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Originally Posted by Judge Smails
(Post 4031338)
The national average for regular is $4.45. Diesel is $5.64. Where your in-laws live is not the norm.
Cali and Alaska pull national average up and there is no way for a gulf coast or midwest sate to offset that. Easy to disproportionally have higher prices, not easy to have disproportionally lower prices to offset an average. |
Originally Posted by OpieTaylor
(Post 4031361)
Probably 40 states have an average price below the national average.
Cali and Alaska pull national average up and there is no way for a gulf coast or midwest sate to offset that. CA, HI and AK skew the prices horribly. Median price would be better. HI and AK have logistics issues getting fuel there (shipping costs are nuts). CA is self inflicted. |
Originally Posted by vaksedtothemax
(Post 4031286)
$7 diesel…. What State do you live in. Where Im at on these days off, diesel is $2.00 less than that. Where my wife’s folks live, price for 87 OCT is $3.79. What’s the price where you’re at?
I posted this before, if you eliminate CA from the equation, West Coast average prices immediately drop $0.40. |
Originally Posted by OpieTaylor
(Post 4031361)
Probably 40 states have an average price below the national average.
Cali and Alaska pull national average up and there is no way for a gulf coast or midwest sate to offset that. Easy to disproportionally have higher prices, not easy to have disproportionally lower prices to offset an average. |
Originally Posted by vaksedtothemax
(Post 4031264)
I’ve already said in the 61 day June/July timeframe. My prediction, oil will be in the $70’s sometime in June or July. Gas, which is always slower, who knows. In CA it will be slow as molasses to come down because, well, we all know why….. Oklahoma, it’ll be back to the low $2.00 much quicker.
answer this question… when does oil hit $150, furloughs occur and a/c deliveries get cancelled.. that was some of the narrative when this thread started. Oil hits $150 this summer. $200 possibly by year end |
Originally Posted by vaksedtothemax
(Post 4031264)
I’ve already said in the 61 day June/July timeframe. My prediction, oil will be in the $70’s sometime in June or July. Gas, which is always slower, who knows. In CA it will be slow as molasses to come down because, well, we all know why….. Oklahoma, it’ll be back to the low $2.00 much quicker.
answer this question… when does oil hit $150, furloughs occur and a/c deliveries get cancelled.. that was some of the narrative when this thread started. |
Originally Posted by CX500T
(Post 4031362)
I live in a non cheap state (NJ) where we can't even pump our own gas, and today I paid $5.06 for Diesel at the Speedway less than 2 miles from EWR. Yesterday I filled the wife's car for like $4.24 (87 octane)
CA, HI and AK skew the prices horribly. Median price would be better. HI and AK have logistics issues getting fuel there (shipping costs are nuts). CA is self inflicted. |
Originally Posted by Lowslung
(Post 4031399)
Oil has been marching steadily higher since the war began. The world is only just now beginning to experience the consequences of shutting down the straight. It takes weeks for tankers to cross the ocean. The real question that needs to be answered is; when do prices reverse course? If the straight opens today, it’s months to get ships back into position & we don’t have a ton of information about how much infrastructure has been destroyed or damaged or how long repairs will take. Not sure on what planet oil prices will be $70 by July.
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Originally Posted by Judge Smails
(Post 4031383)
Whatever. There’s different ways to argue this. The very simple point is the cost of filling up has risen substantially as a direct result of our Presidents unilateral actions.
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Originally Posted by Trip7
(Post 4031387)
Pentagon estimates at least 6 months to claim the Strait of Hormuz from mines. ZERO chance oil is in the $70s in June or July. ZERO CHANCE. Oil and it's Refined Products will remain higher for the foreseeable future
Oil hits $150 this summer. $200 possibly by year end mine is “in the $70’s, not $70.” All it’s going to take is some SoH announcement that will have an immediate 15% drop, again, just like last month. Ships are already heading to our Gulf of America ports. When the SoH is fully functional that will just add to the return of oil to markets. Between both locations, the rebound will be quick. |
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