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Bus Discussion => Bus Topics ( click here for quick start! ) => Topic started by: windtrader on March 08, 2022, 10:38:22 AM
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Not sure about you rich guys, but I am choking at the rise in fuel prices. This is insane and just hope it is a freakout spike and prices will return to earth as the travel season gets going.
Literally, a couple of days ago, I snapped a photo off my TV showing gas price along the Big Sur route 1. Not surprising since gas is rare in certain sections.
Then today, I passed the corner gas station and saw this price this morning.
WTF! Seriously, this is just a regular suburban corner station here in NorCal.
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This is price gouging, not supply/demand or inflation - Big Oil profits are through the roof and they're spending a lot of that money on misinformation to deflect the blame. Best way to bring the prices back down is to draw enough attention to that fact.
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This is price gouging, not supply/demand or inflation - Big Oil profits are through the roof and they're spending a lot of that money on misinformation to deflect the blame. Best way to bring the prices back down is to draw enough attention to that fact.
Unfortunately right now, oil is a commodity traded on the open market and subject to supply issues (and even fear of supply issues). Got any suggestions on how to make it better?
Without a doubt some will get very rich off this catastrophe. Not sure how to fix it.
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Last time we had war in Europe, everyone didn't own 3 cars... and the fuel we did use was much more local/regional in nature, when it wasn't being rationed.
Stop the war, watch the prices come down.
Happy coaching!
Buswarrior
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This is price gouging, not supply/demand or inflation - Big Oil profits are through the roof and they're spending a lot of that money on misinformation to deflect the blame. Best way to bring the prices back down is to draw enough attention to that fact.
Oil refiners like Exxon,Chevron and others buy their oil on the open market they are not selling oil but a finished product how are they the blame, our energy dept of the FED screwed this up fuel in Needles CA was $6.59 a gal buy 200 gals of that
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If you sell wood furniture and the price of wood goes up, do you expect your profits to go up dramatically? Many of the big oil companies are showing profits better than any year for most of the last decade, despite the severe reduction in demand due to how many people are not commuting or travelling, yet somehow they're still raking in twelve figures worth of profits - not revenue, just actual profits. That's insane.
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Every time prices at the pump go up, the finger is pointed at excess profits by the evil oil companies. Profit margins at the gasoline pumps are tight due to competition among the oil companies.
The Tax Foundation has calculated that the government profits more from gasoline at the pump than the oil companies by a long shot. The government does not do the work of finding, pumping, refining and distributing the oil which magically appears as refined gasoline at your local gas station. All the government does is levy the taxes. The question needs to be asked if the government will declare a moratorium on taxes at the pump to ease the pain at pump the public is now experiencing? Not holding my breath.
Don is showing the prices here in California which have the highest amount of taxes added on at the pump than any other state in the nation. The reason CA has the highest prices is simply because CA has the most taxes added at the pump.
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...Don is showing the prices here in California which have the highest amount of taxes added on at the pump than any other state in the nation. The reason CA has the highest prices is simply because CA has the most taxes added at the pump.
They do have higher taxes, but not that much higher. Certainly not enough to explain the price differential. Unleaded is selling here for $3.99/gal and our taxes are only about $0.40/gal less the last time I looked. What explains the rest of the difference? Who's making all the extra from that $6.59/gal being charged in Needles? And how did the Feds screw this up if fuel here is still hovering at about $4/gal? If this was the fault of the Feds prices would be that high everywhere.
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Richard, As Clifford pointed out, refiners need to buy crude oil on the open market. Around Christmas the price of crude oil was about 75 bucks per barrel. Today the price was more than $125 per barrel which is a 66% increase since Christmas.
Oil companies do not control the price of crude oil. The oil market which consists of many companies and countries around the world are involve in pricing oil in the market.
California does indeed have the highest pump taxes of any state. Pump taxes in Wisconsin are about half of California's pump taxes are. The point of my post is that is since refiners are paying $125 per barrel for crude oil, they may not have the ability to lower pump prices. The government could declare a tax holiday to relieve the suffering that the middle- and lower-class folks are enduring at the pump. Will they?
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Gas here this am was $4.19. 5pm it was $4.49. Two days ago I paid $3.91. Week ago, $3.69
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Richard, As Clifford pointed out, refiners need to buy crude oil on the open market. Around Christmas the price of crude oil was about 75 bucks per barrel. Today the price was more than $125 per barrel which is a 66% increase since Christmas.
Oil companies do not control the price of crude oil. The oil market which consists of many companies and countries around the world are involve in pricing oil in the market.
California does indeed have the highest pump taxes of any state. Pump taxes in Wisconsin are about half of California's pump taxes are. The point of my post is that is since refiners are paying $125 per barrel for crude oil, they may not have the ability to lower pump prices. The government could declare a tax holiday to relieve the suffering that the middle- and lower-class folks are enduring at the pump. Will they?
In the most recent data I can find (from early 2022) Wisconsin's gasoline taxes total $0.329 and California's $0.566/gal. You are correct that California's taxes are much higher, but it's only a $0.237/gal difference which doesn't even begin to explain the huge difference in price between the two states.
I do agree with you about the companies buying oil on the open market. But, aren't they also the ones selling it? Might be two different arms of the oil industry, but to most people it's all the same. If BP is pumping crude and selling it on the open market to themselves at twice the price, aren't they still making more money? If not, where does the extra money go which the crude is bringing on the market?
Will there be tax holidays? That's going to have to be on a state-by-state basis since the bulk of the taxes in most states is not the Federal tax but the state tax.
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News flash!
In the few hours since posting this morning, a glance at the sign after running a few errands and guess what - yep - price hike!
$6.59 this morning and now $6.69 for diesel.
This is beyond insanity and any form of price gouging. More like greasy, slippery, crude gluttons on steroids!
Fed 24.4 cents, CA 38.9 CA diesel tax, sales tax 13%
At $6/gallon, fuel tax is 63.3 + 78 for sales tax, $1.41 If the sales tax is piled on the fuel taxes then tax total is $1.49 per GALLON!
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...Fed 24.4 cents, CA 38.9 CA diesel tax, sales tax 13%
At $6/gallon, fuel tax is 63.3 + 78 for sales tax, $1.41 If the sales tax is piled on the fuel taxes then tax total is $1.49 per GALLON!
Never even occurred to me that some states charge sales tax on top of their fuel tax - isn't that plain double dipping?
We pay our state and federal fuel taxes, and that's it. No additional sales tax.
All that said, you might need to check your math. Here's an article from which seems to show a total around $0.8655/gal including all state and federal taxes. Still very high, no doubt, and still much higher than other states. Still doesn't explain a difference of over $2/gal in price. Maybe it's the cost of operating a fuel station in CA?
https://californiaglobe.com/articles/californias-highest-in-the-nation-gas-and-diesel-taxes/
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@ Windtrader, Hey Don here in Kansas the gas is $3.26 and went up today to $3.38 OMG :^
California 101,
Richard wins the guessing.
Being my wife ran four stations in California years ago. She says first a station doesn't make their money off of gas they make it off the food and candy etc, sodas and beer especially and cigarettes big part in the market part.
The owners make a small profit and the states and local government make money big time off of taxes and hidden fees such as Road taxes, bridge taxes where there are tolls, and in California every time there is an election there are tons of do you want this or that and the people vote NO and so the state put it on Fuel taxes and then they don't spend it on the road etc. and the roads and infrastructural goes to hell in a hand basket. Then the next they vote it starts all over again and they blame it on the oil companies which it is not.
As far as Needle, CA it is always very high because they know some don't want to drive 2 blocks and get it for 3.00 less seriously in Arizona
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Look at it this way everyone wanted the $15.00 min livable wage which we got without firing a shot now $15.00 will buy you 2.5 gals of gasoline,Dave Needles jumped to $6.99 for diesel in 3 hours. it is $4.77 and $4.99 at the 1st stations in AZ cheaper as you head for Bullhead City
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That lock I need on the fuel door of my bus just got a lot higher priority!
Shopping online for it now.
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In addition to the Federal requirements put on the refiners of gasoline by the EPA, California has its own state EPA requirements as well as CARB (Calif Air Resources Board) sticking their nose into everything. That's likely another reason gasoline costs more to produce here in CA.
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We've had our fuel door locked for quite some time now. I'm more concerned about vandalism (spiking the fuel for engine failure) more than fuel theft), either way it is a deterrent...
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If you listen carefully to the Biden admin everyone needs to shut up and go buy your EV cars, bus'es and trucks then no more worries about oil and you will save mother earth in the process. (Remember don't let a crisis go to waste.)
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It is going to be tough now to drive for $1.50 a mile just for fuel with a RV ,fuel will get higher before a decline,the middle east producers raised their prices Tuesday ,they are not going to pump more but the same amount at higher prices it sucks
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If you listen carefully to the Biden admin everyone needs to shut up and go buy your EV cars, bus'es and trucks then no more worries about oil and you will save mother earth in the process. (Remember don't let a crisis go to waste.)
You misspelled Fox News
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Not a thing we can do about it but suck it up ,shipping has gone through the roof most are adding a fuel surge already
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Ironically we (USA) still pay a lot less for fuel than most countries.
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Ironically we (USA) still pay a lot less for fuel than most countries.
We have more untapped oil than most countries to,it doesn't help with a woman running our energy dept that taught politics at Berkly in Ca and has no back ground in petroleum,and now she is a expert in clean energy
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Well, O'Bama did say he wanted to drive gas prices up to over $5.00 a gallon so it looks like they are back on the plan.
Jim
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$ 6.99 a us gal. for reg. gas here in Huntsville Canada at 3:30 pm today
wow thats cheap !
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Looks like today crude prices dropped 12%, the worst day since November for oil prices. Hard to tell what's going on anymore.
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You misspelled Fox News
Glad to here you watch Fox news too I really am :^
https://www.dailymail.co.uk/news/article-10587073/Harris-pushes-green-energy-Americans-face-record-gas-prices.html
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Looks like today crude prices dropped 12%, the worst day since November for oil prices. Hard to tell what's going on anymore.
That happens when people short sale the oil futures (1000 barrels) they sale the price drops then they buy back
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They are as much to blame as anybody else.
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I'll try to make this simple. The US government no longer allows us to extract our own oil out of our own soil. So now we buy the oil we need from despots and tyrants. This increases said dictators' war chests. In turn, allowing them to finance bloody wars. This is not on accident. Eighteen months ago we produced more petroleum than we used, so we were able to export crude for profit, which allowed us some control over crude prices. Now we are reliant on oil gangsters to supply our nation's energy. Oil companies have no control over crude futures when they're not able to create supply. Put the blame squarely where it belongs. What changed a year and a half ago besides the current potatus?(potato in chief). Patrick
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As with most problems within a capitalist society, the root cause can be found if you follow the money. Where is most of that money going? Not into the pockets of Joe Biden or even the average Californian Democrat (*boo*, *hiss*, I guess) but into those of the oil companies and related American Oligarchs.
Now, I don't begrudge capitalism as a concept, but when you have a handful of highly profitable companies with a cartel (let's call a spade a spade here) which benefit from taxpayer-funded subsidies while using those same profits to buy politicians and oppose any research or policies which could endanger their grip on the energy market or even address the environmental damage of their operations, that is not sustainable in the long-term or good for the average citizen.
In a healthy market, prices at the pump would be tied to acquisition and production costs, not a vague metric of 'how much they think they can get away with'. (Yes individual gas stations have thin profit margins, but only because the skimming happens earlier in the chain) All y'all talking about taxes, where the oil comes from, what Biden wants, etc. are missing the key point that oil company profits are through the roof; if any of those factors was the main reason for gas price increases, we would not be seeing profit surges as they 'pass the cost' to us. Surging profits absent related demand or competitive value point to price gouging, plain and simple.
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LOL Walmart and Amazon both make more money than any oil company :^ in the US
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LOL Walmart and Amazon both make more money than any oil company :^ in the US
If I were trying to describe how Ted Bundy is a serial killer, pointing out John Wayne Gacy's higher body count doesn't exactly invalidate the original argument.
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If you don't have the App on your phone, install GasGuru. It tells the cheapest wherever you are.
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I'll try to make this simple. The US government no longer allows us to extract our own oil out of our own soil. So now we buy the oil we need from despots and tyrants. This increases said dictators' war chests. In turn, allowing them to finance bloody wars. This is not on accident. Eighteen months ago we produced more petroleum than we used, so we were able to export crude for profit, which allowed us some control over crude prices. Now we are reliant on oil gangsters to supply our nation's energy. Oil companies have no control over crude futures when they're not able to create supply. Put the blame squarely where it belongs. What changed a year and a half ago besides the current potatus?(potato in chief). Patrick
Please show some facts to back this up.
We recently drove from Wisconsin to New Mexico and passed countless pump jacks in action, natural gas wells in action, etc.
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...All y'all talking about taxes, where the oil comes from, what Biden wants, etc. are missing the key point that oil company profits are through the roof; if any of those factors was the main reason for gas price increases, we would not be seeing profit surges as they 'pass the cost' to us. Surging profits absent related demand or competitive value point to price gouging, plain and simple.
Thanks for making the point so well.
I've been asking for a while for people to look to see where all the higher costs were going - if crude oil is now selling for 50% more than last month, then someone in the crude oil business is making a windfall while the rest of of suffer paying their "market prices" for fuel.
Even a hint of a fear of lowered supply sends commodity markets into crazy mode - suppliers make out like bandits and we pay the bill.
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Purchase oil company shares and cash in on the winnings?
Oh, never mind...
Happy coaching!
Buswarrior
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Oil refiners like Exxon,Chevron and others buy their oil on the open market they are not selling oil but a finished product how are they the blame, our energy dept of the FED screwed this up fuel in Needles CA was $6.59 a gal buy 200 gals of that
I remember way back in Carter admin how the oil companies held tankers offshore and claimed shortage was greater than it was. They are expert at market manipulation as well as public opinion manipulation ie: Herb Schmertz a true genius at shaping public opinion.
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Purchase oil company shares and cash in on the winnings?
Oh, never mind...
Happy coaching!
Buswarrior
Funny I got my yearly check from Chevron the 1st of the year,when I looked at it WTH the check was written on the bank of China.I want someone to tell me where the out fits like Chevron and Exxon proifts come from,it dosen't all come from fuel most profits come from their chemical divisons and other divisions, oil companies are not the problem
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I remember way back in Carter admin how the oil companies held tankers offshore and claimed shortage was greater than it was. They are expert at market manipulation as well as public opinion manipulation ie: Herb Schmertz a true genius at shaping public opinion.
The price of toilet paper now is blamed on shortages,the oil in the tankers belonged to Armaco that were off shore back in the Carter oil embargo and they would not let it be unloaded
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Funny I got my yearly check from Chevron the 1st of the year,when I looked at it WTH the check was written on the bank of China.I want someone to tell me where the out fits like Chevron and Exxon proifts come from,it dosen't all come from fuel most profits come from their chemical divisons and other divisions, oil companies are not the problem
How do you figure?
Oil companies pump crude from the ground and sell it to their own holding companies and to other companies.
The oil that they were pumping recently for less than $50/barrel is now selling for over $100/barrel. I doubt that their costs of production have gone up more than a few cents/barrel since then, so all the rest is straight up profit (or price gouging, depending on who you ask.)
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How do you figure?
Oil companies pump crude from the ground and sell it to their own holding companies and to other companies.
The oil that they were pumping recently for less than $50/barrel is now selling for over $100/barrel. I doubt that their costs of production have gone up more than a few cents/barrel since then, so all the rest is straight up profit (or price gouging, depending on who you ask.)
Let me ask you this should a US oil producer sell his oil cheaper that he has to pay for oil.Pumping oil the pumps jacks on shallow oil wells it takes 1000 of those to pump enough oil in a day for a truck load and maintance to pump that oil is pricey.and natural gas wells you tell if producing gas with out going to well head not driving by,put the blame where it belongs,if DC can take the credit for cheap fuel then they take credit for high prices IMO
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Let me ask you this should a US oil producer sell his oil cheaper that he has to pay for oil.Pumping oil the pumps jacks on shallow oil wells it takes 1000 of those to pump enough oil in a day for a truck load and maintance to pump that oil is pricey.and natural gas wells you tell if producing gas with out going to well head not driving by,put the blame where it belongs,if DC can take the credit for cheap fuel then they take credit for high prices IMO
You're missing my point completely.
You're also conflating the part of the oil industry that buys crude with the part that refines it into fuels. Of course the refineries need to pass their increased crude prices along to consumers, and that's not at all what I'm talking about.
I'm talking about the price the crude oil people are getting for their crude oil.
The price crude oil sells for on the open market is not at all connected with the actual cost of bringing it up out of the ground.
When crude oil futures double in price do you really think that means that the cost of production suddenly doubled? Of course not - it's only changed because the market forces were such that produced the increase in value.
Oil companies are pumping oil from the exact same wells around the world today as they were a month ago (except possibly inside Russia at the moment) and the cost of production today isn't that much different than it was then. But the market forces (fear of shortage of supply, etc) have raised market prices for crude oil to well over $100 suddenly.
Most oil companies we commonly refer to by a single name (BP, Exxon, etc.) are actually made up of various divisions and sub-companies. The people that pump the oil from the ground may be called BP, and the people pumping gasoline into your tank may also be working for BP, but in between the two there are at least a few internal sales of the product along the way and at each sale BP is making additional profit.
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With prices today I don't know about 50% but it is costing a lot more now to produce oil than a year ago,our cheap under 2 bucks a gal fuel is gone ,it will level off in a few years at above or around $4.00 a gal
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That's right, blame oil companies, pharmaceutical companies, anybody else you can. Forget about hundreds of billions of dollars they invest to produce breaking drugs to keep us living longer, drilling in hostile enviornments to keep us in fuel, etc,. Convenient to forget about all that. Just forbid companies making profits on anything. We are not in the Standard oil times anymore. Just sell everything. Stay home, blame everybody,do solar and never get sick and hope for sunny days.,
Time to lock this one too.
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That's right, blame oil companies, pharmaceutical companies, anybody else you can. Forget about hundreds of billions of dollars they invest to produce breaking drugs to keep us living longer, drilling in hostile enviornments to keep us in fuel, etc,. Convenient to forget about all that. Just forbid companies making profits on anything. We are not in the Standard oil times anymore. Just sell everything. Stay home, blame everybody,do solar and never get sick and hope for sunny days.,
Time to lock this one too.
Not sure about the others, but to me there's a difference between blaming and understanding where the money's going.
I'm not for a second saying companies aren't entitled to a fair price for their efforts, and I'm not saying that they're not entitled to recoup their investments.
But, I do think that it's important to also understand that when market forces double the cost of a product overnight it's not because the companies' costs suddenly doubled. It's because trading on an open market means that even fear of a shortage alone is enough to cause price increases nearly instantly.
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Forget about hundreds of billions of dollars they invest to produce breaking drugs to keep us living longer, drilling in hostile environments to keep us in fuel, etc,.
Those are operating expenses and do not factor into profits. Big Oil makes tons of take-home-money even after they spend billions to get that oil (and suppress other energy sources), Big Pharma likewise rakes in an unconscionable amount of profit even after paying for all that R&D. That's just an old corporate line to get the common folk to help defend the exploitation.
I mean really, the 18 richest oil CEOs added 8 billion dollars to their personal net worth in just the past year, how is that not insane? Meanwhile folks on the bottom are having actual financial trouble because of a few cents more in gas prices, it's not right.
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Oh.🙄
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Petroleum is a global product in a global market that generally follows capitalistic tenets. That is demand and supply direct pricing. Even here, I think there is consensus that we as global citizens would be better off with less carbon emissions coming from petrol engines.
The US can depress global demand by transitioning to EV, especially powered by solar, wind, hydro, renewal sources. The only way out is to divorce the country from the global petrol cartels. Even nuclear to me has fewer nation-state issues than oil.
Even if the US becomes a net zero consumer of oil, we are still deeply integrated to the global oil cartels, so it isn't like prices here in the USA are going to suddenly become stable and manageable and affordable. The only way that occurs is with government intervention via tariffs, taxes, policy, etc. All political methods, none free open market related as that still is based on global supply and demand.
Now back to the news. $6.69 holding for a second day. lol
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$3.38 :^
Car registration California $225.00 per year. plus 65.00 smog inspection but only every two years .No tax on food items.
Car registration Kansas $49.00 for 3 years. Plus $20.00 safety inspection Taxable all food items
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My bus ran great on the Florida trip. Ordered the new air filters from Luke this morning. Guys in Florida noticed a safety steer installed by the last guy. Said that is a good thing. I got close to 9 MPG coming home but I was never good at math. Still made me feel good. July will be time to change the fuel filters and Luke sent me those last year. The TPMS worked great and I noticed pressure dropped in Fla since I was at sea level instead of 2000 feet at home.
Just great to get the bus out on the road again !!!
Found about 8 lovebugs on the nose this morning. Lucky I got out of there before they swarm. They take a lot of Dawn to get off.
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Happy to hear you had a good trip.
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Have you noticed there is never a solution to the world's problems?
The world has a Savior. Yet, we keep trying to save it...
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Have you noticed there is never a solution to the world's problems?
The world has a Savior. Yet, we keep trying to save it...
What?
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FACTCHECK POSTS
Obama Wanted Higher Gasoline Prices?
By Robert Farley
Posted on March 23, 2012
Republican presidential candidates Mitt Romney and Newt Gingrich have repeatedly lifted several quotes out of context to allege that President Barack Obama and his administration actually wanted to drive up the price of gasoline, and have succeeded.
Gingrich said Obama wants gasoline prices to get to the European levels of $9 or $10 a gallon, but that “he just wants it to be gradual.” But that’s not what Obama said. Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment” because “the fact that this is such a shock to American pocketbooks is not a good thing.” He said nothing of wanting to goose gasoline prices to European levels, gradually or otherwise.
Romney has repeatedly claimed Obama said during the 2008 campaign that under his energy policy, energy prices would “skyrocket.” “And they have,” Romney said. But Obama was talking about electricity, not gasoline. And the cap-and-trade plan he endorsed to limit carbon emissions — which died in the Senate in 2009 — included provisions aimed at protecting consumers from higher prices.
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Yeah, whatever.
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What we need is unity as we all start crying. Stay fueled my friends😉
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What we need is unity as we all start crying. Stay fueled my friends😉
I'm with you. When does the crying start? :'(
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Crude prices dropped again to about $103, which is almost 25% down from its recent spike.
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Reduction has happened partly due to China locking down some provinces due to Coronovirus explosion, causing March and April futures drop. Also talks between Russia and Ukrane quelling some panic buying. Hopefully it'll keep dropping.
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Oil forecast is 145.00 to $150.00 a barrel for May 2022
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Ouch!
I'm muttering I just put in 100 gallons then do the math - still over 500 bucks?! Gonna hurt to travel this summer
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Crude dropping like an anvil yesterday and today...
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fuel dealers are gonna get whip sawed with these major price change. They got fuel at peak price and have trouble selling it when it drops 50 cents or retail. Mainly little guys. The big ones buy fuel on contracts, so are insulated for now.
Like nat. gas they were drilling everywhere in PA. eight to ten years ago. Now equipment sitting doing nothing. This spike may help if drilling permitted. Guess big banks are stuck with a lot of it the equipment.
Reminds me of the coal stripping north. 25 or so years ago, dozens Euclids, etc sitting unused to rust away an closed sites.
Couple reopened here every few years. They remove the fill from closed mine, mountains of Rock dirt piled. Then extract more coal. When they are done, they refill, lime it and return to original contour, plant evergreens.
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Rig (drilling) count is up by 13 when the rig count goes above 750, prices will drop for awhile.There is so much miss information on the Keystone pipe line from Canada it's not funny,you have people like Buffet that owns railroads and prefers rail for transportation of the crude from Canada whom we import more crude from than any other country
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I thought Keystone was a red herring? Wasn't it just going to take Canadian crude to the port for export? Didn't think we were going to be using the oil from it in the US.
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I heard on news this morning that unlike the last oil shock where fuel went over $4/gal now we are a net exporter of oil. We produce more than we consume. But we are part of the global supply system so prices are still high.
I still say build nuke plants and synthesize hydrocarbon fuels from co2 and h2o. Only build the MSRE thorium based nukes so they cant melt down.
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I thought Keystone was a red herring? Wasn't it just going to take Canadian crude to the port for export? Didn't think we were going to be using the oil from it in the US.
The Keystone pipe line was to supply refineries on the Gulf Coast that is all it was intended to supply,it supplies a refinery in Illinois on the way down,The Keystone Pipe Line is a political football
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fortyniner said; "now we are a net exporter of oil."
Source please.
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The Keystone Pipeline is currently in operation, has been for quite some time. The Keystone XL was an extension to the existing pipeline which was cancelled, basically just a shortcut which would have gone through some questionable areas to shorten the distance and probably not help our gas prices at all (Might have increased them!). The operators of Keystone (TC Energy / Canadian Govt) no longer even want the XL extension.
As long as the price of oil is set by cartels we'll forever be at the mercy of corporations and foreign powers, until we are no longer dependent on it.
https://www.snopes.com/news/2022/03/14/open-keystone-xl-pipeline/ (https://www.snopes.com/news/2022/03/14/open-keystone-xl-pipeline/)
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fortyniner said; "now we are a net exporter of oil."
Source please.
Depends on your definition of oil.
If you mean all petroleum products (crude oil + finished products) then we've been a net exporter for a while.
But, if you mean crude oil, then we are a net importer. We've been making improvements on this for many years though.
Forbes has some great articles explaining the fine details of all this.
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The Keystone Pipeline is currently in operation, has been for quite some time. The Keystone XL was an extension to the existing pipeline which was cancelled, basically just a shortcut which would have gone through some questionable areas to shorten the distance and probably not help our gas prices at all (Might have increased them!). The operators of Keystone (TC Energy / Canadian Govt) no longer even want the XL extension.
As long as the price of oil is set by cartels we'll forever be at the mercy of corporations and foreign powers, until we are no longer dependent on it.
You have any idea how much it cost the US citizens for Joe stopping a permitted pipe line with secured right of way paid for,we will never know the true cost of Joes screw up,when the permit was stopped the 1st time TransCanada sued for 15 billion and was settled out of court it will probably cost us another 15 billion plus 800,000 barrels of oil a day
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You have any idea how much it cost the US citizens for Joe stopping a permitted pipe line with secured right of way paid for,we will never know the true cost of Joes screw up,when the permit was stopped the 1st time TransCanada sued for 15 billion and was settled out of court it will probably cost us another 15 billion plus 800,000 barrels of oil a day
I do not, and neither do you. You say they settled out of court - what's your source on that? I see only that the lawsuit was suspended per mutual agreement and that a number of legal experts think they'd have had a very hard time winning that case. I'm not even sure the Govt can settle out of court in a case like this without disclosure, as the money would have to come from public budgets.
The XL extension was slated to cross tribal lands and major water tables, operated by a company which has a lousy reputation for preventing oil spills. Do you know how much it may have cost to deal with the resulting cleanup?
Also, this
https://www.consumerwatchdog.org/keystone (https://www.consumerwatchdog.org/keystone)
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Crude may be down, but I read this morning about the severe shortage of diesel fuel world wide. I must admit that my optimism was premature...
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Crude may be down, but I read this morning about the severe shortage of diesel fuel world wide. I must admit that my optimism was premature...
I read about that too. Seems that most of Europe gets their diesel from Russia instead of refining it themselves, so it's not surprising they're having a problem right now.
We refine our own here in the US, but some of it is exported.
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One can read the facts from other sources besides the internet written by folks in the trench and it only cost a couple hundred dollars a year in a printed magazine.Permits are not issued from the government in a blank form to lay a pipeline without routes and right a way secured they have done the impact studies and engineering. It will be laid Joes order he signed is good till he is replaced in 2024.All Federal and state agencies plus Tribal sign off on a permit at Tenn/Gas we had 11,000 miles of pipelines
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One can read the facts from other sources besides the internet written by folks in the trench and it only cost a couple hundred dollars a year in a printed magazine...
Whether one reads them in physical printed form like you mention or reads them on the internet, it is possible to read the same exact information. And to your point specifically, many of those magazines written by folks in the trench are ONLY available online, such as Bus Conversion Magazine.
It's also possible to read printed magazines and "scholarly" articles in print which are totally bogus.
The type of media doesn't matter. What matters is being able to discern the difference between fact and fiction, between subjective and objective, etc. Same as it always has been.
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Whether one reads them in physical printed form like you mention or reads them on the internet, it is possible to read the same exact information. And to your point specifically, many of those magazines written by folks in the trench are ONLY available online, such as Bus Conversion Magazine.
It's also possible to read printed magazines and "scholarly" articles in print which are totally bogus.
The type of media doesn't matter. What matters is being able to discern the difference between fact and fiction, between subjective and objective, etc. Same as it always has been.
I don't care where you get your information but there are better sources ,me I never take the first lie when it comes from the main stream news Fox,CNN or others
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The best parts about online content are that it can be corrected in situ (when the author is well intentioned) and that there's often a comment section dedicated to picking it apart (when the author is not). Now, obviously most comment sections are cesspools full of garbage but when an article is pushing a false or misleading narrative, quite often there's someone somewhere in the comments rebutting with logical arguments and sources to back them up. These particular commenters can be tricky to find, but usually if you just look for the long paragraphs without words in all caps you can narrow it down.
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I don't care where you get your information but there are better sources ,me I never take the first lie when it comes from the main stream news Fox,CNN or others
I think we both agree here - news broadcasts (regardless of which one) are not reliable sources of facts.
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Although it seems like a lot of people these days get their info from all the talking heads and believe it.
Its funny how both side lie to twist peoples thoughts to what they want them to believe. Or the narrative they have been paid to follow to get their monetary support for toeing the line. Sad the world has come to this.
At least with Magazine publications they can't say "I didn't say that" because it is in print where as the internet can be changed multiple times in seconds. :^
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Gas Buddy Foundet Patrick De Haan stated today that the recent prices increases of gasoline and diesel over $3.30 per gallon, to $4/$5 per gallon, was the result of Pres. Putin of Russia war on the Ukraine. But the already higher $3.30 a gallon, before Putins disruption of the world fuel market, was driven by the American peoples use of vehicles (and RVs) and supply and demand for vacations and getaways during Covid. PBS News Hour 31March22...
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Yeah, sure. Good to know...
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Yeah, sure. Good to know...
LOL fuel prices are set for April not much relief in sight with oil @ 100 bucks + a barrel ,sad when we have political teacher from Berkley over our energy dept that is dumber than a box of rocks
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We sort of left Europe out of our energy calculations for the last 20 years it seems.
I just think we are not very strategic on the long game. We take the opposite strategy from divide and conquer instead incentivize opponents to band together against us.
Arrogance of power perhaps.
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Just got back from our trip to Pomona then to Tucson and back to Nampa, Idaho. 2600 miles total. Diesel averaged $4.90 and averaged 7.3 mpg on my Kenworth truck conversion (41,000lbs). Good luck, TomC
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Tom
Good to hear that you got it on the road. I would ask how it drove BUT you have already driven it enough to know.
Melbo and Billie