Why Gas Prices In The U.S. Vary
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- เผยแพร่เมื่อ 21 ต.ค. 2021
- As of October 4, 2021, the average price for a gallon of gasoline in the United States reached about $3.19. A closer look at the costs of a single gallon of fuel can be even more revealing. The refinery count in the United States has shrunk dramatically over the last several decades. That means the country relies on an ever-smaller number of ever-larger plants and is more vulnerable to supply constraints in the wake of outages.
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Why Gas Prices In The U.S. Vary
Oil barrels were $41 at beginning of this year. Now $81+ for oil barrels. Stock investors are smiling
DWAC TO THE MOON!
As both an investor and consumer of oil I'm glad my money is growing but cash on hand is not.
petrodollar collapse
@@exiledhebrew1994 that won't happen for awhile. Theres literally nothing to replace it for the foreseeable future
@@HH-le1vi blockchain
I miss last year when you could easily find gas for under $2 in the Midwest and South. Cheapest I’ve paid for gas was $1.76 in Omaha, NE!
yeah, it was crazy, gas was below 99 cents in some parts of Wisconsin here
@@CosmodarCrew Those are rookie numbers :) Gas is $8.82 per gallon in the Netherlands :P
Trump
I pay 2€ per liter in europe.
97 cents on long island
Back when I was President, The price of Gas was 20 cents
Why do Boomers think inflation is just their waistline?
adjusted for inflation: $3.10 a gallon
When I started driving it was $1.25/gal
you put the cool in coolidge
@@gioslost exactly
The average price over the years adjusted for inflation is $2.60 and it bounced from $2.00-$4.11
I paid $1.29 a gallon during the lockdowns in Texas.
That was because the lack of spending in 2020 cause a deflation before the stimulus.
Here is what will happen. As usual gas prices will go down over the winter. Let's say they drop 30 cents a gallon. Then come April they will start to raise them a 8 to 10 cents a gallon at a time. People will figure still cheaper then before. They will keep doing this till they are back to the highest price it was before they lowered the price of gas. Then they will add another 25 cents and/or more over then next few months so we all will be paying at least 30 cents a gallon MORE then the highest price this year. It's basically a bait and switch. So we can very easily have a $3.80 cent average or more by this time next year. Oil companies want to make up for all that lost revenue from Covid as well as the oil producing countries. Why do you think the cost of just about everything is up 15% and MORE. it's to make up for lost revenue.
While right now, gas in Sacramento hit $5 :l
Glad to see it, you people in CA deserve it. Hope it get's to 6 bucks a gallon. I paid $2.95 today.
@@scottolson4510 I am from Yuba City Sacramento sucks a big one. Damn 5 bucks ouch.
Every time that i hear Gasoline prices in America my jaw drops. Even in california gas is still 50% cheaper than it is here in the Netherlands. And other states like Texas are even cheaper. It's practically free gasoline.
What you don't hear is that federal taxes subsidize the cost of gas otherwise it would be close to what Europe is paying.
@@BnORailFan by subsidize you mean not overtax gas...how is not overtaxing a subsidy....in many European countries and elsewhere gas taxes are used to fund welfare schemes....govt taxes oil as they seem fit....
@@zion3335 In many European countries and elsewhere gas taxes are used to fund road schemes.
Cars often go twice as far on a gallon of gas in the Netherlands.
@@michaeloreilly657 And that's only because they use the larger imperial gallon for determining gas mileage while the US uses the smaller US gallon for calculating miles per gallon.
My US built Ford Fusion is the exact same car as the Ford Mondeo in the UK with the same engine. But the UK Mondeo is rated better for miles per gallon only because it's milage is calculated with a larger gallon. The reality is my Fusion has the exact same gas mileage per gallon. 😉
I thought everyone ride bikes in NL and talk in high pitch voices?
Gas station manager here. There’s some important details left out that lead to increased prices. Supply side and demand was explained but that margin and marketing cost of fuel has also increased.
With gas apps like Gas Buddy, GetUpside and many others, these frequently used apps cost stations like our money to fund promotions and have advertising. This is something that we didn’t even have an option to use 20 years ago.
Another thing that has changed our business is maintaining the stations, pumps are more electronic and sophisticated than before, having screens and EMV protections like pump lockouts. Part from some manufacturers now come with expiration dates, creating even more increased maintenance cost.
Combine this with increased fuel economy and in some cases less demand than last years we are forced to makeup volume with margin. Industry average years ago was in a ball park range of .20 per gallon of gasoline, diesel tends to have higher margins.
With inflation changing everything else, our lowest margins are now .25-.30 range, business seasons can see .40+cent margins on fuel.
One thing is for certain, even with the onset of electric vehicles, the petroleum based fleet will be around for many years to come.
Very interesting, and I know it is off the subject, BUT why not mention YOUR income from food and drink sales and other services, since YOU are talking about other costs like pump maintanence?
@@wordwarrior2350 Maybe because pump maintanence is mandatory for providing fuel and factors in fuel prices, while food and drink sales is a seperate thing, that's not run to subsidize the fuel selling business.
Also, this manager was talking about differences between now and past times. Selling food and drinks is a constant here, that hasn't changed much I guess, thus it is pointless bringing it up.
@@testthewest123 Maybe it is MORE pointless for YOU to act like somekind of hero. I was commenting as to what I want to say. It is ALL about income. I am sorry that YOU can only see things the way YOU see them and have a need to make excuses for people YOU have nothing to do with. They also never mention how the gas companies charge them such prices that they need to sell food and drink. Thanks for showing how narrow minded YOU are, definitley.
Thanks anyway.
@@wordwarrior2350 Have you lost your mind? I acting like a hero? Why, because I responded to you instead of just ignoring it?
And the rest you write is sadly the same bs.
Any business owner looks at the different products and their margins and will cut the ones that are not profitable or increase the prices until they are.
And gas companies do just the same, or who do you think pays for all the new ideas concerning environment, CO2 etc?
Lastly, selling food and drink is not a dirty business in any way. If you are a retailer and have the means to offer it, why not? It is completely unrelated to gas prices. Not doing it is leave money on the table.
And one last advice: Never call someone narrowminded, if you haven't checked yourself first. You are not a business owner, you have no idea about costs. It is unclear why you even talk about it and get ballistic as soon as someone trties to educate you.
@@testthewest123 When someone stands up for another they can be called a hero... Or a control freak.
First of all I wasn´t writing to YOU in the first place. and, YOU still have that NEEEEED to control. Plesase STOP NOW! I have no interest in speaking with a control freak who JUST couldn´t ignore it. That is the proof of YOUR problem No one else wrote to me and a few other I wrote to have sad, "Thank You", to me. Maybe YOU should consider what kind of mind YOU have or have lost.
Right at the beginning of the great lockdown in March 2020, I was on a spring break rock climbing trip in Northern Arkansas and on the drive back we experienced 98c gas on the drive back through southern Missouri
As a southern Missourian, I ask that you keep our low gas prices a secret, we like our 2.60 a gallon.
I don't care about the Gas prices, they need to regulate the price of Diesel so your every day groceries don't shoot up, like bread, milk, eggs, etc.
It's hurting now. I don't see nearly as many boats out now because $4.25 or more at a dock is keeping boats at home or on the dock. I would not be surprised if gas at a dock in CA is 7 bucks a gallon or close to it.
The real question should be why many things are priced the same across the US when cost of living and transportation are not.
Depends on the item itself
@@HH-le1vi products that are manufactured into "single purchase" are easier to price per unit than items such as gas/energy etc. that are based on utilization patterns. Building products into single purchase is easier to calculate all the materials cost and then labor/business expense costs to price at an economy of scale.
Depends on the quality that the house is made out of And the state laws changing it.
CRUDE OIL PRICE IS VERY MUCH HIGH.IT SHOULD FALL TO 65$ TO 55$.
The question is why isn't the minimum federal wage $15 at least
This is a fine example of what journalism is supposed to be, good job to all those involved! Very informative and no arguing:)
NO i disagree, if one looks at available data directly one comes to an expanded assessment that focuses much more on the role of taxes. And as i said elsewhere , where those fuel taxes are the highest the roadways are in the worst conditions, to wit, California with urban roadways that are horrendous, badly in need of complete resurfacing, but cant be done b/c overpopulation has lead to such severe chronic congestion that anything other than limited patchwork would create instant gridlock. Nothin the government or media says should be accepted at face value.
@@rogerwilcoshirley2270 and what a random stranger with no credentials says should be?
This is propaganda at its finest. “Let’s go Brandon”
CRUDE OIL PRICE IS VERY MUCH HIGH.IT SHOULD FALL TO 65$ TO 55$.
@@imonaroll9502 you forgot to put your tinfoil hat for that picture...
I never knew Charleston, SC was seismic and I grew up in SC. I grew up in the upstate of SC and actually have experienced a couple of mild tremors while growing up there but Charleston is dark red.
any taxes for carbon emissions should be placed on corporate America.
@Gandalf Stormcrow i like how you just accept this as fact like it isn’t something terrible that they do
@Gandalf Stormcrow i’m talking about passing the taxes to the consumer. To an extent it’s inevitable that developing countries will produce more pollution. Renewable resources are still too expensive and weak to be feasibly used to power entire electric grids.
especially for countries that don’t have nearly the spending power of developed countries
@Gandalf Stormcrow you okay bro? what the hell has got you so bent lmao relax buddy
@Gandalf Stormcrow yes baby that’s why i’m saying it shouldn’t be like that ❤️
I worked at a gas station in the early 70’s. The gas prices were 39.9 a gallon when I started working and increased to 49.9 when I left in the mid 70’s in Virginia.
And a burger was 10 cents.
And you could buy a home with a $100 bill. 😏
If you want cheaper gas prices, just switch to Metric! A liter of gas will cost on average just 84 cents!
I like the way you think son, you can be my finance minister when I become president 👌
Then picture this: Average gas price in Italy is 2 USD per liter 🙌
That's not the same dummy!!!! A liter is smaller than a gallon!!!
@@timberwolfe1645 It's called a joke dude. People only look at the price, not the unit of measurement.
@@giovannidonega9391 that's bonkers
For those who are familiar with the metric system:
At 0:00: "The average price for a liter of gasoline in the United States is about $0.83. However, that average conceals a pretty wide range of prices across the country."
At 0:12: “The state with the cheapest gas is Texas, where on average consumers paid almost $0.74 per liter.”
At 0:20: “The most expensive gasoline is found in California with an average price of $1.16.”
At 0:26: “In 2019, the U.S. average fuel price was $0.69 per liter.”
At 0:44: “A closer look at the cost of a single liter of fuel can be even more revealing.”
On screen at 1:19: “Odometer on gas pump: From 11.92 to 14.31 liters”
At 4:07: “In the middle of driving season, and basically, overnight gas prices shot up 13 cents to 26.4 cents per liter.”
On screen at 5:16: "Gasoline price sign: Regular: $0.755 // Special: $0.782 // Super+: $0.808"
On screen at 5:37: "Chevron's Gasoline price sign: Regular: $1.056 // Special & Diesel: $1.093 // Supreme: $1.12"
At 6:19: “De Haan: "That adds up to 4 to 5.3 cents a liter"”
At 6:28: “California, which has the most expensive gasoline in the country, also has the highest taxes in the country; at an average of 22.5 cents per liter, the national average is closer to 13 cents a liter.”
On screen at 7:45: "Shell's Gasoline price sign: Regular: $1.056 & 1.083 // Plus: $1.109 & $1.136 // V-Power: $1.136 & $1.162"
Here is a conversion table in metric units:
1 kilometer = 1,000 meters (1 km = 1,000 m)
1 meter = 1,000 millimeters or 100 centimeters (1 m = 1,000 mm = 100 cm)
1 metric ton = 1,000 kilograms (1 t = 1,000 kg)
1 kilogram = 1,000 grams (1 kg = 1,000 g)
1 gram = 1,000 milligrams (1 g = 1,000 mg)
1 cubic kilometer = 1,000,000 cubic meters (1 km^3 = 1,000,000 m)
1 cubic meter = 1,000 liters (1 m^3 = 1,000 L)
1 liter = 1,000 milliliters or 1,000,000 microliters (1 L = 1,000 mL = 1,000,000 μL)
1 square kilometer = 1,000,000 square meters (1 km^3 = 1,000,000 m^2)
1 hectare = 10,000 square meters (1 h = 10,000 m^2)
1 kilometer per hour = 0.2778 meters per second (1 km/h = 0.2778 m/s)
1 meter per second = 3.6 kilometers per hour (1 m/s = 3.6 km/h)
1 liter per 100 kilometers = 100 kilometers per liter (1 L / 100 km = 100 km/L)
1 kilometer per liter = 100 liters per 100 kilometers (1 km/L = 100 L / 100 km)
0 degrees Celsius or 273.15 kelvin is the freezing point of water (0 °C, 273.15 K)
100 degrees Celsius or 373.15 kelvin is the boiling point of water (100 °C, 373.15 K)
-273.15 degrees Celsius or 0 kelvin is the lowest possible temperature (-273.15 °C, 0 K)
Celsius to Kelvin: (??? °C) + 273.15 = ??? K
Kelvin to Celsius: (??? K) - 273.15 = ??? °C
Here is a conversion table from U.S. customary units to metric units:
1 mile = 1.609344 kilometers
1 yard = 0.9344 meters or 93.44 centimeters or 934.4 millimeters
1 foot = 0.3048 meters or 30.48 centimeters or 304.8 millimeters
1 inch = 0.0254 meters or 2.54 centimeters or 25.4 millimeters
1 pound = 0.4536 kilograms or 453.6 grams
1 U.S. gallon = 3.785 liters
Celsius to Kelvin: (??? °C) + 273.15 = ??? K
Kelvin to Celsius: (??? K) - 273.15 = ??? °C
Fahrenheit to Celsius: ((??? °F) - 32) * 5 / 9 = ??? °C
Celsius to Fahrenheit: ((??? °C) * 9 / 5) + 32 = ??? °F
Fahrenheit to Kelvin: ((??? °F) − 32) × 5/9 + 273.15 = ??? K
Kelvin to Fahrenheit (??? K − 273.15) × 9/5 + 32 = ??? °F
Am lost! English please…🤣
Damn you're out here doing god's work
Thank you:D
Thanks.
Don't care how you break it down.....gas is costing more by executive order!!
i’m so glad i live in a small town where i ride my bike everywhere. however to get to the city it’s a 4 hour drive, but i don’t really need to unless i’m doing something large or moving something with my truck. even then, it still gets ~20mpg and, as an ag town, diesel is cheaper than gasoline so i’m paying less for more fuel economy and i hardly drive at all:) it’s pretty sweet
I love that there's official english subtitles. Thank you editor(s)!
Nice report - with a LOT of detail.
While I don't like the fact that I'm paying a whopping $1.70 more per gallon (September 2021) than a friend on the east coast, at least I now have some perspective on why.
MAPS: 2:16 5 gas distribution regions,
2:45 seismic risk,
6:29 Gas prices,
6:36 Gas taxes,
Other info: 7:05 Nelson complexity index,
8:04 Alaska Exception,
8:52 2020 Gas demand dip
A whopping $1.70 more is a joke lol We pay $8.82 per gallon in the Netherlands. Anything under $5.00 is practically free.
Thanks for the information before I watched the video I appreciate it😄
Kind of hilarious how someone asked that CNBC start including these stamps and they didn't -- so the community is crowdsourcing. Thank you for your socialist duties!
@@Bertuzz84 People complain so prices don’t hit that of Europes. People in the Netherlands sure know how to just take a punch & not fight back.
@@Bertuzz84 My health insurance premium this month is $628/mo for just myself. I'd rather have $10 gas.
My solution is grocery shopping in bulk once a month and working from home , I won’t be spending anymore money on travel , eating out , entertainment , ordering food and online shopping .Sticking to minimal basics.
It sounds like you're going to be missing those days, where you're gong to have to live off of the memories.
@@Steveman27 I live in Miami Beach never a dual moment plenty of friends and free activities we are happy 😊
Compare gas prices between red and blue states and you have your answer
What is the answer ?
What do you know?
High prices , high rent and increasing homeless people you can.blame the Demorats...
🐀
Texas has a higher gas price than the national average
I switched to an electric car a year ago. Ever since, I have never even thought about gas prices. It's glorious. Try it out if you can.
I wish! I spend $90 for gas a couple days ago. I wish the electric cars were cheaper. One day...
Ever since I got mine I've been so glad I can just drive past gas stations
How about warranty? And maintenance / tune up cost post warranty
Hey, I got you. I want one also Tried to purchase a Leaf. None around. . . The only issue I have with EVs is how do owners pay road use taxes? Driving around on roads they aren't paying for? All for fun.
@@ssuwandi3240 only thing u need is window wiper, tires and brake (you don’t really use your brake since there’s one paddle driving) my model 3 i have 50k warranty and 100k miles for the battery
So many reasons not to live in California: high gas prices, extra taxes, mandates, high real estate, etc.
Forgot taxes, more taxes and let's not forget more taxes across the board. Then rent which is one of the highest in nation and all comes down to the taxes. Want to buy a house a shack 1 million no thanks
@@bsm121 yep but I also don’t like the weather I live 50 to 70 degrees so I guess I will live in Illinois
Forgot their high paying jobs and great environment.
@@ClickLikeAndSubscribe some tech jobs okay explain the massive homeless problem there. Between rent being 4k and up in most good areas for an apartment (forget buying a shack for 1 million) and gas being almost $6 only thing good and cheap is food other then that 100k a year is pennies there vs other parts of us.
CRUDE OIL PRICE IS VERY MUCH HIGH.IT SHOULD FALL TO 65$ TO 55$.
Gas in the US is dirt cheap compared to other countries. In the Netherlands we pay €1,98 per Litre= $8,72 a gallon!
You need to drive less in netherlands .
But USA is vast and need to drive a long distant to do anything. So gas or oil bill is higher
U guys can walk while usa you have to drive or you get run overed
CRUDE OIL PRICE IS VERY MUCH HIGH.IT SHOULD FALL TO 65$ TO 55$.
Here in Brazil there is also a lot of variation because of state taxes, but the biggest problem is the recent devaluation of our currency (Real). The dollar has been pressuring and the gas is costing R$7.00 ($1.24) per liter in many regions. In addition, Brazilian fuel has a higher ethanol level than in other countries.
Word of 2021 “Transitory”
Here in Missouri at the beginning of the pandemic (May 2020), I filled my 17-gallon tank for 17$!! you do the math.
I love this channel and series. Keep them coming!!!!
But please make the sounds louder. I found the recording level is lower than other videos channel with the same video quality.
Thank you.
Informative episode. Thank you CNBC
Me being in Texas & complaining about the price of gas 😭
It is cheap compared to the other states...as a former Illinois resident who now lives in Texas I am glad it is only 2.80 compared to 3.50 a gallon
I paid 3.30 the other day and almost cried. My boyfriend and I are long distance so we can't see eachother as often,but now I'm just glad I don't live in Cali
@@WWECenationMan210 I don’t know what part of Texas you’re from but in EP it’s almost 4 Dollars!
@_jeff _ your cost of living is higher there so it makes sense. During the pandemic gas was 2.70
I have paid $10 to run my EV since I bought it in late June 2021. Mostly free charging at work and malls. Why people keep buying SUVs and Pickup Trucks with single digit MPGs is beyond comprehension.
Like they say it takes a lot of fossil fuels to build and run a Tesla.
@@blackworldtraveler3711 An EV makes up for the fuel used to mine the lithium for the battery very quickly while regular gas cars continue to produce pollution until their last trip. Even if you had an electric grid that was 100% coal or oil based an EV would still be more efficient and thus pollute less that a gas powered car.
@@fuzzzzilian
It takes a lot of fossil fuels to build and run a Tesla.
@@blackworldtraveler3711 Research and please do some math!
@@darrell3643
Stand by what I said.
I've done the research and math where it counts.
Bought a lot of oil,natural gas,pipeline,Tesla,solar,battery,lithium,recycle/disposal stocks all under $4 a share and so far make over $9k/mo. dividends in my Roth and taxable accounts with several thousand percent return.
Also been working with lithium batteries at NASA before many knew what they were.
Retired in my 40s.
You guys can rationalize and beta test these cars.
Heck I only fill my tank once a year.
Spent time in Alaska,Hawaii,and several countries in Europe just this year alone and didn't drive there.
I really like this type of content! Subscribed
Here in Brazil, fuel the car is a luxury nowadays. The prices are rising every week. Our fuel is overtaxed, we don’t have capacity to produce all fuel that we need, so we need to import gasoline. Furthermore, our currency has devalued, so we are paying more the one year ago.
We need more refineries, more battery manufacturers, new fabs, new bridges, better roads ..... we need that infrastructure bill very badly.
Here in Canada we pay $5.50 to $6.00 a gallon and fueling 250 to 500 gallon boats.😔😒
My F150 alone cost $140 to fill the tank.
Can't wait for the 2022 F150. 🙃
U got it good we pay 9,20 a gallon
@@stankeizer1861 tell where u live so I know not to go there lmao
In March of 2021, Californians were paying about $1.19/gallon purely in taxes and fees. I can only imagine how much we are paying now with gas prices around $6 per gallon. I just spent $92 to fill up my mid-sized sedan...at Costco.
We need to tell them to lower the prices Right now. Even if it doesn't work that way. This is cruel and unacceptable
Right. Food too!!
the most expensive gas price in us is comparatively cheap when you convert it to liter
Try to learn how to write a proper sentence with a capital letter at the beginning and a period at the end before YOU convert to liters, with an "s". OK?
@@wordwarrior2350 nah am ok, try make better argument next tyme
@@skellurip I assume thatt English is your lost language. Just answer this:
Do YOU mean ME or YOU?
@@wordwarrior2350 Clearly English ain't his first language
@@rayqwonjackson3474 It sure ain`t your´n either.
I love how there saying the reason of gas prices going back up is because of everything going back to normal🤣
They don’t wanna admit it’s their president’s policies
@@thereal0042 facts
Yeah… cause more people are traveling which means a higher amount of used gas meaning the demand is higher while the supply remains the same.
@@captainhellhound7451 people been stopped fw the stay at home recommendation around summer 2020, gas prices remained the same while travel was only goin up as more people started traveling again more, it’s no coincidence prices spiked almost overnight in March 2021, bc of tax, energy dependence, and wage policies that economists all warned against, keep believing dem excuse sheep 🤦🏾♂️
@@thereal0042 yeah… because we still had a surplus of oil. Yeah had literally a year surplus worth of oil along with the continuing of oil coming in. Of course it didn’t go up immediately. Also at the same the time the OPEC and Russia were having an oil war where they were intentionally over drilling oil to drive the price lower.
In Humboldt County CA where I live we've almost always had costs for gas 5-15% over what the news reports as the "highest price in the country".(edit: for clarity that includes being that percent over what it costs in the rest of California)
Tired of hearing "it's transitory" It takes a lot longer for prices to go back down (if ever) than it took for them to go up...
Your totally wrong
@@bigjim3903 you’re* totally wrong
On my way home last Sunday it was $2.72. Was off Monday. Left the house Tuesday morning and it was 3.09
Y'all Americans have it cheap. We in Vancouver if we convert it, pay $7.50-$8 a gallon, CAD.
@@user-pu3cf9pd2m Yeah that’s not cheap considering we have massive oil reserves and production. I live in Texas which has larger oil production than most countries. But also when you add in the fact that were willing to constantly invade other countries for their oil resources it really sucks when it’s this high 😂
It's $3.40 per gallon where I live. I wish I had enough money for an electric car haha
In Namibia gas costs about U$ 1.00 per litre, So per gallon is about U$ 4.54
@@frybanshee43 That’s not bad considering your country produces almost 0 barrels of crude oil year. I live in Texas which produces 1.79 billion barrels of crude oil every year. So your oil is all imported and still almost as cheap
I am so glad I bought a Tesla. I didn't even notice the gas prices have risen so much.
youll dues will be payed in repair bills by the end of the decade...
@@fishshit I don't have to pay for regular oil changes. Other than one repair and two tires after 60,000 miles I only had to put windshield washer fluid in the car.
Videos like these are why I love this channel
Another Awesome VideO As Always * 💋
❤
Love your Channel 💙
The cheapest gas I ever bought was .559 back in 1986. When it hit 1 dollar everyone couldn't believe it lol
I paid .18 a gal back in 1967.
they used to pay me to take their gasoline back in 1684.
@@mistermood4164 but they made you pay for the kerosene to light your house 😆
@@donaldsebolt6890 sometime they had too much to they paid me to take the excess.
I have a few barrels left when it was 2 a gallon got it stock up for awhile
FED monetary policies are insane.
When I was in the LA area in the pandemic I felt like it was the 70s or 80s paying for gas based on current currency purchasing power
Individual stations are gouging. Yesterday I paid $2.97. l passed stations who's prices ranged from $3.05 to $3.45 per gallon.
When oil price was in Negative territory, we never seen that price somewhat reflected at the pump. The price never went down, not even a few pennies, why???
Im not sure where you live but here in NY, prices definitely came down to very low $2s during that period.
How so? Gas hit a buck and change down here in GA last year.
@@fv457 Yes it was that price here in KY as well, but that price wasn't new, and oil barrel variation prices shows about 3 month later at the pump. Nothing of the sort showed later at the pump, when prices should have certainly hit $0.99.
CRUDE OIL PRICE IS VERY MUCH HIGH.IT SHOULD FALL TO 65$ TO 55$.
Gas was 99 cents maximum in April of 2020 in Iowa
Did you hear about the guy who swapped the labels on the pumps at the gas station?
It was an April Fuels joke.
You came really fast than I thought
@@harshkherajani7093 that’s what she said
@@SuperPlayz daaaaaaaaaaaaaamn
@@SuperPlayz Was not expecting that on a CNBC comment section lmfao
The biggest reason for increases in prices is completed omitted from this: GREED. The oil companies are milking as much money as they can from us.
You're wrong. The oil companies make less profit than the Federal Government makes on taxes. It is not even close. The greediest people in the world are politicians.
@@edkalski2312 Ah yes, the good ole "whatabout" subject changing tactic. Sorry not falling for it.
@@sooocheesy it’s your beloved Biden whom I’m sure you would bend down for.
Right now a gallon of premium in Texas is $3.59. Last year my car would fill up with $35… now $52
Expensive gasoline? I went through my gas receipts and added them up for the year so far. I've spent $8.97 on gas for my Honda Clarity. Drive it to work 5 days a week.
@2:45 lulz
"omg west coast has earthquakes, texas and FL have none"
lets totally ignore hurricanes, tornados, flooding, etc...
You forgot Texas sometimes freezes over
@@lordbread2083 r u from Texas?
@@lordbread2083 if u are remind me of another time Texas has frozen ik it snows in the north. If u are not from Texas let me remind u that was only once that's why we weren't prepared so not "sometimes" never unless i don't remember another time
Sure! I just was on Texas last week and and average price was the same as Arizona and New Mexico 3.33 per gallon and California is about 5 dollars
Having traveled the US A LOT, it's always higher whenever that area is projected to get more traffic. Having watched the prices of oil, that has never had a bearing in my life time. I'm sure it did in past generations. But, things were different then. Even if they took too long to admit it.
As a California resident, this basically convinced me that my next car needs to be electric because California is clearly on the path of completely cutting dependence on oil in the next couple decades. Those who continue to use gasoline powered vehicles are just gonna have to deal with more and more expensive taxes and prices.
The other side of that coin, I say this as a fellow California resident, is electric prices are higher than anywhere else in the country save maybe Hawaii. Not sure how electricity works with SoCal Edison, but PG&E just loves to charge you more based on how much you use, which can get quite pricey.
Just wait until you hear Cali has some of the most expensive electricity in the country
Shamoo you sound like a twit. Your electricity is already very expensive, which is why I have tons of clients moving hardware from Cali to Va to my colocation data center. Looking at what they were paying in Cali, they area saving 50% or more. No need to wait and hear electric is expensive in Cali, it already is!
That comment didn't turn out how you thought it would did it? LMAO It's easy for someone traveling in a city to talk about elect cars.
Most people think... investing in crypto is all about buying coin and leaving it to rise,😀😀common it takes much analysis to be a successful crypto trader
As a beginner how do I get into Bitcoin investment ...?any recommendation
Wow I' m just shock someone mentioned her I thought I' m the only one trading with her.
She is amazing with an amazing skills she changed my 0.3btc to 2.1btc
@@doclarry1894 seeking for her contact details
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LOL, just saw this... CA average $4.80 a gallon. Today 10/15/22 its $6.53! crazy
What? $ 3.19 a gallon is the nation’s average for gas? That’s a lot ! That’s a lot! I’m glad I drive an EV and don’t pay attention to this fuel problem.
8:40 This is the most silly thing I have seen people do to get cheaper gasoline. Don’t they know their idling car is burning fuel while they wait in line? Don’t they know they are probably burning more money idling their cars than if they had just bought gas elsewhere for just a few cents more per gallon.
Actually idle doesn’t burn that much gas especially in smaller engine cars. Also I don’t go to Costco or Sam’s club gas because it’s cheep in the sense that my a few people came into the shop with fuel problems. After I asked them where they get their gas, they said Sam’s Club. It’s common for there to sometimes be bad fuel in your location. With the cars I have I’d rather spend the extra 99cents a gallon on 93 octane to prolong the life of my car. I could care less on my truck though. Those turbo cars come into the shop more often now and I think it’s because people just used 87 all the time. There is too many impurities.
Saying the taxes and formulations in CA are the reason for the high fuel costs is misleading - gas prices got as low as 2.77 With an average of around 3.10 during the pandemic which shows that companies could still charge this and make money. It's high because the demand is high, and the higher average income in CA means we can afford the price increase. Eventually Californians will be switching to electric anyway - which is the long term goal. When covid first started, the clean air we had was great and everyone realized that driving everywhere especially in ICE vehicles was starting to go by the wayside. Plus your solar makes your 'gas' free and the maintenance is less on electric cars as well - it's a win win.
Companies charge what they need to break even or for example during the pandemic stay afloat. State taxes and legislation after a pandemic has the biggest influence and causation on fuel prices. Fact that those taxes have been historically misused and abused simply proves states are to blame. As a result, electric cars causing less gasoline to be purchased will cause states to further increase gasoline taxes in order to maintain their state revenue generation. As a result, gas prices will surely not decrease, as many falsely assume, but rather increase with consumers using electric cars more.
@@richardtodorov that "break even" comment is supporting waaaaaaay more weight than the evidence could possibly support.
@Zaven Sargsyan Is that air quality report counting or not counting all the smoke from wildfires every year?
I have already decided to switch to EV's as soon as I can.
@@fidgettyspinner3028 data can always be manipulated and misinterpreted. "Break even" are the words of gas station owners. That's actual evidence and facts.
2:02 ... Was I the only one waiting for "PADD Thai"? 🤣😂🤦
Just paid $3.49 when I was paying $2.15 to $2.25 a little over a year ago.
A Lady I use to work with at Wellmed corp office. When she didn't like Orange Face, I mentioned how will she like paying $6 a gallon for gas. Her Intelligent reply was..... That is why I have a job.
gas price increased?
good now build more public transport
This
Finally someone with brains in this comment section.
100% agree
Until a new variant is released.
Better explanation than the Forbes video. Crystal clear, thank you!
Very Educational Video ' Eye Opening Also.
With an EV, your home is your "gas" station. I haven't bought gas in 5 years and I couldn't be happier.
The future has arrived to you my friend. Here, in Brazil, this reality is so far! 😅
@ This video is about gas prices in the USA not in Brazil, but thank you for the perspective. The USA and other large powers like China need to be the ones showing that mass adoption of EV's is possible so car manufactures will be forced to export EV's for all markets, including Brazil.
I own an electric car too but the reality is most of the working class can’t yet.
Still can not handle extreme heat or extreme cold weather. That's is the only downside right now with EVs. Once we can fix that issue I believe they will take off even more.
If you live in California and have access to charging stations and it's time to buy a new car, an EV is definitely a consideration. The problem is, there aren't many low cost options. I think a Tesla Model 3 is awesome and I'd certainly buy that over, for example, a BMW 3 series. However, what about those that only want to spend $25K on a car? There needs to be an EV Honda Accord. An EV Toyota Camry. Something that you can drive off the lot for $25K or less.
Come to India and see how expensive the fuel prices can be
Its double the price man sucks
Living within 10 miles of a refinery where temperatures were high for ONLY a week here in the Pacific Northwest, at no point in time were there any issue's as I'd drive by the refinery it was still capable of operating. Had there been thermal issue's production could be reduced during the day, while production be brought to full operation at night. Now what we all can observe is that the fuel prices are manipulated by increase a week prior to holidays, which supply is not an issue. Stating that it would be an issue is not logical as supply reserves can be increased as we all know that many will drive more at those times. Had there been real problems those in the surrounding communities would've heard about in our local news and papers, but this did not occur thus I call B.S. While a company did shutdown, but it's industry was with hardwood products also within 10 miles. Curios how fuel prices are, feel free to use Gas Buddy to find out what they are in different places. I use it on my cell for trips to places I'm not familiar with, but fuel up at Costco. Also note that Costco has fuel delivered from the very same distributor as most of the gas stations in my area. I close with, watch those prices just before Thanksgiving and Christmas and fuel before they jack them up. ;) lol
i agree i grew up off the coast in cali where you can see multiple refineries in the distant but price was $5 a gallon... all manipulated and controlled
If it’s cheaper to get it from other countries across the Pacific, and not to go through the Canal, I wonder what the price was before we gifted the canal to Panama. And would that difference today in canal fees change the route so we use the canal and our own production.
Gas prices will soon 🔜 reach $4/gallon like it did in August 2008 when I was 24 going on 25 years old
New Mexico now only has one refinery located in Artesia. The Gallup refinery is closed.
Yes everything is closed in NM to keep all of you 'safe'. You need to get rid of every single one of your current politicians ; they are a pack of liberal fascists treating all of you as if you are toddlers. But dont stop there, after you get rid of the idiot politicians , reach down and fire the university presidents, slam shut the schools of public health and cover their sites with tons of salt.
Here in NC it is $3.00+
I love road trips from CA to NV due to the cheaper gas along the way. Not this past week, I paid more in the middle of nowhere than I do back in San Diego.
Your kidding !? , I’m actually going in November
Just a thought. I remember when the barrel of oil was at 100
LETS GO BRANDON
I remember when it was 18 cents a gal. I'm 72 years old. That was back in 1967.
Just do the necessary research, study and analyze before making any investment decisions.
2021 stock market is just difficult and unbelievable, I rather invest my money on crypto
Crypto is really paying now, the rise of bitcoin has changed so many things for good.
I wanted to invest in crypto but I don’t know how
That won’t bother you if you invest with a professional like maria Garcia
I will not be surprise if this is Maria Garcia I know, her investment skills are amazing she registered under US security and exchange commission.
Gas price in Phoenix AZ went up 100% in less than a year
Let's go Brandon! It's only going to get worse.
Oct 2021 NH
We're at roughly $3+/gallon, regular
$3.20 per gallon in Iowa
it is 6usd in my city😭. salaries are less than 1/10th from your country with higher working hours and very high unemployment. Guess which country?
Gas companies are the worst. Point-blank.
Buy a Tesla
@@randomguy7175 at 50k? Naw
Supply & Demand + local policies. Saved you 11 minutes.
In Norway we pay about 7.9 USD per gallon gas because of high taxes and VAT on gas
Regular gas was at its lowest during the pandemic at $1.99 at my local gas station. Now, I believe it's $3.17 a gallon. My car (Subaru WRX) takes premium gas and I'm spending $3.87 a gallon. Oh I miss those pandemic days, with the empty traffic and cheap gas.
Some body needs to tell the fuel industry "Daddy Chill" All these companies can be spending money trying to build renewables but that rather do this.
DWAC TO THE MOON!
I know right It's really sad. It's even more sad when you realize that all sorts of fossil fuel infrastructure is being built out in the United States and all over the world right now. You know they plan to use that fossil fuel infrastructure for at least the next 25 years. Like come on the fossil fuel age has to be over.
CRUDE OIL PRICE IS VERY MUCH HIGH.IT SHOULD FALL TO 65$ TO 55$.
@@Cameronmid1 fossil fuels are also used in plastics and factories which make all the things you buy. It ain’t going nowhere
Let's GO Brandon.
This is propaganda. Never forget “Let’s Go Brandon”
Shut UP TRUMPER
CRUDE OIL PRICE IS VERY MUCH HIGH.IT SHOULD FALL TO 65$ TO 55$.
@@crazybusdriver1 LET'S GO BRANDON!!
@@crazybusdriver1 name says it all.
I’ve been waiting for an explanation for why my Corolla is consuming almost $40 per fill up!🤯🤬
the weather was so nice today!
An investment in knowledge pays the best interest.
Bennett sean carnegie you're a legit trader and your method works like magic i keep on earning every single week with your strategy
@@memmacassau3843 Bennett has been handling my account for years now
I love how this video explains the reason for gas prices and then people go on the comments trying to manufacture their bs theories
Just a coincidence gas skyrocketed when creepy Joe got in office
@@bigjim3903 I got one!
@@evolution__snow6784 don't worry it's just a coincidence, keep living in your madeup world
@@bigjim3903 the projection lol
@@evolution__snow6784 In your world it's better to buy fuel from other countries, because your uneducated
I've been driving electric cars for the past 5 years. Gas is becoming a distant memory. Something I did in the old days. I usually charge up overnight when power is cheap, or during the day when it's free (solar). My car is as "full as I want it to be every morning. I drive about 30 miles / day. That uses about 8kWh of power. I pay 15c / !kWh from the grid or solar is free. So at most about $1.20 / day or about $17 for 500 miles. I also have solar and Tesla Powerwalls, so can make most of my own electricity. On the rare occasion the grid isn't available it usually doesn't matter at all. Getting past gas does require some adjustments. It's different. Mostly.....it's better, too.
You think those batteries will last forever????
@@DR.ELEKTRIK yes so far solar and batteries are longer lasting then you think. Tech has gone that far.
@@DR.ELEKTRIK Nothing lasts forever. But they have an 8 year warranty to 70% capacity, so I'm happy. A Tesla Model 3 Long Range at 70% capacity still has 250 mile range. The car works just the same though you might need an extra charging stop on a longer trip. But for the average commute, the battery will last longer than the car.
You are so lucky in the US, the price of petrol here in the UK is almost $10 US dollars a gallon. Taxed heavily.
That's it I'm packing my stuff and moving to Texas, they have some of the best gun laws and now I know cheaper gas I'm outs
Each to their own and I hope you like it.
The high humidity combined with high temperatures, the huge expanses of flat lands, the common flooding and severe storms near the coast aren't for me.
You sure you're not talking about Louisiana bud?
@@gregparrott I live in georgia so I'm used to the high as humidity and the bipolar weathers
@@Hussleman1 Bipolar weather? Interesting description. I like it!
I worked for 3 years just outside of Nashville. So I sort of understand the bipolar aspect, although I'm sure it's more pronounced in Georgia.
@@gregparrott I'm talking about georgia
I will advice everyone who is into cryptos to Stick with ETH and BTC as much as you can guys,especially with the current rise in price, If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
Investing in crypto now should be a good idea for everyone who is willing to fight off financial instabilities
This is needful but beginners shouldn't settle for videos alone, deep thoughts of life is not shared or made available to everyone, I'm so happy for taking the bold step in working and investing $2000 with Mr Wayne after a week I received $9,345 to my bank
I'm happy to see Mr Wayne Thornton mentioned, he is recognized, my wife recommended him to me after investing $4000 and he has really helped us in terms of this bad economic crisis
I've seen different recommendations about Mr Wayne, he must be very exceptional for people to talk about him like this
I have also been trading with him. profits are secured and over a 100 percent return on investment.
Not just in the United States. In Cambodia, the price of gasoline is 4$ per gallon. I almost broke now.
Welcome from Australia , we buy 4.7 litres to make a gallon , 1 litre cost us around 1.98 , do the maths
NICE VIDEO !!! Very engaging from the beginning to the END.Nevertheless business and investment are the best way to make money irrespective of which party make it to the Oval Office.
I have secured financial freedom by investing in bonds, equities, EFT’s and some digital currencies.
Absolutely right ,I got 70% of my total portfolio in crypto and I have been making good profits.
I wanted to invest more in crypto,but the fluctuations in crypto value discouraged me into dumping.
Lol 😆,that wouldn’t be a bother if you trade with a professional like Mr Bryan Lawson
😳 wow, I’m just shocked you mentioned and recommended Mr Bryan Lawson
Until Elon gives me a free cyber truck or I just get some incentive into getting an electric vehicle I'll stick with my Toyota Hilux
How about a 8,000 usd insensitive?
What, you just expected oil companies to eat their losses from the year of $2 gas?
I knew that gas prices are significantly lower in the US, but this is insane.
Here in Germany the price for 1l regular petrol is about 1.70 Euro. Due to a new CO2 tax raise and overall supply shortage it went up during the last two months.
1.70 Euro = 1.972 Dollar today!
By far the biggest portion of that are taxes.
Heard of india
I literally pay $1.3 for a liter
I make $14k annually
@@tanmaysingh267 Yes, of course we've heard of India; Indians commenting online never shut up about being from the country.
"As an Indian.....As someone from India.....I'm from India and....." WE. GET. IT!
well, when you people keep voting the bloody green eco parties, that's what you get
CRUDE OIL PRICE IS VERY MUCH HIGH.IT SHOULD FALL TO 65$ TO 55$.