National Average Price of Gasoline Hits an All-Time High

#804
#804
I am filling up 3 suvs a week that have 20 gallon tanks.

Went from 105 for all 3 under Trump to 255 under Biden.

So 425 a month to 1020.

So that’s 5,100 a year compared to 12,240 a year.

That means I just lost over 7,000 in disposable net income. Gone. Vapor.

Great times!
 
  • Like
Reactions: McDad, CagleMtnVol, AM64 and 1 other person
#805
#805
NEO said:
I am filling up 3 suvs a week that have 20 gallon tanks.

Went from 105 for all 3 under Trump to 255 under Biden.

So 425 a month to 1020.

So that’s 5,100 a year compared to 12,240 a year.

That means I just lost over 7,000 in disposable net income. Gone. Vapor.

Great times!
Click to expand...
$12240 is a 10% down payment on a 5 ton Hummer EV.

You should get with the program and do your part to end global warming.
 
  • Like
Reactions: ButchPlz, McDad, AM64 and 1 other person
#806
#806
DancingOutlaw said:
I like the people that post the “record profits” of oil companies in 2021 but conveniently leave off that they all lost billions in 2020. Then they want some special tax on the greedy fat cats, which would just zero out with all the losses they had the year before. Big brain.
Click to expand...

Lost billions or didn't make as many billions?
 
#807
#807
NEO said:
Is that ocean water?

Looks like Destin bay with the green hues in the shallows.
Click to expand...

Yes, that's north captiva on the left. Captiva pass behind old glory.
 
Last edited:
#809
#809
AM64 said:
Gas prices are high. Oil CEOs reveal why they're not drilling more

Interesting article. The stock and commodities markets are screwed; they are not doing the intended job. They do not support long term business needs because they are too focused on short term profits. It's a mistake to let top level execs own stocks in companies they work for because it further exacerbates the short term profits over long term growth and stability. It's why we are locked into boom and bust cycles and the Chinese are eating our lunch, dinner, and breakfast. We are a hyperactive ADD riddled society; we want it all and we want it now; there's no room for critical thought, introspection, or just the common everyday sense that used to prevail. Or maybe most of that common sense that existed at one time on farms and in small business and a few large corporations never really existed in most of the corporate world at all.
Click to expand...
I think if they weren't able to meet demand or if people were balking at these prices they would be glad to get some new rigs up and running that would be profitable at $30 or more per barrel. When they really got burned was when they were chasing oil and putting up new rigs that were only profitable in the $50-75/barrel range.
Chevron and Exxon stocks are up around 40% just this year, they certainly don't want to mess that up.
 
#815
#815
85SugarVol said:
Lost. In the Red.

Exxon alone lost over $22B in 2020
Click to expand...

Looks like the vast majority of Exxons' losses were on paper.

A big chunk of the company’s losses came from $19.3 billion in write-downs in the last three months of the year as the company marked down the value of U.S. natural gas fields acquired when gas prices were far higher before fracking flooded the market a decade ago.

Seems like a convenient way to shirk taxes.

I'm sure they've made up for it in spades this and in previous years.
 
#816
#816
Septic said:
Looks like the vast majority of Exxons' losses were on paper.

A big chunk of the company’s losses came from $19.3 billion in write-downs in the last three months of the year as the company marked down the value of U.S. natural gas fields acquired when gas prices were far higher before fracking flooded the market a decade ago.

Seems like a convenient way to shirk taxes.

I'm sure they've made up for it in spades this and in previous years.
Click to expand...
Not a fan of write-downs? It is a legitimate activity.
 
#817
#817
85SugarVol said:
Not a fan of write-downs? It is a legitimate activity.
Click to expand...

Oh I realize that. Truthfully, I don't GAS one way or the other, they're up more than that this year as demand goes back up.

Oil company's having one bad year in 40, BFD. They got "screwed" by the pandemic and people staying at home, while the SEO is still making north of $20m annually.
 
  • Like
Reactions: AM64
#818
#818
Septic said:
Oh I realize that. Truthfully, I don't GAS one way or the other, they're up more than that this year as demand goes back up.

Oil company's having one bad year in 40, BFD. They got "screwed" by the pandemic and people staying at home, while the SEO is still making north of $20m annually.
Click to expand...
Energy has been down for years.

People don’t like them. I get it.
 
#823
#823
Septic said:
Oh I realize that. Truthfully, I don't GAS one way or the other, they're up more than that this year as demand goes back up.

Oil company's having one bad year in 40, BFD. They got "screwed" by the pandemic and people staying at home, while the SEO is still making north of $20m annually.
Click to expand...
But of course the government hasn't offered to drop their gas tax one red cent. And you are pizzed at the CEO of the company that actually brings the gas to your neighborhood pump.

Typical misplaced anger
 
  • Like
Reactions: ButchPlz and DC_Vol
#824
#824
SpaceCoastVol said:
But of course the government hasn't offered to drop their gas tax one red cent. And you are pizzed at the CEO of the company that actually brings the gas to your neighborhood pump.

Typical misplaced anger
Click to expand...

They also haven't suspended the summer gas blends that drives up prices AND contributes to food prices going up.
 
  • Like
Reactions: AM64, McDad, StarRaider and 3 others
#825
#825
I hate to break it to you guys, but I just went south for a week, and as soon as I crossed the Tennessee border gas jumped .20$. Pilot and Speedway were cheapest unless you went into the country. If you want Cheaper, go into KY. Gas is 3.80 sumnthing here today.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top