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Last post 2 weeks ago by Gene363. 624 replies replies.
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Gas Prices...
Stogie1020 Offline
#601 Posted:
Joined: 12-19-2019
Posts: 3,694
Ram27 wrote:
Well done Gene Applause

+1
rfenst Offline
#602 Posted:
Joined: 06-23-2007
Posts: 37,160
Ram27 wrote:
Well done Gene Applause

x 10!
corey sellers Offline
#603 Posted:
Joined: 08-21-2011
Posts: 9,307
Just asking anyone use upside. You get cash back for gas. If you go to the gas station and check in. I got over $100 in my account right now. Let me know and I will send a link so I get money back on your purchases. Then you keep passing it along to get cash back. I got 8 cent a gallon on diesel today. 30 gallons latter it adds up.
corey sellers Offline
#604 Posted:
Joined: 08-21-2011
Posts: 9,307
Free money for just checking in and it's easy.
rfenst Offline
#605 Posted:
Joined: 06-23-2007
Posts: 37,160
The mystery lurking in California’s $8 gas prices

The Golden State has a ‘mystery gas surcharge.’ Some say it’s price gouging.

WAPO
Eight dollars for a gallon of gas. Once, it seemed like an impossibility; now, it seems to happen in California every time there is a price spike. Last week, a Chevron station in Los Angeles recorded prices of $8.35 and above; similar prices were reported at multiple stations around Southern California.

But some analysts say the most recent spike in California prices — the average price per gallon across the state as of Tuesday was $6.29 — is only part of a much longer, and potentially more destructive, trend. For the past seven years, California consumers have suffered through what one economist calls a “mystery gasoline surcharge.” That is, California gas prices are significantly higher than in the rest of the nation — and the price premium can’t be explained by state taxes and environmental regulations alone.

Severin Borenstein, a professor of business and public policy at the University of California at Berkeley, first noticed the separation between the state’s gas prices and the rest of the nation in 2015. An ExxonMobil oil refinery operating in Torrance, Calif., had just exploded, and the interruption to gasoline refining explained the temporarily higher prices. But over the following months and years, Borenstein says, the difference never disappeared as he expected.

“It went up, and it never came down again,” he said.

California does have additional taxes and fees from environmental regulations that other states don’t have. The state’s low carbon fuels standard, for example, adds $0.08 to every gallon of gas. California gas taxes add another $0.17. But Borenstein’s data shows that, all told, California-specific taxes and regulations only account for around $0.83. In September, however, the average Californian was paying $1.57 more for gas than the average American, leaving a large “unexplained” surcharge. That’s a big gap — and in October, it could get even bigger.

So what’s behind the extra prices that Californians are paying? There are a few theories.

First, California uses its own special gas blend that lessens air pollution.(Other heavily populated metro areas around the country also have special blends, but California’s is more restrictive.) California is also what some call a "petroleum island” — there are no pipelines bringing refined oil into the state. That means that for the most part, gas stations across the state have to get their gasoline from one of the five major refiners that provide 96 percent of California’s gasoline: Chevron, Marathon, PBF Energy, Phillips 66 and Valero.

Oil companies say this means that if there are any disruptions to the refining process or to the incoming supply of crude oil, prices can easily spike.

Borenstein says oil refiners’ power in the market could allow them to set higher prices. He points out that while the spot price of gasoline in California — the price at which refiners sell their oil on the open market — is only 10 to 15 cents higher than the national average, refiners can sell their oil to branded gasoline stations — which make up the large majority of stations in California — for higher prices. The California surcharge, he said, “is very likely related to the fact that there are a small number of very powerful branded refiners that can take advantage of their market share.”

Jamie Court, the president of the nonprofit Consumer Watchdog, goes further. “I don’t call it a ‘mystery surcharge’ — I know what’s happened to the market," he said. “We’ve allowed consolidation.” Because branded stations are locked into contracts with the refiners, Court says, refiners can set high minimum prices that stations have to follow. He cites a report from his organization, drawn from SEC filings data, that argues that refiners have been making record profits over the past year or so.

But there could be other factors as well. Borenstein says the state should order an investigation into the surcharge to find out whether the contracts between refiners and retailers are actually the culprit; alternatively, he says, refiners could share their data if they want to prove environmental regulations are costing them more than estimated. “I posted my spreadsheet online and said, ‘Okay, show me yours,’ ” Borenstein said.

Kevin Slagle, the vice president of strategic communications for the Western States Petroleum Association, says the higher prices are caused by California’s specific fuel blend and regulatory requirements. Any disruptions to supply, he says, have knock-on effects for prices since refining capacity is so tight. “Let’s not forget that state policy in California is focused on eliminating refining and production in the state,” he said via email.

Even California Governor Gavin Newsom (D) has recently stepped into the debate, saying on Friday that he would call for a special session of the legislature in December to pass a “windfall tax” on refiner profits. “This degree of divergence from national prices has never happened before,” the governor said in a speech. “Their record profits are coming at your expense.”

Whatever the cause, Borenstein says some form of investigation would be worthwhile. Since 2015, he estimates, the mystery surcharge has cost California consumers around $20 billion.
Sunoverbeach Offline
#606 Posted:
Joined: 08-11-2017
Posts: 13,153
Down to $4.20. Smoke up, Johnny!
HockeyDad Offline
#607 Posted:
Joined: 09-20-2000
Posts: 44,212
The hunt for California’s gas surcharge is nothing new. It is a deflection from taxes, regulation, cap and trade, and other government influence.

California refineries are permanently closing and switching to heavily incentivized biofuels. We are deliberately eliminating gasoline and making it more expensive. Gasoline will be for the wealthy here. The poor can ride buses or get electric cars and we have the highest electricity rates in the county so better grab that bus schedule.

The government solution to California gas prices is to hold a special session to raise gas taxes.
MACS Offline
#608 Posted:
Joined: 02-26-2004
Posts: 76,443
Paid $3.09 at Costco today.
ZRX1200 Offline
#609 Posted:
Joined: 07-08-2007
Posts: 57,980
Our Oregon Senator that lives in NY is running two ads, the D pro abortion ad and he’s running an anti-price gouging ad that blames producers. Doesn’t mention the lefts mandated blends or the inflation added part of production and logistics……Classic gaslighting again.
DrMaddVibe Offline
#610 Posted:
Joined: 10-21-2000
Posts: 52,877
corey sellers wrote:
Just asking anyone use upside. You get cash back for gas. If you go to the gas station and check in. I got over $100 in my account right now. Let me know and I will send a link so I get money back on your purchases. Then you keep passing it along to get cash back. I got 8 cent a gallon on diesel today. 30 gallons latter it adds up.


Been using it for well over a year.

Made 400 bucks so far this year.

I cash out at 60 dollar intervals for Amazon gift codes. Last year I saved them and shopped for all 7 grandchildren for Christmas.

You can use it stores and restaurants as well. The best I ever got back per gallon was .30 cents a gallon.
Gene363 Offline
#611 Posted:
Joined: 01-24-2003
Posts: 28,751
HockeyDad wrote:
The hunt for California’s gas surcharge is nothing new. It is a deflection from taxes, regulation, cap and trade, and other government influence.

California refineries are permanently closing and switching to heavily incentivized biofuels. We are deliberately eliminating gasoline and making it more expensive. Gasoline will be for the wealthy here. The poor can ride buses or get electric cars and we have the highest electricity rates in the county so better grab that bus schedule.

The government solution to California gas prices is to hold a special session to raise gas taxes.


In the same hearing:

With the end of fossil-fueled vehicles in California, we need to plan the closure and remediation of all California refineries, the layoff of their employees, as well as the closure of gas stations and layoff of their employees.

Oh, and where is California going to get tar for asphualt roads when they shut down refineries?
ZRX1200 Offline
#612 Posted:
Joined: 07-08-2007
Posts: 57,980
From windmills.
BuckyB93 Offline
#613 Posted:
Joined: 07-16-2004
Posts: 12,802
Fossil fuels provide more than just gas.

The plastic bottles that holds your $1.50/bottle of water, the threads in the clothes you wear, the packaging of your food stuff, the lubrication for the machinery that makes everything you use every day, the insulation on the electrical wiring in your house, the carpet that you walk on, the keyboard that you type on, the case of the phone that you call from, the remote control for your TV clicker, the bags that hold your trash, the masks you wear if you are scared to catch the Rona and stuff

You cant throw a dead cat without hitting something that comes from petroleum.. the list is pretty much endless...

But some still say fossil fuels are the enemy. If you want to abandon fossil fuels, then go live up in some desolate place and escape. Build a cabin away from nowhere. Let's see how long you last.

P.S. car that your drove to your cabin in the middle of nowhere... yep made from dead animals. If you give up the car and decide to walk.. the shoes and backpack you wear... made up from dead animals.
DrMaddVibe Offline
#614 Posted:
Joined: 10-21-2000
Posts: 52,877
BuckyB93 wrote:
Fossil fuels provide more than just gas.

The plastic bottles that holds your $1.50/bottle of water, the threads in the clothes you wear, the packaging of your food stuff, the lubrication for the machinery that makes everything you use every day, the insulation on the electrical wiring in your house, the carpet that you walk on, the keyboard that you type on, the case of the phone that you call from, the remote control for your TV clicker, the bags that hold your trash, the masks you wear if you are scared to catch the Rona and stuff

You cant throw a dead cat without hitting something that comes from petroleum.. the list is pretty much endless...

But some still say fossil fuels are the enemy. If you want to abandon fossil fuels, then go live up in some desolate place and escape. Build a cabin away from nowhere. Let's see how long you last.

P.S. car that your drove to your cabin in the middle of nowhere... yep made from dead animals. If you give up the car and decide to walk.. the shoes and backpack you wear... made up from dead animals.



I guess the DNC doesn't need plastics or any other composite material derived from it.
DrMaddVibe Offline
#615 Posted:
Joined: 10-21-2000
Posts: 52,877
The "pain" comes win or lose after the election. There will be pain.

Biden Admin To Announce Another 15 Million Barrel SPR Release Before Midterms



Oil markets are drifting sideways this morning after the Biden administration plans to release 10-15 million barrels of crude from the Strategic Petroleum Reserve in a bid to suppress gasoline and diesel prices at the pump ahead of the next month's congressional elections, Bloomberg said citing people familiar with the matter.

President Biden's upcoming announcement of up to 15 million barrels, one of the largest ever, comes as 180 million barrels have been drained from the nation's emergency stockpile since May.

For context, the Biden administration has cut the SPR to a record low 22 days worth of supply... That is not what you want to see when liberal war hawks are gunning for nuclear war.

On Sunday, White House economic adviser Jared Bernstein said Biden was still mulling over the final SPR release figures. He told Fox News the reserve is 50% full.

"The fact is there is capacity to use the SPR to deal with some of the energy shocks we're seeing in the world. But I'm not saying we will. That's up to the president to decide, he hasn't made that decision yet," Bernstein said.

Last Tuesday, David Turk, the Energy Department's deputy secretary, said, "We still have some additional ability to use the SPR over the coming weeks and months as needed."

Turk said the administration was willing to move forward with an export ban on refined products in response to OPEC+'s decision to cut production.

But while the Biden admin was reluctant to pursue an export ban, a move that would send oil prices higher over the long run, it had fewer qualms about potentially extending its SPR drain.

Sources told Bloomberg White House officials have been discussing with oil companies, including ConocoPhillips and Exxon Mobil Corp., about what to expect in future SPR releases while encouraging crude production and boosting the capacity of refined fuels.

The US' only problem is that refining capacity has been reduced over the years, and also, there's seasonal maintenance underway. We outlined in the summer: US Refining Bottleneck The Culprit For Your Gas Pump Pains.

"The administration has a small window ahead of midterms to try to lower fuel prices, or at least demonstrate that they are trying," one of Reuters' sources familiar with the White House deliberations.

"The White House did not like $4 a gallon gas, and it has signaled that it will take action to prevent that again," they said.

DOE is expected to release details on repurchasing the crude. Since crude production and refining capacity is limited in the US, prices could trend higher once the SPR releases are wound down. We suspect if there's a red wave during the midterms and fuel prices move higher into next year, and the Biden administration finally admits there's a recession, Democrats will try to pin the economic chaos on Republicans.

https://www.zerohedge.com/commodities/biden-admin-could-announce-whopping-15-million-barrel-spr-release-midterms



When you're Biden, just remembering what ice cream you ate so you can tell the press is flighty. So, when we're talking about something that was set up for a worst case disaster scenario for enabling commerce in times of trouble...well just toss up a collection of words written on a piece of paper into a fan and read what comes out of that. Its not going to be a David Bowie song. This guy...or his enablers want the high cost of petroleum to be stunted or frozen in time so it's not a political weapon to be used against them. Oh, they'll actually say they want the end of Big Oil. They'll sign EO's detailing the demise of it by shutting down pipelines. Then want you to conveniently forget that gas was under 2 buck a gallon before President Alzheimer took office and radically changed everything with his Green New Deal anti-American and anti-commerce plan. The entire world is on fire almost exclusively blamed on this issue and what does the the United States do? Follow Germany, France and the rest of the EU into the abyss. Why, there's never been a war started over such things in Europe before.Sarcasm
deadeyedick Offline
#616 Posted:
Joined: 03-13-2003
Posts: 15,013
DrMaddVibe wrote:
I guess the DNC doesn't need plastics or any other composite material derived from it.


Ya just gotta think big, man. What's the one thing we all make every day? Chit! And what do we do with it? We throw it away. We just need to repurpose out chit into all those things we need.

Chit is the answer!
DrMaddVibe Offline
#617 Posted:
Joined: 10-21-2000
Posts: 52,877
deadeyedick wrote:
Ya just gotta think big, man. What's the one thing we all make every day? Chit! And what do we do with it? We throw it away. We just need to repurpose out chit into all those things we need.

Chit is the answer!



Did you say that with your George Carlin voice? I think I heard that.
DrMaddVibe Offline
#618 Posted:
Joined: 10-21-2000
Posts: 52,877
"By the end of the year, Biden will have purged 275 million barrels of oil from the reserve, which has an authorized capacity of 714 million. According to the Department of Energy, the reserve now holds less than 400 million barrels of petroleum, marking its lowest level since 1984. The emergency petroleum reserve, established in the 1970s to prepare the U.S. for a sudden and severe disruption in supply such as a hurricane hampering gulf coast refineries, has been transformed into the president’s personal oil bank to cash in on for political capital.

As to how effective the president’s releases have been at suppressing gas prices, consumers faced record pain at the pump this summer when the nationwide average gallon of regular unleaded gasoline eclipsed $5. In other words, gas prices continued to reach new peaks despite millions of barrels of oil flowing onto the market.

“All it’s really doing is distorting the market and covering up the president seeking to limit and curtail the domestic production of oil in the United States,” Tom Pyle, president of the American Energy Alliance, told The Federalist. “He is responding to the fact that he looks weak because he failed numerous times to work cooperatively with OPEC, Saudi Arabia in particular.”

At the beginning of the month, the Organization of the Petroleum Exporting Countries (OPEC) announced deep production cuts of 2 million barrels per day beginning in November.

Pyle prescribed a legislative fix to the issue as the administration empties the petroleum reserve to save face as the midterms draw near.

“Congress needs to step in and put binders on the administration and make it very specific about what types of uses the releases are for,” Pyle said.

House Republicans have repeatedly sought to intervene. In June, Democrats blocked for the seventh time Republicans’ “American Energy Independence from Russia Act,” which would have placed restrictions on White House use of the emergency petroleum reserve. The legislation would require the president to submit an energy security plan within a month of tapping the emergency stockpile and require the energy secretary to develop plans for replenishment.

“While House Democrats have repeatedly blocked Republicans’ attempts to address our nation’s Strategic Petroleum Reserve, Biden has continued to deplete it,” a senior GOP aide on Capitol Hill told The Federalist. “If Republicans win the majority, addressing the SPR will be a part of our comprehensive focus on increasing American energy production and security.”

Congressional Republicans tried to restock the oil reserve in the early months of 2020 when the industry was on the brink of collapse from Covid-19 lockdowns. At the time, oil prices had plummeted, and it could be purchased in bulk at a bargain. Democrats, however, obstructed the effort, and now the Biden administration is forced to deal with replenishing millions more barrels at a far higher price. When the Trump administration looked to refill the reserve, oil was trading at less than $24 per barrel. Today, Biden is facing prices between $67 and $72 per barrel, about three times as much as oil cost just two years ago.


https://thefederalist.com/2022/10/26/joe-biden-will-keep-exploiting-our-strategic-petroleum-reserve-until-congress-stops-him/


This administration hasn't even thought about purchasing what they're blowing through!

THIS is why you don't vote for the DNC.

Covid mandates and lockdowns anyone?

Higher grocery prices anyone?

401K's in the toilet anyone?

but hey...gas at the pump is affordable!
DrafterX Offline
#619 Posted:
Joined: 10-18-2005
Posts: 96,576
On Oct. 27, 2022, U.S. President Joe Biden falsely claimed that U.S. gas prices were “over $5” per gallon when he took office in January 2021. While speaking in Syracuse, New York, Biden said, “Today, the most common price of gas in America is $3.39, down from over $5 when I took office.”


Think
Abrignac Online
#620 Posted:
Joined: 02-24-2012
Posts: 16,291
Biden has given the press 100x more BS than they have capacity to report. The press has given him free reign. Why in the world would any sane person have any faith that the so-called mainstream news is anything but an extension of the DNC. Every nation needs a robust press to shine the light on tyranny. Unfortunately we don’t have such.
MACS Offline
#621 Posted:
Joined: 02-26-2004
Posts: 76,443
Never had twitter, and now that Elon Musk owns it... I still don't wanna have it.

But let's hope his ownership and commitment to free speech tips the scales back to the middle... or at least towards the middle.

And Ol' Dementia Boy is already talking about weaponizing the FBI again... against Musk, this time. Not a peep from the lamestream media.
Gene363 Offline
#622 Posted:
Joined: 01-24-2003
Posts: 28,751
Filled up the diesel tank at Sam's Club, $4.79 a gallon.
MACS Offline
#623 Posted:
Joined: 02-26-2004
Posts: 76,443
Gene363 wrote:
Filled up the diesel tank at Sam's Club, $4.79 a gallon.


This administration... makes no sense. Wanna know why inflation is fuggin' stupid? There's one reason right there. Diesel prices. How do these idiots think we get goods from overseas? Diesel ships. Place to place in the country? Diesel trains and diesel trucks.

And diesel is less refined and easier to make than gasoline... so there's no good reason it's more expensive except for this administrations "green" initiatives.
Gene363 Offline
#624 Posted:
Joined: 01-24-2003
Posts: 28,751
MACS wrote:
This administration... makes no sense. Wanna know why inflation is fuggin' stupid? There's one reason right there. Diesel prices. How do these idiots think we get goods from overseas? Diesel ships. Place to place in the country? Diesel trains and diesel trucks.

And diesel is less refined and easier to make than gasoline... so there's no good reason it's more expensive except for this administrations "green" initiatives.


And at the truck stop near the rifle range, they get $5.15/gallon because they have pumps accessible to trucks.
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