It's already started..."gas prices gradual adjustment" as Obama wanted!

healthmyths

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

2.11gas011521.jpg
 

debbiedowner

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334
Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
 
OP
H

healthmyths

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And California? Average price today is $3.305/gal
By this time next year based on the increase of just 10%/month
$9.42/gal... Folks here is a direct effect of electing Biden!
He will not sign any federal land oil/gas leases... period.
Trump on the other hand compared to Biden's boss..
So under Trump averaged nearly 2 times as many leases...again this is the truly ONLY direct way of affecting
gas prices, i.e. by increasing production by increasing exploration, by increasing land leases!
Very simple. Very easy to understand!
Screen Shot 2021-01-15 at 3.04.11 PM.png
 
OP
H

healthmyths

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Daryl Hunt

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Presidents have no direct influence on Pump Prices. What's going to drive the pump prices up is the demand is going to increase as we drive more and need more. And that's going to happen once the vaccine is widely used. It's economy driven. The Healthier the Economy, the more we use fuel, the higher the prices. Right now, we are just above rock bottom but things are going to get better but through very little effort from any one President.

The cost of a barrel of oil is at it's lowest point. The Market had to put a number on it when actually, it's almost worthless. The storage tanks are full near the refineries, railroad cars are parked full of the crude. Our Oil Industry here (the origin end) is bust and barely operating. We have oil wells capped and ready for production but no reason to turn the pumps on or lay any new pipe to transport it. Why? The Economy, stupid.

And what is the one thing that can get the Economy going again? Getting more people working on good paying jobs, not just low paying service jobs. And what keeps that from happening? The fact that no CEO wishes to be known as the Central Distributor for Covid 19. Now we are finally back to the real problem. And there are going to be some changes in the next 6 months to get a handle on Covid. When that happens, the cost of gas at the pump will go up because the Demand for it also goes up. It's simple Economics 101.
 

antontoo

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Hey moron, there is zero causality.

Gasoline was at about $2.50 since the end of Obama's admin and throughout Trump's admin until prices crashed in the Covid recession for obvious reasons. For those same obvious reasons prices have now been increasing.


 
Last edited:

Bootney Lee Farnsworth

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Concerned American

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334
I remember $4.93 gasoline and $5.11 diesel in CA during the Obama admin. Biden stated unequivocally during the debate on national television, "Yeah, I'll shut down the oil industry." I figure we'll see $5 by summer. The new green deal. Watch what happens to inflation as well. A $15 minimum wage won't buy diddley.
 
OP
H

healthmyths

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334
Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
But you proved my point! Cut back production raises costs! Thanks!!!
Biden wants to cut back Federal exploration which reduces production which...thank.you! Increases gas prices!
Simple! And you voted for Biden/Obama to RAISE your gas prices right???
Screen Shot 2021-01-15 at 3.08.14 PM.png
 

Bootney Lee Farnsworth

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334
I remember $4.93 gasoline and $5.11 diesel in CA during the Obama admin. Biden stated unequivocally during the debate on national television, "Yeah, I'll shut down the oil industry." I figure we'll see $5 by summer. The new green deal. Watch what happens to inflation as well. A $15 minimum wage won't buy diddley.
If we see $5 a gallon this summer, I am going to purchase 100 acres in East Texas woodland.
 

Concerned American

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Presidents have no direct influence on Pump Prices. What's going to drive the pump prices up is the demand is going to increase as we drive more and need more. And that's going to happen once the vaccine is widely used. It's economy driven. The Healthier the Economy, the more we use fuel, the higher the prices. Right now, we are just above rock bottom but things are going to get better but through very little effort from any one President.

The cost of a barrel of oil is at it's lowest point. The Market had to put a number on it when actually, it's almost worthless. The storage tanks are full near the refineries, railroad cars are parked full of the crude. Our Oil Industry here (the origin end) is bust and barely operating. We have oil wells capped and ready for production but no reason to turn the pumps on or lay any new pipe to transport it. Why? The Economy, stupid.

And what is the one thing that can get the Economy going again? Getting more people working on good paying jobs, not just low paying service jobs. And what keeps that from happening? The fact that no CEO wishes to be known as the Central Distributor for Covid 19. Now we are finally back to the real problem. And there are going to be some changes in the next 6 months to get a handle on Covid. When that happens, the cost of gas at the pump will go up because the Demand for it also goes up. It's simple Economics 101.
How do you explain the increased travel/demand during the Trump administration and the lowest gas prices since Clinton? You are naive if you think that gas leases approved/increased domestic production and refineries built do not affect prices. Re: good paying jobs--the US has been farming out it's production to China for 30 years. We don't make diddley in the US anymore. We have become a nation of burger flippers for burger flippers. A nation that produces nothing is destined to fail.
 

Moonglow

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So? Proof again... cut production increases costs of gas. Very simple Moonglow and thanks for proving my point!
It's what producers do to manipulate the price along with try to buy refining locations and control the amount of refined oil produced.
 

Daryl Hunt

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334
Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
But you proved my point! Cut back production raises costs! Thanks!!!
Biden wants to cut back Federal exploration which reduces production which...thank.you! Increases gas prices!
Simple! And you voted for Biden/Obama to RAISE your gas prices right???View attachment 443363
Right now, we have a tremendous amount of oil wells and Shale that is dormant. They know where it is,no exploration required. Until that oil is finally tapped through Demand, why would anyone spend a dime on Exploration. Maybe later it may be necessary but not in the next X number of years. Like ALL oil production, you go for the easy stuff first. And we have an excess in the "Easy" stuff. Once the demand nears exceeding the supply then Exploration funds need to be spent. But we are X number of years from that point.
 

Hang on sloopy

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334
They voted to raise the gas prices to 5 bucks a gallon. They did that for us too. Happy?.
 

Bootney Lee Farnsworth

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I hope OPEC cuts production to the point where Texas gets 50% of the market share at $10 a gallon.
:laughing0301:

A&M will build a $4 Billion temporary stadium and do a $70 Billion renovation of Kyle.
:laughing0301:
 

bendog

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1/15/21 $2.11/gal ....1/5/21 --- 1.77/gal 12/12/20 --- $1.59/gal... --- 11/8/2020 $1.54/gal
And Biden's not even in office yet!
Remember his boss and his statement that Biden has re-affirmed with these words...
  • Rather, when asked in 2008 about then-$4 per gallon gasoline prices, and whether that could be a good thing to encourage people toward alternative energy, Obama responded that he “would have preferred a gradual adjustment”
Federal OIL LEASES under OBAMA in 4 years new leases under Obama 5,109 new leases… an average of 1,277 leases over 4 year. Under Bush from 2006 to 2008 23,569 new leases an average per year of 2,946 leases over 8 years. Oil & Gas Leases on Federal Lands Down 17% Under Obama. https://cnsnews.com/news/article/joe-setyon/leases-oil-gas-federal-lands-down-17-under-obam

So what do the gas stations believe regarding Biden's statement if the ONLY way gas prices are affected by a President is by not approving oil and gas leases on Federal lands?

With climate change a cornerstone of his campaign and central to his proposed Cabinet picks, President-elect Joe Biden has vowed to put an end to any new oil and gas development on federal lands and federal waters.
That promise, if enacted, would severely impact Utah and seven other western states with huge chunks of federal land, with a new study predicting staggering economic losses and extreme costs to human lives
I'm shouting now!!! It's started already! Gas prices increase by 37% in just 60 days!
In 2 months price of gas had 37% increase. 18% per month. One year from now at that rate: $13/gal.
Now I don't believe it will increase at 18%/month but gas prices will increase most assuredly maybe at 10%/month...That will still be $6/gal. here in Texas!
So what does this mean to each of us that use gas?
Americans consumed 140.43 billion gallons of gasoline in 2015, or about 384.74 million gallons each day.
If prices increase in one year by 10%/month or to $6/gal that means by 1/15/22 gas expenditures would see a $254 billion increase over 2020.... minimum!

View attachment 443334
Saudi's cut back on production a week or so ago and a barrel of oil immediately went up the day after and it's just about time to change over that is done every year.
You mean Biden didn't just direct the price increase? I'm shocked. Myth normally has his hands directly on market forces.
 

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