re: Gas up over 50 cents a gallon since election

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You go to so much trouble to expose your stupidity.

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Explain? Are you involved in o&g?

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I actually stopped following it, was that the official determination?

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Not ruled a suicide, no detail.

Obviously, you’re a liberal and supported Obama. Do you remember when asked about jobs leaving the US, he answered, “how can we get them back, negotiate “. Do you realize, we actually lost manufacturing jobs during the dreadful Obama Regime.?

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Do you remember when asked about jobs leaving the US, he answered, “how can we get them back, negotiate “. Do you realize, we actually lost manufacturing jobs during the dreadful Obama Regime.?

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What does that have to do with the price of oil? Do you remember what this thread is about? What facts regarding US production, pricing, consumption do I have wrong. Be specific.

Dude, you just don’t know wtf you’re talking about and have no counter but to straw man the frick out.

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cwill

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You are very low IQ

It’s like arguing with a 2 year old and not worth the time. He thinks he is some kind of expert yet his responses show a lack of critical thought and just blustering about obama

Embarrassing actually

cwill is correct (as well as Billjamin)

Just Google oil price v us gas price. The trends practically overlay each other.

Biden has not impacted the price of oil. Oil price is set on the international market base on demand and supply. OPEC+ pretty much controls the price of oil by placing quotas for production to make sure they can dictate the price based on anticipated demand. On average, it costs US producers around $55 to $65 a barrel. The Saudi costs about $10/barrel. US government impacts the overall cost of gas with regulations (like required additives and special blends) and taxes but taxes are pass through and do not raise the cost of gas until the tax takes effect.

Keystone XL impacted Canadian oil sands oil. That's super nasty stuff and costs much more to refine. The current Keystone pipeline is more than enough capacity for oil sands oil at current market prices. Government policies and regulations impact when American producers can enter the market based on international oil price.

But anyway, google cost of oil v us gas prices.

Dang! All I had to do was google that and link it?? Would have been a lot easier than what I typed.

Lol yeah it’s way easier to Google this shite than spend an hour typing out how commodities work on a iPad.