$5.09 in Columbus, Ohio.....where is the breaking point?
(media.greatawakening.win)
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If you think $5.00/gallon is bad wait for $10.00/gallon to hit Ohio
so far
I remember when gas was about to pass $1, and all the gas pumps had mechanical dials that needed to be physically replaced at great expense.
Not a problem. They did it 40 years ago, for $1.00.
I stay home as much as I can because of this crap.
That's what they want you to do. The Demons.
Of course. 😡
joke's on them I have legs!
I am going to lake this weekend to ride around on my boat... might as well, who knows how much longer the good times will last.
True.
You're complying by doing that.
One might call it complying, another can call it avoiding giving more tax money to the federal gov
Its not the just the price of gas, its the value of the dollar
Winner ^
Now the libtards will be fighting for a $50/hr minimum wage.
It’s over $8.00 in LA, $6.75 in Bay Area.
When people stop buying which is going to be devastating for the economy.
I work alongside the gas/oil industry in Texas. Our prices for unleaded currently are around $4.50/gal average. I haven’t seen a slow down in hiring people to work the fields. So something is afoot.
And to add, I’ll know more in the coming months about the work force aspect of Texas/New Mexico rigs. The summer months are the busiest for hiring guys out in the field. Going to see the change, or lack thereof in the next month.
Completing a well in Big Springs at the moment. We need to hire 30+ people for a new fleet.
Just ran the #'s. We have used $1.8 million worth of diesel to frac the 5 wells on this pad.
https://www.insider.com/fast-food-burgers-cost-every-year-2018-9#in-2013-your-burger-cost-an-average-of-220-24
https://menupriceshub.com/mcdonalds-menu-prices/
A gas station near me went out of business during the Obama years, when gas went through the roof. The sign has been frozen in time, set at $3.28/gal regular, around 2013...
Gas station across the street is now at $4.59
Doing the math, adjusting for inflation based on price of a burger...
The price of gas in the Obama years, adjusted to today's value of the dollar based on burgers, is $5.65/gal
Which means we still have about a dollar to go before we hit Obama-years price of gasoline.
In other words, the price of gas has been MUCH worse than it currently is. We are still only 81% the price of the Obama-years gas prices, effectively.
Good analysis. Agreed with all ... AND, the money supply was NOTHING like it is now. Incorporate the devaluated currency, with the expected adjusted fuel price, I think we hit $7.50 national average by September.
I'd say something about shocking the normies out of their slumber but it would appear nothing short of seeing Hillary eating a baby on live TV is gonna work on a lot of those idiots.
You think seeing that would work? Muh Russian Pootinz disinformayshun!@!
Good point. Yeah. Probably not even that
Biden discarded all of Trump's Executive Orders regarding energy production and restored Obama's failed energy policies with the stroke of a pen his first day in office, when he signed Executive Order 13990.
You're right that gas prices were even higher under Obama, when adjusted for inflation.
However, the discrepancy is much more apparent between Biden and Trump policies than it was between Obama and Bush, mostly due to the Iraq War and Hurricane Katrina and the 2008 economic collapse all boosting the price of gas before Obama took office. And Obama had the BP oil spill he could blame as well, and more people bought that excuse because there was at least some basis in reality for it.
Just to put in perspective… I own a business in Columbus and we drive vans. Cost per month for gas alone has gone up 389% avg. hundreds of wasted fucking dollars.
It's 9.072 in Canada. Don't complain.
It cost me $75 for a half tank in Texas.
It was cheaper to fill my tank even after adding the deluxe car wash just a couple years ago.
Insanity.
Its $2.10 AUD in Aus, it was $1.15 when trump was in power
But those Canadian dollars aren't worth as much as ours.
The breaking point is when it's not cost effective to fill up anymore. If you make 18 bucks an hour and drive 45 min. to work, it might be more cost effective to find a job at 16 bucks an hour and walk or ride a bike.
The other breaking point is when it costs more to deliver goods than what you are selling them for. The breaking point is when the buyer is unwilling to pay more for the product because the consumer is unwilling to pay more for the product. We aren't that far away from that right now.
We make sure we always let the libtards in our family know this is their fault, “Yeah did you see that gas price today? Yeah had to add another 50 to the grocery bill .. dang ... Gee thank you for Biden!” it’s fun, and we have yet to receive an apology for their decision 😂 yeah we don’t get to do it as much as we’d like they are keeping their distances.
I am thinking about inviting my liberal family over for a cookout....Just to hear them say they afford the gas to get here.
$6.19 here in cali as of last night.....prob gone up since then.
Dude, im $5.25 reg. $6.39 diesel.
Sandusky
In California the average price of gas is $6.89+. Sucks.
Good news, in California our gas is back down to $6.59/gallon
I'm glad I don't have to drive much. I average getting one fillup per month, so $20 a gallon would probably stop me. At that point, I would just hope that my stockpile of food will last until things get better.
Price of gas was increasing long before Russian sanctions.
~$6/gal for unleaded in Reno, NV. Last month it was ~$5/gal. I don't see this stopping anytime soon.
Talked to a lady at my local grocer the other week, and she can only sustain her job because she lives <3 minutes from the store. A lot of people quitting because the paycheck can't pay for gas + rent, etc.
Something has to happen and soon. It seems we're going up 10 cents every week.
4.69 2 weeks ago, 4.79 last week, 4.89-4.99 today.
The oil companies were making more money when Trump was in office, once you factor in inflation.
Do you really believe the MSM and Biden Administration narratives which blame the oil companies for not pumping empty oil fields even drier due to their "incessant greed," rather than because there's little profit in it?
If Biden hadn't signed Executive Order 13990 his first day in office, which put an immediate stop to oil production in Alaska and off-shore in the Arctic Circle, it would be a completely different story. Oil would probably be around $50-75 a barrel tops, even after being adjusted for inflation.
You’re definitely right, Trump’s policies took away the illusion of energy scarcity which supported higher energy prices.
Biden, with the stroke of a pen, returned the world to the illusion of energy scarcity. Maybe I’ve missed it, but I haven’t heard big oil loudly complaining about it. And why should they when they can make healthy profits with less effort?
Big government favors big business. I’m not saying there is collusion. But big businesses have the resources to use government regulation to its advantage. Meanwhile small businesses are crushed.
2017 - Exxon profits surge 122%, ending two-year slump
Exxon (XOM), the world's largest public oil company, revealed on Friday that profits more than doubled to $4 billion during the first three months of 2017.
Stronger oil prices allowed Exxon to book $2.3 billion in profits in the division that pumps oil and gas out of the ground. That's a vast improvement from a loss of $76 million a year ago.
https://money.cnn.com/2017/04/28/investing/exxon-earnings-double-oil-prices/index.html
Archived link- https://archive.ph/3MbEj
That $4,000,000,000 in 2017 would be $4,516,189,416.24 in 2022, adjusted for inflation.
2022 - Exxon profits surge despite $3.4B hit from Russian exit
Exxon Mobil reported $5.48 billion in profits during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year.
But the oil giant took a huge hit as it abandoned its Russian operations due to the war, writing down $3.4 billion.
Including that loss, the oil giant reported profits of $1.28 per share Friday, which was well below expectations of analysts polled by Factset, who were looking for $2.23 per share.
The price of oil climbed steadily during the first quarter after Russia invaded Ukraine, sending European countries which rely heavily on Russia for energy and others scrambling to find alternative sources for fuel. A barrel of the U.S. benchmark crude rose from $76 to nearly $130 per barrel before ending the quarter at $100, and drivers were filling up with increasingly expensive gasoline.
Natural gas prices rose too, climbing from $3.50 per million British thermal units to about $5.60, inflating home heating bills and electricity prices.
https://news.yahoo.com/exxon-profits-surge-loses-billions-111857351.html
Archived link - https://archive.ph/1E59P
If it wasn't for natural gas production in Alaska, which Biden's Executive Order 13990 doesn't affect, Exxon likely would have taken a big hit to profits in 1Q 2022, despite the increase in crude oil prices.
ExxonMobil’s Point Thomson reservoir
The Point Thomson reservoir holds an estimated 8 trillion cubic feet of natural gas and 200 million barrels of natural gas condensate, a high-quality hydrocarbon similar to kerosene or diesel. Point Thomson gas represents about 25 percent of known gas resources on the North Slope.
ExxonMobil brought Point Thomson online in April 2016 with production facilities designed to produce and reinject (cycle) 200 million cubic feet per day of gas and produce up to 10,000 barrels per day of natural gas condensate. The condensate is transported by a 22-mile pipeline which connects into the Trans Alaska Pipeline System.
This phase of Point Thomson development establishes critical infrastructure and provides the experience and learning for current and future Point Thomson development. Lessons gained from this high-pressure gas condensate cycling project on the North Slope will be key to helping unlock Point Thomson’s potential.
During operations, onshore facilities recover natural gas condensate from the reservoir located primarily offshore, using proven long-reach drilling technology. Two injection wells work in tandem with a production well, cycling up to 200 million cubic feet of natural gas per day through an onsite central processing facility. Condensate is then transported by pipeline and gas reinjected for future recovery. Building Point Thomson facilities required extensive onsite infrastructure to minimize the development footprint.
https://corporate.exxonmobil.com/Locations/United-States/Alaska/ExxonMobil-Point-Thomson-reservoir#PointThomsonneighbors
Archived link - https://archive.ph/F8SQ3
$7 today to visit my GMa in LA. Ugh.
Belgium's at 9,50 euro per gallon with the average person making about 20.000 per year. You've got it good.
Part of the wake up program
Ask the sheep why gas is so high and laugh your ass off as they blame putin
Obama said $7
That diesel price is scary! Diesel where I live is almost $7. I don't know how truckers will be able to keep up with it and still make a living. I heard that in SoCal it is up to $10 for diesel.
7.10 last I saw here in San Diego
The breaking point will come long after that.It will be ablout the point that fuel starts getting cut off and food stops being delivered. Martial Law will be rolled out and Constitution suspended.
At least 50% of this country will lose their homes and jobs.
You cannot build back better without destroying what was there first.
Unless someone saves the day.