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(MSN)   Hey California, you may be paying $4 for gas by May   ( msn.com) divider line
    More: Misc, Petroleum, Bloomberg LP Fueling, gasoline, expensive gasoline, oil markets rally, pump prices, demand-heavy summer driving, additional state taxes  
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959 clicks; posted to Business » on 02 Feb 2018 at 9:44 AM (24 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



39 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
ZAZ [TotalFark]
2018-02-02 08:26:33 AM  
Most expensive gas I ever bought was $5 per gallon in or near Bridgeport, California on the back side of the Sierra Nevada.
 
2018-02-02 10:03:29 AM  

ZAZ: Most expensive gas I ever bought was $5 per gallon in or near Bridgeport, California on the back side of the Sierra Nevada.


We need to add 1.75 in taxes per gallon of gasoline. 1.82 for diesel.

Hate on me all you want. You know it to be true.
 
2018-02-02 10:04:02 AM  

ptelg: ZAZ: Most expensive gas I ever bought was $5 per gallon in or near Bridgeport, California on the back side of the Sierra Nevada.

We need to add 1.75 in taxes per gallon of gasoline. 1.82 for diesel.

Hate on me all you want. You know it to be true.


Not replying to you, don't know what happened.
 
2018-02-02 10:11:04 AM  
Gasoline prices should be at least 4x higher than what it costs now.  Raise taxes.
 
2018-02-02 10:12:23 AM  

God_Almighty_Himself: Gasoline prices should be at least 4x higher than what it costs now.  Raise taxes.


Naw only 50%
 
2018-02-02 10:19:00 AM  
Total?
 
2018-02-02 10:23:53 AM  
Petroleum is $64 per barrel. It was around $40 fifteen months ago. That glowing orb that Trump touched in Saudi Arabia on his first overseas visit as President is doing its job.
 
2018-02-02 10:29:37 AM  
"currently averaging $3.30 a gallon" - 2 closest stations, $2.799
 
2018-02-02 10:56:42 AM  

Buckerlin: Petroleum is $64 per barrel. It was around $40 fifteen months ago. That glowing orb that Trump touched in Saudi Arabia on his first overseas visit as President is doing its job.


Indeed..

cdn1.sportngin.comView Full Size
 
2018-02-02 11:19:16 AM  
God_Almighty_Himself

Gasoline prices should be at least 4x higher than what it costs now. Raise taxes.

Why? Seriously why increase taxes, what good does that do?
 
2018-02-02 11:19:32 AM  
Paid $3.16 this morning @ Costco
 
2018-02-02 11:20:31 AM  
Once that Keystone XL gets approved, gasoline is going to be so cheap that Exxon is going to buy everyone a Ferrari just to burn it all. Not to mention the 300 million jobs it will create.
 
2018-02-02 11:29:09 AM  
It's starting to feel like 2008 all over again, in more ways than one.
 
2018-02-02 11:33:29 AM  
Good.  Means less cars on the road.  Less people buying big ass honkin' cars.
Bad.  Has a negative effect on the poor.
I paid $3.49 yesterday.  Only because I prefer to keep my taxes in my town and I'm too lazy to save $5 on a fill-up.
 
2018-02-02 11:38:34 AM  
TomDooley

Good. Means less cars on the road. Less people buying big ass honkin' cars.

No it does not

Bad. Has a negative effect on the poor.

And the economy in general as everything costs more, less expendable income.

I paid $3.49 yesterday. Only because I prefer to keep my taxes in my town and I'm too lazy to save $5 on a fill-up.

Yeah, driving 5 miles or so to save a few bucks is not cost effective in the long run.
 
2018-02-02 11:49:18 AM  
But...I purposely voted for Trump so he could destroy the environment for cheaper gasoline! Ugh!
 
2018-02-02 12:15:54 PM  
Guess maybe they shouldn't have bought all those V16 Chevy Surburbans. But hey, who could have seen higher gas prices coming?
 
2018-02-02 12:37:48 PM  
$2.17 today

/Texas
 
2018-02-02 12:42:04 PM  
But hey, our vehicle registration fees went up too, so we got that going on for us...

/anybody that thinks this is a good thing needs to be farked with a rusty saw blade
 
2018-02-02 01:36:05 PM  
Nothing new, been there and done that for a stretch of several years.

I've been keeping track of my fill-ups since 2016.

img.fark.netView Full Size


// my old car and current car both take premium, so these prices are 10 cents more than the price for regular.
 
2018-02-02 01:36:28 PM  
at least our air and water are cleaner than yours
 
2018-02-02 02:01:52 PM  
Tax hikes will do that to ya.  Already over $4 around Anza
 
2018-02-02 02:43:45 PM  
Already are?
Prices dropped but the increase in taxes made up for it.
 
2018-02-02 02:53:19 PM  
Elon Musk laughs at your high gas prices.
 
2018-02-02 04:10:04 PM  
Wait, you mean they aren't already paying $4/gal for gas?
 
jvl [BareFark]
2018-02-02 04:22:09 PM  

ZAZ: Most expensive gas I ever bought was $5 per gallon in or near Bridgeport, California on the back side of the Sierra Nevada.


Oh dude. Topaz has a Native American gas station that's reasonably cheap.
 
2018-02-02 04:25:45 PM  

Random Anonymous Blackmail: TomDooley

> Good. Means less cars on the road. Less people buying big ass honkin' cars.

No it does not

> Bad. Has a negative effect on the poor.

And the economy in general as everything costs more, less expendable income.

> I paid $3.49 yesterday. Only because I prefer to keep my taxes in my town and I'm too lazy to save $5 on a fill-up.

Yeah, driving 5 miles or so to save a few bucks is not cost effective in the long run.


I remember a couple of gasoline panics last decade that sent prices skyrocketing.  During those times, the local freeways were about as clear as they usually are on bank holidays.  So higher prices can mean fewer drivers.

As to the cost on the economy, it is complicated.  Once fuel prices rise above a point, other types of fuel and methods of transportation become more competitive and an economic cost ceiling comes into play.  There are also other health and safety factors that start to kick in that reduce economic costs elsewhere.  Higher taxes also insulate a country from price shocks when raw material prices spike since they're a smaller part of the total cost.

The average price of fuel in the US is around 75¢ per liter ($2.84/gal).  I would be fine if it rose to $1.10 per liter ($4.16/gal), which is roughly the average price that Canadians and Australians pay.  I don't see their economies hurting because of that price.
 
2018-02-02 05:11:27 PM  

lordargent: Nothing new, been there and done that for a stretch of several years.

I've been keeping track of my fill-ups since 2016.

[img.fark.net image 850x410]

// my old car and current car both take premium, so these prices are 10 cents more than the price for regular.


charts.gasbuddy.comView Full Size
 
2018-02-02 06:32:42 PM  

germ78: Wait, you mean they aren't already paying $4/gal for gas?


There's one station near me here in Oakland that consistently overcharges compared to the ones near it (but further from the freeway on-ramp). I think it's around the high threes right now.

San Francisco probably has a few low 4.00's.
 
2018-02-02 07:21:31 PM  

ptelg: God_Almighty_Himself: Gasoline prices should be at least 4x higher than what it costs now.  Raise taxes.

Naw only 50%


I always read that gas prices "should" be higher, because "externalities" and yet nobody who claims this has any idea how much higher. They just think externalities are a magic word that they can throw around.

So, a while ago, I went and found an estimate of how much global warming* is expected to cost per year, in a few decades from now, from a major environmental organization (The NRDC IIRC, not some right wing think tank). And I divided that by fuel production to get how much gas "should" cost. Surprisingly, it wasn't all that high, although it was higher than today's US gas prices. I believe it was somewhere between 50% and 100% more expensive. Not 4x anyway. Gas in the UK averages something like US$7 per gallon if I converted correctly. So I believe Europeans are actually accounting for the externalities and then some.

*Yes, I know there are other externalities, but global warming dwarfs the rest.
 
2018-02-02 09:30:37 PM  

Dinjiin: Random Anonymous Blackmail: TomDooley

> Good. Means less cars on the road. Less people buying big ass honkin' cars.

No it does not

> Bad. Has a negative effect on the poor.

And the economy in general as everything costs more, less expendable income.

> I paid $3.49 yesterday. Only because I prefer to keep my taxes in my town and I'm too lazy to save $5 on a fill-up.

Yeah, driving 5 miles or so to save a few bucks is not cost effective in the long run.

I remember a couple of gasoline panics last decade that sent prices skyrocketing.  During those times, the local freeways were about as clear as they usually are on bank holidays.  So higher prices can mean fewer drivers.

As to the cost on the economy, it is complicated.  Once fuel prices rise above a point, other types of fuel and methods of transportation become more competitive and an economic cost ceiling comes into play.  There are also other health and safety factors that start to kick in that reduce economic costs elsewhere.  Higher taxes also insulate a country from price shocks when raw material prices spike since they're a smaller part of the total cost.

The average price of fuel in the US is around 75¢ per liter ($2.84/gal).  I would be fine if it rose to $1.10 per liter ($4.16/gal), which is roughly the average price that Canadians and Australians pay.  I don't see their economies hurting because of that price.


$1.10 per litre?! Christ,  I wish.

$1.479 today out here in Vancouver. Which is what I remember it being when oil was $200 a barrel.
 
2018-02-02 10:29:01 PM  
Well, we were in the market for a hybrid anyway. . . 

/McD's gives auto loan perks. Who knew?
 
2018-02-02 11:44:27 PM  
Doesn't directly affect me much. I don't burn much gasoline. A tank-full/month is about it.
Indirect effects may be more significant.

/Time will tell.
//shiat will smell.
///Water will seek its own level.
 
2018-02-02 11:50:43 PM  

SwiftFox: "currently averaging $3.30 a gallon" - 2 closest stations, $2.799


Damn, I had to bust out the calculator for that one. That comes to $10,243.25
 
2018-02-02 11:57:27 PM  

chevydeuce: But hey, our vehicle registration fees went up too, so we got that going on for us...

/anybody that thinks this is a good thing needs to be farked with a rusty saw blade


Stop! *sniff* you're breaking my heart.
 
2018-02-03 02:02:38 AM  

Nexzus: $1.479 today out here in Vancouver. Which is what I remember it being when oil was $200 a barrel.


AFAICT, Vancouver is the most expensive major city for fuel in the country.  The lowest price appears to be C$1.009/L at Costco in Regina.  Only C$0.98/L ($US0.79/L) across the border in Blaine.
 
2018-02-03 02:49:03 AM  

itcamefromschenectady: ptelg: God_Almighty_Himself: Gasoline prices should be at least 4x higher than what it costs now.  Raise taxes.

Naw only 50%

I always read that gas prices "should" be higher, because "externalities" and yet nobody who claims this has any idea how much higher. They just think externalities are a magic word that they can throw around.

So, a while ago, I went and found an estimate of how much global warming* is expected to cost per year, in a few decades from now, from a major environmental organization (The NRDC IIRC, not some right wing think tank). And I divided that by fuel production to get how much gas "should" cost. Surprisingly, it wasn't all that high, although it was higher than today's US gas prices. I believe it was somewhere between 50% and 100% more expensive. Not 4x anyway. Gas in the UK averages something like US$7 per gallon if I converted correctly. So I believe Europeans are actually accounting for the externalities and then some.

*Yes, I know there are other externalities, but global warming dwarfs the rest.


Yes certainly. 1.25 for carbon, .25 for road use, .25 for medical costs such as traffic accidents.
 
2018-02-03 06:57:14 AM  

Random Anonymous Blackmail: God_Almighty_Himself

Gasoline prices should be at least 4x higher than what it costs now. Raise taxes.

Why? Seriously why increase taxes, what good does that do?


Two reasons: reduce unnecessary use of fossil fuels, and to invest in green technologies to wean us off of them.
 
2018-02-03 10:57:08 AM  

ZAZ: Most expensive gas I ever bought was $5 per gallon in or near Bridgeport, California on the back side of the Sierra Nevada.


It was almost that price just yesterday when I drove through Bridgeport.

Also, we've regularly paid ~$4 a gallon for gas here in LA, so this is not really a big deal.
 
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