Rising Fuel Prices

[redpoint5]

Originally Posted by JSH

Anyone else notice that the national average for a gallon of gasoline has dropped for 3 weeks now?

Not really, as my company pays for the petrol and rarely visit the pump. I think I noticed under $5.50 for regular in Oregon recently.

I read that petrol prices should be dropping as interest rates increase. Also read that it was irresponsible for those rates to have been held that low for so long.

[serialk11r]

Gasoline price = oil price + refining price

We talked about refineries already, but oil price is responding to recession risk. Interest rates only matter as much as they can increase recession risk to the point where people literally cannot afford to buy oil.

I remain skeptical that oil demand can actually fall much.

[freebeard]

I just checked. Last fill was on 2022-06-19 at $5.599. I still have 3/4 tank -- so 2-6 weeks to refill.

That was after a road trip to my high school reunion that netted 45mpg.

To paraphrase Elon Musk, the best trip is no trip.

[JSH]

Originally Posted by redpoint5

Not really, as my company pays for the petrol and rarely visit the pump. I think I noticed under $5.50 for regular in Oregon recently.

I read that petrol prices should be dropping as interest rates increase. Also read that it was irresponsible for those rates to have been held that low for so long.

Regular was $5.15 at the Costco today and Premium is $5.45.

We drove 650 miles over the 4th to drive up and backpack the Ozette Triangle in Olympic National Park.

[redpoint5]

Originally Posted by freebeard

To paraphrase Elon Musk, the best trip is no trip.

Reunion not worth the petrol?

My 10 year was dumb because it was held at a dive bar. My 20 year didn't happen because China Virus.

I think somewhere around my generation reunions stopped being a thing, and my current theory is Facebook ruins things.

[freebeard]

Road trips are the exception. Think of it more as an aspiration.

My 60th. Multi-year, in the new high school gym. My brother married a local girl, but she couldn't be bothered to walk across the street.

my current theory is Facebook ruins things.

Sadly, I saw it all coming. Like lemmings when Rupert Murdock paid $580 million for Myspace.

No I don't know if they maintain a shadow profile on me (just in case); but I don't know that they don't either.

[freebeard]

I read the news today, Oh boy....

duckduckgo.com/?q=biden+strategic+oil+reserves+china&ia=news

Biden sends 5 million barrels of U.S. oil to Europe, Asia despite soaring gas prices
Washington Times|10 hours ago
The U.S. has allowed more than 5 million barrels of oil from the Strategic Petroleum Reserve to be exported to Europe and Asia, a move that contradicts President Biden's statements about trying to bring down the cost of soaring prices at the pump.

[redpoint5]

Originally Posted by freebeard

Sadly, I saw it all coming. Like lemmings when Rupert Murdock paid $580 million for Myspace.

No I don't know if they maintain a shadow profile on me (just in case); but I don't know that they don't either.

Myspace was far superior. Facebook sucked from the beginning and that never changed. I was on when you had to have the same domain .edu address as others you wanted to be "friends" with. Super dumb. You couldn't customize your page, because it wasn't "Yourspace", it was "Facepalm". Somehow the dumber UI and many limitations proved more attractive to the masses.

[freebeard]

Usenet was superior. A place for everything and everything in it's place.

News aggregators > social media.

Bestest moderation IMHO is on Slashdot.

https://slashdot.org › moderation.shtml
Slashdot Moderation
Slashdot Moderation last updated 9.9.99 by CmdrTaco This document will attempt to explain the moderation system that lies underneath Slashdot's vast comment section. It will try to explain some of the history of the system, as well as how it works (or doesn't work) from both the perspective of the user, and the moderator. It is always in flux. Why

https://slashdot.org › story › 99 › 09 › 07 › 155233 › slashdots-meta-moderation
Slashdot's Meta Moderation - Slashdot
Slashdot's Meta Moderation 284 Posted by CmdrTaco on Tuesday September 07, 1999 @02:31PM from the making-the-net-a-better-place dept. So its ready for testing on The Meta Moderation Page. Essentially eligible users are presented with 10 comments the moderation done to them. They are then asked to rate the moderation as Fair, or Unfair.

https://slashdot.org/faq#karma1

Karma, Thresholds, Abuse, etc.
What are thresholds?
Your "threshold" is the minimum score of the comments displayed to you. Comments are scored from -1 to 5, and you can set your threshold to any score within that range. If you set your threshold to 2, only comments rated 2 or above would be displayed. Setting your threshold at -1 will display all comments. 0 is almost all comments. Higher threshold settings reduce the number of comments you see, but (in theory, anyway) increase the quality of the posts you see.

How do I change thresholds?
A widget attached to each story's comments contains two sliders; these allow you to control the score threshold at which comments are displayed. You can drag and drop them and adjust your preferences to find the balance of score and comment text you want.

Anything like this on social media? I wouldn't know.

[JSH]

Originally Posted by freebeard

I read the news today, Oh boy....

There is no contradiction there. Oil is a global commodity and is sold to the highest bidder. The more oil sloshing around the world the lower the price.

If the USA wanted to decouple from the global market Congress would have to reinstate a ban on exporting oil. Since we are a net exporter with time we would have a glut of oil in the USA. Of course that would drive some US oil producers out of business and make the rest quite unhappy.