Average Gas Price Hits $4.30 A Gallon

[Meister]

This was a self-inflicted wound by your blob.

What a shallow minded poster would post.

 

[drudge X]

Ever since OPEC decided to flood the market beginning in the last half of 2014 and with oil company stockholders dissatisfied with shareholder value following COVID, our oil companies have learned their lesson on trying to gain wealth based on the drill-baby-drill philosophy.

U.S. oil rig count over the last 13 years:

5/2/2014: 1,527
5/1/2015: 679
4/29/2016: 332
4/28/2017: 697
4/27/2018: 825
5/3/2019: 807
5/1/2020: 325
4/30/2021: 342
4/29/2022: 552
4/28/2023: 591
5/3/2024: 499
5/2/2025: 479
4/24/2026: 407

Looks like Obama and Biden’s handprints are all over the place.

 

[struth]

Because of the fire sale of federal leases sold during the final months of Benedict Donald's term. There was no restrictions on current production, or current projects, or any cancelled leases, or cancelled drilling permits. There was no lack of prospects on federal lands. There was only the propaganda tactic of switching the effects of the Covid crisis on the oil market to Bidens EO's.

It was an easy sell to the MAGANUTS. Most of them still believe too.

Yes, gas prices didn't surge under Xiden due to low production...there was plenty of oil

The prices jacked up due to the Dem policy....the war on the working class

These twenty-five Biden administration policies are raising energy costs

These twenty-five Biden administration policies are affecting gas prices, home heating costs, and other energy-related burdens families face. Read more.

americansforprosperity.org

#1 and 2: Adopting new EPA oil and gas rules​

In November 2021, the Environmental Protection Agency announced new regulations governing methane emissions from oil and gas production, transmission, storage, and distribution that would cost more than $1 billion a year.

Last spring, Biden signed a resolution that overturned Trump administration reforms to EPA oil and gas rules. This resolution will worsen energy poverty, reestablish burdensome regulations, and have a disproportionate impact on small businesses.

#3, #4, #5, #6, #7, and #8: Restricting or impeding energy projects​

One of Biden’s first actions after taking office was to halt new oil and gas leases on federal lands and waters, the Biden administration has delayed decisions on these leases — a move that results in higher energy costs for the most vulnerable consumers.

The administration canceled the Keystone XL pipeline and suspended oil and gas leases in the Arctic National Wildlife Refuge and New Mexico (despite opposition from the Navajo Nation). It also resurrected the “Waters of the United States” rule, which would increase barriers to energy projects.

The White House is pursuing new standards for particulate matter and ozone, likely tightening them to unachievable levels for much of the country and creating new barriers for energy project permits.

The president also has rescinded Endangered Species Act reforms, a move that will increase red tape and allow litigation to slow down energy projects.

#9: Rejoining the Paris agreement​

In April 2021, without the consent of Congress, Biden rejoined the Paris agreement, which will result in onerous new regulations that could raise energy costs.

#10: Appointing unaccountable energy regulators​

The president has created several bodies within the White House charged with creating new policies to regulate energy. The people who run these councils are unelected and do not need Senate confirmation, but they have been given broad powers to come up with new executive actions — which do not need consent from Congress — to regulate U.S. energy production.

#11: Forcing states to restrict driving​

One section of the recently enacted Infrastructure Investment and Jobs Act, supported by the White House, would require every U.S. state to develop state carbon-reduction plans that must be approved by the U.S. Department of Transportation as well as be updated every four years.

These plans are aimed at reducing driving all over the country — even for people in rural areas where public transportation is limited, and driving is the only option.

#12, #13, and #14: Raising the prices of cars and trucks​

The Biden administration has failed to take adequate action on annual requirements and small refinery waivers for the Renewable Fuel Standard and in providing regulatory relief from this biofuel mandate due to economic hardship. His EPA has finalized a new rule regulating greenhouse gas emissions from cars and trucks. That single regulation could raise the average vehicle price by $1,000.

#15: Instituting a new policy on carbon taxes in organized wholesale electricity markets​

This carbon pricing policy statement, issued by the Federal Energy Regulatory Commission in April 2021, is a blanket endorsement of top-down policies that have been demonstrated to be costly, ineffective, regressive, and consistently rejected by the American people.

#16: Raising the prices of common household necessities​

The EPA has issued a final rule to phase out a common, inexpensive refrigerant. This policy is a de facto tax on air conditioning and refrigeration.

#17: Stifling energy innovation​

In May 2021, Biden issued a sweeping executive order that mobilized federal agencies, including the Securities and Exchange Commission, to enforce mandates on businesses, insurers, retirement funds, and suppliers. These policies will stifle innovation critical to improving the environment and will increase costs for a wide variety of businesses.

#18: Altering regulatory cost analyses​

The Biden administration has changed key inputs for economic and regulatory analysis, including raising the “social cost” of greenhouse gases. These policies will mask the true consumer cost of regulatory actions.

#19 and #20: Imposing new costs on power generation​

The administration attempted to resurrect an aggressive version of the Clean Power Plan for power sector mandates called the Clean Electricity Standard.

In the Fall 2021 Unified Agenda, the EPA stated their intention to propose what can be considered the Clean Power Plan 2.0. This policy would impose burdensome regulations but would have little or no environmental benefit.

The EPA also has mandated that even facilities with reduced emissions must remain on the list of “major” sources, subjecting these facilities to permitting burdens and higher costs.

#21: Impeding Americans exports​

The administration is considering potential restrictions on the export of crude oil that would increase, not decrease, energy prices.

#22 and #23: Raising taxes​

More than one-quarter of the administration-backed Build Back Better agenda is pulled directly from the “Green New Deal.” The Build Back Better agenda includes new taxes on natural gas and home heating. It also includes new taxes on petroleum and manufacturing.

#24: Picking energy winners and losers

The Build Back Better agenda would spend taxpayer dollars to push utilities to adopt more costly, politically preferred forms of energy, a move that would reduce Americans’ energy choices.

#25: Fueling the fire for future regulation​

Finally, through the Civilian Climate Corps, Build Back Better would fund the salaries of tens of thousands of anti-energy activists who would perpetuate high energy costs by demanding new and costly federal regulations and legislation.

Unlike releasing oil from the Strategic Petroleum Reserve, these 25 steps are not just a “drop in the ocean.”

They have made, and will continue to make, a significant impact on Americans’ ability to afford the energy products that fuel their lives and livelihoods.

 

[BlindBoo]

The US is producing oil at a record amount. Other countries are already getting in line

So what? We're still a net importer of crude oil. Meaning we don't produce enough crude oil for American Consumers, even though we are the world largest producer right now.

 

[Churchill]

Nobody has an answer. I don’t and neither do you.

I think we can speculate, extrapolate. Crime will rise, violence will increase, poverty will increase. The future will be nothing but depressing to people, like the society we saw in Manhattan in Escape from New York.

Automation is here to stay.

It has been since the start of the industrial revolution, so that's not new.

China isn’t capitalism but the country is rapidly turning to automation. No economic system is immune from AI.

Yes I know, I work in software, it is all over the place.

 

[Divine Wind]

Why do we need 75000 IRS agents if filings are now electronic and AI can crunch numbers far faster than any human can?

Back in the days, Democrats were against automated bridge toll to protect their union votes. Today, all state owned bridges in CA are completely automated. You can’t stop the inevitable.

We won't, but AI is new. Shouldn't we make sure it works before getting rid of all the people? Do you feel comfortable putting your family on an airliner that only has an AI pilot or do you prefer it's thoroughly tested first?

Understood about Democrats protecting archaic jobs. I have no doubt they'd have tried to preserve Buggy Whip manufacturing jobs over a century ago, but, as the wise man said, "You can't stop progress".

None of this has anything to do with Trump's Forever War and the increasing price of gasoline. While you're free to blame Biden for this and praise Trump, I think most Americans are not going to be happy next November.

 

[candycorn]

What a shallow minded poster would post.

Only someone with an unfunctioning mind would think we should have attacked Iran. So it’s no surprise you’re both supporting it but too much of a Pu$$y to enlist yourself. Right?

 

[RoshawnMarkwees]

Iran did this. They’re choking supply almost as intensely as democrats do.

 

[Marener]

I don't care who is saying it, Marener. It's been proven y/y the oil companies
average 8-10 cents a gallon. That is NOT gouging.

So oil prices nearly double and no one is making more money? That what you want to tell us?

 

[Zincwarrior]

The US is producing oil at a record amount. Other countries are already getting in line

Yes, and that does not make up for the 20% global shortfall.
WTI is $102.
Brent is $108.

 

[BlindBoo]

Yes, gas prices didn't surge under Xiden due to low production.

Prices steadily rose to about 10 -15% above pre-pandemic levels because of rising global oil prices, which were not effected by Biden's EO's. Nothing in the EO's caused OPEC+ to cut production. They have quotas that they cut. We don't, the market forces, causes small producers to close or plug their wells. Prices surged after the Russians launch their new invasion of Ukraine.

 

[Divine Wind]

Only someone with an unfunctioning mind would think we should have attacked Iran. So it’s no surprise you’re both supporting it but too much of a Pu$$y to enlist yourself. Right?

Agreed going to war with Iran was a dumb move and the results have been clear by harming Americans in the process with less national security and higher costs for all petroleum products from gasoline, transportation costs (read 18-wheeler diesel), food prices (transportation and fertilizer), plastics and everything else we use petroleum for in the modern age.

US and allied intelligence services were funding Iranian resistance. The dissidents the Iranians executed were doing our job for us. By attacking Iran, Trump has done more to unite the Iranians than divide them as was happening before Trump's Forever War.

 

[struth]

Prices steadily rose to about 10 -15% above pre-pandemic levels because of rising global oil prices, which were not effected by Biden's EO's. Nothing in the EO's caused OPEC+ to cut production. They have quotas that they cut. We don't, the market forces, causes small producers to close or plug their wells. Prices surged after the Russians launch their new invasion of Ukraine.

Xiden’s policies certainly impacted the global economy no doubt about that.

OPEC didn’t cut production during the xiden admin…in fact they jacked up production to 500k barrels/day in jan 2021

There was no shortage of oil Oil Production | Timeline | MacroMicro

 

[my2¢]

Looks like Obama and Biden’s handprints are all over the place.

How so?

Between the time Trump took office in 2017 and left in 2021, the number of U.S. oil wells being drilled fell by 262 rigs.

From his inauguration in 2025 to now, there are 71 less oil wells being drill.

I see it as economics more than politics. U.S. oil companies cannot compete with OPEC on production costs. Before COVID they tried to make up the difference in quantity. That didn't produce satisfactory shareholder value which put their executives' jobs at risk.

It's pretty simple. Profit, not cheap gasoline is the industry's goal. As it should be.

 

[there4eyeM]

So many people have insisted for so long, despite all the previous crises and warnings, on possessing ridiculously overblown, overweight, ocerpowered personal transportation that it is not easy to feel sorry for them. Whom we do feel sorry for are the people who live on modest means and drive reasonable vehicles that they need for work and business. They suffer because of the excesses of others.

 

[g5000]

The U.S. nationwide average gas price has climbed to $4.30 per gallon as of Thursday

Even higher today.

 

[g5000]

Looks like Obama and Biden’s handprints are all over the place.

And you think you aren't in a cult!

 

[g5000]

Agreed going to war with Iran was a dumb move and the results have been clear by harming Americans in the process with less national security and higher costs for all petroleum products from gasoline, transportation costs (read 18-wheeler diesel), food prices (transportation and fertilizer), plastics and everything else we use petroleum for in the modern age.

US and allied intelligence services were funding Iranian resistance. The dissidents the Iranians executed were doing our job for us. By attacking Iran, Trump has done more to unite the Iranians than divide them as was happening before Trump's Forever War.

Yep. Trump has made life a lot harder for Iranians. The Republican Guard is going to ramp up their butchery and torture tactics on any protesters.

 

[Divine Wind]

And you think you aren't in a cult!

Watching MAGAts praise the price of gasoline under Trump truly is indicative of cult-like beliefs.

I'm guessing the average price of gasoline will exceed $5 by the Fourth of July. Sad, but Trump can't fix this without surrendering or invading Iran.

B]10 Things to Know About the Psychology of Cults [/B]
10 Things to Know About the Psychology of Cults

• Cults are attractive because they promote an illusion of comfort.
• Cults satisfy the human desire for absolute answers.
• Those with low self-esteem are more likely to be persuaded by a cult environment.
• New recruits are “love bombed.”
• Women are more likely than men to join a cult.
• Many cult members have rejected religion.
• Cults maintain their power by promoting an “us vs. them” mentality.
• Cult leaders are masters at mind control.
• Cult members often have no idea they’re in a cult.
• Cult life can have a dangerous and lasting effect.

 

[Divine Wind]

Yep. Trump has made life a lot harder for Iranians. The Republican Guard is going to ramp up their butchery and torture tactics on any protesters.

I doubt there will be many protesters since Trump's bombing of infrastructure and schools has united the Iranians against "the Great Satan".