So what's everone paying for gasoline?

[gunsmith]

last week 3.43 a gallon, yesterday 4.25 ... at the cheapest place for miles and miles. - most places are around 5 a gallon

[JonnyB]

SW Minnesota:

Friday, 04 MAR, gas was $3.49 and Diesel $4.09.

Today, Monday, 07 MAR, $3.99 and $4.68, respectively.

Jon

[K Frame]

Apparently Peppermint Patty got really snippy with a reporter yesterday when she was asked about increasing oil production. Not sure what the question was, but I'm sure it was pretty innocuous.

Were I a reporter, my first and only question would be "How will the administration, and you, deflect blame to Donald Trump when people freeze to death this coming winter because they're too poor to afford heating oil?"

[Ben]

Apparently Peppermint Patty got really snippy with a reporter yesterday when she was asked about increasing oil production. Not sure what the question was, but I'm sure it was pretty innocuous.

She was blaming the oil producers, saying that there are 9000 gov approved leases and the oil companies are dropping the ball. What she failed to say, either through ignorance or lying, is that those leases are only approved for exploration. It can take years to explore a lease to find enough oil to produce. Then you have to go through the gov to get production drilling permits, which can take years longer, especially when enviros sue for additional environmental impact statements.

If we wanted producing oil from many of those leases, exploration should have started years ago, with some guarantee to the oil producers that they wouldn't be Keystoned in the middle of lease development.

[dogmush]

Gas around here went from $3.99 on my way home last night to $4.19 on the way to work this morning.

[WLJ]

US expected to ban imports of Russian oil

US President Joe Biden is expected to announce a ban on US imports of Russian oil later today.

The announcement is expected to come as the latest sanction in response to Moscow's invasion of Ukraine.

The White House said Biden is set to speak at 15:45 GMT to "announce actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine" .

Biden's administration has been under increasing pressure from US lawmakers to take this step.

https://www.bbc.com/news/live/world-europe-60657155

Now my question is. How much of this has already been factored in before hand in current prices?

[K Frame]

The Commies.... er Russians... and now threatening to shut down all gas supply to Europe if an embargo on Russian oil is carried out.

US is probably going to embargo Russian oil this afternoon.

Oil is up almost $10 a barrel right now.

[RocketMan]

$3.79 around these parts.  Up another 20 cents from the last time I posted on 2/24.

$4.19 for regular UL today.  $4.99 for diesel.  Biden is doing a fine job.   

[Boomhauer]

Apparently Peppermint Patty got really snippy with a reporter yesterday when she was asked about increasing oil production. Not sure what the question was, but I'm sure it was pretty innocuous.

Were I a reporter, my first and only question would be "How will the administration, and you, deflect blame to Donald Trump when people freeze to death this coming winter because they're too poor to afford heating oil?"

I hate that bitch more than Pelosi.

[WLJ]

[HankB]

When crude oil prices go down, the oil companies say you don't see price reductions at the pump for around 8 weeks since that's roughly the length of time it takes the product to go through the supply chain.

When crude oil prices go up, the price at the pump goes up immediately - sometimes only a few days, but other times, just a few hours. Amazing supply chain, that.

Or - AS USUAL - we're being lied to.

Blatantly.

[WLJ]

When crude oil prices go down, the oil companies say you don't see price reductions at the pump for around 8 weeks since that's roughly the length of time it takes the product to go through the supply chain.

When crude oil prices go up, the price at the pump goes up immediately - sometimes only a few days, but other times, just a few hours. Amazing supply chain, that.

Or - AS USUAL - we're being lied to.

Blatantly.

It's even worst than that

As we reported a short while ago, the US is suspending its imports of Russian oil and gas. Here's what that means:

    New contracts to purchase Russian crude oil and certain petroleum products, liquefied natural gas (LNG) and coal will be banned effective immediately.
    Existing contracts must wind down within 45 days.

Still have 45 days before the tap is shut off but the price goes up NOW

[Hawkmoon]

It's even worst than that

Still have 45 days before the tap is shut off but the price goes up NOW

Probably a coincidence but ... isn't that exactly what happened with Russian ammunition? Existing contracts were allowed to be fulfilled, but the prices went up immediately, as if the flow from Mother Roosha had stopped overnight.

Capitalism at work, a.k.a. "the law of supply and demand" (as in, gouge the consumer any way you can, using whatever flimsy excuse sounds good at the moment).

[WLJ]

Probably a coincidence but ... isn't that exactly what happened with Russian ammunition? Existing contracts were allowed to be fulfilled, but the prices went up immediately, as if the flow from Mother Roosha had stopped overnight.

Capitalism at work, a.k.a. "the law of supply and demand" (as in, gouge the consumer any way you can, using whatever flimsy excuse sounds good at the moment).

Actually the price hadn't gone up. At least it hadn't when I last checked before Putin put the Chicken Kiev in the oven.

[WLJ]

Okay just checked

I seem to recall Wolf 7.62x39 being ~$350 1k which was roughly the price before the "ban".
With the Chicken Kiev in the oven it's gone up to $380-$400

[Ron]

$4.25 NW Indiana

If we all just park our cars and trucks for two weeks we can flatten the curve!

[WLJ]

$4.25 NW Indiana

If we all just park our cars and trucks for two weeks we can flatten the curve!

I put a mask on my car

[Ron]

I put a mask on my car

I had a car bra on a couple of my cars back in the late 80's early 90's.

It didn't keep bugs out of the radiator any more effectively than masks... oh never mind... 

[WLJ]

I had a car bra on a couple of my cars back in the late 80's early 90's.

It didn't keep bugs out of the radiator any more effectively than masks... oh never mind...

I love how when people took them off they often discovered the paint underneath was now a different color shade from the rest of the car.

[dogmush]

[BobR]

So what's everone paying for gasoline?

Are you looking for daily, twice daily or hourly updates to the rising prices?

bob

[Ben]

quote]So what's everone paying for gasoline?

Are you looking for daily, twice daily or hourly updates to the rising prices?

bob

No kidding. Watching Gas Buddy is getting to be more entertaining than watching Youtube.

[Ron]

I love how when people took them off they often discovered the paint underneath was now a different color shade from the rest of the car.

I only used mine on the long road trips. Even with that there were spots that had to be polished out.

[MechAg94]

$3.80 per gallon down here on the Gulf Coast this afternoon. 

[MechAg94]

I saw an Instagram comment:  "If everyone just doesn't drive for two weeks, we can flatten the curve!"