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re: Gas is no longer close to $5/gallon.....
Posted on 9/11/22 at 9:47 pm to Hammond Tiger Fan
Posted on 9/11/22 at 9:47 pm to Hammond Tiger Fan
Don’t worry gas will be going back up as oil is starting to rise again. As soon as we stop diluting the supply with SPR after the election oil will sky rocket.
1
Posted on 9/11/22 at 10:16 pm to LetsgoGamecocks
The number of people here who think the US can control the WORLD price of oil is sad. Those who think releasing oil from the strategic reserves has an impact and is anything more than a political move is sad. OPEC+ decides the price of oil and companies that run refineries decide the final price (see record Profits not just Revenue) . The president no matter Trump, Biden, etc. have little to do with the price of gas we put in our cars. This moment is a little different as the sanctions took ~13% of oil production off the market, per Biden et al. sanctions, in a day and that takes only a high school understanding of supply and demand to know prices will go up until supply can adjust. It was still the right thing to do, for the US being so Christian we sure as frick don't know what Christ would do.
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