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Gas and diesel prices are NUTS
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Shhhhssh… There are people dying in Ukraine. You’re not allowed to talk about gas prices or inflation. Now go add your yellow and blue filter on social media and really make a difference. #thoughtsandprayers
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Can we talk about donating guns and ammo to Russia to get gas prices right again faster?
I’m pretty sure the 3% mortality rate on the vax is only for those that had a reaction.
I doubt there is a good way to see how those same people would have responded to the actual covid.
I would also like to know how the insane cost of oil effects materials needed for Telsa.
Its more that higher gas prices push people more towards EV. Lower gas prices would then generate less interest and less sales.
Its likely not about material costs at all.
Dan
I agree with you on this. There are some things that have happened lately that make me question it all:
- Government suddenly takes interest in Electronic Vehicles, but ironically enough, overlooking the #1 EV producer in Tesla/Elon Musk.
- Chip shortage- all of sudden new vehicle production is halted due to shortage, seems like a great time to pivot to EV production/marketing?
- Gas prices surging, US government doing very little to help, so much as to actually look to purchase more gas/oil from other countries, while still purchasing the Russia and completely overlooking the obvious, ‘produce our own to keep costs down’ idea that seems to make the most sense right now.
Filling up with 93 hauling an 8k camper is going to fun this summer…
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From what I heard (I forget where) we only buy about 3% of our oil from Russia. Most of the companies that buy it already have stopped buying it, so the govt saying we arent going to buy it anymore is sorta moot at this point. Unless I misunderstood.
Does the oil we buy from Russia get turned into gasoline anyway? Given that there are different types of crude used for different products. I tried looking this up but gave up after about 1min.
Dan
i just want to saw that i have been to Paul’s Pizza in Airdrie years ago. It is excellent and i look forward to going back there.
Doesn’t matter if WE only buy 3% of our oil there or not. Oil is a world commodity. When you remove Russia’s large global supply supply from the equation it’s going to drive the price up massively. To keep the price stable you have to replace the missing supply from another source. And if you’re an oil producer why would you want to ramp up production of your finite product to produce 200 barrels at $40 a barrel when you could keep producing 100 barrels and sell them for $200 a barrel?
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or the canadian strategy… leave it in the ground indefinitely and virtue signal about the climate while your population suffers
So that isn’t entirely how it works…
US companies know how much it costs to get oil from different locations. If I remember correctly it costs about $75-85 a barrel around the US. When its at $200 a barrel, all local companies would normally be rushing out to drill as much as possible to make $125 a barrel. All the recent government restrictions however are making this very hard to do.
Not to drill, but open up old wells where they left 50% of the oil because it wasn’t worth the cost of extracting it at $70 per barrel.
Yeah but not when they make fracking illegal for no reason.
My mom’s latest FB thing is posting a picture of the gas price from the station near her house when she goes for her daily walk. I know, “ugh”. Today was hilarious though because her first post said “up .20 from yesterday”, followed by a post an hour later with a picture showing it went up another .10 WHILE SHE WAS WALKING. Fuuuuuck.
3/8/2022 12:20PM
3/8/2022 1:20PM
What was diesel yesterday?
A coworkers father bought 300 gallons of diesel the other week for his truck and farm equipment and I knew he would save some money, buy not more than $1/gallon.
At what price point will it be better to steel gas than catalytic converters?
i guess there really is no limit to the punishment and deceit we are collectively willing to accept so long as it happens slowly and is accompanied by a televised explanation.
any one else wondering how some people are even keeping the lights on at this point?
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