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Get Ready for Higher Fuel Prices

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Get Ready for Higher Fuel Prices

Old 01-15-2021, 01:26 PM
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Default Get Ready for Higher Fuel Prices

With all that is going on this should be no surprise to many of us, but get ready for much higher fuel prices. Might want to consider a smaller boat instead of triple outboards.
Old 01-15-2021, 01:33 PM
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If you're so sure about this, it's time to make your fortune! Go buy gasoline futures.
Old 01-15-2021, 01:37 PM
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High gas prices stimulate the Louisiana economy. I’m hoping for 6.00 per gallon gas. It thins the herd at the boat launch.
Old 01-15-2021, 01:41 PM
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I am not holding my breath, I work in oil and gas and we are still slowly laying people off.
Old 01-15-2021, 02:07 PM
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Read this article yesterday for what it is worth.
Earlier this week, the Energy Information Agency (EIA) reported that the U.S. will now return to importing more crude oil and petroleum products than it will export for 2021 and 2022. That is big news considering the agency reported just a week ago that the U.S. didn’t import any Saudi Arabia crude last week for the first time in 35 years.

American energy independence was thought to be an impossible dream but with the emergence of the shale oil and gas revolution, it became a reality.

In fact, because of the demand hit from the COVID-19 pandemic and the promise of more regulations from the Biden administration, the country seems willing to relinquish our energy dominance. U.S. shale oil and gas producers are in retreat and OPEC's sway on the price of oil has pushed prices for West Texas Intermediate crude to the $53-per-barrel level.
Old 01-15-2021, 02:48 PM
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It's not a question of energy independence, it's a question of oil prices. Shale oil is expensive to extract, at $30/barrel you're losing money getting it out of the ground. So when prices drop, shale production contracts and we might import the very cheap Saudi oil. When prices go up, shale becomes profitable again and the domestic production rises.
Old 01-15-2021, 03:18 PM
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Originally Posted by Drako View Post
It's not a question of energy independence, it's a question of oil prices. Shale oil is expensive to extract, at $30/barrel you're losing money getting it out of the ground. So when prices drop, shale production contracts and we might import the very cheap Saudi oil. When prices go up, shale becomes profitable again and the domestic production rises.
Agree with a lot you are saying but, if more burdensome regulations are put on domestic production driving up our costs what do you think will happen?Then OPEC can hold us over a barrel again, we've been there done that.
Old 01-15-2021, 03:22 PM
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Oil is evil; DUH
Old 01-15-2021, 03:32 PM
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Oil will go up, unemployment will go up, taxes will go up, crime will go up, food will go up....we will go down....
Old 01-15-2021, 03:50 PM
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.......if you can afford a boat with triples do you really care about fuel usage....
Old 01-15-2021, 03:51 PM
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Yep. Grab your ankles and relax. They say it doesn't hurt as bad.
GM will need another bailout because no one will be buying their most profitable SUVs and trucks. Just like when B.O. was president.
Old 01-15-2021, 04:07 PM
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Originally Posted by slickster View Post
Oil will go up, unemployment will go up, taxes will go up, crime will go up, food will go up....we will go down....

/\/\/\/\/\/\/\ THIS /\/\/\/\/\/\/\/\/\ Zero doubt in my mind!
Old 01-15-2021, 05:16 PM
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Originally Posted by meritmat View Post
.......if you can afford a boat with triples do you really care about fuel usage....
Not necessarily when your boat payment is 1200.00 a month for 20 years.
Old 01-15-2021, 05:26 PM
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Originally Posted by CG31 View Post
Not necessarily when your boat payment is 1200.00 a month for 20 years.
everyone knows that all here pay cash for there boats
Old 01-15-2021, 05:33 PM
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Originally Posted by SeaPro48 View Post
Yep. Grab your ankles and relax. They say it doesn't hurt as bad.
GM will need another bailout because no one will be buying their most profitable SUVs and trucks. Just like when B.O. was president.
Ford maybe but doubt G.M.
Old 01-15-2021, 05:35 PM
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Originally Posted by CG31 View Post
Not necessarily when your boat payment is 1200.00 a month for 20 years.

lol point taken
Old 01-15-2021, 05:35 PM
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Originally Posted by 99yam40 View Post
everyone knows that all here pay cash for there boats
There is some other way to buy a boat?
Old 01-15-2021, 05:57 PM
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You know who has already said he wants to shut down the 3 biggest pipelines in the U.S. Gas has already went up 20 cents in the past few weeks and its not even the summer time blend yet.

On another note the Saudi's are ramping up oil production again. Wonder why all the sudden?

Yep 4 to 5 dollar gas is coming.
Old 01-15-2021, 06:04 PM
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I built my boat for 5gal gas I'm going and won't have many witnesses around.
Old 01-15-2021, 06:50 PM
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I'll run my boat $2 gas or $6 gas. Gas prices really are a small part of my budget even when they peaked. I don't want to pay $6 for gas but I can see it happening under Biden.

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