Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
While I genuinely feel bad for economically disadvantaged workers with long commutes in used vehicles, I can't help but notice most of the complaints about fuel prices come from people who: A. Shout down anyone trying to improve public transportation infrastructure by saying it can't work in rural areas (it can, and has), and B. Own outrageously large personal vehicles that guzzle gas and houses with 2+ stall garages.
I'll listen to complaining from anyone who doesn't fall into one or both of these two groups.
Personally I think gas is still too cheap.
Gas should be prohibitively expensive. It’s price should reflect its impact.
Unfortunately this would crumble the entire US and possibly western economy. It works in most of the rest of the world because the commutes are smaller and the alternative transit is plentiful.
The only times I see people like me, who prefer owning a car "shouting down" people adcovating for better public transport, is when people suggest I should get rid of my car and ride a bus instead. A good public transportation system is a net-good for everyone, and in no way inconveniences me especially if I never even use it. It's not busses and trains I have an issue with - it's the naive city dwellers who thinks that because they get around just fine without a car then anyone would.
I wonder if this will drive migrations patterns in the near future? Certainly US drivers tend to travel pretty far, every day, just to get to work. Will we see a trend of folks relocating to larger towns and cities for smaller or no automotive commute?
They say rich tech people fled to the suburbs during the pandemic so maybe this is how the vacuum fills? Though rents are going up in the city too and housing is pretty tight so maybe no vacuum anywhere:( Need more.
Maybe, but how the pressure of gas prices would interact with the cost of housing in areas where it would be possible to ditch or substantially reduce commutes by car is moot. Those areas are already expensive & oversubscribed, and are likely to become much more so as commuting by car becomes more costly.
If there is less need for city centre office space, cities could embark on building high density housing & amenities, but few cities will want to risk being earlier than others to go down that route.
I could more easily see an increase in the type of accommodation that exists in places like Hong Kong, with many people sharing a bunk-filled room, or many tiny rooms little bigger than a single bed all sharing a bathroom with the rest of the corridor.
oversubscribed
What an excellent point. I take that to mean infrastructure, specifically things like services. That would be a challenge to overcome especially if these new dwellers were not making more income. I hope bunkhouses do not become a standard, but I think the tiny room idea is pretty nice. I don't need my own kitchen, either!
That's making gas more expensive for US drivers
yeah no kidding lol
How much are you paying at a gas station?
Here in Germany it's 2€/liter
Gas near me is about $3.25 per gallon, which (assuming my math is correct) is about 0.82 Euro per litre.
🤖 I'm a bot that provides automatic summaries for articles: ::: spoiler Click here to see the summary The world’s second-largest oil supplier has slashed production by 1 million barrels a day since July and decided this month to extend the cut through the end of the year.
Leon said the Saudis will review the cuts each month — and could add barrels back if prices spike to levels that could seriously worsen inflation in countries buying oil.
Oil costs are keeping gas prices high even as driving demand drops with the end of summer vacations and plentiful gasoline stocks, according to auto club AAA.
Oil is Russia’s main moneymaker, so higher prices help the Kremlin pay for its invasion of Ukraine and weather sweeping Western sanctions aimed at crushing its wartime economy.
The recent rise in oil prices, along with a cutback in the discount that sanctions forced Russia to offer Asian customers, means Moscow will earn “significantly more revenue from those exports,” said Benjamin Hilgenstock, senior economist at the Kyiv School of Economics.
The administration is also in touch with domestic and international producers on longtime supply needs, trying to ensure that the risk of higher oil prices does not disrupt economic growth.
Saved 84% of original text. :::
The world and particularly the west desperately need to address their oil addiction. Business as usual is no longer acceptable.
Higher oil prices are motivating people to move away from oil, hopefully toward electrification & renewables. Or at the very least, motivating people to lower their fuel consumption.
Electric vehicles are better than sticking with internal combustion, but there's still so much energy wasted in designing infrastructure around everyone getting around by cars in the first place. Everything gets spread further apart to accommodate them on roads and in parking lots, which means you have to travel farther to get where you're going. Our city designs need to shift toward density way faster than they currently are.
How much of a reduction has this caused? Is it even measurable? I’m talking about a much more systematic change. A dramatic departure from cars as the primary mode of transit and electrification of any remaining transport is what’s needed. As well as a phasing out of oil in the chemical industry.