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Old 04-20-2020, 04:19 PM   #1
Lawrie
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Default oil price.

I see the oil price went below zero today.
I might take the 33 over to the servo and see how much they will pay to fill it up.
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Old 04-20-2020, 04:21 PM   #2
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Default Re: oil price.

Oil prices Lawrie, not gas! LOL
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Old 04-20-2020, 04:32 PM   #3
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Default Re: oil price.

"Oil prices Lawrie, not gas! LOL" JSeery

( ... amazing.)
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Old 04-20-2020, 04:37 PM   #4
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Default Re: oil price.

I hope the oil producers didn't have too many outstanding high priced loans to kick their butt.

I figured with the US Fed tax at 18.4 cents per gallon and the Texas state tax at 20 cents per gallon that the price of gas would be 70.9 cents per gallon to get down close to the price I paid per gallon when I was kid. It averaged around 31.9 cents per gallon back then unless there was a gas war going on. I don't know what the tax was back then so I can't calculate for that but there couldn't have been much. My wife bought some yesterday for $1.109 per gallon so it's not far off.
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Old 04-20-2020, 04:45 PM   #5
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Default Re: oil price.

Lawrie, any idea what the taxes are in Australia? I have no idea on our state fuel taxes, but the pump price today was $1.13 for 89 octane.
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Old 04-20-2020, 05:14 PM   #6
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Default Re: oil price.

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$1.63 here today, lowest i can remember in a L-O-N-G time.

When i started driving it was .59....
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Old 04-20-2020, 05:15 PM   #7
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Default Re: oil price.

Lawrie, are you talking liters or gallons? We sell gas by the liter in Canada, and it is currently $0.89 a liter. Convert (roughly) to US gallons, it translated to $3.57 per gallon in Canadian dollars.
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Old 04-20-2020, 05:18 PM   #8
Lawrie
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Default Re: oil price.

In town the other day it was $1.05 per litre, thats about 3.50 per US gal.
I will get a better idea this morning.we are out to the butchers and will fill the 33 up then.
Our Gov takes about 60% of the cost in taxes of one sort or another.
I think by comparison its still cheaper than when I was an apprentice at GM.wages were 33 cents /hr, fuel was 33 cents IMP gal, so it took one hr work for a gal of fuel.
Kid across the street started a heavy equipment fitter apprenticeship at $16 per hr.
so way better off.
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Old 04-20-2020, 05:30 PM   #9
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Default Re: oil price.

And with the increase in mileage on new vehicles, fuel is actually much cheaper when you look at salaries and mileage. In my high school days my mileage was in the 10 to 15 mpg range, and that was on a good week! A heavy foot didn't help much. On the 30 and 40s cars the prices should be a good comparison.
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Old 04-20-2020, 05:32 PM   #10
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Default Re: oil price.

51 Woodie, post 7, in Alberta regular gas is well under 60 cents per liter today.
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Old 04-20-2020, 05:32 PM   #11
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Default Re: oil price.

In Ohio (my town) it is $1.02. My grocery market offers fuel perks per dollar spent at the store. I was set up for $1.00 per gallon. So....I paid 2 cents a gallon !! I filled the car and 3 gas containers. Wish I had a large tank on a trailer or something. In an interview on the news today a politician said one thing we can be absolutely sure..the price of oil will go up.
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Old 04-20-2020, 05:34 PM   #12
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Default Re: oil price.

When I was a teenager riding a 175cc Honda, I used to gas up at night, as the price was a lot lower than during the day. Assuming the statute of limitations are in play, I should be okay to explain. In those days, the stations turned the power off to the pumps, closed up, and went home. The old style nozzles would still activate when you squeezed the lever, so I would make a circuit of a few pumps, lift the hose up, squeeze, and drain the remnant gas in the hose into the tank. This worked pretty good until my father was coming home late from shift, saw me, stopped, and asked what I was doing? I said "Nuthin!" That was the day I found out may father was still smarter and stronger than me. Always paid for my gas after that
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Old 04-20-2020, 05:55 PM   #13
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Default Re: oil price.

Quote:
Originally Posted by rotorwrench View Post
I hope the oil producers didn't have too many outstanding high priced loans to kick their butt.

I figured with the US Fed tax at 18.4 cents per gallon and the Texas state tax at 20 cents per gallon that the price of gas would be 70.9 cents per gallon to get down close to the price I paid per gallon when I was kid. It averaged around 31.9 cents per gallon back then unless there was a gas war going on. I don't know what the tax was back then so I can't calculate for that but there couldn't have been much. My wife bought some yesterday for $1.109 per gallon so it's not far off.
I remember the tax at $0.13 around 1950 G.M.
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Old 04-20-2020, 09:19 PM   #14
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Default Re: oil price.

As of today the cheapest around here Perth [Western Australia - most isolated city in the world] 83.7 c / liter . Its the cheapest its ever been ...and we cant go anywhere!!
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Old 04-20-2020, 10:08 PM   #15
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Default Re: oil price.

I went from working in a gas station in 1956 in Wisconsin to the Army.
I got out in 1959 and went work in a gas station in St. Paul Minnesota in 1960 and the price was still 29.9 ($.29.9).
In ‘53 during gas price war I saw gas at 11 cents for the last part of a day.
By the way, do you know why there is always a .9 cents on the end of the price of gas in the U.S.? ..?.. it is a temporary tax to help the WW two effort.
There is NOTHING more permanent than a temporary tax.
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Old 04-21-2020, 01:42 AM   #16
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Default Re: oil price.

99 cents a litre this arfo here.
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Old 04-21-2020, 08:34 AM   #17
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Default Re: oil price.

97.9 here in Oshkosh and I get .10 off per gallon on my credit card.
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Old 04-21-2020, 12:19 PM   #18
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Default Re: oil price.

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Originally Posted by flatjack9 View Post
97.9 here in Oshkosh and I get .10 off per gallon on my credit card.

What's amazing is the fact that we have more refineries per square mile located here on the Houston Ship Channel and across the Gulf coast to New Orleans than in any other area of the country that I can see. Yet, while we certainly have never been able to complain much about gasoline prices, it just baffles me, with SOOooo much supply right here in our back yard, why you guys can get gas for 98 cents/gallon when ours in the Houston area averaged $1.60 yesterday afternoon. DD
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Old 04-21-2020, 12:23 PM   #19
JSeery
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Default Re: oil price.

V8 there may be a lot of reasons, one is the state and local taxes added onto the fuel price. Another is different blends. Each state and even regions within a state, require different fuel blends.
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Old 04-21-2020, 12:40 PM   #20
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Default Re: oil price.

.99 to $1.09 (US dollars) per gallon around here.
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