How much is your local "Trump at the Pump Tax?"

Standard petrol price is down to $1.74AUD / ltr here now .... but we have a long weekend approaching and this being a tourist town, it will go up for the 4 days or so, then return to what ever the going price is then ......

T1 Terry

 

I believe that is all possible here, and I don't see why a V2L would be treated differently than a stationary battery or generator. It is the affect of regulations I'm clueless about, which will vary by region.

Zoning might require grid hook up here. I'll look into it when the time comes to get a battery.

Since the physical penny is gone, I want digital transactions to move to using the mil.

 

It’s sales tradition not to round up the penny to make the first number stay small. For some reason it does work on the brain to make it seem less. Like now, the 47 tax increase price at the pump is 5.89, 5.99, which seems less than $6 because it’s more a reaction than thinking. If you think, it’s about the same. Like 47 supporters will react “ no pain no gain” or “it’s just for awhile” or the worst “I see $1.89.”

 

Sure, but they can still do that with the last penny on the price - and they usually do.

 

So we need a marketer or AI to explain why most signs of things for sale end with a 9.

 

Plenty of people simply don't see the cents portion of a listed price. $9.99 is processed as $9, which lower to them than $10. It is enough of the population that when JCPenny went to whole dollar pricing and dropped the $.99, it back fired.

 

Costco here is back under $4/gal.

 

lookup speedway affect, it’s $3.79 here but… that may only be a sign of the speedway affect at work

 

AAA is showing multiple States are now in the $3 range this AM :

AAA Fuel Prices

..... with the poor slobs in Calif still hitting nearly $6

 

When prices go up so much, people drive less. It takes awhile as their credit cards come due. Then prices come down a bit. Until 2026, presidents have had little to do with oil prices. Not in 2026, it was all his fault.

 

Not being familiar with "Speedway effect", I did have to look it up.

The Speedway chain has no meaningful presence in my normal travel region, and the price pattern it causes is not present in gas price history charts here. It appears that Ohio is likely the most afflicted area:

 

strategic oil reserves at lowest point in 40 years.

inflation opposite.

debt increasing at an historical rate.

I'm not worried about gas prices

 

We are living off oil reserves from several countries, it's going to be a delayed crash. I think part of this whole war thing is to drag down China but don't think it's going to work because they have diversified energy especially coal. Either way Israel is screwed, it's just the hardliners that are pushing this, their military is against it because they know it's unwinnable. Israel has been successfully bombed unlike any time in their history. Another thing that's screwed is the US oil dollar. All the Arab countries are figuring out that the USA is a paper tiger now that the modes of war have shifted to drones. 13 of our bases surrounding Iran have been damaged and mostly abandoned, not only did they threaten Iran they were protecting the Arabs and Israel. We lost 50 planes in a matter of weeks, unprecedented compared to decades before. On the bright side the House just voted to end the war, surprising considering they are de facto controlled by Israel.

 

love it, the $3 range is that 9.99 9/10 being in the $9 range, not $10 a gal

Say we go with $3.75gal, 3.785 ltrs = 1USgal. = 99.07 US cents = 99.07 x 1.4 = $1.38.7ltr AUD, $1.56 Brisbane and Perth, $1.61 in most of the other capitals, not much in it and we are on the start of a 3 to 4 day holiday weekend, so prices tend to go up to milk the travelling public
... Tight arse Tuesday (the normal shopping wide discount day) will be an interesting comparison

T1 Terry

 

The speedway affect is a business strategy from the 60’s that your gas price is sinusoidal without any apparent reason, but tricks the customer with longer “up” periods than down.
But if there is any volitility or Change in wholesale prices expect extreme price jumps and general volatility, up like a rocket, down like a feather be damned.

Historically it was found around any location with even a single speedway but if you track the last year of prices it appears to have replaced more stable methods nationally.

if you watch, any time the gas price goes down even a little every social media account on x and fbook explodes bombarding everyone’s feeds announcing it.

Usually within days or even a couple weeks the price skyrockets after the dip and the influencer types go silent.

The fundamentals causing prices to rise are actually worse than even a few weeks ago, if this is a speedway affect related dip it should inspire terror as the bounce up could be massive
as the strategic reserve is 2/3’s full of tar and sludge meaning its level is actually lower than 2-3 years ago (fifo, mixing and maintenance stopped early 25)
Summer means higher fuel use
This summer appears to have an abnormal number of road projects in many regions which also hurts supply.
Supply isn’t better on paper anyway.
The us laws shielding domestic fuel from export have been weakened so we compete for our own oil on the world bidding market.

if fuel prices actually drop and stay there it would mean people worldwide are driving less, producing less, and using less hydrocarbons in industry. Very possible but without a severe shutdown unlikely to be enough

 

Naturally. Giving your own population first shot at a critical limited resource is commie, or gay, or is it both? Both is virtually the same as grooming, and that leads directly to the trans, and we can't have that. Think of the children!

 

With world events and the SPR being drawn down, the Speedway affect isn't going to apply. The affect is a retail practice, while this is all wholesale disruptions.

I expect prices to go up once the SPR hits the sludge.

 

More to read on oil export ban, too much. I read in 2015 the ban or shield on exports was lifted. So from 1975-2015 there was a ban. Interesting lifting the ban was under Obama, which led to higher oil production in the US. Too much to read about everything.

 

Still feels fine to be in freefall though. Say, what's that rushing up at us?