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Refueling the Past

Our very own
Archie
“46 Texaco”
Bentz

has a #1 ranked (on Amazon) book on Automotive History!

See link below for image.

REFUELING
THE
PAST



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Gas and Covid
#1408241 Sun May 02 2021 01:06 AM
Joined: Dec 2003
Posts: 3,968
S
'Bolter
It is going to be a quiet season on the car show and Swap Meet circuit up here on Canada's west coast. Because of Covid all gatherings of any type are not permitted and this week the price of 87 octane gas rose to a meager $7.38 for an imperial gallon! If you are wanting to use 94 octane add another dollar. There are going to be a lot garage queens around sadly.
An imperial gallon which use is bigger than US gallon but the cost would be about $5.25 for the US gallon.
The people in charge blame the Texas snowstorm when a bunch of refineries were shut down. To add insult to injury anybody thinking they might do renovations, the price of half inch 4x8 is $80 and OSB is $60.
Even model car kits which were about twenty five bucks last year are now fifty and sixty.


"Sedgewick"
1949 Chevy 1/2-Ton
1989 Caprice

Re: Gas and Covid
Sedgewick #1408277 Sun May 02 2021 10:07 AM
Joined: Feb 2001
Posts: 6,929
W
'Bolter
Gas here has been climbing by 10 to 20 cents a week since the first of the year for a reason that I can't mention on here or I will get fact-checked. There is no reason that outdoor events can't go on.


Ron, The Computer Greek
I love therefore I am.

1960 MGA Roadster Sold 7/18/2017
1954 3100 Chevy truck in the Gallery
2017 Buick Encore
Pix on Photobucket
Re: Gas and Covid
Sedgewick #1408281 Sun May 02 2021 12:04 PM
Joined: Aug 2005
Posts: 9,281
'Bolter
Fact checking isn't necessarily a bad thing as long as you use actual facts instead of opinion. I watched an interview with a retired hedge fund manager. The price of any commodity is rarely controlled by actual supply and demand and, for the most part, politics plays little role in the pricing. He said large institutional buyers (hedge funds, insurance companies, etc.) buy control of huge amounts of a commodity (in this case gasoline) which removes that amount from "supply", driving up the price. The actual amount of that commodity does not change so actual supply does not drop. The large institutional buyer then releases small amounts of said commodity at a time at the much higher price, reaping the large profit. The recent episode in Texas didn't make vast quantities of gasoline and NG suddenly disappear. What it did do was prompt those buyers to buy control of larger than normal quantities because they saw a chance to make more money. I don't understand why that's not considered price fixing. Lumber prices are due to staffing cuts and the resulting production cuts in the lumber industry due to covid. I recently bought three 2x12x8s and paid nearly $100. eek


Save a life, adopt a senior shelter pet.
The three main causes of blindness: Cataracts, Politics, Religion.
Name your dog Naked so you can walk Naked in the park.
Re: Gas and Covid
Sedgewick #1408285 Sun May 02 2021 12:35 PM
Joined: Sep 2010
Posts: 1,621
W
back yard wrench turner
I paid $2.62 gallon here in Central Florida yesterday. It had recently dropped a couple pennies.
I am resisting buying any lumber and wood products until this price bubble breaks. We have lots of new home startups in our area.
Lots of people moving to Florida from other states for various reasons I won't mention.


Wayne

When I die, I hope she doesn't sell everything for what I told her I paid for it!

1938 1-Ton Farm Truck
-30-Stovebolt Gallery
Photos that I have shared on Stovebolt via PhotoBucket are no longer available. Please contact me if you want a photo from an old post. malmwayne@hotmail.com
Re: Gas and Covid
Sedgewick #1408301 Sun May 02 2021 04:47 PM
Joined: Feb 2001
Posts: 6,929
W
'Bolter
thumbs_up To both.


Ron, The Computer Greek
I love therefore I am.

1960 MGA Roadster Sold 7/18/2017
1954 3100 Chevy truck in the Gallery
2017 Buick Encore
Pix on Photobucket
Re: Gas and Covid
Sedgewick #1408304 Sun May 02 2021 05:11 PM
Joined: Mar 2014
Posts: 2,239
J
'Bolter
I paid $17.49 each for 4x4x8ft treated two weeks ago. There are some disturbing economic factors at play but I can not discuss them here. Just be careful where you get your "news."


Jon

1952 1/2 ton with 1959 235
T5 with 3.07 rear end
Re: Gas and Covid
Sedgewick #1408307 Sun May 02 2021 05:23 PM
Joined: Nov 2004
Posts: 2,102
J
Workshop Owner
I need to do some work at my sister's house so I was getting some general prices at Menard's and was shocked at how high lumber prices are. Studs on sale at almost $8.00 each, 7/16" x 4 x 8' sheets of OSB at $43.00. eeeek

I had thought about adding on to my garden shed this summer. That's not going to happen.

John


J Lucas





1941 Chevy 1/2-Ton
1942 Chevy 1.5-Ton SWB
1959 Chevy Apache 31 Fleetside
1959 Chevy Apache 32 Fleetside
1959 Chevy Viking 40

My Flicker Photos! [flickr.com]

Re: Gas and Covid
Sedgewick #1408318 Sun May 02 2021 06:59 PM
Joined: Feb 2001
Posts: 6,929
W
'Bolter
Don't try to discuss on FB you will be fact-checked there.


Ron, The Computer Greek
I love therefore I am.

1960 MGA Roadster Sold 7/18/2017
1954 3100 Chevy truck in the Gallery
2017 Buick Encore
Pix on Photobucket
Re: Gas and Covid
Sedgewick #1408327 Sun May 02 2021 07:57 PM
Joined: Nov 2004
Posts: 2,102
J
Workshop Owner
Quote
Don't try to discuss on FB you will be fact-checked there.

Not a problem, I don't do FB.

John


J Lucas





1941 Chevy 1/2-Ton
1942 Chevy 1.5-Ton SWB
1959 Chevy Apache 31 Fleetside
1959 Chevy Apache 32 Fleetside
1959 Chevy Viking 40

My Flicker Photos! [flickr.com]

Re: Gas and Covid
Sedgewick #1408370 Mon May 03 2021 12:08 AM
Joined: Jan 2017
Posts: 854
I
'Bolter
I think some of the cost if not all of it due to all the work being stopped cold from the covid .. the logger has been out of work ,,so he raises the price of logs and then the sawmill worker ,,so the sawmill does the same and then again the lumber stores .. this applies to many things ,,Now the question is how much will the prices drop back down when there is no more shortage ,, maybe the prices are here to stay










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