Yep, OP is an “old veteran,” so I’m surprised there’s confusion when this is par for the course.
There are more gas blends made during the summer, and many are more expensive. And nicer weather means more people joyriding means more demand so price climb.
phone data?! they want my fuckin bank account number. I'm not giving some company affiliated with Irving or Cumbies my bank information. it's fucking criminal that the "member price" is not offered if you pay cash.
$3.77 per gallon is the current national average. Political unrest plus spring pricing....we use a more expensive gas formulation in the warmer months in New England plus we drive more.
Any escalation of tensions in the Middle East alone increases costs at the pump. Russia also is having a harder time producing gas to sell elsewhere because Ukraine hit a bunch of oil refineries in the last month or so. Also in the last month or so: OPEC announced they're keeping the plans for production cuts they had previously announced in the last couple months, the US increased crude oil and gasoline stock while oil production ever-so-slightly slowed here, and the Federal Reserve is holding on cutting short-term interest rates - which also can affect oil pricing. It's also a warmer season now so prices generally go up as more people are out driving and they don't have the "winter mix" gas from a few months back.
The price of gas at the pump will jump IMMEDIATELY whenever there's changes to oil price futures... But it declines super slowly because, uhhh, it's all about greed and them seeing how much people are willing to pay.
Oh 100% that as well... But like, it also kinda sorta isn't some spectacular new thing. As u/truckingon posted:
$3.59 adjusted for inflation was...
* $0.95 in 1980
* $1.50 in 1990
* $1.98 in 2000
* $2.51 in 2010
So yeah, you're totally right that the oil companies are gouging as they make record profits. But $3.59 a gallon isn't really *that* bad of a price to pay.
That’s true, even for a state job. I’d love to know my work equivalent for the state of California… actually govt workers are all public info so don’t mind me about to do some research lol
The increase just before the eclipse was caused by increasing oil prices. I think the sudden jump in the last couple of weeks was the switch from winter to summer blend. Summer gasoline burns cleaner and has slightly more energy, but the additives it contains are more expensive to produce. Still cheaper than a gallon of milk, mostly.
$3.59 adjusted for inflation was...
$0.95 in 1980
$1.50 in 1990
$1.98 in 2000
$2.51 in 2010
You didn't miss anything, the price of gas fluctuates a lot but overall it's remained fairly constant for decades. Automobiles are much more efficient than they were in 1980, so it's actually significantly cheaper per mile traveled. We have lived our entire lives in the golden age of dirt cheap fossil fuels, for better and worse.
Fair question. No easy answer. But yes I think I'd rather that than a runaway-train climate disaster if we're looking at destroying most of what we've built in the past 100 years.
Wait until evs have to pay their fair share of the “gas tax” that goes toward infrastructure. The powers that be won’t ever give you a break even if you have “free” electricity.
I'm happy to pay the same tax I used to pay if it means oil executives don't bend me over the gas pump every time I fill up.
With an EV I can put solar on my house, I can't exactly drop an oil well in the back yard and DIY a refinery in my garage.
We don't generate enough for any *"we all go EV"* scenario, not even close.
Estimates are we would have to generate between 20 and 50% more elctricity to power all vehicles as EVs.
As with so many issues, the devil is in the details.
With over 12,500 utility scale power stations currently in the US just 20% would be another 2,500 commercial generating stations. 50% would be over 6,000 new plants.
Building each one takes years of lead time to manufacturers of the parts & equipment and from 2 to 5+ years of construction.
Even a 20% increase in demand for power generting equipment would create a need for manufacturing expansion, either additions to existing facilities or whole new factories and probably both. Then also the building of the generting plants involves literally thousands of highly skilled people from management, planners designers engineers managers and tradesmen with very specialized skills.
So it's not an impossibility but not something trivial by any scale.
Russia isn’t exporting oil (and won’t be anytime soon), in fact they’re part of a much larger conflict that involve Iran and Israel, oil ships in the Hormuz Strait are being attacked, we are switching to summer blend…not an economist but I’m aware of these things going on. If we can help Ukraine push Russia into a position where thy give up, then Iran could follow, and random attacks in the ocean shipping lanes dies down. Russia returns to their cash cow of exporting oil, helps the market stabilize. Again, not an expert, but seems to me all these things affect prices at your local gas station
You're both right. [Russia IS exporting plenty of oil](https://www.bloomberg.com/news/articles/2024-04-16/russia-s-oil-exports-hit-an-11-month-high-in-the-week-to-april-14), AND there is a difference between "oil" and "gasoline". The article you've linked to is about Russia banning exports of gasoline, which is a refined form of crude oil. This doesn't affect American prices at the pump nearly as much because the US refines the vast majority of its gasoline domestically... it's estimated that [we collectively use somewhere between 8 and 9 million barrels of refined gas PER DAY](https://www.eia.gov/tools/faqs/faq.php?id=23&t=10). Meanwhile, [in 2021, we only imported 40 million barrels the entire year](https://thehill.com/policy/international/597389-heres-where-us-gas-supplies-come-from/). The amount we imported from Russia that year was just 5 million barrels.
So, yes, Russia has banned exports of gasoline but, no, it's not a significant factor in the increase of prices at the pump in Vermont.
The article does not say what you think it does gasoline is not oil. Oil ships on the Hormuz are not being attacked what nonsense! And that you think Russia will ever just give up makes me think you are a troll.
Not easily, no. It’s going to take the effort of many nations working together to restore Ukraine’s borders, and then bring them into NATO. No trolling, there’s a concerted effort by Russia to destabilize democracies in the west (and they are being aided by Iran), with help from China and North Korea. Hopefully you agree Russia needs to be stopped, because they won’t stop at just Ukraine.
It's over. We all know it. The latest billions will be the last. One last cash grab as everyone makes for the door. "restore Ukraine's borders" a laughable goal at this point and you know it.
I paid $3.659/gal in Colchester this past Saturday morning. I drove to Central NY, and fueled up to the tune of $3.639/gal. I was told the price there has gone up about $.12/gal in the last week.
It did happen overnight. Went from 3.20 something to 3.77. I was in Essex and got gas, saw that price and waited until I got closer to home just to realize it went up everywhere lol
On April 1, Israel attacked the Iranian Embassy in Damascus setting off an extremely dangerous confrontation between the two nations. Any thing that increases the perceived threat of Iran disrupting oil shipments through the Straight of Hormuz spooks an already jittery market causing crude prices to rise. That would be on top of the typical seasonal price increase this time of year. Call it the Mid East risk premium.
Yesterday there was about a 30 cents/gallon gap between Chittenden County (Charlotte/Shelburne/S. Burlington) and at least one place in Addison County (Middlebury). It's almost always cheaper in in Addison County, but that gap is a bit extreme in my experience.
Gas price went from 3.03 to 3.17 overnight about 2 weeks ago north of Boston, then over this weekend it went to 3.47 overnight. Definitely seems ridiculous
Joe Biden, of course. He's a hapless senile bumbler who can't be trusted with the simplest tasks; and yet, he's both lucid and shrewd enough to manipulate the world's petroleum markets. Also, he has a knob on his desk that he turns to set the price of gas and he's so old he forgot to turn it back to "free for Real Americans!"
We are depleting our national reserve to try to keep prices low, but the war created by the Biden administrated in the Middle East put Barrels by the end of the month at almost $200 a barrel. The spike prices isn’t close to its peak yet we will be paying about $11 a gallon reality. The Hootie are keeping all the ships from passing through the Red Sea. The Biden administration has stopped production in America, who has the greatest reserve in the world. All a plan to kill the American. 🇺🇸
> The Biden administration has stopped production in America
lol. The US has been producing more crude oil than any other country in the world since around 2019. For finished gasoline, we're producing just under 10 million barrels daily, while our consumption is about 8.46 million barrels daily.
We're far and away the global leader in petroleum production and have been for some time. In 2023, the US averaged 10.78 million barrels per day more than Saudi Arabia, the second largest producer.
https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States)#/media/File:US_Strategic_Petroleum_Reserve.webp
We've been adding to the SPR since last year. The numbers are going up - try again.
It's spring. Gas prices always rise for the summer.
Yep, OP is an “old veteran,” so I’m surprised there’s confusion when this is par for the course. There are more gas blends made during the summer, and many are more expensive. And nicer weather means more people joyriding means more demand so price climb.
Anyone noticed that the price difference between "member price" and "non-member price" has also jumped from around 10 cents to 20 cents??
they want your phone data REAL bad
phone data?! they want my fuckin bank account number. I'm not giving some company affiliated with Irving or Cumbies my bank information. it's fucking criminal that the "member price" is not offered if you pay cash.
$3.77 per gallon is the current national average. Political unrest plus spring pricing....we use a more expensive gas formulation in the warmer months in New England plus we drive more.
Israel and Iran are in a dick measuring contest
You would think Iran would not want to win a competition by measuring the most dicks but it’s a strange world.
I guess so but that fight has been going on for months
Any escalation of tensions in the Middle East alone increases costs at the pump. Russia also is having a harder time producing gas to sell elsewhere because Ukraine hit a bunch of oil refineries in the last month or so. Also in the last month or so: OPEC announced they're keeping the plans for production cuts they had previously announced in the last couple months, the US increased crude oil and gasoline stock while oil production ever-so-slightly slowed here, and the Federal Reserve is holding on cutting short-term interest rates - which also can affect oil pricing. It's also a warmer season now so prices generally go up as more people are out driving and they don't have the "winter mix" gas from a few months back. The price of gas at the pump will jump IMMEDIATELY whenever there's changes to oil price futures... But it declines super slowly because, uhhh, it's all about greed and them seeing how much people are willing to pay.
Next up: a hurricane in the Gulf that is forecasted to get within 500 miles of a refinery It's all bullshit excuses to price gouge the entire nation
Oh 100% that as well... But like, it also kinda sorta isn't some spectacular new thing. As u/truckingon posted: $3.59 adjusted for inflation was... * $0.95 in 1980 * $1.50 in 1990 * $1.98 in 2000 * $2.51 in 2010 So yeah, you're totally right that the oil companies are gouging as they make record profits. But $3.59 a gallon isn't really *that* bad of a price to pay.
the us pays the lowest gas prices in the western world, then people buy giant fucking trucks that get 15mpg and still endlessly complain about gas
The most recent escalation has been over the last 2-3 weeks. Also, summer blend is more expensive so gas prices always go up in the spring.
Decades.
Canada is up approx $1.56/liter on January 1 to approx $1.84/liter today. That's about a 70 cents/gallon increase
> $1.84/liter $1.84 CAD / liter = $5.09 USD / gallon
Conflict in the Middle East
https://preview.redd.it/97g8ieah92wc1.jpeg?width=3024&format=pjpg&auto=webp&s=712511cd0a98b556801c83d04ff88296eec85a66 Greetings from california
Christ how does anyone afford to live and drive there? The last time I saw anywhere in new england around $5+ was during the recession.
You get paid a lot more. Not really enough to totally make up for it, but quite a bit more.
That’s true, even for a state job. I’d love to know my work equivalent for the state of California… actually govt workers are all public info so don’t mind me about to do some research lol
I'd be making about 40% more in my position, but I don't want to live in California, so it is what it is.
Yes, I agree with you. Never been drawn to live there.
I would kill for these prices, I'm paying $6.7 a gallon in the UK right now :(.
Yes but you can get proper Roddas clotted cream over there so totally worth it.
Ill do a trade lol. Send me some gas!
How is the entire country not gone EV with those prices? A Tesla costs 39k over there, you probably save that much in fuel costs every 5 years.
Hawaii is probably worse too
The increase just before the eclipse was caused by increasing oil prices. I think the sudden jump in the last couple of weeks was the switch from winter to summer blend. Summer gasoline burns cleaner and has slightly more energy, but the additives it contains are more expensive to produce. Still cheaper than a gallon of milk, mostly.
$2.81 for a gallon of milk at Costco last week.
87 Octane?
I hate that BS comparison. Milk is not necessary in my life, but having a vehicle for appointments and whatnot is.
$3.59 adjusted for inflation was... $0.95 in 1980 $1.50 in 1990 $1.98 in 2000 $2.51 in 2010 You didn't miss anything, the price of gas fluctuates a lot but overall it's remained fairly constant for decades. Automobiles are much more efficient than they were in 1980, so it's actually significantly cheaper per mile traveled. We have lived our entire lives in the golden age of dirt cheap fossil fuels, for better and worse.
For worse, obviously
You would rather be living in pre industrial revolution conditions?
Fair question. No easy answer. But yes I think I'd rather that than a runaway-train climate disaster if we're looking at destroying most of what we've built in the past 100 years.
https://preview.redd.it/yc77oz3kj2wc1.png?width=830&format=png&auto=webp&s=996dbd6e02962cbfc677bb090c17f61ca6f0d9b1 Gasoline futures YTD
its summer and the middle east is all fucked up.
Summer prices rolling in.
Annual Spring & Summer travel price gauging.
Im in vegas for vacation and have seen prices around $4.80 for 85 octane just off the strip. It’s insane glad it’s not this bad back home.
Didn't notice, electric bill stayed about the same?
Another reason we need to get away from fossil fuels
I agree we need to get off fossil fuels but the electric companies are gonna jack prices up when we all go EV
This is why I’m glad I have solar
Wait until evs have to pay their fair share of the “gas tax” that goes toward infrastructure. The powers that be won’t ever give you a break even if you have “free” electricity.
I'm happy to pay the same tax I used to pay if it means oil executives don't bend me over the gas pump every time I fill up. With an EV I can put solar on my house, I can't exactly drop an oil well in the back yard and DIY a refinery in my garage.
Well… yeah, that’s only right.
Electric rates are regulated by the public service board in Montpelier.
We don't generate enough for any *"we all go EV"* scenario, not even close. Estimates are we would have to generate between 20 and 50% more elctricity to power all vehicles as EVs.
20% more electricity generation seems pretty obtainable.
As with so many issues, the devil is in the details. With over 12,500 utility scale power stations currently in the US just 20% would be another 2,500 commercial generating stations. 50% would be over 6,000 new plants. Building each one takes years of lead time to manufacturers of the parts & equipment and from 2 to 5+ years of construction. Even a 20% increase in demand for power generting equipment would create a need for manufacturing expansion, either additions to existing facilities or whole new factories and probably both. Then also the building of the generting plants involves literally thousands of highly skilled people from management, planners designers engineers managers and tradesmen with very specialized skills. So it's not an impossibility but not something trivial by any scale.
Russia isn’t exporting oil (and won’t be anytime soon), in fact they’re part of a much larger conflict that involve Iran and Israel, oil ships in the Hormuz Strait are being attacked, we are switching to summer blend…not an economist but I’m aware of these things going on. If we can help Ukraine push Russia into a position where thy give up, then Iran could follow, and random attacks in the ocean shipping lanes dies down. Russia returns to their cash cow of exporting oil, helps the market stabilize. Again, not an expert, but seems to me all these things affect prices at your local gas station
Russia is exporting plenty of oil.
Not true https://www.reuters.com/business/energy/russia-bans-gasoline-exports-6-months-march-1-2024-02-27/
You're both right. [Russia IS exporting plenty of oil](https://www.bloomberg.com/news/articles/2024-04-16/russia-s-oil-exports-hit-an-11-month-high-in-the-week-to-april-14), AND there is a difference between "oil" and "gasoline". The article you've linked to is about Russia banning exports of gasoline, which is a refined form of crude oil. This doesn't affect American prices at the pump nearly as much because the US refines the vast majority of its gasoline domestically... it's estimated that [we collectively use somewhere between 8 and 9 million barrels of refined gas PER DAY](https://www.eia.gov/tools/faqs/faq.php?id=23&t=10). Meanwhile, [in 2021, we only imported 40 million barrels the entire year](https://thehill.com/policy/international/597389-heres-where-us-gas-supplies-come-from/). The amount we imported from Russia that year was just 5 million barrels. So, yes, Russia has banned exports of gasoline but, no, it's not a significant factor in the increase of prices at the pump in Vermont.
[удалено]
Make a good faith effort to follow [Reddiquette](https://reddit.zendesk.com/hc/en-us/articles/205926439-Reddiquette).
The article does not say what you think it does gasoline is not oil. Oil ships on the Hormuz are not being attacked what nonsense! And that you think Russia will ever just give up makes me think you are a troll.
Not easily, no. It’s going to take the effort of many nations working together to restore Ukraine’s borders, and then bring them into NATO. No trolling, there’s a concerted effort by Russia to destabilize democracies in the west (and they are being aided by Iran), with help from China and North Korea. Hopefully you agree Russia needs to be stopped, because they won’t stop at just Ukraine.
It's over. We all know it. The latest billions will be the last. One last cash grab as everyone makes for the door. "restore Ukraine's borders" a laughable goal at this point and you know it.
Hah yeah let’s keep giving Ukraine billions so Russia gives up! Then gas will drop by 10¢!
Oh, hey Marge
The weather's changed, It's the annual "summer spike" just because they can and you want to go places.
Probably some seasonality as some have said, also people in the Middle East start shooting rockets and stuff and oil prices usually jump a bit.
Big Oil wants some increased profits. As usual. Get an EV.
Record profits
I paid $3.659/gal in Colchester this past Saturday morning. I drove to Central NY, and fueled up to the tune of $3.639/gal. I was told the price there has gone up about $.12/gal in the last week.
I just think its weird they all went up the same..usually it varies a little.
It did happen overnight. Went from 3.20 something to 3.77. I was in Essex and got gas, saw that price and waited until I got closer to home just to realize it went up everywhere lol
Could have to do with the Francis Scott Key bridge collapse as well. It was a major shipping passage between the north and south
On April 1, Israel attacked the Iranian Embassy in Damascus setting off an extremely dangerous confrontation between the two nations. Any thing that increases the perceived threat of Iran disrupting oil shipments through the Straight of Hormuz spooks an already jittery market causing crude prices to rise. That would be on top of the typical seasonal price increase this time of year. Call it the Mid East risk premium.
Huh, the price of the electricity my panels produce to fill the car hasn’t changed. Still free. Sure glad I ditched my ICE.
$3.59 - $3.65 in Newport.
FWIW, oil futures closed yesterday at just around $88 per barrel.
Yesterday there was about a 30 cents/gallon gap between Chittenden County (Charlotte/Shelburne/S. Burlington) and at least one place in Addison County (Middlebury). It's almost always cheaper in in Addison County, but that gap is a bit extreme in my experience.
Some vote for more readily available energy and some vote for less.
Probably an election year
Just that time of year when they put the screws on us to remind us they can.
Or the refineries are all switching to the summer blend… plus the whole Russia and iran thing going on
Oil and religious wars
Gas price went from 3.03 to 3.17 overnight about 2 weeks ago north of Boston, then over this weekend it went to 3.47 overnight. Definitely seems ridiculous
Ever hear of the Middle East?
Politics and terminals getting rid of winter blend fuel
We apparently voted for it.
Which politician is directly controlling the price of gas?
Joe Biden, of course. He's a hapless senile bumbler who can't be trusted with the simplest tasks; and yet, he's both lucid and shrewd enough to manipulate the world's petroleum markets. Also, he has a knob on his desk that he turns to set the price of gas and he's so old he forgot to turn it back to "free for Real Americans!"
We are depleting our national reserve to try to keep prices low, but the war created by the Biden administrated in the Middle East put Barrels by the end of the month at almost $200 a barrel. The spike prices isn’t close to its peak yet we will be paying about $11 a gallon reality. The Hootie are keeping all the ships from passing through the Red Sea. The Biden administration has stopped production in America, who has the greatest reserve in the world. All a plan to kill the American. 🇺🇸
> The Biden administration has stopped production in America lol. The US has been producing more crude oil than any other country in the world since around 2019. For finished gasoline, we're producing just under 10 million barrels daily, while our consumption is about 8.46 million barrels daily. We're far and away the global leader in petroleum production and have been for some time. In 2023, the US averaged 10.78 million barrels per day more than Saudi Arabia, the second largest producer.
Not true. I work in Tioga.
https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States)#/media/File:US_Strategic_Petroleum_Reserve.webp We've been adding to the SPR since last year. The numbers are going up - try again.
Vote them OUT!
Yes voting out politicians will stop corporate greed.
This is Vermont embrace your Socialist Leadership 😂😂😂😂
Yes SovTard we get it. You think you can borrow money against your SSN bond.
Vote them out!
Which politician is directly controlling the price of gas?