Average Gas Price Hits $4.30 A Gallon

[BlindBoo]

It didn't, production was up. There was plenty of oil.

Yes and no. Of course production was up and has been since 2009, but we were/are are still dependent on foreign oil, and more importantly, subject to Global oil prices.

 

[struth]

Correct. Worse, it takes money to shut down the pumps and a lot more money and time to turn them back on. Right now, with the Strait closed, the oil refinery tanks are full, the tankers are full and there's no place else to put the oil so the Arab oil producers are shutting down their pumps.

IF the Strait reopens, it will take a month or more for the tankers to go to their destinations and return to start draining the storage tanks. Lather, rinse, repeat. This is given that Iran doesn't start blowing up Arab oil storage facilities and pumps.

https://www.bloomberg.com/news/articles/2026-03-09/saudi-arabia-starts-oil-output-cuts-as-shut-hormuz-fills-storage

Saudi Arabia has started reducing oil production as the crucial Strait of Hormuz chokepoint remains at a near-standstill, even as the kingdom rushes to boosts exports through an alternative route.

The information on the Saudi cuts, which comes from a person familiar with the operations, follows reductions by other OPEC nations including the United Arab Emirates, Kuwait and Iraq. Analysts estimate Saudi Arabia has larger storage capacity than some of its neighbors, indicating the kingdom may be pre-emptively lowering output to keep oil fields running for longer without having to completely shut them down.

Good thing they the Kingdom has a large storage capacity, and are smart enough to pre-emplivetly lower output so they can keep oil fields running

 

[struth]

Yes and no. Of course production was up and has been since 2009, but were/are are still dependent on foreign oil, and more importantly, subject to Global oil prices.

Oil production was massively up during the Xiden years....there was no shortage of oil that's for sure.

 

[Divine Wind]

You could say Trump is putting Europe in a bind. Buy Tesla after years of demonizing Musk or allow Chinese EVs to enter their market and watch European automakers collapse. By the way, Europeans are sudden in love with Tesla again.

Agreed. Trump's war is putting all nations who rely on oil, be it for gasoline, jet fuel or fertilizer, in a bind. Those nations that have invested in renewable energy resources will likely double their efforts.

As for Musk, I think that was political due to DOGE and his alignment with White Nationalism, not about electric cars.

 

[LeftofLeft]

The EO's Biden signed has zero effect on US oil Production levels or World Oil Production levels. Production cuts came in 2020. By the time Biden won, prices and demand were already increasing. So was US Oil Production. World production however lagged, and that is was drove oil/gas prices higher. Not the pause on the federal leasing program.

My argument was not that EOs had effect on Production but they had effect on prices. When the global markets see the US policies on domestic oil companies whether it is infrastructure (eg Keystone), exploration (eg fracking, ANWAR, federal leases, shelf drilling), the global markets - in particular, OPEC - are more likely to increase supply of oil.

There was little or no economic justification for Obama and Biden to pursue restrictive domestic domestic energy policies.

 

[Marener]

Democrats were unable to ever prove their fable of price gouging.
They tried and failed every time. In fact, Coca Cola made more of a profit
with their beverage than what the oil companies made from a gallon of gas.

It’s a Republican member of Congress that is telling us that oil companies are price gouging.

 

[drudge X]

Agreed. Trump's war is putting all nations who rely on oil, be it for gasoline, jet fuel or fertilizer, in a bind. Those nations that have invested in renewable energy resources will likely double their efforts.

As for Musk, I think that was political due to DOGE and his alignment with White Nationalism, not about electric cars.

The moment Musk publicly stated his support for Trump, leftists labeled him a demon. Scrutinizing DOGE ended the free lunch for Democrats. Strangely enough, leftists don’t believe Democrats can commit fraud.

 

[struth]

It’s a Republican member of Congress that is telling us that oil companies are price gouging.

But it's not happening....https://www.cbsnews.com/news/california-gas-prices-investigation-whats-to-blame/

This is what CBS found:

What CBS News California Investigates found:​

• Why California gas costs more: Higher taxes, labor and business costs, combined with environmental programs, regulations, and the state's unique fuel blend, drive up baseline prices.
• The political narrative is shifting: After failing to prove price gouging — and grappling with the impact of two shuttered refineries — state leaders are now publicly acknowledging the need to incentivize oil companies to stay.
• Why refineries are leaving: Rising costs, increasing regulations, long-term policy uncertainty, and shrinking returns
• Why global conflict matters: California's growing reliance on overseas refining is increasing volatility — and validating long-standing industry warnings that outsourcing refining increases the risk of price spikes.

 

[MarathonMike]

It is well worth a temporary rise in gas prices to rid the world of the scourge of the Iranian Regime. NO DEAL. There are 93 million Iranian people. Arm them and they will kill off the remains of the IRGC. The Iranian leaders and the Mullahs will flee the country.

 

[BlindBoo]

Oil production was massively up during the Xiden years....there was no shortage of oil that's for sure.

Gross hyperbole? The increase in the US Oil Patch production was and still is a steady rising slope on a graph, with a few corrections for Bush's Recession, and Benedict's feeble Covid response.

 

[drudge X]

It’s a Republican member of Congress that is telling us that oil companies are price gouging.

Like I said, if you believe him you are wrong. See, CA drivers can pay $2 less per gallon or same as the national average. Oh no, Democrats gotta fill their war chest with these silly environmental laws and switching blends. I have not heard one Democrat in CA complaining about high gas prices sincerely. Newsom tried but failed after he was called out for blaming Trump. Ask Newsom if CA can import gas from NV, OR, or AZ.

 

[struth]

Gross hyperbole? The increase in the US Oil Patch production was and still is a steady rising slope on a graph, with a few corrections for Bush's Recession, and Benedict's feeble Covid response.

yeah, there was no shortage of oil. That's not what caused Xiden's historic prices.

 

[Divine Wind]

The moment Musk publicly stated his support for Trump, leftists labeled him a demon.

True. It's the action of political extremists. Look at how fast the MAGAts turned on MTG.

Scrutinizing DOGE ended the free lunch for Democrats. Strangely enough, leftists don’t believe Democrats can commit fraud.

My understanding is that DOGE affected all middle-class and lower income Americans, not just the Lefty ones.

 

[candycorn]

The U.S. nationwide average gas price has climbed to $4.30 per gallon as of Thursday, according to data from the American Automobile Association (AAA), a four-year high, as American drivers feel the squeeze at the pump.

Gas prices rose 7¢ on Thursday, up from $4.23 on Wednesday, according to AAA data. The last time average U.S. gas prices topped $4.15 a gallon was in April 2022, shortly after Russia launched its full-scale invasion of Ukraine.

Gas prices have been rising since the U.S. and Israel's war in Iran began on February 28, when a gallon cost $2.98.

US gas prices hit $4.30 average: Map shows prices per state

Gasoline hit its highest price since 2022 on Wednesday, according to the latest data.

www.newsweek.com

The Supreme Court won't be able to bail you out on that.

The blob said we “won the war on day one”. Can you imagine how much higher it would be if we lost?

 

[candycorn]

The volatility of the oil market was pre-Trump. If you own a gas guzzler, aside from work requirement, then that’s on you. My 4-cylinder is great on gas.

Hybrids and electrics are even better.

 

[BlindBoo]

My argument was not that EOs had effect on Production but they had effect on prices. When the global markets see the US policies on domestic oil companies whether it is infrastructure (eg Keystone), exploration (eg fracking, ANWAR, federal leases, shelf drilling), the global markets - in particular, OPEC - are more likely to increase supply of oil.

There was little or no economic justification for Obama and Biden to pursue restrictive domestic domestic energy policies.

Oil prices turned the corner and began rising due to market forces in 2020. The rise was mostly steady throughout Bidens first year and only spiked during the 2022 invasion. The propaganda the New Republicans published when Biden took office may have caused a very short term increase in speculation prices but it had no effect on the supply and demand equation.

 

[candycorn]

Try again Skrewy. June 2022, Bidens average gas price was $5.02. Gaslighting doesn't work anymore. Educate yourself moron.

Biden ends term with most expensive average gas prices in nation’s history

Gas prices are on the rise throughout the country, and it’s only fitting that this is occurring during the last week of President Joe Biden's term. High

www.washingtonexaminer.com

You’re lying again.

 

[candycorn]

I don’t recall this concern over gas prices under Obama and Biden. I recall complaints that the US was too dependent on fossil fuel and that we needed to switch to green energy immediately (Green energy not yet viable to support the economy). I also recall all the excuses as to why gas prices soared under Obama and Biden and how their policies had no impact on prices.

These seemingly “complaints” from the Left about gas prices under Trump are just noise. The Left cares most about criticizing Trump; not high gas prices.

This was a self-inflicted wound by your blob.

 

[LeftofLeft]

Oil prices turned the corner and began rising due to market forces in 2020.

So why would any President be so motivated early on in their Administration (Day 1) to pass restrictive policies on domestic energy companies?? Again, economically, this makes no sense.

 

[drudge X]

True. It's the action of political extremists. Look at how fast the MAGAts turned on MTG.

My understanding is that DOGE affected all middle-class and lower income Americans, not just the Lefty ones.

Because we are moving toward the automation era and no need for an over bloated government workforce. If the private industry is reducing headcount, I have no sympathy for government workers.