4 ms·

With these changes, I wonder how much this impacts gas purchases. If people are not going out for work, not going out to eat or shop, there has to be a massive

With these changes, I wonder how much this impacts gas purchases. If people are not going out for work, not going out to eat or shop, there has to be a massive reduction in gas purchases.

spking 7y ago
We already have the biggest oil surpluses ever recorded, and it's just going to get bigger: https://oilprice.com/Energy/Crude-Oil/Largest-Oil-Glut-In-History-Could-Force-Oil-Even-Lower.html https://oilprice.com/Energy/Crude-Oil/Largest-Oil-Glut-In-Hi...
- ars 7y ago
  Oil prices seem to be about half of what they were in Jan - but gas prices don't seem to have fallen as much. Any idea why?
  - 01100011 7y ago
    Gas prices can include significant taxes. I'm guessing it also takes a while for the lower prices to propagate through the system. You also have refinery bottlenecks, so even though we might have lots of crude, we don't have a glut of refined gasoline yet.
    - theandrewbailey 7y ago
      There's costs to refine (requiring lots of energy input) and to transport the gas, too.
ck2 7y ago
What terrifies me is the massive deregulation all the states are going to do to recover from this, likely causing ten times the damage the slight pause in toxic practices spared (fracking, etc)
Red_Leaves_Flyy 7y ago
Gas purchases might have a bit of spike before a lagging downtrend. Everyone in my area has been panicing and stocking up on whatever they deem essential. I certainly succumb to the panic as well. Though, I bought cheap shelf stable dry staples. I also filled my tank in case the gas supply chain gets disprupted. I don't expect failures of the supply chains. But I do expect there to be some unexpected problems that lead to very bad situations for some. I've prepared my home to be wholly self sufficient for a week without power, water, sewer, internet, gas, etc. I don't expect disruptions to any of these, but I also didn't expect people to panic by toilet paper of things.
- nate_meurer 7y ago
  What's your plan for pooping without flushing toilets?
  - Red_Leaves_Flyy 7y ago
    I can build a wooden make shift outhouse with a dug waste hole in a few hours. In the interim I can use a 5 gal bucket with a makeshift seat. To clean out the bucket either use a bag or flush out waste with water into a hole dug at least 2ft deep then sanitize the bucket with a strong bleach solution. But I live in a rural area. This solution probably won't be as effective in Brooklyn.
linsomniac 7y ago
Look to China for an indication. China's oil consumption, I believe I heard, was down by 25%. I believe I heard it on the Planet Money podcast: https://www.npr.org/2020/03/11/814529252/episode-978-coronavirus-oil-and-kansas https://www.npr.org/2020/03/11/814529252/episode-978-coronav...

With these changes, I wonder how much this impacts gas purchases. If people are not going out for work, not going out to eat or shop, there has to be a massive reduction in gas purchases.

spking 7y ago

We already have the biggest oil surpluses ever recorded, and it's just going to get bigger: https://oilprice.com/Energy/Crude-Oil/Largest-Oil-Glut-In-History-Could-Force-Oil-Even-Lower.html https://oilprice.com/Energy/Crude-Oil/Largest-Oil-Glut-In-Hi...

ars 7y ago
Oil prices seem to be about half of what they were in Jan - but gas prices don't seem to have fallen as much. Any idea why?
- 01100011 7y ago
  Gas prices can include significant taxes. I'm guessing it also takes a while for the lower prices to propagate through the system. You also have refinery bottlenecks, so even though we might have lots of crude, we don't have a glut of refined gasoline yet.
  - theandrewbailey 7y ago
    There's costs to refine (requiring lots of energy input) and to transport the gas, too.

ck2 7y ago

What terrifies me is the massive deregulation all the states are going to do to recover from this, likely causing ten times the damage the slight pause in toxic practices spared (fracking, etc)

Red_Leaves_Flyy 7y ago

Gas purchases might have a bit of spike before a lagging downtrend. Everyone in my area has been panicing and stocking up on whatever they deem essential. I certainly succumb to the panic as well. Though, I bought cheap shelf stable dry staples. I also filled my tank in case the gas supply chain gets disprupted. I don't expect failures of the supply chains. But I do expect there to be some unexpected problems that lead to very bad situations for some. I've prepared my home to be wholly self sufficient for a week without power, water, sewer, internet, gas, etc. I don't expect disruptions to any of these, but I also didn't expect people to panic by toilet paper of things.

nate_meurer 7y ago
What's your plan for pooping without flushing toilets?
- Red_Leaves_Flyy 7y ago
  I can build a wooden make shift outhouse with a dug waste hole in a few hours. In the interim I can use a 5 gal bucket with a makeshift seat. To clean out the bucket either use a bag or flush out waste with water into a hole dug at least 2ft deep then sanitize the bucket with a strong bleach solution. But I live in a rural area. This solution probably won't be as effective in Brooklyn.

linsomniac 7y ago

Look to China for an indication. China's oil consumption, I believe I heard, was down by 25%. I believe I heard it on the Planet Money podcast: https://www.npr.org/2020/03/11/814529252/episode-978-coronavirus-oil-and-kansas https://www.npr.org/2020/03/11/814529252/episode-978-coronav...