Pages

Friday, February 26, 2021

Are we headed back to $3 per gallon gas?

(NEXSTAR) – It may feel like gas prices are high right now, but come summer you may be wishing the winter fuel prices would return. 

The average U.S. price of regular-grade gasoline jumped 14 cents a gallon over the past two weeks to $2.64, according to the Associated Press. The price at the pump has climbed 46 cents since Nov. 20.

*****

It was $2.48 a gallon for gas Thursday and diesel was at $2.58 a gallon here at the Shell station in Lafayette when I went into town about 10 AM. Checking gasbuddy.com, I see Thursday night gas dropped 10 cents in price.
Before this covid bullshit, gas prices fluctuated by a penny or two day by day. Now a 10 or 15 cent overnight increase or decrease isn't unusual.

50 comments:

  1. Replies
    1. Paid $2.69 yesterday in Kenosha at a Kwik-Trip station that usually has the lowest prices around. It just cracked $3.00 a gallon down on the corner in suburban Chicago.

      Delete
  2. Well,I guess this post is proof positive that you have actually left California.

    ReplyDelete
  3. I paid $2.24 today. Before the coup I was paying $1.80 - $1.85.

    ReplyDelete
  4. I'd LOVE to see $3 per gallon gas. The cheapest nearby station is 3.79 for the lowest grade of gas. Good old Commiefornia.

    ReplyDelete
    Replies
    1. Well buy enough of it to get the fuck out of there.

      Delete
    2. Oh, I fully intend to. Sold the house, selling the possessions. Need to wait for the DW's medical stars to line up before we can go anywhere

      Delete
  5. Not to be one of those folks, but, the economic scuttlebutt is that we are on the upswing of a commodities super cycle. I dabble in day trading, but one of my few long holds is a Oil and Gas ETF. I'm up over $20 a share in the last 3 months. I expect $5+ a gallon gas, and lots of inflation, before the swing starts back down.

    I won't rant about it here, but if anyone is a investment inclined person, I would recommend looking in to it.

    ReplyDelete
    Replies
    1. Ignore the fancy terminology, all a "commodities super cycle" really means is that prices rise fast while demand holds steady or rises slowly. In other words, inflation.

      If you're up significantly over the short term, take your profits while you can, even if you think things might go higher. We're near the top of a stock market bubble.

      Check into your ETF's holdings. Most of those petroleum ETFs tend to invest in producers as well as in commodities. Well, the producers are getting screwed over badly.

      Delete
  6. Here in madera calif at 2pm i paid 3.499 per gallon. 3 per gallon seems nice right now.

    ReplyDelete
  7. We're in the $2.95 range, $3.10 cash across the street (don't know why). When last you talked about this, it was $2.77 at 6 am and was $2.85 when they opened at 8 o'clock. $3.00 cash across the street.
    Farm Diesel (500 gallons or more) was $1.80 on January 20. Yesterday it's $2.20.
    They say we are in for serious fertilizer price increases due to tariff wars lowering world product movement, and higher natural gas & oil prices for feed stocks to make product. $4 corn will be in the rearview mirror for at least a couple years.
    Buckle up. It's going to get bumpy.
    Jerry

    ReplyDelete
    Replies
    1. I know my layer crumble and rabbit feed went up almost 2$@ bag at coop. I like to shop local so I use the coop but I am gonna check the TSC if its a noticeable difference. Gas at 2.59@ gal here in NE TN.

      Delete
    2. Go to TSC's website and join their 'Neighbor's Club'. I get a 10% off coupon e-mailed to me about every 12 weeks. It helps a lot, as I purchase lots of sweet cob and generally save 30 bucks using the coupon.
      Then I head down the street to Savemart and blow my savings on Tennessee sour mash. Works out well.

      Delete
  8. $3 a gallon? I wish. I fully expect to see gas at $4-5 a gallon by the beginning of 2022.
    The leftists in charge have essentially shut down ALL NEW oil and gas exploration and production in the USA. ANY increases in usage will require importation of oil from outside the country. And that will cost beaucoup bucks. The price per barrel of oil has risen by almost 50% in less than 4 months. With no new sources coming online that price can only increase.

    ReplyDelete
  9. $2.99 cash +10 cents if you use a card, at the ripoff station today in the Pacific Northwest.

    ReplyDelete
  10. $2.99 cash +10 cents if you use a card, at the ripoff station today in the Pacific Northwest. 2 oil refineries within a 10 mile radius, 4 within 30 miles.

    ReplyDelete
    Replies
    1. Means little because outside of Texas, very few refineries deliver locally. Most sell to wholesalers and the petroleum travels through their transport and storage systems before it reaches your local retailer.

      Delete
  11. Here in Sacramento it's gone from $3 to $3.40 in the last 2 months.

    ReplyDelete
  12. I have NEVER seen an overnight decrease of ten or fifteen cents, or a nickel for that matter. It jumps up by ten to twenty cents overnight and comes down by pennies over several weeks - typical sawtooth pattern.

    ReplyDelete
  13. No, its 'not before this covid bullshit' its before this bullshit democrat stole an election

    ReplyDelete
  14. From 2.29 to 2.60 in the last couple weeks near Cleveland, OH

    ReplyDelete
  15. Yep hang on bitches!!! The smart person would already own a fuel efficient vehicle of sorts. Say old beater or a motorcycle, scooter, something along those lines. One can still get engine kits for bicycles saw these all over Africa and now in the warmer climate in the FUSA. Get a used Huffy beach cruiser, and the $100 kit and you have a 30 mph rig that does not need a tag, (yet anyway). Me i have panniers on my two street legal motorcycles.

    But yes with Obammy calling the shots, you should expect $6 a gallon fuel. Now that you know get off your ass and do something about it.

    Got comms? Get your HAM ticket, buy a multi band/mode HF radio while you still can. Oh you’ll need a power supply, tuner, antenna, cables, etc. got to go my morning net just started!!

    Spicy times bitches, spicy.

    Cavguy

    ReplyDelete
    Replies
    1. Remember Obama's first Secretary of Energy? The Asian Egghead from Lawrence Livermore Lab and U.C. Berkeley? The guy that was asked what he thought gas prices should be? The one that said we should be paying about the same as they pay in Europe for a gallon of gas?

      And then upon further questioning he admitted he doesn't drive, that he gets driven everywhere he goes in a government vehicle. And he and everybody at the hearing got a big chuckle out of that.
      Drain the Swamp.

      Delete
    2. We shouldn't just drain the swamp. Everything in the swamp needs to be run through the wood chipper as it is draining. Everything!

      Delete
  16. Paid $2.84 Friday morning here in Illinois.

    ReplyDelete
  17. "Mandated" solar panels on all new cars, it's coming.

    The inmates are in charge of the asylum. Enough pain and deprivation is coming for all our families till we wish we had done something to stop the coup from succeeding.

    ReplyDelete
    Replies
    1. Pretty sure we did do a bunch of something to stop it, just wasn't enough.

      Delete
  18. Gas is up 50 cents a gallon here in central NY since Biden was sworn in.

    Gotta love liberals and their new 'green new deal'.

    ReplyDelete
  19. Climate tax in action. How much more will we all collectively pay over the next 4-8 years, or forever?

    ReplyDelete
  20. $3 a gallon is pretty optimistic. I'm expecting $5 to $8 by the end of the year. Whether or not you'll need proof of Covid immunization to buy gas (or pretty much anything else) is still a matter of speculation.

    ReplyDelete
  21. A lot of the increases are due to the huge increases in natural gas prices over the past few weeks due to cold weather. Several refineries have shut down, believe it or not due to that increase. Also several were shut down by the cold weather, most of them are coming back online though. Things will increase due to commies, but its not all because of them.

    ReplyDelete
    Replies
    1. Concur. It's a combination of factors, more people back on the roads, weather and Nat gas demand affecting refineries, and Biden EOs about pipelines and drilling leading to speculation driving prices.
      BUT the key is that the Biden administration's position will make prices worse for consumers, not better. It is intentional.

      Delete
  22. $1.29 a liter here in Alberta, so that would be over $4 a gallon US.

    Exile1981

    ReplyDelete
  23. I hope the lefties enjoy their power while they have it; 2022 is coming.

    ReplyDelete
    Replies
    1. And you are expecting the 2022 election might be honest? Even the establishment repubs want to keep the old cheat-em voting machines

      Delete
  24. Yesterday it was $2.90 in Westerville Ohio

    ReplyDelete
  25. At least we haven't gotten to "odd-Even plate number, 5 gallon limit days". After 6 months of that shit back in '73-'74 most people were willing to sell their first born for a full tank.

    ReplyDelete
  26. Range for regular unleaded is about 3.30 at the cheapie stations to 3.85 at the "branded" ones. We always get screwed on gas prices here in SoCal.

    ReplyDelete
  27. Premium over $4/gal here in Encinitas.

    ReplyDelete
  28. I'm not worried about $3 gas. I'm more concerned about $8 gas, with a block long line to get into the gas station. In early September, I saw the the number of "rotary rigs running" quoted by Hughes (Baker Hughes I presume) had dropped 70% from a year prior. It was 1045 in Sep 2019, 308 as of Sept 4, 2020. A rotary rig is a drilling platform, not producing yet. When we finally burn off the inventoried crude and demand exceeds current production, expect gas prices to go ballistic.

    Geek

    ReplyDelete
    Replies
    1. I'd agree with you Geek, except for one thing. The Ayrabs desperately want to sell to us, and our inventories are large enough to last until more tankers arrive from them. Prices will continue to rise but the rise should be relatively steady rather than going ballistic unless the Ayrabs or the Demoncraps try to cut us off.

      Delete
  29. Follow-up - stats for Feb 26, 2021
    Rotary rigs running: 565, Year ago: 1030 Change -45.15%

    Geek

    ReplyDelete
  30. One day I passed by a station and it was 2.59 a few days before it was 2.29 Yesterday I saw a place that was 2.69 sad to say by memorial day it may be above 3.50 or 4 a gallon

    ReplyDelete
  31. Already there - Diesel just hit 3.069 per gallon in South Bend IN. Another month and it will be at 3.40 and regular will top the 3 mark. Regular seems to track 40 cents below whatever diesel is selling for.

    ReplyDelete
  32. The federal reserve is printing money likes its going out of style fuel because they need inflation and gas is not the only thing that is going up i price there will be more pain to come.

    ReplyDelete
  33. Bought a Ram 2500 and a horse trailer with living quarters to get away. $3.09/gal. Yesterday. Fuck Biden.

    ReplyDelete
  34. Thank Joe Biden for that, shutting down the pipeline. Down goes supply, boom.

    ReplyDelete
  35. Where the hell have you been? The Oregon coast aint no gas haven.

    ReplyDelete

I moderate my comments due to spam and trolls. No need to post the same comment multiple times if yours doesn't show right away..