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Miscellaneous And Off Topic Subjects

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  • #24091
    Beaumont Texas has no running water. Over 100,000 people. City can't say when the pumps will able to go back online.
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    • #24092
      Price of oil, and inflation adjusted price of oil:

      Inflation Adjusted Crude Oil Chart
      https://inflationdata.com/Inflation/Inflation_Rate/Historical_Oil_Prices_Chart.asp
      Inflation-Adjusted Crude Oil Price Chart with nominal Crude oil prices and Crude Oil Prices adjusted for inflation in November 2023 dollars.


      Which looks nothing like the inflation adjusted price of gasoline:

      Inflation Adjusted Gasoline Prices
      https://inflationdata.com/articles/inflation-adjusted-prices/inflation-adjusted-gasoline-prices/
      Let's look at the inflation-adjusted gasoline prices in February 2022 Dollars to see where prices actually stand.
      Last edited by Da Geezer; August 31, 2017, 11:53 AM.
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      • #24093
        Thanks, Geezer. That's interesting. So gas was cheaper in 2008 when oil was at $140/b then when it was at $100 in 2012. Since then the proportion is there -- oil's half the price now compared to 2012, and so's gas. Since oil isn't the whole cost of gas, stands to reason the correlation isn't so tight. Would be interesting to see this split out for West Texas crude and for Alaska crude specifically. They fell less than Brent initially when the bear market began in '14.
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        • #24094
          Even without those charts I would've guessed that the price of gas is increasingly unrelated to the cost of oil. Oil production keeps going up and up globally and the demand is not what it once was.
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          • #24095
            Beware of the Hoosiers...
            Shut the fuck up Donny!
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            • #24096
              Originally posted by Dr. Strangelove View Post
              Even without those charts I would've guessed that the price of gas is increasingly unrelated to the cost of oil. Oil production keeps going up and up globally and the demand is not what it once was.
              Those charts are a pretty rough measure, but there's more correlation now than a decade ago, according to them.
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              • #24097
                This is old, but I found the close correlation interesting back in the day.
                Attached Files
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                • #24098
                  Ours is a carbon-based economy, that's for sure.
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                  • #24099
                    You're a regular Sherlock Holmes...
                    Shut the fuck up Donny!
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                    • #24100
                      Well it could have been far worse. I might have been THE_WIZARD_.
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                      • #24101
                        You'll never achieve such status...punk.
                        Shut the fuck up Donny!
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                        • #24102
                          "Achieve" was not a good word choice.
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                          • #24103
                            Heh, I'm sure he has an Achiever shirt
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                            • #24104
                              Don't make me kill you both.
                              Shut the fuck up Donny!
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                              • #24105
                                I bet hack has a closet full of Affliction tees.

                                ...and dirty, dirty secrets.

                                Sent from my SM-G900P using Tapatalk
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