Who's feeling the pain at the pump with 4R ?

[repo]

This isn't totally accurate. The US has produced more oil in each of the past 3 years then it ever has in the past. A reason increased production hasn't led to lower prices is because domestic producers have been net exporters of oil since 2011, which has helped keep the national supply/demand around the same.

The US has always been energy dependent, that's why OPEC decisions always impact gas prices.

Yeah and the government's only option right now, after begging Iran and Venezuela and having their calls declined by Saudi Arabia and UAE, is to invoke the right in the Omnibus bill to ban US oil exports. Which would be great for us but crippling for the rest of the world. Our domestic oil price would uncouple from the The global market, everyone else will be paying like $200 a barrel. Which means Arab Spring 2.0 and probably European and Asian Spring 1.0. It's either that or we pay $10/ga for a while. Even if we got Iran, Venezuela, SA, UAE to work with us it's only a fraction of what we need after canceling Russia, and having sanctions for long on Iran and VZ who are in no place to produce right now (and probably ear marked the first stuff for China already). It's pretty ****ed. Same with Canada, it cant makeup for Russia.

Bear in mind if we do this Europe is losing Russian gas and USA gas at the same time, coupled with their religious cult like persuit of pie in the sky climate BS and radiophobia they have completely shot themself in the dick.

 

[spartacus]

My motorcycle is going to come in handy...... after all this snow melts.

I second that.

 

[catrains]

Yeah and the government's only option right now, after begging Iran and Venezuela and having their calls declined by Saudi Arabia and UAE, is to invoke the right in the Omnibus bill to ban US oil exports. Which would be great for us but crippling for the rest of the world. Our domestic oil price would uncouple from the The global market, everyone else will be paying like $200 a barrel. Which means Arab Spring 2.0 and probably European and Asian Spring 1.0. It's either that or we pay $10/ga for a while. Even if we got Iran, Venezuela, SA, UAE to work with us it's only a fraction of what we need after canceling Russia, and having sanctions for long on Iran and VZ who are in no place to produce right now (and probably ear marked the first stuff for China already). It's pretty ****ed. Same with Canada, it cant makeup for Russia.

Bear in mind if we do this Europe is losing Russian gas and USA gas at the same time, coupled with their religious cult like pursuit of pie in the sky climate BS and radio phobia they have completely shot themself in the dick.

yes on the financial/ stock news networks your post is correct.........
2023 fed govt is changing the fuel USA contracts....turn it on !!!!!!!!!!!!!!

green deal they like 10 bucks a gallon of gasoline .........

 

[kfs-4runner]

This isn't totally accurate. The US has produced more oil in each of the past 3 years then it ever has in the past. A reason increased production hasn't led to lower prices is because domestic producers have been net exporters of oil since 2011, which has helped keep the national supply/demand around the same.

The US has always been energy dependent, that's why OPEC decisions always impact gas prices.

This statement is not even close to being correct from what I can see. Peak US Production was in 2019. It looks to have been significantly off ever since.
U.S. Crude Oil Production - Historical Chart | MacroTrends

 

[repo]

The reason we export is because the gulf refiners are setup for heavy, sour oil we thought we'd get from Venezuala back in the day and we have to import now from North Sea or wherever. So we export our sweet oil and import sour because of refining capabilities. Half of the problem is rigs, refineries, pipelines which take time to come online, not just the number of barrels. And also the capital to build that stuff in places like Venezuela. I think Saudi Arabia is pretty much the only country with any kind of excess production capacity today.

What we're actually witnessing right now is the end of globalism, which was engineered by the likes of Henry Kissinger with the idea that if every country is reliant on each other through trade there would be no wars lol. It will go back to pre WW2 type trade. USA should be fine though.

 

[repo]

This statement is not even close to being correct from what I can see. Peak US Production was in 2019. It looks to have been significantly off ever since.
U.S. Crude Oil Production - Historical Chart | MacroTrends

I think he meant year on year increase. But it's really DAVOS not OPEC that's been making it weird from what I understand.

 

[repo]

A couple of years ago oil companies couldn't sell all the oil they produced. At some places they were having to pay for storage facilities to take if off their hands. So, surprise surprise they cut production and laid off huge numbers of employees.
Guess what ... they can't instantly go back.

That was because of futures and physical delivery contracts or something like that from what I remember? It was more of a financial speculative shenanigans issue than fundamental supply and demand issue I think. The oil companies are having problems investing in the stuff you mention since DAVOS causing volatility, so they've been keeping prices high instead.

 

[Something_Awesome]

The gas here in LA is about $6. Should hit $8 at least in the very short term. I do not see the government doing anything to ease the burden, so I am considering canceling my 4Runner ORP with KDSS. May instead just get a Golf R and then trade my wife's car in for a Tesla Y down the road. We can make due without something big for now, but we'll need something big within 1.5 years from now. If I cancel the 4Runner, then I probably won't get the Golf R until next year in the hopes that the infotainment system gets; preferably with the return of some buttons. This will also afford me the opportunity to see if the GR Corolla will be a contender for my money. Will probably be even more fuel efficient than the Golf R.

We'll see. Was really looking forward to a 4Runner. Going German will be weird for me, but the Golf R is a nice package. Been a Honda/Acura driver my whole life.

 

[Something_Awesome]

This isn't totally accurate. The US has produced more oil in each of the past 3 years then it ever has in the past. A reason increased production hasn't led to lower prices is because domestic producers have been net exporters of oil since 2011, which has helped keep the national supply/demand around the same.

The US has always been energy dependent, that's why OPEC decisions always impact gas prices.

This is correct. However, the price per Barrel has gone up (for obvious reasons). Production needs to be increased to bring the price down. The fact that production has increased over the past few years does not mean that production is not the remedy. Obviously, lifting all sanctions as if nothing is happening in Ukraine could fix the problem, but that's off the table. So clearly production needs to go up to bring barrel prices down. Prices at the pump will then go down.

Or, for temporary relief, the feds and states can abstain from taxing gas temporarily. California's portion on gas tax is 51 cents here. But they won't put a temporary hold on that. Newsom loves shaking everyone down here; the poor included. Not a single member of the poor in California even knows that Newsom is shaking them down for 51 cents a gallon. Newsom knows this, too. Nobody in government here actually gives a rip about the poor. They try to keep them poor because it also means they'll continue getting votes (somewhat paradoxically). They nickel-and-dime the people on cusp of lower-middle-class and poverty, then use that money to put our homeless in hotels while they build these same homeless persons free condos to live in. Hordes of homeless will turn out at the polls, including others.

It's like me spiking your food with loads of hydrogenated oils so I can continue selling you gym classes to try to lose weight. Hopefully, people will notice that they're not getting the results they're paying for.

 

[CutthroatSlam]

When prices truly break on the gas hog SUVs, I’d like to pick up a 2005 3/4 ton Suburban gasser with a clean body inside and out, then do a Duramax + Allison coversion which would turn it into a 20 mpg hwy vehicle.

 

[TRD PANTHER]

The nice part about the higher gas prices are that there are less people out in remote off road places now.

 

[JoeBand]

quit *****ing about gas prices

ah, prices went down?

this was two weeks ago...

 

[chompster4runner]

op2:

 

[bzizzi]

I also have a BMW G650GS Motorcycle that gets 75 mpg, might have to start using more.

 

[honda250xtitan]

as a small business owner who relies on a truck and trailer this is sucky (especially sucky because this is due to bad policy, bad agendas, and basically a giant F you to the middle class). i run lean with no debt, all my equipment/truck/toyota is paid off, but it still sucks to fill up weekly at $150 vs $75. Plus how ever often wife fills up the toyota.

theres alot of landscape and other construction crews around here that are about to learn the hard lesson that just cause your brand new f450 is a tax write off doesnt meant itll help your monthly cash flow lol


At least now i have a good reason to hurry up and finish my 66 bug restoration. those get solid mpg lol


also, fuel is just one more wrench thrown into the mess. Everything about to get even more expensive.

 

[progress4m]

This is correct. However, the price per Barrel has gone up (for obvious reasons). Production needs to be increased to bring the price down. The fact that production has increased over the past few years does not mean that production is not the remedy. Obviously, lifting all sanctions as if nothing is happening in Ukraine could fix the problem, but that's off the table. So clearly production needs to go up to bring barrel prices down. ...

Oil Production and ability to produce more and rapidly is directly related to the number of active rigs.

Current number of active rigs in US is 650, in the 2020 US had 850 active rigs before world and US economy were stopped pushing that number to 252… the main reason the number of active rigs is not back to pre-pandemic level (despite very high demand and high oil \ gas prices) is the position of current US Administration, AKA as “war on oil and gas”: stopping existing projects from being completed-artificially creating huge losses for all business involved, increasing permits\leases prices, and making them very difficult to obtain, penalizing financial institutions for lending to oil\gas business, creating false\ridiculous claims about global climate changes and its relation to oil\gas used in US as well as increasing penalties for “pollutions”, removing all incentives for research and development... and list goes on.

So, in essence US Oil and Gas is at about 75% of what they were in 2020 and with no ability for rapid increase- as per above, you can thank current US administration for that and for the price at the pump.

 

[dflowerz]

I am in a situation where I have two homes, one in the PNW and one in Cali and the 4Runner is temporarily our only vehicle in Cali and it's getting a lot of use. At the moment regular gas is over $5/gallon. I see adding an electric vehicle soon. Of course it will take probably years to offset the added carbon footprint of building an EV and the cost of the EV will never offset fuel savings, but it would be nice to have some non gas vehicle in case there is another gas shortage. No plans to sell the 4Runner, but filling it up right now is painful.

 

[DAW89446]

I have a 2020 TRD ORP and am retired so no longer commuting 400 miles/ week to work and back. … are any of you considering selling your 4R for something more fuel efficient or buying a second vehicle that is more fuel efficient ? … It was funny to see expression on dealers face when she said she'll take new car but give her old car to me. They wanted to steal her trade.

I’m retired also. I live in a isolated, rural area, so annual mileage is relatively high. I have a ‘12 Subaru Outback 4-cylinder, which was languishing since my disabled wife doesn’t drive as much as she used to; now it’s the 4Runner that’s beginning to languish. As of Wednesday, gas has gone up $1.15 per gallon over the week previous, went up twice Wednesday. I haven’t been into town and am afraid to look. But no, I don’t plan to get rid of the 4Runner.

When I bought my ‘18 SR5, I had a ‘02 Tacoma TRD 4x4. The dealer offered me $5,000. I had no plans to trade, I gave it to my adult son, who was still driving a 35 year old Nissan 4x4. The Tacoma had been a faithful truck since I bought it new and had given me lots of reliable miles, a high percentage off road; I couldn’t bear to see it go to some small, inner city used car lot, so kept it in the family where it will continue to be used and pampered in its element.

 

[Pedro367]

Oil Production and ability to produce more and rapidly is directly related to the number of active rigs.

Current number of active rigs in US is 650, in the 2020 US had 850 active rigs before world and US economy were stopped pushing that number to 252… the main reason the number of active rigs is not back to pre-pandemic level (despite very high demand and high oil \ gas prices) is the position of current US Administration, AKA as “war on oil and gas”: stopping existing projects from being completed-artificially creating huge losses for all business involved, increasing permits\leases prices, and making them very difficult to obtain, penalizing financial institutions for lending to oil\gas business, creating false\ridiculous claims about global climate changes and its relation to oil\gas used in US as well as increasing penalties for “pollutions”, removing all incentives for research and development... and list goes on.

So, in essence US Oil and Gas is at about 75% of what they were in 2020 and with no ability for rapid increase- as per above, you can thank current US administration for that and for the price at the pump.

Amen. It's a shame that "half" of our country didn't see the pipe dream of a green society for what it was, but that's democracy I guess. Unfortunately, the whole world is now paying for it in multiple ways.

 

[1jzgte]

How do you patriots want to play this game? Drain everyone else's oil before we tap into our reserves or drain ours now and pay more up the ass when foreign oil producers KNOW our American oil is dried up?

Can't wait to give big oil the middle finger as less and less fuel dependent vehicles hit the market. Of course this won't happen in our time. The only people left to buy gas are 5th gen 4runner owners by 2050.