Gas prices

[Leadeye]

Diesel is fuel that is mostly passed on cost wise, trucks, tractors, trains, equipment, etc. These things do a job that's billed downstream to consumers, most of whom are operating vehicles powered by gasoline. The increase in energy costs at the end of the day come out of the consumer's wallet sooner or later. People get angry sooner about a jump in gas because it's an immediate visible hit.

 

[smokingman]

This. Extra chunky. Mmmm.

Not all childhoods were equal. I had one of these.

 

[Leadeye]

Insanity.
China eased lock down measures today(11/11/2022). ALL commodities are spiking.
US gasoline wholesale is already up 2.5% in pre market trading. Crude up over 3%

Commodities Futures Prices - Investing.com

Real time streaming commodity prices for the top commodities futures (Gold, Crude Oil and many more).

www.investing.com

I am starting to wonder if inflation is the actual goal. It would make sense(inflate away the debt,it only impoverishes the peasants is how some of them think).

The USD index...WOW! Fell from 110 yesterday to 106 today and is still going down pre market opening. Someone is selling a ton of US treasuries. I mean hundreds of billions. Japan and Saudi Arabia have been selling tens of billions for months and did not nothing to stop the USD index from going up. It has to be a very large or coordinated dump.

US Dollar Index (USDX) - Investing.com

Our interactive US Dollar Index (USDX) chart shows you the live price of the US Dollar index as well as the top analysis, news, historical data and more.

www.investing.com

Inflation is always the goal, it's a tax that transfers value in any form from everybody to groups the government favors. When a new government spending program comes out who gets the money first? The recipients of the program get that fresh, new, undevalued dollar which after a year is worth considerably less.

You really can't escape this tax as it sucks the value out of everything regardless of it's form without having any laws passed to do it.

 

[jamil]

Not all childhoods were equal. I had one of these.
View attachment 236034

I didn't have one of those. But we consumed plenty of these growing up.

 

[hoosiersasquatch]

Diesel is fuel that is mostly passed on cost wise, trucks, tractors, trains, equipment, etc. These things do a job that's billed downstream to consumers, most of whom are operating vehicles powered by gasoline. The increase in energy costs at the end of the day come out of the consumer's wallet sooner or later. People get angry sooner about a jump in gas because it's an immediate visible hit.

Agreed, Diesel powers the work that America does, I have not seen a battery operated, truck, tractor, combine, backhoe, etc., out in the field working. If it costs the operator more, the cost will be passed on.

 

[BugI02]

What I have read indicates that when the diesel reserve goes to zero, we are not out of diesel but must rely on current refinery output only without that reserve smoothing demand spikes - and they are already running the refineries like rented power tools and exporting a lot of the diesel product to the EU

OPIS indicates large companies with broad-based contracts will be in the best shape in that environment, so the big freight companies and railroads will be able to muddle through but independents, small companies and farmers will take it in the neck

Any sane government would begin curtailing exports, but ours is not sane

 

[smokingman]

What I have read indicates that when the diesel reserve goes to zero, we are not out of diesel but must rely on current refinery output only without that reserve smoothing demand spikes - and they are already running the refineries like rented power tools and exporting a lot of the diesel product to the EU

OPIS indicates large companies with broad-based contracts will be in the best shape in that environment, so the big freight companies and railroads will be able to muddle through but independents, small companies and farmers will take it in the neck

Any sane government would begin curtailing exports, but ours is not sane

Today. 11/11/2022

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

The reserve includes all storage and delivery terminals. With the supply we have now those delivery terminals do not have enough to meet supply demands(hence shortages and outages).
So it is more complicated than supply and demand and being out. Our export terminals seem to always be full though....

 

[buckwacker]

What I have read indicates that when the diesel reserve goes to zero, we are not out of diesel but must rely on current refinery output only without that reserve smoothing demand spikes - and they are already running the refineries like rented power tools and exporting a lot of the diesel product to the EU

OPIS indicates large companies with broad-based contracts will be in the best shape in that environment, so the big freight companies and railroads will be able to muddle through but independents, small companies and farmers will take it in the neck

Any sane government would begin curtailing exports, but ours is not sane

Do you think farms have diesel contracts. Who will grow food?

 

[1DOWN4UP]

 

[BugI02]

Do you think farms have diesel contracts. Who will grow food?

No one is thinking that far ahead. Net Zero or Defeat Russia are the only shiny objects they can see

Notice that all the bad policies 0Biden implements/supports disproportionately affect little people/small business, and I don't think that is an accident

 

[Ingomike]

I have an uncontrollable urge to say some here voted for this…

 

[DadSmith]

I have an uncontrollable urge to say some here voted for this…

Some here that probably voted for this, and are in the closet about it.

 

[actaeon277]

 

[bwframe]

Indiana seeing highest December gasoline use tax on record

Indiana is set to see the highest December gasoline use tax on record, but signs indicate there may be some relief at the pump.

www.wane.com

What a high gas tax means for Hoosiers

Indiana is set to have its highest gas tax yet. So what does this mean for Hoosiers at the pump? The December gas use tax calculation released by the Indiana Department of Revenue says that the fuel tax is now greater than it was before 2022. With the average retail price of gasoline maintaining...

www.953mnc.com

Strange that it's the dems calling for a gas tax suspension!

Indiana Dems renew call for suspension of gas tax as prices rises

(The Center Square) — Indiana’s Gasoline Usage Tax increased to 23.1 cents this week, bringing the total tax per gallon of gas paid by Hoosiers to a record high of

www.thecentersquare.com

 

[Leo]

I was in Missouri last week. Gas was $3.25 to $3.35 all the way across the State. The same in Kansas. Returning home, IL was $4 and when we hit the Indiana line it was $4.58.

 

[bwframe]

I was in Missouri last week. Gas was $3.25 to $3.35 all the way across the State. The same in Kansas. Returning home, IL was $4 and when we hit the Indiana like it was $4.58.

As of late, if you listen to news reports much on gas prices, it seems odd that the price at the pump here is way higher than the national average.

We need to rattle the cage here at home. The RINO's have been sneaking taxes in on us ever since we allowed that snake Holcomb in. We need to reel that back in.


.

 

[smokingman]

I was in Missouri last week. Gas was $3.25 to $3.35 all the way across the State. The same in Kansas. Returning home, IL was $4 and when we hit the Indiana like it was $4.58.

We have just two active refineries in our state. One in Whitting(touches Chicago) and one in the souther tip city of Vernon.
Whitting was shut down due to a fire in August (400k barrels of gasoline a day,a large percentage of Indiana's supply). I am unsure if it is back up and fully operational as even the BP site has no information. The good news is the forbes article says it is not impacting prices rofl.

Energy Emergencies Declared After BP Refinery Fire In Indiana

The largest oil refinery in the Midwest has been shut down, but there's no sign of an immediate impact on gas prices.

www.forbes.com

 

[smokingman]

As of late, if you listen to news reports much on gas prices, it seems odd that the price at the pump here is way higher than the national average.

We need to rattle the cage here at home. The RINO's have been sneaking taxes in on us ever since we allowed that snake Holcomb in. We need to reel that back in.


.

See post above my reply.

 

[Ingomike]

If the taxes are the problem, why were they not a problem before bidet wrecked the economy and energy sector? Have there been increases in the taxes recently?

 

[DoggyDaddy]

If the taxes are the problem, why were they not a problem before bidet wrecked the economy and energy sector? Have there been increases in the taxes recently?

Yes. See post #1834.