Gas Prices Probably Going Up

Old Jalopy

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I don't see it not happening.

Trump to announce 25% tarrif on Russian gas. So we can expect gas prices to go up at least a $1 gallon.

I really don't understand why we don't just get our domestic pumps going and use our own oil.

Doesn't matter how anyone spins it, this isn't good for the average persons budget. Many people already couldn't afford a lot of things, so all these price hikes are making it extremely rough on people like me. Gas or medicine? This shit is pissing me off.

Not to mention the cost of a new car will go up about $7,000 making that a non option for many people. Parts costs have been out of control for 5 years and now it will get worse meaning people won't be able to afford repairs and maintenance on current vehicles either. $400 for a headlight us fkn insane.
 
Saltwater60

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Jmac00 said:
Trump only threatened to add tariff's on Russian oil, IF THEY DON'T AGREE TO THE CEASE FIRE.

Trump also just threatened Iran with bomb and missile attacks if they don't agree to a nuclear arms agreement

Things are going to get real sporty, soon
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Trump already laid down his cards and other countries have already called his bluff hence why we have initiated tariffs already and retaliatory ones have been done.
I don’t think Russia will agree to a cease fire unless they are barely holding on by a thread. They don’t seek their gas to us directly so the tariff will have little impact on them. They sell it to others then it comes to us but this will destabilize the oil market and financial markets.
 
Saltwater60

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Cavalry said:
Why would this have any effect on our gas prices? We have banned import of Russian oil since 2022.
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Oil is a global commodity and anything done to it will cause the prices to increase. Oil is a very sensitive market and simply the threat of this will cause oil prices to rise. This will cause prices to increase.
I agree we don’t buy Russian oil directly from Russia so if that’s still the case this threat means little to nothing to Russia. Russian oil comes to us through intermediaries so not sure how this would work with the tariffs. These relationships are kept secret so not sure how this will work.
 
Saltwater60

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Old Jalopy said:
I don't see it not happening.

Trump to announce 25% tarrif on Russian gas. So we can expect gas prices to go up at least a $1 gallon.

I really don't understand why we don't just get our domestic pumps going and use our own oil.

Doesn't matter how anyone spins it, this isn't good for the average persons budget. Many people already couldn't afford a lot of things, so all these price hikes are making it extremely rough on people like me. Gas or medicine? This shit is pissing me off.

Not to mention the cost of a new car will go up about $7,000 making that a non option for many people. Parts costs have been out of control for 5 years and now it will get worse meaning people won't be able to afford repairs and maintenance on current vehicles either. $400 for a headlight us fkn insane.
Click to expand...
Agreed. Oil and vehicle tariffs will hurt everyone in the USA. Not a good move. I’m buying a car this week and it’s only a 2-door not a 4-door because I’m afraid the tariffs will kick in soon and cost me a few grand more for the same car. It’s for my son and I don’t need another vehicle for him until June preferably or August when he goes to college but I’m buying one now as a result of this crap so either way it will cost me.
I know plenty think it will be better in the long run but I don’t think companies will change much anytime soon because it takes so long to build factories, training and hire, and reroute shipping/supply lines. They will wait to see what happens with the next administration IMO or if Trump backs off. In the meantime it will hurt us and cause inflation to rise at least for the short term. Long term we will see
 
prambo

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Cavalry said:
Why would this have any effect on our gas prices? We have banned import of Russian oil since 2022.
Click to expand...

So did much of Europe, although the Russian oil still manages to get there through a round about route, usually at higher prices.

Don't know if any Russian oil is reaching the fUSA...I wouldn't be surprised.

Definitely should be drilling, pumping and refining US sourced oil right now at the maximum level.

Both Regular Crude Oil and Brent Crude have been bouncing around the same levels for quite a while. If the oil market is going to buy into the tariffs, should they occur, the results should already be seen in the oil markets, as it was when people were freaking about tariffs effecting gold and silver. Yes, gold and silver are up, but it has little to do with tariffs.

Here are 5-year charts of Regular Crude and Brent as they stood within the last 10 minutes...crude hasn't been this low, ignoring minor froth, since 2021-22.

Screenshot 2025-03-31 104835.png


Screenshot 2025-03-31 104907.png
 
Vinson57

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Old Jalopy said:
I don't see it not happening.

Trump to announce 25% tarrif on Russian gas. So we can expect gas prices to go up at least a $1 gallon.

I really don't understand why we don't just get our domestic pumps going and use our own oil.

Doesn't matter how anyone spins it, this isn't good for the average persons budget. Many people already couldn't afford a lot of things, so all these price hikes are making it extremely rough on people like me. Gas or medicine? This shit is pissing me off.

Not to mention the cost of a new car will go up about $7,000 making that a non option for many people. Parts costs have been out of control for 5 years and now it will get worse meaning people won't be able to afford repairs and maintenance on current vehicles either. $400 for a headlight us fkn insane.
Click to expand...
They told you this on the local news while you waited for the weather. Ignore the bullshit in between the weather.
 
SonOfSun

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Saltwater60 said:
Agreed. Oil and vehicle tariffs will hurt everyone in the USA. Not a good move. I’m buying a car this week and it’s only a 2-door not a 4-door because I’m afraid the tariffs will kick in soon and cost me a few grand more for the same car. It’s for my son and I don’t need another vehicle for him until June preferably or August when he goes to college but I’m buying one now as a result of this crap so either way it will cost me.
I know plenty think it will be better in the long run but I don’t think companies will change much anytime soon because it takes so long to build factories, training and hire, and reroute shipping/supply lines. They will wait to see what happens with the next administration IMO or if Trump backs off. In the meantime it will hurt us and cause inflation to rise at least for the short term. Long term we will see
Click to expand...

Prices will not come back down even if tarrffs are gone. When was the last time you saw goods go down in price. Once people are used to paying that, it's the "new" price even if the underlying costs go down. This isn't a $3000-$7000 temporary price increase. It's a permanent one.

And people bitched about eggs going up by a couple of dollars for a dozen. Well, thousands and thousands of dollars more for a vehicle sort of puts that in perspective, yeah?
 
Saltwater60

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SonOfSun said:
Prices will not come back down even if tarrffs are gone. When was the last time you saw goods go down in price. Once people are used to paying that, it's the "new" price even if the underlying costs go down. This isn't a $3000-$7000 temporary price increase. It's a permanent one.

And people bitched about eggs going up by a couple of dollars for a dozen. Well, thousands and thousands of dollars more for a vehicle sort of puts that in perspective, yeah?
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Prices will normalize because not all cars will be impacted equally. I would suspect with how high car prices are now and how depressed sales are that auto manufacturers would use any advantage they could to sell cars. The most American made cars will hopefully be increased less and start to sell more. Of course we will see how the automakers handle this and they could get greedy and increase all prices equally. I wonder if the left will point out this price gouging or stay silent for political gain.
All I can say is Ford, GM and Dodge vehicles have become so overpriced because of their business practices I bought a BMW X1 instead of any of them. The BMW might be slightly smaller but the base price of traverse is $5,000 more and the difference between the X1 and the Chevy blazer is $1,400. The amount of standard equipment that you get on the X1 vs these two is amazing. What comes standard on the x1 is astronomical. I looked at comparative blazers and they were $5,000-$10,000 more. They are all there own worst enemies.
I’m looking at not even buying a new camper or waiting to buy one to see what a new truck will cost in 5 years. I’m not sure it will be worth me buying one and maybe I’d buy a small lake house or country property instead. I love camping but I’m not sure it will be worth me spending $80,000 on a truck and $35,000 on a camper when I could buy a car that’s much more fun for half the price. Time will tell and large SUV/Trucks are what all the automakers make money on. People are hurting so if they do this they may screw themselves.
As for oil prices rise and fall all the times assuming you were referring specifically to vehicle prices.
 
Steal2B

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I was panicked about ammo prices and new recurring shortages after Russian sources were banned with Biden. I survived.

I was not happy and worried about Vacuum Tube prices and availability after the Biden ban, again I survived.

Russian gasoline ban, not worrying anymore.

There is an endless chain of upcoming the sky is falling price predictions being spun by the media. Some may happen, most will not. Those that do will be survivable and the pain will be short lived.

Why keep worrying. I'm gonna die someday and everyone else sure as he'll is going to die too.

dont-worry-about-me-al-bundy.gif
 
Old Jalopy

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SonOfSun said:
Prices will not come back down even if tarrffs are gone. When was the last time you saw goods go down in price. Once people are used to paying that, it's the "new" price even if the underlying costs go down. This isn't a $3000-$7000 temporary price increase. It's a permanent one.

And people bitched about eggs going up by a couple of dollars for a dozen. Well, thousands and thousands of dollars more for a vehicle sort of puts that in perspective, yeah?
Click to expand...
^^^ This! This right here.




They said prices would come back down once covid was under control. Well, covid was under control 4 years ago and prices just keep going up because "Aw, I can afford it so, so can everyone else!" mentality. Sorry, but that mentality is pretty stupid. As I said, in these times the rich don't care and the not rich suffer. The middle finger on my right hand has permeant tendentious from using it so much over the past 5 years.
 
Beerman

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When the recession hits, just remember that we were NOT headed there before the current guy was sworn in. The stock market was humming, the economy was doing well.
 
Old Jalopy

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Vinson57 said:
They told you this on the local news while you waited for the weather. Ignore the bullshit in between the weather.
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I don't watch local news. I also don't take stock in any news unless there's factual proof to substantiate anything any news or wanna news outlet has to say. I saw a clip of Trump stating his intentions, no CGI, no AI, it was the man himself declaring this stuff.
 
Old Jalopy

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What I find hilarious is all the people buying into all this fake pro-gun propaganda, and the stuff that's actually happening right in front of us, actually happening, like prices continuing to go up on everything, no one believes. WFT is wrong with this world. :ROFL:
 
GOPerfect

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Old Jalopy said:
What I find hilarious is all the people buying into all this fake pro-gun propaganda, and the stuff that's actually happening right in front of us, actually happening, like prices continuing to go up on everything, no one believes. WFT is wrong with this world. :ROFL:
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Nah, lots of people are more than aware of the increases of everything....

Many just don't care, some want it to continue.
 
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Beerman said:
When the recession hits, just remember that we were NOT headed there before the current guy was sworn in. The stock market was humming, the economy was doing well.
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I don’t think that’s accurate- insurance was and is still egregious, gas was higher, mortgage rates spiked (bought a home under trump his first term under 3% and under Biden up to 6-7%, and that’s just a few things.
 
Grimscale

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Saltwater60 said:
I would suspect with how high car prices are now and how depressed sales are that auto manufacturers would use any advantage they could to sell cars.
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I don't know about Chevy or ford, but Jeep prices have already been crashing.
Far too many have been just sitting on the lots because people have decided they were too expensive. Now it is easy to find "deals" that subtract thousands from the prices.
 
SonOfSun

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Grimscale said:
I don't know about Chevy or ford, but Jeep prices have already been crashing.
Far too many have been just sitting on the lots because people have decided they were too expensive. Now it is easy to find "deals" that subtract thousands from the prices.
Click to expand...

Tomorrow is liberation day.. feel free to be liberated... from your money.
 
Old Jalopy

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GOPerfect said:
Nah, lots of people are more than aware of the increases of everything....

Many just don't care, some want it to continue.
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$10 a gallon for gas, $29.99 a pound for burger, $200 for a box of 50 .22LR bullets........... Yep. I can see the draw to a USA like that. :confused:

The one thing that hasn't increased much at all is alcohol. I bet if some of that fancy beer went up to $100 for a 24oz can of blueberrycoacoabutterscotch the tune might change.
 
Old Jalopy

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Depends on what road or town. Most are up about 23 cents to last week. Even the two paces that used to be 15-20 cents below every other place are now right up there. An hour south you might save a dime a gallon, an hour east you might pay a quarter more, depending on the time of day and what way the wind blows.
 
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