any fuel

tax deductions, unless the new ta code eliminated that along with office expenses until you are grossing $150,000.

Post# 993850 , Reply# 58   5/11/2018 at 05:10 by vacerator (Macomb, Michigan)        
Also, unless

you live in the northeast corridor, where they have the Amtrak Accella, and the other commuter rail lines, or Chicago, or San Francisco, we have no choice but to drive to work.
Many, many Europeans have the option of using mass transit and only enjoying their cars on week ends.
Cleveland, Dallas, Los Angeles, Portland Oregon, San Diego do have light rail at least.
Now some places have better bus services than others. Pittsburgh, for example, plus a few subway lines. They even had proposed a Mag Lev train system back in the 90's.
Even China has high speed rail. Also Hong Kong, Kuala Lampur, Singapore, etc., etc.
Face it, the US is behind the times, and big oil has us over the preverbial barrel.
Some day we will hit the concrete wall, and not in a Tesla.
Any car can explode when it hits a wall at a high rate of speed.


Post# 993853 , Reply# 59   5/11/2018 at 06:14 by foraloysius (Leeuwarden, the Netherlands)        
Health insurance etc.

foraloysius's profile picture
Yes, partially, partially and partially.

Post# 994721 , Reply# 60   5/20/2018 at 14:40 by appnut (TX)        

appnut's profile picture

Paid $2.59 a gallon yesterday.  Venezuelan instability will likely cause prices to go higher. 


Post# 994742 , Reply# 61   5/20/2018 at 17:52 by vacerator (Macomb, Michigan)        
Still $2.95 here.

New vehicle in the garage as of Thursday evening. Ford Edge SEL 3.5 litre V6.
Only gets 17 city, 26 highway.
We don't drive much. Hubby didn't care for the Escape. He's taller, felt cramped.
It's a lease, via sons A plan. We'll mainly use it for recreational day trips.
Very nice car.

Our '07 Impala is better on gas in the city. Lighter.


Post# 994743 , Reply# 62   5/20/2018 at 18:01 by Ultramatic (New York City)        

ultramatic's profile picture

 

 

It's jumped to $3.05 for regular, the cheapest so far in my neighborhood. I've seen as high as $3.59 so far.


Post# 994745 , Reply# 63   5/20/2018 at 18:11 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

Up to 2.689 couple days ago. The regional convenience store chain of reference is its own gasoline distributor.


Post# 994746 , Reply# 64   5/20/2018 at 18:24 by wayupnorth (On a lake between Bangor and Bar Harbor)        

wayupnorth's profile picture
2.85 at Sams and BJs and up to 3.05 in the outskirts now. Diesel is up too but heating oil prices are still around 2.50 as nobody needs it now and watch it jump in September.

Post# 994748 , Reply# 65   5/20/2018 at 18:52 by askolover (South of Nash Vegas, TN)        

askolover's profile picture

My 2001 Bug is my commuter...100 miles each day...has 254,000 miles on it all put on by me...and I only fill up every two weeks.  And it doesn't use a drop of gasoline.  No matter how high gas or diesel gets, I still come out ahead at 50mpg.


Post# 994768 , Reply# 66   5/20/2018 at 23:25 by GusHerb (Chicago/NWI)        

Looks like gas is $2.94 at the moment. My recent driving has been giving me an average of 30 MPG and I filled up for $2.69 last monday.

Post# 995158 , Reply# 67   5/25/2018 at 08:51 by vacerator (Macomb, Michigan)        
Up to $305.9 now.

Careful what you wish for. v^v^v~v~V~V^V~^V^V~V~V^~^~^~V^~^~^~^~^~^ ~^~^ ~^~^_____________________________________________________________

Post# 995172 , Reply# 68   5/25/2018 at 14:34 by johnb300m (Chicago)        

johnb300m's profile picture
I have to use midgrade, and I use GasBuddy.
GasBuddy was reporting $3.19 two hours prior to when I looked.
When I go to the gas station, the price for 89 jumped in that timeframe up to $3.49.


Post# 995178 , Reply# 69   5/25/2018 at 15:54 by Yogitunes (New Jersey)        

yogitunes's profile picture
Higher gas prices = time to start shopping for a new truck with a V8!!!


sometimes you have to take the higher price of gas as an advantage...

and some of us look forward to it.....once you realize what the price increase can do for you...

if the price stays high long enough, people will start trading in their vehicles with a V8/6 engine....getting a very low trade in offer....as small 4-bangers will go up in price.....

on the better side....dealers cant get rid of vehicles with a V8/6....so the price drops drastically....

the prices will drop by November's election.....




Post# 995236 , Reply# 70   5/26/2018 at 05:37 by askolover (South of Nash Vegas, TN)        

askolover's profile picture

And the carmakers will rethink their decision to abandon car production.  Been through this before. 

Diesel was $2.99 when I filled up 2 days ago.  Cost me $36 to fill to the top.


Post# 995238 , Reply# 71   5/26/2018 at 06:07 by moparwash (Pittsburgh,PA -Next Wash-In...June 2019!)        
Here in the Keystone State...

moparwash's profile picture
PA has the highest gas tax in the country .70 cents a gallon, so its $3.15 here..in Ohio its usually 30-60 cents a gallon cheaper, so when I make trips to Ohio, I leave here with enough gas to get to the first station there

Post# 995243 , Reply# 72   5/26/2018 at 08:29 by foraloysius (Leeuwarden, the Netherlands)        

foraloysius's profile picture
$7.27 today.

Overhere 60% is taxes, so $4.36 per gallon.


Post# 995245 , Reply# 73   5/26/2018 at 08:42 by Tomturbomatic (Beltsville, MD)        

Filled up yesterday for $2.95 a gal. for regular. Most places in Beltsville want 2.99, but in surrounding places off the Route 1 strip, prices are already well over $3.00 a gallon for regular. The surprising thing was the price of Diesel at $3.19. For a long time it was supposed to be cheaper.

Post# 995257 , Reply# 74   5/26/2018 at 11:30 by vacerator (Macomb, Michigan)        
V6 or V8 vs. 4 cylinder trucks;

With the new lighter weight aluminum bodies, the F 150's base engine now is a 3 litre V6, and fuel economy very good. I think it has an eco boost turbo standard.
All wheel or 4 wheel drive adds weight and also reduces fuel economy.
It's relative to cause and effect, but you can always make money with a truck, and if some of the fuel is "still?" tax deductable as a business expense, even better.
I think the mid size Ranger may also be coming back from Ford. GM already brought back the Colorado and Canyon miodels.
Sedans will also come back, but I think most will be all electric, or at least be offered that way.


Post# 995274 , Reply# 75   5/26/2018 at 14:59 by twintubdexter (Palm Springs)        
All 3 vehicles have V 8's

twintubdexter's profile picture

You know you drive very little when 2 of your vehicles need stabilizer added to the tank to keep the gas from going bad. The pickup's OK since it gets a fill-up about every 2 1/2 to 3 months. I guess I'm lucky...being old and retired helps.


Post# 995300 , Reply# 76   5/26/2018 at 22:48 by GusHerb (Chicago/NWI)        

Gas has been running a little over $3 a gallon for the past several days now. I'm sitting just a hair under 3/4 tank, my car is sucking quite a bit more gas than it has been now that the temperatures have gone up into the 80s-90s. Alot of idling with the A/C on thanks to more trains in the area lately.
Running the A/C sucks alot of gas when sitting idle, hardly makes any impact in MPG at highway speeds interestingly enough.


Post# 995309 , Reply# 77   5/27/2018 at 04:22 by vacerator (Macomb, Michigan)        
My other half thinks

these higher prices are because the govt. exited the Iran accord. Thinks it isn't finished climbing higher.
As usual, we're over the preverbial "barrel", because deregulation may also spike prices. As transport costs rise, so will the goods transported via diesel and gasoline.


Post# 996452 , Reply# 78   6/7/2018 at 10:19 by Tomturbomatic (Beltsville, MD)        

Gasoline prices have started falling in Beltsville. Regular has dropped 6 centavos a gallon.


Post# 996453 , Reply# 79   6/7/2018 at 10:30 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

$2.699 --> $2.669.


Post# 996502 , Reply# 80   6/7/2018 at 18:32 by luxflairguy (Wilmington NC)        

Premium @ Sam's Club here in Wilmington  $3.10 gallon.  $51.00 to fill Ultra!


Post# 996531 , Reply# 81   6/7/2018 at 22:27 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

$2.669 --> $2.649.


Post# 996545 , Reply# 82   6/8/2018 at 06:46 by vacerator (Macomb, Michigan)        
$3.20 last I checked Wednesday.

Fed Up!
Not that we need to drive a lot, but many still do.
I've curtailed my morning fishing, even locally, to slow demand.

G7 summit in Quebec City soon. Protests expected. Canada imports lots of Iowa pork. They're not happy about tariff's.


Post# 996547 , Reply# 83   6/8/2018 at 07:18 by jmm63 (Denville, NJ)        

jmm63's profile picture
Just took a road trip to Michigan to visit family and I was surprised at the range in prices. My 18 Chevy Equinox got great gas mileage, 30.5 mpg average. Did the 550 mile one way trip on 1 1/4 tanks of gas. But I paid anywhere from 2.79 here in NJ, (and they pump your gas) , 2.99 in Ohio, and 3.15 in PA on the way back. I also noticed the range in prices at exits along 80 in PA, some as much as .20 cents a gallon.

Post# 996550 , Reply# 84   6/8/2018 at 07:35 by vacerator (Macomb, Michigan)        
Thats great fuel economy Jim!

Our son in law has anew Equinox and likes it a lot. The lease is also reasonable.
My step son is a Ford employee, so that's why we got the Edge. It's V6 is more thirsty, and AWD eats up one more mpg.
Hubby really wanted it. He makes the payment, and pays for most of the gas.
It's a really nice car though, roomy, and comfortable seats. He's got to have those, for his back. Any more than an hour or so in a car and he's had enough. We didn't get leather, the Sync 3, or all the extra techy options. Both seats are power though, and the drivers has power side bolsters. The rear seats even recline.
I re did his office last month. He got one of those vari desks so he can alternately sit and stand to work.


Post# 996849 , Reply# 85   6/11/2018 at 12:23 by petek (Ontari ari ari O )        

petek's profile picture
I'm wondering why the US access to Canadian and Mexican oil is never brought up in all this news about NAFTA and Trump etc. If NAFTA goes down the toilet, as I understand it, the US will no longer have the unfettered access to it that they have now

Post# 996858 , Reply# 86   6/11/2018 at 16:19 by vacerator (Macomb, Michigan)        
Exactly Petek!

Nor is Trump telling anyone about the Canadian oil the US imports, then exports after mark up. Ontario is Michigan's main trade partner.
Nafta provided for trade parity with Canada. Remember the Auto Pact? One came here, one went there. After the UAW and Canadian auto workers split, they abolished the auto pact.
My neighbor went to Niagra Falls last weekend. She said nothing but rude Canadians. What did she expect in light of tariffs? I've been to restaurants with her and she can be outright rude anyhow. She also adores Trump, so we don't usually talk politics, except we agree some politicians are pretty out of touch. Like Betty DeVoss, and my neighbor works for charter schools.
Now I've never met a rude Canadian, but I can be objective, and rational.
You get more to like you with sugar than with salt.
Our potus is not an expert on trade, or maybe it's another deflection tactic. The Us and Canadian economies have more or less adjusted to global trade. I fear tariffs or policy changes will pout us in reverse, and we had enough of that between 2004 and 2009.
Fact is that the Hawley Smoot 1930 tariff act worsened the depression greatly as well.


Post# 997054 , Reply# 87   6/13/2018 at 12:30 by Tomturbomatic (Beltsville, MD)        
Gas Prices Are Dropping Here

I noticed that the WAWA was down to 2.85 for Regular this AM.


Post# 997117 , Reply# 88   6/14/2018 at 06:54 by vacerator (Macomb, Michigan)        
I paid $286

yesterday. I drove the 80 mile round trip to the Great lakes veterans memorial cemetery to inter my folks ashes. I set the cruise on 65, A/c on, and the instant fuel economy read out said about 26 m.p.g. At 50 m.ph., went up to 40 m.p.g.
Average is up to 18, mostly city driving. New vehicle only has 500 miles on it.


Post# 997138 , Reply# 89   6/14/2018 at 11:42 by Tomturbomatic (Beltsville, MD)        
Penalties If States Don't Allow Offshore Drilling

-- House Republicans want to impose financial penalties on states that don't approve offshore drilling for oil and natural gas. s2.washingtonpost.com/784f57/5b2...">Dino Grandoni reports: “The draft proposal, which will be discussed at a hearing of the House Natural Resources Committee on Thursday, says that states will be allowed to disapprove of drilling offshore in up to half of the lease blocks off its coast without incurring a penalty.”


Post# 997183 , Reply# 90   6/14/2018 at 18:14 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

Remains $2.649.

153.0 miles trip today. 75 and 70 MPH (per posted limits), although slowed to 50/40 briefly during a heavy rain (yay!). 41.1 MPG reported.


Post# 997188 , Reply# 91   6/14/2018 at 18:49 by Ultramatic (New York City)        

ultramatic's profile picture

 

 

Went down from $2.97 to $2.93 at my local Gulf.


Post# 997193 , Reply# 92   6/14/2018 at 19:21 by wayupnorth (On a lake between Bangor and Bar Harbor)        

wayupnorth's profile picture
Depends on where you are in the state. Right around 2.75 here. Higher in northern and southern parts of the state. Ironically, lowest prices are going towards Bar Harbor and Acadia now, according to Gas Buddy.

Post# 997236 , Reply# 93   6/15/2018 at 11:05 by Tomturbomatic (Beltsville, MD)        

$2.73 this AM at WAWA


Post# 998526 , Reply# 94   6/27/2018 at 07:44 by Tomturbomatic (Beltsville, MD)        

$2.63 at the 7-11 and the WAWA when I filled up yesterday in Belchville.


Post# 998529 , Reply# 95   6/27/2018 at 07:54 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

$2.449 for a week+.


Post# 998531 , Reply# 96   6/27/2018 at 08:00 by vacerator (Macomb, Michigan)        
Thats great news!

I paid $2.80 as well Monday. Had a funeral to go to in Ann Arbor. I think we burned more fuel sitting in traffic than moving. Normally an hour or less trip took nearly two hours. Used a quarter of the 18 gallon tank, and that's the large part on the gauge from full.
I guess it could be worse like L.A. or Atlanta. Of course this is also construction season.


Post# 998533 , Reply# 97   6/27/2018 at 08:03 by vacerator (Macomb, Michigan)        
Let's hope prices

stabilize now, and don't spike before, or following the July fourth holiday.

Post# 998542 , Reply# 98   6/27/2018 at 10:16 by Tomturbomatic (Beltsville, MD)        

I think they are on the way back up. There was an article on the front page today that our government is going to heavily penalize any government that buys oil from Iran and it was the extra oil that was anticipated from Iran that was supposed to help lower prices.


Post# 998554 , Reply# 99   6/27/2018 at 11:25 by potatochips (Nova Scotia)        

If this regulation causes a hike in the oil price, we may be near  recession. The yield curve is already starting to flatten.


Post# 998581 , Reply# 100   6/27/2018 at 15:17 by vacerator (Macomb, Michigan)        
Kevin,

do you mean the yield curve on stocks, and hedge funds? The market seems to like higher oil prices for a higher yield in profit. However, with that causing higher transit prices for everything, I fear you may be correct at least partially.
I hope not, and it's a little too soon for recession. We just only are on solid ground since the last, and many upper middle age and seniors haven't recovered well at that.
I think, and it's just my observation that it won't be until about 2021, or 2022, or later, like back in 2004 when it began here in the midwest, and Ontario, after our potus was elected to a second term. Then he won't care, not that he does now, only about re election. Then you see, the markets and banks, etc. can and will blame his tariff's. That will at least be an excuse. Then it will be in 2024 as was in 2008.
I pay attention to what goes on, and that will affect my votes both next November, and in 2020.
Scotus justice Kennedy also announced his retirement today by the end of this term.


Post# 998608 , Reply# 101   6/27/2018 at 18:19 by vacerator (Macomb, Michigan)        
That is this current session term of the court.

We discussed at dinner, that if the USA begins to become more autocratic and begin trying to take away civil rights for women, us, etc., of possibly then becoming Canadian's and moving. Whose to say Canada won't go that way in the future though?
However, it is very frustrating to listen to our potus at a rally be so arrogant.
"I'm president, they aren't, my apartment is better, so are they more elite?"
Our Attorney General stated yesterday that hypocritical people who live in gated homes would arrest anyone who trespasses and take their children away in defense of doing so at the southern border. Seriously? No, a misdemeanor does not remove ones children from them. Conviction of a felony can.
No doubt, a new justice confirmation will try to be approved before the November mid term election.
I think, if that happens, women, who outnumber men, will vote for the democrats to retake majority. Even conservative women support their right to choose.
So, in light of that happening later if not sooner will also affect the female vote.
Common sense and mediocraty need to have balance.


Post# 998655 , Reply# 102   6/28/2018 at 05:16 by potatochips (Nova Scotia)        
Hey Mike!

Im talking about the yield curve for two and ten year bonds. Its narrowing again, its at .34 I think? And a month or so ago it was .36. The price of oil usually can be sign of recessions as usually it goes high before a recession. The unemployment rate is also very, very low which, is another sign one is near. PLUS the interest rate seems to be nudging its way up from the fed, even in Canada too. A few analysts are calling the current stock market a hold market, as in dont buy but dont sell either. Just hold and wait. The USs GDP isnt as good as projected for growth this year. I fear too with Trumps corporate tax cuts that the government may not generate as much income. And I also fear this Trump-Trade-Tirade can also have an impact.

 

With all of that above, plus the fact that this has been the second longest business cycle, were due for a recession. I dont want to say its imminent as I think that its probably a year out, but Trumps trade tirade is a wild card that could spark one any time.


Post# 998660 , Reply# 103   6/28/2018 at 05:54 by vacerator (Macomb, Michigan)        
Makes sense Kevin

Could our potus maybe be in on that high oil price, and thus potential for recession then?
Low unemployment is good, but how many new jobs are low pay? That's who recession hurts most, as well as anyone laid off.
During the 60's, and 70's, I recall low unemployment those decades. My dad always had a good job. He never had to draw unemployment. It seemed downturns were minor, and short in the stock markets.
Inflation started to rise in about late 1968, so Nixon tried to pass a wage and price freeze. Congress shot it down. We were still in the Viet Nam war as well.
Some Americans went to Canada over that also.
Still, what happens to the USA also fairly much happens to Canada. Our economies are very closely related.
Hope for the best, neighbor, or neighbour. Peace, and live long, and prosper.


Post# 998708 , Reply# 104   6/28/2018 at 14:17 by vacerator (Macomb, Michigan)        
Spoke too soon.

Back up to $310 here now.
We're getting it from both ends now with construction season.
Many drivers have suffered expensive chick hole damage, now sit in traffic which wastes fuel and adds stress.
Then rather than pay attention to driving so more cars can turn on green arrow lights, they are on the phone, which makes them poke and put.
They don't want mass transit, electric cars, or anything that makes more sense.
Not even the alternating a.m. and p.m. congestion flow reversal like Las Vegas uses.


Post# 999338 , Reply# 105   7/5/2018 at 04:57 by askolover (South of Nash Vegas, TN)        

askolover's profile picture

Just paid $2.99 here for midgrade


Post# 999341 , Reply# 106   7/5/2018 at 05:34 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

$2.419 --> $2.599


Post# 999347 , Reply# 107   7/5/2018 at 06:00 by vacerator (Macomb, Michigan)        
It's Thursday though

so we'll see. It was $289.9 yesterday. Usually goes up on Thursdays. They may have given us a little break for the 4th., then hammer it up for the return to work week.

Post# 999486 , Reply# 108   7/6/2018 at 08:24 by Tomturbomatic (Beltsville, MD)        

WAWA in Beltsville on 7-6-18: From 2.65 to 2.75 for Regular.


Post# 999574 , Reply# 109   7/6/2018 at 22:03 by Northwesty (Renton, WA)        
In the old movies

Gas was about 20 cents a gallon, so that would be about $3.00 today (two silver dimes) Honestly the price of gas isn't too bad.

Post# 999591 , Reply# 110   7/7/2018 at 06:23 by vacerator (Macomb, Michigan)        
Everyone say that about gas prices.

Not too bad, but take into consideration all the other costs of driving, and living which are not as affordable as then. You have to consider the entire picture.
Sure, $3 sounds not bad until you figure in insurance, upkeep, repairs from bad roads, tires are more expensive as they are made with petroleum, etc.
Gas taxes to maintain roads also.

Let's regroup Monday and see where they are.


Post# 1011579 , Reply# 111   10/20/2018 at 18:56 by Tomturbomatic (Beltsville, MD)        
10-19-18

WAWA price for a gallon of regular $2.55, down 11 cents from last week.

Post# 1011608 , Reply# 112   10/20/2018 at 22:00 by DADoES (TX,U.S. of A.)        

dadoes's profile picture

My last buy on 10/17 was $2.509. Saw $2.489 somewhere today or yesterday, and $3.299 somewhere else today for premium grade.


Post# 1011632 , Reply# 113   10/21/2018 at 06:30 by askolover (South of Nash Vegas, TN)        

askolover's profile picture

I think I paid $3.09/gal for diesel Friday morning.


Post# 1011660 , Reply# 114   10/21/2018 at 11:20 by wayupnorth (On a lake between Bangor and Bar Harbor)        

wayupnorth's profile picture
2.70 to 2.80 around here.

Post# 1011663 , Reply# 115   10/21/2018 at 11:38 by JustJunque (Western MA)        
Tim

Yup.
That's about what I'm seeing, a little south of you, in Western MA.

Barry


Post# 1011699 , Reply# 116   10/21/2018 at 18:42 by twintubdexter (Palm Springs)        

twintubdexter's profile picture

My friend is visiting from Phoenix. He just said gasoline is about $1.00 more here a gallon than where he lives. Summer additives along with taxes add to the price of California gas. Being a selfish oldster I don't care about gas prices. I do a tank fill about every 3 months with 2 V8 vehicles. I put 12 gallons in my 65 Buick Wildcat for a local car show yesterday. First time in 3 years. I realize how insensitive it is to say I don't care about fuel prices since many people have to commute out of the Desert for employment, some as far as Ontario or even Los Angeles and for those who use their cars to support their livelihood everywhere.

 

I'll add a few gallons around 2023...I should live so long.


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Post# 1011710 , Reply# 117   10/21/2018 at 20:22 by JustJunque (Western MA)        
Joe

Gorgeous Buick!
And love the plate!

Barry





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