High Fuel Prices

[chriscalandro]

On 5/22/2022 at 5:05 PM, A64Pilot said:

Those are all 2 pax airplanes?

They are not. Some are 2 and some are 4. 

[affricate]

On 5/21/2022 at 3:32 AM, Austintatious said:

Ive been flying slower and more economically with the high gas prices... Giving up about 15 knots to save 3-4 GPH.

 Relax everyone... You have the most fuel efficient GA aircraft, High gas prices suck, but they most certainly increase the value of a Mooney.   Low gas prices mean the efficiency is less of a concern and visa versa.

Yes! 27mp 22 rpm,  15 gph  162 kts make a very economical flight, 

[LANCECASPER]

2 minutes ago, affricate said:

Yes! 27mp 22 rpm,  15 gph  162 kts make a very economical flight, 

 

Your #3 CHT shows cold, your other 5 look dead even.

[affricate]

5 minutes ago, LANCECASPER said:

Your #3 CHT shows cold, your other 5 look dead even.

That #3 has always been the lowest, even before MOH. Maybe probe tip? The other 5 have always been consistently low.

[LANCECASPER]

11 minutes ago, affricate said:

That #3 has always been the lowest, even before MOH. Maybe probe tip? The other 5 have always been consistently low.

I have 4 new JPI CHT probes a 2 good used ones if you need one.

Also you might get your rigging checked by an experienced MSC. You're almost all the way right rudder. You might pick up 2-3 knots.

[affricate]

37 minutes ago, LANCECASPER said:

I have 4 new JPI CHT probes a 2 good used ones if you need one.

Also you might get your rigging checked by an experienced MSC. You're almost all the way right rudder. You might pick up 2-3 knots.

Thank you, Lance. I may just take you up on that. I looking into a upgrade with avionics, too. Will keep you posted. 

[MBDiagMan]

On 5/21/2022 at 1:04 PM, flyboy0681 said:

Such dire predictions. Two thoughts, the first being that when I started investing in the late 80's and the crash of October '87 occurred, the predictions were cataclysmic. I was in my late 20's at the time and didn't know more than what people told me and the thoughts of another great depression kept running through my mind. Fast forward a few short months and the markets came bouncing back - and then some. Then along came 2000 and the same people shouted "this time it's different", but the markets eventually came back. In 2008 the same people said this time it was was going to be catastrophic and it will lead to another great depression, but being in my 40's I knew better than to listen to the so called experts. While it didn't take a few short months to recover as it did in 1987, by 2012 things were starting to hum along, all the while I had been buying since 2009 knowing things would eventually recover - and it paid off in spades. Now I hear the same people saying the same old thing. If there is one thing that I have learned over the years it's this, never bet against the United States.

Second, historically gas prices have always come down from their highs. I bought into my partnership in 2010 and remember seeing $6.00/100LL in 2012 and thinking to myself what have I gotten myself into? Well, that was short lived, having seen prices of $3.50 within a year or two. A lot of people love to blame the current situation on the guy in charge, but for those that do deeper reading, there's a whole cacophony of reasons why oil prices are so high, among them are world geopolitical challenges as well as refineries slow to get the spigot going after shutting down most production in 2020. And no, it's not because Keystone was killed because at the time it was only 8% complete and wasn't to become operational until at least 2025 - assuming lawsuits with ranchers were settled. Trust me, prices will eventually come down again.

All of these predictions remind me of the "Little Timmy" thread here on MS from a decade ago, which became so heated that the Administrator abruptly shut it down. There was one poster, ScottFromIowa, who said that by the time he (and I) were ready to collect Social Security in ten years, it will no longer be there. No matter what I said to convince him that the program will survive well into the future, he just wouldn't listen to reason and was thoroughly convinced that by 2021 it would cease to exist. Well guess what, that next decade is here, and the while not exactly solvent, Social Security is still paying 100% of its commitment.

Just my 2₵.

 

 

 

Todays situation is MUCH different than October ‘87.

[KLRDMD]

On 7/3/2022 at 11:54 AM, affricate said:

Yes! 27mp 22 rpm,  15 gph  162 kts make a very economical flight, 

Won't an Ovation 3 do 175 KTAS on 13 GPH?

[N177MC]

On 7/3/2022 at 6:58 PM, A64Pilot said:

"I don’t really follow stocks to be honest, ...

What can I do about it? "

IMHO, if you "invest" your money in anything that you have no vested interest and just "grin & bear it",  the pro's in that market are going to eat you for lunch ...

What can you do about it :   Invest in things you understand and better yet, have some control over .

[N177MC]

4 hours ago, KLRDMD said:

Won't an Ovation 3 do 175 KTAS on 13 GPH?

Not with TKS and a 3 blade prop.    A clean & light Eagle will do that on 12 gph.

[1980Mooney]

21 hours ago, KLRDMD said:

Won't an Ovation 3 do 175 KTAS on 13 GPH?

Here is a 2017 thread on the same topic

 

[flyboy0681]

On 5/21/2022 at 2:04 PM, flyboy0681 said:

Such dire predictions. Two thoughts, the first being that when I started investing in the late 80's and the crash of October '87 occurred, the predictions were cataclysmic. I was in my late 20's at the time and didn't know more than what people told me and the thoughts of another great depression kept running through my mind. Fast forward a few short months and the markets came bouncing back - and then some. Then along came 2000 and the same people shouted "this time it's different", but the markets eventually came back. In 2008 the same people said this time it was was going to be catastrophic and it will lead to another great depression, but being in my 40's I knew better than to listen to the so called experts. While it didn't take a few short months to recover as it did in 1987, by 2012 things were starting to hum along, all the while I had been buying since 2009 knowing things would eventually recover - and it paid off in spades. Now I hear the same people saying the same old thing. If there is one thing that I have learned over the years it's this, never bet against the United States.

Second, historically gas prices have always come down from their highs. I bought into my partnership in 2010 and remember seeing $6.00/100LL in 2012 and thinking to myself what have I gotten myself into? Well, that was short lived, having seen prices of $3.50 within a year or two. A lot of people love to blame the current situation on the guy in charge, but for those that do deeper reading, there's a whole cacophony of reasons why oil prices are so high, among them are world geopolitical challenges as well as refineries slow to get the spigot going after shutting down most production in 2020. And no, it's not because Keystone was killed because at the time it was only 8% complete and wasn't to become operational until at least 2025 - assuming lawsuits with ranchers were settled. Trust me, prices will eventually come down again.

 

 

 

As predicted, fuel prices have come down since this original thread. I paid $2.90 at the gas station today and I can get 100LL for $4.73,  $4.42 if I feel like traveling a little.

 

[Ragsf15e]

44 minutes ago, flyboy0681 said:

 

As predicted, fuel prices have come down since this original thread. I paid $2.90 at the gas station today and I can get 100LL for $4.73,  $4.42 if I feel like traveling a little.

 

I’m still at $6.69 at my airport.  Crazy. (KSFF).

[Will.iam]

Krph $4.60 gal 100LL

[RobertGary1]

On 5/23/2022 at 8:10 AM, A64Pilot said:

Some of us don’t believe it’s a “blip”.

Maybe a big shift in energy policy I guess is the polite way of saying it might change things, but do you see that happening quickly?

If you want that big twin, stuff a bunch of cash aside, and in a year or so I think you can have one, but not because of fuel price.

Just get some oil investment instruments . When prices go up it’s probably a draw for me. 

[Will.iam]

2 hours ago, 1980Mooney said:

Nationwide they haven't budged a lot - perhaps slow inventory turnover.  AirNav survey shows nationwide 100LL price to average $6.51 and GlobalAir is reporting $6.90

Who is the southern prick price gouging $14 per gal? Damn that’s more than alaska rates!

 

[Pinecone]

Local FBO is still at $6.32.  I bet that the higher prices were last filled a while ago.

I know that the price went down to that price with a delivery in August.

[A64Pilot]

Gas prices coming down isn’t necessarily a good news story, depending on why they are coming down.

https://www.washingtonpost.com/business/2022/11/30/gas-prices-drop-russia-oil/

https://www.cnbc.com/2022/08/11/gas-prices-are-falling-heres-why-its-happening-and-whether-it-can-continue.html

This thread is about gas price and I don’t want to derail that but in truth price of gasoline is really more of an annoyance, fuel wise price of Diesel is more important and it’s not come down much, I don’t know why, seems logical they would track together.

A much more serious concern is our alienation of Saudi Arabia and their increasing reliance on Russia for weapons technology because we pulled out the Air Defense missiles from Saudi, to say nothing of China’s sugaring up to the Saudi’s, if oil starts trading in Yen as opposed to U.S. dollars it’s not going to help us.

‘Oil has continued to be traded in dollars largely due to the good will between the U.S. and Saudi, but that goodwill largely doesn’t exist anymore.

Look up Petrodollar and it’s recycling

[A64Pilot]

On 7/3/2022 at 2:54 PM, affricate said:

Yes! 27mp 22 rpm,  15 gph  162 kts make a very economical flight, 

I would have expected much better, that’s barely over 10 MPG, I used to get that in a C-210.

A J is on average 7 knots slower but burns 5 GPH less to return just under 15 MPG, or mine does about that in its high power cruise.

I think something is wrong, maybe a headwind or something? Surely any Mooney can do better than 10 MPG?

 

[Echo]

On 5/21/2022 at 1:04 PM, flyboy0681 said:

Such dire predictions. Two thoughts, the first being that when I started investing in the late 80's and the crash of October '87 occurred, the predictions were cataclysmic. I was in my late 20's at the time and didn't know more than what people told me and the thoughts of another great depression kept running through my mind. Fast forward a few short months and the markets came bouncing back - and then some. Then along came 2000 and the same people shouted "this time it's different", but the markets eventually came back. In 2008 the same people said this time it was was going to be catastrophic and it will lead to another great depression, but being in my 40's I knew better than to listen to the so called experts. While it didn't take a few short months to recover as it did in 1987, by 2012 things were starting to hum along, all the while I had been buying since 2009 knowing things would eventually recover - and it paid off in spades. Now I hear the same people saying the same old thing. If there is one thing that I have learned over the years it's this, never bet against the United States.

Second, historically gas prices have always come down from their highs. I bought into my partnership in 2010 and remember seeing $6.00/100LL in 2012 and thinking to myself what have I gotten myself into? Well, that was short lived, having seen prices of $3.50 within a year or two. A lot of people love to blame the current situation on the guy in charge, but for those that do deeper reading, there's a whole cacophony of reasons why oil prices are so high, among them are world geopolitical challenges as well as refineries slow to get the spigot going after shutting down most production in 2020. And no, it's not because Keystone was killed because at the time it was only 8% complete and wasn't to become operational until at least 2025 - assuming lawsuits with ranchers were settled. Trust me, prices will eventually come down again.

All of these predictions remind me of the "Little Timmy" thread here on MS from a decade ago, which became so heated that the Administrator abruptly shut it down. There was one poster, ScottFromIowa, who said that by the time he (and I) were ready to collect Social Security in ten years, it will no longer be there. No matter what I said to convince him that the program will survive well into the future, he just wouldn't listen to reason and was thoroughly convinced that by 2021 it would cease to exist. Well guess what, that next decade is here, and the while not exactly solvent, Social Security is still paying 100% of its commitment.

Just my 2₵.

 

 

 

Went to thread to find where he said as you apparently impropery quoted "It won't be there"...Maybe you shouldn't quote former members that are banned from being able to defend themselves?

[Andy95W]

This might be the weirdest resurrection of Little Timmy ever.

[Will.iam]

Who was little timmy? And from that quote I’m confused did he never put a date or was it 30+ years which the time of the posting in 2014 puts it at 2044?

[Sue Bon]

Ours is CHF 11.53 ($12.43), down from CHF 13.80 ($14.90). CHF/USD conversions at today's rate, but they haven't varied too much over the past few years.

[flyboy0681]

On 12/14/2022 at 7:58 AM, A64Pilot said:

A much more serious concern is our alienation of Saudi Arabia and their increasing reliance on Russia for weapons technology because we pulled out the Air Defense missiles from Saudi, to say nothing of China’s sugaring up to the Saudi’s, if oil starts trading in Yen as opposed to U.S. dollars it’s not going to help us.

 

Are the Saudis still using the AWACS we sold them way back in the 80's?

[A64Pilot]

11 minutes ago, flyboy0681 said:

Are the Saudis still using the AWACS we sold them way back in the 80's?

I don’t know, assume so. But something like AWACS if not continually software updated becomes obsolete pretty quick, I don’t know if we are supporting them, I certainly hope so. But we have made a real mess out of our Allies in the Middle East.

They of course have a huge amount of our equipment

Pretty sure the Iranians aren’t flying their F-14’s though.