On This Day In History, Gas Prices Have Never Been Higher (Again)

Tyler Durden's picture




 

While we are told to assume it is entirely transitory and speculation-driven, the price to drive your brand new GM Truck (leased for 30 years, interest-only via your EBT card) has never been higher. Do not worry though since this is only temporarily going to mean 'little Timmy' needs to go without food. As a Public Service Announcement, we have also estimated that the opportunity cost of every additional $1/gallon is just 16-20 $0.99 iGizmo apps you can do without for a week (but given sentiment surveys it would seem you do not need any further sedation).

 

(h/t @Not_Jim_Cramer)

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Fri, 10/05/2012 - 18:07 | 2861252 nmewn
Fri, 10/05/2012 - 18:07 | 2861255 tsx500
tsx500's picture

THIS IS VERY BULLISH  !!!!              ; )

Fri, 10/05/2012 - 18:11 | 2861263 NewThor
NewThor's picture

What America needs is a car that runs on debt.

ZOOM ZOOM, bitchez.

Fri, 10/05/2012 - 18:20 | 2861288 LongSoupLine
LongSoupLine's picture

 

 

We don't just have a car that "runs on debt"...shit, we have a whole fucking car company...GM.

Fri, 10/05/2012 - 18:26 | 2861308 DoChenRollingBearing
DoChenRollingBearing's picture

Today I paid $4.04 / gallon for 93 octane at an el cheapo in S FL.  "Hi-test" is now typically $4.39 if you pick an expensive station.

Fri, 10/05/2012 - 18:32 | 2861324 DCFusor
DCFusor's picture

So, when are you going to get a Volt like me, DoChen?  I know you're smart, and a charge works out most places so that about $1.25 takes you the first 40 or so miles on power company power.

Fri, 10/05/2012 - 19:42 | 2861563 DoChenRollingBearing
DoChenRollingBearing's picture

Short answer: Woman likes the SUV!  

I also would need a 100' extension cord and permission from my condo association to charge it...

Yeah, yeah, I know:  Baah-aah!  Baaah-aaah-aah!  sez the sheep...

Fri, 10/05/2012 - 19:53 | 2861610 CoolBeans
CoolBeans's picture

A Volt?

Really?  We have 4 kids.  It would be like driving a clown car.

Sat, 10/06/2012 - 05:26 | 2862361 The Alarmist
The Alarmist's picture

Meh ... adjusted for inflation we are right about where we were in the late '70s.

Sat, 10/06/2012 - 10:43 | 2862631 Pool Shark
Pool Shark's picture

 

 

Actually, gasoline is even cheaper than it was in the late 70's:

http://www.youtube.com/watch?v=QPwZ-wQFFu8

As of yesterday's close, gasoline is only about $0.18/gallon:

http://www.coinflation.com/

 

Fri, 10/05/2012 - 18:37 | 2861347 The Navigator
The Navigator's picture

I got you beat - I just paid $4.63/gal for regular at the local Chevron in San Diego.... luckily my tank is only 10 gallons.

Fri, 10/05/2012 - 18:50 | 2861389 czarangelus
czarangelus's picture

$4.79 yesterday in Santa Cruz county

Fri, 10/05/2012 - 19:09 | 2861450 californiagirl
californiagirl's picture

$4.979 at Chevron, over the hill from you.

Fri, 10/05/2012 - 18:39 | 2861353 DCFusor
DCFusor's picture

And Harley, and Chrysler....and so forth - all companies seem to run on debt.  You obviously missed the FOIA release of who got emergency funds from the fed window - even mcdonalds and verizon!

Fri, 10/05/2012 - 18:58 | 2861417 Zap Powerz
Zap Powerz's picture

WORD!

Fri, 10/05/2012 - 18:35 | 2861337 Chuck Walla
Chuck Walla's picture

 

What America needs is a car that runs on debt.

ZOOM ZOOM, bitchez.

 

 

I think thats Choom Choom, bitchez....

FORWARD SOVIET!

 

Fri, 10/05/2012 - 19:12 | 2861457 SafelyGraze
SafelyGraze's picture

one of the big contributors to fuel waste is all that silver moving around between the us and other countries all over the world. 
https://en.wikipedia.org/wiki/Commodities_exchange 

let's say the average silver trade is between parties "only" 1000 km apart

the cme alone hosted a daily volume of 50,000 contracts (5000 ozt per contract) in august -- 250,000,000 ozt (a quarter billion)
http://www.cmegroup.com/trading/metals/files/MoMU.pdf

now for the environmental carbon footprint monetary impact analysis of those exchanges

1 ozt = 0.3 newton, so you're looking at more than a billion ozt traveling 1000 kilometers every day. 

0.3 * 1,000,000,000 newton * 1,000,000 meter

yes. that's 3*1014 newton meters

which is the equivalent of 47,000 barrels of oil.
every. single. day.

and at 100 dollars per barrel, all that silver-exchanging is ripping through millions of dollars every day. totally non-productive.
it's a scandal.

Fri, 10/05/2012 - 19:19 | 2861472 Bunga Bunga
Bunga Bunga's picture

Already reality when paying gas by credit card. Next step is that Ben buys up all those securitized pump bills to bring the cost of car ownership down.

Sat, 10/06/2012 - 00:18 | 2862166 williambanzai7
williambanzai7's picture

FREE GAS

Fri, 10/05/2012 - 18:49 | 2861380 Ham-bone
Ham-bone's picture

Now that's a good chart...lower left to upper right. 

Fri, 10/05/2012 - 18:20 | 2861286 LMAOLORI
LMAOLORI's picture

 

 

nmewn Under Obama's plan we become Zimbabwe

Fri, 10/05/2012 - 18:37 | 2861343 nmewn
nmewn's picture

We're damned near there...clearly this calls for the passage of another 2500 page "law" before someone actually reads it ;-)

Fri, 10/05/2012 - 20:02 | 2861641 max2205
max2205's picture

Ben'll print some oil

Fri, 10/05/2012 - 18:07 | 2861254 Zap Powerz
Zap Powerz's picture

Fuel shortages turn into food shortages.  What will the people in densely populated urban areas do when the food runs out and they have no where to go?

My guess:  cannibalism. People...the other white meat.

Fri, 10/05/2012 - 18:11 | 2861264 semperfi
semperfi's picture

There's plenty of fiat to eat - fiber !

Fri, 10/05/2012 - 18:14 | 2861272 Squid Vicious
Squid Vicious's picture

You can live on crystal meth and tap water for a few days before you have to start eating people

Fri, 10/05/2012 - 18:22 | 2861298 LMAOLORI
LMAOLORI's picture

 

 

With Bath Salts people will start eating people right away.

People will have to give up Pot because it gives them the munchies

Disabled Grandma Uses Bear Spray To Fend Off 13 Attackers After Her Marijuana Grow

Fri, 10/05/2012 - 18:11 | 2861266 SgtSchultz
SgtSchultz's picture

Have no fear.  Obama can supply nearly anything from his "stash" of cash.

http://www.youtube.com/watch?v=_Ojd13kZlCA

Fri, 10/05/2012 - 18:38 | 2861344 Chuck Walla
Chuck Walla's picture

 What will the people in densely populated urban areas do when the food runs out...

Got Glock?  http://youtu.be/tqmLUC0qYC8

FORWARD SOVIET!

Fri, 10/05/2012 - 18:55 | 2861378 californiagirl
californiagirl's picture

The food won't run out. It will become like in the movie "Soylent Green". The mad scientists will genetically modify food to turn all of us into unwitting cannibals. There is already quite a bit being developed.  Some examples:

Jello with human genes (http://www.telegraph.co.uk/science/8743068/Do-you-fancy-a-jelly-baby-mad...) This will probably show up in your pharmaceutical gel-caps and processed foods first.

Rice that produces human milk. Anheuser-Busch stopped them from planting it in Missouri so it ended up in Kansas. (http://www.bizjournals.com/sacramento/stories/2005/04/18/daily7.html)

Rice that produces human blood (http://www.popsci.com/science/article/2011-11/genetically-modified-rice-...). 

Then there's the stuff that is just gross, like veggies crossed with spiders, scorpions, snakes, cockroaches, etc.

Once these kinds of plants are out there, you can't stop mother nature and insects from spreading the pollen and mutating more and more plants.  (http://www.ricelitigation.com/component/content/article/16-arkansas-supr...)

 

Fri, 10/05/2012 - 19:23 | 2861488 Ness.
Ness.'s picture

Thank God I live in Shitcago because I love dark meat (but then again.. I'm assuming that people thighs taste like chicken).

 

Just paid $4.69 a gallon in the "organizer's" community. 

Fri, 10/05/2012 - 20:21 | 2861704 SilverRhino
SilverRhino's picture

It's actually said to taste like pork.  

Considering the disease vectors and how ridden the general population is, I'll take my chances with rice and beans.

Fri, 10/05/2012 - 20:50 | 2861775 Ness.
Ness.'s picture

I was thinking that if it tasted nasty I could just slather it in BBQ sauce and convince myself I'm munching on a McRib.  

 

Mmmmm... Now I want a McRib.  Can I put that on my EBT card?

Sat, 10/06/2012 - 08:24 | 2862461 Urban Redneck
Urban Redneck's picture

Cannibalism is more of dark meat thing (at this point)-

http://newsrescue.com/birom-christians-eat-roasted-flesh-of-muslims-they...

Fri, 10/05/2012 - 18:12 | 2861259 Insideher Trading
Insideher Trading's picture

Great idea to come out of Obama imminently:

Tax payer funded gas vouchers. That will bring down the price.

But since 50% of taxpayers pay no tax and we already can't pay on the debt we have he'll have Bernanke print the money for the gas vouchers. Double whammy to get prices down.

Fri, 10/05/2012 - 18:13 | 2861270 HelluvaEngineer
HelluvaEngineer's picture

You unemployed, you on disability, you get Obama gas card.

Fri, 10/05/2012 - 18:24 | 2861300 Insideher Trading
Insideher Trading's picture

You forgot minority.

Fri, 10/05/2012 - 18:50 | 2861386 nmewn
Fri, 10/05/2012 - 19:09 | 2861443 Frozen IcQb
Frozen IcQb's picture

Is this for real???

 

The USA is doomed!

Fri, 10/05/2012 - 19:15 | 2861462 nmewn
nmewn's picture

It is very VERY real.

And to all you SEIU dues paying members out there, you paid for her to give me hours of amusement...from the bottom of my heart, thank you ;-)

Fri, 10/05/2012 - 19:50 | 2861595 CoolBeans
CoolBeans's picture

Saw that woman on the news the other day....makes one wish there was a LOT more chlorine in the gene pools out there.

Fri, 10/05/2012 - 19:55 | 2861615 nmewn
nmewn's picture

Eleven bucks an hour to protest a two hour event doesn't go as far as it used to...but she does get "free" food, lodging & transportation ;-)

http://politics.gather.com/viewArticle.action?articleId=281474981666030

Fri, 10/05/2012 - 21:17 | 2861848 CoolBeans
CoolBeans's picture

I heard an interview w/paid protestors and I thought my head might explode.  Just crazy.

Fri, 10/05/2012 - 18:10 | 2861260 californiagirl
californiagirl's picture

Yup. Paid $4.979/gallon to fill the tank last night here in Silicon Valley.  Wonder what it is today.

Fri, 10/05/2012 - 18:21 | 2861295 Zap Powerz
Zap Powerz's picture

I can afford high gas prices, but this is ridiculous.  If this trend continues I will have to start drinking 12 yr old McCallan instead of 18 and that really pisses me off.

Fri, 10/05/2012 - 18:29 | 2861312 e-man
e-man's picture

If you're drinking 10-15 gals of McCallan 12 or 18 per day, I'd say you have far more serious problems than the price of gas.  You should be drinking Aberlour A'Bunadh for starters...:D

Fri, 10/05/2012 - 19:10 | 2861334 Frozen IcQb
Frozen IcQb's picture

"Woodford Reserve" does it here in America.

I need a fill-up.

Fri, 10/05/2012 - 18:45 | 2861313 LMAOLORI
LMAOLORI's picture

 

 

$6 Diesel is more troubling since food other goods move by truck if this spreads oh, oh

 

http://www.californiagasprices.com/index.aspx?fuel=D

Fri, 10/05/2012 - 19:41 | 2861558 Debeachesand Je...
Debeachesand Jerseyshores's picture

With Diesel at $6.00 a gallon in California,evrybody in America will be kicked in the balls.

Fri, 10/05/2012 - 18:12 | 2861262 e-man
e-man's picture

In California, filled up my car yesterday morning at $4.59.  By the time I got home, it was $4.79.  I think I want to be paid twice a day from now on...

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