Gas prices $2.60 near me - Righty narratives flop

[pknopp]

they went down just before the election when Biden drained our strategic reserves in a failed attempt to get more votes for dems. it didn't work, but we did enjoy the temporary lower gas prices.

He didn't take from the reserves just before the elections. So you note that gas prices weren't down but then argue they are down but it's temporary.

Trump's going to do something to spike them?

 

[pknopp]

If we kept every ounce of extra produced then yes. If it leaves our shores then the under a dollar per gallon isn't going to happen.

That's never going to happen. If fundamentals would cause prices that low, people would lose their jobs by the thousands.

 

[Redfish]

If we kept every ounce of extra produced then yes. If it leaves our shores then the under a dollar per gallon isn't going to happen.

we have been importing crude, not selling it. where do you libs get this shit?

 

[initforme]

we have been importing crude, not selling it. where do you libs get this shit?

So all of our oil stays here? Then we can get gas under a dollar per gallon very quickly. It is possible to have 75 cent gas as people have said.

 

[initforme]

That's never going to happen. If fundamentals would cause prices that low, people would lose their jobs by the thousands.

Why?

 

[Redfish]

He didn't take from the reserves just before the elections. So you note that gas prices weren't down but then argue they are down but it's temporary.

Trump's going to do something to spike them?

Biden sold off nearly half the U.S. oil reserve. Is it ready for a crisis?

Biden tapped the SPR last year when Russia’s invasion of Ukraine sent oil prices soaring. Now Republicans blame him for putting the nation’s energy security at risk.

www.politico.com

 

[pknopp]

Why?

For prices to be that low there would have to be a glut of oil which would cause producers to quit producing. A glut is even more expensive than simply meeting the needs as it is far more expensive to hold the oil after it's been pumped than leaving it in the ground.

Did no one even take any basic economic classes?

 

[pknopp]

Biden sold off nearly half the U.S. oil reserve. Is it ready for a crisis?

Biden tapped the SPR last year when Russia’s invasion of Ukraine sent oil prices soaring. Now Republicans blame him for putting the nation’s energy security at risk.

www.politico.com

Yes, a year ago. I disagreed with him doing that but we are now producing more than ever.

 

[Redfish]

Yes, a year ago. I disagreed with him doing that but we are now producing more than ever.

then prices should be way down, are they?

 

[initforme]

For prices to be that low there would have to be a glut of oil which would cause producers to quit producing. A glut is even more expensive than simply meeting the needs as it is far more expensive to hold the oil after it's been pumped than leaving it in the ground.

Did no one even take any basic economic classes?

We can't build storage tanks?

 

[pknopp]

then prices should be way down, are they?

They are down. As I explained they can only go so far. Why do we not still have new cars for $3499?

 

[pknopp]

We can't build storage tanks?

Reading isn't your strong suit obviously. I explained why. Try reading...........I guess you can do that. Understanding what you read, well............................................

 

[my2¢]

It's seasonal, this time of year gasoline prices go down while heating oil goes up. Besides, our politics have far less influence on these matters than the cartel oversees and our own oil corporate executives. American oil companies CEOs saw they would be in far better position to keep their jobs earn even bigger bucks by boosting shareholders' stock value through profits rather than pursue a counter-productive effort of keeping gasoline prices low.

 

[pknopp]

It's seasonal, this time of year gasoline prices go down while heating oil goes up. Besides, our politics have far less influence on these matters than the cartel oversees and our own oil corporate executives.

Hedge funds screw with the prices un-needlessly. They should be removed from the equation.

American oil companies CEOs saw they would be in far better position to keep their jobs earn even bigger bucks by boosting shareholders' stock value through profits rather than pursue a counter-productive effort of keeping gasoline prices low.

"Shareholder value" is going to be our ruin.

 

[beagle9]

If we kept every ounce of extra produced then yes. If it leaves our shores then the under a dollar per gallon isn't going to happen.

Depends on the ease of production, and the amount of production, the amount of off shoring, and the consumption rates.

 

[beagle9]

For prices to be that low there would have to be a glut of oil which would cause producers to quit producing. A glut is even more expensive than simply meeting the needs as it is far more expensive to hold the oil after it's been pumped than leaving it in the ground.

Did no one even take any basic economic classes?

Oil doesn't have a time stamp on it like milk does.

Build more storage fields and facilities.

 

[pknopp]

Oil doesn't have a time stamp on it like milk does.

Build more storage fields and facilities.

Whoosh. It costs nothing to leave it in the ground if it's not needed. That's exactly what is going to happen no matter who is president. It would be foolish to do otherwise as I've already explained.

 

[Redfish]

They are down. As I explained they can only go so far. Why do we not still have new cars for $3499?

its fall, gas prices always go down because people travel more in the summer. Sure, inflation keeps all prices up. What was the major cause of Biden's inflation? do you know? do you care to know? probably not to both.

 

[pknopp]

its fall, gas prices always go down because people travel more in the summer. Sure, inflation keeps all prices up. What was the major cause of Biden's inflation? do you know? do you care to know? probably not to both.

It wasn't Biden's inflation. It was Obama's, Trump's and Biden's inflation set off by Bush and Clinton.

Inflation is caused by Fed pumping the markets and debt spending.

 

[Redfish]

It wasn't Biden's inflation. It was Obama's, Trump's and Biden's inflation set off by Bush and Clinton.

Inflation is caused by Fed pumping the markets and debt spending.

some of it was that, but most of Biden's was the direct result of his actions to reduce the amount of oil, gas, and coal (energy). The price of energy directly impacts the prices of everything else