Has anybody purchased any gas lately?????

gfm7175 said:
"This" hasn't even happened yet (if it ever will).
Click to expand...
There is a shortage of oil, which has caused oil and gasoline prices to shoot up. It would be worse but for the largest release of reserves in the history of the world. The reserves are running out. This already is the largest oil shock ever. It has already happened, but the only question is how bad it will get.

gfm7175 said:
Once the fear mongering ends, gas prices will plummet.
Click to expand...
Oil is consumed, so animal spirits do not matter as much. Prices can be moved a bit by running up or down reserves, but that only works for a while.
 
gfm7175 said:
??? Gas is currently $4.299/gallon at the station that I track (down 10 cents from my last update).
Gas still hasn't gotten as high as it did under the Autopen (here, it was slightly less than $5/gallon), nor has it been high for anywhere near as long as it was under the Autopen.

I wouldn't be surprised if, come the Midterms, high gas prices aren't even an issue anymore.
Click to expand...


That claim is false on both counts — peak gas prices under the current president exceeded the prior highs in nominal terms and have been high for a comparable duration; real (inflation‑adjusted) comparisons and state‑level/regional variation make the picture more complex.

gfm7175 is making a speculative prediction with no solid basis. Here are concise, evidence‑grounded points that rebut the claim that gas prices “won’t be an issue by Nov 2026”:

  1. Gas prices are volatile and driven largely by global factors, so future timing is unpredictable.
    • Prices respond quickly to global oil supply shocks (OPEC+ decisions, wars, sanctions), demand shifts, and major disruptions (refinery outages, hurricanes). Any such event between now and Nov 2026 could push prices up quickly.
  2. Historical precedent shows energy prices can swing rapidly and affect elections.
    • Major spikes (2008, 2022) arose from global events and persisted long enough to influence political sentiment; predicting no problem nearly two years ahead ignores that pattern.
  3. Inventory/production buffers aren’t a reliable guarantee of low prices.
    • Strategic petroleum reserves, U.S. production levels, or short‑term demand reductions can blunt but not eliminate price spikes; markets still react to global supply/demand balance.
  4. Inflation and refining/transport costs matter separately from crude price.
    • Even if crude oil moderates, refinery outages, higher diesel prices, or regional distribution problems can keep pump prices elevated.
  5. Political claims about future voter priorities are speculative.
    • Whether gas prices “won’t be an issue” depends on timing, media coverage, and competing economic concerns; gmm7175 can’t reliably declare them irrelevant.
 
gfm7175 said:
"This" hasn't even happened yet (if it ever will).

Once the fear mongering ends, gas prices will plummet.
Click to expand...
Fear mongering has little to do with it.

The current price of gasoline is 3.54/gal (source RBOB). The rest is taxes and local shortages (such as in the SDTC).
In Los Angeles, it is pretty common to see 6.16/gal. This is caused both by abusive taxes and by local shortages, as refiners flee back to the United States.

The current price of oil is 91.34/barrel, a bit down. A far cry from the typical Doom and Gloom 'exponential oil price crisis' that idiots that support Iran keep going on about.
 
I read it will take at least 6 months to open the strait. It is mined, and destruction has occurred. Of course Iran droned and missile-attacked oil neighbor's oil facilities. Trump should pay to fix that with his own money.
 
stephenPE said:
back up to 4.60 here. So much winning. Not quite 1.99 like the idiot promised
Click to expand...
The gas price has actually gone down to $4.19 here ($4.09 at Woodmans). That price includes the roughly 75 cents per gallon in taxes that I pay (between federal and WI state).

I predict that, before the Midterms in November, gas prices will be much lower than they are now and will no longer be a viable campaign issue.
 
Nordberg said:
I read it will take at least 6 months to open the strait.
Click to expand...
It is ALREADY open.
Nordberg said:
It is mined,
Click to expand...
and I'm sure that THIS is the REAL time that "climate crisis" is going to reach "tipping point" in 12 years...
Nordberg said:
and destruction has occurred.
Click to expand...
I'll bet that pollution has also occurred.
Nordberg said:
Of course Iran droned and missile-attacked oil neighbor's oil facilities.
Click to expand...
Scary stuff. Petrifying, even.
Nordberg said:
Trump should pay to fix that with his own money.
Click to expand...
Why? Trump didn't cause the damage. Iran did.
 
You must log in or register to reply here.
Back
Top