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#4659495 - 02/07/18 08:29 PM Gas prices going up?
motor_oil_madman Offline


Registered: 11/29/09
Posts: 4803
Loc: Houston, Texas
Increasing .10 every week here just about. Heard it was opec holding back the supply. Is it going to keep going up?
_________________________
2007.5 dodge cummins 6.7 liter. Chevron Delo400 15w40. 7000 mile or 250-300hr intervals.


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#4659501 - 02/07/18 08:32 PM Re: Gas prices going up? [Re: motor_oil_madman]
motor_oil_madman Offline


Registered: 11/29/09
Posts: 4803
Loc: Houston, Texas
I figured I'd go fill up all my gas cans and equipment tomorrow.
_________________________
2007.5 dodge cummins 6.7 liter. Chevron Delo400 15w40. 7000 mile or 250-300hr intervals.


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#4659531 - 02/07/18 08:59 PM Re: Gas prices going up? [Re: motor_oil_madman]
TmanP Offline


Registered: 10/30/15
Posts: 436
Loc: MN
I'm sure it will... but crude prices fell a ridiculously high amount today... strange.
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2006 Buick Lacrosse 3.8 V6 150,000 mi
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#4659601 - 02/07/18 10:29 PM Re: Gas prices going up? [Re: motor_oil_madman]
das_peikko Offline


Registered: 01/01/18
Posts: 458
Loc: San Antonio, TX
With their 12 cents per gallon tax increase starting in 2018, people in California are paying a state gasoline tax of 41.7 cents per gallon on top of the federal 18.3 cents per gallon. Math says that's 60 cents per gallon!

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#4659613 - 02/07/18 11:02 PM Re: Gas prices going up? [Re: motor_oil_madman]
2strokeNorthstar Offline


Registered: 07/19/17
Posts: 255
Loc: PR CA, USA
Yes, thank you CA voters for the $3.50 gal. fuel! Hopefully with our Gov. gone in November some of this nonsense will be fixed. Probably not.

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#4659679 - 02/08/18 05:38 AM Re: Gas prices going up? [Re: motor_oil_madman]
copcarguy Offline


Registered: 12/06/12
Posts: 327
Loc: PA
We just went to 2.999 here in northeast PA. It was 2.699 in Nov.

20 miles away in NJ it's 2.589.

Go another 10 miles into NY and it's 2.659

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#4659700 - 02/08/18 06:08 AM Re: Gas prices going up? [Re: motor_oil_madman]
bbhero Offline


Registered: 03/20/15
Posts: 4507
Loc: Virginia
Could be related to ELDs in 18 wheelers... Especially if the additives are having to be trucked across long distances. This would be possible in some markets and regional areas.
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#4659741 - 02/08/18 07:14 AM Re: Gas prices going up? [Re: motor_oil_madman]
BAJA_05 Offline


Registered: 02/04/18
Posts: 317
Loc: Pennsylvania
Was reading last year that come 2019 -- we will be producing more barrels daily then Saudi Arabia. Yet there gas over there to buy is 27 cents a gallon. We are just pawns!!


Edited by BAJA_05 (02/08/18 07:15 AM)
_________________________
2017 VW Jetta SE TSI 1.4L Turbo
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2005 Subaru Baja AWD 2.5L N/A 5spd.
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#4659769 - 02/08/18 08:04 AM Re: Gas prices going up? [Re: BAJA_05]
Snagglefoot Offline


Registered: 12/31/17
Posts: 1552
Loc: Alberta
Originally Posted By: BAJA_05
Was reading last year that come 2019 -- we will be producing more barrels daily then Saudi Arabia. Yet there gas over there to buy is 27 cents a gallon. We are just pawns!!


Where have you been Baja? The current price of gasoline in Saudi Arabia is $2.06 per gallon. The Saudi Government has been reducing subsidies since the oil price collapsed in 2015. Check globalpetrolprices.com.

The amazing growth in US oil production has come from the Permian Basin in West Texas. The Permian production has climbed by just over a million bbls/day in 5 years and yes America will now be producing more oil than Saudi Arabia, but this doesnít mean youíre going to get free gasoline.

SF



Edited by Snagglefoot (02/08/18 08:09 AM)

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#4659786 - 02/08/18 08:19 AM Re: Gas prices going up? [Re: Snagglefoot]
BAJA_05 Offline


Registered: 02/04/18
Posts: 317
Loc: Pennsylvania
Sorry, must have read or heard the gas price over in Saudi Arabia per gallon incorrectly.


Dale
_________________________
2017 VW Jetta SE TSI 1.4L Turbo
PP Euro 0W40 & FU
2008 Acura TL 3.2L QSHM 5W20 & FU
2005 Subaru Baja AWD 2.5L N/A 5spd.
Rotella T6 5W30 & ST

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#4659792 - 02/08/18 08:25 AM Re: Gas prices going up? [Re: TmanP]
Snagglefoot Offline


Registered: 12/31/17
Posts: 1552
Loc: Alberta
Originally Posted By: TmanP
I'm sure it will... but crude prices fell a ridiculously high amount today... strange.


The stock market had itís largest drop since 2011 just a few days ago. They are related. Anticipation of lower growth caused the traders to bet against oil prices.

SF


Edited by Snagglefoot (02/08/18 08:37 AM)

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#4659796 - 02/08/18 08:28 AM Re: Gas prices going up? [Re: motor_oil_madman]
Snagglefoot Offline


Registered: 12/31/17
Posts: 1552
Loc: Alberta
In spite of the high oil production America still imports a net volume of almost 5 million bbls/day. Most of it comes from Canada.

SF


Edited by Snagglefoot (02/08/18 08:33 AM)

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#4659804 - 02/08/18 08:34 AM Re: Gas prices going up? [Re: motor_oil_madman]
bullwinkle Offline


Registered: 10/09/04
Posts: 7584
Loc: Cincinnati, OH, USA
Diesel is the one that surprised me, some stations near me went past $3/gallon while gas was still around $2.29.
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#4659805 - 02/08/18 08:34 AM Re: Gas prices going up? [Re: BAJA_05]
Snagglefoot Offline


Registered: 12/31/17
Posts: 1552
Loc: Alberta
Originally Posted By: BAJA_05
Sorry, must have read or heard the gas price over in Saudi Arabia per gallon incorrectly.

Dale

No problem Dale. I was suprised Saudi pays that much too.

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#4659808 - 02/08/18 08:36 AM Re: Gas prices going up? [Re: motor_oil_madman]
Rand Offline


Registered: 08/20/03
Posts: 12605
Loc: NE,Ohio
2.28 here for regular 87 or 2.88-2.98 for 93

But where I live we jump around. up 40cents.. down 5 down 5 down 3 down 5 up 30cents.. etc.. its like gambling.

Gas here is always 25cents cheaper than PA easily unless its an on highway gas station those are high.
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2017 Jeep Cherokee Trailhawk V6

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