A good time to own an EV - Gas Prices about to go nuts [LOCKED DUE TO POLITICS]

[Cycliste]

Hunting season for drone isn’t open yet

https://wildlife.ca.gov/Hunting

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[Zoidz]

Twenty years? More like 50, with Vietnam establishing that the US just doesn't seem to deal with small-scale guerrilla warfare well anymore.

But there's a big beautiful solution for that - the biggest battleship EVER with laser beams will surely scare those pesky guerillas away, right?

 

[UnsungZero_OldTimeAdMan]

But there's a big beautiful solution for that - the biggest battleship EVER with laser beams will surely scare those pesky guerillas away, right?

I'm amazed he hasn't recommissioned USS New Jersey, which has been a museum since 1991, and renamed it after himself. It has yuge guns.

 

[Zoidz]

Diesel in my area is over $5.00 a gallon - $1.40 a gallon more than regular. Even during COVID, the spread maxed out at around $1.00 as I recall.

When we bought my wife's X3 Diesel, the spread was about 50 cents so the diesel was cheaper to operate. Not any more!

 

[UnsungZero_OldTimeAdMan]

Diesel in my area is over $5.00 a gallon - $1.40 a gallon more than regular. Even during COVID, the spread maxed out at around $1.00 as I recall.

When we bought my wife's X3 Diesel, the spread was about 50 cents so the diesel was cheaper to operate. Not any more!

When I bought my '13 X5d used with under 27k miles on the clock in late '16, diesel was cheaper than premium in SoCal. Then the CA fuel tax kicked in a couple years later. When Russians invaded Ukraine, I remember paying more than $120 to fill up (22.5 gallon tank, but the cost was for about 16 gallons).

 

[VandalSibs]

Diesel in my area is over $5.00 a gallon - $1.40 a gallon more than regular. Even during COVID, the spread maxed out at around $1.00 as I recall.

When we bought my wife's X3 Diesel, the spread was about 50 cents so the diesel was cheaper to operate. Not any more!

Not that I've had to by any form of vehicle fuel in years now, but I do keep an eye on the prices in my area.... $4.49/gal for regular, $5.99 for diesel. Those were yesterday's prices in my neighborhood.

I really, really don't miss buying gas.

 

[stormbreaker]

You make some good points but just because some people say AI will be a threat doesn’t make it so. I lived through the millennium bug scare when money was wasted to fix an issue that didn’t happen. Many cases of scares about new technology and each time (like the advent of the internet) prosperity has increased not decreased. Will AI be different- we will see but it’s a judgement informed by your own perspective to say this is the worse situation we have been in for 50+ years.

What the actual F, Y2K was a real as a heart attack. My company spent millions on remediation. I was responsible for a host of applications. Worked my *ss off. Cool? Thanks.

 

[Sgt Beavis]

As much petroleum infrastructure is being destroyed, it's going to be a long time before prices normalize. At this point, I think Rivian should try to push as much production capacity into building the R2 as they possibly can. Shrink R1 production to a trickle if they need to. I hate this war. It's absolutely stupid, but Rivian should try to take as much advantage of these high fuel prices as possible.

 

[UnsungZero_OldTimeAdMan]

As much petroleum infrastructure is being destroyed, it's going to be a long time before prices normalize. At this point, I think Rivian should try to push as much production capacity into building the R2 as they possibly can. Shrink R1 production to a trickle if they need to. I hate this war. It's absolutely stupid, but Rivian should try to take as much advantage of these high fuel prices as possible.

They could. But, what oil production has been destroyed? US imports only 4% from Saudi Arabia. None from Iran. Prices are up at the pump only because global market has been disrupted, substantively and emotionally. Cost of batteries and other components Rivian and its suppliers import are affected by shipping costs (and tariffs). For them to increase production, they have to place more orders and deal with lead time for those orders. It's not as simple as just saying "build more!"

Once they open order books in June, they'll have better idea on where they stand with regards to demand. Then, they'll have better idea on how to deal with additional supply.

 

[Sgt Beavis]

They could. But, what oil production has been destroyed? US imports only 4% from Saudi Arabia. None from Iran. Prices are up at the pump only because global market has been disrupted, substantively and emotionally. Cost of batteries and other components Rivian and its suppliers import are affected by shipping costs (and tariffs). For them to increase production, they have to place more orders and deal with lead time for those orders. It's not as simple as just saying "build more!"

It doesn't matter how much the US imports. The disruption is impacting pricing period. If China, India, Japan, etc. have to pay more, the USA will be paying more as well. That's why prices of WEST TEXAS intermediate is selling for $99.31 at the time I'm writing this.

 

[Time2Roll]

When refined products are included the US is a net exporter.
Could go back to the no export rule that was in place from 1975 to 2015.

 

[skyguyscott]

Came across this lengthy but insightful analysis of the situation.


My takeaways:
This "engagement" is a continuation of the bombing from last year. Iran probably moved it's enriched U days beforehand, now we don't know where it is, hence the escalation.

Bottom line, given the actors involved, this is likely to stretch on far longer than most people realize or those in power will admit. Iran will likely continue to pose enough of a threat to impact global oil prices, Inflation will rise, due to gas prices.

And so Rivian benefits from a different kind of government incentive.

 

[Sgt Beavis]

When refined products are included the US is a net exporter.
Could go back to the no export rule that was in place from 1975 to 2015.

With this administration in full panic mode, yea I could see that.
Just think of how screwed we’d be if that Keystone pipeline had been completed. The whole point of that was to bring Canadian oil down to Cushing, OK so they could put it on the world market. If that had been completed, it would have been sold as WTI ($99.31). But instead its still sold as Western Canadian Select (WCS) which is currently at $83.38. Maybe the administration would be better served to bury the hatchet with our Canadian brethren.

https://oilprice.com/oil-price-charts/
Note: The prices on this chart have some delays…

 

[PVguy]

With this administration in full panic mode, yea I could see that.
Just think of how screwed we’d be if that Keystone pipeline had been completed. The whole point of that was to bring Canadian oil down to Cushing, OK so they could put it on the world market. If that had been completed, it would have been sold as WTI ($99.31). But instead its still sold as Western Canadian Select (WCS) which is currently at $83.38. Maybe the administration would be better served to bury the hatchet with our Canadian brethren.

https://oilprice.com/oil-price-charts/
Note: The prices on this chart have some delays…

For what I consider an excellent discussion of oil and energy related matters, I would recommend “MrGlobal” on the YouTube. He does other medias also. Oil guy from Oklahoma. Very knowledgeable, insightful and fair.

 

[PVguy]

When refined products are included the US is a net exporter.
Could go back to the no export rule that was in place from 1975 to 2015.

MrGlobal:

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