Gas Prices

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  • daddyjt
    daddyjt Posts: 3,265
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    Now that prices are dropping, it’s time for a narrative shift in three, two, one…

    https://www.morningstar.com/news/marketwatch/2025031799/gas-prices-are-heading-below-3-a-gallon-why-thats-not-actually-a-good-thing

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  • Gardenstater
    Gardenstater Posts: 4,949
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    What a specious article; firstly for suggesting that the gyrations of the stock market over tariff uncertainties is somehow tied to the strength of the economy and secondly for suggesting that people are driving less over fear of how tariffs will effect prices in the future. Pfft.
    George / NJ

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  • treitz3
    treitz3 Posts: 20,363
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    The media can't earn money if they aren't sowing fear.

    Tom
    ~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~
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  • Gardenstater
    Gardenstater Posts: 4,949
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    Mostly the stock market cares about corporate profits and predictability of same, rather than the health of the economy. They crave QE, artificially low interest rates, government spending (boosts profits and GDP), and don't care about inflationary Federal Reserve policies one bit.

    Aside from that, I don't want to get the thread shut down since many can't talk economics without making it political.
    George / NJ

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  • la2vegas
    la2vegas Posts: 774
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    nooshinjohn wrote: »
    Oil could be a buck/barrel and gas in CA would still be 5 bucks a gallon…

    Love it or leave it...
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  • daddyjt
    daddyjt Posts: 3,265
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    nooshinjohn wrote: »
    Oil could be a buck/barrel and gas in CA would still be 5 bucks a gallon…

    So true. It would be one thing if the roads were in excellent shape, thus showing the return on investment for the high fuel taxes, however that was not the case in my experience there. One could ask where the substantial sum raised from the fuel taxes goes, but I doubt you’d ever get a response even remotely associated with the truth…
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  • daddyjt
    daddyjt Posts: 3,265
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    It is crazy that even Hawaii, where everything must be barged in, has lower gas prices than California - and Hawaii has better roads;-)
    “Human beings are born with different capacities. If they are free, they are not equal. And if they are equal, they are not free.”
    ― Aleksandr Solzhenitsyn
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  • audioluvr
    audioluvr Posts: 6,079
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    Trump eliminating subsidies and tax breaks for "Green Energy" projects will lower demand, which will lower prices temporarily. Until some disaster affects the cost of oil production, giving the oil industry an excuse to charge more.
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  • Gardenstater
    Gardenstater Posts: 4,949
    edited March 2025
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    Cool map. Article said NY, NJ, PA but map looks like IL not PA. My municipal prop tax went up over 7% last year which p'd me off something fierce.
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
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  • Gardenstater
    Gardenstater Posts: 4,949
    edited March 2025
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    I know Ivan. The article was wrong was all I was pointing out. A friend of mine moved from NJ to PA partially for the (relatively) low property taxes.
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Onkyo A-8017 integrated
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
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  • motorhead43026
    motorhead43026 Posts: 4,122
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    Our properties were reassessed last year for 2025. My property taxes increased 40%, that’s right 40%.
    And of course my property values increased the same.

    Taxes are $640 per month. My first home the payments were $425 per month. Just a statement on how things have evolved the
    last 40 years.

    75% of my taxes go to the Hilliard, Oh school district. The schools are excellent and very desirable but enough is enough.

    Since we don’t know where we are going we have to stick together in case someone gets there….Ken Kesey.

    Idolizing a politician is like believing the stripper REALLY likes you.

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  • treitz3
    treitz3 Posts: 20,363
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    I would move. We pay less than $1300.00 every year. I couldn't fathom paying that much per month.

    Tom
    ~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~
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  • Gardenstater
    Gardenstater Posts: 4,949
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    Something doesn't smell right there. A reasessment shouldn't trigger a town or school system budget increase. Although I have heard interpreters make a lot of money.......
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Onkyo A-8017 integrated
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
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  • motorhead43026
    motorhead43026 Posts: 4,122
    edited March 2025
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    Gardenstater wrote: »
    Something doesn't smell right there. A reasessment shouldn't trigger a town or school system budget increase. Although I have heard interpreters make a lot of money.......


    There was a new school levy passed in November 2024. It had been 6 years since the last one so this one was especially painful.
    Then there are library, zoo and others.


    Since we don’t know where we are going we have to stick together in case someone gets there….Ken Kesey.

    Idolizing a politician is like believing the stripper REALLY likes you.

    And the boots you lick will stomp you too.
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  • Emlyn
    Emlyn Posts: 4,905
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    Ohio does have unusually high property taxes around the major cities compared to most States because of the way schools are built and operated. Also because houses have higher valuations because of housing shortages and overall inflation. My parents used to live in Hilliard 20-30 years ago and were shocked back then at the real estate taxes increasing after the school district had to build multiple entirely new schools to accommodate the population growth. The area used to be farm fields not that long ago.
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  • Gardenstater
    Gardenstater Posts: 4,949
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    Around $780 per month here. But there is (subject to renewal by governor) an Anchor Benefit that can be as high as $1500 per year. Also, an additional senior benefit for 65 and over is supposed to start paying 50% of remainder property tax bill starting this year but not paying out until 2026. I guess this thread is about property taxes now lol.
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Onkyo A-8017 integrated
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
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  • motorhead43026
    motorhead43026 Posts: 4,122
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    Fuel prices are cheap compared to the other essentials like housing and food. I drive about 15k miles a year making my fuel bill about $1,700 per
    year @ current prices. Heck my cable bill is nearly 3k a year. Working on getting rid of this sheet.

    Since we don’t know where we are going we have to stick together in case someone gets there….Ken Kesey.

    Idolizing a politician is like believing the stripper REALLY likes you.

    And the boots you lick will stomp you too.
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  • Gardenstater
    Gardenstater Posts: 4,949
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    motorhead43026 wrote: »
    Fuel prices are cheap compared to the other essentials like housing and food. I drive about 15k miles a year making my fuel bill about $1,700 per
    year @ current prices. Heck my cable bill is nearly 3k a year. Working on getting rid of this sheet.

    Yeah maybe but I'm thinking if you are a long distance trucker you could drive 15K miles per week. Fuel costs are a significant part of inflation due to their effect on grocery prices and manufacturing costs.
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Onkyo A-8017 integrated
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
    Custom Vibration Isolation Speaker Stands and Sub Platform
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  • daddyjt
    daddyjt Posts: 3,265
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    I always find it humorous when people say things like “…gas prices don’t affect me because I drive an EV”, or “…gas prices don’t affect me because I don’t drive much”.

    While statements like that may be true, I would ask - do you eat? Do you heat/cool your home? Do you use electricity? Do you order things on line? Do you use electronics? Buy records/CDs?

    Gas/diesel prices are tied directly to the price of oil (insane state/local taxes aside). And crude oil is used in virtually EVERYTHING. From pesticides and herbicides to all “man made” fabrics, plastics, rubber, to virtually all electricity generation, to ALL shipping (by truck, plane of ship)… Crude oil is EVERYWHERE. So wether you want to admit it or not, “gas prices” affect virtually every aspect of your material life.
    “Human beings are born with different capacities. If they are free, they are not equal. And if they are equal, they are not free.”
    ― Aleksandr Solzhenitsyn
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  • motorhead43026
    motorhead43026 Posts: 4,122
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    ^^^^^sure and so are labor and health care costs. Which are much bigger drivers of the price of goods than gas or oil.
    Especially considering that the average price of a barrel of oil the last 4 years is about 15 % more than it was the previous
    3 years. I did not include 2020 as that was a total shet show as we all know.

    To blame the present level inflation on just gas and oil prices is too simplistic and easy. And don’t get me started on price gouging.

    With all due respect.

    Since we don’t know where we are going we have to stick together in case someone gets there….Ken Kesey.

    Idolizing a politician is like believing the stripper REALLY likes you.

    And the boots you lick will stomp you too.
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  • daddyjt
    daddyjt Posts: 3,265
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    I re-read my last post, and I don’t see where I blamed “all” inflation on oil prices, or discounted the impact of labor or healthcare - all due respect.

    That said, the thing that oil, labor and healthcare costs all have in common is this: Once government gets involved, costs skyrocket and supply dwindles.
    “Human beings are born with different capacities. If they are free, they are not equal. And if they are equal, they are not free.”
    ― Aleksandr Solzhenitsyn
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  • motorhead43026
    motorhead43026 Posts: 4,122
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    Toolfan66 wrote: »
    Gas never goes up or down for me. I give them $20.00 and put $20.00 in every time. You guys should move..

    Now this is the funniest reply I have heard in a long time.

    Since we don’t know where we are going we have to stick together in case someone gets there….Ken Kesey.

    Idolizing a politician is like believing the stripper REALLY likes you.

    And the boots you lick will stomp you too.
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  • Jstas
    Jstas Posts: 15,018
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    What do you mean I'm out of money?

    I still have all these checks left!
    Expert Moron Extraordinaire

    You're just jealous 'cause the voices don't talk to you!
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  • Gardenstater
    Gardenstater Posts: 4,949
    edited March 2025
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    motorhead43026 wrote: »
    ^^^^^sure and so are labor and health care costs. Which are much bigger drivers of the price of goods than gas or oil.
    Especially considering that the average price of a barrel of oil the last 4 years is about 15 % more than it was the previous
    3 years. I did not include 2020 as that was a total shet show as we all know.

    To blame the present level inflation on just gas and oil prices is too simplistic and easy. And don’t get me started on price gouging.

    With all due respect.

    And labor and healthcare costs go into the price of gasoline and diesel and natural gas, in addition to the prices of fuel. It isn't just the raw commodity prices of nat. gas or crude oil that go into the at the pump final prices. It has to be gotten out of the ground, distributed, refined, delivered...... You can see below that refining cost went up 32% with almost the same just 25% higher crude oil price and that was just 2023.

    thjtypzokjd7.jpg
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Onkyo A-8017 integrated
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
    Custom Vibration Isolation Speaker Stands and Sub Platform
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