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California Oil Price Madness
- Thread starter coolwater
- Start date
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On the border of LA/OC county and we are up and down between 3.70-4.00 per gallon for regular. Of course this is based on what gas station you go.
Put your knickers back on and suck it up, mate...
We're at $6.52 down under, and that's cheaper than it's been for years...
We're at $6.52 down under, and that's cheaper than it's been for years...
Are you very rural? I'm in the Scottish Highlands and we usually pay more than everyone else and we are £1.16 per litre here
Again, the United States is the largest producer of oil in the world. We should be mad gasoline is so expensive.
Producer, yes. Refiner? No. Refineries cost money to build. Lots of it. Also money to run. Some of our refineries in the states shut down for some time in the year. I'm not an expert on oil as it's not something my firm deals with, but I've been told it's similar to desalination. Building more plants and working them more is easier said than done if you want to maintain margins.
It all goes on the world market at the prices set there. Basically it's all a setup.
and the 90s
Heck, it was 3-4 months ago that I paid 1.46/gallon here in CO
the US is much more car centric than Europe
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Also, our refineries are designed to refine gasoline. European refineries have significantly higher output of diesel than do American refineries.
Brent Crude closed at $54.62
Crude Oil at $47.97
I don't see how they can keep justifying raising the price in the near future.
Crude Oil at $47.97
I don't see how they can keep justifying raising the price in the near future.
Do they really have to justify any of it? The prices get set and we pay whatever they are essentially. Not like many of us have that much of a choice about it.
I rather like this new forum, because it gives insights into previous threads about the similar topics. One of those is this guy below:
https://forums.macrumors.com/threads/oil-gas-price-chart.489505/
From the OP of that thread:
dukebound85 said:
If Crude oil is at $48/barrel, and gas prices are still at $4 in some places, something not only has to explain the markup, but also show the differences in that markup between when oil was $133/barrel and now at $48. that's an $85 difference per barrel.
Now, I know that following the normal lines of distribution, you have refining, any other chemicals added (In California, MTBE is added, for example), preparation for shipment, getting it to the station, and advertising, all before the customer can purchase it. The numbers above definitely do show that it doesn't add up to $85/barrel.
So where is that money going? It would be interesting to see what previous prices were per gallon when oil was selling at roughly the same price per barrel; then we will see where the oil companies are fleecing everyone.
BL.
Near record breaking LOW Brent Crude prices, just about where they were in January. Crude oil is at 45.47, right where it was when we had LOW prices in January. Prices in my area have not moved in several days.
Prices finally dropping in Central California. I used to work in the industry and it was a case of price going up, raise prices as quickly as possible as you would make extra profit based on the cheaper gas you already had in your tanks. As gas drops, the retail price decrease is much slower to, once again, maximize your profit as you slowly had to replace the fuel in the ground.
It was always interesting to watch the price fluctuations as it seemed that if someone sneezed in Nigeria that the price would spike even though our supply was not really dependent on their oil flow. IMHO, it has been the speculators that have helped the gas industry gouge the public and reap record profits.
The two main market indicators are Brent crude and WTI. Based on what WTI is right now, gas should really be at 2.79 average in California. There are several fueling distribution point in Sacramento, so freight should not be a defining factor.
There are not really any differences in freight costs ( very competitive among distributors) or additives as California mandates a minimum amount that can be used. Arco, 76 and Costco are now using a a formula called 'Top Tier', which is supposed to exceed the California minimum. To me, it is now a marketing gimmick, although, it was common knowledge for years that Arco scraped to the bottom of the level required and wanted to pump out huge volumes to keep the price down at their stations to increase their store business, which is highly profitable.
Yeah, you do have a choice.
Get a diesel engine and tun it on recycled vegetable oil... (which, of course, we all know, was what the diesel engine was invented for...)
Or get an electric car...
Well, we can walk too. The practical part was pretty much implied there. Some of those options aren't that practical for many, others are costly in similar ways or other ways.