Brent Crude — the best benchmark for understanding North American retail gasoline prices — has declined to US$78.79 from over $85/bbl a while back. That should start translating into cheaper prices at the pump soon if not already. See any evidence of that yet kurtster?
In passing, $2.969/US gallon is cheap by rich OECD nation standards. Ronald Reagan's Chief Economist was a fan of much steeper excise taxes on gasoline and diesel.
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In the realm of pure speculation but keeping in mind I have skin in the game, I expect Brent to further back off near term, perhaps to near $70/bbl. Then in late 2021 or the first half of 2022, I expect Brent to march back up again. If the economic impact of the resurgent SARS CoV2 pandemic is worse than I currently anticipate, oil could easily decline towards $50/bbl.
It would be a mistake to assume that OPEC+ is firmly in the driver's seat on this one.
That said, any successful effort to maintain relatively high and stable oil prices will have beneficial effects for domestic US oil producers and the US economy.
My wife and I just got back from a "Road Trip" for our 45 wedding anniversary. We finally completed the Route 66 trip we started 2 years ago. Where we drove all the way to Chicago from Amboy, California. We've never driven from the Santa Monica pier to Amboy on the "original" route. So we got that done. One of the highlights driving the "surface streets" through Los Angeles was stopping at the Hollywood Forever Cemetery. Quite unique. I had Debbie take this shot of the price of gas in Beverly Hills....
Our goal was the Grand Canyon. And in Arizona we paid pretty much $3.00 less for a gallon of gas than what was posted there in Beverly Hills. No... we didn't buy gas there.
But they will pump diesel for no extra charge, and it stinks up your hands so there's that.
My wife and I just got back from a "Road Trip" for our 45 wedding anniversary.
We finally completed the Route 66 trip we started 2 years ago. Where we drove all the way to Chicago from Amboy, California.
We've never driven from the Santa Monica pier to Amboy on the "original" route. So we got that done.
One of the highlights driving the "surface streets" through Los Angeles was stopping at the Hollywood Forever Cemetery. Quite unique.
I had Debbie take this shot of the price of gas in Beverly Hills....
Our goal was the Grand Canyon. And in Arizona we paid pretty much $3.00 less for a gallon of gas than what was posted there in Beverly Hills.
No... we didn't buy gas there.
based on plus gasoline at $6.19:
converting gallons into litres : US$ 1.64 per litre
converting US$ into euro; ⬠1.35 per litre
current prices at our local gas station: â¬1.52 per litre or US$ 6.92 per gallon
Explains why so many are moving to FLA... Wait! There are still Full Service gas stations in the US???
KurtfromLaQuinta wrote:
My wife and I just got back from a "Road Trip" for our 45 wedding anniversary.
We finally completed the Route 66 trip we started 2 years ago. Where we drove all the way to Chicago from Amboy, California.
We've never driven from the Santa Monica pier to Amboy on the "original" route. So we got that done.
One of the highlights driving the "surface streets" through Los Angeles was stopping at the Hollywood Forever Cemetery. Quite unique.
I had Debbie take this shot of the price of gas in Beverly Hills....
Our goal was the Grand Canyon. And in Arizona we paid pretty much $3.00 less for a gallon of gas than what was posted there in Beverly Hills.
No... we didn't buy gas there.
Location: Really deep in the heart of South California Gender:
Posted:
Jun 14, 2021 - 7:37pm
ScottFromWyoming wrote:
A friend took us on an all-day tour of Hollywood area cemeteries. That one's pretty cool. It sold recently and the new owners are doing more to keep it up. "Forever" wasn't actually in the contract, apparently.
I was expecting lots of celebrities stored there.
The only ones that stuck out were Micky Rooney and Mel Blanc. We evidently missed two of The Ramones. Bummer.
What amazed me... was all the Russian people buried there. And the HUGE "tombstones" covering over up to 10+ grave sites.
In fact, Debbie and I "dug into" what's up with that. Here's what we found... https://www.laweekly.com/russi...
One of the highlights driving the "surface streets" through Los Angeles was stopping at the Hollywood Forever Cemetery. Quite unique.
A friend took us on an all-day tour of Hollywood area cemeteries. That one's pretty cool. It sold recently and the new owners are doing more to keep it up. "Forever" wasn't actually in the contract, apparently.
Location: On the edge of tomorrow looking back at yesterday. Gender:
Posted:
Jun 14, 2021 - 2:01pm
KurtfromLaQuinta wrote:
My wife and I just got back from a "Road Trip" for our 45 wedding anniversary.
We finally completed the Route 66 trip we started 2 years ago. Where we drove all the way to Chicago from Amboy, California.
We've never driven from the Santa Monica pier to Amboy on the "original" route. So we got that done.
One of the highlights driving the "surface streets" through Los Angeles was stopping at the Hollywood Forever Cemetery. Quite unique.
I had Debbie take this shot of the price of gas in Beverly Hills....
Our goal was the Grand Canyon. And in Arizona we paid pretty much $3.00 less for a gallon of gas than what was posted there in Beverly Hills.
No... we didn't buy gas there.
Does that come with lube? ð
Lord knows that they would never get out of their rental super cars.
Location: Really deep in the heart of South California Gender:
Posted:
Jun 12, 2021 - 9:06pm
My wife and I just got back from a "Road Trip" for our 45 wedding anniversary.
We finally completed the Route 66 trip we started 2 years ago. Where we drove all the way to Chicago from Amboy, California.
We've never driven from the Santa Monica pier to Amboy on the "original" route. So we got that done.
One of the highlights driving the "surface streets" through Los Angeles was stopping at the Hollywood Forever Cemetery. Quite unique.
I had Debbie take this shot of the price of gas in Beverly Hills....
Our goal was the Grand Canyon. And in Arizona we paid pretty much $3.00 less for a gallon of gas than what was posted there in Beverly Hills.
No... we didn't buy gas there.
I honestly don't pay attention to the price of gas. It's something we must have, so I tank up. We use Costco as much as possible, because I know it's the cheapest we can buy.
If the Costco gasoline is "Top Tier", then no worries. This is important in general but particularly for modern Gasoline Direct Injection (GDI) engines.
