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Respected Contributor
Posts: 4,416
Registered: ‎02-14-2017

Re: Gas prices getting higher May 2022

Weird how all the oil companies are posting record profits.
Honored Contributor
Posts: 36,947
Registered: ‎03-10-2010

Re: Gas prices getting higher May 2022

Oil prices are artifically controlled by controlling how much companies are allowed to explore and to produce and where the market buys gas from other sources when our own production and transportation systems are limited and outlawed to expand.

 

It's a business.  Every time they are restricted severly, lots of people in the exploration and production busienss go out of business.  Therefore it costs more later.  Makes sense?  Production becomes way more expensive.  Where they can drill prices go up. 

 

Also summer prices always go up because of more demand--especially this summer when people will be traveling in droves first time in a long time.

Honored Contributor
Posts: 20,484
Registered: ‎11-08-2014

Re: Gas prices getting higher May 2022

Record-breaking diesel gas prices are a very worrisome part of the overall ominous picture.

Honored Contributor
Posts: 8,842
Registered: ‎03-14-2010

Re: Gas prices getting higher May 2022


@Oznell wrote:

Record-breaking diesel gas prices are a very worrisome part of the overall ominous picture.


 

My brother is a truck driver. He sent me a screen shot last week when he got diesel fuel. It was $935.92 and he did not completely fill his tank. He got 98.00 gallons. And that was the cash discounted price.

 

He is retiring May 31, 2022.

 

Gas at Wawa was $4.65. I don't know what it is today.

 

Respected Contributor
Posts: 3,358
Registered: ‎06-06-2012

Re: Gas prices getting higher May 2022


@kitcat51 wrote:

Yesterday I paid $4.49 for regular...diesel is $5.50. I fill up when my tank hits 3/4 so I don't faint. What a disaster, if you enabled it... Are you happy now?


@kitcat51 I do the same as you. I drive a SUV and I fill up when my tank is 3/4 or 1/2 full at the least. I can't imagine if my tank was on or close to empty.

Esteemed Contributor
Posts: 7,675
Registered: ‎03-28-2015

Re: Gas prices getting higher May 2022

My nephew paid 6.69 a gallon in California last week....

Esteemed Contributor
Posts: 5,301
Registered: ‎06-15-2015

Re: Gas prices getting higher May 2022


@Snoopp wrote:

I was hoping we might see some relief at the pump but gas prices are up .25 from last week.  I just filled up. 

 

I think we are at a record high with reg gas at $4.36 a gallon.  Unfortunately, I need to use super at almost $5 a gallon.

 

 

 

@Snoopp 

 

I don't see gas prices going down, but up. Unless and until the supply/demand changes drastically, prices will go along

with the price per barrel of oil. 

 

Just like the demand for baby formula is sky high, and why? Because the supply side is full of major issues, including recalls. 

 

All simple math, the kind I learned in school, not the New Math, whatever the heck that is!

 

 

hckynut  🇺🇸


 

hckynut(john)
Honored Contributor
Posts: 14,189
Registered: ‎07-15-2016

Re: Gas prices getting higher May 2022

I so thankful that I live in the city and don't need a car.  

 

My sister-in-law were discussing this on the phone yesterday.  She's in the "middle of nowhere"  and needs the car just to go down to the mailboxes!

Respected Contributor
Posts: 3,358
Registered: ‎06-06-2012

Re: Gas prices getting higher May 2022


@ALRATIBA wrote:

I so thankful that I live in the city and don't need a car.  

 

My sister-in-law were discussing this on the phone yesterday.  She's in the "middle of nowhere"  and needs the car just to go down to the mailboxes!


@ALRATIBA I live in a major city with a transit system to get one any & everywhere. I guess I don't NEED a car, but it sure is convenient to get up and go whenever I feel like it.

Honored Contributor
Posts: 32,613
Registered: ‎05-10-2010

Re: Gas prices getting higher May 2022

It is what it is.  Nowhere in all the grumbling did anyone say they plan to cut back on driving.  That certainly is one solution to high gas prices.  I'm not there yet but my friends and I have talked about doing some car pooling.  We live close and go to the same places, four of us are retired so carpooling is logical if gas prices get too ridiculous.