So we can stop or slow down our buying of food? Or refined petroleum products? Or transportation related distillates?
The US consumer cant control the USDX, and if the USD is worth less, the less crude oil it buys. The motoring consumer has very little affect on the crude oil price and its incredibly naive to think that we do. Just by nature of our suburban society we can only downscale our consumption so much.
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Unleaded regular is a "low" of $3.19 at Wawa - and up to $3.25 or so at BP, Shell, Chevron, Exxon, etc., etc. The last holdout was a 7-11 store "in the hood" that was selling it for $2.93 on Tuesday, $3.05 on Wednesday and finally $3.15 yesterday.
:gun4:
Diesel fuel is $3.45 to $3.75, depending upon where you go. Our diesel trucks at work average 6 to 8 miles per gallon, so it will get interesting to see if the boss starts to grumble in the coming weeks.
Since most everything comes via truck, train or ship (all of which use diesel fuel), we are on the cusp of some severe price increases for everyday goods.
:uzi:
P.S. $75 to fill my Silverado - and it was not even empty! My Sentra was still $29 from 1/8 of a tank showing on the gauge. Psshht!!
its not the value of the us dollar that is causing these huge fluxes in price because they aren't proportianate. It's speculative trading and manipulation by opec
....$4.09 for premium today....:crybaby:
Why are you buying premium?
3.73$ here in SD. it was 3.15 here 2 weeks ago. :violin:
In Tahoe City, regular(87) is now 4.09!! My dad is threatening trading in his Tundra for a Prius!! :bash: