Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!

Oil prices dropping like a turd in a toilet.

Discussion in 'Too Hot for Swamp Gas' started by TheGator, Mar 14, 2025 at 10:55 PM.

  1. ncargat1

    ncargat1 GC Hall of Fame

    14,634
    6,365
    3,353
    Dec 11, 2009
    Looks like you the lack of reported new bird flu outbreaks is likely the reason.

    Or, with this administration of total liars and criminals, it is more likely that the FDA is lying its arse off about the sudden disappearance of bird flu and that they are green lighting the sale of eggs from infected farms.

    Egg prices are rapidly falling so far in March
     
  2. CHFG8R

    CHFG8R GC Hall of Fame

    7,374
    630
    443
    Apr 24, 2007
    St. Augustine, FL
    No, this is.

    It's due to falling demand. But I get it, you were dropped on your head as a child.

    Thus, I won't blow your mind and mention how this is actually bad for domestic production. . . Oops!
     
  3. citygator

    citygator VIP Member

    13,592
    2,826
    3,303
    Apr 3, 2007
    Charlotte
    Title is a lie... Turds dont drop down toilets under Trump. He famously clogged so many toilets he doesnt stay at the White House anymore.

     
    • Winner Winner x 1
  4. 14serenoa

    14serenoa Living in Orange and surrounded by Seminoles... VIP Member

    4,922
    1,734
    2,088
    Jul 28, 2014
    The bird-flu outbreak caused the egg prices to rise. Once the flu is contained and the flocks are replaced the egg prices will drop, unless we have fired those USDA employees responsible for monitoring and controlling another bird-flu outbreak.
     
  5. vegasfox

    vegasfox GC Hall of Fame

    2,928
    242
    113
    Feb 4, 2024
    People were predicting a recession in 2023 and 2024. We may be in a recession now and it may have started last year.

    Historically the US Has recessions every 4-6 years on average
     
    • Winner Winner x 1
  6. jjgator55

    jjgator55 VIP Member

    6,975
    1,843
    2,043
    Apr 3, 2007
    Presidents have little to no control over gas prices, so the answer to your question about a liberal president lowering gas prices is the same for conservative presidents, which is there aren’t any.
     
  7. jjgator55

    jjgator55 VIP Member

    6,975
    1,843
    2,043
    Apr 3, 2007
    And always under a Republican president lowering gas.
     
  8. citygator

    citygator VIP Member

    13,592
    2,826
    3,303
    Apr 3, 2007
    Charlotte
    Predicting a recession and suffering a recession are two different things and the one's predicting recession last two years were right wing hopefuls. Most non-partisan people reported the US economy as the strongest in the world in 2023 and 2024 and noted the goldilocks level of performance. No longer as the stock market crashes and GDP plummets ONLY in the US. Europe stocks are up like 8% this year. Asia doing well mostly too.

    European stocks steady after US markets plunge

    Donald Trump makes Chinese stocks (somewhat) great again | Reuters
     
    • Like Like x 1
  9. chemgator

    chemgator GC Hall of Fame

    14,495
    2,057
    1,318
    Apr 3, 2007
    I would actually prefer higher prices on gasoline, but I would like that to occur through higher gas taxes, not increased consumption. The federal gas taxes have not been adjusted for inflation since 1992. The cost to build and maintain the roads certainly has gone up since then. We should be paying an extra $0.20 a gallon or so just because of that (basically, we are freeloaders, telling our grandchildren to pay for road maintenance). Higher gas taxes decreases usage of gasoline. People were driving MUCH less (and at lower speeds) in 2008 when gas prices hit $4.90 a gallon. They started buying more fuel-efficient vehicles. When the gas prices came down, we returned to being a gas guzzling country, buying larger trucks and SUV's, and faster sports cars. I don't want to prohibit people from doing those things, but they should at least pay the price to maintain the roads. Oil will run out at some point, and if we are still dependent on it for transportation, civilization will devolve into a Mad Max-type world. Assuming that science will bail us out when the fuel runs out is just idiotic, and it's contributing to all the destruction of Global Warming (sea level rise, coastal cities becoming uninhabitable, stronger hurricanes, extended droughts, unpredictable floods, etc.). People would be persuaded to think more about how fuel-efficient their vehicles should be vs. how important it is to have the biggest truck on the block.

    We should ramp up gas taxes gradually, and do it in conjunction with gradual increases to the federal minimum wage (which has not increased since 2007). I would increase it by $0.03/gal every quarter, while raising minimum wage by $0.25 - $0.50/hr every year. The working poor would get another $500-$1000/yr in wages, while paying out $50-$100/yr in additional fuel taxes. Making changes gradually will not affect the economy.
     
  10. BLING

    BLING GC Hall of Fame

    9,515
    970
    2,843
    Apr 16, 2007
    “We’re looking very strongly at sinks and showers, and other elements of bathrooms”.

    [​IMG]
     
  11. BLING

    BLING GC Hall of Fame

    9,515
    970
    2,843
    Apr 16, 2007
    In addition to lack of inflation-indexing, another “problem” with EV adoption is they don’t pay gas taxes at all! Despite them typical being also much heavier to comparable ICE vehicles, causing more wear and tear on roads per mile driven.

    Gas taxes probably don’t make much sense anymore, and will make even less sense as EV adoption grows, distorting the true costs even more. Might as well come up with a mileage x vehicle weight formula and have the states do it at time of vehicle registration. Such a shift should be mostly neutral for those who drive ICE vehicles a typical mileage, and it will make sure EV mileage is also captured for road repairs. There no doubt this shift needs to happen, but I also have no doubt Republicans would deploy misinformation around vehicle registration should certain states want to collect it that method as a lump sum instead of burying it in a “per gallon” cost. “LoOk hOw ExPeNsIvE tHeM LiBrULs mAdE mUh VeHiCLe rEgIsTrAtIoN”.
     
  12. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

    125,472
    164,610
    116,973
    Apr 3, 2007
    Oklahoma charges a tax when you get your license plate for EVs and has a kilowatt tax of $0.03 cents per kilowatt on electricity when you charge your EV at a public charging station.
     
    • Informative Informative x 1
  13. BLING

    BLING GC Hall of Fame

    9,515
    970
    2,843
    Apr 16, 2007
    That is a somewhat sensible policy on the surface to put EV’s more on par with gasoline (as far as road “usage” taxes), but unlike gasoline most EV charging happens at home so it fails to capture most EV miles if the charging occurred at home.

    Don’t get me wrong, if we want to encourage EV adoption maybe it’s even a good idea to have this small perk of ownership. Maybe get rid of all these mileage taxes period. But then roads would have to be funded in other ways…
     
  14. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

    125,472
    164,610
    116,973
    Apr 3, 2007
    That is why there is the extra charge when you renew your license plate.
     
  15. thomadm

    thomadm VIP Member

    3,148
    738
    2,088
    Apr 9, 2007
    Spring break for most this week, hence higher demand
     
  16. VAg8r1

    VAg8r1 GC Hall of Fame

    23,006
    1,938
    1,763
    Apr 8, 2007
    Actually the price of gas at the pump tends to increase at this time of the year by a factor unrelated to demand. Refineries change the formulation of gasoline from winter formulation to the more expensive summer formulation combined with refineries temporarily shutting down while the change is in process.
    Seasonal Gas Prices Explained
     
  17. gaterzfan

    gaterzfan GC Hall of Fame

    2,210
    462
    1,713
    Feb 6, 2020
    How does Oklahoma generate revenues from EVs for road maintenance?

     
  18. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

    125,472
    164,610
    116,973
    Apr 3, 2007
    Read the quote you quoted. Those go to the same pot as gas taxes.
     
  19. demosthenes

    demosthenes Premium Member

    9,582
    1,189
    3,218
    Apr 3, 2007
    I pay an extra fee every year for my EV. I think it only goes to the state though.
     
  20. vaxcardinal

    vaxcardinal GC Hall of Fame

    8,704
    1,246
    2,543
    Apr 8, 2007
    Yes except they haven’t switched over to the summer blend yet…it’s still winter