Gas prices 2019 and beyond

[wader]

Gas shortage could last 'weeks' despite Colonial Pipeline restart: expert

Despite the Colonial Pipeline system getting back online, motorists are still draining gas stations, and it may take ‘weeks’ until gasoline supply returns to normal, warns GasBuddy’s senior petroleum analyst Patrick De Haan.

www.yahoo.com

Despite the Colonial Pipeline system getting back online, motorists are still draining gas stations, and it may take "weeks" until gasoline supply returns to normal, warns GasBuddy’s senior petroleum analyst Patrick De Haan.

“This situation has spiraled out of control,” De Haan told Yahoo Finance Live. “It's kind of like a game of whack-a-mole where stations fill up their inventories, and then people decimate the inventory. I don't think that's going to stop for a week, maybe two weeks, and then fully back to normal in three to four weeks.”

The Colonial Pipeline system, which is the primary gasoline, diesel, and jet fuel pipeline serving the East Coast, initiated the restart of operations Wednesday around 5 p.m. ET, but warned in a statement that some markets could experience “intermittent service interruptions during the start-up period.”

As of Thursday morning, nearly three-quarters of gasoline stations in North Carolina were out of gasoline, according to GasBuddy, while about half in Virginia, Georgia and South Carolina ran dry.

De Haan warns those numbers may drift higher over the next 48 hours before starting to retreat.

 

[movetheboat]

We don't have that problem up here in civilization!!

 

[wader]

We don't have that problem up here in civilization!!

good for you

 

[JackPrintMD]

I know of a certain someone who would have never allowed this and other things going on.

Someone must be sleepy at the Helm.

 

[movetheboat]

good for you

carry on!!

 

[JackPrintMD]

I knew I would catch a WHOPPER wit that bait.

 

[JackPrintMD]

Sleepy Joe had a press conference stating The Russian Government had nothing to do with the pipeline hack however Criminal organizations within Russia have done this.

Everyone knows the Russian Government contracts organized crime to do much of its dirty work.

 

[movetheboat]

Just stocking up @barstooldmv (via @bmrtwins1) | By Barstool Sports | Facebook

fb.watch

 

[WhatKnot]

It appears that Colonial paid 5 million in ransom.

 

[jpd]

Funny how that works....

Memorial Day gas prices expected to be highest since 2014: AAA​

 

[live bait]

$2.95 Gas & $3.15 diesel in Riverhead yesterday, when is someone going to post that's it's coming down,
John

 

[longcast]

Just heard highest since 2014. And still climbing!

 

[JackPrintMD]

Thanks to the powers behind the curtain I hear home fuel oil to go over $4 dollars this winter.

Or is all this just Malarkey.

let’s ask Joe.

 

[longcast]

Thanks to the powers behind the curtain I hear home fuel oil to go over $4 dollars this winter.

Or is all this just Malarkey.

let’s ask Joe.

Heard the same, possibly higher!

 

[movetheboat]

when IRAN starts selling their oil, prices will drop for fuel...

If you check the history of gasoline prices at the U.S. Energy Information Administration's (EIA) website you can see that gasoline prices almost always rise between January and May. In fact, this happens about 90% of the time.

so you will get your 10 cents back soon ...meanwhile don't buY pick-ups if you can't afford gasoline HEHE!!

I personally don't care if it goes SKY HIGH....I will make more than what I lose at the pump

and that's all I GOT TO SAY ABOUT THAT!! HAVE FUN!!

 

[JackPrintMD]

when IRAN starts selling their oil, prices will drop for fuel...

If you check the history of gasoline prices at the U.S. Energy Information Administration's (EIA) website you can see that gasoline prices almost always rise between January and May. In fact, this happens about 90% of the time.

so you will get your 10 cents back soon ...meanwhile don't buY pick-ups if you can't afford gasoline HEHE!!

I personally don't care if it goes SKY HIGH....I will make more than what I lose at the pump

and that's all I GOT TO SAY ABOUT THAT!! HAVE FUN!!

Ah BS

Your a Billion $ barrel trader, i dont think so.

We dont need Iran to bring relief out of our pockets and budgets , we need our own pipeline and fuel to flow.
Someone was working on that and things were good for us but others with special interests were losing their bribe funds...... and you support this? Whacko.
Go to bed.

 

[JackPrintMD]

The average Iranian pays 27 cents a gallon in iran for gas..........

‘’that should and could be us if we were for the people but now it’s all about , screw the people

 

[tonyzfishin]

2.83$ cash was the price i paid yesterday in central NJ

 

[movetheboat]

Ah BS

Your a Billion $ barrel trader, i dont think so.

We dont need Iran to bring relief out of our pockets and budgets , we need our own pipeline and fuel to flow.
Someone was working on that and things were good for us but others with special interests were losing their bribe funds...... and you support this? Whacko.
Go to bed.

why Jacko Is that nice? We export oil thanks to legislation 7 or so years ago thanks to "somebody"........the pipeline is a pipe job...Our gasoline is much cheaper than the other western developed countries.....we bareley touched 3.00 and are at the PEAK of the year and the $60,000 pick up crowd are crying.....like I said go put some dough in an energy fund if you think this is gonna blow the roof off......and why you calling me a whacko? was that the colt 45 talking? lol

 

[Roccus7]

Our gasoline is much cheaper than the other western developed countries...

C'mon Gene, you know you're stretching things there. Your statement is true, BUT a major factor for that is that which you didn't state is that we don't tax gasoline as heavily as other countries.

As a rule, even though we moan and piss about high taxes, we Americans really don't know what high taxes are. Live in Europe for a year or two and you're appreciate what we have. And yes, I'm a huge moaner and pisser about taxes, but at least I recognize how good we have it.

For the analysis below I just multiplied the price per liter by 4, didn't want to do the exact calculation to correct for the fact that 4 liters = 1.057 gallons.

Look at Canada, lots of oil, some refining capacity, but the price of gasoline is ~$4.80 (USD). I bet the COVID border closure is a boon for Canadian gas stations on the border, and a bust for ours on the border...

Norway, lots of oil, not sure about refineries, ~$8.00 per gallon

UK, good oil pumping, not sure about refineries, ~$7.20 per gallon

I could go on, but I've got better things to do...