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The IEA estimates 3 million barrels a day of high-sulfur bunker fuel is used by the global shipping industry, which handles about 90 percent of the world’s trade.
Won't change my thinking at all. Diesel was $4.05 a gallon the day I bought the Touareg. My average for 49k miles is $3.09 a gallon most bought in California. Worth it to drive a luxury SUV.
https://www.forbes.com/sites/rrapier/2018/07/22/how-the-fracking-revolution-broke-opecs-hold-on-oil-prices/
It should be equally as obvious that increasing refining units/capacity will bring down gas/diesel jet fuel, etc., pricing.
So over a ten-year period, gasoline is relatively cheap. https://www.indexmundi.com/commodities/?commodity=gasoline&months=120
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
$2.19 for E85
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At some point, it might be instructive to post each state’s tax burden. Fed fuel tax burden’s seem to be standard across 50 states. Chart graphic https://www.taxadmin.org/assets/docs/Research/Rates/mf.pdf
TMI version https://www.api.org/~/media/Files/Statistics/StateMotorFuel-OnePagers-July-18.pdf
So in (your) the example (given $2.06 whsle) $.94 are fed/state fuel taxes, state sales taxes, transportation & that dirty scum word... profit.
So one does NOT get caught UP in the $ crisis du jour, we use app 500 gal ULSD per yr commute @ 36 mpg. (like model uses PUG @ 22 mpg)
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
For all the brouhaha about how “damaging” oil use is alleged to be, there’s very little headway in “making” people work from ‘home” etc.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
It’s not all bad as “packages” are let to leave voluntarily & preclude lawsuits.
Closer to the topic, I see a % greater of gasoline station closures, in addition to decades long gasoline station closures. It would also be interesting to see figures on shopping miles affected by internet shopping, like Amazon. https://www.bloomberg.com/view/articles/2018-08-19/oil-prices-are-down-nobody-told-the-gas-pumps
Per 2016 NHTSA statistics. https://www-fars.nhtsa.dot.gov/Main/index.aspx, the per year mileage traveled continues to set year over year records. Math indicates average miles per year is between 12,000 and 15,000 miles: per driver/car. Consumption advances, increasing, albeit steady, minus all the usual modifying factors.
Non COSTCO.
https://www.investopedia.com/investing/crude-oil-price-forecast-another-step-lower/
https://247wallst.com/special-report/2018/07/25/what-a-gallon-of-gas-cost-the-year-you-were-born/
...’Ironically, this meant that the ethanol that was meant to be a cleaner gasoline alternative would actually lead to higher emissions from evaporation, and hence to greater smog formation. “...
https://www.forbes.com/sites/rrapier/2018/08/21/understanding-the-debate-over-ethanol-and-smog/
Needless to say if the E15 becomes the law of the land, emissions counting the emmisions EPA waives will be higher.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Shell
3.89 RUG
4.09 PUG
4.09 ULSD
I don’t understand why the RUG/PUG spread is $0.20 here, and $0.60-$0.80 at home
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Not sure how we manage to post 38 mpg on 2014 MB GLK 250 BT (diesel, 576 miles, 15.1 gal) commute & holiday traffic.
$3.14 ULSD
$3.35 PUG
$2.95 RUG
The 2003 VW Jetta TDI STILL posts 48-52 mpg. I’m glad it’s not on CA spec diesel.
https://youtu.be/OFTcmORherM
I’ll keep mine ULSD.
E 85 vehicles (full size SUV’S) are documented to yield way less mpg than RUG/PUG E 10 vehicles.
$2.75 for RUG
$3.55 for PUG (!!!)
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RUG 3.65
Mid 3.78
PUG 3.88
Diesel 3.56
Cash on weekends gives a 15 cents/gallon discount (station doesn't charge extra for plastic).