Fuel prices around the world.

[DK35vince]

Diesel here just went to $4.90
87 octane Gas $4.00

 

[duffer]

Get ready for even more "pain at the pump". The wholesale price of gas jumped 80¢ a gallon in the last 10 days. Normally it takes about 2 weeks for prices to make it to the pump from suppliers. Gas has jumped here 20¢ in the last 2 days, and I'm afraid that it's the calm before the real storm.

I expect a LOT more increases.

 

[IndyJay]

...I'm afraid that it's the calm before the real storm...

I think the storm is upon us.

 

[ptsg]

As for now, in my country, on some reputable gas pumps:

Standard Diesel: 7.46 $/US gallon
Premium Diesel: 7.75 $/US gallon
95 Gas: 7.96 $/US gallon
Premium 95 Gas: 8.25 $/US gallon
Premium 98 Gas: 8.60 $/US gallon

As of next Monday with the €0.15/L increase on Diesel and €0.08/L on Gas:

Standard Diesel: 8.08 $/US gallon
Premium Diesel: 8.37 $/US gallon
95 Gas: 8.29 $/US gallon
Premium 95 Gas: 8.58 $/US gallon
Premium 98 Gas: 8.93 $/US gallon

Not sure what the future will bring, but doesn't look good. With these crazy fuel prices that make everything else increase as well, I suspect some really hard times for my country. This not really a rich country, specially with an average monthly income of around $1,000, yet the prices being charged on just about every product keeps raising while the income remains stagnant. Not a good combo.

Just to give a better idea. Let's say some has a monthly income of $1,000. If that person is paying rent, which is usually around $400/month for the most basic apartment, plus let's say $200/month of fuel going back and forth for work, doesn't leave much left for food, supplies, water/electrical/gas bills or anything else really.

 

[mrmikey]

You're lucky.
Ours in NS just went up yet again last night, CAN$1.73 a liter, works out to US$5.24 a US gallon, diesel is CAN$1.90 a liter, US$5.68 a US gallon. I retired in April and bought my first new vehicle in decades before I did, a Ram 1500, I'm really regretting that choice now..............Mike

**EDIT**
The 'You're lucky" comment was not directed at you PTSG, I thought there was a post directly above mine that had slightly lower fuels costs, I must have been seeing things. When I see your prices I guess I'm the lucky one ..........M

 

[ultrarunner]

I remember years ago when fuel spiked it corresponded with late model SUV and pickup fires and/or thefts to vehicles with large balances owing and the thought was it related to not taking a repo hit on credit rating.

On a side note this is the longest I can remember without hearing anything from my friends in Europe... my instinct says the current situation is rocking Europe to the core as the unthinkable for many unfolds...

 

[Hay Dude]

Here in the US these crazy prices will unsettle people as I know it does me. I believe we are at the eve of a shift this country hasn't seen in decades.
In a strange way, I think it’s this “drink from the bitter cup”……or “dose of nasty medicine” that will kick start the change.
I’m not talking about war or revolution, but leadership change to quality, thoughtful leadership.
It may be painful for a while, but maybe, just maybe, we will get sensible and lasting change. What we have now is pure garbage of the lowest quality

 

[jyoutz]

Here in the US these crazy prices will unsettle people as I know it does me. I believe we are at the eve of a shift this country hasn't seen in decades.
In a strange way, I think it’s this “drink from the bitter cup”……or “dose of nasty medicine” that will kick start the change.
I’m not talking about war or revolution, but leadership change to quality, thoughtful leadership.
It may be painful for a while, but maybe, just maybe, we will get sensible and lasting change. What we have now is pure garbage of the lowest quality

And what kind of quality thoughtful leadership is going to change high world prices? The only way to change US prices would be to reinstate the ban on exports and base US oil prices on US demand. The oil lobby convinced congress to authorize exports and since then oil prices have risen based on worldwide market prices.

 

[5030]

What we have now is pure garbage of the lowest quality

Leadership and motor fuel both. Just filled my 500 gallon bulk tank and had to rob the slush fund to pay the bill. I put a padlock on the cap. It's become a very stealable item. I don't know about 'pure garbage' but I'd say 'smells like stale fish'.

 

[5030]

You're lucky.
Ours in NS just went up yet again last night, CAN$1.73 a liter, works out to US$5.24 a US gallon, diesel is CAN$1.90 a liter, US$5.68 a US gallon. I retired in April and bought my first new vehicle in decades before I did, a Ram 1500, I'm really regretting that choice now..............Mike

**EDIT**
The 'You're lucky" comment was not directed at you PTSG, I thought there was a post directly above mine that had slightly lower fuels costs, I must have been seeing things. When I see your prices I guess I'm the lucky one ..........M

My typical 10 buck fill up has grown to 20 recently but I'm still tickled that my 4 wheeled shoe box gets 40 mpg, especially when the big land yachts blow past me at 10 over the limit and I think to myself....'another guzzler sucking it down'. I suspect that the sales of guzzlers (pickups and large SUV's will drop. Buyers not only cannot afford the purchase prices but the cost of fueling them as well. My wife's Suburban takes a C note to fill now. Needless to say it's parked most of the time.

I like V8 powered land yachts as much as the next person, but they are fast becoming unaffordable with no end in sight.