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U.S. to Dominate Oil Markets After Biggest Boom in World History
Bloomberg via gCaptain ^ | Nov. 14, 2017 | Grant Smith

Posted on 11/15/2017 12:20:50 PM PST by Oatka

Edited on 11/15/2017 12:36:42 PM PST by Jim Robinson. [history]

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To: TexasFreeper2009

If your recollection is correct, then the data at the link is not inflation adjusted.


41 posted on 11/15/2017 5:42:56 PM PST by Paul R. (I don't want to be energy free, we want to be energy dominant in terms of the world. -D. Trump)
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To: TexasFreeper2009

It’s probably $1 a gallon now when you take out all the taxes.


42 posted on 11/15/2017 5:44:29 PM PST by SamAdams76
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To: Oatka

BOOM!


43 posted on 11/15/2017 6:05:00 PM PST by Paladin2 (No spelchk nor wrong word auto substition on mobile dev. Please be intelligent and deal with it....)
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To: SuperLuminal
Even among the poor, gasoline was not an economic burden equal to the burden of $2.50 today!

That may be true, but not for the reason you state.

First, taxes have to be accounted for.

Second, how many miles per year did the average U.S. citizen drive in, say, 1930 - 1949, vs. 2000 - 2007?

OTOH, most vehicles are more efficient, now.

Per user-mile, and with taxes taken out, gasoline & diesel powered vehicles are, from the standpoint of fuel cost, a fairly good deal, at present.

This can also be seen by the shift to more trucking on the highways. I happened to be stuck in a major traffic tie-up on a rural Interstate, very recently. (A big tank truck burned, several miles in front of me.) With not a lot better to do, for almost 3 hours, I spent about 2 hours counting semi's and other large vehicles (like busses) vs. "passenger" and light duty vehicles. Almost 60% were in the "semi's" group. The truckers are close enough in cost that the other disadvantages of even "trailer trains" work against the most-of-the-route-by-rail options in many situations.

We also saw a period where a big local power plant was being supplied by coal for a while, by truck, despite it having it's own river and rail terminal on site. I was thoroughly amazed - and I bet the county road commission was swearing in its' members' sleep. The extra heavy-load traffic beat the heck out of a couple of our local 2-lane roads.

44 posted on 11/15/2017 6:10:25 PM PST by Paul R. (I don't want to be energy free, we want to be energy dominant in terms of the world. -D. Trump)
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To: Paul R.
"First, taxes have to be accounted for.

Second, how many miles per year did the average U.S. citizen drive in, say, 1930 - 1949, vs. 2000 - 2007?"

Hmmm...Excellent food for thought...{:-)

45 posted on 11/15/2017 8:26:50 PM PST by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: Oatka
U.S. to Dominate Oil Markets After Biggest Boom in World History

Now we have an abundance of oil worldwide.

It means that the economy is not doing that great all over the world in other countries with this over supply of oil.

It should bring gasoline prices down.

46 posted on 11/15/2017 9:03:45 PM PST by TheConservativeTejano
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To: SuperLuminal
I would dispute the accuracy of their inflation adjustment for the 30's and 40's. In the 40's I was purchasing gas for 17-to-19 cents-per-gallon at a Jenny station. (Although had to crank the handle to pump it.)

You are paying less now in comparative commodities. I track gasoline costs based on War Nickels. Three war nickels (15¢) are equal to $2.87 value today.

It is a very useful tool. Gasoline is actually cheaper today when you take out state and federal takings.
47 posted on 11/15/2017 9:33:08 PM PST by PA Engineer (Liberate America from the Occupation Media and Shariah Socialism.)
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To: Teacher317

Interesting anyone knows about it here................


48 posted on 11/15/2017 10:55:48 PM PST by Osage Orange (Watch your six.)
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To: TexasFreeper2009

message me when it’s back to a $1 a gallon like it was during W’s term, since we are in the biggest boom in world history.............................. Yeah, right, message me when its 22.9 cents a gallon that I put in my dad’s 53 Dodge.


49 posted on 11/16/2017 9:21:14 AM PST by Bringbackthedraft (Damn, the tag line disappeared again? Coursors!)
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To: Paul R.

that data was the “average” across Texas. Anyone familiar with Texas gas prices knows the price can vary as much as 20 cents between the large cities and small towns (small towns usually being MUCH cheaper)


50 posted on 11/16/2017 11:29:49 AM PST by TexasFreeper2009
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To: TexasFreeper2009

The same is true today, no? It certainly is around here. The overall slope of the graph is what matters, and I would submit that outside of a few local oddities, it IS basically correct in most locations. I also think your memory is correct and the graph is not inflation corrected: Take out increases due to taxes and inflation, and gasoline has actually become a little cheaper over the long run. Then add the increased efficiency of modern vehicles*, and per mile per user, travel’s fuel cost has become cheaper yet.

I’d also point out that you are somewhat cherry picking the data — 2002 was somewhat anomalous, for example.

*There are always exceptions: My old ‘84 1.3 CRX could beat almost any of today’s production internal combustion engine vehicles’ gas mileage. But it could not be built today as it was then, due to safety regs.

I sure would like to see a graphic of miles driven per citizen, on average, over the past 50 years or so...


51 posted on 11/16/2017 6:15:08 PM PST by Paul R. (I don't want to be energy free, we want to be energy dominant in terms of the world. -D. Trump)
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To: Teacher317; Osage Orange

You could both start threads with sources about this because “they” do pay attention to what we yak about. One thing all voters (except great urbanites) have to do is buy gas. Hmmm. Suburbanites and those in rural areas are being targeted with taxes?


52 posted on 11/17/2017 7:50:07 AM PST by huldah1776 ( Vote Pro-life! Allow God to bless America before He avenges the death of the innocent.)
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