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- Hacker News
- Cheap!! USD6/gallon is about GBP1.17/litre, but actual price in UK is GBP1.97/litreby time4tea
- Cheap! GBP 1.97/liter is NOK 24.76/liter, while actual price in Norway is NOK 26.98/liter on average today (USD 10.98/gallon).by magicalhippo
- Its weird that american people never protest anything in big masses, or at least its very rare and almost never happens for core livelihood issues (wars, cost of living, corrupt politics...). It's so different compared to Europe, and I was always wondering why. Is it better propaganda machine or?by ssijak
- The No Kings rallies are pretty massiveby tty456
- Europe contains Britain and several other countries who hardly ever protest anything. We're not all France.by walthamstow
- Americans are too busy working for all that. Their GDP per capita is almost double leading EU countries, except for a couple of outliers like Ireland and Switzerland.
You can complain about what you don't have, or you can work to produce it.
Then again, Americans are sometimes called workaholics, working far more hours. So in some ways this is just a lifestyle choice.
by Nifty3929 - Israel has caused more damage the the US and entire world than any other country. They blackmailed our politicians into this war and we continue to suffer for their bloodlust.by laimewhisps
- Epstein was a mossad agent.by Varelion
- No. The US is a sovreign nation. Noone "made" them act like that, they did this all by themselves and now thy try to shrug the responsibility.by krior
- Is this a new high water mark for inflation adjusted prices?
I am not interested in nominal new highs.
by sockbot - A possibly useful list for comparison:by throw0101d
- and remember $6 is average, diesel is $10 in some places
even if you do not drive, it affects every delivery
imagine this pattern through 2029
800 more days, even just a penny increase per day
we're out of $4 Million dollar tomahawks and the iranians have endless supply of $50K drones
strategic oil reserve is about to experience permanent catastrophic damage from being drained too low
by ck2 - >strategic oil reserve is about to experience permanent catastrophic damage from being drained too low
Apparently salt domes have a life span, you pump water in to remove oil. The water wears at the domes and removes more salt creating a larger cavern. It's not that we pumped out so much oil lately, it's because we were pumping out little bits over the last 5 decades constantly wearing at the domes. They were created at the time to only be used in a catastrophic situation, not when ever you want to control the price of oil......
Either way, you are correct in that their life has come to an end, we will require more expensive above ground storage going forward or we can electrify.
by sleepyguy - In the late 90's/ early 2000 Diesel was about the same cost as regular gas and then at some point its about the same cost as premium gas.
Is there any reason why Diesel costs more? I was always under the impression that it was a less-refined fuel therefore cheaper.
by t1234s - I thought I heard once it was because diesel might be more polluting than regular gas and thus has extra taxes on it? I could be entirely wrong though.by xingped
- I was always under the impression that it was a less-refined fuel therefore cheaper.
I was always under the impression that a big part of the difference in cost is largely due to taxes.
by jqpabc123 - Diesel increased in price because truck drivers couldn't afford not to drive their truck. The cartel as well as the distributors are extracting all the value they can at every step. That is why diesel has increased so much.by xutopia
- If the demand for other fuels increases, the cost of diesel can be indirectly affected.
Jet fuel and diesel fuel come from similar parts of the barrel. Refineries can largely choose what kind of fuel they produce for a given unit of input. One barrel doesn't always split into the same fractions. There is configuration involved.
by bob1029 - Probably doesn’t help that the ethanol that gets (increasingly) blended with gas is pretty cheap while the seed oils blended with diesel aren’t.
And the ethanol makes the fuel less valuable (energy reduction per litre) moreso than biodiesel.
by Scoundreller - I have only a passing interest in this but, basically, different oil fields have different percentages of different weight hydrocarbons. The oil can be refined with catalytic cracking to make more gas / kerosene / whatever. As I understand it, we're using "lighter" oil and we're focusing on making gas, so the percentage diesel in the crack spread is lower. So, there's less diesel coming out of the refineries.
This started, I believe when fracking became a major thing (the late 2000s), because shale oils tends to have less heavy hydrocarbons then the old wells.
by parrellel - Ultra-low-sulfur diesel became mandated in 2006 as the only type that was legal to sell for road use. That requires extra refining to remove the naturally-occuring sulfur from the fuel which is why the cost went up.by MrRadar
- The market values Diesel more. Diesel fuel has more energy per gallon, and a diesel engine as run in the real world is more energy efficient (in a lab gasoline is slightly more energy efficient, but the difference is slight and the conditions needed to make this happen are rare in the real world). Thus those who use a lot of fuel - things like freight and earth moving normally use diesel engines. These are also applications that have less elasticity, so when price goes up they don't use less. (when gas prices go up a few people drive less - or buy more fuel efficient cars, people running diesel already are buying the best fuel efficiency they can for their needs).
While diesel is less refined, the difference isn't much. These days both are heavily refined products, and the cost to refine gasoline isn't very much per gallon.
The real answer: supply/demand is the key factor in the price you pay. Cost to create/build a product generally sets a floor on the price you pay: a business that isn't making money will stop making the product (loss leaders exist, but not a factor here).
by bluGill - Lately I've been making a conscious effort to flip my coordinate system around on inflation.
Instead of tracking cost increases of fuel, I try to conceptualize prices for all things in equivalent fuel or metered energy.
The fed can overlook energy and food in their "preferred metric of inflation", but that's 90% of what I care about as an individual. Very interesting to track your purchasing power in MWh
by randusername - I’ve been doing something similar, tracking the price of technology purchase in terms of AAPL shares for 20+ years. It’s amazing how much cheaper computers have gotten!by addaon
- If oil starts ruining the financial picture on top of just the...global welfare of every living human picture, then maybe, just maybe people will actually give up their addiction.by WarmWash
- You think the planet is gonna run out of oil before it runs out of water.... interesting.by thendrill
- No, it'll come down to blood once more. With thermonuclear explosives the de-industrialization will be even more complete than it was for Eastern Europe the last go round.by lopsotronic
- Unfortunately it's not as black and white as that. The alternatives here in the UK are limited. It's basically ICE or electric.
We have a staggering number of people that live in apartments so charging is out of the question except at public charging points and the cheapest I've seen is £0.40/kWh. Most of the fast chargers are £0.92/kWh.
When I get my home charger fitted I'll be paying 6.9p/kWh between midnight and 6am but I have a driveway.
Not everyone can give up ICE cars. The logistics don't add up for many people plus the entire world runs on diesel - every truck, earth-mover, factory etc. relies on diesel in some fashion.
by ItsBob - I'd be more than willing to go electric if someone sends me the cash to get an electric, because if I could replace my diesel-guzzling 11yo I would.by OptionX
- $6 a gallon is about €1.36 a litre - thats cheap compared to a European average of €2 per litre.
Still that makes very clear why Venezuela had to happen before Iran.
by Merkur