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backinblack 03-12-2022 11:41 AM

The 55 mph speed limit had very little, if any, benefit irt saving fuel and lives in the 20 years it was implemented. It was a waste of time the first go around that was widely ignored by motorists and the states.

You know what did have significant impacts on both of those things? Advancements in engineering and design that not only makes cars more efficient than they were in 1975 when the law was enacted, but much more safer. Dropping the highway speed limits won't make cars burn less gas, and in some cases where cars are engineered to be more efficient at speeds higher than 55 mph, would actually make them burn more.

Bowser 03-12-2022 11:43 AM

Quote:

Originally Posted by Donger (Post 16187307)
I don't understand. That's good news.

Lol. Let me know when the price drops about 3.00/gal, THEN you can talk to us about "good news".

Bugeater 03-12-2022 12:09 PM

Quote:

Originally Posted by crayzkirk (Post 16187395)
If I do that, I become a road hazard like all the old people that can barely see through the steering wheel...

Stay home then.

crayzkirk 03-12-2022 12:27 PM

Quote:

Originally Posted by backinblack (Post 16187410)
The 55 mph speed limit had very little, if any, benefit irt saving fuel and lives in the 20 years it was implemented. It was a waste of time the first go around that was widely ignored by motorists and the states.

You know what did have significant impacts on both of those things? Advancements in engineering and design that not only makes cars more efficient than they were in 1975 when the law was enacted, but much more safer. Dropping the highway speed limits won't make cars burn less gas, and in some cases where cars are engineered to be more efficient at speeds higher than 55 mph, would actually make them burn more.

Most fuel usage is overcoming wind resistance which goes up exponentially as speed increases. I disagree... But science and stuff...

Wikipedia is not my favorite place however for some things a fairly good source...

https://en.wikipedia.org/wiki/Drag_%28physics%29

Going twice the speed requires 8 time the power... Driving into a headwind should give you better fuel economy, right?

backinblack 03-12-2022 12:52 PM

Right, and have you looked at how angular most cars are these days? Even SUVs are rounded off and designed to cut through the air resistance better.

I’m just going by my own experience with my car, a 2015 Mustang GT, that I mostly drive on highways. My mileage is best in the 70-80 mph range.

KCUnited 03-12-2022 12:57 PM

https://i.imgur.com/7bx4CAy.jpg?1

Bearcat 03-12-2022 01:36 PM

<iframe src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2FMEMES.of.the.NFL%2Fposts%2F5366471220066189&show_text =true&width=500" width="500" height="498" style="border:none;overflow:hidden" scrolling="no" frameborder="0" allowfullscreen="true" allow="autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share"></iframe>

Donger 03-12-2022 01:45 PM

Quote:

Originally Posted by Bowser (Post 16187420)
Lol. Let me know when the price drops about 3.00/gal, THEN you can talk to us about "good news".

There's just no pleasing you people.

penguinz 03-12-2022 01:51 PM

Quote:

Originally Posted by crayzkirk (Post 16187494)
Most fuel usage is overcoming wind resistance which goes up exponentially as speed increases. I disagree... But science and stuff...

Wikipedia is not my favorite place however for some things a fairly good source...

https://en.wikipedia.org/wiki/Drag_%28physics%29

Going twice the speed requires 8 time the power... Driving into a headwind should give you better fuel economy, right?

Cars are designed to get better fuel economy at higher speeds than in the 70's.

Donger 03-12-2022 01:52 PM

Quote:

Originally Posted by backinblack (Post 16187536)
I’m just going by my own experience with my car, a 2015 Mustang GT, that I mostly drive on highways. My mileage is best in the 70-80 mph range.

You mean compared to a lower speed?

Rasputin 03-12-2022 02:04 PM

Quote:

Originally Posted by crayzkirk (Post 16187375)
Just drop the speed limit back to 55. Save energy and save lives...

**** driving 55
<iframe width="641" height="481" src="https://www.youtube.com/embed/RvV3nn_de2k" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Shiver Me Timbers 03-12-2022 02:25 PM

Quote:

Originally Posted by Bugeater (Post 16187389)
How about you drive 55 yourself and shut the **** up?

And stay out of the left lane!!!

crayzkirk 03-12-2022 02:34 PM

All I can say is that given that the profile of the car doesn't change at any given speed, power is relative to work/time... you are increasing the work and decreasing the time. And cubing a number tends to make it increase fast.

Not sure what they are teaching kids today.

And yes, I only drive in the left lane while passing...

If cars get better mileage at higher speeds, why does driving into the wind reduce gas mileage? After all, this is what your claim is.

displacedinMN 03-12-2022 02:37 PM

Quote:

Originally Posted by Shiver Me Timbers (Post 16187705)
And stay out of the left lane!!!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Dont come to Minnesota. JFC these people need to learn how to drive.

Donger 03-12-2022 02:47 PM

Quote:

Originally Posted by crayzkirk (Post 16187712)
If cars get better mileage at higher speeds, why does driving into the wind reduce gas mileage? After all, this is what your claim is.

Under normal conditions, no, vehicles don't get better MPG at higher speeds. Quite the opposite. That would be some cool physics, though.

Now, if you're cruising along at 55 MPH in a low gear pulling 5,000 RPM, you probably have the same MPG as you would in your biggest gear at 75 MPH and 2,500 RPM. But... why?

Fish 03-12-2022 02:47 PM

Quote:

Originally Posted by backinblack (Post 16187536)
Right, and have you looked at how angular most cars are these days? Even SUVs are rounded off and designed to cut through the air resistance better.

I’m just going by my own experience with my car, a 2015 Mustang GT, that I mostly drive on highways. My mileage is best in the 70-80 mph range.

Sorry, but that just cannot be true. Physics and stuff. The higher your speed, the more work required by the engine, and the more wind resistance you will face.

Bugeater 03-12-2022 02:55 PM

I saw it at $3.39 today! I love you Donger!

Donger 03-12-2022 02:57 PM

I reset the MPG average in my Jeep once right before coming down the hill on I-70 eastbound after climbing Floyd's Hill. Put it in neutral and the average was something like 60 MPG by the time I got to the bottom.

Donger 03-12-2022 03:00 PM

Quote:

Originally Posted by Bugeater (Post 16187732)
I saw it at $3.39 today! I love you Donger!

https://i.makeagif.com/media/11-23-2018/7C24TK.gif

http://25.media.tumblr.com/0c2f2d368...m741o1_500.gif

Bugeater 03-12-2022 03:02 PM

I mean in a (no homo) sort of way.

Donger 03-12-2022 03:03 PM

Quote:

Originally Posted by Bugeater (Post 16187740)
I mean in a (no homo) sort of way.

I've heard that diesel makes pretty good lube. Unconfirmed, at least by me.

Donger 03-12-2022 03:06 PM

Anyway, if we can move on past Bugeater's Donger-love...

https://www.fueleconomy.gov/feg/driveHabits.jsp

You can put in your vehicle's information and get how much you save based on lower speed. Or, how much more you pay based on higher speeds, of course.

Bugeater 03-12-2022 03:15 PM

$5.37/gal at 80mph in my TrailBlazer...I ****ing hate you Donger.

Bugeater 03-12-2022 03:18 PM

WTF...80 in the Camaro actually cost more, and it has less displacement, manual transmission and is way more aerodynamic. That's unpossible!

Bearcat 03-12-2022 03:22 PM

"What is the penalty for my car?" ...jeez. Nice site though.

Mine is +$4.80 per 100 miles between 55 and 80, or +$2/gallon.

That's a speed tax I can live with (well, especially since you'd probably die on I-17 if you were only going 55).

70 to 80 is only another dollar/gallon. :shrug:

Donger 03-12-2022 03:26 PM

Quote:

Originally Posted by Bugeater (Post 16187756)
WTF...80 in the Camaro actually cost more, and it has less displacement, manual transmission and is way more aerodynamic. That's unpossible!

Does this "Camaro" use premium fuel?

Bugeater 03-12-2022 03:26 PM

Quote:

Originally Posted by Bearcat (Post 16187760)
"What is the penalty for my car?" ...jeez. Nice site though.

Mine is +$4.80 per 100 miles between 55 and 80, or +$2/gallon.

That's a speed tax I can live with (well, especially since you'd probably die on I-17 if you were only going 55).

70 to 80 is only another dollar/gallon. :shrug:

LMAO We all get outraged when gas nears $4/gal, then we see what it cost at 80mph....meh, totally worth it.

Bugeater 03-12-2022 03:27 PM

Quote:

Originally Posted by Donger (Post 16187764)
Does this "Camaro" use premium fuel?

I don't use ethanol blend in it, if that's what you mean.

Donger 03-12-2022 03:28 PM

My fun car...

$7.44 @ 80 MPH. $5.83 @ 65 MPH.

LMAO

Donger 03-12-2022 03:29 PM

Quote:

Originally Posted by Bugeater (Post 16187769)
I don't use ethanol blend in it, if that's what you mean.

It isn't.

Bugeater 03-12-2022 03:33 PM

Quote:

Originally Posted by Donger (Post 16187774)
It isn't.

Well it's premium to me because it's more expensive.

Donger 03-12-2022 03:37 PM

Quote:

Originally Posted by Bugeater (Post 16187780)
Well it's premium to me because it's more expensive.

Next time you fill up your car (which I hope is soon and often), look at the labels on the three selections (assumption). Regular, Mid-Range and Premium or some variation of those. That's based on octane ratings.

https://s.hdnux.com/photos/51/17/03/...4/rawImage.jpg

Bugeater 03-12-2022 03:45 PM

Quote:

Originally Posted by Donger (Post 16187785)
Next time you fill up your car (which I hope is soon and often), look at the labels on the three selections (assumption). Regular, Mid-Range and Premium or some variation of those. That's based on octane ratings.

https://s.hdnux.com/photos/51/17/03/...4/rawImage.jpg

I'm pretty sure the QuikTrip I normally go to only has one flavor that doesn't have ethanol, not sure if it's the highest octane or not. And I rarely fill the tank on that car, I've only put about 2,000 miles on it in the 2 1/2 years I've owned it.

Donger 03-12-2022 03:46 PM

Quote:

Originally Posted by Bugeater (Post 16187794)
I'm pretty sure the QuikTrip I normally go to only has one flavor that doesn't have ethanol, not sure if it's the highest octane or not. And I rarely fill the tank on that car, I've only put about 2,000 miles on it in the 2 1/2 years I've owned it.

What's your issue with ethanol?

Bearcat 03-12-2022 03:51 PM

Quote:

Originally Posted by Bugeater (Post 16187765)
LMAO We all get outraged when gas nears $4/gal, then we see what it cost at 80mph....meh, totally worth it.

Heh, well it's still all relative.

I can get ~360 miles/tank... and a tank would cost $39 at $3/gallon and $52 at $4/gallon.

So, at $3/gallon, it's an extra $3.6 to drive 360 miles at 80mph instead of 65.
At $4/gallon, it's an extra $4.9.

Compared to the $13 extra at the tank, a few extra dollars doesn't really matter.... especially considering my sanity of driving that closely with other people.

Donger 03-12-2022 03:53 PM

Quote:

Originally Posted by Bearcat (Post 16187760)
"What is the penalty for my car?" ...jeez. Nice site though.

Mine is +$4.80 per 100 miles between 55 and 80, or +$2/gallon.

That's a speed tax I can live with (well, especially since you'd probably die on I-17 if you were only going 55).

70 to 80 is only another dollar/gallon. :shrug:

I was on I-17 in PHX last week, yet again. I hate that stretch of road with a passion...

Bugeater 03-12-2022 03:57 PM

Quote:

Originally Posted by Donger (Post 16187795)
What's your issue with ethanol?

I've been told it can be hard on fuel systems in older vehicles.

neech 03-12-2022 04:08 PM

Support the Ukraines buy more gas.

Donger 03-12-2022 04:14 PM

Quote:

Originally Posted by Bugeater (Post 16187806)
I've been told it can be hard on fuel systems in older vehicles.

How old? I've heard that any ethanol can be damaging to small engines (e.g., lawn mowers, leaf blowers). Not sure why and I'm not sure it's true. And that E85 will cause damage to the hoses in non-E85 engines and fuel systems, but not 10%

Ethanol also contains less energy than gasoline, so you do lose some mileage/gallon. But Ethanol has a higher octane rating than gasoline, so higher performance and power.

WilliamTheIrish 03-12-2022 04:18 PM

Quote:

https://www.komu.com/news/state/keep...ed704.amp.html

Missourians can get refunds on gas tax increase

Missourians will only be refunded on the 2.5 cent increase per gallon, and not the entire fuel tax. Additionally, only Missouri motor fuel vehicles weighing less than 26,000 pounds for highway use will be eligible.

To get refunded from the state, the process is not as simple as mailing in the receipts.

According to the Department of Revenue's website, a refund claim form will be available on the department's website prior to July 1, 2022. It is also working on an online system to submit refunds.

The form can be submitted from July 1 through Sept. 30, 2022.

Bwana 03-12-2022 05:37 PM

Quote:

Originally Posted by Rasputin (Post 16187672)
**** driving 55
<iframe src="https://www.youtube.com/embed/RvV3nn_de2k" title="YouTube video player" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" width="641" height="481" frameborder="0"></iframe>


Love that song and I lived by it at the time. If the roads are clear with no ice, I still haul ass most of the time. I have to drive from Billings into WY and into onto Denver once in awhile. A good radar detector is worth it's weigh in gold. I haven't had a ticket in 30 years and that's not because I drive the speed limit.

Bearcat 03-12-2022 06:33 PM

Quote:

Originally Posted by Donger (Post 16187802)
I was on I-17 in PHX last week, yet again. I hate that stretch of road with a passion...

The biggest problem with Phoenix drivers IMO is despite signs every ****ing 10 feet, no one seems to understand the carpool lane is only the carpool lane during certain times M-F and will tailgate you at 80mph because they don't think they're allowed to move one lane over.

Bugeater 03-12-2022 06:47 PM

Quote:

Originally Posted by Donger (Post 16187822)
How old? I've heard that any ethanol can be damaging to small engines (e.g., lawn mowers, leaf blowers). Not sure why and I'm not sure it's true. And that E85 will cause damage to the hoses in non-E85 engines and fuel systems, but not 10%

Ethanol also contains less energy than gasoline, so you do lose some mileage/gallon. But Ethanol has a higher octane rating than gasoline, so higher performance and power.

It's a '96. Years ago I had a '94 Caravan that developed leaks at the fuel rail connections and was told that it was because automakers weren't engineering cars for ethanol back then. Could be an urban myth type thing...who really knows. I do believe it's bad for small engines though, I ruined 3 carburetors on a riding lawnmower by using ethanol.

LiveSteam 03-12-2022 08:37 PM

....................LUBRICITY
Ethanol has less lubricity than normal gas. By a mile.
Best way I can describe it is this.
Non Ethanol = 5000 grit lapping compound
Ethanol gas= 120 grit sandpaper
Then add in the H2O from Ethanol and you have a very abrasive fule.

We have this now with Diesel, thanks to a certain NO NAME removing the sulfur content. I can get around this by adding a bottle of Automatic Transmission fluid to a full tank of Diesel.
No can do with a gas engine.

And it's very true Donger.
Never run that shit Ethanol in a small engine or any engine that is naturally aspirated = carburetor, throttle body

crayzkirk 03-13-2022 08:45 AM

Quote:

Originally Posted by Donger (Post 16187725)
Under normal conditions, no, vehicles don't get better MPG at higher speeds. Quite the opposite. That would be some cool physics, though.

Now, if you're cruising along at 55 MPH in a low gear pulling 5,000 RPM, you probably have the same MPG as you would in your biggest gear at 75 MPH and 2,500 RPM. But... why?

Of course I understand this... my comment was about the claim that their car gets better mileage at higher speeds. So... negative drag coefficient? Meaning if you drove fast enough, you would fill the tank with gasoline.

I had someone, who had never driven at 55, tell me that same story about how their car was 'designed' to get better mileage at higher speeds. It's true that cars today are designed to have less drag however, that doesn't change anything. It's all about the amount of work you do in the amount of time. The profile of the car doesn't change (yet) with speed.

Alcohol blended fuels cause major issues in older engines. The fuel system components, many made of rubber, are dried out by the alcohol. In boats and other vehicles which can sit for extended periods, the ethanol can phase separate and absorb water. For an old 2-cycle outboard, which uses a pre-mix fuel, this is death as the alcohol/water mixture will burn and will have no oil.

Anyways... high gasoline prices stink...

Rasputin 03-13-2022 11:44 AM

Quote:

Originally Posted by Bwana (Post 16187919)
Love that song and I lived by it at the time. If the roads are clear with no ice, I still haul ass most of the time. I have to drive from Billings into WY and into onto Denver once in awhile. A good radar detector is worth it's weigh in gold. I haven't had a ticket in 30 years and that's not because I drive the speed limit.


I remember when it came out and essentially i give it most credit for states to up the speed limit to 65mph. I think that's cool to ROCK AND ROLL :rockon:

crayzkirk 03-13-2022 12:28 PM

Quote:

Originally Posted by Rasputin (Post 16188683)
I remember when it came out and essentially i give it most credit for states to up the speed limit to 65mph. I think that's cool to ROCK AND ROLL :rockon:

The song was released in the 80s, the speed limit law was lifted in 1995...

Still one of my favorites and gets cranked whenever I hear it.

Donger 03-13-2022 12:52 PM

Quote:

Originally Posted by LiveSteam (Post 16188182)
....................LUBRICITY
Ethanol has less lubricity than normal gas. By a mile.
Best way I can describe it is this.
Non Ethanol = 5000 grit lapping compound
Ethanol gas= 120 grit sandpaper
Then add in the H2O from Ethanol and you have a very abrasive fule.

We have this now with Diesel, thanks to a certain NO NAME removing the sulfur content. I can get around this by adding a bottle of Automatic Transmission fluid to a full tank of Diesel.
No can do with a gas engine.

And it's very true Donger.
Never run that shit Ethanol in a small engine or any engine that is naturally aspirated = carburetor, throttle body

Cool, thanks.

I've always run ethanol-blended gasoline in my small motor and have never had any issues.

Naturally-aspirated has nothing to do with carburetor versus fuel injection.

Imon Yourside 03-13-2022 03:02 PM

Quote:

Originally Posted by Donger (Post 16187641)
There's just no pleasing you people.

It was all your fault, now you wanna sweep in and play the hero? Not gonna happy Zedong.

TripleThreat 03-13-2022 03:50 PM

It’s up to 6.00 where I live now.

Rasputin 03-13-2022 04:01 PM

Do race cars use alcohol for fuel?
Image result for Do they run alcohol grain in race cars?
Most race car drivers prefer fuel that is methanol- or ethanol-based, and the reason is simple, really. Overall, alcohol-based fuel has a high octane rating which increases fuel efficiency. ... Race car engines are different than those in a regular car. They are built to get more power out of fuels with less energy.Nov 27, 2017



copy Google paste


If it's good for NASCAR good enough for me and cheaper. I've had my Chev Tahoe over ten years and pulled out a Ford pickup with duel back wheels stuck in the river bed. I like to brag about that. The truck has been a beast I'm wanting to sell it or something, only a few bullet holes, and I replaced back window with Plexiglas. The two passenger windows I have to keep duct taped to stay up. Driver door handle is busted but all and all the motor has been good. I don't know what to ask for but the bullet holes does give it street cred value.

Hydrae 03-13-2022 06:59 PM

Quote:

Originally Posted by Donger (Post 16187822)
How old? I've heard that any ethanol can be damaging to small engines (e.g., lawn mowers, leaf blowers). Not sure why and I'm not sure it's true. And that E85 will cause damage to the hoses in non-E85 engines and fuel systems, but not 10%

Ethanol also contains less energy than gasoline, so you do lose some mileage/gallon. But Ethanol has a higher octane rating than gasoline, so higher performance and power.

My dad has a 1924 Oakland. When it was built there was no ethanol. Thankfully there are a few places like QT where we can get the right fuel.

Chief Roundup 03-13-2022 08:15 PM

Quote:

Originally Posted by Rasputin (Post 16188954)
Do race cars use alcohol for fuel?
Image result for Do they run alcohol grain in race cars?
Most race car drivers prefer fuel that is methanol- or ethanol-based, and the reason is simple, really. Overall, alcohol-based fuel has a high octane rating which increases fuel efficiency. ... Race car engines are different than those in a regular car. They are built to get more power out of fuels with less energy.Nov 27, 2017



copy Google paste


If it's good for NASCAR good enough for me and cheaper. I've had my Chev Tahoe over ten years and pulled out a Ford pickup with duel back wheels stuck in the river bed. I like to brag about that. The truck has been a beast I'm wanting to sell it or something, only a few bullet holes, and I replaced back window with Plexiglas. The two passenger windows I have to keep duct taped to stay up. Driver door handle is busted but all and all the motor has been good. I don't know what to ask for but the bullet holes does give it street cred value.

You realize those engines are only used one time and then completely rebuilt or thrown away.

Strongside 03-14-2022 06:59 AM

Quote:

Originally Posted by Chief Roundup (Post 16189390)
You realize those engines are only used one time and then completely rebuilt or thrown away.

Every late model/modified car at your local dirt speedway is running alcohol.

ptlyon 03-14-2022 07:41 AM

Held steady at 4.19 over the weekend

Donger 03-14-2022 08:17 AM

Crude presently at $101/barrel.

PunkinDrublic 03-14-2022 08:57 AM

Quote:

Originally Posted by ptlyon (Post 16189706)
Held steady at 4.19 over the weekend

I just filled up for $4.09 a gallon this morning using my .10 off fuel points at Kroger. I feel like a budgeting genius!

Chief Roundup 03-14-2022 09:59 AM

Quote:

Originally Posted by Strongside (Post 16189644)
Every late model/modified car at your local dirt speedway is running alcohol.

Yeah, ok so what is your point? Those are not rebuilt or thrown away after every race like Nascar as he was comparing. Either way, those are still not dependent on for everyday driving as there is always another vehicle there to get you back home which brought all those cars to the tracks which run on the fuels that they were designed to use for long-term use and dependability.

Indian Chief 03-14-2022 11:24 AM

$70 to fill up the Challenger this morning. That one sucked.

htismaqe 03-14-2022 11:30 AM

Quote:

Originally Posted by Chief Roundup (Post 16189971)
Yeah, ok so what is your point? Those are not rebuilt or thrown away after every race like Nascar as he was comparing. Either way, those are still not dependent on for everyday driving as there is always another vehicle there to get you back home which brought all those cars to the tracks which run on the fuels that they were designed to use for long-term use and dependability.

Exactly.

My neighbor was a sprint car owner/driver. He ran ethanol in his racers, he didn't in any of his other vehicles, for reasons that have already been explained.

petegz28 03-14-2022 01:12 PM

$4.05 for premium at Costco today. Drove right up to an empty pump and laughed at the 10 cards waiting because they didn't want to pull the hose to the other side of the car.

GloryDayz 03-14-2022 02:58 PM

Driving to eastern TN for my son's wedding might cost me more than a round trip flight to Bonaire! Dang!!!!!!!

BigRedChief 03-14-2022 07:36 PM

Gas tumbled briefly below $100 today. It was $130 a barrel just a week ago, right? When gas prices went up a couple of $’s they raises the prices at the pump immediately. The price drops 20%-30% and no one is seeing a drop at the pumps.

Can someone who understands the market explain why the price of a barrel of oil goes up, the local gas station raises the prices despite that same gas has been in then tank for a long time. But when the barrel price drops, it doesn’t drop at the gas pump. Why?

Bugeater 03-14-2022 09:31 PM

OOH! Donger will take that question, it's one of his favorites!

backinblack 03-14-2022 10:09 PM

gas prices are still ****ing going up, the rate at which has slowed down sure but it's still like 3-5 cents a day.

BryanBusby 03-14-2022 10:52 PM

Quote:

Originally Posted by BigRedChief (Post 16191369)
Gas tumbled briefly below $100 today. It was $130 a barrel just a week ago, right? When gas prices went up a couple of $’s they raises the prices at the pump immediately. The price drops 20%-30% and no one is seeing a drop at the pumps.

Can someone who understands the market explain why the price of a barrel of oil goes up, the local gas station raises the prices despite that same gas has been in then tank for a long time. But when the barrel price drops, it doesn’t drop at the gas pump. Why?

Refiners are greedy, too.

crayzkirk 03-14-2022 11:04 PM

Quote:

Originally Posted by BigRedChief (Post 16191369)
Gas tumbled briefly below $100 today. It was $130 a barrel just a week ago, right? When gas prices went up a couple of $’s they raises the prices at the pump immediately. The price drops 20%-30% and no one is seeing a drop at the pumps.

Can someone who understands the market explain why the price of a barrel of oil goes up, the local gas station raises the prices despite that same gas has been in then tank for a long time. But when the barrel price drops, it doesn’t drop at the gas pump. Why?

Because they can...

Like when fuel went up after Katrina and airlines started charging higher rates and extra for baggage. Neither of which went down.

The price goes up immediately because they need to buy gasoline to replace what is currently being sold at a higher price. Which I understand however, I have never heard a compelling reason why the opposite is not true.

Other than they just can and do, do it... It's a fixed market with a constant demand, they can pretty much screw us as much as they want because there is no alternative. Asymmetric Price Adjustment. Because there is no competition, it doesn't behave like a normal consumer market. I found data that says it takes about 4 weeks for the price to go up fully and 8 weeks to come back down.

Or for the same reason cable companies will entice new customers with all sorts of promotions yet will force existing customers to call and haggle to get a better deal.

Donger 03-15-2022 08:27 AM

Gasoline down to $4.31/gallon. Crude is trading at $94.01/barrel, down 8.4%

Donger 03-15-2022 08:29 AM

Quote:

Originally Posted by BigRedChief (Post 16191369)
Gas tumbled briefly below $100 today. It was $130 a barrel just a week ago, right? When gas prices went up a couple of $’s they raises the prices at the pump immediately. The price drops 20%-30% and no one is seeing a drop at the pumps.

Can someone who understands the market explain why the price of a barrel of oil goes up, the local gas station raises the prices despite that same gas has been in then tank for a long time. But when the barrel price drops, it doesn’t drop at the gas pump. Why?

https://www.chiefsplanet.com/BB//sho...postcount=1206

And the rapid rise in gasoline prices has stopped, at least for now.

Donger 03-15-2022 08:31 AM

Quote:

Originally Posted by backinblack (Post 16191793)
gas prices are still ****ing going up, the rate at which has slowed down sure but it's still like 3-5 cents a day.

No, they aren't. At least not the national average.

BleedingRed 03-15-2022 08:45 AM

Quote:

Originally Posted by BigRedChief (Post 16191369)
Gas tumbled briefly below $100 today. It was $130 a barrel just a week ago, right? When gas prices went up a couple of $’s they raises the prices at the pump immediately. The price drops 20%-30% and no one is seeing a drop at the pumps.

Can someone who understands the market explain why the price of a barrel of oil goes up, the local gas station raises the prices despite that same gas has been in then tank for a long time. But when the barrel price drops, it doesn’t drop at the gas pump. Why?

Because of hedging.

Basically Producers and Refiners buy product at agreed price, these contracts are between 1-3 years and margin dictates profits

backinblack 03-15-2022 10:48 AM

Quote:

Originally Posted by Donger (Post 16192315)
No, they aren't. At least not the national average.

yeah I'm sorry the national average isn't exactly on my mind when I'm driving past the same gas stations every day(though I haven't yet driven by them today tbf) and the prices are still creeping up. Sucks being behind the curve I guess.

Bwana 03-15-2022 12:07 PM

I can't wait for this summer to hit and really watch it spike.


https://wwmt.com/resources/media/600...?1555515362709
https://i5.wal.co/asr/21d40866-4878-...2&odnWidth=612\
https://media.istockphoto.com/photos...JzVKuZUaqXLY4=

https://media.istockphoto.com/photos...dI3yV2yP8NcaY=

Donger 03-15-2022 12:08 PM

Ummm... petroleum jelly.

ptlyon 03-15-2022 12:10 PM

Even the cost of getting ****ed is getting worse!

Bwana 03-15-2022 12:12 PM

Quote:

Originally Posted by Donger (Post 16192786)
Ummm... petroleum jelly.


Very true, but it should help ease the pain.

BigRedChief 03-15-2022 04:04 PM

Quote:

Originally Posted by BryanBusby (Post 16191915)
Refiners are greedy, too.

Quote:

Originally Posted by crayzkirk (Post 16191935)
Because they can...

Like when fuel went up after Katrina and airlines started charging higher rates and extra for baggage. Neither of which went down.

The price goes up immediately because they need to buy gasoline to replace what is currently being sold at a higher price. Which I understand however, I have never heard a compelling reason why the opposite is not true.

Other than they just can and do, do it... It's a fixed market with a constant demand, they can pretty much screw us as much as they want because there is no alternative. Asymmetric Price Adjustment. Because there is no competition, it doesn't behave like a normal consumer market. I found data that says it takes about 4 weeks for the price to go up fully and 8 weeks to come back down.

Or for the same reason cable companies will entice new customers with all sorts of promotions yet will force existing customers to call and haggle to get a better deal.

Quote:

Originally Posted by Donger (Post 16192311)
https://www.chiefsplanet.com/BB//sho...postcount=1206

And the rapid rise in gasoline prices has stopped, at least for now.

I get the greed. That’s our system. Personally since I got my Shaker, I don’t care about gas prices. Whatever they charge, I’ll pay. But there are a lot that do care. going up a dime makes a huge difference, especially independent truckers. They spend all that time away from the families and then they get their profit margins squeezed big time.

Supply and Demand at work. Except prices have dropped 30% in a week but the price here at the local pumps hadn’t declined much. They have laws down here in Florida about jacking up prices after a crisis aka hurricanes. They are serious about enforcement too. Put people in jail, not just fines. Why can’t this apply?

BigRedChief 03-15-2022 04:09 PM

Quote:

Originally Posted by BleedingRed (Post 16192356)
Because of hedging.

Basically Producers and Refiners buy product at agreed price, these contracts are between 1-3 years and margin dictates profits

that makes sense. It’s worth whatever someone is willing to pay. I’d bet those who work and own those companies want stability, correct? Instability is bad for business, right?

Donger 03-15-2022 04:11 PM

Quote:

Originally Posted by BigRedChief (Post 16193304)
I get the greed. That’s our system. Personally since I got my Shaker, I don’t care about gas prices. Whatever they charge, I’ll pay. But there are a lot that do care. going up a dime makes a huge difference, especially independent truckers. They spend all that time away from the families and then they get their profit margins squeezed big time.

Supply and Demand at work. Except prices have dropped 30% in a week but the price here at the local pumps hadn’t declined much. They have laws down here in Florida about jacking up prices after a crisis aka hurricanes. They are serious about enforcement too. Put people in jail, not just fines. Why can’t this apply?

When the price of crude goes through the roof, gasoline prices will as well. That's not price gouging.

Bugeater 03-15-2022 04:41 PM

Had to gas up the Camaro today, $4.04 for non-ethanol blend. Go **** yourself Donger.


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