still half as cheap as in EU
Europeans don't drive half as much as Americans.
And cars not as big.
Diesel prices in U.S. top $6 a gallon for first time
81–90 of 194 posts
Re: Diesel prices in U.S. top $6 a gallon for first time
#82Earlier quoted context omitted.
Lockheed would still agree that it's good for them - replacing all those $4 million Patriot rockets expended in the Middle East to shoot down Shahed drones that are one or two orders of magnitude cheaper is going to fill their order books for years to come...
Only for a short time, everybody knows about cheap drones and they are ordering cheap drones (likely from Ukraine where they are field tested to work) to shoot down drones. If the next round is in a few years patriots will only be used on much more expensive ballistic missiles. That said, the patriot is a lot cheaper replace than the things it was defending so it was a good investment even if expensive.
New (Russian) versions of Shaheds are jet propelled (much faster), have high-quality remote control, and as some claim, AI-based computer vision. So old interceptor drones are not working anymore. And the country can manufacture them at much higher rate than the other country can manufacture patriots.
Re: Diesel prices in U.S. top $6 a gallon for first time
#83Earlier quoted context omitted.
This would not be happening if the USA had not launched an attack on Iran This was the desired effect though, as higher oil prices means more profit for US based oil producers. I'm sure that will trickle down any time now.
>This was the desired effect though, as higher oil prices means more profit for US based oil producers. I'm sure that will trickle down any time now. That's giving the Trump administration too much credit. Before the war there were pieces about how oil companies were doing worse under Trump than under Biden[1]. Of course, you could argue that the Iran war is Trump finally responding to oil companies, but given that i…
It’s more like 2D chess, so within DJT’s comprehension.
Re: Diesel prices in U.S. top $6 a gallon for first time
#84Earlier quoted context omitted.
> This was the desired effect though Honestly, I think you're giving far too much credit to the current US government.
It’s a simple calculation though and not talked about enough. USA went to war in Iraq 25 years ago thanks to the oilmen in charge at that time. For all the political bluster about Iran and gas prices, $100 oil makes them hugely more profit than $60 oil. Of course producers and shareholders of American oil companies want that extra free money. They’re not pumping oil out of the ground and keeping it at a low price jus…
I think that is a contributor, but the root cause of the Iran war was Netanyahu goading a simple person into it. The US military and intelligence community knew the risk of this, told everyone not to do it, and they did it anyway.
(if one is some combination of unsophisticated, irrational, and vain, and in a position of power, they will eventually be exploited by someone more rational and sophisticated, imho)
Re: Diesel prices in U.S. top $6 a gallon for first time
#85The Ukraine angle is another cheap shot by CBS (state sponsored news). Prices are rising because of Trumps adventurism in the the ME and now that the Houthies will likely control the Bab el-Mandeb Strait, world markets are reacting. There is nothing stopping US refineries from producing more diesel, you can use both sweet and sour, this is speculators squeezing the markets. What a great time it should be to electrify…
Genuinely curious...the output drop in refining from Russia is not also a large factor in diesel (and other Petro) price hikes? Or are you saying the Ukraine drone strikes have not affected the output at a scale where it matters globally?
A lot of the Ukraine strikes affect Russia only. Russia has changed to import a lot more, and exporting less (I do not know the balance - most refining countries both import and export fuel from different locations), but the vast majority of the oil refined in Russia was used in Russia and they are unable to replace it.
Ukraine strikes to impact the world price. However most of the impact is in Russia, elsewhere the effect is less. Iran is larger effect because the middle east as a more significant share of global oil. (both have an effect, but Iran is larger)
Re: Diesel prices in U.S. top $6 a gallon for first time
#86Lately I've been making a conscious effort to flip my coordinate system around on inflation.
Instead of tracking cost increases of fuel, I try to conceptualize prices for all things in equivalent fuel or metered energy.
The fed can overlook energy and food in their "preferred metric of inflation", but that's 90% of what I care about as an individual. Very interesting to track your purchasing power in MWh
Re: Diesel prices in U.S. top $6 a gallon for first time
#87Its weird that american people never protest anything in big masses, or at least its very rare and almost never happens for core livelihood issues (wars, cost of living, corrupt politics...).
It's so different compared to Europe, and I was always wondering why. Is it better propaganda machine or?
Re: Diesel prices in U.S. top $6 a gallon for first time
#88A possibly useful list for comparison:
Re: Diesel prices in U.S. top $6 a gallon for first time
#89Americans get what they voted for. This is what the republican party stands for: throwing the common man under the bus to protect the Epstein class.
I want to know what happened to all the free trade republicans we used to know... If anyone knows where they went I want to join them.
The smart ones properly realized that their home is no longer in the republican party. The others were swept up in culture war because... What other adults do in their lives needs immediate government intervention from the party of small government.
Re: Diesel prices in U.S. top $6 a gallon for first time
#90If oil starts ruining the financial picture on top of just the...global welfare of every living human picture, then maybe, just maybe people will actually give up their addiction.
I'd be more than willing to go electric if someone sends me the cash to get an electric, because if I could replace my diesel-guzzling 11yo I would.
Just swap it for a more efficient smaller 11yo car?