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Gas Prices

Discussion in 'Prime Main Forum (2017-2022)' started by huskers, Dec 18, 2020.

  1. jerrymildred

    jerrymildred Senior Member

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    Prices here have dropped by at least 20 cents in the past few days.
     
  2. privilege

    privilege Active Member

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    real gasoline (not corn blends) was not included in this study.

    reducing energy by adding other less energy dense stuff (like corn) is always going to reduce output.


    6a00d8341c4fbe53ef0120a63324a5970c-800wi.png
     
  3. Classic Car Guy

    Classic Car Guy Active Member

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    I kind of saw they are giving Californians some gas money which will help the ones in a timely need,
     
  4. ChapmanF

    ChapmanF Senior Member

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    The axis label "BTU per hp hr" on the graphic in #82 right away suggests it isn't showing what privilege may think it is. We see clearly that the vehicles running on E85 (purple bars) consume the least energy in BTUs for the same horsepower hours, which is to say the engine is running more efficiently. So even though the E85 contains the least energy in BTUs per gallon, the vehicle's consumption in gallons goes up less than you'd think, because it is making better use of those BTUs.

    Indeed, the paper that graphic came from lays it out on page 20:

    Of course whatever that 2009 paper said about cost per mile will be sensitive to changes in the relative costs of the gasoline and ethanol.
     
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  5. huskers

    huskers Senior Member

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    Same here. Down to $434 now.
     
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  6. Classic Car Guy

    Classic Car Guy Active Member

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    gas is the least and the main problem. they are kneecapping the middle class including the business truck drivers that owns their own truck and delivering your food.. and the working middle class that gives everyone's paychecks. When they go down, we all go down including the proud owners of toyota hybrids and prius prime owners unless you have a minimum of $5 million in liquid assets stashed. youll be able to survive in the next 4 years and hopefully the tide will change.
     
  7. aaf709

    aaf709 Ravenpaw of ThunderClan

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    Last I paid was $6.19 in San Diego, CA.
     
  8. Rmay635703

    Rmay635703 Senior Member

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    Truck drivers were kneecapped by the change decades ago to make them all contractors that don’t get actual pay exceeding minimum wage, insurance, or any other benefits like their predecessors
     
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  9. Classic Car Guy

    Classic Car Guy Active Member

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    Over 5 million barrels of oil from U.S Strategic Reserve released by the Biden administration to help lower domestic fuel prices were reportedly exported to Europe and Asia, even as U.S. gas prices touched record highs.
     
  10. Rmay635703

    Rmay635703 Senior Member

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    Used to be export bans that kept domestic oil in the US.

    Lots of investor rage when those were in place
     
  11. bisco

    bisco cookie crumbler

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    gas went down a dime here, so joe's doing a bang up job, despite the naysayers
     
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  12. Gokhan

    Gokhan Senior Member

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    Mortgage interest rates fell almost half a percentage today, and it looks like they will continue to fall:

    Mortgage rates—Freddie Mac

    The markets are also sharply up today.

    These are good signs that the economy is starting to recover.
     
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  13. Salamander_King

    Salamander_King Senior Member

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    Looked at the link. I feel so lucky that I refinanced ours when the rate was "historical" low. I don't think we are going to see a 2% mortgage rate anytime soon, maybe 'never'?
     
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  14. Gokhan

    Gokhan Senior Member

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    I was lucky, too, and refinanced with the historical minimum in the rates in early 2021.
     
  15. Classic Car Guy

    Classic Car Guy Active Member

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    Its was 2020 when I got my 2.21% fixed. Thanks to President Trump!
     
  16. pghyndman

    pghyndman Active Member

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    Mortgage rates... what's a mortgage?!? :cautious:
     
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  17. bisco

    bisco cookie crumbler

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    ask president trump, he's got a ton of them
     
  18. Gokhan

    Gokhan Senior Member

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    Yes, if only his coup d'état had succeeded. ;)
     
  19. fuzzy1

    fuzzy1 Senior Member

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    ... and the Covid-19 recession.
     
  20. huskers

    huskers Senior Member

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    Saw gas in town today for $3.99.
     
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