[Topspinmo]

Originally Posted by ThirdOfFive

Amen.

I recall one of the first gas "crises". 1971 or so. Gas had just gone up from $0.39 per gallon to $0.50 and people were irate. I know, because I was working nights at a gas station at the time while going to college classes during the day. Lots of really P.O.'ed people blaming whoever was handiest to blame. Most of the time, it was us.

Do you know how much $0.50 in 1971 would be worth today?

$3.61.



'Nuff said.

And how much was you making working in that gas station? $1.95` hour?

[jchase]

$3.09 in Houston (10/19/2023)

[Rainger99]

Originally Posted by Topspinmo

I thought England sold gas by liter?

They do but a gallon is 3.79 liters. I assume he did the conversion for us.

First time I rented a car in England, I was amazed at how cheap gas was. Until I realized the price was in liters - not gallons!!

[Bay Kid]

A shame we are dependent on countries that hate us. We need to use our own resources.

[4$ALE]

Originally Posted by jchase

$3.09 in Houston (10/19/2023)

$2.99 here.

[Two Bills]

Originally Posted by Topspinmo

I thought England sold gas by liter?

They do, but I converted it to US gallons so as to make it easy just for you!

[Two Bills]

Originally Posted by Stu from NYC

Wow and its a lot cheaper.

After Covid when the world went crazy, we were paying about $9.60 a US gallon. for 5% ethanol.

[ThirdOfFive]

Originally Posted by Two Bills

After Covid when the world went crazy, we were paying about $9.60 a US gallon. for 5% ethanol.

Is the ethanol used for gasoline produced locally? If so what plant source is used?

[CoachKandSportsguy]

Originally Posted by Tvflguy

Regular gas at Neighborhood Walmart today was $3.09. Got a fill up to the top. Absolutely appears that oil prices will be rising and gas too.

I use GasBuddy and iExit and Gasbuddy prices are not always accurate, like manipulated. I went to a station in Fruitland park which had the lowest diesel at like $4.17 and the actual price when I got there was $4.59, i entered the correct price in Gasbuddy and the next day, the price was back dow to $4.17. . .

someone must be getting a free coffee every morning, or the owner thinks he is going to get more customers. . maybe once....

If you are financially able, you can buy 100 shares of UGA and offset the price increase with a hedge, and sell the 100 shares for the profit amount equal to the amount of gas you use in a year time the difference between the low price and say $4.00 a gallon divided by (1 - your incremental tax rate. . ) and pay for the increase for the next year with after tax profits.

personally i bought 200 shares. . as I have two vehicles and one is diesel truck, so I need a bit more hedging

getting into that retirement mentality of driving up to 100 miles to save those pennies. .

[Stu from NYC]

Originally Posted by CoachKandSportsguy

I use GasBuddy and iExit and Gasbuddy prices are not always accurate, like manipulated. I went to a station in Fruitland park which had the lowest diesel at like $4.17 and the actual price when I got there was $4.59, i entered the correct price in Gasbuddy and the next day, the price was back dow to $4.17. . .

someone must be getting a free coffee every morning, or the owner thinks he is going to get more customers. . maybe once....

If you are financially able, you can buy 100 shares of UGA and offset the price increase with a hedge, and sell the 100 shares for the profit amount equal to the amount of gas you use in a year time the difference between the low price and say $4.00 a gallon divided by (1 - your incremental tax rate. . ) and pay for the increase for the next year with after tax profits.

personally i bought 200 shares. . as I have two vehicles and one is diesel truck, so I need a bit more hedging

getting into that retirement mentality of driving up to 100 miles to save those pennies. .

drive 100 miles to save a few pennies, hmmm. Perhaps you can make it up in volume.

[Two Bills]

Originally Posted by ThirdOfFive

Is the ethanol used for gasoline produced locally? If so what plant source is used?

From what I found, most of our Ethanol was/is imported from Brazil, mainly manufactured from sugar cane.
British Sugar Corp. opened a plant in UK in 2007, and use Sugar Beet.
Seems we now produce about 35% of our own.

All that pees me off, is my car needs the 5% Ethanol gas, which is about 63 cents a US gallon more than the 10% Ethanol fuel.

[CoachKandSportsguy]

Originally Posted by Stu from NYC

drive 100 miles to save a few pennies, hmmm. Perhaps you can make it up in volume.

LOL! someone noticed the illogical fallacy!

[Stu from NYC]

Originally Posted by CoachKandSportsguy

LOL! someone noticed the illogical fallacy!

As opposed to a logical fallacy? Irregardless of that how are you doing?

[asianthree]

Originally Posted by Tvflguy

Regular gas at Neighborhood Walmart today was $3.09. Got a fill up to the top.

Absolutely appears that oil prices will be rising and gas too.

The Middle East situation and the lower domestic production will impact prices very soon. We are also going to increase importing Venezuelan oil. And the Strategic Oil Reserve of the USA is down by over 45% the last few years.

This is all converging…. Not good news for energy prices. hang on.

Should have waited
You need to hurry and run back to Walmart, it’s $2.99 this morning

[Tvflguy]

Originally Posted by asianthree

Should have waited
You need to hurry and run back to Walmart, it’s $2.99 this morning

Yep that’s the plan. It’ll probably take .89 worth but what the heck….