The price of gas is getting out of hand. I went the the station this morning and asked for $5 worth of gas. The guy farted and handed me a receipt...
Fuel prices near you
- Thread starter DriftwoodSVT
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Just got back from the march meet in Bakersfield CA, saw 6.00\G for 87 on the way to LAX!
Announced the Energy bans and immediately jumped to 4.46, 5.25 & 5.46 respectively
Still haven't heard of anyone changing their plans yet.
Concerts, flights, vehicle sales, cruises.
Everything is still overbooked, prices aren't high enough for people to feel it yet.
Let's see if a few months in the 5s/6s break our spending.
Americans have something like 30 Trillion in savings still.
Concerts, flights, vehicle sales, cruises.
Everything is still overbooked, prices aren't high enough for people to feel it yet.
Let's see if a few months in the 5s/6s break our spending.
Americans have something like 30 Trillion in savings still.
$4.89 for 87 at Costco in Long Beach, CA yesterday.
Supply chain woes creating 'dire' outlook for shale growth, Occidental CEO says
Mar. 08, 2022 3:34 PM ETOccidental Petroleum Corporation (OXY)By: Carl Surran, SA News Editor12 Comments
ssuaphoto/iStock via Getty Images
The U.S. shale patch is in "a dire situation" and will find it hard to raise production enough to address global demand growth, as supply chain constraints and personnel shortages are severely limiting companies' efforts to grow, Occidental Petroleum (OXY -1.8%) CEO Vicki Hollub warned, according to Argus.
"We have never seen a scenario where we need to grow production when supply chains in every industry are being impacted by the pandemic," Hollub reportedly told the CERAWeek by S&P Global conference.
Companies working the Permian Basin also do not have enough rigs to support strong growth, and have used up most of the drilled-but-uncompleted wells that provided a quick growth boost in previous up-cycles, Hollub said.
To turn things around, the industry needs fresh support from the Biden administration, going beyond just regulatory freedom, Hollub said, adding that the president's warnings over price gouging damages public sentiment towards the industry.
And apparently another .10 across the board later today, so a like .35 jump today alone.
Saw $4.99 diesel locally today.
That's been obvious since the beginning.
There's a pretty good bar across the street from that place. Very unique area to visit.
This is going to get much worse before it gets better. Grocery prices are going up significantly, if you can even find what you want.
Can't afford gas? Buy a $60,000 EV. Makes perfect sense.
That's been obvious since the beginning.
You might want to rethink that road trip to Death Valley.
There's a pretty good bar across the street from that place. Very unique area to visit.
This is going to get much worse before it gets better. Grocery prices are going up significantly, if you can even find what you want.
Can't afford gas? Buy a $60,000 EV. Makes perfect sense.
It's now $4.89. It'll be $5 by this weekend.
Price of gas is at an all time high, yet price of a barrel is still @20% under the peak of $145 back in 08.
Maybe refining costs are higher…
I also noticed mortgage rates at the bank are up even though the Fed hasn’t raised rates yet.
Sent from my iPhone using svtperformance.com
Maybe refining costs are higher…
I also noticed mortgage rates at the bank are up even though the Fed hasn’t raised rates yet.
Sent from my iPhone using svtperformance.com
$4.10 for 87, $5.69 for Diesel
Friday 87 was $5.06, yesterday it was $5.69. I expect $6 a gallon by this Monday at the latest.
I paid 4.91 for diesel again. It hasn't moved in 4 or 5 days here.
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