$5.00 per gallon gas

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  • BillyCarpenter
    Field Supervisor

    Site Contributor
    10,000+ Posts
    • Aug 2020
    • 16391

    #181
    Re: $5.00 per gallon gas

    Originally posted by bsm2
    Is anything the same price from 2008?

    The price of goods and services have skyrocketed under #EmpyShelvesJoe.
    Adversity temporarily visits a strong man but stays with the weak for a lifetime.

    Comment

    • bsm2
      IT Manager

      25,000+ Posts
      • Feb 2008
      • 30218

      #182
      Re: $5.00 per gallon gas

      Originally posted by BillyCarpenter
      The price of goods and services have skyrocketed under #EmpyShelvesJoe.
      Great News Mississippi Min wage is Now $7.25 per hour WOW Apparently there Never going to raise it.

      Comment

      • slimslob
        Retired

        Site Contributor
        25,000+ Posts
        • May 2013
        • 37490

        #183
        Re: $5.00 per gallon gas

        Originally posted by Drivee
        They change price over night when oil goes up to 130 per barrel but when price drop to 105 they change price for 0.06 USD! Only 0.06!
        THeir pricing is based on FIFO, first in first out, not LIFO. As such their price is not going to go down until all of that 130 per hogshead is sold.

        Comment

        • mloudy
          Senior Tech

          500+ Posts
          • Oct 2015
          • 784

          #184
          Re: $5.00 per gallon gas

          Originally posted by bsm2
          Is anything the same price from 2008?
          Copiers?

          Comment

          • Copier Addict
            Aging Tech

            Site Contributor
            10,000+ Posts
            • Jul 2013
            • 14726

            #185
            Re: $5.00 per gallon gas

            Originally posted by slimslob
            THeir pricing is based on FIFO, first in first out, not LIFO. As such their price is not going to go down until all of that 130 per hogshead is sold.

            A hogshead is between 55 and 66 US gallons while the capacity of an oil barrel is only 42 US gallons.

            Comment

            • tsbservice
              Field tech

              Site Contributor
              5,000+ Posts
              • May 2007
              • 8016

              #186
              Re: $5.00 per gallon gas

              Originally posted by slimslob
              THeir pricing is based on FIFO, first in first out, not LIFO. As such their price is not going to go down until all of that 130 per hogshead is sold.
              But they rised gas prices immediately although they sold far ago purchased (low priced) oil.
              A tree is known by its fruit, a man by his deeds. A good deed is never lost, he who sows courtesy, reaps friendship, and he who plants kindness gathers love.
              Blessed are they who can laugh at themselves, for they shall never cease to be amused.

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              • SalesServiceGuy
                Field Supervisor

                Site Contributor
                5,000+ Posts
                • Dec 2009
                • 8197

                #187
                Re: $5.00 per gallon gas

                Originally posted by tsbservice
                But they rised gas prices immediately although they sold far ago purchased (low priced) oil.
                ... with oil prices rising above $110.00 barrel today these same oil companies have to now book in a higher cost. Oil prices will always be a moving target and the trend is towards a higher cost with so much global uncertainty caused by the war in Ukraine.

                You cannot just say drill more oil in the USA because there is not the refinery capacity, manpower nor desire by the oil companies to open more oil drilling platforms.

                Comment

                • slimslob
                  Retired

                  Site Contributor
                  25,000+ Posts
                  • May 2013
                  • 37490

                  #188
                  Re: $5.00 per gallon gas

                  https://www.breitbart.com/clips/2022...-profiteering/

                  Comment

                  • Phil B.
                    Field Supervisor

                    10,000+ Posts
                    • Jul 2016
                    • 22798

                    #189
                    Re: $5.00 per gallon gas

                    Sen. Barrasso Calls Biden 'The President of High Gas Prices'

                    Sent from my SM-G960U using Tapatalk

                    Comment

                    • SalesServiceGuy
                      Field Supervisor

                      Site Contributor
                      5,000+ Posts
                      • Dec 2009
                      • 8197

                      #190
                      Re: $5.00 per gallon gas

                      54% of Canadians cutting back on driving amid high gas prices: Survey


                      The majority of Canadians say they are driving less now as a result of high gas prices, according to the latest Leger survey for BNN Bloomberg and RATESDOTCA. And, for the most part, they’re not telling insurance companies — which could be costing them money.

                      Prices at the pumps have been rising across the country for months now, with the latest increase resulting from Russia’s attack on Ukraine. A number of countries around the world, including Canada, have banned Russian crude, which has driven oil prices higher.

                      When surveyed, 54 per cent of Canadians said they were driving less because of the high prices. Another 15 per cent said they were planning to adjust how much they drive in the near future.

                      Atlantic Canadians were changing their driving habits the most, with 70 per cent of respondents there saying they are driving less, while 55 per cent in Ontario said they were driving less. In Alberta, 46 per cent of drivers said they were driving less, the lowest percentage in the country.

                      The online survey of 1,515 Canadians was conducted by Leger from March 11-13.

                      High gas prices are also spurring a shift in consumer habits, with more drivers now saying they will look at buying an electric car or hybrid. One in five of those surveyed said they would consider buying a hybrid as their next vehicle, while 18 per cent said they would consider an electric car. Only 27 per cent said that high gas prices would not have any impact on their next purchase.

                      While consumer driving habits change, drivers have not done a good job of keeping their insurer informed. Only 17 per cent of respondents said they had notified their insurance company that they are now driving less. Another 39 per cent said they had not notified their insurer, while 41 per cent said they didn’t even know that changes in driving distance could impact their insurance premium.

                      This is a missed opportunity to save money.

                      Driving less can lower your premium, especially if the type of driving you are doing has changed. For instance, if you are no longer driving to work, and only using your car to pick up groceries or see friends, insurance companies are likely to lower your rate, as your vehicle use will fall into the category of “leisure” rather than commuting for work.

                      It’s important in general to keep your insurance company informed of any changes to your driving. Insurers can potentially cancel your policy if they find out you omitted information.
                      So while you can’t control the cost of gas prices, you can control some of your insurance premium. That means if you’re driving less, call your insurance company. It could be the one upside to expensive gas prices.

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                      • mojorolla
                        The Wolf

                        2,500+ Posts
                        • Jan 2010
                        • 2609

                        #191
                        Re: $5.00 per gallon gas

                        The average American family spends less than 2% of their annual income on gas so I don't understand why all the drama for gas prices while food, housing and medical continue to go up.
                        Meanwhile, Congress is fuckin around with daylight savings time and hairstyle legislation.......we are pissing and moaning about the wrong issues


                        Failing to plan is planning to fail!!!

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                        • BillyCarpenter
                          Field Supervisor

                          Site Contributor
                          10,000+ Posts
                          • Aug 2020
                          • 16391

                          #192
                          Re: $5.00 per gallon gas

                          Originally posted by mojorolla
                          The average American family spends less than 2% of their annual income on gas so I don't understand why all the drama for gas prices while food, housing and medical continue to go up.
                          Meanwhile, Congress is fuckin around with daylight savings time and hairstyle legislation.......we are pissing and moaning about the wrong issues



                          I filled up this morning. $70.00. High gas prices are hurting folks. Moreover, the price of oil indirectly drives up the cost for practically everything...in one way or another.
                          Adversity temporarily visits a strong man but stays with the weak for a lifetime.

                          Comment

                          • mojorolla
                            The Wolf

                            2,500+ Posts
                            • Jan 2010
                            • 2609

                            #193
                            Re: $5.00 per gallon gas

                            Inflation is hurting more than gas prices is my point.
                            If food is 7% higher due to inflation, and you eat a few times a day, with a family multiply that number, this is a greater burden then filling up the tank once or twice a week. At $70 I would guess you not driving a smaller vehicle and by purchasing a larger vehicle, you have chosen to pay more for gas from day 1. Now that day 1 choice is biting you in the ass; choices have consequences Billy.
                            All the drama about gas is plain silly and blaming Brandon for every bump in the road is no different than those who blamed Trump for the same bumps.


                            Failing to plan is planning to fail!!!

                            Comment

                            • BillyCarpenter
                              Field Supervisor

                              Site Contributor
                              10,000+ Posts
                              • Aug 2020
                              • 16391

                              #194
                              Re: $5.00 per gallon gas

                              Originally posted by mojorolla
                              Inflation is hurting more than gas prices is my point.
                              If food is 7% higher due to inflation, and you eat a few times a day, with a family multiply that number, this is a greater burden then filling up the tank once or twice a week. At $70 I would guess you not driving a smaller vehicle and by purchasing a larger vehicle, you have chosen to pay more for gas from day 1. Now that day 1 choice is biting you in the ass; choices have consequences Billy.
                              All the drama about gas is plain silly and blaming Brandon for every bump in the road is no different than those who blamed Trump for the same bumps.



                              I drive a Cadillac CT6. The price of gas isn't affecting me. Now that we've cleared that up....


                              The price of gas rising also leads to higher prices pretty much everywhere else. When everyone pays more for gas it costs more to get goods to stores.
                              Adversity temporarily visits a strong man but stays with the weak for a lifetime.

                              Comment

                              • Copier Addict
                                Aging Tech

                                Site Contributor
                                10,000+ Posts
                                • Jul 2013
                                • 14726

                                #195
                                Re: $5.00 per gallon gas

                                Originally posted by BillyCarpenter


                                The price of gas rising also leads to higher prices pretty much everywhere else. When everyone pays more for gas it costs more to get goods to stores.

                                Yup, this is a fact. You certainly have a good grasp on the obvious.

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