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re: Gas is no longer close to $5/gallon.....
Posted on 9/11/22 at 10:24 pm to Xenocide
Posted on 9/11/22 at 10:24 pm to Xenocide
quote:
The president no matter Trump, Biden, etc. have little to do with the price of gas we put in our cars
The president saying he is going to end fossil fuels doesn’t effect the price of oil?
Hmmm you aren’t a very good critical thinker
Posted on 9/11/22 at 10:26 pm to stout
quote:
Diesel is still sky high.
Tell me about it
Posted on 9/11/22 at 10:32 pm to Hammond Tiger Fan
Money supply expanded 40% under the current and past administration. We will have inflation and shortages until base prices are raised 40% if the government stops printing money, but they won't stop so...
Posted on 9/11/22 at 10:34 pm to OweO
quote:
Nothing has gone up to justify doubling the price of something
Literally the cost of everything has tripled. A case of cups that cost $45 pre-covid is over $150 now. Food is sky high. How are you always consistently so wrong every time?
Posted on 9/11/22 at 10:35 pm to WaWaWeeWa
No it doesn't, it's words. To end fossil fuels takes technology, congress, and personal actions. Think yourself. Guess you think Trump saying he won the election makes him president.
Posted on 9/11/22 at 10:39 pm to WaWaWeeWa
quote:
The president saying he is going to end fossil fuels doesn’t effect the price of oil? Hmmm you aren’t a very good critical thinker
The oil cartel does not change course based on campaign speeches in America. No. That has nothing to do with it.
Posted on 9/11/22 at 11:01 pm to Hammond Tiger Fan
Haven't wages gone up?
Posted on 9/11/22 at 11:02 pm to Hammond Tiger Fan
That's the thing about commodities. They don't come down in price.
Posted on 9/11/22 at 11:20 pm to Hammond Tiger Fan
Californians has been brainwashed to think $5/gal is now a bargain.
Posted on 9/12/22 at 12:02 am to Nephropidae
quote:
how much did they draw down? And what’s the total inventory?
Near 750 million is capacity.
We were 621 a year ago and will be 358 will planned releases into October. *about have that is light-sweet which isn’t preferred by our refineries.
The bigger issue is refining capacity and leases.
The amount of medium sour released in the last year and a quarter roughly equals all that is left.
This trick they are pulling likely can’t be pulled again.
Posted on 9/12/22 at 1:40 am to armsdealer
quote:
Money supply expanded 40% under the current and past administration. We will have inflation and shortages until base prices are raised 40% if the government stops printing money, but they won't stop so...
Yep.
Posted on 9/12/22 at 3:15 am to AXR735322
quote:
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
Mainly just normal pricing declines post-4th of July as well as recession fears factoring in. Demand is also down slightly but supply is not really going up even when OPEC making small increases
Posted on 9/12/22 at 3:17 am to Hammond Tiger Fan
You think 18 wheelers using unleaded?

Posted on 9/12/22 at 3:36 am to Xenocide
quote:
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's remarkable just how incredibly stupid some people are that believes this.
Yes...the leader of the most powerful country in the history of the world ABSOLUTELY can influence the price of goods both domestically and internationally.
quote:
Those who think releasing oil from the strategic reserves has an impact
The president no matter Trump, Biden, etc. have little to do with the price of gas we put in our cars
quote:
As shown in the table above, our analysis suggests that President Biden’s historic SPR release, in coordination with IEA partners, lowered the price of gasoline by 17 cents to 42 cents per gallon, with an alternate approach suggesting a point estimate of 38 cents per gallon. This decline in prices had meaningful benefits for American consumers and helped to mitigate the impacts of rising gas prices on economywide inflation. Moving forward, the Biden Administration is committed to further addressing concerns about rising energy prices.
From the literal department of US Treasury.
quote:
for the US being so Christian we sure as frick don't know what Christ would do.
Posted on 9/12/22 at 3:37 am to TBoy
quote:
The oil cartel does not change course based on campaign speeches in America. No. That has nothing to do with it.
The oil cartel is the one doing the campaign speeches in America.
Posted on 9/12/22 at 3:41 am to OweO
quote:
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.
And we have spineless brainless sheep like you to thank for it
Posted on 9/12/22 at 3:42 am to Nephropidae
quote:
how much did they draw down? And what’s the total inventory?

This post was edited on 9/12/22 at 5:51 am
Posted on 9/12/22 at 4:06 am to redstick13
Good luck after midterms
Posted on 9/12/22 at 4:55 am to Hammond Tiger Fan
It’ll jump back up on November 4th.
Posted on 9/12/22 at 5:09 am to Hammond Tiger Fan
$2.96 a gallon here. Still a buck too high.
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