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Re: Gas skyrockets ! [Re: jbyrd63] #7372188
10/05/21 06:42 PM
10/05/21 06:42 PM
Joined: Dec 2019
Posts: 469
Iowa
C
CTRAPS Offline
trapper
CTRAPS  Offline
trapper
C

Joined: Dec 2019
Posts: 469
Iowa
$3.15 at Casey's here in town today.

Last edited by CTRAPS; 10/05/21 06:43 PM.

Life Member: ITA, IBA & NRA. Member of FTA & NTA
Re: Gas skyrockets ! [Re: jbyrd63] #7372207
10/05/21 07:02 PM
10/05/21 07:02 PM
Joined: Apr 2007
Posts: 1,937
venango county,pennslyvania
minklessinpa Offline
trapper
minklessinpa  Offline
trapper

Joined: Apr 2007
Posts: 1,937
venango county,pennslyvania
3.45 nw pa.


life member pennslyvania trappers
venango co leader
life member v.f.w.
member nta
member fta
Re: Gas skyrockets ! [Re: jbyrd63] #7372256
10/05/21 07:31 PM
10/05/21 07:31 PM
Joined: Dec 2017
Posts: 250
Idaho
O
old_newbie Offline
trapper
old_newbie  Offline
trapper
O

Joined: Dec 2017
Posts: 250
Idaho
Been $3.65-$3.79 here for a few months


Member NTA, ITA, and USRTA
Re: Gas skyrockets ! [Re: jbyrd63] #7372280
10/05/21 07:44 PM
10/05/21 07:44 PM
Joined: Jan 2014
Posts: 14,677
North East Kansas
Marty Offline
trapper
Marty  Offline
trapper

Joined: Jan 2014
Posts: 14,677
North East Kansas
$2.99


Live/Die with Integrity and Honor.
Re: Gas skyrockets ! [Re: coondagger2] #7372387
10/05/21 09:04 PM
10/05/21 09:04 PM
Joined: Sep 2010
Posts: 1,882
NE
M
Marty B Offline
"arbitrary noob"
Marty B  Offline
"arbitrary noob"
M

Joined: Sep 2010
Posts: 1,882
NE
Originally Posted by coondagger2
Originally Posted by bowhunter27295
We broke 3 this week also.

No big deal. Not news worthy. Carry on.


When will it break 4?




[Linked Image]




Eden, WY a month ago.

Re: Gas skyrockets ! [Re: jbyrd63] #7372582
10/06/21 06:42 AM
10/06/21 06:42 AM
Joined: Nov 2010
Posts: 444
Iowa
B
beeman Offline
trapper
beeman  Offline
trapper
B

Joined: Nov 2010
Posts: 444
Iowa
Gas in this area was $3.09 most of the summer. It dropped yesterday to $2.99.

Re: Gas skyrockets ! [Re: jbyrd63] #7372648
10/06/21 08:10 AM
10/06/21 08:10 AM
Joined: Dec 2013
Posts: 10,275
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 10,275
Greene County,Virginia
Still $3.09 Elkton,VA for ethanol gasoline. Nonethanol is $3.39.


wanna be goat farmer.
Re: Gas skyrockets ! [Re: stinkypete] #7372723
10/06/21 09:43 AM
10/06/21 09:43 AM
Joined: May 2010
Posts: 8,240
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 8,240
mn north of blakely
Originally Posted by stinkypete
This is what a real president looks like. In case some have forgot. Gas 1.80. So much oil. Barrel went negative



The price of oil going negative was not a good thing. The forces that caused that is causing what is going on now.

Re: Gas skyrockets ! [Re: stinkypete] #7372751
10/06/21 10:32 AM
10/06/21 10:32 AM
Joined: Dec 2010
Posts: 8,627
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 8,627
Armpit, ak
Originally Posted by stinkypete
This administration is making sure the USA oil producers will not maintain our oil independence. The administration is creating EPA red tape. Secondly new wells will not be drilled due to the loss of revenue due to the pandemic. Anything good for USA this administration is going to stop it or try to make it impossible. OPEC laughed at the Biden administration last week. Instead of helping USA oil producers making land available for drilling. Biden asks OPEC for help. If that makes sense for America explain please????


American consumers and businesses want cheaper oil. Opec nations may have the capacity to increase the supply of oil on the world market. An increase in supply should lower prices. American oil producers probably cannot increase supply very fast. If prices drop below fracking and directional drilling cost again, they will stop drilling again.


Who is John Galt?
Re: Gas skyrockets ! [Re: jbyrd63] #7372760
10/06/21 10:43 AM
10/06/21 10:43 AM
Joined: Aug 2011
Posts: 33,621
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 33,621
james bay frontierOnt.
Probably has more to do with the de-valuation of the US dollar.

Re: Gas skyrockets ! [Re: Boco] #7372766
10/06/21 10:52 AM
10/06/21 10:52 AM
Joined: May 2010
Posts: 8,240
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 8,240
mn north of blakely
Originally Posted by Boco
Probably has more to do with the de-valuation of the US dollar.


The dollar is down but not enough to account for the oil price increase

Opec cut production by 5to6 million barrels a day last year, US production has fell off as well.

Saudi Arabia can turn on and off the oil spigots like we do the water spigots at home.

Re: Gas skyrockets ! [Re: jbyrd63] #7372784
10/06/21 11:12 AM
10/06/21 11:12 AM
Joined: Dec 2010
Posts: 8,627
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 8,627
Armpit, ak
"Bubberlin' Crude
Just like Jed Clampett of the Beverley Hillbillies, the Saudis need to do little more than stick a pipe in the ground and pump to get their oil into barrels. Crude oil literally oozes out of the ground and once the Saudis break through the top layer of sediments, the sheer pressure caused by the vast quantities of compressed underground oil means they often don't even need to pump very hard. Under such conditions, start up costs for new wells are minimal. Moreover the Saudis have such cash reserves that they don't have to go to any banks for loans. Saudi Aramco, the state-run oil company can pick and choose which engineering partners they will send along to do all the work for them, and oil extractors compete fiercely for the privilege, forcing Saudi costs down further."


Who is John Galt?
Re: Gas skyrockets ! [Re: jbyrd63] #7372785
10/06/21 11:13 AM
10/06/21 11:13 AM
Joined: Dec 2014
Posts: 1,224
Tug Hill, NY
S
Squash Offline
trapper
Squash  Offline
trapper
S

Joined: Dec 2014
Posts: 1,224
Tug Hill, NY
$3.25/gal here in northern NY. A barrel of oil is closing in on $80/ barrel, itís going to get worse.

Re: Gas skyrockets ! [Re: jbyrd63] #7372800
10/06/21 11:35 AM
10/06/21 11:35 AM
Joined: May 2011
Posts: 1,138
Kansas
K
Kansas Cat Offline
trapper
Kansas Cat  Offline
trapper
K

Joined: May 2011
Posts: 1,138
Kansas
The world is beginning to emerge from the pandemic, therefore demand for crude oil and related products is on the rise. It is not in OPEC'S interest to allow oil prices to get high enough to stimulate production from non-OPEC sources. Unfortunately, for the American economy, the current social and political atmosphere in the United States is very anti-hydrocarbon. This creates a negative environment for energy policy and energy investment. Until a viable alternative for hydrocarbons appears on the market, American energy prices will have an upward bias.

Re: Gas skyrockets ! [Re: jbyrd63] #7372801
10/06/21 11:36 AM
10/06/21 11:36 AM
Joined: Mar 2007
Posts: 32,389
McGrath, AK
W
white17 Online content

"General (Mr.Sunshine) Washington"
white17  Online Content

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 32,389
McGrath, AK
I think frackers can "turn on" the faucet in about three days....Kansas Cat can address that better than I can.........but most frackers are still trying to repair their balance sheets after spending too much a few years ago and then getting hit with demand destruction during the lock downs. Add to that a government that is trying to destroy your business and I can understand why they are reluctant to produce.


Mean As Nails
Re: Gas skyrockets ! [Re: jbyrd63] #7372806
10/06/21 11:38 AM
10/06/21 11:38 AM
Joined: Feb 2014
Posts: 8,253
Ky
J
jbyrd63 Offline OP
trapper
jbyrd63  Offline OP
trapper
J

Joined: Feb 2014
Posts: 8,253
Ky
People keep pointing to crude prices. What was gas when oil was 145 a barrel? Anyone?
Try 2.89- 3.05 That lie donít fly ! Price gouging is fueling the rise more than anything!!

Re: Gas skyrockets ! [Re: jbyrd63] #7372812
10/06/21 11:45 AM
10/06/21 11:45 AM
Joined: May 2010
Posts: 8,240
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 8,240
mn north of blakely
It was 4 bucks here when crude prices were at their peak.

Let's face it jbyrd no one is taking economic classes from you.

Btw Bitcoin is knocking on 55,000

Re: Gas skyrockets ! [Re: jbyrd63] #7372815
10/06/21 11:48 AM
10/06/21 11:48 AM
Joined: Dec 2013
Posts: 10,275
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 10,275
Greene County,Virginia
I'm actually surprised gas is not more expensive locally.


wanna be goat farmer.
Re: Gas skyrockets ! [Re: jbyrd63] #7372818
10/06/21 11:52 AM
10/06/21 11:52 AM
Joined: Dec 2010
Posts: 8,627
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 8,627
Armpit, ak
Originally Posted by jbyrd63
People keep pointing to crude prices. What was gas when oil was 145 a barrel? Anyone?
Try 2.89- 3.05 That lie donít fly ! Price gouging is fueling the rise more than anything!!


$4.46 at the landing. I bought 4 barrels. That sucked!


Who is John Galt?
Re: Gas skyrockets ! [Re: jbyrd63] #7372821
10/06/21 11:53 AM
10/06/21 11:53 AM
Joined: May 2011
Posts: 1,138
Kansas
K
Kansas Cat Offline
trapper
Kansas Cat  Offline
trapper
K

Joined: May 2011
Posts: 1,138
Kansas
Crude prices only hit those levels briefly. Crude prices during the time period you are referring to were for the most part in a range from high 60's to 120 or so and probably averaged in the 80's or 90's. Gasoline was quite a bit higher than it is now. I would say any discussion of price gouging is more of a political tool than a reality. Gasoline and crude trades 24/7 and has as much transparency as any market.

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