CHAT Effects of Iran war … how fast gas prices going up in your area
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Scrapman
Veteran Member
It's about to get worse, gas at rez was 4.49 that's 20 cents more than outside the rez . Usually 50 cents lower. I ask guy what that's about and he told me they had just got a delivery that morning at new prices.
If you do the math the next couple of days your going to see close to 5.00 gas here in western ny.
If you do the math the next couple of days your going to see close to 5.00 gas here in western ny.
ainitfunny
Saved, to glorify God.
I dont know about GAS, but the big box (175 pieces) of wrapped York Peppermint Patties went from
$24 in March to $47 in April!!
I'm 81, in a power chair, and too disabled to drive.
$24 in March to $47 in April!!
I'm 81, in a power chair, and too disabled to drive.
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Greatgrandad
Veteran Member
Not directly about the current "fuel" price, but I just read a study that stated at the "current" increased price of oil and petrochemicals has caused the average annual increase in costs per household to around $2,000. They stressed that increase is only the petro input increases and does not reflect additional production, manufacturing and transport costs that will drive household costs even higher.
Vegas321
Live free and survive
I was thinking about people who want to take long RV trips this summer. Don't think that will work very well.
Better to stay closer to home.
King Samson
I'm Here
Yeah, it was a bit painful. And what were the odds, the prices jump up a month before we go...
Filling up every 300 miles (sometimes once a day), with 40 gallons, was around $150 each time. And I think I filled up 8 or 9 times....
Oh well....that's the cost of living in a free country....
I got a few friends in the Old Forge area, and their business only survive during tourist season. Right now they are shaking in their boots if fuel keeps continuing to rise. I know of a gal that owns a BnB up there and she's already had a list of cancellations, some even out to the Fall months. Not looking good for those folks.
Greatgrandad
Veteran Member
Very similar around this area, for many of these mountain small towns and areas are heavily dependent on tourism with numerous places for travel trailers, campers and motor homes. Because of Covid, many people either expanded their current camp lots, water and sewer connections and electric hookups, or several land owners newly developed some of their property for the first time. Most did so via loans. Now after a poor ski season, they are very worried the out-of-state tourist are cancelling and more is expected.
The impacts to these small mountain towns will be huge.
King Samson
I'm Here
Link??
King Samson
I'm Here
Everything needs to be kept in accurate perspective, and not get sucked into the narrative currently being pushed by the Liberal media.
Gas costs (overall, and not just the recent rise) is a small part of most people's budget. Maybe focus should be on the high percentage areas?
$500 more PER YEAR, is only $10 a WEEK.... Many people blow more than that on Starbucks or bottled water, each week.
Gas costs (overall, and not just the recent rise) is a small part of most people's budget. Maybe focus should be on the high percentage areas?
Now do the math with this article:
Will Americans really pay $500 more for gas this year?
Democrats running for reelection this year say President Donald Trump’s actions are hurting Americans’ wallets, with gasoline prices soaring since the U.S. and Israel attacked Iran.
“At a buck a gallon, every American driver is going to pay $500 more in gasoline prices at the pump this year,” Sen. Edward Markey, D-Mass., said March 20 on CNN.
Gasoline prices rose from an average national price under $3 a gallon before the Feb. 28 attack on Iran to almost $4 per gallon now, according to the GasBuddy gas price app.
A Markey spokesperson said if gasoline is $1 per gallon more than it was before the war and that trend persists, a household purchasing roughly 10 gallons a week or about 500 gallons for the year would pay $500 more.
Will Americans really pay $500 more for gas this year? It depends. - Poynter
War-driven price spikes could cost households hundreds more, but the impact varies widely by driver and locationwww.poynter.org
$500 more PER YEAR, is only $10 a WEEK.... Many people blow more than that on Starbucks or bottled water, each week.
So that is just for direct gasoline costs. What about the the impacts of additional transportation to for food and other goods? Additional heating costs? Potential increased electricity and other utilities? What does that add to your estimate?
Still untrue.
ECON - Gas is $4.99 here in NW Ohio!
obstensibly it IS Trump's (and Israel's) war. They pulled the trigger, they mismanaged it and they are causing the biggest oil shock to the global economy in the history of man. You are ignoring global realpolitik. But I expect no better from the likes of you, Mr. Chamberlain, or may I call...
MASSIVE
Greatgrandad
Veteran Member
While this thread is about "fuel" prices related to the increase in oil and nat gas related to the Iran war, one must always remember oil and petrochemicals are in most everything in our modern life. Therefore, there are numerous hidden cost "increases" that may not be as obvious as the daily gas/diesel prices we see. All these price increases add to the burdens of annual household costs.
"More than 6,000 everyday products are manufactured using oil and petrochemicals, making them vital to modern life, from clothing and pharmaceuticals to plastics and electronics. These items, often called petro-products, are derived from petroleum-based chemicals that fuel, clothe, and provide materials for countless industries."
This morning, our local reg gas price rose again from just two days ago and is now $4.39 with diesel at $5.59, but another station a few miles away is 20 cents higher.
"More than 6,000 everyday products are manufactured using oil and petrochemicals, making them vital to modern life, from clothing and pharmaceuticals to plastics and electronics. These items, often called petro-products, are derived from petroleum-based chemicals that fuel, clothe, and provide materials for countless industries."
This morning, our local reg gas price rose again from just two days ago and is now $4.39 with diesel at $5.59, but another station a few miles away is 20 cents higher.
King Samson
I'm Here
All of those were going up, double digits, LAST year, when gas was in the $2's.... What do you attribute that to?
King Samson
I'm Here
So, you're disagreeing that the increase in gas prices are just a small part of the monthly budget, like in the chart? If so, show me the real percentages.
Or, just continue your complaining about Trump..... Your choice.
Absolutely, and you know they contribute to most of the monthly expenses either directly (cost of gasoline for personal transport and nat. gas for heating/cooking) or indirectly.
This is summarized in the percentage of petroleum based products like oil and gas. When the price goes up with those products it effects everything.
For transportation, petroleum based costs attribute for 90% of costs. This is all of the transportation of goods and services from production, processing/manufacturing, to market. These costs are a signicant portion of the increasing inflation and overall costs as those expenses are passed on to the consumer.
For housing, there is a moderate direct cost for utilities, approximately 5-15% of total housing costs. Indirect costs include mortgage rates (increased price of energy leads to inflation and higher interest rates) maintenance, insurance and services costs.
Food has lower direct cost increases with Fertilizer (currently significantly effected with loss of gulf production), Diesel, and processing/refrigeration. 10-30% of food costs are linked directly to energy cost for fertilizer, logistics, and processing.
The industrial/manufacturing costs have higher embedded energy costs typically 10-30% for chemicals, nat gas and petroleum inputs. These are directly passed along to consumers.
Because of the volatility of energy costs they are frequently removed from government inflation measures--i.e "core inflation". When the price of energy goes higher--which is driven by oil and nat gas--the price of everything goes higher.
You didn’t answer my question
King Samson
I'm Here
I did. I answered that the increase prices in all your areas wasn't attributed to the rise in gas prices the past month, since gas prices were low, and those prices still went up besides that fact.
Great Northwet
Veteran Member
Just gassed up at $5.45 but the average appears to be $5.86. Seattle.
blueinterceptor
Veteran Member
Isn’t the e85 flex fuel?
joekan
Veteran Member
Aaaand...it's up 50 cents today - $4.09. I live in the KC area
energy_wave
TB Fanatic
$4.50 now in WNY.
Masterchief117
I'm all about the doom
$3.79/gallon at the local stores six miles away from me. At a store 7 miles north of those stores, it's $3.99/gallon. This is for 87 octane unleaded with up to 10% ethanol. This is in SE Oklahoma.
Bubble Head
Has No Life - Lives on TB
Diesel hit $5.70 in Southern Colorado. My monthly propane went down .05 cents. Go figure.
WTSR
Veteran Member
yes generally (GM Marketed vehicles as Flex Fuel that can run e85) my truck comes with e15 support from the factory generally speaking it can handle up to e30 without mods. I'll let you know how it works out.
Greatgrandad
Veteran Member
Wife just came back from her appointment, and she says regular gas is now $4.52 vs $4.39 on Sunday, and diesel is now $5.75 vs $5.59 on Sunday.
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