mousepad wrote:vtsnowedin wrote: The farm boys can do the math.
Never in my 35 years of car ownership (owning a few very old cars) I had to rebuild a starter.
Same here.
mousepad wrote:vtsnowedin wrote: The farm boys can do the math.
Never in my 35 years of car ownership (owning a few very old cars) I had to rebuild a starter.
A lot of people trade often enough for that to be the case but those last owners that wear a vehicle out to the end find things like starters, alternators and the various pumps and compressors running off the belts break down at annoying intervals.AdamB wrote:mousepad wrote:vtsnowedin wrote: The farm boys can do the math.
Never in my 35 years of car ownership (owning a few very old cars) I had to rebuild a starter.
Same here.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada wrote:Paid $5.059 this morning in NW Ohio then five miles down the road saw $4.899! Arghhh!
Biden's Gas Tax Suspension Proposal Falls Flat In Congress
By Charles Kennedy - Jun 23, 2022, 8:30 AM CDT
Biden's four point plan asks legislators to suspend the federal tax on gasoline and diesel.
Congress has expressed a lack of enthusiasm for any such gas tax holiday.
Another criticism of the gas tax holiday is that it would strip funds out of the Highway Trust Fund.
President Biden asked Congress on Wednesday to lift the federal fuel tax for three months in a bid to reduce excessively high prices at the pump, but resistance in Congress—even from the President's own party—could stymie the idea altogether.
In a four-point plan, Biden said told legislators to consider suspending the $0.24 federal tax per gallon of diesel and the $0.18 per gallon tax on gasoline for 90 days and recommended that states also lift their state taxes on fuels.
The President also called on oil companies to use their profits to boost refining capacity and on fuel retailers to pass on the reduction in prices resulting from the potential lifting of federal taxes to customers.
"I fully understand that a gas tax holiday alone is not going to fix the problem but it will provide families some immediate relief, just a little bit of breathing room, as we continue working on bringing down prices for the long haul," Biden said, as quoted by Reuters.
But Congress has expressed a lack of enthusiasm for any such gas tax holiday.
"We will see where the consensus lies on a path forward for the President's proposal in the House and the Senate," House of Representatives Speaker Nancy Pelosi said in what was interpreted as a rare lack of endorsement for the President's proposal.
Other Democratic lawmakers—including Speaker Pelosi—suggested that the gas tax savings could be pocketed by oil companies rather than the consumer.
Yet another criticism of the gas tax holiday is that it would strip funds out of the Highway Trust Fund that is earmarked for maintaining roads, bridges, and other infrastructure.
The administration is blaming the high fuel prices on Russia's invasion of Ukraine and the windfall profits of oil companies resulting from the crude oil price rally, itself a result of an imbalance between supply and demand.
U.S. refining capacity has shed more than 1 million bpd over the past two years, according to the Energy Information Administration, but, according to federal data cited by Seeking Alpha, the decline has been going on for much longer.
Since 1990, the data shows, some 86 refineries have been shut down in the U.S., translating in the loss of more than 5 million bpd in capacity.
U.S. oil producers, meanwhile, have been reluctant to boost production, prioritizing instead the return of cash to shareholders.
By Charles Kennedy for Oilprice.com
More Top Reads From Oilprice.com:
Barack Obama in 2008 slammed the idea of a proposed gas tax holiday.
vtsnowedin wrote:Gas is holding steady at about $4.85 while we drain our strategic reserve. Once they get that down to where even they will not go any lower we will see what the real price of fuel is.
vtsnowedin wrote: We can expect gas prices to move higher after the midterm elections and then if the Democrats get the message and change energy policy......
vtsnowedin wrote:... it will still take months to get US production up.
vtssnowedin wrote:After all it took eighteen months to squash it so it will probably take eighteen months or more to restore it. .
AdamB wrote:vtsnowedin wrote:Gas is holding steady at about $4.85 while we drain our strategic reserve. Once they get that down to where even they will not go any lower we will see what the real price of fuel is.
At the rate they are going though, there is a good chance the recession will be here by then, and mitigate demand. I remember when the late 2008 timeframe hit, and I was filling up my car for less than I filled up my motorcycle 6 months earlier. That was pretty wild.
Nowadays, I don't use gasoline much unless I want to, and considering the price of gas, and how cheap EVing is, I don't much want to.
NEW MPG RULE WILL EXACERBATE EXISTING CAR SHORTAGE
By Tim Benson | June 22, 2022
In April, the National Highway Traffic Safety Administration (NHTSA) announced the new Corporate Average Fuel Economy (CAFE) standards that automobile manufacturers must adhere to through 2026. Unfortunately, the new rule is likely to lead to a shortage of new gasoline-powered cars in the coming years while massively hiking the price of battery-powered electric vehicles (EV) as well as cars powered by internal combustion engines (ICE).
In 1975, CAFE standards were created by the Energy Policy Conservation Act in response to the oil embargo imposed by the Organization of Arab Petroleum Exporting Countries in 1973. CAFE imposes fines on car and truck manufacturers if they fail to achieve minimum targets for sales-weighted average fuel economy, which is expressed in miles per gallon (mpg).
NHTSA’s new rule requires a massive 40 percent increase in mpg from now to 2026. Fuel efficiency must rise 8 percent in 2024 and 2025 model year automobiles, and 10 percent in 2026 model year automobiles, to a 49-mpg car and truck fleet average. Historically, the most manufacturers have been able to increase mpg year-over-year is about 3 percent. So, surging average mpg by a whopping 10 percent is a tall order.
Adding insult to injury, the Environmental Protection Agency (EPA) has separately set carbon dioxide (CO2) emission limits on automobile fleets. By 2026, cars will have to produce an average of 132 grams of CO2 per mile (g/mile) and light trucks an average of 187 g/mile for a fleet average of 161 g/mile, a 28 percent decrease from 2022. If vehicles do not meet this standard, EPA will not certify them for sale.
The challenge with this ruling is no cars with an internal combustion engine, that is, every automobile that runs on gasoline, currently emit CO2 at this extremely low level. The lowest-emitting car is the 2022 Toyota Prius Eco at 159 g/mile. Trucks like the Ford F-150, Dodge Ram, and the Chevrolet Silverado, the three most popular automobiles in the country in terms of sales, emit 407 to 550 g/mile, depending on engine size.
Meeting these new NHTSA and EPA standards so quickly will require manufacturers to dramatically increase expenditures on research and development, which will increase the price of new ICE-powered vehicles and force manufacturers to build an extensive portfolio of EV models.
Another factor that will exacerbate this shortage is the waiver provided to California to make the Golden State exempt from Section 209 of the Clean Air Act, which prohibits any state from adopting emissions standards more stringent than the federal standard. California’s Advanced Clean Cars Program requires that 35 percent of car sales in the state must be EV sales by 2026, rising to 50 percent of all sales in 2030. What’s more, 16 states and the District of Columbia have opted in to California’s program.
NHTSA, EPA, and California are essentially pushing manufacturers to eliminate ICE-vehicle production in favor of EVs. Naturally, this will accelerate the demand for commodities required to manufacture car batteries, which will increase the cost of EVs. Ford recently announced that due to rising material costs, the Mach E EV costs $25,000 more to manufacture than the equivalent sized gasoline-powered Edge. Nationally, the average price of EVs is currently more than $15,000 higher than the cost of gasoline-powered vehicles, and the gap is widening.
Moreover, we are likely looking at a shortage of ICE-powered vehicles, as there will be few models that meet the new emissions requirements. Vehicle affordability will be made worse with rising interest rates. With a smaller volume of sales, manufacturers will be forced to increase prices on both EVs and gasoline-powered vehicles. Customers priced out of the market will keep their older, less-safe vehicles that have higher emissions and consume more fuel. Of course, the lack of new vehicles will likely intensify the shortage of used vehicles, which has led to soaring prices for used vehicles in recent months.
The law of unintended consequences almost always follows even the best-intentioned law or regulation, and that will certainly be the case here. Few people have any concept of what the total impact of these regulations will be, though we will all certainly find out soon. My advice is simple: prepare to pay a whole lot more for a new car in the coming years, if you’re able to find one.
C8 wrote:AdamB wrote:Nowadays, I don't use gasoline much unless I want to, and considering the price of gas, and how cheap EVing is, I don't much want to.
Do you own an EV?
Is it a hybrid?
C8 wrote:How much was it after rebates?
C8 wrote:How much does it cost per mile to drive?
Do you charge at home?
How long does it take to charge at home if mostly drained?
C8 wrote:Does it show the batteries losing their ability to charge over time?
If so, how fast do they lose this ability?
C8 wrote:What do you like about it?
What don't you like about it?
It's a lot of questions, I know
C8 wrote:Thanks Adam, that was a pretty complete set of answers. I don't drive much so an EV doesn't make much sense to me, even at today's prices I only go 5 miles per day average (less than 2000 miles per year).
C8 wrote:But you are clearly the future and so I am interested. That 15 hours you mention to charge at home seems like a long time though. I'm not sure if everyone can live with that.
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