Gas
Re: Gas
A pet peeve, butraison de arizona wrote: ↑Thu Mar 17, 2022 10:02 amIt’s odd how when oil prices go up, it takes about six minutes for that to show up at the pump. But when oil prices go down, it takes about six months for that to trickle down to the pump. Wonder what that means?tek wrote: ↑Thu Mar 17, 2022 5:59 amIf we're going to play that game, then the gas prices should have a time lag. But they didn't on the way up.Volkonski wrote: ↑Wed Mar 16, 2022 10:49 pm That $96 price is for WTI Crude for delivery in April ′22.
https://www.cnbc.com/quotes/@CL.1
Off Topic
sort of like with a credit card charge, it's an instant process; for a refund, four to six weeks.
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Re: Gas
Thanks Obama.
Good thing tfg brokered a deal to cut production through -checks notes- APRIL 2022 to cut oil production in order to prop up oil prices. The stable genius sure did a bang up job on this one.
Good thing tfg brokered a deal to cut production through -checks notes- APRIL 2022 to cut oil production in order to prop up oil prices. The stable genius sure did a bang up job on this one.
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Re: Gas
Hate to say it, butRep. Diana DeGette @RepDianaDeGette wrote: BIG NEWS: We’ve called the CEOs of 6 major oil companies to testify before our committee next week. We’re not going to allow people to be gouged at the pump while companies report record profits. We need to know what’s causing these record gas prices & how to lower them now!
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Re: Gas
The way to reduce gas prices is to reduce demand.
As long as people keep filling their tanks, gas sellers have no incentive to reduce prices.
As long as people keep filling their tanks, gas sellers have no incentive to reduce prices.
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Re: Gas
tfg’s oil production reductions end in April, hopefully that will help. And I’m not against lining these oil companies against the wall with some sort of windfall profit tax.
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Re: Gas
Sigh. Locally the prices have dropped from a high to $4.29 back down to $3.83 for regular.
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Re: Gas
Most gasoline sold in the USA is produced by large multinational petrochemical corporations. Most of their profits come from outside the USA and this has been the case for decades. Note that gasoline is just one of the many products these companies produce.
Also note that while the profit numbers looked at without context may seem "large" these corporations are very very large and need a lot of income to achieve even modest returns on investment compared to other companies.
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Re: Gas
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
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Re: Gas
A quick search didn't yield Altman's (candidate VA-2) birth date, but I must not be as old as him. I can't remember a time you could get 23 gallons of gas with the change from your ashtray.
Trump endorsed House candidate Tommy Altman claims he used to “fill up” his “gas tank by taking change out of the ashtray” in his car, but can’t anymore because of Biden.
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Re: Gas
Must have a very small gas tank.
If gas was 25 cents a gallon (a price I remember) it would take 15 quarters to fill a 15 gallon gas tank. Big ashtray.
If gas was 25 cents a gallon (a price I remember) it would take 15 quarters to fill a 15 gallon gas tank. Big ashtray.
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Re: Gas
Back when cars still had ashtrays, mine was always full of cigarette butts.
Nowadays, no ashtray, but I do throw change in one of the cupholders which, coincidentally I emptied out today & cashed in at the local Coinstar machine. Got me just over 22 bucks which would be a skosh over a ¼ tank of gas at $5.37/gal.
Nowadays, no ashtray, but I do throw change in one of the cupholders which, coincidentally I emptied out today & cashed in at the local Coinstar machine. Got me just over 22 bucks which would be a skosh over a ¼ tank of gas at $5.37/gal.
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Re: Gas
The tank hes talking about is his lawnmower.raison de arizona wrote: ↑Tue Apr 19, 2022 3:05 pm A quick search didn't yield Altman's (candidate VA-2) birth date, but I must not be as old as him. I can't remember a time you could get 23 gallons of gas with the change from your ashtray.
Trump endorsed House candidate Tommy Altman claims he used to “fill up” his “gas tank by taking change out of the ashtray” in his car, but can’t anymore because of Biden.
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Re: Gas
Paywalled, why are they closing? Seems like right now they'd be making money hand over fist.
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Re: Gas
In the chain of steps from exploration thru to sales to consumers refining is not where the money is.raison de arizona wrote: ↑Thu Apr 21, 2022 7:33 pm Paywalled, why are they closing? Seems like right now they'd be making money hand over fist.
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Re: Gas
Lyondell Basell to shutter Houston oil refinery in exit from refining
https://www.reuters.com/business/energy ... ce=twitter
https://www.reuters.com/business/energy ... ce=twitter
The Houston Ship Channel is a prime location. Someone will buy it.The decision comes after two failed attempts to sell the plant and the closing of five U.S. refineries in the last two years. Refining until recently has been beset by high costs and low margins.
"After thoroughly analyzing our options, we have determined that exiting the refining business by the end of next year is the best strategic and financial path forward," said Ken Lane, interim chief executive.
The refinery, which makes gasoline, diesel and jet fuel, will remain in operation and the company will continue to seek potential transactions and/or alternatives for the roughly 700-acre site on the Houston Ship Channel.
The company earlier took a $264 million impairment charge as part of its decision to exit refining. In the past 10 years, Lyondell has twice mounted efforts to sell the 263,776 barrel-per-day refinery but failed to conclude a deal.
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Re: Gas
Those states are in the pocket of Big Corn.
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Re: Gas
Going by industrial history, like big Steel, I’d bet their plant’s equipment is old, there’s newer refiners in other countries that are more efficient, and the Americans can’t compete.raison de arizona wrote: ↑Thu Apr 21, 2022 7:33 pm Paywalled, why are they closing? Seems like right now they'd be making money hand over fist.
That pattern has happened over and over, in many industries.
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