Gasoline Price Forecast?

[Efthreeoh]

Web search indicates US gasoline (regular) to stay around $2.50/gal. for 2017. Anyone know anything different? Any long term trend info to review?

[fbsm]

Originally Posted by Efthreeoh

Web search indicates US gasoline (regular) to stay around $2.50/gal. for 2017. Anyone know anything different? Any long term trend info to review?

I dont thing its going to go up dramatically....not since the new administration has begun pulling the nonsense red tape that was hampering development/production/access.......

There have been a number of economic/fiscal events that in years past would have kicked oil up to 100/bl but didnt......there's ample supply to mitigate concerns/stunts that OPEC and SA may pull

[KingOfJericho]

Inventories and production are still high. No major increase barring any twitter-instigated conflicts.

[semclane]

Here in the Bay Area all three grades are cursently over $3 a gallon and Governor Moonbeam has the the flunkies in the state legislature lined up to slap further $0.12 a gallon tax on gas to "fix the roads". Something they have done before (slap a tax on gas, not actually spend the money on fixing roads)

[Z K]

Originally Posted by semclane

Here in the Bay Area all three grades are cursently over $3 a gallon and Governor Moonbeam has the the flunkies in the state legislature lined up to slap further $0.12 a gallon tax on gas to "fix the roads". Something they have done before (slap a tax on gas, not actually spend the money on fixing roads)

They need to find a way to tax the electric car owners so they can help pay to fix the roads too. They use them just the same as gasoline cars but pay nothing for upkeep of the roads.

[insanecoder]

It will creep down for now but it will not last longer term
Enjoy it whilst it lasts
I still remember 90Cents/gallon days and we used to bitch when it crossed a dollar lol

[fbsm]

Originally Posted by Z K

They need to find a way to tax the electric car owners so they can help pay to fix the roads too. They use them just the same as gasoline cars but pay nothing for upkeep of the roads.

Is electricity not taxed in California?



And what exactly does that have to do with the OP?

[shadow191]

For the most part, gas taxes are used specifically to fund transportation projects. Electricity taxes would likely be directed into a general fund and could be used to spend on roads but usually isn't. This has come up as cars are more fuel efficient and so gas taxes may not accurately reflect usage. A car getting 40mpg causes similar wear to a car getting 20mpg but pays half the tax is the basic argument. There have been some proposals to tax usage so some sort of mileage tax but I don't think anything has actually been implemented.

Originally Posted by fbsm

Is electricity not taxed in California?



And what exactly does that have to do with the OP?

[fbsm]

Originally Posted by shadow191

For the most part, gas taxes are used specifically to fund transportation projects. Electricity taxes would likely be directed into a general fund and could be used to spend on roads but usually isn't. This has come up as cars are more fuel efficient and so gas taxes may not accurately reflect usage. A car getting 40mpg causes similar wear to a car getting 20mpg but pays half the tax is the basic argument. There have been some proposals to tax usage so some sort of mileage tax but I don't think anything has actually been implemented.

I would argue the're not a whole lot of differences between the above taxes

Mostly because "transportation" tax dollars are uses to fund everything from local street lights to police officers....all while ignoring the reason for their creation in the first place.....to maintain/replace bad bridges/roads......

Money is fungeable......some may go into general fund but legislatures are so screwed up that....well....you get my point

I'm all for leveling the playing field......

Eliminate all of the subsidies for buyers and manufacturers of electric cars for starters

Once that happens come up with an electric car meter.......you pay monthly/annually based on consumption

[Efthreeoh]

Originally Posted by Z K

They need to find a way to tax the electric car owners so they can help pay to fix the roads too. They use them just the same as gasoline cars but pay nothing for upkeep of the roads.

Virginia makes EV owners pay an extra $114 for owning an electric.

[semclane]

Originally Posted by insanecoder

It will creep down for now but it will not last longer term
Enjoy it whilst it lasts
I still remember 90Cents/gallon days and we used to bitch when it crossed a dollar lol

Oh yeah? I remember 19.9 for "Ethyl". I'm that old

[insanecoder]

Originally Posted by semclane

Oh yeah? I remember 19.9 for "Ethyl". I'm that old

We dont want a competition for that.. u can win that one .. Ill give u the win every day o the week

[Fundguy1]

Originally Posted by fbsm

I dont thing its going to go up dramatically....not since the new administration has begun pulling the nonsense red tape that was hampering development/production/access.......

There have been a number of economic/fiscal events that in years past would have kicked oil up to 100/bl but didnt......there's ample supply to mitigate concerns/stunts that OPEC and SA may pull

This.
And the new administration is freeing up 1/3 of the worlds oil reserves obama put on lockdown to raise gas prices and push hybrid and electric cars at the cost of the economy. Lpng term should drop. New pipelines don't hurt either.

[GuidoK]

Here its $6,15/gallon currently

[antennahead]

Originally Posted by semclane

Oh yeah? I remember 19.9 for "Ethyl". I'm that old

You got me beat, the best I can remember paying for (once old enough to drive) is 24.9 cents a gallon

[antennahead]

Originally Posted by insanecoder

We dont want a competition for that.. u can win that one .. Ill give u the win every day o the week

Yea, that's one I wouldn't like winning either. It's like when the clerk at the Harris Teeter asks me if I qualify for the senior discount, I always say "unfortunately"

[Fundguy1]

Yeah. I remember $1 something when I first started driving. Everyone complained. Best I ever saw was $0.95 under GW.

[David70]

Originally Posted by Z K

They need to find a way to tax the electric car owners so they can help pay to fix the roads too. They use them just the same as gasoline cars but pay nothing for upkeep of the roads.

Dumb to have a system to give the buyer a tax credit when he buys the car then create another system to tax him when he uses it. If you think he should pay more than just cut back on the tax incentive at purchase and skip on the new agency and people to run it.

I don't see gas prices going up a lot anytime soon and strongly believe we should add a federal gas tax, only to be used for road construction as the current tax hasn't changed since 1993 and obviously the cost for doing the construction has gone up significantly.

Gas prices also don't have much to do with the administration and mostly with the world market. Remove every regulation possible and whatever extra we produce gets spread around the world as it is a world market for crude. We produce twice as much, price of gas won't go down very much, definitely not get cut in half. FED also won't remove state regulations.

[Fundguy1]

Its not state regs thats the issue. Obama shut down federally owned and controlled lands which accounts for 33% of the world's oil reserves leaving the U.S. with 8% of the oil reserves instead of 40%. Reopening them will have a huge impact on oil prices, as well as the US will be able to cgeaply export to Europe, damaging the Russian economy or where opec oil goes, damaging unfriendly arab state economies. We csn use it as an economic weapon. Big deal.

[David70]

Originally Posted by Fundguy1

Its not state regs thats the issue. Obama shut down federally owned and controlled lands which accounts for 33% of the world's oil reserves leaving the U.S. with 8% of the oil reserves instead of 40%. Reopening them will have a huge impact on oil prices, as well as the US will be able to cgeaply export to Europe, damaging the Russian economy or where opec oil goes, damaging unfriendly arab state economies. We csn use it as an economic weapon. Big deal.

Skeptical of your numbers but they really don't matter, oil production slows when the price gets too low and Trump or any politician can't radically change this issue. Removing regulations will help some with the basement number to be profitable but not that much.

Some of the equipment I sell goes into oil production in the U.S. When oil goes below about $40 a barrel we drastically slow production, it's currently at about $52 a barrel and production is higher but there isn't the huge rush to produce like there was when it was $100 a barrel.

[Fundguy1]

Numbers are correct but once ban is lifted i do see us being oil independent and potentially low balling Russia etc if they don't stay in line.

[opihi5]

Originally Posted by Efthreeoh

Web search indicates US gasoline (regular) to stay around $2.50/gal. for 2017. Anyone know anything different? Any long term trend info to review?

91 is 3.50 where I live