2019 Gas price thread: California=4bucks

[delayjf]

Expensive? Yes. Worth it to live in Cali? Yes.

If gas where the only issue, I might agree with you. I lived in CA for 15 years and left 2 years ago to head back to the Mid-west (Kansas City). The expense, the crowds / traffic just got unbearable to me. But I was raised in the Mid-west so weather is no big deal to me, I actually like the seasons. To me, moderate weather was no longer worth the expense, the two hour drives to work, etc. To each its own. Gas in MO is 2.41 at Costco.

[Tom]

Now from $2.74 - $2.84 around here.

Thank you Donald.
Whatcha gonna do when the cost of gas runs all over you?

Stop tweeting, start fixing.

We hit $3 and I am 100% in favor of impeachment or worse.

[taxicab]

Where I'm at(Bay Area):
$4.25 gallon.....UGH.
FWIW:
Two bedroom APT. runs about $3750 monthly.
Two bedroom house(1600 sq. feet) will cost you around $1.2 million.
Dozen Eggs......$3.50.
Loaf of bread....$3.49.
Deli roast beef......$15.00 lb.
Good Pizza.....$30+.
Strangely,the most overpriced purchase in the Bay Area..........Chinese restaraunt dining........pork fried rice/S&S pork/Beef Broc/Prawns......around $60.

[Clocker]

Originally Posted by Tom

Thank you Donald.
Whatcha gonna do when the cost of gas runs all over you?

Stop tweeting, start fixing.

Fix it? He caused it.

Oil surges 2.7% to nearly 6-month high, settling at $65.70, after Trump cracks down on Iran exports

Oil prices surged about 3% at midday on Monday, hitting fresh 2019 highs, after the Trump administration announced that all oil buyers will have to end imports from Iran in just over a week or be subject to U.S. sanctions.

The administration said the State Department will cease granting sanctions waivers to any country still importing Iranian crude or condensate, an ultra-light form of crude oil, after May 2.

https://www.cnbc.com/2019/04/22/ener...anian-oil.html

[Marshall Bennett]

$2.50 is still cheap gasoline all considered. The poster in Canada is paying over 6. Also, never underestimate the power and influence of big oil companies. Their price structure is a pattern by which they nearly always show profit...and they all sleep in the same bed.
Gasoline in this country is still very cheap.

[Tom]

Originally Posted by Clocker

Fix it? He caused it.

https://www.cnbc.com/2019/04/22/ener...anian-oil.html

I know - who better to fix it?
That is why I say, $3 is my tipping point.
Best then to hand over the reign to Pence.

This is absurd and there is no good reason for it.

[MargieRose]

Originally Posted by Tom

Now from $2.74 - $2.84 around here.

Thank you Donald.
Whatcha gonna do when the cost of gas runs all over you?

Stop tweeting, start fixing.

We hit $3 and I am 100% in favor of impeachment or worse.

Overboard reaction!

I've seen oil at over $70.00 per barrel, and during the heating season. Worth the 2.7% increase, if it ultimately cripples Iran. Any doubt that it is Iran who is continuing to fund ISIS (a la Sri Lanka), and over the welfare of his own people? Buy a hybrid...42 mpg on average; I know, I have one.

[MargieRose]

Originally Posted by taxicab

Where I'm at(Bay Area):
$4.25 gallon.....UGH.
FWIW:
Two bedroom APT. runs about $3750 monthly.
Two bedroom house(1600 sq. feet) will cost you around $1.2 million.
Dozen Eggs......$3.50.
Loaf of bread....$3.49.
Deli roast beef......$15.00 lb.
Good Pizza.....$30+.
Strangely,the most overpriced purchase in the Bay Area..........Chinese restaraunt dining........pork fried rice/S&S pork/Beef Broc/Prawns......around $60.

Bu...bu...but, no one is calling to impeach the governor because of these crazy prices?

[Marshall Bennett]

That governor needs impeached for a whole host of things.

[AndyC]

Originally Posted by Clocker

Fix it? He caused it.

https://www.cnbc.com/2019/04/22/ener...anian-oil.html

If that were true then the price of gas would have been this high or higher the last time oil hit this price. When oil was over $100 per barrel gas was often lower than it is now.

[Marshall Bennett]

Originally Posted by AndyC

If that were true then the price of gas would have been this high or higher the last time oil hit this price. When oil was over $100 per barrel gas was often lower than it is now.

This sort of coincides with my earlier post about oil companies. A good case in point was the late 70's when a gasoline shortage was entirely blamed by the Carter government on the Arab oil embargo. This had an effect, but equally so was Carter's threats of massive government regulations on US oil producers. In response they cut their refinery operations by more than half and output to a trickle. Take that, see who holds the trump card. They also blamed oil prices and loss of imports for shortages and long gas lines at pumps. In fact there was a whole lot more oil refineries had access to than the public was aware of. The Shah of Iran had been flooding our supplies for years and facilities to manage it had maxed out.
We had 100,000 employees living in Iran building any modern technical feature anyone could imagine. Oil was the primary source of payment. When the Shah was disposed of and a new government took over, the entire energy deal collapsed almost overnight.
Indeed there was a slash in imports that followed, but no there wasn't anywhere near a shortage. A huge lie. Oil companies began banking on their prior investments raising gas prices. Up to this point gas was as cheap as 30 cents a gallon in many states. As prices rose Carter threatened more or less to force prices to stabilize. The response was a display of power he was helpless to compete with.
I'm not directly making a comparison of now with then, just that gas prices are hugely regulated by those that produce it as much if not more that the government or world oil prices.

[ElKabong]

Originally Posted by Tom

Now from $2.74 - $2.84 around here.

Thank you Donald.
Whatcha gonna do when the cost of gas runs all over you?

Stop tweeting, start fixing.

We hit $3 and I am 100% in favor of impeachment or worse.

Some common sense and reasoning here.
Gas was about 60 cents or more during the 1973 oil embargo. Cost of living increases over the past 45 years plus, make $3 a gallon seem reasonable.

Want to get mad at the price of necessities?
Phone company. I paid $10 a month for phone service in 1980. Two phones. Now I pay about $100 for two phones.

How much do you pay for Internet access? Do you think it's fairly priced?

In 1973 I paid forty cents for a double hamburger. It's about ten times that now.

A coke cost about 15 cents at a corner store. Now, it's well over a dollar.

On and on.

Be lucky we aren't paying six bucks a gallon. Seriously.

[Tom]

More sanity here....the increases have happened just recently and in big jumps.