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Gas is no longer close to $5/gallon.....
Posted on 9/11/22 at 9:43 pm
Posted on 9/11/22 at 9:43 pm
Since high gas prices were basically the excuse of raising prices on damn near everything, when will we see prices go down at the grocery store , restaurants, etc.?
I bought a small pack of beef stew meat (1.25 lbs) and it was over $10. Seems like prices just keep rising even though gas prices are falling.
I bought a small pack of beef stew meat (1.25 lbs) and it was over $10. Seems like prices just keep rising even though gas prices are falling.
35
Posted on 9/11/22 at 9:44 pm to Hammond Tiger Fan
Jokes on you
Posted on 9/11/22 at 9:44 pm to Hammond Tiger Fan
What freight companies are using gas?
Diesel is still sky high.
Diesel is still sky high.
Posted on 9/11/22 at 9:44 pm to Hammond Tiger Fan
Prices still haven't dropped at places that used covid as an excuse 
Posted on 9/11/22 at 9:46 pm to Ed Osteen
It's still well above what it was when Biden took office even though I'll admit it's down to $3.25 - $3.35 here in my part of Florida. Still high but back to the point where it's not crippling and/or causing me to have to make significant lifestyle changes.
To me it just feels like a setup. I feel like the Biden administration is doing everything possibly to get and keep gas prices down before the midterms. And for now it's working and sadly it means they've taken gas prices off the table for most Americans, even though everything else is up.
I just feel like the price has gone down due to the administration flooding the market with the strategic reserves. Once the midterms are over the strategic reserves will be turned off and gas will go right back up again.
Anyone else feel the same way?
To me it just feels like a setup. I feel like the Biden administration is doing everything possibly to get and keep gas prices down before the midterms. And for now it's working and sadly it means they've taken gas prices off the table for most Americans, even though everything else is up.
I just feel like the price has gone down due to the administration flooding the market with the strategic reserves. Once the midterms are over the strategic reserves will be turned off and gas will go right back up again.
Anyone else feel the same way?
This post was edited on 9/11/22 at 9:48 pm
Posted on 9/11/22 at 9:46 pm to Hammond Tiger Fan
Thanks to our fearless leader it will continue to go down
Posted on 9/11/22 at 9:47 pm to stout
quote:
Diesel is still sky high.
And what's the reason for that? I'm sure there's some bullshite arse excuse economists will manufacture.
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.
Posted on 9/11/22 at 9:49 pm to Hammond Tiger Fan
quote:So, economics ain’t your thang.
Since high gas prices were basically the excuse of raising prices on damn near everything, when will we see prices go down at the grocery store , restaurants, etc.?
I bought a small pack of beef stew meat (1.25 lbs) and it was over $10. Seems like prices just keep rising even though gas prices are falling.
Posted on 9/11/22 at 9:52 pm to Hammond Tiger Fan
Until interest rates cause a breakover, it’s just going to be shite supply and high prices. You are basically paying taxes for this 1.5 decade of QE policy.
Posted on 9/11/22 at 9:52 pm to Hammond Tiger Fan
Wait until you discover they lowered gas by using all our reserves with no plan to replace them.
Posted on 9/11/22 at 9:55 pm to RealDawg
quote:how much did they draw down? And what’s the total inventory?
Wait until you discover they lowered gas by using all our reserves with no plan to replace them.
Posted on 9/11/22 at 9:55 pm to Hammond Tiger Fan
Gas may not be close to $5 but Diesel is
Posted on 9/11/22 at 9:55 pm to Hammond Tiger Fan
quote:
And what's the reason for that? I'm sure there's some bullshite arse excuse economists will manufacture.
I asked why the other day
Big Wes had a good answer
quote:
Couple reasons:
We are getting less sour crude from Saudi and none from Venezuela. Our refineries, generally, are more efficient at making diesel from those cheaper grades of oil. So they pay more for lighter oil, but get less diesel per barrel.
That is why we were buying russian oil before the sanctions.
Also, these refineries have been investing in Biodiesel. For every dollar invested in biodiesel, you get less diesel, but the refineries make more money with the credits, so the money is flowing there. Making money but not really increasing capacity.
Posted on 9/11/22 at 9:57 pm to Nephropidae
quote:
how much did they draw down? And what’s the total inventory?
A shite ton. I’ll try to find the exact amount
SPR inventory
130 Million barrels the last 6 months
150 Million barrels YTD
Just under 180 Million barrels the past 12 months.
This post was edited on 9/12/22 at 5:11 am
Posted on 9/11/22 at 9:59 pm to stout
quote:
Diesel is still sky high.
Posted on 9/11/22 at 10:01 pm to tgrbaitn08
The only thing that has really changed is shipping containers are no longer costing $35K to import from China but they are still way above the $2500 they were before Covid.
Posted on 9/11/22 at 10:04 pm to Hammond Tiger Fan
They use inflation as an excuse as well. There are places where you go and get something to eat now all of a sudden it is almost $25. "Well the price of everything is going up".
Nothing has gone up to justify doubling the price of something. But at the same time there are people still trying to make up for their losses during covid.
Nothing has gone up to justify doubling the price of something. But at the same time there are people still trying to make up for their losses during covid.
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.
Posted on 9/11/22 at 10:22 pm to OweO
quote:You’re not very educated in economics or common sense. Covid shutdowns were over 2 years ago. A lot of those companies/businesses received very generous and often unnecessary PPP loans/grants. Grocery stories and meat markets printed money and never shutdown received 6 and 7 figures worth of PPP free money.
But at the same time there are people still trying to make up for their losses during covid
Morons voting Democrats into office are the majority of the problems in this country. Government handouts such as billions to foreign countries, every person on food stamps still receiving maximum benefits, money wasted on continuous Covid boosters, $10,000-$20,000 in student loan forgiveness, and dependency on foreign oil again are substantial factors for price increases. Recession/inflation/insane gas prices = voting for liberals.
I’ll wait for your refutation.
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