• New here? Register here now for access to all the forums, download game torrents, private messages, polls, Sportsbook, etc. Plus, stay connected and follow BP on Instagram @buckeyeplanet and Facebook.

$4.29 here, how about you?

Jump to latest Follow Reply
plum diamonds buckeye planet
Sort by date Sort by votes
Just got back from a golf trip to the Bay Area. Traveled up I-5, and saw prices ranging from $6.35 to $6.55 along the way. My Subaru Outback got up and back, along with travel from motel to courses and back, on 3/4 tank. Back to the $4.95 at Costco here. Probably not the place for this, but does anyone fathom how Florida is going to pay for police, fire, sanitation without property taxes?
 
Upvote 0
I get that the USA is tied to world price of oil. However, since the USA is a net exporter, that economically says we needn't charge world oil prices, which are tremendously affected by the Hormuz situation. So am guessing that the Big Oils here are making landmark profits, as drilling, refining, transporting prices here haven't changed. But, in my experience, prices at the pump go up much faster than they come down.
 
Upvote 0
calibuck said:
I get that the USA is tied to world price of oil. However, since the USA is a net exporter, that economically says we needn't charge world oil prices, which are tremendously affected by the Hormuz situation. So am guessing that the Big Oils here are making landmark profits, as drilling, refining, transporting prices here haven't changed. But, in my experience, prices at the pump go up much faster than they come down.
Click to expand...
Especially in California
 
Upvote 0
calibuck said:
I get that the USA is tied to world price of oil. However, since the USA is a net exporter, that economically says we needn't charge world oil prices, which are tremendously affected by the Hormuz situation. So am guessing that the Big Oils here are making landmark profits, as drilling, refining, transporting prices here haven't changed. But, in my experience, prices at the pump go up much faster than they come down.
Click to expand...
Not sure if this is what you’re saying, but, if you’re an oil exec and you have the choice to sell to the Netherlands, for example, at $4 per gallon or to domestic refineries at $3 a gallon, you’d get run out of your job if you choose to take the less profitable deal.
 
Last edited:
Upvote 0
Do get your point, and yeah, world economics might prevail. Selling a barrel of $100 oil, shale or #2 sweet would be more profitable to Big Oil than keeping the great unwashed pump price below $4. Almost makes me want to find a used Tesla. (Not really)
 
Upvote 0
calibuck said:
Do get your point, and yeah, world economics might prevail. Selling a barrel of $100 oil, shale or #2 sweet would be more profitable to Big Oil than keeping the great unwashed pump price below $4. Almost makes me want to find a used Tesla. (Not really)
Click to expand...
There are “great unwashed” all over the developing world… it’s not just a red state phenomenon. But I gather you probably already know that.
 
Upvote 0
Believe it was Shakespeare that coined the 'great unwashed', but whomever said, means the common person. And while I bathe semi-regularly, do consider myself a common person. Joe Sixpack just doesn't resonate as much. Anyway, if you follow the market, Big Oil is doing well during these times. Countries without our oil reserves, not so much.
 
Upvote 0
calibuck said:
Believe it was Shakespeare that coined the 'great unwashed', but whomever said, means the common person. And while I bathe semi-regularly, do consider myself a common person. Joe Sixpack just doesn't resonate as much. Anyway, if you follow the market, Big Oil is doing well during these times. Countries without our oil reserves, not so much.
Click to expand...
You could have the largest oil reserves in the world but if the people who occupy the land above it doesn't have the know how to extract, refine and ship it, doesn't do them much good.
 
Upvote 0
You must log in or register to reply here.
Back
Top