Will gasoline hit $6.00 or more a gallon?

[surefooted]

My fill-up this morning, Hollywood (as can be seen by blurry Hollywood sign in background). This is for Premium, which is 91.

Vadim, your phone sucks. lol

[choochoo]

damnit, my low fuel light just went on
FWIW, it's supposed to go back down in the next few days. Gov Jerry ordered the "winter blend" to be sold.

[Seabird]

Since Americans want everything the EU has like universal health care...wait wrong topic.

Choose any EU country and their gas will be higher. The only western countries with low gas prices are the US and Canada.

I think that the US and and Canada are among the highest in either of the Americas. A lot south and central American countries (Mexico, Argentina, Brazil, Venezuela) heavily subsidize the cost of gas and diesel. The average price in MX is $3.01 from what I just looked up.

So let me rephrase the question. What makes the EU a benchmark for "real costs" across the globe? Their prices aren't really a reflection of any accurate market trends.

[1985Jetta]

I don't think it will hit $6.00 here. It was only 3.44 here today.

[VadGTI]

Vadim, your phone sucks. lol

That was super-zoomed-in, since I was too lazy to walk to the sign .

Note the super-amazing quality of the camera and its ability to capture scribbled and scratched graffiti in pic 2.

This was the actual distance to the sign :

[surefooted]

I think that the US and and Canada are among the highest in either of the Americas. A lot south and central American countries (Mexico, Argentina, Brazil, Venezuela) heavily subsidize the cost of gas and diesel. The average price in MX is $3.01 from what I just looked up.

So let me rephrase the question. What makes the EU a benchmark for "real costs" across the globe? Their prices aren't really a reflection of any accurate market trends.

Did you realize that there is something that makes those countries (Mexico, Argentina, Brazil, Venezuela) unique? There is a reason they can subsidize the price of gas and oil. As you said, "Their prices aren't really a reflection of any accurate market trends."

[surefooted]

That was super-zoomed-in, since I was too lazy to walk to the sign .

Note the super-amazing quality of the camera and its ability to capture scribbled and scratched graffiti in pic 2.

This was the actual distance to the sign :

lol did you leave your mark?

[Seabird]

Did you realize that there is something that makes those countries (Mexico, Argentina, Brazil, Venezuela) unique? There is a reason they can subsidize the price of gas and oil. As you said, "Their prices aren't really a reflection of any accurate market trends."

Yes. Because they produce a lot. So does the US now. Did you know that we're actually on track to become a net producer very soon?

EU pricing is the flip side of the same coin. The taxation applied to the cost of gas at the pump is the reason for what they pay. You acknowledged that.

But you didn't answer my question. What makes their prices a benchmark for "real costs"? Those were your words. You said that Americans don't know what things "really cost" based on what you saw in Finland.

[surefooted]

Yes. Because they produce a lot. So does the US now. Did you know that we're actually on track to become a net producer very soon?

EU pricing is the flip side of the same coin. The taxation applied to the cost of gas at the pump is the reason for what they pay. You acknowledged that.

But you didn't answer my question. What makes their prices a benchmark for "real costs"? Those were your words. You said that Americans don't know what things "really cost" based on what you saw in Finland.

It's a net sum. Americans see things in a vacuum. You will never be able to separate gas wholly to compare it to another place. You have to take into account other variables as well. Yes, our gas is cheaper in the US, but we pay of health care and education. In Europe they pay more, but have more benefits. It's not a grass is greener situation. I should probably have said more in my first post.

[Brett92]

oh I know full weel about the EU's taxes on gas. Just making saying that gas is still cheap.

Okay, so why even say it? Finland could have cheap gas if it wanted it, could they not?

Your statement was made in a tone and context as if Americans shouldn't be upset about gas prices because gas is cheap. It's cheap, but we have to pay out the a$$ for other things. I already told you much I pay for insurance...you want to know how much my boss pays for insurance: $1400 a month, for him, his wife and 3 girls. All are healthy and have no health issues. Ironically, his wife works at a hospital and gets a supposed break on insurance.

I know outsiders think that America is a country where everyone is born with a silver spoon in their mouth, but let me say that most people do not live that way. Many people have it rough right now. I would even argue that a lot of Americans have it harder than many Europeans, because of the lack of social safety nets.

[Seabird]

It's a net sum. Americans see things in a vacuum. You will never be able to separate gas wholly to compare it to another place. You have to take into account other variables as well. Yes, our gas is cheaper in the US, but we pay of health care and education. In Europe they pay more, but have more benefits. It's not a grass is greener situation. I should probably have said more in my first post.

Fair enough.

[choochoo]

That was super-zoomed-in, since I was too lazy to walk to the sign .

Note the super-amazing quality of the camera and its ability to capture scribbled and scratched graffiti in pic 2.

This was the actual distance to the sign :

I beat you.

what do I win?

[2000JettaGLXVR6]

The $5+ gas station photos in California they're been blanketing across the news are the exception (rich areas like San Francisco and West LA). Regular is $4.55 where I'm at in Ventura and the San Fernando Valley. Big deal, an extra $8 to drive 350 miles. That's 0.023/mile

[choochoo]

The $5+ gas station photos in California they're been blanketing across the news are the exception (rich areas like San Francisco and West LA). Regular is $4.55 where I'm at in Ventura and the San Fernando Valley. Big deal, an extra $8 to drive 350 miles. That's 0.023/mile

you don't use 91?

[VadGTI]

The $5+ gas station photos in California they're been blanketing across the news are the exception (rich areas like San Francisco and West LA). Regular is $4.55 where I'm at in Ventura and the San Fernando Valley. Big deal, an extra $8 to drive 350 miles. That's 0.023/mile

Look up. We're close elsewhere, aside from Ventura, I guess .

9 days ago, I filled up for $4.119. This morning, $4.899. At 17.6 gallons, that's $13.77. Not an insignificant amount, especially 4 times a month.

[phil123]

The $5+ gas station photos in California they're been blanketing across the news are the exception (rich areas like San Francisco and West LA). Regular is $4.55 where I'm at in Ventura and the San Fernando Valley. Big deal, an extra $8 to drive 350 miles. That's 0.023/mile

That gas station on PCH in Malibu is probably over $5, everytime i'm up there i'm amazed how high that gas station is compared to LA, OC, etc...

[AHFlynn]

wait till india and china get rolling. over one billion people each, rapidly industrializing, everybody wanting an american lifestyle.

i dont think it will be long before all cars are electric

[phil123]

08/10 $4.19
08/18 $4.29
08/24 $4.35
10/10 $4.35


I like where this is headed

*Diesel Prices

[AHFlynn]

also, just fyi, it doesnt matter where gas is drilled, refined or whatever. theres no law saying that oil drilled somewhere has to stay in the country so there isnt a surplus that drives the cost down when a country produces more oil.

creating a law that would do that would certainly help make us energy independent but also wouldnt help bring prices down. you think oil companies are dumb enough to accidentally bring too much oil to market? narrrrpp. and even if they did they could just store it or move it somewhere else.

if i recall correctly, Kirsten Gillibrand (D-NY) somewhat recently sponsored a bill to keep oil drilled in the US within the US but who knows where that is. seems like a bipartisan no brainer but with all the members of congress bankrolled by the energy industry and multitudes of different lobbying groups who knows if itll ever see the light of day.

[leaftye]

also, just fyi, it doesnt matter where gas is drilled, refined or whatever. theres no law saying that oil drilled somewhere has to stay in the country so there isnt a surplus that drives the cost down when a country produces more oil.

creating a law that would do that would certainly help make us energy independent but also wouldnt help bring prices down. you think oil companies are dumb enough to accidentally bring too much oil to market? narrrrpp. and even if they did they could just store it or move it somewhere else.

if i recall correctly, Kirsten Gillibrand (D-NY) somewhat recently sponsored a bill to keep oil drilled in the US within the US but who knows where that is. seems like a bipartisan no brainer but with all the members of congress bankrolled by the energy industry and multitudes of different lobbying groups who knows if itll ever see the light of day.

We export about half as much oil as we import.

[Seabird]

We export about half as much oil as we import.

There are a lot of people who think that might be changing very soon. With NG prices sitting on the floor, E&P companies currently exploiting hydraulic fracturing plays are starting to focus on oil again. Prices need to stay around $100 for that to be worthwhile though.