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$2.61
Posted: Sun Jun 15, 2014 11:30 am
by Merkin
Paid $3.35 in Tucson Saturday morning, and $3.95 in Buellton Saturday evening driving home. $3.55 Quartzsite filling up before the CA border.
http://losangeles.cbslocal.com/2014/06/ ... a-bargain/
The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped three-tenths of a cent Friday to $4.129, its lowest since April 7, according to figures from the AAA and Oil Price Information Service. While that price is nearly 13 cents more than one year ago, most experts are predicting a relatively tame 7 to 10 cents a gallon increase in the next two weeks as the summer season kicks off.
But any reduction in the flow of Iraqi crude due to the ongoing Islamic insurgency in the northern Iraq cities of Mosul and Tikrit could have worldwide economic consequences, according to oil industry analyst Phill Flynn, who said speculators are watching for the worst-case scenario.
“They think that Baghdad will not fall and that will be a more spirited defense of that city,” Flynn said. “But if it does fall and if the terrorists move further south, the price you’re paying at the pump today is gonna look like a bargain in a couple weeks.”
Re: $2.61
Posted: Mon Jun 16, 2014 1:11 pm
by gumby
Men watch gas prices the way women watch shoe prices.
Bottled water is the real ripoff.
http://sciencebasedlife.wordpress.com/2 ... -gasoline/
Re: $2.61
Posted: Mon Jun 16, 2014 1:18 pm
by Olsondogg
So...speaking of gasoline...what the hell is in this stuff?
http://www.mymagictank.com/
Re: $2.61
Posted: Mon Jun 16, 2014 1:21 pm
by azgreg
Well, they both have pumps.
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
Re: $2.61
Posted: Mon Jun 16, 2014 2:13 pm
by gumby
Rep!
Re: $2.61
Posted: Wed Jun 18, 2014 11:07 am
by azgreg
Senators propose 12-cent gas tax increase
http://news.yahoo.com/senators-propose- ... nance.html
WASHINGTON (AP) — Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress' struggle to pay for highway and transit programs.
The plan offered by Sens. Chris Murphy, D-Conn., and Bob Corker, R-Tenn., would raise the 18.4-cents-a-gallon federal gas tax and 24.4-cents-a- gallon diesel tax by 12 cents each over the next two years, and then index the taxes to keep pace with inflation.
The plan also calls for offsetting the tax increases with other taxes cuts. Senators said that could be done by permanently extending six federal tax breaks that expired this year, but they indicated they would be open to other suggestions for offsets.
The federal Highway Trust Fund that pays for highway and transit aid is forecast to go broke by late August. Revenue from gas taxes and other transportation user fees that go into the fund haven't kept pace with federal aid promised to states. People are driving less per capita and cars are more fuel efficient, keeping revenues fairly flat. But nation's infrastructure is aging, creating greater demand for new and rebuilt roads and bridges. At the same time, the cost of construction has increased.
"For too long, Congress has shied away from taking serious action to update our country's aging infrastructure," Murphy said in a statement. "We're currently facing a transportation crisis that will only get worse if we don't take bold action to fund the Highway Trust Fund."
Since 2008, Congress has repeatedly dipped into the general treasury for money to keep the trust fund solvent, sometimes waiting until the government was the verge of slowing down payments to states. States have complained that the uncertainty over whether federal aid will be forthcoming has limited their ability to commit to larger projects that take years to plan and construct.
"Congress should be embarrassed that it has played chicken with the Highway Trust Fund and allowed it to become one of the largest budgeting failures in the federal government," Corker said.
The six expired tax breaks identified by the senators as possible offsets for fuel tax increases are a research and development tax credit, certain expensing by small businesses, the state and local sales tax deduction, increasing employer-provided transit benefits to the same level as parking benefits, a deduction for spending by teachers on classroom supplies, and an increased deduction for land conservation and easement donations.
Re: $2.61
Posted: Wed Jun 18, 2014 11:13 am
by Chicat
"What if
your at work and your spouse runs out of gas?"
Seems legit...
Re: $2.61
Posted: Wed Jun 18, 2014 11:43 am
by Jefe
Im not even 30 and I remember $0.99/gallon
![Evil or Very Mad :evil:](./images/smilies/icon_evil.gif)
Re: $2.61
Posted: Wed Jun 18, 2014 12:32 pm
by ASUHATER!
Jefe wrote:Im not even 30 and I remember $0.99/gallon
![Evil or Very Mad :evil:](./images/smilies/icon_evil.gif)
right around when i got my driver's permit in the late summer of 2001, i remember filling up the car that i'm driving now for about $.89 a gallon for a couple weeks. cost just over $15 to fill up the tank. now it costs about $52 to fill up the same tank.
Re: $2.61
Posted: Wed Jun 18, 2014 1:00 pm
by Olsondogg
Chicat wrote:
"What if
your at work and your spouse runs out of gas?"
Seems legit...
"What if your at work and your spouse runs out of gas on the way to grammar class?"
Re: $2.61
Posted: Wed Jun 18, 2014 1:10 pm
by Chicat
ASUHATER! wrote:Jefe wrote:Im not even 30 and I remember $0.99/gallon
![Evil or Very Mad :evil:](./images/smilies/icon_evil.gif)
right around when i got my driver's permit in the late summer of 2001, i remember filling up the car that i'm driving now for about $.89 a gallon for a couple weeks. cost just over $15 to fill up the tank. now it costs about $52 to fill up the same tank.
Once all that free Iraqi oil starts flowing it'll get back down there.
Re: $2.61
Posted: Wed Jun 18, 2014 1:23 pm
by ASUHATER!
Chicat wrote:ASUHATER! wrote:Jefe wrote:Im not even 30 and I remember $0.99/gallon
![Evil or Very Mad :evil:](./images/smilies/icon_evil.gif)
right around when i got my driver's permit in the late summer of 2001, i remember filling up the car that i'm driving now for about $.89 a gallon for a couple weeks. cost just over $15 to fill up the tank. now it costs about $52 to fill up the same tank.
Once all that free Iraqi oil starts flowing it'll get back down there.
what? well it won't be free if ISIS blows it all up...and gas will never again be below about $2.80 a gallon (in my mostly amateur opinion). just is too much money to be made by oil companies gouging people across the world. even if the US starts producing more of our own gas and isn't hugely reliant on the middle east anymore, i can still see average gas prices (even in cheap tucson) being $5 a gallon by the end of the decade and pushing $6+ a gallon in expensive parts of the US.
Re: $2.61
Posted: Wed Jun 18, 2014 1:24 pm
by Chicat
I was kidding.
Re: $2.61
Posted: Wed Jun 18, 2014 1:27 pm
by ASUHATER!
Chicat wrote:I was kidding.
i was hoping so haha. if they do take out that refinery or whatever, then the oil companies will use it as an excuse to jack up prices to $4.50 a gallon within a week because of a "shortage".
Re: $2.61
Posted: Wed Jun 18, 2014 2:29 pm
by EastCoastCat
I remember gas lines and odd/even license plate rules...it could be much worse.
Re: $2.61
Posted: Wed Jun 18, 2014 2:42 pm
by scumdevils86
you "old timers" acting like 1974 was hundreds of years ago...geeze
Re: $2.61
Posted: Wed Jun 18, 2014 3:01 pm
by Chicat
Gas just went down .20 here overnight. I have no explanation for this.
Re: $2.61
Posted: Wed Jun 18, 2014 3:19 pm
by Olsondogg
Chicat wrote:Gas just went down .20 here overnight. I have no explanation for this.
Fuckin Obama...oh wait, you said down...my bad.
Re: $2.61
Posted: Wed Jun 18, 2014 3:32 pm
by Chicat
Olsondogg wrote:Chicat wrote:Gas just went down .20 here overnight. I have no explanation for this.
Fuckin Obama...oh wait, you said down...my bad.
He's just trying to support Hillary's book tour.
Re: $2.61
Posted: Wed Jun 18, 2014 4:39 pm
by Merkin
http://abcnews.go.com/Politics/wireStor ... e-24192721
Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress' struggle to pay for highway and transit programs.
The plan offered by Sens. Chris Murphy, D-Conn., and Bob Corker, R-Tenn., would raise the 18.4 cents-a-gallon federal gas tax and 24.4 cents-a-gallon diesel tax each by 12 cents over the next two years, and then index the taxes to keep pace with inflation. The increase would be applied in two increments of 6 cents each.
Re: $2.61
Posted: Wed Jul 02, 2014 5:19 pm
by Chicat
Re: $2.61
Posted: Wed Jul 02, 2014 5:35 pm
by Salty
Chicat wrote:
2009 is a terrible years to use as a benchmark.
Prices now are less than they were in 2008.
These things fluctuate.
Re: $2.61
Posted: Wed Jul 02, 2014 5:37 pm
by CalStateTempe
Salty wrote:Chicat wrote:
2009 is a terrible years to use as a benchmark.
Prices now are less than they were in 2008.
These things fluctuate.
I guess, if you believe cross-sectionally analyses as predictive of trends.
![Image](http://charts.gasbuddy.com/ch.gaschart?Country=Canada&Crude=f&Period=96&Areas=USA%20Average,,&Unit=US%20$/G)
Re: $2.61
Posted: Mon Oct 27, 2014 4:34 pm
by Chicat
Filled up for $2.89 today.
Saw a headline that gas prices just hit a 4 year low.
Re: $2.61
Posted: Mon Oct 27, 2014 4:43 pm
by azcat49
Got a dollar off per gallon at Fry's Saturday and paid $1.85 per gallon. Had my wife bring up every vehicle we had and filled them all up.
Re: $2.61
Posted: Mon Oct 27, 2014 4:46 pm
by ASUHATER!
paid 2.77 in dallas a week ago.
Re: $2.61
Posted: Mon Oct 27, 2014 6:44 pm
by 84Cat
I blame Obama!
Re: $2.61
Posted: Tue Oct 28, 2014 1:09 am
by PieceOfMeat
84Cat wrote:I blame Obama!
![Image](http://i.imgur.com/sJph571.gif)
Re: $2.61
Posted: Tue Oct 28, 2014 6:51 am
by the real dill
84Cat wrote:I blame Obama!
Edit: His continued support of fracking is an important piece of the puzzle, but he hasn't really done a ton policy-wise to impact oil/gas prices either way.
$2.59 this morning.
Further, if oil/gas prices continue to plummet it will have a negative impact on our economy and possibly lead to deflation. Production in the Midwest and Texas is at all time highs with supply dropping now that summer is over.
Re: $2.61
Posted: Tue Oct 28, 2014 9:54 am
by Chicat
the real dill wrote:84Cat wrote:I blame Obama!
Edit: His continued support of fracking is an important piece of the puzzle, but he hasn't really done a ton policy-wise to impact oil/gas prices either way.
$2.59 this morning.
Further, if oil/gas prices continue to plummet it will have a negative impact on our economy and possibly lead to deflation. Production in the Midwest and Texas is at all time highs with supply dropping now that summer is over.
Re: $2.61
Posted: Tue Oct 28, 2014 9:55 am
by catgrad97
Chicat wrote:
Reverse ferret!
Re: $2.61
Posted: Tue Oct 28, 2014 10:18 am
by gumby
The White House chef has more effect on gas than Obama. But it is funny to see that this is only acknowledged when the price falls.
Great time for a carbon tax!
Re: $2.61
Posted: Tue Oct 28, 2014 10:28 am
by the real dill
Chicat wrote:the real dill wrote:84Cat wrote:I blame Obama!
Edit: His continued support of fracking is an important piece of the puzzle, but he hasn't really done a ton policy-wise to impact oil/gas prices either way.
$2.59 this morning.
Further, if oil/gas prices continue to plummet it will have a negative impact on our economy and possibly lead to deflation. Production in the Midwest and Texas is at all time highs with supply dropping now that summer is over.
I'm not some Fox News advocate, but both of those statements are accurate in appropriate context.
Re: $2.61
Posted: Tue Oct 28, 2014 10:34 am
by Merkin
gumby wrote:
Great time for a carbon tax!
Starting 1/1/15 in CA.
Going to hurt low wage earners quite a bit as they can least afford to live close where they work. Gas taxes are very regressive here, so the GOP should be very pleased. It was Schwarzenegger who signed it.
Re: $2.61
Posted: Tue Oct 28, 2014 10:39 am
by Chicat
the real dill wrote:Chicat wrote:the real dill wrote:84Cat wrote:I blame Obama!
Edit: His continued support of fracking is an important piece of the puzzle, but he hasn't really done a ton policy-wise to impact oil/gas prices either way.
$2.59 this morning.
Further, if oil/gas prices continue to plummet it will have a negative impact on our economy and possibly lead to deflation. Production in the Midwest and Texas is at all time highs with supply dropping now that summer is over.
I'm not some Fox News advocate, but both of those statements are accurate in appropriate context.
"Fox News" and "appropriate context" should not be used in the same sentence.
Re: $2.61
Posted: Tue Oct 28, 2014 10:52 am
by JMarkJohns
Paid 2.99 in Flagstaff, today. Cheapest in 4 years.
Re: $2.61
Posted: Tue Oct 28, 2014 1:33 pm
by gumby
Merkin wrote:gumby wrote:
Great time for a carbon tax!
Starting 1/1/15 in CA.
Going to hurt low wage earners quite a bit as they can least afford to live close where they work. Gas taxes are very regressive here, so the GOP should be very pleased. It was Schwarzenegger who signed it.
Should do it B.C. style. Money rebated. Basically, revenue neutral. Other taxes lowered.
Re: $2.61
Posted: Tue Oct 28, 2014 1:41 pm
by Longhorned
Cheap gas hurts human comfort and longevity in the world.
Re: $2.61
Posted: Tue Oct 28, 2014 1:45 pm
by Merkin
gumby wrote:Merkin wrote:gumby wrote:
Great time for a carbon tax!
Starting 1/1/15 in CA.
Going to hurt low wage earners quite a bit as they can least afford to live close where they work. Gas taxes are very regressive here, so the GOP should be very pleased. It was Schwarzenegger who signed it.
Should do it B.C. style. Money rebated. Basically, revenue neutral. Other taxes lowered.
I guess BC style is very carbon friendly.
Looks like the BC maximum net incomes for the tax rebate are $CDN32K and $CDN37K families.
http://www2.gov.bc.ca/gov/topic.page?id ... 674F4EAABD
CA is pocketing a lot of the money, and plans to use some of it to build affordable housing near transportation hubs, and invest in that awful high speed rail between LA and the Bay Area that goes through the San Joaquin valley. What a terrible idea.
Re: $2.61
Posted: Tue Oct 28, 2014 2:19 pm
by Chicat
ASUHATER! wrote:paid 2.77 in dallas a week ago.
Just paid the same amount. Prices went down +$.10 overnight.
Re: $2.61
Posted: Tue Oct 28, 2014 2:35 pm
by 84Cat
84Cat wrote:I blame Obama!
I remember friends blaming Bush for high prices during his term and all I could do was roll my eyes. Gas prices are set on global markets so President's have minimal impact on oil prices but that hasn't stopped the gop from bitching for the last 6 years. That being said, Bush opening up the oil contracts and Obama mostly continuing that policy has lead to record oil supply from the USA which has had a pretty big impact. Also, Saudi Arabia not cut back with this oil glut like they have in the past is the biggest reason gas in dropping.
It will be interesting to see how this impacts investment in the oil sector. Many have said that it has already impacted investment that will be felt for years. If the price continues to drop, I would expect to see some projects stop producing oil as they will be losing money to continue at these prices. I remember reading an Exxon blog post that claimed that it costs Exxon $2.75/gal to bring oil to the market. If that is accurate, something will have to give sooner or later.
Re: $2.61
Posted: Tue Oct 28, 2014 2:51 pm
by Merkin
I blamed Bush for high oil prices due to his Iraq invasion and increasing global tensions in that area which did lead to higher gas prices.
Other than that, no.
![Image](http://www.ogj.com/content/dam/ogj/print-articles/Volume%20111/mar-4/z130304OGJxda01.jpg)
Re: $2.61
Posted: Tue Oct 28, 2014 2:59 pm
by Longhorned
What we really should do is put the oil market in the hands of the government and run it with taxpayer money. Every driver could fuel up once per week without paying, and each additional time pay a supplement determined by the formula of average gallons per vehicle X current production and transport cost X the current Federal Fund Rate + 8.
Re: $2.61
Posted: Tue Oct 28, 2014 3:22 pm
by Jefe
Yes, exactly what we need, more government control
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
Re: $2.61
Posted: Tue Oct 28, 2014 4:11 pm
by ASUHATER!
in some areas, yes we do need government control.
Re: $2.61
Posted: Tue Oct 28, 2014 4:19 pm
by Chicat
ASUHATER! wrote:in some areas, yes we do need government control.
People who advocate for extremely limited government should be forced to live in that Libertarian utopia Liberia.
Re: $2.61
Posted: Tue Oct 28, 2014 6:04 pm
by Merkin
12 cents a gallon in Venezuela.
Gas is cheaper in the US now that Mexico. Remember when people used to run for the border to get gas?
Re: $2.61
Posted: Tue Oct 28, 2014 6:17 pm
by Mr.Zebra
Chicat wrote:ASUHATER! wrote:in some areas, yes we do need government control.
People who advocate for extremely limited government should be forced to live in that Libertarian utopia Liberia.
Liberian girl, you came and you changed my world
Re: $2.61
Posted: Wed Oct 29, 2014 7:19 am
by the real dill
Longhorned wrote:What we really should do is put the oil market in the hands of the government and run it with taxpayer money. Every driver could fuel up once per week without paying, and each additional time pay a supplement determined by the formula of average gallons per vehicle X current production and transport cost X the current Federal Fund Rate + 8.
Why not just have the government control all money and hand out a weekly petty cash allowance along with whatever additional resources they deem appropriate for that week?
Re: $2.61
Posted: Wed Oct 29, 2014 9:09 am
by Longhorned
the real dill wrote:Longhorned wrote:What we really should do is put the oil market in the hands of the government and run it with taxpayer money. Every driver could fuel up once per week without paying, and each additional time pay a supplement determined by the formula of average gallons per vehicle X current production and transport cost X the current Federal Fund Rate + 8.
Why not just have the government control all money and hand out a weekly petty cash allowance along with whatever additional resources they deem appropriate for that week?
They should. Here's the formula for the weekly dole: (1 X each working adult + 0.25 x each child [maximum 0.75]) X CCL (current cost of living) + 5 certificates for government-made sandwiches with condiment packets.