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Gas Is Too Cheap

gulfman

DP Veteran
Joined
Dec 21, 2017
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$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

If Russia and SA carry out their agreement to slow production, gas will rise.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

LOL. Then you would really love the price of my last fill-up

$1.36.9/gal

EDIT: My bad, It was $1.37.9 I just looked at the pix I took I was so shocked it was that low.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.


Cheap gas ... and nowhere to go. (sigh)
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

I remember when gas was $0.25/gallon.

So you are proposing the Feds raise gas tax by 2.00 or 2.50 per gallon. Are you going to want that tax to remain when oil gest back to +$80/barrel. then I suspect you would see gas around $10/gallon.
 
It's great that gas is cheap, but the downside is cheap gas slows electric vehicle development.
 
A low oil price will really help the economy bounce back.

It's not just cars, but plastics too.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

Trust me. Blue state governors are licking their chops. The problem is it is a very regressive tax and when things return to normal you will be paying $6.00 a gallon in California.
 
i have multiple group texts blocked (cousins) because all they're talking about is low gas prices are and bible verses (for Trump).

it's sickening.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

So you don't care about the oil and gas industry, just taxing people more. Good to see you throw off and pretence of being a Conservative.
 
I remember when gas was $0.25/gallon.

So you are proposing the Feds raise gas tax by 2.00 or 2.50 per gallon. Are you going to want that tax to remain when oil gest back to +$80/barrel. then I suspect you would see gas around $10/gallon.

When I was 16 I pumped gas in one of my first jobs. I couldn't fit $3.00 in my tan. VW bug. 10 gallon tank. $2.50 to fill it.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

$2.17 here so maybe we are paying for your taxes.

The Federal gasoline tax is stable so to get more revenue, sell more gasoline. Easy peasy.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

It's fixing to go back up and soon.
 
When I was 16 I pumped gas in one of my first jobs. I couldn't fit $3.00 in my tan. VW bug. 10 gallon tank. $2.50 to fill it.

I have paid as little as .10 cents per gallon for Regular. Then stations gave free things like dishes if you filled it up. I once won $1,000 from Standard Oil for lucky license. They selected my auto license plate and actually SO called my wife to tell us to get our award. Scam artists bought cars from victims and collected the awards so SO had to call the victims first.

First Comes the Car, Then the $10,000 License Plate - The New York Times

This is about China but in the mid 1960s America did the same thing.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

We were told that in Milwaukee - which is on extremely strict lock down, it's down to 90 cents a gallon.

I wonder if people are stocking up on it for whatever reason? IF bought in bulk, a steel 55 gallon drum can be had for about $80. Or cutting a hole in an old large propane tank.

More realistic, I could see independent gas stations having little sales now including soda, candy and cigarettes, filling their tanks at these cheap price just to wait until prices go back up as certainly they will. Their tanks tend to be around 20,000 gallons - and they have 3 - 60,000 gallons.

Even if gas just went up a dollar, that is a free $60,000 probably just for waiting 2 or 3 months - particularly since for many they are losing money by staying open now anyway.
 
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Once S A and Russia stop squabbling, the price will go back up.
 
We were told that in Milwaukee - which is on extremely strict lock down, it's down to 90 cents a gallon.

I wonder if people are stocking up on it for whatever reason? IF bought in bulk, a steel 55 gallon drum can be had for about $80. Or cutting a hole in an old large propane tank.

More realistic, I could see independent gas stations having little sales now including soda, candy and cigarettes, filling their tanks at these cheap price just to wait until prices go back up as certainly they will. Their tanks tend to be around 20,000 gallons - and they have 3 - 60,000 gallons.

Even if gas just went up a dollar, that is a free $60,000 probably just for waiting 2 or 3 months - particularly since for many they are losing money by staying open now anyway.
The President is making space in the strategic reserve available to store products for later sale.

I work on the front lines So I am going through about three gallons a week. The price today was $1.67.9
 
If Russia and SA carry out their agreement to slow production, gas will rise.

With lockdowns and self isolation, the bottom has fallen out of the fuel market. A taste of things to come as people shift to electric vehicles. This drop may be temporary, but it represents the future.

A side benefit has been a significant drop in pollution. Something for everyone to think about in relation to all fossil fuel usage.

I enjoy driving my gasoline powered internal combustion engine vehicles, but this has me thinking. I'm old set in my ways, that doesn't mean I can't change my thinking or actions.
 
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When I was 16 I pumped gas in one of my first jobs. I couldn't fit $3.00 in my tan. VW bug. 10 gallon tank. $2.50 to fill it.

Filled the tank of my rehabbed BSA for $1.05, good for 120 miles or better depending on tail winds and long down hill coasting. Today's gas powered riding lawnmowers have bigger engines and use more gas. :) Probably faster top speeds.
 
If Russia and SA carry out their agreement to slow production, gas will rise.

Percy Sutton claimed Saudi Muslims put Obama through school. While president, Obama resisted American energy drilling which forced the US to depend on nations like Saudi Arabia for its oil. If the Muslims did pay Obama's way through school, they certainly got handsomely repaid through forced American dependence on their overpriced oil.
 
Percy Sutton claimed Saudi Muslims put Obama through school. While president, Obama resisted American energy drilling which forced the US to depend on nations like Saudi Arabia for its oil. If the Muslims did pay Obama's way through school, they certainly got handsomely repaid through forced American dependence on their overpriced oil.

The Democratic Party and Obama opposed low gas prices but rather wanted them raised to try to force people to drive else, while opposing any fuel or fossil fuel production for evironmental reasons.
 
$1.50 for a gallon of gas?That's obscene.Raise it to $3.50 to $4.00 a gallon.Pay off our debt.Gas cost that much when Obama was President.

Truckers and manufacturers love it. It gets the cost of toilet paper lower.
 
Filled the tank of my rehabbed BSA for $1.05, good for 120 miles or better depending on tail winds and long down hill coasting. Today's gas powered riding lawnmowers have bigger engines and use more gas. :) Probably faster top speeds.

LOL we used to have a riding mower that surely would fly at top speed. I never figured out how fast it was as the thing became well too uncontrollable on pavement before it ever reached it. I don't know WTF they were thinking when they built that thing to be able to go that fast. At around 20mph it was like riding a bucking bronco since it also had zero shock absorption.
 
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