Fuel prices around the world.

[Hay Dude]

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.

Responsible leadership could cut fuel prices in half by unleashing American gas fracking, Keystone pipeline, reducing the federal TAX on fuel, and many other steps. Fuel taxes hurt the lower and middle class who are struggling the most.
It’s a scientific fact that we are sitting on hundreds of years of natural gas and over 55 billion barrels of oil. Why not use it WHILE developing realistic long term sustainable sources like nuclear energy?
Instead, we are on a path to fuel prices so high that they will finally be the last straw to the sick fantasy of destroying a huge swath of the middle class in this country.

 

[5030]

...and as usual, the auto makers are caught with their drawers down. They decided to quit producing fuel efficient vehicles and went back to the land yachts again.

 

[mrmikey]

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

I also remember awhile back when the prices went up there were a lot of drilled tanks. Scumbags would drill the fuel tank and drain the fuel that way. Bad enough to lose a couple hundred bucks of fuel but factor in thousands to replace a fuel tank. Gonna end up the same way as cat convertor thefts.
It was mainly trucks and higher vehicles as they didn't have to be jacked up. The range of cordless tools now days makes theft of anything easy..........Mike

 

[5030]

Glad my 40 mpg shoebox is low to the ground. Never worried about a cat theft or a fuel theft. If you can get underneath you have a really SMALL head.

 

[mrmikey]

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

Yup, mine has a 120L tank at $1.70 that's $200.....ouch.
One of the reasons I bought my Ram, other than my retirement present to myself that is, was to haul a 1100L water tank on a trailer for my daughter. Her well goes dry most every summer and to get a tandem load of water last year was $170 and she didn't have the capacity for a full load of 11,000L. A partial load wasn't a lot cheaper as you were paying for trucking. I can imagine the price this year will be over $200.
I can fill up the tank at a local, (40km I guess is local...maybe LOL) filling station for $4.00< and she's not at the mercy of waiting for a delivery.......M

 

[5030]

I don't do liters but irregardless, it's all expensive today and gonna get worse.

 

[5030]

Did you ever notice all your replies are about YOU?

Have you ever taken note that your snarky comments get you time outs? If you cannot contribute something of worth, don't comment. All your snarky comments do is show your abject ignorance. Why you are the one poster on here I keep on ignore as your comments are basically worthless or politically leaning.

 

[jyoutz]

Responsible leadership could cut fuel prices in half by unleashing American gas fracking, Keystone pipeline, reducing the federal TAX on fuel, and many other steps. Fuel taxes hurt the lower and middle class who are struggling the most.
It’s a scientific fact that we are sitting on hundreds of years of natural gas and over 55 billion barrels of oil. Why not use it WHILE developing realistic long term sustainable sources like nuclear energy.
Instead, we are on a path to fuel prices so high that they will finally be the last straw to the sick fantasy of destroying a huge swath of the middle class in this country.

What kind of fantasy is there that we are not producing oil and gas in this country? There are currently 26 million acres of federal land oil and gas leases issued that can be drilled and producing at any time. Decades worth of cleared areas ready to go. Oil company drill rig counts fluctuate based on oil prices and the companies business operations. Currently, most oil production is in the Permian basin in my region, because oil companies can produce more profitably here. Our state has a $1.6 billion dollar budget surplus this year, due to the increased production during 2021. They have moved rigs from North Dakota here recently because that oil costs more to produce. Companies make business decisions. Oil companies lost big during Covid when demand plummeted. They are now operating to recoup those losses. The keystone pipeline is irrelevant: Canadian oil destined for export (our refineries can’t handle the low grade tar sand oil). Oil and gas companies make decisions to satisfy shareholders, not those of us at the pump.

 

[5030]

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

I need to change the way I farm. No more idling the tractors to keep the cabs cool when I'm not using them. Same with the cars. When waiting somewhere )like in traffic) i shut the motor off.

ORD here is a tad less, like $4.80 presently. The issue with that is, that cost gets passed on to you and me in the way of increased transportation cost and prices. It's all cyclical and the end user gets to pay for it.

 

[5030]

not those of us at the pump.

Exactly. End users always bear the pain.