INFLATION IS OUR FRIEND

[CalBears96]

A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan

What does Manhattan have to do with OC? It's $4.xx in OC.

 

[OCtoSV]

Given the US fracking providers were all told to get their balance sheets in order I can see a further constriction of supply and $200/bbl oil, which will go a long way to fixing those balance sheets.

More stoked than ever on my base Model 3 + 26% subsidized Tesla Solar + PW as the more electric cars get sold the tougher it will be for the CA utilities to supply enough juice to the grid. Tesla now even offers a new way to get paid by sharing my PW for a neighborhood micro grid - not happening!!

 

[morekaos]

A year ago I was paying $2.90 for a gallon of gas = $6.00 a gallon gas...fact or just my opinion.  Numbers...just numbers.

Except gas now is about $4.00. Stop lying.

Also, what does that have to do with anything? A year ago, demand was less because fewer people were driving. I mean, seriously. Stop using misinformation.

You were saying?.... ;D ;D >
Gas prices hit $5 in Manhattan

NEW YORK - Gas prices are on the rise and they have hit nearly $5 for regular and are now about $5.40 a gallon for supreme in Manhattan.

A Mobil station on 11th Ave. on the West Side had the eye-popping prices on Monday evening.

https://www.fox5ny.com/news/gas-prices-hit-5-in-manhattan

What does Manhattan have to do with OC? It's $4.xx in OC.

When did I ever specify OC?...doesn't matter, if it in the high $4's now it will be $5 soon enough with oil at $81.51 a barrel today.  Remember...inflation is your friend.

 

[CalBears96]

When did I ever specify OC?...doesn't matter, if it in the high $4's now it will be $5 soon enough with oil at $81.51 a barrel today.  Remember...inflation is your friend.

Well, considering this is OC forum. And it just barely reached $4.00.

 

[morekaos]

OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular Mid-Grade Premium Diesel
Current Avg. $4.455 $4.640 $4.767 $4.524
Yesterday Avg. $4.448 $4.636 $4.760 $4.513
Week Ago Avg. $4.429 $4.615 $4.741 $4.468
Month Ago Avg. $4.393 $4.586 $4.710 $4.390
Year Ago Avg. $3.203 $3.385 $3.505 $3.344
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.671 10/9/12
Diesel               $5.152 5/30/08


Orange County
                      Regular   Mid      Premium Diesel
Current Avg. $4.413 $4.616 $4.721 $4.454
Yesterday Avg. $4.409 $4.609 $4.715 $4.443
Week Ago Avg. $4.399 $4.598 $4.700 $4.378
Month Ago Avg. $4.361 $4.560 $4.664 $4.271
Year Ago Avg. $3.158 $3.341 $3.445 $3.234
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.690 10/8/12
Diesel               $5.164 5/30/08

https://gasprices.aaa.com/?state=CA

 

[fatduck]

maybe he should ban air travel to get the $/barrel back down

 

[eyephone]

Energy global crisis. I think Putin recently says oil might go to $100. Idk

 

[eyephone]

This is noted in the global crisis thread.

 

[CalBears96]

OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular Mid-Grade Premium Diesel
Current Avg. $4.455 $4.640 $4.767 $4.524
Yesterday Avg. $4.448 $4.636 $4.760 $4.513
Week Ago Avg. $4.429 $4.615 $4.741 $4.468
Month Ago Avg. $4.393 $4.586 $4.710 $4.390
Year Ago Avg. $3.203 $3.385 $3.505 $3.344
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.671 10/9/12
Diesel               $5.152 5/30/08


Orange County
                      Regular   Mid      Premium Diesel
Current Avg. $4.413 $4.616 $4.721 $4.454
Yesterday Avg. $4.409 $4.609 $4.715 $4.443
Week Ago Avg. $4.399 $4.598 $4.700 $4.378
Month Ago Avg. $4.361 $4.560 $4.664 $4.271
Year Ago Avg. $3.158 $3.341 $3.445 $3.234
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.690 10/8/12
Diesel               $5.164 5/30/08

https://gasprices.aaa.com/?state=CA

Do you even understand why there's price increase? Do you understand supply and demand? Like I said, it has absolutely NOTHING whatsoever who's the President. Stop being dense.

 

[nosuchreality]

Except here in LA/OC, I was paying $4.50 a gallon in 2008.

OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular Mid-Grade Premium Diesel
Current Avg. $4.455 $4.640 $4.767 $4.524
Yesterday Avg. $4.448 $4.636 $4.760 $4.513
Week Ago Avg. $4.429 $4.615 $4.741 $4.468
Month Ago Avg. $4.393 $4.586 $4.710 $4.390
Year Ago Avg. $3.203 $3.385 $3.505 $3.344
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.671 10/9/12
Diesel               $5.152 5/30/08


Orange County
                      Regular   Mid      Premium Diesel
Current Avg. $4.413 $4.616 $4.721 $4.454
Yesterday Avg. $4.409 $4.609 $4.715 $4.443
Week Ago Avg. $4.399 $4.598 $4.700 $4.378
Month Ago Avg. $4.361 $4.560 $4.664 $4.271
Year Ago Avg. $3.158 $3.341 $3.445 $3.234
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.690 10/8/12
Diesel               $5.164 5/30/08

https://gasprices.aaa.com/?state=CA

 

[morekaos]

OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular Mid-Grade Premium Diesel
Current Avg. $4.455 $4.640 $4.767 $4.524
Yesterday Avg. $4.448 $4.636 $4.760 $4.513
Week Ago Avg. $4.429 $4.615 $4.741 $4.468
Month Ago Avg. $4.393 $4.586 $4.710 $4.390
Year Ago Avg. $3.203 $3.385 $3.505 $3.344
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.671 10/9/12
Diesel               $5.152 5/30/08


Orange County
                      Regular   Mid      Premium Diesel
Current Avg. $4.413 $4.616 $4.721 $4.454
Yesterday Avg. $4.409 $4.609 $4.715 $4.443
Week Ago Avg. $4.399 $4.598 $4.700 $4.378
Month Ago Avg. $4.361 $4.560 $4.664 $4.271
Year Ago Avg. $3.158 $3.341 $3.445 $3.234
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.690 10/8/12
Diesel               $5.164 5/30/08

https://gasprices.aaa.com/?state=CA

Do you even understand why there's price increase? Do you understand supply and demand? Like I said, it has absolutely NOTHING whatsoever who's the President. Stop being dense.

Far more than you could ever understand?On these topics I am far more qualified to comment on them then you. But let?s not get into a resume pissing match? ;D ;D >

 

[CalBears96]

OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular Mid-Grade Premium Diesel
Current Avg. $4.455 $4.640 $4.767 $4.524
Yesterday Avg. $4.448 $4.636 $4.760 $4.513
Week Ago Avg. $4.429 $4.615 $4.741 $4.468
Month Ago Avg. $4.393 $4.586 $4.710 $4.390
Year Ago Avg. $3.203 $3.385 $3.505 $3.344
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.671 10/9/12
Diesel               $5.152 5/30/08


Orange County
                      Regular   Mid      Premium Diesel
Current Avg. $4.413 $4.616 $4.721 $4.454
Yesterday Avg. $4.409 $4.609 $4.715 $4.443
Week Ago Avg. $4.399 $4.598 $4.700 $4.378
Month Ago Avg. $4.361 $4.560 $4.664 $4.271
Year Ago Avg. $3.158 $3.341 $3.445 $3.234
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.690 10/8/12
Diesel               $5.164 5/30/08

https://gasprices.aaa.com/?state=CA

Do you even understand why there's price increase? Do you understand supply and demand? Like I said, it has absolutely NOTHING whatsoever who's the President. Stop being dense.

Far more than you could ever understand?On these topics I am far more qualified to comment on them then you. But let?s not get into a resume pissing match? ;D ;D >

And yet you blame Biden for it? Okay, buddy.

 

[eyephone]

OK...you live in California right?  This is a California forum, right?  A 47% increase in per gallon prices since Granpa Joe took over is inflationary, right?  Or is this some of that friendly inflation we have been talking about?

CALIFORNIA AVERAGE GAS PRICES
                      Regular Mid-Grade Premium Diesel
Current Avg. $4.455 $4.640 $4.767 $4.524
Yesterday Avg. $4.448 $4.636 $4.760 $4.513
Week Ago Avg. $4.429 $4.615 $4.741 $4.468
Month Ago Avg. $4.393 $4.586 $4.710 $4.390
Year Ago Avg. $3.203 $3.385 $3.505 $3.344
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.671 10/9/12
Diesel               $5.152 5/30/08


Orange County
                      Regular   Mid      Premium Diesel
Current Avg. $4.413 $4.616 $4.721 $4.454
Yesterday Avg. $4.409 $4.609 $4.715 $4.443
Week Ago Avg. $4.399 $4.598 $4.700 $4.378
Month Ago Avg. $4.361 $4.560 $4.664 $4.271
Year Ago Avg. $3.158 $3.341 $3.445 $3.234
HIGHEST RECORDED AVERAGE PRICE
Price Date
Regular Unleaded $4.690 10/8/12
Diesel               $5.164 5/30/08

https://gasprices.aaa.com/?state=CA

Do you even understand why there's price increase? Do you understand supply and demand? Like I said, it has absolutely NOTHING whatsoever who's the President. Stop being dense.

Far more than you could ever understand?On these topics I am far more qualified to comment on them then you. But let?s not get into a resume pissing match? ;D ;D >

And yet you blame Biden for it? Okay, buddy.

Yeah, he does not want to talk about the global energy crisis. He will do anything to try to make fun of Biden. This same guy praised the Russian Army. He has made fun of US female soldiers. He does not know about NYC transportation. Maybe he does not live in the US.

 

[morekaos]

Certainly policy and tenure of this administration has contributed mightily in a real and perceived way. Whether you believe that or not, the electorate will. Other administrations would at least try to address the pricing ( release oil from the SPR or open investigations into evil oil companies) but this douche likes high energy costs?he thinks it will save the planet.  However, producers do take cues from policy and they will be slow to increase domestic production to ease supply so prices will continue this ascent for now.

 

[sgip]

Gas pricing is a combination of demand use, available oil to distill, taxation, and storage.

Per Reuters, 2020 saw 8.0 million barrels per day of oil use, with 2021 expected to climb to 8.8 million BPD. (+10%)

In 2020 US production reached 16.5m BPD.
In 2021 it's to fall to about 11.12m BPD per the US Energy Information Administration.  (-31%)

Per the IAE International production through 2026 will still meet world demand.
https://www.iea.org/reports/oil-2021

so..... if demand is increasing, International production still able to meet said demand but US production is falling, a major reason for gas prices rising is because something happened in 2021 that caused US production to fall. It wasn't the cost of a barrel of oil that kept producers from drilling. Oil prices have been rising from 2021's average of $39 to 2021's average of $65 per barrel. It's not shortages from other nations. It's not fracking bans (https://www.foodandwaterwatch.org/2...-biden-promised-a-ban-hes-doing-the-opposite/)

High local prices are more than likely due to wage and taxation policies here in The Soviet Republic of California. That's on Newsom. Why else would gas in Arizona average $3.37 PG? Why else would gas in Nevada average $3.86 PG? Why else would gas average $3.76 in Oregon? The other reason would be the price suppression that increased US production represented during 2017-2020 but no longer exists today. Given the current administrations stance on fossil fuels would anyone want to "drill baby drill"? That part is on Joe and Congress.

As referenced by some, "May we live during interesting times". Indeed we are.

 

[fatduck]

I mean, the opposition to fossil fuels isn't just for funsies

(incoming daily mail article about the "green mafia" or something)

 

[eyephone]

Say that to yourself that the high energy prices is only in California and no other place in the world. Forget what Putin just said.

Gas pricing is a combination of demand use, available oil to distill, taxation, and storage.

Per Reuters, 2020 saw 8.0 million barrels per day of oil use, with 2021 expected to climb to 8.8 million BPD. (+10%)

In 2020 US production reached 16.5m BPD.
In 2021 it's to fall to about 11.12m BPD per the US Energy Information Administration.  (-31%)

Per the IAE International production through 2026 will still meet world demand.
https://www.iea.org/reports/oil-2021

so..... if demand is increasing, International production still able to meet said demand but US production is falling, a major reason for gas prices rising is because something happened in 2021 that caused US production to fall. It wasn't the cost of a barrel of oil that kept producers from drilling. Oil prices have been rising from 2021's average of $39 to 2021's average of $65 per barrel. It's not shortages from other nations. It's not fracking bans (https://www.foodandwaterwatch.org/2...-biden-promised-a-ban-hes-doing-the-opposite/)

High local prices are more than likely due to wage and taxation policies here in The Soviet Republic of California. That's on Newsom. Why else would gas in Arizona average $3.37 PG? Why else would gas in Nevada average $3.86 PG? Why else would gas average $3.76 in Oregon? The other reason would be the price suppression that increased US production represented during 2017-2020 but no longer exists today. Given the current administrations stance on fossil fuels would anyone want to "drill baby drill"? That part is on Joe and Congress.

As referenced by some, "May we live during interesting times". Indeed we are.

 

[nosuchreality]

President Obama left office with Federal expenditures of $3.9T.
Donald Trump left office four years later with expenditures at $7.2T.
And the year before he left at $6.5T.

That?s a lot of juice.

And projections for the next four years are for expenditures to remain above $6T.

Magically our tax revenue will increase from $3.5T where it?s been growing at the rate of GDP growth for the last decade to $5.3T.

 

[sleepy5136]

I think it's funny that we complain about $5/gallon for gas. Have you guys ever went to Europe? They are probably close to $10/gallon now. When I was in Iceland and Norway, it was $7-$8/gallon.

Honestly, I don't care if gas gets more expensive. Driving should be a luxury like it is in Singapore. A Toyota Corolla costs 100k USD and the driving permit is around 30k USD. Not factoring in that you need to change cars every 10 years and renew your permit then as well. We will then be forced to build mass transit and follow other first world countries (China/HK/Japan/Taiwan/Europe). If you need a car? Rent one. I honestly hate owning a car and would rather take public transportation if that option was efficient as other first world counterparts. A depreciating asset is a waste of money and time in traffic is a waste of time.

 

[usctrojancpa]

Mass transit/public transportation sucks balls in SoCal and unfortunately most people need a car to get around SoCal because of suburban sprawl (which has increased with the work-from-home movement).  Unfortunately the kind of higher inflation that we are seeing is hurting those folks on the lower side of the social economic status a lot worse than everyone else even with the higher entry level wages being offered (businesses are passing on those higher labor costs to customers).