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Gasoline Prices

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thisnumbersdisconnected

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InTheLight said:
Yes, I know what you meant and you are wrong.
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InTheLight said:
Gasoline does not truly follow classic "supply and demand" economics. Some of the time it does, most of the time it doesn't.
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Utter nonsense. Did you notice that prices stabilized nationwide when we became the number two oil producer and the number one gas producer in the world last year? When did they start going up again? Hint: Think "unrest in the Mideast." :rolleyes:
InTheLight said:
The west coast uses about 1.5 million barrels of gasoline a month for the last 5 years running. There has been no gas shortage. So why has the price of gasoline gone up?
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Read my previous response in this post.

And by the way, the U.S. uses nearly 19 million barrels of oil per day! To be exact, 18.89 million. So are you going to tell me California, the home of nearly 11% of the population, only manages to use a bit over ten percent of that in an entire month? You're really not very good at this ITL, and I'm beginning to think you really are as clueless as you post.
 
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InTheLight

InTheLight

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Utter nonsense. Did you notice that prices stabilized nationwide when we became the number two oil producer and the number one gas producer in the world last year? When did they start going up again? Hint: Think "unrest in the Mideast."
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Apparently you are clueless that there is a ban in the U.S. on crude oil exports? No, gas prices started going up because US refineries started selling gasoline to other countries, to as you say "relieve their demand".

Price of Gas in U.S. Rises as Refiners Export More to Other Countries
http://online.wsj.com/news/articles/SB10001424052702304049904579516121276626720


thisnumbersdisconnected said:

And by the way, the U.S. uses nearly 19 million barrels of oil per day! To be exaxt, 18.89 million. So are you going to tell me California, the home of nearly 11% of the population, only manages to use a bit over ten percent of that in an entire month? You're really not very good at this ITL, and I'm beginning to think you really are as clueless as you post.
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Not as clueless as a person that doesn't know the difference between crude oil and refined gasoline. Done here.
 
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thisnumbersdisconnected

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Even if gasoline were measured in barrels -- it isn't -- 19 gallons of every 42-gallon barrel becomes gasoline. That means that every day, we use 8.55 million "barrels" of gasoline. That's 359 million gallons. California, at about 11% of the U.S. population, could be expected to use at least 11% of that, or 39.5 million gallons, and given the industry and number of cars in California, they probably use more than that.

Even so, note that's just under one million "barrels" a day. So they would use 1.5 million "barrels" of gasoline in a little over a day and a half.

Not in a month. :rolleyes: Please give it up.
 
church mouse guy

church mouse guy

Well-Known Member
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C4K said:
I know you asked for US prices, but thought I'd share mine anyway.

Naas (rhymes with place), So Kildare, Republic of Ireland - Saturday 5 July

$7.88 a gallon for petrol. Diesel is a little cheaper.
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Ireland must be run by liberals.
 
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