Gas prices up this summer?

[Surgical_ass]

Looks like their might be a chance that gas prices will be up this summer. This past year was our first season. Gas prices were very manageable for us. We were able to go out as much as we wanted with out sacrificing any out of the water activities. How did the prices a few years ago $4 to $5 range affect your boating seasons?

[MJHSupra]

I'm on a trailer and fill up each time heading out, so the on-the-water gas prices do not affect me.

When I had my 2007 Supra on a trailer, I would purchase the 100% gas (not to worry about ethanol and any vapor lock), so I was already spending more on gas.

Even if the prices are rising, I have so much $$ in the boat, I'm not going to let the price of gas stop any spring/summer/fall boating time. The boating season is only so long.

[MJHSupra]

2020 being an election year, I was hoping the price of fuel would be decreasing. But I know there are other factors in that equation. I do not work in the gas/oil industry and have not done research on it. I'm sure the TX guys have more of gauge on this topic.

With the Middle East sort of heating up, I guess nobody really knows what can happen.

[RC_Hinojosa]

Prices were actually projected to stay stable or lower through 2020...

But the geopolitical clusterfuck with Iraq & Iran is producing too much instability in the region and reducing investor confidence.

Unless the saber rattling stops and the market calms down, I believe we'll see an increase in prices this year.

How high they go is hard to predict at this point as there was some form of provocation or retaliation this morning from Iran.



Sent from my Note9 using Tapatalk

[larry_arizona]

Isn’t US oil largely unaffected by global production?

My understanding is we stay under 10% import of foreign oil or at least outside of US and Canada.


Sent from my iPhone using Tapatalk

[RC_Hinojosa]

Isn’t US oil largely unaffected by global production?

My understanding is we stay under 10% import of foreign oil or at least outside of US and Canada.


Sent from my iPhone using TapatalkGlobal production doesn't matter since the US is now the largest oil producer in the world but with OPEC and global markets we are still exposed to volatility.

Having a glut surplus doesn't change the calculus if the market thinks we're about to engage in a zero sum game in the middle east.

Sent from my Note9 using Tapatalk

[larry_arizona]

Global production doesn't matter since the US is now the largest oil producer in the world but with OPEC and global markets we are still exposed to volatility.

Having a glut surplus doesn't change the calculus if the market thinks we're about to engage in a zero sum game in the middle east.

Sent from my Note9 using Tapatalk

That is what I thought. But the US exposure is fairly protected to large swings like when gas would hit $4+ a gallon.

Adjusted for inflation, gas is uber cheap currently.


Sent from my iPhone using Tapatalk

[sandm]

happens every year. gas will go up around memorial day and back down end of september.
it's already $3/gal here in vegas and I'd be surprised if it doesn't hit $3.75 by mid summer. cali is mid-high 3's and would not be surprised if they are $5 by june.

back in '09-ish when it was spensive, gas in boise was $4 in town and was $4.75 at the marina. we still went up as much as ever BUT did expect some help with gas.
fortunately most of the peeps I have ever boated with offer up gas monies. haven't ran across a lot of people that are clueless on what it really costs to run a boat for a day. most of the people we boated with knew if you go along just for the ride it's free. if you get in the water to play, you pay.

[larry_arizona]

87 is 2.29 local to me.


Sent from my iPhone using Tapatalk

[Branden967]

87 is 2.29 local to me.


Sent from my iPhone using Tapatalk

I live in CA, Im double that all day long.....

[MJHSupra]

I live in CA, Im double that all day long.....

Yea, I think CA is winning with the most tax on a gallon of gas, but dang is that Lake Tahoe area beautiful!! Is that where you live?

https://en.wikipedia.org/wiki/Fuel_taxes_in_the_United_States

[zabooda]

The positive of high gas prices is there are less people on the water. Also, less people camping.

[Branden967]

Yea, I think CA is winning with the most tax on a gallon of gas, but dang is that Lake Tahoe area beautiful!! Is that where you live?

https://en.wikipedia.org/wiki/Fuel_taxes_in_the_United_States

Yep, Im fortunate to live 5 min from the lake. Its an amazing place, just a little cold though.....

[rdlangston13]

Yeah I think the whole thing with Iran scared investor and speculators causing a little blip upwards in the oil prices. Now that things seems to have calmed down I would imagine it would come back down and stabilize. Also the Liza field offshore of Guyana just started producing first oil last month and the production from there is only going to go up for the next 5-10 years as more well are drilled and brought online.

AT $5 a gallon I guess I would be selling the boat and buying a side by side lol.