Fuel prices hitting an eight year high

[tyz]

Well, they sure want us to abandon fossil fuels and this all seems to me, an orchestrated move. Fuel prices are doomed to go over the counter as this will be a way to force people to move from fossil fuels onto electric energy-powered vehicles. The problem is that electric energy-powered is not the future. The future of mobility is Hydro.

Oil is a non-renewable fuel, while the need is increasing every year, along with the increase in the human population. Therefore, alternative energy that is environmentally friendly has been developed, including electricity, but it cannot be switched immediately, of course it requires a process, it is possible that the fuel will be completely replaced later.

But that is not a solution for all countries either. Unfortunately. I can give you a good example from Germany, which already decided in 2011 to phase out nuclear and coal energy and is now having great problems with the implementation. Among other things, billions have been invested in wind power plants in recent years. In the first half of 2021, however, the wind power could produce less energy (because of the weather) than the last years and than planned. Therefore, the missing electricity had to be compensated with gas-fired power plants. This led to the fact that shortly before winter the gas reserves are significantly lower than usual, and the energy companies have to buy gas at very expensive prices, which makes the prices explode at the moment.

[DrBeer]

One catastrophe is enough for me - the Chernobyl disaster. I would like to wish you with all my heart that you and your family never crossed paths with this evil ...

I did, so keep your sympathy to yourself, some parts of Eastern Europe were more affected than the east of Ukraine.

To be honest, I did not understand at all what does the east of Ukraine have to do with it The radioactive slick covered the northern part of Ukraine, then went to Belarus and further to Europe. The east of Ukraine did not suffer from the consequences of this accident!

One such accident is enough for many tens of years, many millions of people to suffer.

Let's add the sufferance of those who can't afford to heat their home and live like in the dark ages to this?
Let's add the sufferance of those who are unemployed because the factory where they worked had to shut down?
Let's add the sufferance of those who will not be able to afford food with these prices?
Let's count those deaths too, shouldn't we?
https://www.theguardian.com/commentisfree/2020/feb/27/dying-cold-europe-fuel-poverty-energy-spending

Luckily for us even treehuggers seem to have 1% of their brain functional:
https://www.dw.com/en/germany-slashes-renewable-energy-tax-due-to-soaring-prices/a-59517333

Germany's electric grid operators on Friday announced a reduction of the renewable energy tax by over 40% to ease the burden on consumers coping with soaring energy prices that are affecting Europe this year.

Let's cut the subsidies and the billions spent on these garbage soylent green revolution and let's focus on solving real problems.
Imagine that, just the renewable tax on electricity is twice as much as the price of electricity in some countries!

The rest is all very touching ... In winter, if you look at the statistics, that with cheap fuel, that with expensive fuel, there is always more mortality. Yes, and guess what? Do not believe it - from hypothermia. Amazing fact!
I am sure that a massive decrease in consumption, with a decrease in temperature in houses and apartments to 20 degrees, will avoid problems and increased fuel consumption.

If you are so humane - yes to hell with that, let's feed everyone? Well, really - why do you need more than 1 pair of sneakers in your life? 2-3 T-shirts are also enough - just wash them carefully, in cold water of course, environmentally friendly - with sand or ash But the money earned - send the money to the hungry people around the world to buy food, well, so that they also buy clothes for them, also at your expense ?
Or is such humanity not interesting? Or have I changed the emphasis incorrectly?
I will return to the Chernobyl tragedy - you can feed the hungry, warm the freezing, and hundreds of thousands in Ukraine alone who are sick and dying from oncology, as the consequences of this catastrophe, you will not be able to fix it. This is a sentence. Sick from children to old people. No options. No way out. Without the slightest chance ...

[lixer]

It's crazy to see that near the start of Covid the oil price actually went negative for a little while - there was so much output backed up with no one using it and all storage capacity gone, that it oil producers were essentially paying you (or people with spare capacity) to take delivery. Now over a year later we are back at record highs. Anyone with sense last year should have been buying oil company shares because they were heavily depressed due to this situation and have since rebounded substantially. For the average consumer though, like so many things right now, the supply chains have been screwed up substantially and it might take many years to return to the normal we had before.

It is mind blowing that something could be as volatile as that. We are talking about negative to highest ever in 8 years. I do trading in crypto and I do not think that I have seen something as volatile as oil and that says something. If a person from crypto world tell you that you are way volatile then there is a good chance that you are doing something wrong, it is obvious that there is a good chance you are not going to be making too much sense in the long term.

I get that oil is something we started to use a whole lot all of a sudden which caused the spike, there were nobody using it neither on cars nor on airplanes or anything else really and now they are using it all at the same time which increased the usage but I still do not think that it should be worth this much at this point.

[Sithara007]

~~~~
I will return to the Chernobyl tragedy - you can feed the hungry, warm the freezing, and hundreds of thousands in Ukraine alone who are sick and dying from oncology, as the consequences of this catastrophe, you will not be able to fix it. This is a sentence. Sick from children to old people. No options. No way out. Without the slightest chance ...
~~~~

I would rather side with stompix here. The Chernobyl tragedy happened because of the mismanagement from the Soviet authorities. The only noticeable nuclear accident that has occurred in the last three decades is Fukushima Daiichi nuclear disaster in Japan. Even in this case, according to the government study, so far just one death has occurred from radiation exposure. Now compare this to the millions who die every year from atmospheric pollution, that has been attributed to the thermal power plants.

[DrBeer]

~~~~
I will return to the Chernobyl tragedy - you can feed the hungry, warm the freezing, and hundreds of thousands in Ukraine alone who are sick and dying from oncology, as the consequences of this catastrophe, you will not be able to fix it. This is a sentence. Sick from children to old people. No options. No way out. Without the slightest chance ...
~~~~

I would rather side with stompix here. The Chernobyl tragedy happened because of the mismanagement from the Soviet authorities. The only noticeable nuclear accident that has occurred in the last three decades is Fukushima Daiichi nuclear disaster in Japan. Even in this case, according to the government study, so far just one death has occurred from radiation exposure. Now compare this to the millions who die every year from atmospheric pollution, that has been attributed to the thermal power plants.

I agree that people also die from pollution. And he dies a lot, and regularly. But this does not mean nuclear energy, because of this it has become safe. About Japan and the Fukushima tragedy. Perhaps 1 person DIED. But perhaps you have no idea how insidious nuclear energy is. You can not die today or tomorrow, but in 10 years, when a person will be in the very dawn of strength, and suddenly CANCER. And even if you move to another region / country where everything is environmentally friendly. Either his children will be identified, or his father, being a grandfather, will be forced to nurse the grandchildren of freaks ...
It's foolish to choose the best of two deaths, really ...
It seems to me that it is worth investing money not in the struggle of one type of killing people over another, but in really alternative, safer solutions.

[stompix]

To be honest, I did not understand at all what does the east of Ukraine have to do with it The radioactive slick covered the northern part of Ukraine, then went to Belarus and further to Europe. The east of Ukraine did not suffer from the consequences of this accident!

Exactly my point, your prayers of not witnessing such an event for myself are about 40 years too late

I will return to the Chernobyl tragedy - you can feed the hungry, warm the freezing, and hundreds of thousands in Ukraine alone who are sick and dying from oncology, as the consequences of this catastrophe, you will not be able to fix it.

People don't die from oncology, just like they don't die from stomatology, if you plan on using terms that you're not familiar with first make sure what they mean.

If you are so humane - yes to hell with that, let's feed everyone? Well, really - why do you need more than 1 pair of sneakers in your life? 2-3 T-shirts are also enough - just wash them carefully, in cold water of course, environmentally friendly - with sand or ash

I was really getting concerned that the socialist side of your wasn't coming out so I was thinking something was off.
So your solution is not providing bread to everyone but make sure nobody has cake.
As usual, the immediate concern is not the ones that have nothing but the ones that have too much, first let's get rid of the kulaks, and then let's see if we can solve poverty. Oh wait, since we're all not poor as hell, it means nobody is poor we're equal! Problem solved!
How about rather than focusing on the number of pairs I have a focus on the number of pairs everyone could have without pointing a gun at somebody else?

I would rather side with stompix here. The Chernobyl tragedy happened because of the mismanagement from the Soviet authorities. The only noticeable nuclear accident that has occurred in the last three decades is Fukushima Daiichi nuclear disaster in Japan.

Which on top of that happened because of a 14 meters tall wave that got over the sea wall after the earthquake.
Now, when was the last major 7 Richter scale earthquake and 15-meter tsunami in France, Germany, Poland or....Switzerland?

But isn't stupidity wonderful?
European gas price surge prompts switch to coal
I wonder why they don't rely on solar...oh wait, it's nearly winter in most of Europe and we get about 3-4 hours of peak sun here.
Renewable energy's share of German power usage falls on lower wind output

[impulse709]

That's the highest this year, and I think I might have to give up my traditional bike for a while and start using my bike only for work. Here, electric cars are not an unpleasant thing when we can all protect the environment, now there are a lot of fuel sources in countries around the world that are running out and gradually countries Families are replacing traditional materials that pollute the environment with vehicles that use only electricity. I read the news in a country in the world in the Netherlands they encourage people to use bicycles and this is where most people like to ride bicycles.

[Rufsilf]

Fuel prices have skyrocketed in the past few months, on a worldwide scale. Here in Greece, the average price per liter for 95 Unleaded petrol is €1.75, while for diesel it's approximately €1.45. A huge surge is also expected, in the soon-to-be launched season of heating gas oil, which is expected to start within the next few weeks, with a rumored price of at least €1.10/liter.

I've read that this spike in prices is triggered by an increase in price per barrel, due to oil companies worrying about the pandemic, while their production is limited compared to the higher demand. Have you heard anything relative? What's causing this surge in prices, could it be a one-off thing which lasts a couple of months at most?

What's the average cost of petrol/diesel in your country? Share your thoughts on what exactly is causing this crisis, which is also spiking electricity costs up, increasing the budget for the average household.

Sources:
https://www.bruegel.org/2021/09/is-europes-gas-and-electricity-price-surge-a-one-off/
https://www.bbc.com/news/business-58718148

Oil companies will increase fuel prices again for the sixth-straight week. The price adjustments reflect movements in the international oil market.
Source: https://www.cnnphilippines.com/news/2021/10/4/Big-time-fuel-price-hike-Oct.-5-.html

Currently, we are also experiencing price surges and hikes here in our country. The average unleaded here will cost $1.17 per liter while the diesel was roughly $0.88 dollars, almost every week the prices will go up as well as the electricity because we cannot depend on the hydro power plants and windmills here to supply our daily household electricity needs and forcing individuals to pay more for the pump while having less for their daily needs.

[Ucy]

Fuel prices have skyrocketed in the past few months, on a worldwide scale. Here in Greece, the average price per liter for 95 Unleaded petrol is €1.75, while for diesel it's approximately €1.45. A huge surge is also expected, in the soon-to-be launched season of heating gas oil, which is expected to start within the next few weeks, with a rumored price of at least €1.10/liter.

I've read that this spike in prices is triggered by an increase in price per barrel, due to oil companies worrying about the pandemic, while their production is limited compared to the higher demand. Have you heard anything relative? What's causing this surge in prices, could it be a one-off thing which lasts a couple of months at most?

What's the average cost of petrol/diesel in your country? Share your thoughts on what exactly is causing this crisis, which is also spiking electricity costs up, increasing the budget for the average household.

Sources:
https://www.bruegel.org/2021/09/is-europes-gas-and-electricity-price-surge-a-one-off/
https://www.bbc.com/news/business-58718148

Oil companies will increase fuel prices again for the sixth-straight week. The price adjustments reflect movements in the international oil market.
Source: https://www.cnnphilippines.com/news/2021/10/4/Big-time-fuel-price-hike-Oct.-5-.html

Currently, we are also experiencing price surges and hikes here in our country. The average unleaded here will cost $1.17 per liter while the diesel was roughly $0.88 dollars, almost every week the prices will go up as well as the electricity because we cannot depend on the hydro power plants and windmills here to supply our daily household electricity needs and forcing individuals to pay more for the pump while having less for their daily needs.

Hope I'll soon get a confirmation concerning the real reason for the price increase. That should help me determine what to advice to help reduce price. I just hope people do elect leaders who could quickly solve problems like that without creating more problems. Any mistake contributes to National/World problems

[DrBeer]

.....

It is very easy to be a cynic ... But life, as a rule, "levels out" everything. I will not wish you that you will "wait in 40 years" for this. Life will put everything in its place ...

Regarding "people do not die from oncology", as I understand it, it is important for you to create many words, and is it imperative that your word be the last? I know this behavior, I will not say anything But returning to the problem - cancer is almost guaranteed a fatal disease, regardless of the terms and your desire to show yourself smarter than everyone else. I will say again - I really hope that you will not meet with this in your life, and will not, being in the terminal stage of the disease, tell doctors that oncology is not something that dies from. Honestly, I do not wish it from the bottom of my heart!

But given the above, how strange is your suffering for my social side !? Well, the attempt to ascribe to me those words that I did not say looks still bad!
I did not say that "no one has a cake", I said that
1. Choosing the best of the two deadly dangers is a bad option, and one should hiccup alternatives with less risks.
2. Not the best option to feed those who are in short supply. Over time, this becomes a habit, and then requests also begin to grow. It is better to help systematically solving the problem - for example, organize production, and give work for money to those who previously could not buy themselves food. Do you want to talk more about sociality ?!

[Ultegra134]

Crude oil barrel's price is steadily increasing, the average price for 95 unleaded, in my area is now €1.80, while for regular diesel is €1.50. Fuelling up your car was always an expensive procedure, but now it's a complete nightmare, in my case I'll need €70-€80 to fill up my tank from empty. On top of that, electricity costs are also spiking, which is quite logical, if you consider that most of our energy is generated by burning fossil fuels.

The question now is, how can the average consumer keep up with the increasing living costs? Fuel, electricity, products have seen increases in price, salaries on the other hand have not. Thus, the total available income is vastly shrinking.

Don't you think that at least a part of the crude oil price rise resulted from inflation? I tried to analyze, but couldn't find any large difference between supply and demand for crude oil in the last 2-3 years. So I am suspecting that the current spike has more to do with the unlimited printing of banknotes in the name of COVID stimulus. Don't forget the fact that the M1 monetary supply of the US Dollar went up by 200%+ in the last two years. Trillions have been created out of thin air, and it is natural to have an impact on the market because of this.

Definitely, USA was known for printing money out of thin air, but this situation has been magnified during the pandemic. However, let's be a little realistic now, it's all a result of a chain of events, oil prices are rising, thus, transportation costs are rising. As a result, product manufacturers are paying higher shipping costs, which are usually absorbed by consumers, by increasing the prices of their products.

[Mahanton]

That's the highest this year, and I think I might have to give up my traditional bike for a while and start using my bike only for work. Here, electric cars are not an unpleasant thing when we can all protect the environment, now there are a lot of fuel sources in countries around the world that are running out and gradually countries Families are replacing traditional materials that pollute the environment with vehicles that use only electricity. I read the news in a country in the world in the Netherlands they encourage people to use bicycles and this is where most people like to ride bicycles.

Ive been thinking on having my bike on going to work but considering the distance then i dont see for it to be ideal because you would really be basically be sweating up before you do reach your work station which is
really very unpleasant if you do ask me.Luckily i do have my 3 cyclinder car which i could use rather than my SUV which is really not too effecient on daily commutes. This is the highest number or amount
that i had experience on gas/fuel prices on my entire life and it do really affects that much for us consumers.Is there something we can do? Its nothing.

[stomachgrowls]

That's the highest this year, and I think I might have to give up my traditional bike for a while and start using my bike only for work. Here, electric cars are not an unpleasant thing when we can all protect the environment, now there are a lot of fuel sources in countries around the world that are running out and gradually countries Families are replacing traditional materials that pollute the environment with vehicles that use only electricity. I read the news in a country in the world in the Netherlands they encourage people to use bicycles and this is where most people like to ride bicycles.

Ive been thinking on having my bike on going to work but considering the distance then i dont see for it to be ideal because you would really be basically be sweating up before you do reach your work station which is
really very unpleasant if you do ask me.Luckily i do have my 3 cyclinder car which i could use rather than my SUV which is really not too effecient on daily commutes. This is the highest number or amount
that i had experience on gas/fuel prices on my entire life and it do really affects that much for us consumers.Is there something we can do? Its nothing.

And there are more tentative price increase. Holy shit.

https://www.theguardian.com/money/2021/oct/20/petrol-prices-high-fuel-oil-prices-pumps
https://www.forbes.com/wheels/news/gas-prices/
https://www.reuters.com/business/energy/oil-prices-fall-weaker-china-growth-us-output-stoke-demand-concerns-2021-10-19/

I remember those days where fuel is cheap and hadnt really to worry on strolling around. 

[blockman]

Oil companies will increase fuel prices again for the sixth-straight week. The price adjustments reflect movements in the international oil market.
Source: https://www.cnnphilippines.com/news/2021/10/4/Big-time-fuel-price-hike-Oct.-5-.html

Currently, we are also experiencing price surges and hikes here in our country. The average unleaded here will cost $1.17 per liter while the diesel was roughly $0.88 dollars, almost every week the prices will go up as well as the electricity because we cannot depend on the hydro power plants and windmills here to supply our daily household electricity needs and forcing individuals to pay more for the pump while having less for their daily needs.

I have some important activities that I need to go out and I have to refuel my car but looking at the price hike of fuel, it's really making me think if there will be a time to see it roll back. But whenever we see oil price hikes, there's unlikely that we'll be getting the same price as it was before. Well, only important meetings that I'll have to go to to save fuel then. It's what I have to do and hopefully, there will be dominance in EV cars soon in our country.

[Sithara007]

I have some important activities that I need to go out and I have to refuel my car but looking at the price hike of fuel, it's really making me think if there will be a time to see it roll back. But whenever we see oil price hikes, there's unlikely that we'll be getting the same price as it was before. Well, only important meetings that I'll have to go to to save fuel then. It's what I have to do and hopefully, there will be dominance in EV cars soon in our country.

Honestly, did you expected the low crude oil prices to last for ever? The crude price was $100-120 per barrel in 2014. Then there was the crash, which took it all the way down to ~$40 per barrel. In usual circumstances, the prices should be back to the normal levels in a year or so. But Saudi Arabia wanted to destroy the shale oil industry in the United States and therefore kept the prices low for an extended duration. And then Trump became the president and the shale oil sector boomed again.

[blockman]

I have some important activities that I need to go out and I have to refuel my car but looking at the price hike of fuel, it's really making me think if there will be a time to see it roll back. But whenever we see oil price hikes, there's unlikely that we'll be getting the same price as it was before. Well, only important meetings that I'll have to go to to save fuel then. It's what I have to do and hopefully, there will be dominance in EV cars soon in our country.

Honestly, did you expected the low crude oil prices to last for ever? The crude price was $100-120 per barrel in 2014. Then there was the crash, which took it all the way down to ~$40 per barrel. In usual circumstances, the prices should be back to the normal levels in a year or so. But Saudi Arabia wanted to destroy the shale oil industry in the United States and therefore kept the prices low for an extended duration. And then Trump became the president and the shale oil sector boomed again.

I don't. What I'm saying is that whenever there's a rollback, it's always the lesser amount that they've done with the price hike. Too bad that the world has been affected by the oil price hike and we all have to bear with it and there's no solution to this at the moment but just to go with the continuous price hike. Well too many factors why we're having this and it's highly unlikely that it'll pull back to the former price before this hike has happened.

[stompix]

It is very easy to be a cynic ... But life, as a rule, "levels out" everything. I will not wish you that you will "wait in 40 years" for this. Life will put everything in its place ...

Seems like I have to scream at your stuff as simply alluding to it doesn't achieve anything.
I was in high school when that disaster happened, I've lived through it, and guess what ll my colleagues are still alive, 40 years since then.
Probably because the cancer rate that indeed rose did so from 5 to 10 per million!

Regarding "people do not die from oncology", as I understand it, it is important for you to create many words, and is it imperative that your word be the last? I know this behavior, I will not say anything

I know this behavior too, you could have said cancer but you wanted to look special so you used a term which you're not familiar with, trying to pose like you're well informed and you completely flopped it.
So why didn't you use cancer but oncology? Admit it, you wanted to sound like a specialist.

2. Not the best option to feed those who are in short supply. Over time, this becomes a habit, and then requests also begin to grow.

I'm just going to say one thing about this.
You're actually talking about poeple like they are cattle that need to be fed by the system.

I read the news in a country in the world in the Netherlands they encourage people to use bicycles and this is where most people like to ride bicycles.

Except that is not true:
First, the Netherlands has about one car for every two poeple.
Second:
https://download.cbs.nl/pdf/2015-transport-and-mobility.pdf

Cars cover 75 percent of all commutes, 15 percent is done by public transport and 6 percent by bicycle.

[DrBeer]

....

Well, the fact that classmates survived is of course an "indicator". Yes, I want to warn you right away - it is stupid to lie now, information is available, and you can check any "invented fact".
So what is "cancer rate increased from 5 to 10 per million"? What kind of cancer?This is not the first time you are trying to be clever about oncology and cancer, but you yourself write on this topic as a person who does not know anything about it.  So, I’ll digress, but I’ll make it clear to you - oncology is a branch of medicine that studies benign and malignant neoplasms. Cancer is one of the areas of cancer associated with malignant neoplasms. I am talking about this, since this "vector" is the most dangerous and deadly.
Now let's get back to your "statistical" lie.
For example, in Belarus, the statistics of thyroid cancer, before and 10 years after Chernobyl - an increase of more than 10 times. Yes, and the main, most noticeable increase in diseases fell precisely on the increase in thyroid cancer, which is associated with a large release of iodine isotopes, which is retained in the thyroid gland and provokes the appearance of neoplasms ... Some statistics:
it turned out a very interesting fact - a jump in the growth of morbidity occurred in children under 5 years old and in children from 10-15 years old. In children, thyroid cancer is very rare, with 1 in a million children. But in children who were in the infected zone, the numbers are much higher. From 1975 to 1985, up to 70 cases of thyroid cancer were detected, and from 1986 to 1990, 7 thousand cases were detected.
It is not enough ?


Quote from: DrBeer on October 20, 2021, 06:35:22 PM
2. Not the best option to feed those who are in short supply. Over time, this becomes a habit, and then requests also begin to grow.

I'm just going to say one thing about this.
You're actually talking about poeple like they are cattle that need to be fed by the system.

Here is a simple manipulation of words, and an attempt to pass your words off as mine No, that doesn't work!

[romero121]

Several reasons can be added for the fuel price increase.

• Very basic is the shortage of gas around the world.
• In several parts of gas reserves were under maintenance as a result of continued lockdown. This has caused decrease in the outcome for supply
• The consumption have increased and gas for energy generation is used much as the energy generation through wind isn't that effective in this season
• The lack of supply caused demand. This wholesale price increase have reflected on the overall price of the gas for consumers
• Today it was Congo that has got added to the list of Gas Shortage country
• Making use of other forms of energy is the only way through which the price can come into control.

[sana54210]

Several reasons can be added for the fuel price increase.

There could be many reasons but what triggered all of them was pandemic and its lockdown. Many countries are suffering due to low supply of gas and coal which are major fuel for electricity generations. During lockdown, the production of most things got affected but when lockdown restrictions are lifted out then we could not cope up against with same of increased demand with lesser supply happened in lockdown times.

So, it must be too obvious to have fuel prices at its peaks right after the end of lockdown times. Some economic experts have predicted this kind of bottleneck situation and I am afraid that we are just at the beginning of such negative consequences of pandemic and the real worse part yet to happen in most probable case.