Gas prices in my area (MS) have been $2.89 for the past two weeks, slow to go below that after steadily falling a nickel or a dime every week or less over the past couple of months.
I see that Houston is at $2.75. I use that area as a benchmark since they have several refineries there. Los Angeles is reporting $4.49.
Wait until after the elections when our reserves run dry.
What reserves are you speaking about now?
"the United States is at the top of the list with 264 billion barrels of recoverable oil reserves, followed by Russia with 256 billion, Saudi Arabia with 212 billion, Canada with 167 billion, Iran with 143 billion, and Brazil with 120 billion.
You really should move out of that alternate world your head lives in.
The reserves are not for the people.
I live close to Houston.
The gas prices are lower than most other areas.
But those refineries dirty up our air.
Andy
Right, that's why I use Houston and Los Angeles as my low/high points.
I've driven thru the area on I-10 a few dozen times over the years and there is frequently a specific smell there, especially on the east side of the metro area.
They deny that Biden has been dipping into our strategic oil reserves to drive down the price of gas even though Biden said he was doing exactly that.
The low near me in NJ is $3.33.
The US uses ~20 mil barrels a day, so while 1 mil will help, it's not a big factor. Plus it's been going on since April, so rather odd that it's responsible for the decline just now, over the last month. Actually this is a smart move, they should have sold more. They will be replacing it at lower prices, a plus for the taxpayer.
Frank, did you try to summarize something you read somewhere, or was what you read the summary, the contrast ("even though") you have above?
And who is the "They" you start the sentence off with?
Because either you or whoever tried to create a contrast just didn't udnerstand the first half of your summary. Below Trader's words should help you understand the error.
No sense trying to teach you two economics.
So explain to us the economic principles that you claim I missed or got wrong.
When he can't refute a fact, Frank changes the subject (here, from oil consumption/scarcity/reserves to the more general economics, which is something he hasn't shown any actual knowledge of so far).
Spitting in the wind. It is their religion and their path to righteousness.
Fill my Subi yesterday (Nevada):
The good stuff (E-zero): $5.249 /gal Garbage (E-15): $4.849 / gal
A little better I guess. 06/24/2022's fill up of the good stuff was $5.99 /gal.
Looks like you're buying premium. I assume your vehicle requires it, otherwise you're just throwing money away for absolutely no benefit.
Gas is currently $2.86 in my area. That's 87 octane, of course. I don't own any vehicles that require mid or premium.
I expect that anything but some high end exotic will run fine on regular. Vehicles have knock sensors and back off the timing if any premature detonation is detected. BMW here is supposed to use mid-grade, I've been putting regular in for years and 150K miles and it's running perfectly. The downside might be that if you tried to measure acceleration performance it could come in a tick slower.
I own Subaru's but not these: Performance Subaru models like WRX, Levorg and BRZ require a high octane fuel to run efficiently.
In the report, John Gray, Field Quality Assurance Manager with Subaru of America's Service and Quality Department, says performance vehicles like the WRX, WRX STI, and BRZ are designed to run correctly even when the optimal grade of fuel isn't available.
The Owner's Manual states for WRX and BRZ models: "The engine is designed to operate using unleaded gasoline with an octane rating of 91 or higher." However, fuel with an octane rating of 87 or higher can be used in either model with no detriment to engine durability.
You may notice some small drop in performance using a lower octane fuel, but the vehicle will automatically adjust engine timing, avoiding a preignition condition."
Which is exactly what I said. It's not an issue of running efficiently. It"s an issue of possible premature ignition and modern engines detect if that happens and then retards the timing slightly. It could result in an increase in acceleration numbers, but even Subaru apparently acknowledges that the vehicle runs OK.
I doubt he has that problem and also doubt cost of gas in Nebraska unless maybe some isolated region.
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