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No surprise it's gone up. Demand is at an all time high this summer, due to people being eager to hit the road. I visit my sister who lives in a vacation destination every 4th of July, and last year no one was there. But this year, oh, man, the crowds were the biggest I've ever seen, and I've been making this trip for 20 years now.
Demand makes the cost go up. It's not rocket science. And it's also got nothing to do with Biden.
The Saudis have made nice with their rivals too, so they have cut back production.
So, rather than relying upon anecdotes and biased perceptions we can use the internet to show that there are about 50% more miles being driven than during the Covid suppressed 2020.
It is rigged to go down like a clown. It has always been a rigged game to rip of us. I am so happy to be done with gas.
Profit margin on a gallon of gas is maybe 10%.
The government cut when you look at all of the taxes and fees implicit or explicit is going to be closer to 50%.
Hate to break it to you but there aren't many products out there with lower profit margins...except for car insurance lol...but you probably think that's a scam too lol.
lol. I just saw this thread and started reading the first page. I got excited a moment thinking gas prices were going down. Dang it for being an old thread.
So, rather than relying upon anecdotes and biased perceptions we can use the internet to show that there are about 50% more miles being driven than during the Covid suppressed 2020.
Biased perception appears when only half of an equation is presented and half of my statement is ignored.
The charts show "about 50% more miles being driven than during the Covid suppressed 2020".
Agreed.
It also shows about 50% more miles being driven prior to the Covid suppressed 2020.
I say again, the Interstates are no more crowded now than before Covid, but gas prices were lower.
We've had a lot of posters trying to pull a fast one comparing 2020 to 2021.
Gas prices move for lots of reasons, certainly local demand has a major effect other factors obviously include global crude prices. In general current gas prices are not wildly out of line with history.
lol. I just saw this thread and started reading the first page. I got excited a moment thinking gas prices were going down. Dang it for being an old thread.
They will if for no other reason for the post Summer decline that almost always happens plus OPEC announced production increases 2 weeks ago so that will start being felt in a couple months.
At that time we will have this thread bumped by Biden supporters....until next year when prices start to climb and then we'll have the Repubs back posting lol.
We've had a lot of posters trying to pull a fast one comparing 2020 to 2021.
Gas prices move for lots of reasons, certainly local demand has a major effect other factors obviously include global crude prices. In general current gas prices are not wildly out of line with history.
The term "wildly" is of course subjective.
U.S. regular retail gasoline prices averaged $2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018. Gasoline prices rose steadily during the first quarter of the year, rising from $2.24 on January 7 to $2.90/gal on May 6, before gradually declining through the rest of the year. Because the cost of crude oil accounts for about 52% of retail gasoline’s final cost, the price of gasoline generally follows movements in crude oil prices, which followed a similar price path during 2019. https://www.eia.gov/todayinenergy/detail.php?id=42435
The government cut when you look at all of the taxes and fees implicit or explicit is going to be closer to 50%.
Hate to break it to you but there aren't many products out there with lower profit margins...except for car insurance lol...but you probably think that's a scam too lol.
It's a scam pam. FL and car Ins is a rip off my man.
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