[vision-master]

All time high today....... $4.19 gal here. I figure the middle east conflict should kill the American way of life shortly. Are west Coast prices @ $5 + gal now?

[Beery1]

I have a 90 cent spread here in suburban Maryland - as little as $3.35 for regular and as much as $4.25 for premium. Not that I care about gasoline prices - gasoline is for suckers - I've never had to buy even a teaspoon of the stuff in my life. But I like to keep track to see how it's gonna affect food prices.

[Econ101]

From $3.81 this morning to $4.30 this afternoon!

Dont think for a minute it reflects supply.

One reason gas prices are uncoupled from oil is the electric and hybrid car. These things are showing just how much some consumers are willing to pay to drive, so, at least to a degree we will all pay more. Its an unintended consequence but its real.

We are also having trouble with the EPA. They have made refining very difficult. Certainly refining capacity is tough to permit. There is one refinery North of Sioux Falls, SD that opened last year. The Fort Berthold Nation is building another. Both are small but have room to grow, especially Fort Berthold.

There are a lot of ways to control things, as recent political developments are showing. Some of these things are costing you a lot of money, me too, at the pump.

Just think if that 900,000 barrels North Dakota pumped today would flow right into a gas refinery for distribution to the United States in a non-political, efficient distribution system!! Every picture tells a story dont it!!

[John_A]

$this->bbcode_second_pass_quote('vision-master', 'A')ll time high today....... $4.19 gal here. I figure the middle east conflict should kill the American way of life shortly. Are west Coast prices @ $5 + gal now?

[John_A]

$this->bbcode_second_pass_quote('Beery1', 'I') have a 90 cent spread here in suburban Maryland - as little as $3.35 for regular and as much as $4.25 for premium. Not that I care about gasoline prices - gasoline is for suckers - I've never had to buy even a teaspoon of the stuff in my life. But I like to keep track to see how it's gonna affect food prices.

[careinke]

For Regular today. The Low I saw was 4.03 and $4.17/gal the high. Whats up?

[Econ101]

SNAP (food stamps) affects food prices more than fuel costs.

[Plantagenet]

$this->bbcode_second_pass_quote('Beery1', 'g')asoline is for suckers - I've never had to buy even a teaspoon of the stuff in my life.

[Pops]

$this->bbcode_second_pass_quote('', 'J')ust think if that 900,000 barrels North Dakota pumped today would flow right into a gas refinery for distribution to the United States in a non-political, efficient distribution system!! Every picture tells a story dont it!!

[Pops]

$this->bbcode_second_pass_quote('Econ101', 'S')NAP (food stamps) affects food prices more than fuel costs.

[Peak_Yeast]

Hi Pops

Thanks for bringing up that graph again.

When i was looking at it one thing struck me:
It looks like the correlation between food price and oil price has increased noticably in the last few years of the graph.

Earlier on in the graph it looks like food prices had some kind of "buffer" - maybe long term energy contracts - but now it looks like they are paying spot price for the energy or some similar effect.

Do you or others have some thoughts/data about how this has come about?

[John_A]

$this->bbcode_second_pass_quote('careinke', 'F')or Regular today. The Low I saw was 4.03 and $4.17/gal the high. Whats up?

[ROCKMAN]

Pops – “Just think if that 900,000 barrels North Dakota pumped today would flow right into a gas refinery…” Colour me confused again: AFAIK every bbl of oil produced in N Dakota does flow into a refinery somewhere. Along with every future bbl. And along with the 18 million bbls of oil we consume every day.

And not to take a bit of credit away from beery but I had never bought a teaspoon of motor fuel for the first 25 years of my life. And the grandparents who raised me never bought a teaspoon of motor fuel their entire lives. OTOH they and I have depended on the consumption of motor fuel for ever day of our lives. We might not have been burning any but someone was for our benefit.

Now if I could get about 100 million Americans to follow beery’s lead I could buy that V8 4X4 pickup I’ve always longed for. LOL.

[Pops]

$this->bbcode_second_pass_quote('Peak_Yeast', 'H')i Pops
It looks like the correlation between food price and oil price has increased noticably in the last few years of the graph.

[Tanada]

$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('Peak_Yeast', 'H')i Pops
It looks like the correlation between food price and oil price has increased noticably in the last few years of the graph.

[Peak_Yeast]

$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('Peak_Yeast', 'H')i Pops
It looks like the correlation between food price and oil price has increased noticably in the last few years of the graph.

[SeaGypsy]

That's the expectation of those who forget the rest of the world, outside the USA and the rest of the price based demand destruction sphere. There is another part of the world where it takes several hours wages to buy 1 liter (1 Gal/ 3.8L) of gasoline, where a full 12 hour day might buy a gallon- these places are still growing their demand. What does this say about the DD regions? The expectation of cheap gas is the real issue, not value for money or utility for perceived necessity. To those likely to supply the next 30 years of oil, does demand destruction in the developed world matter when the rest of the world is willing to work it's butt off to pay for the product?

[Pops]

Yeast,
The thing about food prices is that the driver of supply is not fast to respond to changes in the market simply because the production cycle is long. I raise feeder calves, from the time the decision is made to add a new calf to the markets several years go by. Instead of selling a heifer into the slaughter market she is bred, then she calves then the calf is raised and slaughtered. Right now decisions are being made that affect the beef supply in 2016. Obviously not everything is on as long a cycle as dairy and beef but potential damage to the winter wheat crop for a cold spring for example is impacting how much corn is planted right now, which affects what the cost is to feed the above mentioned calf in 2 years...

I'm off topic.

[Beery1]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('Beery1', 'g')asoline is for suckers - I've never had to buy even a teaspoon of the stuff in my life.

[SeaGypsy]

Suckers like the providers of all those services? Should they prefer to go out of business if they can't 'do it on a bike'? (Just askin')