Tacoma too expensive to drive?

What's even worse is the price of diesel. Trucking companies are getting their asses kicked and we're all going to share the pain.

 

I'm the old poor, like the corvette in the trailer park.

 

No it's more like you need to be prepared for the inevitable when you live in a world that is currently our own. If you live day by day you're on your own.

 

In the first half of 2005

 

the US imports a majority of its oil from Canada and Mexico, OPEC countries make up a small sliver of our oil.

 

I just did the cylinder delete mod.
Two cylinder goes b_r_r_r_r….

 

Not in the last 12 months. Not sure what YOU are looking at.
I was wrong in saying 16% though. looked at the wrong # in haste.

Anyway, my point stands, its hard to budget for a situation where the value of your dollar isnt what it was a year ago.

 

Post your bank statements playboy, we’ll see how you’re living.

 

hahaha dude thats the 12 month return NOT the same thing at all.

ALSO thats +16%...that means if you held the S&P basket you would have made 16% on that through the last year. I'd be more than happy to walk you through all this stuff if you want, this is what I do for work.

 

Yes, but that sliver affects our prices.

 

Actually the problem is that while we only get about 3% of our oil supply from Russia, the EU is much more dependent. Since oil is a global market uncertainly over supply affects crude prices everywhere, no matter where the oil comes from. This is why you are seeing prices spike. Oil/commodity markets hate uncertainty.

 

Oil is traded on the open market, thats what sets our prices.

 

True dat... especially the grades of oil -

 

How can one do this? Asking for me.

 

You can't compare today's prices to the cratered prices during the peak of the pandemic when no one was driving lol.

Here's a local-ish chart of gas prices in NJ over last 3 years for ya

 

One aspect of this discussion not yet discussed is the oil much of our gasoline comes from. While it may well be true we only get 3% of our crude oil from Russia, it is also true we get a significant percentage of gasoline from Europe which does source much of their crude oil from Russia. Here's the thing, Europe has a car and light truck fleet with roughly a 50/50 mix of gasoline and diesel; given you get twice as much gasoline per unit of crude oil compared to diesel, this means Europe is refining twice as much gasoline as they need, and much of that excess fuel is sold to the U.S.

 

Oil is global. If there’s a shortage in Europe, the price gets bid up. American producers will sell to the highest bidder, minus the transportation cost to get it there. So everyone pays more.

 

My grandfather has an older cadilac with the engine that shuts off half the cyclinders on the highway. Couldn't believe he gets up to 30mpg with a V8 heavy vehicle. And a friend who has an Audi suv v8 that gets 30+ mpg on the freeway. Although, he found out why the powertain warranty only goes to 50k miles.

 

It was actually around 2016. For some reason NJ gas is much cheaper than PA.

 

Just back from Costco with cheap gas in SoCal -- I paid 4.85.