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re: Gas is no longer close to $5/gallon.....

Posted on 9/11/22 at 10:24 pm to
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 9/11/22 at 10:24 pm to
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 by SPEEDY
2005 Tiger Smack Poster of the Year
Member since Dec 2003
86628 posts
Posted on 9/11/22 at 10:26 pm to
quote:

Diesel is still sky high.


Tell me about it
Posted by armsdealer
Member since Feb 2016
12270 posts
Posted on 9/11/22 at 10:32 pm to
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 by jaytothen
Member since Jan 2020
8258 posts
Posted on 9/11/22 at 10:34 pm to
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 by Xenocide
In a van down by the river
Member since Nov 2007
314 posts
Posted on 9/11/22 at 10:35 pm to
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 by TBoy
Kalamazoo
Member since Dec 2007
27354 posts
Posted on 9/11/22 at 10:39 pm to
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 by noonan
Nassau Bay, TX
Member since Aug 2005
37000 posts
Posted on 9/11/22 at 11:01 pm to
Haven't wages gone up?
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
34491 posts
Posted on 9/11/22 at 11:02 pm to
That's the thing about commodities. They don't come down in price.
Posted by Bayou Brat
Member since Jul 2021
1023 posts
Posted on 9/11/22 at 11:20 pm to
Californians has been brainwashed to think $5/gal is now a bargain.


Posted by RealDawg
Dawgville
Member since Nov 2012
11133 posts
Posted on 9/12/22 at 12:02 am to
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 by stuntman
Florida
Member since Jan 2013
10485 posts
Posted on 9/12/22 at 1:40 am to
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 by jcaz
Laffy
Member since Aug 2014
18716 posts
Posted on 9/12/22 at 3:15 am to
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 by Nado Jenkins83
Land of the Free
Member since Nov 2012
64836 posts
Posted on 9/12/22 at 3:17 am to
You think 18 wheelers using unleaded?

Posted by pankReb
Defending National Champs Fan
Member since Mar 2009
71493 posts
Posted on 9/12/22 at 3:36 am to
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.


A person's mental state is easily explained when they resort to an attempt at using Christianity as a "gotcha" moment.
Posted by pankReb
Defending National Champs Fan
Member since Mar 2009
71493 posts
Posted on 9/12/22 at 3:37 am to
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 by Klark Kent
Houston via BR
Member since Jan 2008
72878 posts
Posted on 9/12/22 at 3:41 am to
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 by redstick13
Lower Saxony
Member since Feb 2007
40397 posts
Posted on 9/12/22 at 3:42 am to
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 by CamdenTiger
Member since Aug 2009
65116 posts
Posted on 9/12/22 at 4:06 am to
Good luck after midterms
Posted by TaderSalad
mudbug territory
Member since Jul 2014
25845 posts
Posted on 9/12/22 at 4:55 am to
It’ll jump back up on November 4th.
Posted by Bamafig
Member since Nov 2018
5777 posts
Posted on 9/12/22 at 5:09 am to
$2.96 a gallon here. Still a buck too high.
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