I drove by a gas station last evening and saw that a gallon of premium 91 octane was over the $7 mark. A gallon of diesel was nearly $9! That is quite high, even for California. No wonder my coworker has stopped driving to work and instead is taking public transit. That extra half hour of commute time is worth the trade-off at the gas pump.
Meanwhile, my 10 minute walk of a commute remains unchanged.
Nevertheless, petroleum isn’t just purely at gas stations. It permeates and affects many things we buy and consume. The ongoing war with Iran is putting a self-inflicted squeeze on the petrol supply chain, and we haven’t yet seen the full brunt of it. Gas prices finally cresting $7 per gallon here in California might be the proverbial canary.
Word on the street is motor oil is suffering through a shortage, and consequently pricers are increasing. I’ve got two cars, both of which are gas burners. Every calendar year, they will need a flush and replenishment of oil. Much like the great toilet paper stock-up of early 2020 pandemic, the supposed smart wisdom amongst the car enthusiasts discussion is to stock up on engine oil before the prices inflate any higher.
Sadly for me, I don’t have the space to store copious amounts of oil containers. The inflation hammer will just have to hit me whenever it may fall. My Golf GTI is due for an oil change next month, so I bought six liters of the good German stuff at a little over $13 per liter. According to what I can find, that price has remained stable from the start of the year. In before the lock? Seems like it.
My Miata isn’t due for a change until next July. Out of curiosity, I checked the pricing for five quarts of Castrol on Amazon. A jug is $32, which honestly seems reasonable given the surround news. According to records, the last time I bought the same oil back in 2018, it was $31! That is super surprising. Either Castrol has done the consumer a favor and kept the pricing friendly throughout, or the company has cut corners to the same product. Shrinkflation is a heck of a drug.
It seems, at least for the two particular cars that I own, the great motor oil inflation has yet to reach the shore. Of course I am fully expecting things to change sooner or later, given the lack of end in sight for the Iran war. I’ll simply enjoy the mulligan that I’ve got this time round. Happy motoring!
Little red riding coupe.