Gasoline Price Quite Low paid $2.29

price drop seems more pronounced than usual this fall.

'crude has dropped as production increases met lower world wide demand due to faltering economies':

story

 

The discount places have the bare minimum in detergents and other additives. They might also be buying lower quality fuel. I've avoided the ones in NJ for decades.

 

we hardly buy gas anymore. mrs b has a hycam, but uses my bolt for almost all local driving, which is 99%, except our annual florida trip.
unfortunately, electricity prices only go in one direction.

 

Gas is pretty cheap this year, but groceries are still way up.

We almost always get the maximum discount, $1.00 off. The challenge is how to capture the discount, since we are allowed 20 gallons at the discounted price but neither car has a 20 gallon tank.

So I've invested in 3 5-gallon jugs.

A little inconvenient but it tends to save over $100/year.

 

One component: Sanctions during the Venezuelan crisis - Wikipedia
Another: https://www.reuters.com/markets/commodities/russia-raises-forecast-2024-oil-gas-export-revenues-by-174-bln-document-shows-2024-09-06/
Keyword: fungible.
The most populous nation on earth is fresh out of rats to give about where their oil comes from, and wars are expensive.
Also, the ChiComms are both strategeric and economic allies with the Rooskies - and THEY don't care about where THEY get their oil either.

JIC: (according to the Googles)
In June 2019, inflation-adjusted gas prices were $3.34 per gallon, while in June 2024, the national average was $3.46.
Kinda cute when you consider that energy prices are generally excluded from inflation rate calculations.....
(you can forget your past but your past doesn't forget YOU....)

Curious term, 'investment.'

My Katrina-era "Blitz" containers are getting a little dodgy, and so I've adopted a practice of getting 5-gallon replacements when and if I find them well below $20 a unit.
You can usually find them on sale post hurricane season and pre-Christmas.
I keep about 10 of them out in the country (strat reserve) and 1-3 in town (tac reserve.)

My backup generator uses propane but I will not need this much as long as I am a telecom employee.
We use 'yuuge' batteries and a diesel-electric plant.

 

You're welcome!

My EVs reduce demand and pass the gas supply savings on to gas buyers. Even the hyper-milers.

Bob Wilson

 

Actually, as I stated above there's a reason that economists call it "Supply and Demand" instead of "Demand and Supply."

We're paying for both sides of the Ukraine war....but to be honest the Indians are paying for more that their fair share of the Russian side of it.

 

Yeah, gas price hit below $3 around my area after the Labor Day. But I don't pay much attention to the gas price any more. The only time I put gas in our Escape PHEV is when we travel distance. 500+ miles trip 3-4 times a year. More frequently in summer than winter. Without the trips, our PHEV is virtually a BEV with 40+ miles of range.

I used more gasoline on my newly purchased felling chainsaw this summer at ridiculous price of ~$30/gal premixed cans. lol

 

At the risk of banishment to Fred's House of Politics:

• The Ukrainians disposing of a our outdated weapons on the Russians
  • Production of latest "hotness" weapons is booming
• The USA is a the largest oil exporter making "oil tankers" full of money
  • Full employment in the oil patch

So "paying for both sides" is a bad thing? I call it a "two fer one."

As for:

The Asian Indians have canceled buying some high dollar, Russian weapon sales. Thanks to the Ukrainians, the Russians need them more and the Asian Indians have seen Russian weapons in action. Buying cheap is no bargain for junk.

Bob Wilson

 

It technically might not be gasoline.
Did you happen to test that against stuff from the pump?

 

It is 1:50 premixed fuel for 2 cycle engine. The page says "this 50:1 mixture is a combination of premium non-ethanol, high-octane motor fuel". Whatever it is... very expensive fuel for sure.
https://www.stihlusa.com/products/oils-lubricants-fuels/premixed-fuel/motomix