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Gasoline becomes more affordable, just when Americans don't need it
Reuters ^ | March 15, 2020 | by Stephanie Kelly, Jessica Resnick-Ault

Posted on 03/15/2020 5:37:51 AM PDT by Oldeconomybuyer

NEW YORK - At two gasoline stations in Scarsdale, a wealthy suburb of New York City not far from one of the nation’s worst outbreaks of coronavirus, attendants whiled away the minutes on a rainy Friday morning at what would normally be their busiest time of day.

“We’ve had one or two customers - that’s it,” said Julio Barrios as he sat under an umbrella at the full-service Shell station in downtown Scarsdale. “For more than a week, business has been slow.”

The coronavirus has infected at least 138,000 people worldwide and killed more than 5,000, rocking the global economy.

As cases steadily grow across the United States, Americans are cancelling road trips, running fewer errands and finding they don’t have to drop their children off at school following widespread closings.

The irony is that drivers are parking their cars at a time when gasoline is more affordable, which usually spurs more driving. The average price for a gallon of gasoline is $2.28, lowest since 2017, according to the American Automobile Association.

The United States consumes more than 20 million barrels of oil and petroleum products daily, the most worldwide, and motor gasoline accounts for nearly half of that, at about 9 million barrels a day. But the coronavirus outbreak’s effect on driving activity is expected to be drastic.

“We would estimate commuting and leisure driving will be down up to 50%, with most impact in the northern states where the virus spreads faster now,” said Per Magnus Nysveen, senior partner at Oslo, Norway-based energy research firm Rystad Energy.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: earl; gasoline; oil
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To: Salamander

Yes, and there is a very decrepit one rusting into eternity next to a house a couple miles down the road. Kind of sad seeing it every time I go past.


81 posted on 03/15/2020 8:36:31 AM PDT by nascarnation
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To: nascarnation

A Pacer is what happens if you blow on the tailpipe of a Gremlin.

:)

My English teacher drove one.
When he carpooled with some of the other teachers, they looked like fish in an aquarium.


82 posted on 03/15/2020 8:37:07 AM PDT by Salamander (Living On The Ledge....)
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To: eartick
Think I might go fill up all my gas cans as well. 

I was thinking about that at a store yesterday and decided to buy a couple new 5 gallon cans (which I had avoided before because I hate the new spouts). Unfortunately everyone else already thought that and five gallon cans were gone.

83 posted on 03/15/2020 8:37:31 AM PDT by KarlInOhio (Newton invented calculus when the plague shut down Cambridge. What will you do with your time off?)
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To: xp38

LOL!


84 posted on 03/15/2020 8:39:13 AM PDT by Salamander (Living On The Ledge....)
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To: Salamander

Ah yes the performance version of the Javelin. Since AMC no longer exists we are all dating ourselves here. :)


85 posted on 03/15/2020 8:42:18 AM PDT by xp38
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To: Salamander
I get gas points from my grocery store and last week’s fill up was $1.71, including the points discount.

If you're talking about "Kroger Fuel Points" I used my points accrued last month yesterday.

Price at the pump was $1.93.. I had 900 fuel points which gave me .90 cents a gallon off.

I filled up.. 14.5 gallons at $1.03 per gallon. Approx $15.00 to fill my tank.

How long will the "good ol' days" prices last?

86 posted on 03/15/2020 8:43:03 AM PDT by VideoDoctor
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To: nascarnation

They must have no idea what they’re selling for now.

*I* sure could never afford one.

We have car shows here every weekend in the summer and normally, I’m bored looking at the same bunch of Novas and such, but a couple years ago, a Javelin showed up and later, an AMX, totally restored.

So now I go to the shows willingly, hopeful that one of those will be there.

The only other car I had that came close to being as much fun as the Gremlin was a VW Scirocco.

So. Much. Fun....even more fun than the Porsche 924 turbo.

There’s a HemiCuda rotting on a back road about 25 miles from me.
Guy won’t sell it.
We’ve been asking for probably 10 years now and it just keeps getting worse.


87 posted on 03/15/2020 8:45:35 AM PDT by Salamander (Living On The Ledge....)
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To: Salamander

There are people who truly believe in their heart that “some day” those hulks are gonna get restored. Their kids wind up selling them off.


88 posted on 03/15/2020 8:47:55 AM PDT by nascarnation
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To: VideoDoctor

Giant/Martins.

We don’t have Krogers, here.

Last year, we had so many points built up, they gave us money back.
Now they just “roll over” the extra points, instead.

Sadly, they dropped the limit from 25 gallons to 20 but I still take the gas cans along to get every bit.

No idea how ling it will last but I hope to enjoy it while it does.
I need a good summer to make up for the nightmare of last year.


89 posted on 03/15/2020 8:48:27 AM PDT by Salamander (Living On The Ledge....)
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To: xp38

We lived in the era of real muscle cars.

It’s not a bad trade off.

:)


90 posted on 03/15/2020 8:49:40 AM PDT by Salamander (Living On The Ledge....)
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To: Salamander
Sadly, they dropped the limit from 25 gallons to 20

Kroger's has a 30 gallon limit.

A time or two I let my elderly neighbor follow me to the pump and when I'm done I pull forward ( usually 12 to 14 gal for me to fill-up ) he can then fill his tank.

91 posted on 03/15/2020 8:54:07 AM PDT by VideoDoctor
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To: VideoDoctor

Wow!

They enforce a “one vehicle fill-up”.

I’m lucky I can skate by with the gas cans, as it is.


92 posted on 03/15/2020 8:59:25 AM PDT by Salamander (Living On The Ledge....)
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To: Salamander

True and none of us can choose the time we live in but we should be thankful for the times we have been given.


93 posted on 03/15/2020 9:16:59 AM PDT by xp38
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To: xp38
This, alone, was worth it. :D


94 posted on 03/15/2020 9:39:07 AM PDT by Salamander (Living On The Ledge....)
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To: xp38

https://www.motortrend.com/news/loaded-well-preserved-1971-plymouth-hemi-cuda-asks-1-3-million/


95 posted on 03/15/2020 9:39:18 AM PDT by Salamander (Living On The Ledge....)
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To: Oldeconomybuyer

Affordable? Gas has gone down 10 cents in the last month.


96 posted on 03/15/2020 9:46:00 AM PDT by nickcarraway
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To: gibsonguy
Lol! 😂 Well done!
97 posted on 03/15/2020 9:52:23 AM PDT by MotorCityBuck ( Keep the change, you filthy animal! ,)
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To: Salamander
One of my favourites...1969 Dodge Daytona with a hemi although those are rare compared to the standard 440. The wheels on this one aren't right either but I won't nitpick.


98 posted on 03/15/2020 9:55:11 AM PDT by xp38
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To: Avalon Memories
138,000 people worldwide

A small city

99 posted on 03/15/2020 9:59:46 AM PDT by kanawa ((Trump Loves a Great Deal (NorthernSentinel)))
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To: nascarnation

Corporate bean counters, PR flacks and PC hacks ruin everything.
No room for personalities anymore.


100 posted on 03/15/2020 10:21:45 AM PDT by oldvirginian (I know not what course others may take but as for me Give me Liberty or give me death)
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