$5.70 a gallon in Tempe. This is insane, $6.00+ for the rest of summer? (Phoenix: to buy, luxury)

[Williamhbonney]

$85 to fill my cars little tank. Crazy to think that a quick run to the west side or AJ from Tempe is now $10-15 round trip.

Even my motorcycle tank is $30+ to fill.

[cjs123]

I hear ya. As I have whined elsewhere on C-D, I drive from San Tan to Phoenix daily. No bueno. I sincerely hope this doesn't last for ages...or just long enough for all of us to think $4.50 is a "good price". I doubt it will ever go back down to where it was before--I don't think it ever does after a price hike (thinking of earlier times). I don't have any stats, just remembering.

[banger]

Perhaps Barak Obama said it best.....

"Elections have consequences"

Why is anyone on Gods Green Earth surprised?

The man told the public during the campaign in no uncertain terms.... He would shut down the fossil fuel production in the United States if he was elected.

Naturally, this is the one and only promise he kept.

Lucky us.

[MN-Born-n-Raised]

Originally Posted by banger

Perhaps Barak Obama said it best.....

"Elections have consequences"

Why is anyone on Gods Green Earth surprised?

The man told the public during the campaign in no uncertain terms.... He would shut down the fossil fuel production in the United States if he was elected.

Naturally, this is the one and only promise he kept.

Lucky us.

Are you saying Biden's US policy is responsible for the entire GD world's cost of energy?! I never realized a president's wishes (which many of his desires have been overturned by the courts) had such a high impact on gas prices.

Here is your homework assignment. Study this graph https://www.macrotrends.net/2501/cru...e-prices-chart (the cost of a barrel of oil and the cost of a gallon of gas). See if you see a pattern.

[Ponderosa]

Gasoline prices have been dropping on the mercantile exchanges and are about 50 cents per gallon lower than this time last week. Of course, not a penny of that has been reflected in prices. Based on historical futures prices, gasoline should be sell for about a dollar less than it is on the national average.

Crude oil is around $120 per barrel which is high but well below prices we have endured before. However, the price of gasoline sold by refiners relative to what they pay for the oil is very high. So high in fact that it blows away all historical peaks. A little bit of gouging going on?

Anyway, the price picture at this moment along with typical seasonal patterns suggests that pump prices should be falling as summer ends. Until the world oil industry adjusts to the realities of Russian aggression and the sanctions imposed in reaction, relief will be minor - a buck maybe?

[MN-Born-n-Raised]

Originally Posted by Ponderosa

Gasoline prices have been dropping on the mercantile exchanges and are about 50 cents per gallon lower than this time last week. Of course, not a penny of that has been reflected in prices. Based on historical futures prices, gasoline should be sell for about a dollar less than it is on the national average.

Crude oil is around $120 per barrel which is high but well below prices we have endured before. However, the price of gasoline sold by refiners relative to what they pay for the oil is very high. So high in fact that it blows away all historical peaks. A little bit of gouging going on?

Anyway, the price picture at this moment along with typical seasonal patterns suggests that pump prices should be falling as summer ends. Until the world oil industry adjusts to the realities of Russian aggression and the sanctions imposed in reaction, relief will be minor - a buck maybe?

One reason the price of gas is higher in the summer is the blend. Maybe relax the blend demands over the summer?

If gouging is going on, I would favor the US government getting into the oil exploration and refinery business. I mean, it works for a multitude of countries. You know, China National Petroleum Corporation, Petroleos de Venezuela, Saudi Aramco, and others.

That said, generally speaking, gas prices and oil prices go hand and hand.

[MN-Born-n-Raised]

Several of the outstate areas are charging in the $4.50 range. See here https://www.gasbuddy.com/gasprices/arizona

[Ponderosa]

Originally Posted by MN-Born-n-Raised

One reason the price of gas is higher in the summer is the blend. Maybe relax the blend demands over the summer?

If gouging is going on, I would favor the US government getting into the oil exploration and refinery business. I mean, it works for a multitude of countries. You know, China National Petroleum Corporation, Petroleos de Venezuela, Saudi Aramco, and others.

That said, generally speaking, gas prices and oil prices go hand and hand.

That has been done here in the past when the Cali refineries blow up or the pipelines have failed. Those were actual shortages though. There is no shortage of gasoline or oil at the moment. No lines, no out of gas signs to be seen anywhere in the US.

[Igor Blevin]

I wouldn't say that $6/gallon gas is a foregone conclusion.



It might be $7 or $8.

[tijlover]

And if you were to look at gas prices in the rest of the world, next time you filled up at $6 a gallon you'd be screaming Bargain. $11 a gallon in Hong Kong. And $10 a gallon in Europe, and do you hear them complain?

One solution is to drop the sanctions against Venezuela/Maduro, which our current President and past President refused to do. My how picky we've gotten over which Dictator to buy oil from!! Yes, the oil from Venezuela is more difficult to process, but there were 2 refineries built during the Chavez years to handle it. Chevron is standing by in Venezuela, just in case.

If our public transit was more fun to ride in this country, more would use it. 5 trips to Central America, I rode in the back of pick-up trucks, holding on to a bar, and riding the fun chicken buses, where vendors hop, on and off, along the way selling anything from delicious friend chicken to vitamins to everything under the sun.

All those pick-up trucks prowling our streets could be used for public transit and our old school buses. And down there you need not be at a designated bus stop, just flag one down anywhere and they'll stop for you. What a luxury!