Here is average household spending on gasoline:
The figures through 2020 come from the Consumer Expenditure Survey. The extrapolation for 2021 is based on retail sales of gasoline, which increased 36% compared to 2020. The extrapolation for 2022 is based on the price of oil, which has increased 70% since the beginning of the year and will likely produce a rise in gasoline prices of about 40% or so.
Long story short, families still aren't spending as much on gasoline as they did during the big oil spikes of 2008 and 2012, but they're getting close and prices are still rising.
3/9 UPDATE: The price of oil plummeted the day after writing this. So maybe prices aren't still rising. Maybe.
Gasoline is for losers.
Carcinogenic. Destroys the planet. Expensive. Empowers Putin.
The only people who like gasoline are the people who want to kill their neighbors.
Ummm, no. Gasoline/internal combustion is actually pretty cool tech. Cheap. Dispatchable. Easily-extracted (read: lo-tech) energy. And of course, extremely energy dense. There's a reason the Otto cycle engine became the prime mover of choice in early C 20.
Damn closing tags.
Damn it feels good to be a tagster.
Coolness is beside the point.
The kinder, gentler Thanos of the movies is pretty cool, too, do we want him around the house?
OK, poor analogy. Let's say, the electric steak knife is pretty cool tech, too, but I don't actually own one.
The problem is not with the tech (I think steam power is way cool too), but in it's implementation. As usual.
Dammit all (my preferred alternative to Geritol)! That should be _economic_ implementation.
You need to adjust for inflation.
The OPEC April 11th 2020 restrictions comes off as well. Many members relish to replace Russian oil to Western Eurasia. Traders don't think things through well. Nothing to say about Europe 's deal with Iran, which due to PutinDrumpf, will be shitter compared to 2015 but provide a extra 1 million barrels a day to Europe.
My guess by May, there won't be one iota of shortages. Wonder if Putin will be alive?
I did see one new report that the price per gallon is the highest ever, but that did take into account inflation. Yes, only one....
Total mile driven keeps going up--except for covid lockdown...almost back to normal:
https://afdc.energy.gov/data/10315
https://www.thezebra.com/resources/driving/average-miles-driven-per-year/#how-covid-19-affected-driving-trends
But in 2019, mpg dropped....
https://www.cnet.com/roadshow/news/average-fuel-economy-2019-epa-report/
Price for gas/diesel is still extremely cheap in USA in an international comparison
https://www.globalpetrolprices.com/diesel_prices/
https://www.globalpetrolprices.com/gasoline_prices/
Price should be correlated to the damage that is caused by using it.
Americans are whining and whining about it but they are still buying the biggest gas-guzzling models one can find on the market.
The three most sold cars are pick up trucks almost as big as the tanks that won WW2 . These models must be extremely impractical as family cars.
It seems as if many (most?) American men are of the opinion that masculinity is dependent on big exhaust pipes.
EV’s are still extremely rare creatures on US roads and nothing much is happening on infrastructure no matter what Biden was promising before the election
Another comment from the only troll who is posting here
You’re no troll! I appreciate your observations. And I agree!
Agree entirely. I remember flying from Frankfurt, to Phoenix to Los Angeles. In Frankfurt, solar panels abound on top of commercial buildings. Phoenix and Los Angeles, one had to really look for buildings with solar panels.
Nope. You need a nostril detachment and a couple teeth pulled for this post. It's more macho and natural with no gasoline. Acceleration and speed. I mean, do you even think this before posting??
It seems as if many (most?) American men are of the opinion that masculinity is dependent on big exhaust pipes.
That, unfortunately, is entirely true...
Nope.
Yeah, it's the size of the tires and how high the chassis is jacked up above standard height.
I suppose those tanks would be the M4 Sherman, which had a mass of 30.3–38.1 tonnes (66,800–84,000 lbs) depending on model https://en.wikipedia.org/wiki/M4_Sherman and between 19 ft 2 in–20 ft 7 in (5.84–6.27 m) long and 8 ft 7 in (2.62 m) to 9 ft 10 in (3.00 m) wide depending on model; and the T-34 with a mass of 26.5 tonnes (~58,500 lbs), 6.68 m (21 ft 11 in) long and 3.00 m (9 ft 10 in) wide https://en.wikipedia.org/wiki/T-34.
If I recall correctly, the most popular vehicle in America is the F-150 pickup truck. currently 4,021 to 5,540 lbs depending on model: https://media.ford.com/content/dam/fordmedia/North%20America/US/product/2021/f150/pdfs/2021-F-150-Technical-Specs.pdf I'll let you cherry-pick the widths and heights from among the considerable range depending on the type of cab and length of bed selected... but the longest I found was the 8 foot bed "Supercab" at 250 inches or 6.35m, and the series is ~80 inches or 2m wide.
I have no particular fondness for pickup trucks outside of a rural/farming context, nor for SUVs in most of the contexts in which they are found today (to the point of having an SUV-disparaging license plate). I have less fondness for nonsense comparisons.
Grrrr, forget a single slash in markup and the rest of the comment is italicized when it isn't wanted... Kevin, please seriously consider enabling edit.
The F150 is more comparable in size to a Sherman than to my Nissan Leaf which is a fairly ordinary size family car, and a lot bigger than the more compact models that are sufficient for most purposes
More comparable doesn’t make it any less bogus.
Lame comment my friend
Place those three vehicles on the same picture and you will get it
Of course externalaties should be priced in. But that's not a problem intrinsic to fossil fuels; it's a problem intrinsic to capitalism.
During the 2008/2012 era people reacted by switching to more efficient cars and they'll probably do so again.
EV’s are extremely rare still extremely rare creatures on US roads? I thought you lived in Sweden? Here on the west coast EV’s are common and increasing all the time.
Your reaction is not that uncommon among Americans.. and I am always surprised over it .
You are basically saying “my neighbor has one and I saw several Tesla on the highway today” meaning “we are having lots of them and most certainly more than cheeky Swedes are”
Check facts before you post. You could at least check Wikipedia!
https://en.wikipedia.org/wiki/Electric_car_use_by_country
… I stand for my comment
Interesting link. California has a higher EV ownership per capita than Sweden, while both lag far behind Norway. I drive a Bolt EV, while three neighbors have Tesla's. EV's make up 6.5% of registered vehicles in Washington state, and 10.8% in California. Small by Norwegian standards, but hardly "extremely rare".
https://www.recurrentauto.com/research/washington-electric-vehicles
I'd have long since bought an EV were it not for the fact that I live in a condo.
condos can have chargers, right?
They *can* but most don't. Depends on the condo configuration, too. Your condo has a garage? No problem. It doesn't? How far away is parking? Like a lot of the rest of society, condo's will make the investment in installing charging stations when it becomes "necessary" - i.e., when enough owners demand it.
I wasn’t writing “on California roads “ …
I was writing about the west coast. And you were writing about me. Who was it who said "check facts before you post"?
I grew up in Hawaii from the mid-50s through 1969. Our gasoline prices were always 3-4 times those on the US mainland. As soon as we could get cars that got better MPG, there was a huge conversion to small, fuel efficient cars. We kept chasing higher efficiency cars and started doing the same to houses once we bought our first one on the mainland. We shifted to Prius when it came out, and bought our first EV 2 1/2 years ago (Nissan Leaf, 40 KwH model).
Nissan is now trying to clear the decks of the Leaf+ as the longer range Ariya is about to roll out. They learned the lesson from the rollout of the Leaf+ - which was pretty chaotic and left them frantically trying to get rid of the older Leafs. That got us a great bargain - least expensive car we'd bought in 2 decades! And that was before the federal tax rebates and state sales tax cut for EVs. We decided to upgrade - the extra range will be very useful for medium length trips south to Seattle and north to Vancouver, BC.
Gas went up almost 40 cents yesterday where I live. I’m hoping for $6.00 by April. Meanwhile, trumps friends in Saudi Arabia are going to squeeze supply to extract an apology from Biden. Don’t do it Joe!
And for gods sake, stop helping them in Yemen. Obama’s shameful miscarriage of justice. What was he thinking?
"…trumps friends in Saudi Arabia…"
Fascists have to stick together.
Nigh. Read above.
Nope.
Speculation is its own market failure. Price should be tied to ultimate supply, Not some loser in a booth. All those loser traders are doing is building up reserves of oil. Creating downward pressure on future pricing. Idiots confirming idiots.
Biden might want to dial back the "people should return to the office" statements.
As much as we all know "owners of libruls" who need the biggest gas guzzling truck they can own, this is still going to be a big burden on minimum wage workers. We'll see if that sparks a rebellion from part of Biden's base against the Ukraine sanctions.
How many of Biden's base of minimum wage workers actually has a car as opposed to being forced to use our neglected MT systems?
It's likely most minimum wage earners are either walking or riding bike to work, getting a ride from a parent, or taking mass transit.
My prediction is this oil price spike won't last long. Why? The West can refuse to buy Russian oil all it wants. But China can step into the breach, I think. Which would mean reduced demand from China for its other, usual sources. And Beijing very much doesn't want elevated oil prices any more than the US does, so it's got an incentive to act as Russia's buyer of last resort beyond simply helping its fellow dictatorship.
I see a lot of noodling on the net these days; speculations about how China has tricked Russia into throwing its head at the West.
Ancient Chinese Secret.
Which has since become a San Francisco treat.
They practiced on the Japanese. When Japanese investors started buying up a lot of property in the US, my father said that the Japanese would overpay and the Chinese would take the property off their hands for pennies on the dollar. And lo, it was so. Russia better read the fine print very carefully.
You should probably look into the trends in the rest of the commodities market now that RU is not going to be exporting. It's going to be a rough transition.
65% of their oil to east asia. Your a retard.
Titanium is going to be an issue. American aerospace companies have gotten all too comfortable depending on relatively cheap Russian titanium. Titanium is important because unlike aluminum it is compatible with carbon composites. Also used in place of steel in landing gear struts to reduce weight.
New lightweight material is stronger than steel,
https://news.mit.edu/2022/polymer-lightweight-material-2d-0202
Here is a similar graph - gasoline price index over total price index - going back to 1959:
https://fred.stlouisfed.org/graph/?g=MKxg
The important point about this is that oil/gas price was not the main cause of recessions in any of the major episodes when it went high. In the 70's and 80's it was the Fed which caused recessions by raising federal funds to astronomical levels. In 2008 the recession was caused by the collapse of the banking bubble. The rise to 2011 certainly did not cause a recession at all or apparently even slow down the recovery, although that recovery was slow by historical standards. The drop in oil price at the end of 2014 was probably a factor in a mini-recession which started then.
If the Fed does not go crazy as it did in the 70's and 80's the rise in oil/gasoline price is not likely to devastate the economy. Higher price should be beneficial in the long run to reduce dependence on fossil fuels.
A quick note to all those howling, angry SUV folks who are paying upwards of $100 for each of their too frequent fill-ups:
Aren't you the ones who keep saying "Freedom isn't free"? Now it's time to pay up. In cash this time, not your preferred currency, the blood of innocents.
For the win!