A quart of name brand 5W30 is still about $2.25, and has not come down as crude prices have fallen. I realize that crude is just a small part of the cost of producing motor oil, but apparently it does not respond to decreases in crude prices at all.
Soon I will have to do some 0W-20 oil changes and that costs about $6 per quart.
Now you've done it! You've told him he and his ilk is part of the problem. Have you no compassion?
Your gasoline prices may have come down, but here in CA, USA, prices are up about 30 cents on a gallon, to $3+/ gallon.
I don't know why this should be with crude down. The US has just started shipping crude oil (of a particular type) outside the US where they couldn't before, so a conspiracy theorist might make something of this.
CA has its own problems though since we're isolated from the national market for part of the year.
Charles
California's problems are not because of a perceived isolation from the national market, it's because of the left wing loons that are elected by those who are lazy and have their hand out for free stuff.
On 01/06/2016 4:30 PM, Charles Bishop wrote: ...
Mostly by your own volition...changing blends mandated by CARB is the primary reason for the spikes each season as the refiners have to make the changeover; that takes 'em offline for a while. Higher actual prices is a lot based on local taxes being higher than national averages with some effect for it's just a higher COOL location and transportation.
What does government have to do with it? Have you given the government credit for lowering the price of gasoline?
The government has a lot to do with it, as dpb has pointed out farther down in this thread, relating to the higher prices in Kalifornia.
As for giving the government credit for lower gas prices isn't going to happen. The government, Obama's regime, had absolutely nothing to do with the drop in gas prices. The price of oil has dropped since June as the global oil supply exceeds demand. The glut is partly due to a recovery in Libya, as well as increased production in Saudi Arabia, Iraq, Nigeria, and Angola. The shale boom in the United States, in spite of Obama, has had a huge impact on global oil supply, as the U.S. has become the world's largest producer of liquid petroleum.
Did I get any of that wrong?
Maybe slower to react. Turn-over not as fast. You just don't drop the price on the stuff on your shelf when new comes in, you'd lose money, I guess.
CA is isolated from reality all of the year... No offense meant to you personally.
Most of that is just the hype that comes up around name brands. Yamalube is more like $8 a quart and you can get SN grade oil at the Rural King for $1.29. They make it sound like oil related failures even bump the needle on why someone gets rid of a car or an outboard. If you change it now and then and don't run out, Any API oil is as good as the next for all practical purposes.
Propane should also come down.
Greg
It has come down when bought in bulk, but those 20lb cylinders (Exchange) have remained at the exact same price (when you bring an empty tank to exchange).
Sounds about right to me. Maybe the libs can tell us what specific things Obama or the libs did to lower the price of oil? The big increases in production that have us on course to become the largest producer in the world, have been from private lands. By comparison, Obama closed off new areas in the Arctic, blocked XL, etc. And the libs have been telling us for 40 years that the US is out of oil.
With the state Obama has the Mideast in, we're lucky there is a glut of oil right now or it would be at $200 a barrel, with Saudi Arabia and Iran at each other's throats, Russian combat troops in Syria, etc.
I was at the BMW dealer this week. Guy was buying BMW oil at the parts counter, $9.50 a quart. Mobil 1 at Costco, ~$5 works for me.
I am in California. Gasoline from the northern California Shell refinery, sold by Costco, Arco, and Shell (and probably others) is as low as $2.43 at Costco (depending on the Costco). . In Sacramento, it's $2.29 .
For some reason, southern California prices are much higher. $2.79 in San Diego and $2.69 in the L.A. area .
Where are you that it is $3+?
Though that's how gas prices do work. Wholesale prices go up and you raise prices on the stuff you already have in your tanks and make extra profit, wholesale prices fall and you reduce prices on the stuff you already have on your tank and make less profit. A friendly person at the refinery can give you advance notice of major price changes so you can play this to your advantage, with limited success.
And remember, those are 20lb cylinders, but a few years back the exchange companies started filling them to only 15 pounds.
Some Costco locations now fill propane tanks.
I was surprised how fast heating oil price came down. Will cut this winter's bill in half.
Seasonal item so inventories were probably not high which allowed this.
Per trader_4:
But doesn't everybody have to agree that the world, as a whole, has a limited supply of oil ?
To reduce it to the ridiculous, let's say that the world's supply of oil is presently a thousand times as much as all the experts say.
But even at 1,000x.... it is still limited..... and every barrel we pump today is one less barrel that will be available tomorrow.
To me, a truly conservative position would be to economize as much as possible on the barrels we pump today so we will have more tomorrows where the stuff is available or, at least, not priced out of sight.
As it is, the pressure seems to be to pump America dry ASAP. More high and mid-level executives will get bigger bonuses and retire to gated communities.... but I can't see the country being a better place for that.
Ours already has. Was over $2 last spring, latest fill here was $1.59.
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