Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Expect a big jump in gasoline prices
Old 02-19-2021, 03:34 PM   #1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 47,643
Expect a big jump in gasoline prices

Restarting Texas’ damaged refineries is going to take weeks

Quote:
Four of the largest refineries in Texas are discovering widespread damage from the deep freeze that crippled the state and expect to be down for weeks of repairs, raising the potential for prolonged fuel shortages that could spread across the country.
And you folks who don't live in Texas thought you'd escaped any fallout from the big freeze...
__________________
Numbers is hard

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-19-2021, 03:54 PM   #2
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 44,560
Quote:
Originally Posted by REWahoo View Post
Restarting Texas’ damaged refineries is going to take weeks



And you folks who don't live in Texas thought you'd escaped any fallout from the big freeze...
Thanks for letting us know!

It won't affect me too much (since I don't drive much and only spent $307 on gas for all of 2020) but it may affect others here.

Last night we had a freeze warning but it didn't freeze. I stayed up until 3:30 AM waiting for it to drop below freezing, so I could feel justified in dripping the faucets. But it never did. No I am not disappointed, that's for sure! And then today the weather was gorgeous, with sunny blue skies and 54F. Let's hope this cold spell is behind us.
W2R is online now   Reply With Quote
Old 02-19-2021, 04:08 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 2,451
The least of Texas problems as far as I can tell. But I'll let that go. You reap what you sow. I'll take the consequences of higher fuel prices as I mitigated that one awhile back.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
foxfirev5 is offline   Reply With Quote
Old 02-19-2021, 04:15 PM   #4
Thinks s/he gets paid by the post
grasshopper's Avatar
 
Join Date: Oct 2010
Posts: 2,111
My Circle K went from $2.19 to 2.59 from the last time I bought gas.
__________________
For me experiences are not good or bad, just different
grasshopper is online now   Reply With Quote
Old 02-19-2021, 07:50 PM   #5
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 22,050
While we're not quite as frugal with gasoline as W2R we're probably not far behind. I do have a big ol' full size 4WD GMC pickup truck I often have to make a point to drive once a week just to get it out of the garage so I fill that up about once every two or three months. The Honda Accord is the "daily driver" but it'd be a stretch to say we drive it daily, more like every third or fourth day on average, especially now in the winter. It gets almost twice the mileage of the GMC.

So we won't notice an increase in gasoline prices much if at all.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 02-19-2021, 07:57 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ivinsfan's Avatar
 
Join Date: Feb 2007
Posts: 6,449
Quote:
Originally Posted by foxfirev5 View Post
The least of Texas problems as far as I can tell. But I'll let that go. You reap what you sow. I'll take the consequences of higher fuel prices as I mitigated that one awhile back.
Seriously
ivinsfan is offline   Reply With Quote
Old 02-19-2021, 09:24 PM   #7
Thinks s/he gets paid by the post
rk911's Avatar
 
Join Date: Dec 2018
Location: DuPage County IL
Posts: 1,282
here in NE IL we've seen a steady rise in pump prices since January. we also do not drive much these days.
__________________
Rich
Ham Radio, Sport Pilot, RVer
FIRE: 8/11/2005, age 55y,1d
Administrator for a regional 9-1-1 call center
rk911 is offline   Reply With Quote
Old 02-19-2021, 09:33 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 4,555
We just got a new Toyota Venza SUV that's a hybrid with AWD. Around town, we're averaging 39.5 mpg so fuel prices don't bother us much.

Fuel price increases are tough on the entry level workers of the U.S.
Bamaman is offline   Reply With Quote
Old 02-19-2021, 09:50 PM   #9
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 44,560
Quote:
Originally Posted by Bamaman View Post
We just got a new Toyota Venza SUV that's a hybrid with AWD. Around town, we're averaging 39.5 mpg so fuel prices don't bother us much.

Fuel price increases are tough on the entry level workers of the U.S.
Congratulations on your new hybrid Venza!
W2R is online now   Reply With Quote
Old 02-19-2021, 10:05 PM   #10
Full time employment: Posting here.
 
Join Date: Feb 2016
Location: SoCal
Posts: 827
What is this substance you call gasoline?
Mr. Tightwad is online now   Reply With Quote
Old 02-19-2021, 10:34 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 28,379
Quote:
Originally Posted by REWahoo View Post
Restarting Texas’ damaged refineries is going to take weeks



And you folks who don't live in Texas thought you'd escaped any fallout from the big freeze...
We were able to fill up at HEB today with minimal lines, unlike the last few days when so many fuel stations had no power. And as we left the grocery store we saw a big tanker pull in to the gas station.

HEB shelves in the refrigerated produce section were almost completely bare. Did score some TX brown shrimp though. No eggs or milk/dairy anywhere.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 02-19-2021, 10:37 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Jan 2013
Posts: 2,623
Quote:
Originally Posted by W2R View Post
Congratulations on your new hybrid Venza!
Is this your next purchase? Gotta blow some of that dough...
Another Reader is offline   Reply With Quote
Old 02-19-2021, 11:25 PM   #13
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 44,560
Quote:
Originally Posted by Another Reader View Post
Is this your next purchase? Gotta blow some of that dough...
I drive so little (and therefore use so little gas), that it does not seem logical for me to buy a hybrid. Don't know what (if any) my next car will be. You're right, I should blow that dough at some point.
W2R is online now   Reply With Quote
Old 02-19-2021, 11:28 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 28,387
I bought a new car on Jan 4. Yesterday, on a grocery errand I saw that the odometer read 320 mi, after almost 6 weeks. The dealership filled it up, and I still have 1/4 tank left. If I keep this up, that's 2,700 mi/year of driving.

No, gasoline price is not one of my concerns. Not until I take my 8-mpg motorhome for a 10,000-mi trip. Even then, if I survived Canadian gas prices, particularly in the Yukon, I should be able to handle anything less.

PS. Once I got to Alaska, gas prices there were often less than in California.
__________________
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
NW-Bound is offline   Reply With Quote
Old 02-19-2021, 11:53 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 10,969
How Ironic, just today I was thinking I'll need gas in a couple of weeks.
I find I'm filling the van every 4 weeks now that we are taking DD to doctor a lot.

Our other car does 500 miles per year, so it won't need a fill for months.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 02-19-2021, 11:57 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RobbieB's Avatar
 
Join Date: Mar 2016
Location: Central CA
Posts: 6,025
Yup, $3.50 / gal here. Not something I worry about.
__________________
Retired at 59 in 2014. Should have done it sooner but I worried too much.
RobbieB is offline   Reply With Quote
Old 02-20-2021, 12:53 AM   #17
Recycles dryer sheets
Popeye's Avatar
 
Join Date: Sep 2016
Posts: 261
That article gave me flashbacks. Every one of the companies mentioned were our customers at Megacorp. I dealt with folks at all of them over the years. I hope they weren’t damaged too badly. Lots of good people there.
Popeye is online now   Reply With Quote
Old 02-20-2021, 05:16 AM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 7,614
It appears many folks here don't drive much in retirement. We put on 11k miles yearly for 2 cars and it has been fairly consistent over 3 years irrespective of gas prices.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 02-20-2021, 05:44 AM   #19
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 17,466
Quote:
Originally Posted by Dtail View Post
It appears many folks here don't drive much in retirement. We put on 11k miles yearly for 2 cars and it has been fairly consistent over 3 years irrespective of gas prices.
Over the past 30 years I've averaged around 24K miles a year. But over the past one year it has been just under 13K. We did three major road trips last summer, or it would have been much lower.
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 02-20-2021, 06:47 AM   #20
Moderator
Aerides's Avatar
 
Join Date: Nov 2015
Posts: 7,396
Thanks for the heads up. If I fill up today I'm good till things are back to normal!
Aerides is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Gasoline prices around the world MasterBlaster FIRE and Money 9 07-23-2010 06:18 PM
Interesting commentary on gasoline prices REWahoo FIRE and Money 9 05-18-2010 05:31 PM
Gasoline prices adjusted for CPI Nords Other topics 16 05-06-2007 11:35 AM
Gasoline prices and the BS that newspapers write. dumpster56 Other topics 30 04-20-2007 06:53 PM
Now watch gasoline prices can you say 4 dollars a gallon dumpster56 FIRE and Money 147 04-25-2006 01:02 PM

» Quick Links

 
All times are GMT -6. The time now is 06:39 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.