Price of petrol/gas

[RacePhoto]

Personally, I'd prefer a Hybrid station wagon as my choice. I'm sure someone like Subaru makes one, that I can't possibly afford.

I have no interest in something that needs a $20,000 battery pack, like a Tesla. If I had the money, like some people do, I could pick what I wanted and needed.

That means I'd drive a little "crapwagon" most of the time and have a pickup for times when I needed something for towing, moving, home construction Etc.

Until then I'm in between and have a gasoline minivan.

Tesla owner blows up his Model S with dynamite over $22,000 battery replacement

A Tesla Model S owner in Finland decided to blow up his electric car with dynamite after it needed a...

electrek.co

There's someone with enough money to buy a Tesla and then when he was unhappy, pay a bunch to blow it up in protest.

Here's a question for the advocates of electric cars. How do I drive from where I live, to visit relatives that lives 600 miles away? For that matter how do I make a 300 mile vacation trip? Drive, stop and charge, drive, stop and charge?

Where do you get that electricity for all the electric cars, and how is it produced?

 

[AlanKlein80 19]

Doesn't sound very super.
Normal unleaded in Europe is 95 octane.
The racing fuel I test for work is 101 octane and sold last year for a little over £3 a litre...

Normal diesel here is now around £7.7 a gallon, that's currently $10!

I Googled it. Apparently, octane is figured differently:

"In Europe, the octane rating on the pump is simply the RON figure. America, by contrast, uses the average of the RON and the MON figures, called the AKI (anti-knock index). Thus, 97 octane “super unleaded” in Britain is roughly equivalent to 91 octane premium in the United States"

Here's a more detailed explanation: American vs European fuels – Octane rating – eTuners

 

[AlanKlein80 19]

Personally, I'd prefer a Hybrid station wagon as my choice. I'm sure someone like Subaru makes one, that I can't possibly afford.

I have no interest in something that needs a $20,000 battery pack, like a Tesla. If I had the money, like some people do, I could pick what I wanted and needed.

That means I'd drive a little "crapwagon" most of the time and have a pickup for times when I needed something for towing, moving, home construction Etc.

Until then I'm in between and have a gasoline minivan.

Tesla owner blows up his Model S with dynamite over $22,000 battery replacement

A Tesla Model S owner in Finland decided to blow up his electric car with dynamite after it needed a...

electrek.co

There's someone with enough money to buy a Tesla and then when he was unhappy, pay a bunch to blow it up in protest.

Here's a question for the advocates of electric cars. How do I drive from where I live, to visit relatives that lives 600 miles away? For that matter how do I make a 300 mile vacation trip? Drive, stop and charge, drive, stop and charge?

Where do you get that electricity for all the electric cars, and how is it produced?

I don't think we here in America are ready for EVs except for certain people and occasions. There are not enough charging stations and it takes too long to charge. Also, the range is too limited. It's OK for driving around where you live and if you have a home where you can charge it overnight. But it doesn't;t seem good if that's the only car you have and go far on occasions. Then you need a gas car as your first car and have a second EV car for local driving.

It's also not right that other people who make less have to subsidize richer people with tax subsidies so they can buy these cars cheaper. I'd like to get a tax subsidy on a Leica.

 

[Rickbb64 2]

Actually we do get a very big tax subsidy on gas, much more than the "green" energy sector gets.

Every well drilled is paid for mostly by tax subsidies to the oil company. Any well drilled on public land is given huge discount on the lease, the same lease on private land would be $100's more than public land lease. We the people put in the roads and utilities to the wells on public land, free of charge, usually in the middle of what used to be a pristine wilderness.

Several think tanks estimate that if the oil industry were left to the whims of the "free market" totally, we would be paying close to $10 a gallon for gas.

For example, Exxon, one of the biggest and most profitable companies in the world, gets about $35 billon dollars a year in our taxes.

 

[smoke665]

@RickB those are just drops in the bucket. Ever wonder why the price at the pump shoots up the day the price of crude goes up???? The gas you put in your car was refined days/weeks ago, from crude that was bought and paid for months ago. That's because the Oil & Gas industry in the US is allowed to use LIFO for inventory cost accounting, a practice that is prohibited in other parts of the world under the International Financial Reporting Standards, because of the potential distortions it may have on a company's profitability and financial statements. For example, LIFO can understate a company's earnings for the purposes of keeping taxable income low. Sound familiar.........

 

[AlanKlein80 19]

Actually we do get a very big tax subsidy on gas, much more than the "green" energy sector gets.

Every well drilled is paid for mostly by tax subsidies to the oil company. Any well drilled on public land is given huge discount on the lease, the same lease on private land would be $100's more than public land lease. We the people put in the roads and utilities to the wells on public land, free of charge, usually in the middle of what used to be a pristine wilderness.

Several think tanks estimate that if the oil industry were left to the whims of the "free market" totally, we would be paying close to $10 a gallon for gas.

For example, Exxon, one of the biggest and most profitable companies in the world, gets about $35 billon dollars a year in our taxes.

I was talking about my neighbor getting an EV on my dime. How's that fair?

 

[AlanKlein80 19]

@RickB those are just drops in the bucket. Ever wonder why the price at the pump shoots up the day the price of crude goes up???? The gas you put in your car was refined days/weeks ago, from crude that was bought and paid for months ago. That's because the Oil & Gas industry in the US is allowed to use LIFO for inventory cost accounting, a practice that is prohibited in other parts of the world under the International Financial Reporting Standards, because of the potential distortions it may have on a company's profitability and financial statements. For example, LIFO can understate a company's earnings for the purposes of keeping taxable income low. Sound familiar.........

We also have accrual methods of accounting vs. cash which change how much a corporation earns and when. I'm not sure the reason for LIFO or accrual. But they've been on the books a long time.

 

[smoke665]

was talking about my neighbor getting an EV on my dime. How's that fair?

Not to upset you more, but federal, state, county and local tax on gas and diesel pay for the construction and upkeep of roads. Since they don't buy either EVs travel for free down the highways and byways paid for by those nasty old combustion engines. Is this a great country or what!!!!!

 

[AlanKlein80 19]

Not to upset you more, but federal, state, county and local tax on gas and diesel pay for the construction and upkeep of roads. Since they don't buy either EVs travel for free down the highways and byways paid for by those nasty old combustion engines. Is this a great country or what!!!!!

You're right. I didn't think of that. Freeloaders. On top of that, my slice of pizza just went up fifty cents.

 

[ac12]

A problem with EV is some/many work places only have a limited number of charging stations.
So it can be a race to the office, to get to those few charging stations first.

And as was said, in parts of the US where things are FAR apart, with no charging station in between, your EV may not have the range to reach your destination, before the battery goes flat, and you are stranded. The hybrids will at least switch to the gas engine, to get you there.
I think Tesla had to install a charging station between SF and LA, so the Teslas could make the trip. So you had a long lunch, while your Tesla charged up for the next half of the trip. And if all the charging stations are occupied, you have to WAIT till one of them leaves, to charge your Tesla. So you have a longer lunch, and got to your destination later.

Several years ago, I talked to one guy who test drove a few EVs and hybrids, not a Tesla.
He drove one up a hill, and it almost did not make it. That car was scratched from the list.
That was several years ago. Hopefully they are better now.
But that raises a point. If you drive on hills a lot, you better test drive the EV/hybrid on hills BEFORE you buy it.

 

[smoke665]

A problem with EV is some/many work places only have a limited number of charging stations.

Here in our area the metro area has a population of close to 70k, not a big city, but not a small town either. There's one Tesla station and two other public stations, one of which isn't working, and one at a dealership that's only open weekdays during business hours. Compare that to the 20 or so gas stations at the interstat exits and probably a couple hundred scattered around the metro area.

 

[smoke665]

We also have accrual methods of accounting vs. cash which change how much a corporation earns and when. I'm not sure the reason for LIFO or accrual. But they've been on the books a long time.

Big Oil's Accounting Methods Fuel Criticism - WSJ

LIFO Leaves the Likes of Exxon

www.wsj.com

 

[AlanKlein80 19]

Big Oil's Accounting Methods Fuel Criticism - WSJ

LIFO Leaves the Likes of Exxon

www.wsj.com

Business taxes applied to companies is different than the government paying an individual for the person's purchase of a family car. Especially well-to-do people who are buying expensive EV's worth $90,000. The new Ford F150 electric will start at $51,000 which get incentives vs. a gas-powered version that starts at $30,000 and does not get incentives. It just nuts that taxpayers are subsidizing richer people. I'd like to get a subsidy for a Nikon Z9. A couple of thousand would be nice.

 

[Hardus Nameous114 62]

All these vehicles cost more than I paid for my first house.
I'm all for an electric vehicle to get around town, but why does 90 grand for a Tesla make sense when I could do the same thing with a golf cart? The golf cart is much easier to charge and cheaper on every way too.
I live in the largest city in the county and we don't have any charging stations for Teslas; there might be one in Wichita though.
I'm having a hard enough time keeping my 84 Honda scooter going. At 70 mpg it's perfect to run around town, as long as you don't need to haul anything or it's raining etc.
Where are my scooter subsidies? Someone buy me some parts!
That's a total joke obviously, as film and printing subsidies are more important.

 

[smoke665]

I'm all for an electric vehicle to get around town, but why does 90 grand for a Tesla make sense when I could do the same thing with a golf cart? The golf cart is much easier to charge and cheaper on every way too.

Visit some of the senior communities in FL, you'll find them doing just that. Not sure about cheaper though, as some of the custom jobs get a little pricey.