Go Back   EcoModder Forum > Off-Topic > The Lounge
Register Now
 Register Now
 


Reply  Post New Thread
 
Submit Tools LinkBack Thread Tools
Old 03-09-2020, 09:17 AM   #1 (permalink)
Batman Junior
 
MetroMPG's Avatar
 
Join Date: Nov 2007
Location: 1000 Islands, Ontario, Canada
Posts: 22,244

Blackfly - '98 Geo Metro
Team Metro
Last 3: 70.09 mpg (US)

MPGiata - '90 Mazda Miata
90 day: 52.07 mpg (US)

Winter beater Metro - '00 Chevrolet Metro
90 day: 61.98 mpg (US)

Fancy Metro - '14 Mitsubishi Mirage top spec
90 day: 58.72 mpg (US)

Even Fancier Metro - '14 Mitsubishi Mirage top spec
90 day: 70.75 mpg (US)
Thanks: 3,796
Thanked 6,666 Times in 3,453 Posts
Oil prices crash 20-30% on collapse of OPEC/Non-OPEC deal, declining demand



Prices were already depressed by declining demand (including by expected effects of the coronavirus spread on transportation) and record production in some non-OPEC countries (hello, US shale oil!).

Last week Russia refused to join OPEC in trimming production to stabilize prices, so Saudi Arabia hit back by starting a price war: by discounting its exports and increasing production.

Quote:
Crude was on track for its biggest one-day drop since the 1991 Gulf war after the Saudi move, which threatens to swamp the oil market with supplies just as the coronavirus outbreak hits demand.
The price shock has spread to stock markets, hitting energy companies particularly hard:

Quote:
“It is the most crude price-bearish combination since the early 1930s..."
Full article: https://www.ft.com/content/804d6c82-...d-df28cc3c6a68

__________________
Honda mods: Ecomodding my $800 Honda Fit 5-speed beater
Mitsu mods: Oops, I did it again! Bought another cheap, 3-cylinder Mirage. Mods in progress...
Ecodriving test: Manual vs. automatic transmission MPG showdown



EcoModder
has launched a forum for the efficient new Mitsubishi Mirage
www.MetroMPG.com - fuel efficiency info for Geo Metro owners
www.ForkenSwift.com - electric car conversion on a beer budget
  Reply With Quote
Alt Today
Popular topics

Other popular topics in this forum...

   
Old 03-09-2020, 09:23 AM   #2 (permalink)
Batman Junior
 
MetroMPG's Avatar
 
Join Date: Nov 2007
Location: 1000 Islands, Ontario, Canada
Posts: 22,244

Blackfly - '98 Geo Metro
Team Metro
Last 3: 70.09 mpg (US)

MPGiata - '90 Mazda Miata
90 day: 52.07 mpg (US)

Winter beater Metro - '00 Chevrolet Metro
90 day: 61.98 mpg (US)

Fancy Metro - '14 Mitsubishi Mirage top spec
90 day: 58.72 mpg (US)

Even Fancier Metro - '14 Mitsubishi Mirage top spec
90 day: 70.75 mpg (US)
Thanks: 3,796
Thanked 6,666 Times in 3,453 Posts
Time to buy that cute little commuter you've had your eye on!


__________________
Honda mods: Ecomodding my $800 Honda Fit 5-speed beater
Mitsu mods: Oops, I did it again! Bought another cheap, 3-cylinder Mirage. Mods in progress...
Ecodriving test: Manual vs. automatic transmission MPG showdown



EcoModder
has launched a forum for the efficient new Mitsubishi Mirage
www.MetroMPG.com - fuel efficiency info for Geo Metro owners
www.ForkenSwift.com - electric car conversion on a beer budget
  Reply With Quote
The Following 3 Users Say Thank You to MetroMPG For This Useful Post:
Frank Lee (03-09-2020), Gasoline Fumes (03-09-2020), Xist (03-11-2020)
Old 03-09-2020, 10:39 AM   #3 (permalink)
EV convert
 
oil pan 4's Avatar
 
Join Date: Jul 2011
Location: NewMexico (USA)
Posts: 9,615

Sub - '84 Chevy Diesel Suburban C10
SUV
90 day: 19.5 mpg (US)

camaro - '85 Chevy Camaro Z28

Riot - '03 Kia Rio POS
Team Hyundai
90 day: 30.21 mpg (US)

Bug - '01 VW Beetle GLSturbo
90 day: 26.43 mpg (US)

Sub2500 - '86 GMC Suburban C2500
90 day: 11.95 mpg (US)

Snow flake - '11 Nissan Leaf SL
SUV
90 day: 141.63 mpg (US)
Thanks: 228
Thanked 3,138 Times in 2,457 Posts
Time to stock up.
I never filled up my 500 gallon propane tank or my stsinless tractor trailer fuel tank.
If EV prices drop enough I might be able to afford a 62kwh leaf battery.

Something like this kind of happened in the late 1990s. Asian markets imploded, but not from pandemic hysteria and the US economy soared high on the cheap oil.
__________________
1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
2011 leaf SL, white, portable 240v CHAdeMO, trailer hitch, new batt as of 2014.
  Reply With Quote
The Following User Says Thank You to oil pan 4 For This Useful Post:
Xist (03-11-2020)
Old 03-09-2020, 11:39 AM   #4 (permalink)
Human Environmentalist
 
redpoint5's Avatar
 
Join Date: Aug 2010
Location: Oregon
Posts: 9,420

Acura TSX - '06 Acura TSX
90 day: 28.24 mpg (US)

Lafawnda - '01 Honda CBR600 F4i
90 day: 47.32 mpg (US)

Big Yeller - '98 Dodge Ram 2500 base
90 day: 21.82 mpg (US)

Prius Plug-in - '12 Toyota Prius Plug-in
90 day: 57.64 mpg (US)

Mazda CX-5 - '17 Mazda CX-5 Touring
90 day: 27.35 mpg (US)
Thanks: 3,262
Thanked 3,585 Times in 2,678 Posts
Time to buy 500 gallons of diesel. Also a good time to look for deals on an EV. How long until retail pricing reflects this?
__________________
Gas and Electric Vehicle Cost of Ownership Calculator







Give me absolute safety, or give me death!
  Reply With Quote
Old 03-09-2020, 12:05 PM   #5 (permalink)
(:
 
Frank Lee's Avatar
 
Join Date: Jan 2008
Location: up north
Posts: 12,761

Blue - '93 Ford Tempo
Last 3: 27.29 mpg (US)

F150 - '94 Ford F150 XLT 4x4
90 day: 18.5 mpg (US)

Sport Coupe - '92 Ford Tempo GL
Last 3: 69.62 mpg (US)

ShWing! - '82 honda gold wing Interstate
90 day: 33.65 mpg (US)

Moon Unit - '98 Mercury Sable LX Wagon
90 day: 21.24 mpg (US)
Thanks: 1,585
Thanked 3,548 Times in 2,215 Posts
I don't have Autostarters on anything so I guess I'll have to go outside now and start everything... just in case I need to go somewhere, sometime. Ah hell, I don't NEED anything so I'll just cruise the main drag in the pickup for kicks. Let's see now, is the fun- like the pot of gold at the end of the rainbow- on this end of town, or that end? This end? That end? This end? That end? This end? That end? This end? That end? Gonna go forth and back until I find it!
__________________


  Reply With Quote
The Following 3 Users Say Thank You to Frank Lee For This Useful Post:
freebeard (03-09-2020), Gasoline Fumes (03-09-2020), MetroMPG (03-09-2020)
Old 03-09-2020, 12:21 PM   #6 (permalink)
In the fasting lane
 
RedDevil's Avatar
 
Join Date: Dec 2012
Location: Nieuwegein, the Netherlands
Posts: 3,964

Red Devil - '11 Honda Insight Elegance
Team Honda
90 day: 52.11 mpg (US)
Thanks: 1,688
Thanked 2,203 Times in 1,427 Posts
https://edition.cnn.com/2020/03/08/i...bia/index.html
Quote:
Oil crashes by most since 1991 ...
Say say two thousand two zero party over, oops, out of time
So tonight I'm gonna party like it's nineteen ninety-one
__________________
2011 Honda Insight + HID, LEDs, tiny PV panel, extra brake pad return springs, neutral wheel alignment, 44/42 PSI (air), PHEV light (inop), tightened wheel nut.
lifetime FE over 0.17 Gmeter or 0.1 Mmile.



Investors woes:
"In hindsight, I should have placed a bet on the horse that won the race"
"In hindsight, I should have bet more on that horse"
  Reply With Quote
Old 03-09-2020, 01:01 PM   #7 (permalink)
EcoModding Lurker
 
Join Date: Feb 2020
Location: North carolina
Posts: 33

Goldie - '11 Toyota Prius
90 day: 48.93 mpg (US)
Thanks: 4
Thanked 23 Times in 15 Posts
Gas stations near me were at 2.05 Friday morning, this morning they were 1.88 and 5 hours later at 1.79. Never witnessed it drop so fast before.
  Reply With Quote
Old 03-09-2020, 05:10 PM   #8 (permalink)
Batman Junior
 
MetroMPG's Avatar
 
Join Date: Nov 2007
Location: 1000 Islands, Ontario, Canada
Posts: 22,244

Blackfly - '98 Geo Metro
Team Metro
Last 3: 70.09 mpg (US)

MPGiata - '90 Mazda Miata
90 day: 52.07 mpg (US)

Winter beater Metro - '00 Chevrolet Metro
90 day: 61.98 mpg (US)

Fancy Metro - '14 Mitsubishi Mirage top spec
90 day: 58.72 mpg (US)

Even Fancier Metro - '14 Mitsubishi Mirage top spec
90 day: 70.75 mpg (US)
Thanks: 3,796
Thanked 6,666 Times in 3,453 Posts
This will be a good time to watch whether gas/petrol prices actually follow the pattern of "up like a rocket, down like a parachute."
__________________
Honda mods: Ecomodding my $800 Honda Fit 5-speed beater
Mitsu mods: Oops, I did it again! Bought another cheap, 3-cylinder Mirage. Mods in progress...
Ecodriving test: Manual vs. automatic transmission MPG showdown



EcoModder
has launched a forum for the efficient new Mitsubishi Mirage
www.MetroMPG.com - fuel efficiency info for Geo Metro owners
www.ForkenSwift.com - electric car conversion on a beer budget
  Reply With Quote
The Following User Says Thank You to MetroMPG For This Useful Post:
Xist (03-11-2020)
Old 03-09-2020, 11:27 PM   #9 (permalink)
Master EcoModder
 
Join Date: Jan 2008
Location: Sacramento, CA
Posts: 401
Thanks: 33
Thanked 139 Times in 103 Posts
Hope this doesn't hurt new EV sales too much. I think it's a communist(and Arab) plot.

Anyone remember the best price they've paid for gas in the last 30 years or so? Back in '86 there was a price war in the small town of Sandoval, IL. Both stations wanted to say they had the lowest price. I didn't buy at the lowest price. I had to pay 10 cents per gallon. I heard that the lowest price went down to zero. They were actually giving gas away so they could have the lowest price in town.

Damn, I found the story.

https://apnews.com/04ce151ab6c881dccdeae8dbb5243036

JJ
  Reply With Quote
The Following User Says Thank You to jjackstone For This Useful Post:
MetroMPG (03-10-2020)
Old 03-09-2020, 11:51 PM   #10 (permalink)
Human Environmentalist
 
redpoint5's Avatar
 
Join Date: Aug 2010
Location: Oregon
Posts: 9,420

Acura TSX - '06 Acura TSX
90 day: 28.24 mpg (US)

Lafawnda - '01 Honda CBR600 F4i
90 day: 47.32 mpg (US)

Big Yeller - '98 Dodge Ram 2500 base
90 day: 21.82 mpg (US)

Prius Plug-in - '12 Toyota Prius Plug-in
90 day: 57.64 mpg (US)

Mazda CX-5 - '17 Mazda CX-5 Touring
90 day: 27.35 mpg (US)
Thanks: 3,262
Thanked 3,585 Times in 2,678 Posts
Lowest sustained I can remember paying is $0.99 in Oregon. That probably means the Midwest was paying less. That was 1998 or 1999. I could fill the motorcycle, pay with a five, and get change. Fill the 1969 Beetle, pay with a ten, and get change. Fill the Dodge Ram van, pay with a twenty, and get change.

__________________
Gas and Electric Vehicle Cost of Ownership Calculator







Give me absolute safety, or give me death!
  Reply With Quote
Reply  Post New Thread


Thread Tools




Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.5.2
All content copyright EcoModder.com