The market is worldwide. When supply is taken away the price goes up.Can someone explain why we are so tied to Hormuz when we have oil here? I get they have a different type of oil, but only 8% of our crude comes from the Middle East. Why does it affect us so much?
I think it was approaching $1/gallon during that time period - a price we thought we'd never see.Can't remember the gas prices, but in 1981 thereabouts, President Carter had us waiting in long gas station lines....sometimes wrapping around the block. He also had us at 18-20% interest rates....can you imagine financing a house at that rate? Of course this led to a GOP President in Ronald Reagan. He soon applied common sense policy and like clockwork, gas became plentiful, and mtg. rates dropped to about 4-5 %.
I was making the point that I don’t think this will last.The point is why did you feel the need to bring Trump into this? Not a single post in the thread was criticizing him (unless it was someone I have blocked, which is possible).
Would you like to bet?Unless Hormuz is opened without restrictions in the next 6 months or so it won't be. We are going to see gas prices, adjusted for inflation, that we have never seen before. Unlike in The 70s we won't see shortages, except possibly in California.
I don’t think it’s that we are tied to Hormuz. Just think it’s a supply and demand thing.Can someone explain why we are so tied to Hormuz when we have oil here? I get they have a different type of oil, but only 8% of our crude comes from the Middle East. Why does it affect us so much?
Are you slow?
79 was Carter and that gas crisis. Reagan wins in 1980 election. The 73 oil embargo was worse. The price didn't matter because you were happy just to get some. You had to plan your day around getting gas. You had to get in line at 4 am to get your allotted amount.Can't remember the gas prices, but in 1981 thereabouts, President Carter had us waiting in long gas station lines....sometimes wrapping around the block. He also had us at 18-20% interest rates....can you imagine financing a house at that rate? Of course this led to a GOP President in Ronald Reagan. He soon applied common sense policy and like clockwork, gas became plentiful, and mtg. rates dropped to about 4-5 %.
The guy prefaced his comment with a significant qualifier.Are you slow?
I think it’s pretty clear what I’d be betting.
the 4 year average from 2025 to 2028 will be lower than 2021 to 2024.
can you read?
No, I have no idea when or If Hormuz will be opened. Nobody else does either.Would you like to bet?
Yeah you don’t get it.The guy prefaced his comment with a significant qualifier.
You are betting on something that relies on the qualifier. If the qualifier doesn't happen...who wins the bet?
Also, you could bet on the qualifier itself.
That easily confusing bet is why I was reminded of the famous Seinfeld scene.
Well I’m willing to be on lower gas prices bc I’m pretty sure I know.No, I have no idea when or If Hormuz will be opened. Nobody else does either.
Well spill the beans then.Well I’m willing to be on lower gas prices bc I’m pretty sure I know.
Yeah you don’t get it.
either he wants to bet or he doesn’t.
I’m betting the average will be lower regardless of his qualifier.
how about you crawl back in your bubble and mind your own business!
unless you wanna bet!
Are you dumb?As pointed out earlier, there are multiple bets that could have been made, since you want to bet something that ignores a fendamental part of this post that you took issue with.
So responding to me with 'are you dumb' and 'can you read' was unnecessary.
$5 is high and is going to be painful for a lot of people but that would be like $3.80 when Biden came into office?I read this morning that we will likely see $5 plus in Mississippi over the summer which is insane.
I use the same strategy as you, but I put the money you spent on two teslas into index funds. Now the gas and oil changes for my 2007 Tundra are free.I have a 2012 F-150 with a 36-gallon tank. The last time I filled it up a couple of weeks ago at Walmart in Columbus it was pretty close to $100. I don’t remember what the price was per gallon. I don’t drive that vehicle any more than I have to for that very reason.
Most of my driving is done in my 2023 Tesla Model S Plaid for a number of reasons, but gas prices is certainly a significant one of them. For me to go from home to a ball game at Mississippi State it’s about 120 to 125 miles of driving (round trip). When I get home it costs about $3 to recharge the battery for that amount of driving. That’s also the vehicle that I use to go on trips because I really enjoy the full self driving feature.
Tesla supercharging on trips is more expensive than at home - about 2-3 times as much so for 200miles of driving it will usually cost me somewhere between $12-$15 to recharge depending on the local electricity prices.
If I really want to save money, I can go in my older 2017 Tesla Model S P100D which has unlimited *free* supercharging but the full self driving aspect is not as capable as it is in the newer car.
There’s no doubt that EVs don’t sound as good as ICE cars do on the outside but, as I’m older, I can do without the good-sounding throaty exhaust sound of ICE cars and trucks in order to to spend less on fuel and zero on oil changes.
I use the same strategy as you, but I put the money you spent on two teslas into index funds. Now the gas and oil changes for my 2007 Tundra are free.
Nah man. If you can afford it, and you like them, keep doing what you do. I was just poking fun at the idea of spending a lot of money to save a few grand on gas. I hope to have more cars than are practical one day myself. It’s motivation to work hard.I have 2 Teslas because I’m not very smart.
I’m the World Champion of buying vehicles without getting rid of the previous one like any smart person does. I’d be embarrassed for you to know how many vehicles that I (a widower whose children are all grown and have moved far away) have here at my house. I could drive a different vehicle every day of the week with vehicles left over. That’s not very smart. I should sell some stuff.
If you know when it will be opened I firmly expect you to donate several hundred million to our NIL shortly thereafter. There is my bet. I'll be watching.Bet then
When I left State in May of 1973 I filled up @ 33 cents/gal and plentiful. By the end of that summer it was $1 and there were gas lines .79 was Carter and that gas crisis. Reagan wins in 1980 election. The 73 oil embargo was worse. The price didn't matter because you were happy just to get some. You had to plan your day around getting gas. You had to get in line at 4 am to get your allotted amount.
Same here. I don't go out of my way to use it, but have made probably $160-ish over the last few yearssome of y'all need to be using the Upside app.....its not much, but in 16 months of using it, ive gotten back $765 in cash....im a road warrior though and my gas is paid for....still helps if you are on the road a bunch.....ill send you a promo code...
So you really don’t know when it will be open. Neither do I.If you know when it will be opened I firmly expect you to donate several hundred million to our NIL shortly thereafter. There is my bet. I'll be watching.
I didn’t think so, LoL.So you really don’t know when it will be open. Neither do I.
but I stand behind my original statement
gas will be cheaper from 2025 to 2028 compared to 2021 to 2024.
either bet or stfu
You’re not alone. It costs what it costs. Easy for me to say when it takes about 12 gallons to fill my tank & I fill it about 3 times per month. Heck, I’m still buying premium (my car can run on regular but for best performance they recommend premium).Am I in the minority in that I don't look at gas prices? Never have. I'm gonna buy it regardless.
Now I'm not oblivious to the fact that it's higher now that it has been, I get that. But just generally I couldn't tell you what gas costs.
I always thought it was ridiculous as a kid when my grandmother would have me drive her Cadillac 20 min away (past multiple gas stations) to go to Sam's to fill up her tank (which she never let get below a half tank, usually not below 3/4) just to save a negligible amount of money.