#gasoline prices

[alwaysbewoke]

[jefkphotography]

Gasoline prices. Fuel prices. I took this photo in The Netherlands.

[philbatrax]

hold on for just one fucking second

[headlinehorizon]

Gasoline Prices in California Soar to Record Highs

https://headlinehorizon.com/Business/Lifestyle/687

Find out why gas prices in California have reached staggering heights, and what factors are contributing to this surge. Stay up to date with the latest news on the headline horizon.

[nationallawreview]

Exporting U.S. Antitrust Law: Are We Really Ready for NOPEC?

Exporting U.S. Antitrust Law: Are We Really Ready for NOPEC?

The year is 1979. Inflation and lines at the gas pumps caused by a revolution in Iran have stunned Americans. Driven to action, the International Association of Machinists (IAM) files suit in the Central District of California against OPEC and its 14 member countries for participating in a cartel that controls the worldwide price of oil. None of the defendants made any kind of appearance before…

[cloudofbutterflies92]

I made this template found on Pinterest imagining the conference room in Silent Hill style💀

[mapsontheweb]

Price of full tank of gasoline (60 l) as a percentage of average monthly net salary across the world.

by u/kiwi2703

[enarien]

Price: What did you muppets do this time?

Soap: something very good or very bad. depends on your sense of humour

Price: ...

Gaz: Our ride's on fire.

Ghost: .. that's funny as hell

[homicidal-slvt]

Blood is just human gasoline.

[passengerpigeons]

becoming largely chill about most things. but i give myself permission to be mad about car infrastructure, car dependence, and cars flagrantly ignoring pedestrian right-of-way and generally endangering beings of flesh. because this is one of the few truly moral axis of this world

[cat09tailsonline]

gave an angel number amount of money for gas got back something weird. online angels what does this mean?

[geezliberia]

Liberian Government Lowers Gasoline and Diesel Pump Prices

In an effort to relief the financial burden of transportation to the Liberian people, the Ministry of Commerce and Industry (MOCI), in close collaboration with the Liberia Petroleum Refining Company (LPRC), has announced a reduction in fuel prices across the country. Effective immediately, the price of gasoline (PMS) has been lowered by 15 U.S. cents, while fuel oil (AGO) has been reduced by 20…

[nickgerlich]

By The Gallon

There is probably no single item that is more contentious in the US than a gallon of gasoline. We so completely bought into car culture in the 1950s, the post-war era of unbridled growth, prosperity, and a move to the suburbs, that in the process, we made ourselves extremely dependent on this precious commodity. We complain when prices go up, but we keep buying it because we can’t change our addiction in the short run. We’ll pay whatever.

That’s what economists call a case of inelastic demand, meaning the quantity demanded remains fairly constant at any price level, at least within a relevant range. If we were to wake up to $5 gas tomorrow morning, we’d still pay it, in spite of swearing out someone under our breath. The US burns through 376 million gallons of gas each and every day, no matter what it costs.

Oh, and while I’m at it, I must remind you that the President of the US has very little to do with the price of gas, because the price of oil is determined on a global market. The President can release oil from our Strategic Petroleum Reserve to try to temporarily reduce prices (something each President has done since the 1970s), or reduce the federal gas tax, but that’s about it.

One more thing: The idea of energy independence is a myth. While it is true that the US has produced the most crude oil than any nation at any time during the past six years, we both export and import on the global market. We are a net exporter by a small margin. So please quit blaming one, while singing the praises of another for ridiculously low prices during a pandemic. It just doesn’t work that way, and I say that in the most politically disinterested way I can.

Today we find ourselves with prices headed downward in a hurry. Part of it is seasonal, of course, because vacation season is over. But the global market is trending down right now, and all on its own. In Canyon America, the price was $2.699 at the local Walmart. In Texas, the average is $3.054, while nationwide it is $3.36, with the overall year-over-year difference down $0.46.

But did anything change in terms of consumption? Doubtful. It’s not like you wake up one day and say, “Honey, gas sure has come down! Why don’t we go for a long drive today?” We just keep doing whatever it is we do, even our cherished family road trips, which are also part of American culture.

This last summer we took an outsized road trip covering 18 states and 12,100 miles, and included dipping our toes in both oceans. The cheapest gas I bought was right here in Canyon, while the most expensive was $4.999 in Susanville California. Yes, that one hurt a bit, but I didn’t have any option but to do it. Besides, we wanted to visit the PNW, and we were already three-fourths of the way there. All told, the gas bill on this trip was $1757.85. I know that seems like a lot, but can you think of a cheaper way for two people to travel that extensively?I’ll wait.

Now let’s compare to the price of fuel in Europe, where it is typically in the $8 a gallon range, once you convert for liters and Euros. This trip would have cost more than double had we zipped across the European continent. We have it pretty good here, at least on paper.

Of course, one thing that does matter is that we are somewhat a victim of our own geography. In population-dense areas, you usually don’t have to drive far. In remote West Texas and throughout the west, we measure distances in hours that could easily translate into multiples of 75 or 80 miles, depending on how fast you drive.

Regardless, we’re going to keep buying gas, because we need it for our jobs, education, and lifestyle. It’s hard to change the seemingly immovable objects, such as job and residence. I suppose if gas went to $10 more of us might be motivated to buy a Prius and relocate closer to our job. Until then, though, our consumer behavior is going to be predictably the same.

So how then do we adapt to rising prices? Simple. We take it out of something else. Gas is the non-negotiable product we buy. Maybe we dine out less, delay major purchases, skip the new shirt or dress. Whatever it takes, we just cut back somewhere else, because when you have inelastic demand—that is, a nearly perfectly vertical demand curve—you’re just going to keep buying, at least for the time being.

I’ll see you at the pump. Let’s all be thankful prices are down for now, because at $0.46 cheaper and considering a 20-gallon tank, that’s $9.12 we’re saving each time. That should cover your PSL or pint of craft beer, and leave enough for the tip.

Dr “Fill ‘Er Up!” Gerlich

Audio Blog

[flarefloofer]

late night pondering

if you fill a pool with gasoline and then go under the pool and the surface is lit would you burn or would being inside the gasoline near the bottom of the pool drowning save you?

[mapsontheweb]

Average cost of 1 liter of gasoline in different countries.

The average price of gasoline around the world is $1.30.

by @theworldmaps_

[imkeepinit]