Gas Prices

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Re: Gas Prices

Postby CrustyOldFart » Thu Apr 18, 2019 8:58 am

California Gas Prices Hit Average of $4, Highest in the State Since 2014 :roll2:
It sounds like it's just a temporary increase spurred on by a couple of temporary factors. Nothing to get all worried about. Not like $5/gallon is likely anytime soon.
On the positive side: one expert predicts that gas prices will spike in the next week before gradually decreasing.

https://ktla.com/2019/04/17/california-gas-prices-hit-average-of-4-highest-in-the-state-since-2014/
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Re: Gas Prices

Postby BoraxBill » Thu May 02, 2019 7:44 am

The situation in Venezuela has pushed gas prices up a bit and if things heat up too much down there we could wind up with a big surge. I'm against interfering in the affairs of a foreign country and I'm against an increase in gas prices. Nuff said!
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Re: Gas Prices

Postby Sparky of SoCal » Thu May 02, 2019 7:50 am

Agree, it seems like Cuba, China, and Russia are trying to bait us to sticking our nose in. It is a Western Hemisphere problem yes, but a South America problem first. Let the those countries try first. More reason for a wall.
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Re: Gas Prices

Postby hungrybill » Fri May 03, 2019 7:29 am

From what I hear an embargo deal involving Iran is also a factor that could cause a huge increase in gas prices all of a sudden. Trump will need to be very careful. His re-election depends on his ability to keep the economy under control. Five dollar gas would not help his chances any!
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Re: Gas Prices

Postby recluse » Sun Sep 15, 2019 6:16 am

Saudi Arabia slashing oil output after drone strikes
Saudi Arabia produces ten percent of the world's oil. If they stay offline for long, gas prices will go way up!
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Re: Gas Prices

Postby BoraxBill » Mon Sep 16, 2019 6:14 am

For most people a slight increase in the cost of gas won't have too much effect. If it goes on for too long, it could be inflationary, but this sounds like it will be brief and so I wouldn't expect much out of it, but you never know!
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