Yesterday, Thursday, March 3, 2022, I had a very unusual experience at the gas pumps at the Shell Station on Rio Road. I was in my Sprinter and needed to get diesel. I inserted my credit card, noted the price was 5.399, as I expected from the sign out front and proceeded to pump the diesel. A Ram pick up pulled up on the other side. While pumping, I looked up at the sign of the prices, and it was in the process of clearing. WHILE I was pumping gas at 5.399/gallon, the prices started disappearing, and before I was finished pumping, the price for diesel had gone up 50¢/gallon! I got it for 5.399, but the guy in the Ram paid 5.899/gallon for the same gas only a few minutes later than me.
Boy, was I glad I made it there by 9 am! Won’t be driving the Sprinter anytime soon, so who knows what I will pay next time?
Note, because of a political comment I got, I looked up his claim that we were energy independent during the last administration, and found this:
“ President Biden has passed policies that could negatively impact domestic oil supplies in the future. However, thus far the price surge is primarily a result of 3 million barrels per day (BPD) of oil production that was lost in the spring of 2020 that hasn’t fully recovered. Demand has fully recovered, so that is the fundamental reason for the surge in prices. Further, that surge began in the fall of 2020 — five months before President Trump left office.” Robert Rapier, Senior Contributor on Energy for Forbes Magazine https://www.forbes.com/sites/rrapier/2021/11/14/is-the-us-energy-independent/
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Thank-you, Kate. Important information. Staying home as much as possible and clustering essentials into one drive in and back. SUCH TIMES.
I hoped you thanked Shell for being a bit slow in applying the Vladimirovich Surcharge
Wow, just wow! Best watch for price changes --up, in real time-- everywhere. Serendipitous in a way. :)
Ouch! I use the smartphone app Gas Buddy to shop gas prices at my favorite stations (or any stations near me when traveling). Prices are confirmed or updated by users. Handy!
Gas prices are up here in Texas as well, but not to the level you’re experiencing. Best wishes as we all continue to adapt!
Inflation is surely a pain, but here's a clear explanation.
"For most Americans, that gas-pump price is the single most important indicator of inflation, not just because they fuel their cars with gas but because the cost is emblazoned in big numbers outside every gas station in America. (The biggest beneficiaries of these price increases, by the way: energy companies like Halliburton, Occidental Petroleum and Schlumberger, which are now leading the S&P 500. Anyone in favor of putting a windfall profits tax on them?)" 🤔
Source: https://www.theguardian.com/commentisfree/2022/feb/24/russia-putin-invasion-ukraine-robert-reich
My husband was in the waiting line in Seaside at the Costco station and by the time he got to his pump, the price had risen 6 cents a gallon. Truth is stranger than fiction.
Keep yer Justin's oiled & waxed.
We haven't seen the end of it either.
Putin made a deal to supply china with all the fossil fuels they need and he has a number of LPG tanker ships to boot.
https://www.marinelink.com/news/china-taps-alternative-payments-keep-494784
Gas is so much cheaper in Seaside if you make it out that far... I have an appointment in SALINAS once a week so I joined Rotten Robbie and just got my latest full tank for 4.59 per gallon!
Gas Buddy is great where ever you are gives you the best prices. Since we paid the highest gas prices in the nation due to the excessive taxes, perhaps our governor would remove some of the heavy taxes that are attached to our gas price until we get through this crisis.
Fossil fuel pricing is a global situation. Biden's administration has clearly shown a distaste for fossil fuels. The financial overlords of various banking functions are pressing for fossil fuel "risk assessment". So whatever one thinks about overt actions the Biden administration has taken, the subjective regulation threats indicate poor returns, more audits, higher costs, to remain in the fossil fuel business. No cognizant and responsible representative of ownership in fossil fuel enterprises would put his/her ownership at risk. Hence, reduced investment, reduced capital, reduced production. Whatever your view of risk to the planet about fossil fuel use, the Biden administration is making those fuels more costly.