Gas going up again

[aceinspp]

According to National new last night there reason for raising fuel prices is due to summer blend now in production(normal) and then that BS Venezuela can not produce and ship oil. Later RJD

[spock123]

When on a trip I always look for the cheapest diesel but it’s my job to keep the tank full

[Walholler]

Lake Charles,Louisiana. Diesel $2.46 a gallon, down from $2.49 on 03/02/19, falling prices in this neck of the woods.

[cmysstailights]

Originally Posted by Mad Cow

$1.48 E85

Wow that went up quick for you. 1.77 here

[JohnD10]

Gas went up .20 cents per gallon this week in Yuma, AZ...

Paid $2.48.9 a couple of days ago...

Last night gas was $2.69.9 at the same station.

Just now looked at Gas Buddy...$2.71.9 at that same station.

[TheWolfPaq82]

Originally Posted by babock

To be honest, I made sure I retired with enough money that a few hundred extra dollars a year won't make a difference to me. I don't sweat gas prices at all. In fact, higher the gas price, less people on the road.

As history has shown....."higher the gas price, less people on the road." is not true at all.

[TheWolfPaq82]

At home...$3.15 Premium / $3.00 Diesel. Cabin in Missouri I can get Diesel for $2.74 when we head home.

[babock]

Originally Posted by TheWolfPaq82

As history has shown....."higher the gas price, less people on the road." is not true at all.

Actually history has shown that is true. Study after study shows that. Especially true when combined with recession which looks like we may be headed toward. Here in Los Angeles, the small amount of mass transit that we have gets jammed the higher the gas prices.

[Jim34RL]

I have been paying between $0.10 and $0.20 a gallon less for diesel than the gas pumps at my local station. I just filled up my truck at $2.65 a gallon for diesel, gas was $2.78. Shell was selling gas at $2.84 and BP was $2.90.

[retired on a mountain]

Did it today 3 dollars

[Kimber45]

Who cares. you got two choices. fill up or walk. If I cared about the price of gas I wouldn't have an HD truck and a camper.

[babock]

Originally Posted by Kimber45

Who cares. you got two choices. fill up or walk. If I cared about the price of gas I wouldn't have an HD truck and a camper.

Totally agree. In the scheme of things, price of fuel is pretty low on my list of things to worry about.

[TheWolfPaq82]

Originally Posted by babock

Actually history has shown that is true. Study after study shows that. Especially true when combined with recession which looks like we may be headed toward. Here in Los Angeles, the small amount of mass transit that we have gets jammed the higher the gas prices.

Here's a study:

High gas prices must be forcing Americans to cut back in other ways, right? That’s what the economists Lutz Kilian at the University of Michigan and Paul Edelstein of the consulting firm IHS Global Insight wondered. They looked at personal spending habits during periods of high energy prices and discovered that “somewhat surprisingly, there is no significant decline in total expenditures on recreation,” which was one place they expected to find frugality. More specifically, rising gas prices had “no significant effect on the consumption of movies, bowling and billiard[s], casino gambling and only insignificant declines for recreational camps, sightseeing, spectator sports and spectator amusements.” Some people bought fewer lottery tickets, they told me.

In other words, Americans may protest loudly, but their economic behavior indicates a remarkable indifference to the price of oil. In Europe, where taxes keep gas prices well above $5 a gallon, citizens are more likely to take public transportation and live near the center of town. The streets are filled with mopeds and tiny cars. The United States, on the other hand, barely exerts the minimum effort expected of a gas-phobic society: its enthusiasm for car pooling, enhanced public transportation and fuel-efficient vehicles remains relatively low. The average American even spends more gas money on social and recreational trips (about $13 a week, on average) than on their commutes to and from work (around $8). If gas prices truly damage the quality of our lives, we have done a remarkable job of hiding it.

[babock]

Originally Posted by TheWolfPaq82

Here's a study:

High gas prices must be forcing Americans to cut back in other ways, right? That’s what the economists Lutz Kilian at the University of Michigan and Paul Edelstein of the consulting firm IHS Global Insight wondered. They looked at personal spending habits during periods of high energy prices and discovered that “somewhat surprisingly, there is no significant decline in total expenditures on recreation,” which was one place they expected to find frugality. More specifically, rising gas prices had “no significant effect on the consumption of movies, bowling and billiard[s], casino gambling and only insignificant declines for recreational camps, sightseeing, spectator sports and spectator amusements.” Some people bought fewer lottery tickets, they told me.

In other words, Americans may protest loudly, but their economic behavior indicates a remarkable indifference to the price of oil. In Europe, where taxes keep gas prices well above $5 a gallon, citizens are more likely to take public transportation and live near the center of town. The streets are filled with mopeds and tiny cars. The United States, on the other hand, barely exerts the minimum effort expected of a gas-phobic society: its enthusiasm for car pooling, enhanced public transportation and fuel-efficient vehicles remains relatively low. The average American even spends more gas money on social and recreational trips (about $13 a week, on average) than on their commutes to and from work (around $8). If gas prices truly damage the quality of our lives, we have done a remarkable job of hiding it.

LOL..that was your study? An opinion piece in the NY Times from 2012?

Here is a chart that shows 9 years of change in gas price vs vehicle travel change. They are pretty much always opposite each other.

[jeffnick]

Originally Posted by Kimber45

Who cares. you got two choices. fill up or walk. If I cared about the price of gas I wouldn't have an HD truck and a camper.

Thank you.
For the rest...

[TheWolfPaq82]

Originally Posted by babock

LOL..that was your study? An opinion piece in the NY Times from 2012?

Here is a chart that shows 9 years of change in gas price vs vehicle travel change. They are pretty much always opposite each other.

Whatever dude. we all know if it not your way it's wrong. Done.

[babock]

Originally Posted by TheWolfPaq82

Whatever dude. we all know if it not your way it's wrong. Done.

LOL...my way? It's just facts!

[Iwritecode]

The actual study was done in 2007. Your chart only goes back to 2008.

Also the study only mentions that people don't tend to spend less on other things when gas prices go up. It doesn't seem to mention actual travel.

So it's possible you are both correct.

[TitanMike]

Gas has gone up and down for as long as gasoline has been sold.

What's screwing up prices today is the lack of refining capacity in this country. A refinery goes down for maintenance and prices go up due to same demand and lower supply.

Another HUGE factor for those who live in California is their state regulations on the gas blend that has to be sold there (for air quality of course). California requires a blend that is ONLY used in CA due to its cost. That alone runs the cost higher.

Where I live the first $0.68 goes to taxes. $0.50 of that goes to the state and the rest to the fed's.

Surprised that CA's gas tax isn't the highest in the country. Pennsylvania has them beat with a $0.77 tax per gallon.

When it comes to fueling up the family vehicles, including the RV, that seems to be the last place anyone economizes. They'll put off a vacation trip to some tropical island but still continue their driving habits.

[babock]

Originally Posted by Iwritecode

The actual study was done in 2007. Your chart only goes back to 2008.

If the study you are talking about was the CBO study, then they concluded that traffic got lighter and less miles were driven as fuel prices went up.

https://www.cbo.gov/sites/default/fi...lineprices.pdf