EVGA

Hot!Gas Prices / Also your prediction on prices in the future

Page: << < ..11 Showing page 11 of 11
Author
yaymz
SSC Member
  • Total Posts : 547
  • Reward points : 0
  • Joined: 2006/09/08 07:14:31
  • Status: online
  • Ribbons : 1
Re: Gas Prices / Also your prediction on prices in the future 2022/06/21 13:39:34 (permalink)
The very recent drop in price is just a red herring.  We are depleting our strategic reserves @ 1mn barrels per day and predictions are that we will be at a 40 year low by Sept or Oct.  What happens when those reserves dry up and global tensions continue to escalate?  We could see prices skyrocket way past what they even are now.
austin86
FTW Member
  • Total Posts : 1008
  • Reward points : 0
  • Joined: 2021/05/11 07:01:25
  • Status: offline
  • Ribbons : 3
Re: Gas Prices / Also your prediction on prices in the future 2022/06/22 10:14:25 (permalink)
yaymz
The very recent drop in price is just a red herring.  We are depleting our strategic reserves @ 1mn barrels per day and predictions are that we will be at a 40 year low by Sept or Oct.  What happens when those reserves dry up and global tensions continue to escalate?  We could see prices skyrocket way past what they even are now.


This is very true. And removing the gas tax as many are talking about will only make gas cheaper for a short wile witch is nice but it does not fix the underlining problems. Ether supply needs increased or demand needs dropped.
 
BTW e15 is 4.50 here today.
post edited by austin86 - 2022/06/22 10:15:27


Asus CSM b660, 16gb 3200mhz ddr4, 12100f, 980ti
X58 Classy3, 6gb 2000mhz cl8 ddr3, 990x, GTX285 sli
Abit BX133 raid, 256mb PC133, 1ghz Piii, voodoo1+MX440
 
austin86
FTW Member
  • Total Posts : 1008
  • Reward points : 0
  • Joined: 2021/05/11 07:01:25
  • Status: offline
  • Ribbons : 3
Re: Gas Prices / Also your prediction on prices in the future 2022/06/26 15:17:07 (permalink)
3.99! Yes 3.99. That’s 3.99 a gallon! Cant believe that.

post edited by austin86 - 2022/06/27 06:04:05


Asus CSM b660, 16gb 3200mhz ddr4, 12100f, 980ti
X58 Classy3, 6gb 2000mhz cl8 ddr3, 990x, GTX285 sli
Abit BX133 raid, 256mb PC133, 1ghz Piii, voodoo1+MX440
 
XrayMan
EVGA Forum Moderator
  • Total Posts : 72410
  • Reward points : 0
  • Joined: 2006/12/14 22:10:06
  • Location: Santa Clarita, Ca.
  • Status: offline
  • Ribbons : 111
Re: Gas Prices / Also your prediction on prices in the future 2022/06/26 15:36:37 (permalink)
 
Went from $6.39  to  $6.25. I'm surprised.

            My Affiliate Code: 8WEQVXMCJL
 
        Associate Code: VHKH33QN4W77V6A
 
             
 
 
                  
 
 
 
          
 
   
 
           
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



 
 
 
 
 
 &nbsp
Sajin
EVGA Forum Moderator
  • Total Posts : 47427
  • Reward points : 0
  • Joined: 2010/06/07 21:11:51
  • Location: Texas, USA.
  • Status: online
  • Ribbons : 198
Re: Gas Prices / Also your prediction on prices in the future 2022/06/26 15:48:11 (permalink)
Went from 4.32 to 4.19, but somehow I paid the same price for 12 gallons of gas? 🤔

Want to save 3% to 10% on your next EVGA purchase? Just click on the associates banner to save, or enter the associates code at checkout on your next purchase.
 
Nereus
Captain Goodvibes
  • Total Posts : 17941
  • Reward points : 0
  • Joined: 2009/04/09 20:05:53
  • Location: Brooklyn, NYC.
  • Status: online
  • Ribbons : 58
Re: Gas Prices / Also your prediction on prices in the future 2022/06/26 15:53:36 (permalink)
 
Ahh yes, the old 'put the price up 100% and then knock it down 5% so the punters think it's a good deal' trick.
 

ASSOCIATE CODE CSKKXUT5Q9GVAFR FOR UP TO 10% DISCOUNT ON EVGA.COM PURCHASES! [DETAILS]

  BUILD 1 2   |   MINI-ITX BUILD   |   MODSRIGS $1K WIN   |   HEATWARE

Flybye
SSC Member
  • Total Posts : 741
  • Reward points : 0
  • Joined: 2006/11/17 23:55:10
  • Location: Miami (Cuba v2.1)
  • Status: offline
  • Ribbons : 3
Re: Gas Prices / Also your prediction on prices in the future 2022/07/02 08:59:36 (permalink)
Imagine what prices will be like when we can't even suck any more crude oil out of the ground...


Copy: KMA4AQ1BAT3J8LA
Gaming thing
i9-12900KF @ 5.25GHz
EVGA: Z690 Classified - RTX 3080 FTW3 Ultra - Supernova 1200w P3 - DG-75
16GBs Patriot DDR5 4800 @ 5600 - Seagate: .5TB, 1TB M.2s, HD 4TB
Sony CRT 24" GDM-FW900 16:10 - DangerDen (RIP) Goodies: 2x120mm Rad & D5 + Primochill stuff
redteamgo
SSC Member
  • Total Posts : 559
  • Reward points : 0
  • Joined: 2013/11/16 13:20:08
  • Status: offline
  • Ribbons : 1
Re: Gas Prices / Also your prediction on prices in the future 2022/07/02 09:32:29 (permalink)
is that before or after coal is depleted?  back to horse and buggy we go.
austin86
FTW Member
  • Total Posts : 1008
  • Reward points : 0
  • Joined: 2021/05/11 07:01:25
  • Status: offline
  • Ribbons : 3
Re: Gas Prices / Also your prediction on prices in the future 2022/07/06 09:15:31 (permalink)
Flybye
Imagine what prices will be like when we can't even suck any more crude oil out of the ground...


100 bio fuel, kerosene, gasifiers and other producer gas's will still an option...
 
Anyway gas is 4.35 for reg and 4.09 for e15 here
post edited by austin86 - 2022/07/06 09:40:04


Asus CSM b660, 16gb 3200mhz ddr4, 12100f, 980ti
X58 Classy3, 6gb 2000mhz cl8 ddr3, 990x, GTX285 sli
Abit BX133 raid, 256mb PC133, 1ghz Piii, voodoo1+MX440
 
kram36
The Destroyer
  • Total Posts : 21486
  • Reward points : 0
  • Joined: 2009/10/27 19:00:58
  • Location: United States
  • Status: offline
  • Ribbons : 72
Re: Gas Prices / Also your prediction on prices in the future 2022/07/06 23:01:18 (permalink)
Flybye
Imagine what prices will be like when we can't even suck any more crude oil out of the ground...


There will always be oil to pump out of the ground. Common misconception is oil is finite. Oil is constantly replenishing itself, it doesn't just come from dead dinosaurs. Plus there is oil we have not figured out how to get to, but we know it's there.
austin86
FTW Member
  • Total Posts : 1008
  • Reward points : 0
  • Joined: 2021/05/11 07:01:25
  • Status: offline
  • Ribbons : 3
Re: Gas Prices / Also your prediction on prices in the future 2022/07/07 06:39:05 (permalink)
kram36
Flybye
Imagine what prices will be like when we can't even suck any more crude oil out of the ground...


There will always be oil to pump out of the ground. Common misconception is oil is finite. Oil is constantly replenishing itself, it doesn't just come from dead dinosaurs. Plus there is oil we have not figured out how to get to, but we know it's there.


Not if we use it faster then it replenishes itself, but yeah there is a lot of oil out there we have yet to tap, ether do to it being behind red tape or it's just hard to get to.
post edited by austin86 - 2022/07/07 06:44:41


Asus CSM b660, 16gb 3200mhz ddr4, 12100f, 980ti
X58 Classy3, 6gb 2000mhz cl8 ddr3, 990x, GTX285 sli
Abit BX133 raid, 256mb PC133, 1ghz Piii, voodoo1+MX440
 
Cool GTX
EVGA Forum Moderator
  • Total Posts : 28648
  • Reward points : 0
  • Joined: 2010/12/12 14:22:25
  • Location: Folding for the Greater Good
  • Status: offline
  • Ribbons : 120
Re: Gas Prices / Also your prediction on prices in the future 2022/07/07 07:54:25 (permalink)
SunnyBeach
Cannot blame anyone except the greed of big oil. Just look at their record profits during 2022. 




NOPE, it is a fixed percentage, that just happens to increase as crude prices rise
 
 
"Big Oil" makes a fixed margin, as a percentage of crude price.  Say margin on crude = 8.14%
 
So at $50/barrel (lowest profitable price) = $4.07 Profit/barrel - however - @  $100/barrel - their Margin doubles,  to $8.14/barrel @ 8.14% example



(source excerpt)  ---> Current and historical gross margin, operating margin and net profit margin for Exxon (XOM) over the last 10 years. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Exxon net profit margin as of March 31, 2022 is 8.14%.
 
Interesting reading: ExxonMobil Investor-Relations
 
 
IMO - Allowing Stock Market Speculation - is the real issue, driving these insane oil prices.


Why can people bid up (speculate) on oil futures - if they do not have the ability to ship, take possession, store or refine the crude?
 
You know the oil prices on the Stock Market have yet to be pumped from the ground, & will not "hit the market" for 3 months or longer?
 
That all (or almost all) the US crude is shipped overseas - US refineries are setup for "sour crude" - (like Saudi Arabia sells) & the US oil = "sweet crude" like Europe & Asia use.
 
Have you ever wondered why there has been no real shortages in the US?  As long as you are willing to pay, you can find gas, heating oil, propane .....
 
Back in the late 70s? & early 80s ..... Gas was rationed by Even days / Odd days .. had to match the last digit on your tag .... if you could find a gas station with fuel for sale.  Yet in the Chesapeake Bay, clogged Full of oil tankers - sitting very low in the water, because they were full of oil.  Tankers could not unload because the oil storage tank in port were full!
 
Now days it is easy to find fuel, kind of expensive though.  Yes, compared to pandemic years it is much higher; but, so are wages.
 
True the is no incentives for Countries or Oil Companies to flood the markets with crude, as they are enjoying the profits after a few years of minimal profits during the COVID world wide slowdown
 
 
 

Learn your way around the EVGA Forums, Rules & limits on new accounts Ultimate Self-Starter Thread For New Members I am a Volunteer Moderator not an EVGA employee
RTX Project EVGA X99 FTWK 2xEVGA2080Ti EVGA1200P2  Nibbler EVGA X99 Classified EVGA 3080Ti FTW3 Ultra 1600P2
Save $$$ @EVGA.com use ANYONE's Associate code @ checkout --> Even if your an Associate You can SAVE (on most items) 3% - 10% Depends on item

Nereus
Captain Goodvibes
  • Total Posts : 17941
  • Reward points : 0
  • Joined: 2009/04/09 20:05:53
  • Location: Brooklyn, NYC.
  • Status: online
  • Ribbons : 58
Re: Gas Prices / Also your prediction on prices in the future 2022/07/07 07:57:44 (permalink)
 
LMAO @ POTUS saying gas stations have to lower their prices. He really has no clue at all. Not a one.
 
 

ASSOCIATE CODE CSKKXUT5Q9GVAFR FOR UP TO 10% DISCOUNT ON EVGA.COM PURCHASES! [DETAILS]

  BUILD 1 2   |   MINI-ITX BUILD   |   MODSRIGS $1K WIN   |   HEATWARE

austin86
FTW Member
  • Total Posts : 1008
  • Reward points : 0
  • Joined: 2021/05/11 07:01:25
  • Status: offline
  • Ribbons : 3
Re: Gas Prices / Also your prediction on prices in the future 2022/07/07 08:03:01 (permalink)
Nereus
 
LMAO @ POTUS saying gas stations have to lower their prices. He really has no clue at all. Not a one.
 
 


lol what? Gas stations make almost nothing off gas sales. Lowering them would put them in the hole. Start at the top not the bottom.


Asus CSM b660, 16gb 3200mhz ddr4, 12100f, 980ti
X58 Classy3, 6gb 2000mhz cl8 ddr3, 990x, GTX285 sli
Abit BX133 raid, 256mb PC133, 1ghz Piii, voodoo1+MX440
 
Delirious
EVGA Forum Moderator
  • Total Posts : 16488
  • Reward points : 0
  • Joined: 2007/11/15 13:34:04
  • Location: at my computer
  • Status: online
  • Ribbons : 61
Re: Gas Prices / Also your prediction on prices in the future 2022/07/08 23:36:36 (permalink)
Four fifty

"Be quick to listen, slow to speak and slow to anger" 
Affiliate Code XZUMV9TJW5
Associate Code: 7PM43CU71IB2IAP
education may be expensive but wait until you get the bill for ignorance
A wise man once said that we can't make anyone feel or do anything. We can throw things into the wind, but it's up to each person to decide how they want to react, where they want to stand when things fall.
Cool GTX
EVGA Forum Moderator
  • Total Posts : 28648
  • Reward points : 0
  • Joined: 2010/12/12 14:22:25
  • Location: Folding for the Greater Good
  • Status: offline
  • Ribbons : 120
Re: Gas Prices / Also your prediction on prices in the future 2022/07/14 06:56:30 (permalink)
Shell Regular ... in NC priced @ $4.249/gallon ... but with Shell dining Rewards I got it @ $3.599/gallon - for 1 tank of fuel
 
Shell Regular ... in VA priced @ $4.409/gallon  - I paid $4.359 near I95
 
"normal Shell - gold rewards level" is save $0.05/gallon any day

Learn your way around the EVGA Forums, Rules & limits on new accounts Ultimate Self-Starter Thread For New Members I am a Volunteer Moderator not an EVGA employee
RTX Project EVGA X99 FTWK 2xEVGA2080Ti EVGA1200P2  Nibbler EVGA X99 Classified EVGA 3080Ti FTW3 Ultra 1600P2
Save $$$ @EVGA.com use ANYONE's Associate code @ checkout --> Even if your an Associate You can SAVE (on most items) 3% - 10% Depends on item

austin86
FTW Member
  • Total Posts : 1008
  • Reward points : 0
  • Joined: 2021/05/11 07:01:25
  • Status: offline
  • Ribbons : 3
Re: Gas Prices / Also your prediction on prices in the future 2022/07/15 06:20:35 (permalink)
4.18 for reg here. not sure about e15.


Asus CSM b660, 16gb 3200mhz ddr4, 12100f, 980ti
X58 Classy3, 6gb 2000mhz cl8 ddr3, 990x, GTX285 sli
Abit BX133 raid, 256mb PC133, 1ghz Piii, voodoo1+MX440
 
STR1D3R_2
FTW Member
  • Total Posts : 1428
  • Reward points : 0
  • Joined: 2017/09/15 16:13:53
  • Location: Hudson Valley NY
  • Status: offline
  • Ribbons : 11
Re: Gas Prices / Also your prediction on prices in the future 2022/07/15 15:32:57 (permalink)
                  Do you remember this?
 

                         
                          I sure do.


Affiliate code E1HEL4HYPS
Cool GTX
EVGA Forum Moderator
  • Total Posts : 28648
  • Reward points : 0
  • Joined: 2010/12/12 14:22:25
  • Location: Folding for the Greater Good
  • Status: offline
  • Ribbons : 120
Re: Gas Prices / Also your prediction on prices in the future 2022/07/15 16:21:08 (permalink)
This Week In Petroleum Crude Oil Section - U.S. Energy Information ... 

Interesting information - prices - reserves .....  gasoline prices are based on oil prices & reserves


Fuel prices --> https://www.eia.gov/petroleum/gasdiesel/
 
check out the graphic "cost structure" from link above, bottom of page --> What we pay for in a gallon of:
 

Learn your way around the EVGA Forums, Rules & limits on new accounts Ultimate Self-Starter Thread For New Members I am a Volunteer Moderator not an EVGA employee
RTX Project EVGA X99 FTWK 2xEVGA2080Ti EVGA1200P2  Nibbler EVGA X99 Classified EVGA 3080Ti FTW3 Ultra 1600P2
Save $$$ @EVGA.com use ANYONE's Associate code @ checkout --> Even if your an Associate You can SAVE (on most items) 3% - 10% Depends on item

XrayMan
EVGA Forum Moderator
  • Total Posts : 72410
  • Reward points : 0
  • Joined: 2006/12/14 22:10:06
  • Location: Santa Clarita, Ca.
  • Status: offline
  • Ribbons : 111
Re: Gas Prices / Also your prediction on prices in the future 2022/07/20 19:32:35 (permalink)
 
Prices have gone down a little, but I don't think it will last long.

            My Affiliate Code: 8WEQVXMCJL
 
        Associate Code: VHKH33QN4W77V6A
 
             
 
 
                  
 
 
 
          
 
   
 
           
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



 
 
 
 
 
 &nbsp
Hoggle
EVGA Forum Moderator
  • Total Posts : 8736
  • Reward points : 0
  • Joined: 2003/10/13 22:10:45
  • Location: Eugene, OR
  • Status: offline
  • Ribbons : 4
Re: Gas Prices / Also your prediction on prices in the future 2022/07/21 00:16:03 (permalink)
XrayMan
 
Prices have gone down a little, but I don't think it will last long.




I am kind of wondering if it will last because they said in June it would be worse in July since that is when the majority of summer trips happen. As we get into end of August people start back to school shopping instead of taking major vacations so hopefully, we are seeing the worst of the demand. In the fall we stop using the better burning gas that costs more that should also help lower gas prices.
post edited by Hoggle - 2022/07/21 06:50:19

Use an Associates Code & SAVE 5% - 10% on your purchase. Just click on the associates banner to save, or enter the associates code at checkout on your next purchase. If you choose to use my code I want to personally say "Thank You" for using it. 
 
 
austin86
FTW Member
  • Total Posts : 1008
  • Reward points : 0
  • Joined: 2021/05/11 07:01:25
  • Status: offline
  • Ribbons : 3
Re: Gas Prices / Also your prediction on prices in the future 2022/07/21 06:09:51 (permalink)
3.99 for reg here. Also the upside app in my area is giving around 20 cents off a gallon at most BPs some even as high as 30 cents.


Asus CSM b660, 16gb 3200mhz ddr4, 12100f, 980ti
X58 Classy3, 6gb 2000mhz cl8 ddr3, 990x, GTX285 sli
Abit BX133 raid, 256mb PC133, 1ghz Piii, voodoo1+MX440
 
Page: << < ..11 Showing page 11 of 11
Jump to:
  • Back to Mobile