[335twins]

can someone shine some light why crude oil is at $50 a barrell and gas prices are the same or close to when barrel of oil was $100? wtf is going in here, are we getting band over or what...

[chillindrdude]

Originally Posted by 335twins

can someone shine some light why crude oil is at $50 a barrell and gas prices are the same or close to when barrel of oil was $100? wtf is going in here, are we getting band over or what...

to go from crude to pump gas requires refining.

gas companies have been clamping down on refining output to keep prices high.

for example, i read sunoco recently shut down a refinery (during the high driving summer season) for "unspecified repairs".

so simple supply/demand.

and yes, we are getting bent over. oil companies/execs making record profits. and they still get subsidies / tax break. f-ing bullshit.

[N55]

Just paid $3.09 for 93 Octane. 2 Months ago paid $3.29 for 93 Octane.

[OneRib]

Also some states are increasing the gas tax. PA did at the beginning of the year. Smart move as people didn't really notice with the lower gas prices. By the time they go up again there won't be anger at the state.

[Swancoat]

Originally Posted by chillindrdude

to go from crude to pump gas requires refining.

gas companies have been clamping down on refining output to keep prices high.

for example, i read sunoco recently shut down a refinery (during the high driving summer season) for "unspecified repairs".

so simple supply/demand.

and yes, we are getting bent over. oil companies/execs making record profits. and they still get subsidies / tax break. f-ing bullshit.

Please tell me what oil company is making record profits so I can buy their stock.

[chillindrdude]

http://www.reuters.com/article/2015/...10U0U620150819

http://www.cnbc.com/2015/08/14/refin...mp-expert.html

Happy now?

Crude prices down nearly 60% since this time last year. But profits only down around 40-50%.

Sounds bad, but considering expenses of R&D, exploration, personnel, it's pretty damn good in perspective. But I guess you have an axe to grind given your smug (sounding) response.

[infamousdiz]

Originally Posted by 335twins

can someone shine some light why crude oil is at $50 a barrell and gas prices are the same or close to when barrel of oil was $100? wtf is going in here, are we getting band over or what...

summer blend is more expensive to produce then the winter blend too. you will see a 50 cent swing downward by the new year

[TrAcK TRaP]

it will be around $1.80 a gallon (regular) soon guys..

[1MOREMOD]

Im liking that diesel has held at price cheap as regular for a decent while.

[csu87]

E85 is under $2. Time for you to make the switch

[1MOREMOD]

Nah my Mazda sky active lmp2 car does fine on diesel.

[ASBSECU E93]

Originally Posted by 1MOREMOD

Nah my Mazda sky active lmp2 car does fine on diesel.

My diesel(s) also run fine on Diesel...getting 670 miles per tank on my stage II Jetta...

Having a stage II tune and DPF/AdBlue delete on my Touareg today

FWIW - 93 Oct is $2.28 / Gallon here

[tony20009]

Originally Posted by 335twins

can someone shine some light why crude oil is at $50 a barrell and gas prices are the same or close to when barrel of oil was $100? wtf is going in here, are we getting band over or what...

• http://www.marketwatch.com/story/why...ows-2015-08-15
• http://www.cnbc.com/2015/08/17/when-...lling-oil.html
• http://www.washingtonpost.com/news/e...nt-gas-prices/
• http://oil-price.net/en/articles/why...rices-fall.php

Is there something you want to know that hasn't been addressed in the popular press?


All the best.

[F30lolz]

Man I remember when I first started driving back in 1994 gas in upstate NY was $1.25 for 93.

[tony20009]

Originally Posted by F30lolz

Man I remember when I first started driving back in 1994 gas in upstate NY was $1.25 for 93.

Just be glad you missed the rationing and long lines of the Oil Crises in the early and late 1970s. People were nearly apoplectic over 50¢/gallon gas, to say nothing of having to wait in long lines to pay that "astronomically high" price for it.

All the best.

[F30lolz]

Originally Posted by tony20009

Just be glad you missed the rationing and long lines of the Oil Crises in the early and late 1970s. People were nearly apoplectic over 50¢/gallon gas, to say nothing of having to wait in long lines to pay that "astronomically high" price for it.

All the best.

I've heard of these stories. Matter of fact, back in 2011/2012 there was a somewhat gas shortage for a week in my area (1.5 hours north of NYC) where there were lines but not as long as above and gas stations had no gas. Kinda stressful when my daily then was a E39 M5

[tony20009]

Originally Posted by F30lolz

I've heard of these stories. Matter of fact, back in 2011/2012 there was a somewhat gas shortage for a week in my area (1.5 hours north of NYC) where there were lines but not as long as above and gas stations had no gas. Kinda stressful when my daily then was a E39 M5

Did you ever sit in the line only to have the station run out just as you got a car or few away from "your turn?"







IIRC, our 1972 (? -- maybe older or newer by a year, don't recall precisely, but it doesn't matter either way) Buick Electra got about 10 mpg if driven "normally" (don't have a heavy foot lest you'll be in single digits, but I don't think it got so bad that it was measured in gallons per mile...LOL) and a 25 gallon fuel tank.

Interestingly, that car was two feet longer than a current 7 Series, weighed about 400lbs more, and had four inches less legroom in the back seat, but had about five inches more shoulder room in the front and back. I found the last detail funny because it means that as Americans have gotten wider, luxury cars have gotten narrower. LOL

All the best.

P.S./Off Topic:
For folks who like to compare car specs: http://www.automobile-catalog.com/

[1MOREMOD]

Originally Posted by ASBSECU E93

My diesel(s) also run fine on Diesel...getting 670 miles per tank on my stage II Jetta...

Having a stage II tune and DPF/AdBlue delete on my Touareg today

FWIW - 93 Oct is $2.28 / Gallon here

Didn't know you could do a adblue delete. Does it make the thing smoke like a diesel truck with stacks? Damn 2.28 is cheap!

[David70]

Originally Posted by chillindrdude

and yes, we are getting bent over. oil companies/execs making record profits. and they still get subsidies / tax break. f-ing bullshit.

Originally Posted by chillindrdude

Crude prices down nearly 60% since this time last year. But profits only down around 40-50%.

Record profits that are only down 40-50%? Not following.

[ASBSECU E93]

Originally Posted by 1MOREMOD

Didn't know you could do a adblue delete. Does it make the thing smoke like a diesel truck with stacks? Damn 2.28 is cheap!

Really not that bad, only when it's cold or when you put the hammer down - been DPF free on the Jetta for a year now...

Leaving the cat and muffler canister on the Treg....but she'll be north of 500 lb ft torque, about 300 hp...sub 6 to 60 SUV

[ASBSECU E93]

Originally Posted by tony20009

Just be glad you missed the rationing and long lines of the Oil Crises in the early and late 1970s. People were nearly apoplectic over 50¢/gallon gas, to say nothing of having to wait in long lines to pay that "astronomically high" price for it.

I was a young child at this time and my parents owned a 70 Mach1 Mustang with a 351 Cleveland big block. It was a converted dragster, got maybe 12 mpg....

Funny how some events from your early memories are seared into the brain....

[1MOREMOD]

Hmm I have x5d with jbd and make around 300/525. We also have a new sportwagen tdi but haven't tuned it yet.