Gas Price
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Started by wglassfo - June 9, 2022, 5:41 p.m.

I see an article in Zero Hedge reports gas buddy as saying the average price of pump gas is 5.00/gal.

Perhaps Biden is correct. You folks should stop whining as our price converted from litres to gallons is approx 8.00/USA gallon [CAD]

At what price do you think price destruction will cap the price of gas in the USA


Do you think some thing else will cap the price of gas in your country

ON a note of interest, Chevron says there is no more refining capacity in the USA and there will be no more refinery facilities built in the USA at any time in the future

In other words you are not self sufficient in fossil fuel distillates for transportation, air lines, RR etc.

Myself, gas in CAD would have to be considerably higher to change my driving habits

20.00/USA gallon might get my attention but I doubt it which is approx 2 1/2  times higher than our current pump price

Re: Gas Price
By wglassfo - June 9, 2022, 6:01 p.m.
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I know other people will have different thoughts than my thoughts about gas price. Obviously 20.00/gallon of gas removes a lot of the the incentive to come and go to work, unless the wages makes the amount left over, worth the effort

What do we do for employees who drive a distance every day to work for us. When will they say the cost of driving to work and back home just isn't worth what I have left over at the end of the week

Might as well stay home an collect a gov't cheque

If we give some kind of fuel bonus to cover the cost of coming to work, what do we do if price goes down some time in the future

Experience has taught us an employee who gets X amount paid for labour, for what ever reason, will not take kindly when that bonus is with drawn

Employees have quit their job over bonus money. Not just us but in many other places of friends we know who quit their job, because of bonus money expectations

Employees that we know want to know how much to expect in wages and don't ever reduce the amount of wages for any reason. 

Which means we have a problem with employees cost of gas to come and go to work.

Truckers are about the only group of workers who understand the concept of a fuel sur charge during high fuel prices and no fuel sur charge during lower fuel cost

Good luck explaining fuel prices and wages  to a blue collar worker

By metmike - June 9, 2022, 7:14 p.m.
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Great points Wayne, thanks!

The price of fuel effects EVERYTHING.

Not just our pocketbooks but everything sold everywhere had to get there somehow and the transportation cost is tied to fuel prices............which gets dialed into the expense and added to the sales price. 

By TimNew - June 10, 2022, 2:18 a.m.
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I'm fortunate. I only drive 50 miles a week on average,  tops. Been working from home almost exclusively for 2+ years.  We're taking a trip in Aug in the RV of a little over 2k miles.   I'm estimating the fuel bill will top 1500 for a roughly 2 week trip. About 75 cents/mile. That stings a bit, but we'll do it.

However, as MM pointed out, the cost of fuel affects just about everything.  That 1500 I'll spend in 2 weeks is in diesel, and I get 2-3 more mpg that those trucks that deliver everything, and most of them do a lot more than 1k miles per week.  That transportation cost has to be payed by some one.

By mcfarm - June 10, 2022, 4:02 p.m.
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1500/day....that is what it cost me to run my biggest tractor this spring.......1500/day. The smaller ones {4] around 650/ you want to be a farmer with a lib nut in the WH?

By metmike - June 10, 2022, 4:12 p.m.
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It's much more than just the gas price too.

                Life without petroleum-based products    

"When the price of petroleum and natural gas soar higher like they have been, the cost of all those items mentioned above(that use petroleum/natural gas) also goes up.........ON TOP OF the direct cost for transportation and heating/cooling."

The war on fossil fuels is in the early stages of killing our economy while being the biggest factor for the increase in inflation!