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Thread: $7-a-gallon gas

  1. #201
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    Default Re: $7-a-gallon gas

    $2.55 this morning.

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    Default Re: $7-a-gallon gas

    Gas took a giant jump today. My local stations are all at $2.75 reg.
    Costco is $2.60.

  3. #203
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    Default Re: $7-a-gallon gas

    Our local gas stations are at $4.00 premium regular $3.75

  4. #204
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    Default Re: $7-a-gallon gas

    $2.75 here in ragtown.

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    Default Re: $7-a-gallon gas

    Prices are rising at an enormous pace. I know the old theory of shut downs for maintenance, or seasonal reasons, or crude supply.
    All B/S if you ask me.

    Costco ( cheapest around ) is $2.69.
    Local stations are hovering between $2.79 to $2.83.

  6. #206
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    Default Re: $7-a-gallon gas

    Quote Originally Posted by fxstc07 View Post
    Prices are rising at an enormous pace. I know the old theory of shut downs for maintenance, or seasonal reasons, or crude supply.
    All B/S if you ask me.

    Costco ( cheapest around ) is $2.69.
    Local stations are hovering between $2.79 to $2.83.
    That’s still cheap brother, compared to So California at $4.10 a gallon is highway robbery
    fxstc07 likes this.

  7. #207
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    Default Re: $7-a-gallon gas

    It's nudging closer to $3.00 here in the land of Zion. Time to gouge us all through the summer.

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    fedexnuno likes this.

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    Default Re: $7-a-gallon gas

    An article explaining the rapid rise in fuel prices over the last few weeks.

    What’s Behind The Gasoline Price Spike?
    According to data from the Energy Information Administration, during the first week of January this year the average retail price of gasoline was $2.24/gal. By mid-April, the price had risen to $2.83/gal — an increase of 26%.
    Although gasoline prices usually rise between January and April — for reasons I explain below — this year’s rise has been particularly steep. There are three primary factors behind this.

    Transition to Summer Gasoline

    Midwestern Flooding

    Rising Oil Prices


    Given the combination of factors that have taken place since the beginning of the year, it’s actually surprising that gasoline prices have only risen by 26%. With a 37% rise in the price of oil, the transition to summer gasoline, and the floods in the Midwest, we could have easily seen a 50% rise in gasoline prices this year.
    But, we are still a month or so away from the traditional annual peak in gasoline prices. We could be in for more sharp increases in the weeks ahead.
    https://oilprice.com/Energy/Energy-G...ice-Spike.html

  9. #209
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    Default Re: $7-a-gallon gas

    Seven dollar may be a bargain if this happens....War with Iran....I know the MIC likes to ramp up the threat of Iran and Nukes...but the reality of the situation is that Iran has not started a war in 200 years and is no threat to the United States....if you haven't figure it out by now it's about the west controlling there "Oil" as with "Venezuela".....

    Opinion -War on Iran & Calling America’s Bluff

    "If Tehran were totally cornered by Washington, with no way out, the de facto nuclear option of shutting down the Strait of Hormuz would instantly cut off 25 percent of the global oil supply. Oil prices could rise to over $500 a barrel, to even $1000 a barrel. The 2.5 quadrillion of derivatives would start a chain reaction of destruction.

    Unlike the shortage of credit during the 2008 financial crisis, the shortage of oil could not be made up by fiat instruments. Simply because the oil is not there. Not even Russia would be able to re-stabilize the market.

    It’s an open secret in private conversations at the Harvard Club – or at Pentagon war-games for that matter – that in case of a war on Iran, the U.S. Navy would not be able to keep the Strait of Hormuz open.

    Russian SS-NX-26 Yakhont missiles — with a top speed of Mach 2.9 — are lining up the Iranian northern shore of the Strait of Hormuz. There’s no way U.S. aircraft carriers can defend a barrage of Yakhont missiles."

  10. #210
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    Default Re: $7-a-gallon gas

    Quote Originally Posted by Sayheykid View Post
    Seven dollar may be a bargain if this happens....War with Iran....I know the MIC likes to ramp up the threat of Iran and Nukes...but the reality of the situation is that Iran has not started a war in 200 years and is no threat to the United States....if you haven't figure it out by now it's about the west controlling there "Oil" as with "Venezuela".....
    No to $7 a gallon gas. Won't happen.
    War with Iran ? No, they aren't that dumb. Unless they forge a pact with Russia. Then it depends how bold Putin becomes. ( IMO )

    Opinion -War on Iran & Calling America’s Bluff

    "If Tehran were totally cornered by Washington, with no way out, the de facto nuclear option of shutting down the Strait of Hormuz would instantly cut off 25 percent of the global oil supply.
    I say that wouldn't happen. Iran would suffer under the heavy bombing along the Strait where any military complexes may be. Kuwait, the UAE, Qatar and Oman all have US bases and support services along the coast.
    Besides, US has the highest oil production of any country.

    Here is an article showing the US military along the strait.
    https://www.americansecurityproject....e-middle-east/

 

 
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