You are correct that there no longer is a way to configure the storage 
limit of logs.  Logs are simply stored for 30 days regardless of the 
storage space occupied as far as I know.

Regarding the gzip encoding for Stackdriver Logging exports to Cloud 
Storage, this sounds like a great idea and I highly recommend that you file 
a feature request 
<https://code.google.com/p/google-cloud-platform/issues/entry?template=Cloud%20Logging%20Feature>
 
on the Cloud Platform public issue tracker and post a link to it here so 
that others may follow up and support the request.

In the meantime, if this compression is really crucial, I suppose one could 
create a cron job that retrieves, compresses and re-uploads logs to Cloud 
Storage but I suspect this would not be very cost effective as the handler 
to perform this daily task would cost instance hours (albeit fractionally).

On Tuesday, August 23, 2016 at 12:14:04 PM UTC-4, PK wrote:
>
> I recall there was a way in the old console to 
>
> 1. see how much storage your logs take and how many days this spans
> 2. A way from App Settings to increase the storage
>
> Anybody knows how to do this right now? (This SO thread 
> <http://stackoverflow.com/questions/27616776/how-do-i-set-a-cost-limit-in-google-developers-console>
>  seems 
> out of date).
>
> PK
> [email protected]
>
>
>
>
>

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