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ArtJoyce · 02-27-2021, 12:00 PM

On the news yesterday. The local news said gas was up 70% since October 2020. Which has been from cutting back production and increase demand.

Now if you cut back production as fast as we did last year. Are we going to see production shortage as the economy grow from the covid recession?? I'm thinking we will see shortage as work from homers go back to the shop. As the 10+ million unemployed find jobs, as air travel go back to Norman routes/schedule. The results will be spikes in fuel pricing.

This is not just turn on a valve at the well. It is start pressuring the wells. In many cases the old well dried up and normal maintenance was drill more well, which the drilling stopped last year because of the surplus.

NITEHAWK · 02-28-2021, 08:58 AM

During our extreme cold past two months our gas prices here in North Wisconsin went up $.50/gallon since January 6th, and diesel fuel went up $.70/gallon.
At this rate of increase no one will want to come up here, and if they do, prices will most likely be up around $4.00/gal for gas and $5.00/gallon for diesel.

Kid Gloves · 02-28-2021, 09:12 AM

Some perspective.

**hamm2018** · 02-28-2021, 09:21 AM

Diesel in Yuma at the Love's is $3.24/gal.

Jay D. · 02-28-2021, 09:34 AM

you don't think the rhetoric about stopping federal land oil drilling or fracking or pipe line transporting, has anything to do with the rise in fuel prices.
Jay D.

PJStough · 02-28-2021, 10:08 AM

Quote:

Originally Posted by Jay D.

you don't think the rhetoric about stopping federal land oil drilling or fracking or pipe line transporting, has anything to do with the rise in fuel prices.
Jay D.

Also, after hearing for a couple of years that gas prices may go up after the first of the year made it much easier for retailers to raise prices to meet people's expectations.

UAV · 03-04-2021, 03:03 PM

I suppose it is time to switch over to those coal burning Electric Vehicles?

Our05Winneba · 03-04-2021, 03:29 PM

Open the below link to the Gas Buddy gasoline price chart, and notice that the latest spike began exactly when the president started signing his EOs to stop the Keystone XL pipeline as well as remove oil & gas drilling leases on Federal lands. Hardly a coincidence that prices have started climbing now that we will once again have to pay for expensive mid-East oil.

https://www.gasbuddy.com/charts

slabman · 03-04-2021, 03:35 PM

So the real truth is somewhere in between. The oil industry has been in contraction mode for the past few years due to over-supply. Rigs were being shut down and mothballed all over the place, extending through last summer. When it became apparent we were going to get new policy, the market reacted. Upward! Everyone knew the price of doing business was going to increase, due to changed environmental policy along with a scarcity of available leasing. You may remember in December the market price of oil began to rise, something which continues to this day. The oil producers once again have incentive to drill those marginal properties which are now profitable. Problem is, as newer constraints are placed on the Industry, those oil prices will necessarily increase even more. So here we are, caught in an upward spiral which, likely, will take prices higher and higher until something changes.

2upServant · 03-04-2021, 03:44 PM

one thing to think about with diesel fuel and cold weather. now days most suppliers add some level of additive to the fuel so it helps to not have as many issues. in really cold areas they run number 1 fuel. the more additives the higher the cost. last year I made a trip into northern Indiana first of March to pick our fifth wheel up. I used Pilot fuel as they claim on their website that after November first they automictically add more stuff to the fuel. certainly with everything in oil industry affected messes with the cost of fuel. I can remember diesel fuel paying .69 cents a gallon and commercial refer fuel at 99 cents a gallon. what is ridiculous is that gasoline is refined far more that diesel making gasoline more expensive to manufacture.

astrocamper · 03-04-2021, 03:56 PM

Gas in Reno Costco is $2.99.

We drove from Reno to Traverse City, Michigan last June to go to my Dad's memorial service because we weren't going to fly then. We paid as low as $1.98. I haven't seen that price in Nevada in a long time.

We drive a gas GMC2500HD because it's also my daily driver and the work commute is too short for a diesel engine to warm up. We are pulling an Artic Fox 22G and have no problem with the mountains. I only fill the tank up about every 5-6 weeks when only using it to go to work. We drive my wife's Highlander for other trips about town.

**Lt Dan** · 03-04-2021, 04:12 PM

Thread Closed

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