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A Sudden Gas Price Hike?
Self | jimjohn

Posted on 04/11/2024 6:33:05 PM PDT by jimjohn

Reporting from Western New York: gas price at my local gas station jumped $0.13 in the last 24 hours. I've never seen a hike that fast. Is anyone else seeing the same thing?

I already see gold prices shooting up. Is this gas price? Starting to catch up to it now?


TOPICS: Business/Economy; Chit/Chat; Government; Politics
KEYWORDS: economy; gasoline; gasolineprice; gasprices; gold; goldprices; inflation; oil; petrol; vanity
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To: jimjohn

Ours jumped a couple of days ago. Fast approaching $5 a gallon.


41 posted on 04/11/2024 8:19:20 PM PDT by roving (Deplorable Listless Vessel Trumpist With Trumpitis and a Rainbow Bully)
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To: jimjohn

I don’t know how you have had a life of such bliss, but it is incredibly common for far larger jumps to occur, literally everywhere I’ve lived in my life.

I have never heard of someone with your situation.

Freakish.


42 posted on 04/11/2024 8:20:22 PM PDT by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: All

Gold up at this moment about $60 an ounce since I checked it this mid-afternoon.

Silver up about 60 cents in the same period....

But they both usually jump up several dollars / cents when the Asian markets open. then it usually starts going down several dollars / cents a couple hours after the American markets open.

So, where Au and Ag are at about noon tomorrow will be a stronger indicator.


43 posted on 04/11/2024 8:28:06 PM PDT by LegendHasIt
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To: metmom

$2.98 at Buc-ees in Auburn, Alabama


44 posted on 04/11/2024 8:30:22 PM PDT by Alas Babylon! (Repeal the Patriot Act; Abolish the DHS; reform FBI top to bottom!)
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To: Freest Republican

Wipe the foam from your mouth.


45 posted on 04/11/2024 8:37:12 PM PDT by hardspunned (Former DC GOP globalist stooge)
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To: Cobra64

Bitcoin will go up faster than Gas.

The US has to replace all that destroEU storage capacity that was destroyed in Ukraine.

40% of all price is Oil.

Fiat currencies are in trouble.

Ga$ will be 40% higher by November.


46 posted on 04/11/2024 8:43:09 PM PDT by Jumper
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To: parmamenian; jimjohn
The United States became a total petroleum net exporter in 2020, but became a net importer in 2022. (EIA - Oil and petroleum products explained)

U.S. Strategic Petroleum Reserve Stocks:

U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels)
YearJanFebMarAprMayJunJulAugSepOctNovDec
2018 664,234 665,458 665,456 663,966 660,167 660,015 660,013 660,011 660,009 654,840 649,567 649,139
2019 649,139 649,126 649,126 648,588 644,818 644,818 644,818 644,818 644,818 641,153 634,967 634,967
2020 634,967 634,967 634,967 637,826 648,326 656,023 656,140 647,530 642,186 638,556 638,085 638,086
2021 638,085 637,773 637,774 633,428 627,585 621,304 621,302 621,302 617,768 610,646 601,467 593,682
2022 588,317 578,872 566,061 547,866 523,109 493,324 468,006 445,057 416,393 398,569 388,419 372,030
2023 371,579 371,579 371,175 363,723 354,366 347,158 347,454

Biden in office, latest: SPR 363,641,000 barrels

- - -
- - -

47 posted on 04/11/2024 8:43:49 PM PDT by linMcHlp
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To: jimjohn

$ 4.08 for the good stuff at the Bullhead city Arizona Sam’s Club


48 posted on 04/11/2024 8:46:26 PM PDT by South Dakota (Patriotism is the new terrorism .)
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To: mass55th

Regular is 3.16 at BJs and 3.35 at Kangaroo in Fayetteville NC. Virginia prices were above 3.40 Monday in the Roanoke VA and Martinsville areas,most prices were 3.50ish.


49 posted on 04/11/2024 8:47:22 PM PDT by Jumper
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To: LukeL

Gold and Silver!!!


50 posted on 04/11/2024 8:51:44 PM PDT by Osage Orange (ooooOO)
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To: jimjohn

13 cents? That’s nothing...


51 posted on 04/11/2024 8:53:16 PM PDT by bigbob
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To: Osage Orange

Whiskey and Ammo.


52 posted on 04/11/2024 9:10:01 PM PDT by dagunk
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To: Jumper

Thanks for the info. Many years ago, when I used to travel to do Civil War research between different states, and visit Civil War sites, once I left New York State, the gas was always cheaper.


53 posted on 04/11/2024 9:21:26 PM PDT by mass55th (“Courage is being scared to death, but saddling up anyway.” ― John Wayne)
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To: jimjohn

Sudden gas hikes are the norm in California.


54 posted on 04/11/2024 9:36:16 PM PDT by Enterprise
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To: smokingfrog

Refineries will shut down various units or sections of the plant every 3 to 5 years. They perform planned inspections and maintenance for roughly a month. Prior to shutting down, all sorts of inventory is backed up. Unplanned shutdowns can stress the markets locally, until things are fixed, or until outside supplies are shifted in.

To get ready for summer gasoline, inventories are purged or moved around, and a few knobs and settings are adjusted. The biggest cost impact, In winter, is use of cheaper components, mainly butane. These are needed to keep gasoline vapor pressure high enough from cold fuel tanks.


55 posted on 04/11/2024 9:48:27 PM PDT by stateofit
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To: parmamenian

56 posted on 04/12/2024 12:48:03 AM PDT by DannyTN
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To: jimjohn
I've never seen a hike that fast. Is anyone else seeing the same thing?

Around the beginning of the month prices there were price rises from around $3 per gallon to $3.59 at most stations. We had a month or so of price drops alternating between stations, so maybe there was a minor price war which one station finally gave up on when it hit $3, jacked up prices and the others followed (dare I say collusion?). I remember around the 3rd I found one station that was still $3.15 that I topped off at.

I used to have a station near my house that was always two days behind on increases, which was nice for a sudden big increase.

57 posted on 04/12/2024 4:09:39 AM PDT by KarlInOhio (Democrats' version of MAGA: Making America the Gulag Archipelago. Now with "Formal Deprogramming")
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To: jimjohn

We jump all over the place up to 30 cents up or down daily for the most part... You can drive through town and then prices have changed by the time turn around and go back through.


58 posted on 04/12/2024 4:38:32 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: maddog55

Its all rigged.


59 posted on 04/12/2024 4:52:59 AM PDT by GranTorino (Bloody Lips Save Ships.)
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To: stateofit

60 posted on 04/12/2024 6:13:43 AM PDT by smokingfrog ( sleep with one eye open (<o> --- )
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