Why do U.S. producers have to raise gas prices?

[Woodznutz]

The nub of it is, we don't drive LNG vehicles. We drive mostly on gasoline. Gasoline comes from oil. We are still oil dependent.

In other words our 'energy independence' is still only on paper.

Total Net Imports of Crude Oil and Petroleum Products into the U.S.

We import heavy crude to fill needs other than fuels. We can make all of our fuel needs from domestic oil production. The price rise of gasoline is a scam based on greed.

 

[BlindBoo]

We import heavy crude to fill needs other than fuels. We can make all of our fuel needs from domestic oil production. The price rise of gasoline is a scam based on greed.

We import more Heavy/Sour crude oil by design.

"Long before the U.S. shale boom, when global production of light sweet crude oil was declining, we made significant investments in our refineries to process heavier, high-sulfur crude oils that were more widely available in the global market. These investments were made to ensure U.S. refineries would have access to the feedstocks needed to produce gasoline, diesel and jet fuel. Heavier crude is now an essential feedstock for many U.S. refineries. Substituting it for U.S. light sweet crude oil would make these facilities less efficient and competitive, leading to a decline in fuel production and higher costs for consumers.

The ability to import AND export crude oil and refined products is good for consumers AND safeguards U.S. energy security."

Venezuelan crude was replaced by Canadian slurry and the refineries didn't have to retool. Light/Sweet WTC is shipped to the east coast for refining, not to the Texas Gulf Coast refiners.

 

[22lcidw]

Trump doesn't own any oil companies.

Trump made the choice to go into Iran. Adn the cost-of-living has increased in a huge way negating any tax breaks and causing people to suffer. The worst part there is no one else to vote for. As of now the projected deficit for 2026 is two trillion dollars. And this excursion may make it worse.

 

[Woodznutz]

We import more Heavy/Sour crude oil by design.

"Long before the U.S. shale boom, when global production of light sweet crude oil was declining, we made significant investments in our refineries to process heavier, high-sulfur crude oils that were more widely available in the global market. These investments were made to ensure U.S. refineries would have access to the feedstocks needed to produce gasoline, diesel and jet fuel. Heavier crude is now an essential feedstock for many U.S. refineries. Substituting it for U.S. light sweet crude oil would make these facilities less efficient and competitive, leading to a decline in fuel production and higher costs for consumers.

The ability to import AND export crude oil and refined products is good for consumers AND safeguards U.S. energy security."

Venezuelan crude was replaced by Canadian slurry and the refineries didn't have to retool. Light/Sweet WTC is shipped to the east coast for refining, not to the Texas Gulf Coast refiners.

We have enough light crude to make all of our gasoline. The problem is refining capacity. We have built too many refineries that only process heavy crude. Not good for the country.

 

[Woodznutz]

Trump made the choice to go into Iran. Adn the cost-of-living has increased in a huge way negating any tax breaks and causing people to suffer. The worst part there is no one else to vote for. As of now the projected deficit for 2026 is two trillion dollars. And this excursion may make it worse.

People should protest by taking action in their personal lives. I protest against the high cost of new cars by driving an old one. People could protest the high cost of medical care and insurance by taking care of their health. Many costs can be reduced by changing behaviors.

 

[EdwinAMartin]

Adn the cost-of-living has increased in a huge way negating any tax breaks and causing

Trump doesn't order any of these companies to price gouge. They do it all on their own. He isn't 'causing' anything re domestic supply and demand, but I guess people want to blame somebody for others' bad behavior and opportunism...

 

[Rawley]

Trump made the choice to go into Iran. Adn the cost-of-living has increased in a huge way negating any tax breaks and causing people to suffer.

Really? How much has your cost of living gone up in the last two months?

 

[BlindBoo]

We have enough light crude to make all of our gasoline. The problem is refining capacity. We have built our refineries to process heavy crude. Not too bright.

By the time we spend billions to retool the refiners, the shale boom will be over. Then we'll be right back up sheat creek. It's still a capitalist adventure in the USA, and we will likely never nationalize our resources.

 

[dblack]

Sounds like greed to me.

Which isn't a bad thing.

 

[dblack]

It's still a capitalist adventure in the USA, and we will likely never nationalize our resources.

Hopefully, you're right.

 

[WorldWatcher]

It's not necessary. If we are "energy independent" why not prove it?

The chaos in the ME has interrupted supplies.

International prices for crude and refined products increases.

Tankers are traveling to the US to load up and ship to other countries.

This means more oil/gas is being exported, that drives the costs up.

Glad to help.

WW

 

[Woodznutz]

The chaos in the ME has interrupted supplies.

International prices for crude and refined products increases.

Tankers are traveling to the US to load up and ship to other countries.

This means more oil/gas is being exported, that drives the costs up.

Glad to help.

WW

View attachment 1243536

Exporting more of our light crude should help bring gas prices down here.

 

[Admiral Rockwell Tory]

We import heavy crude to fill needs other than fuels. We can make all of our fuel needs from domestic oil production. The price rise of gasoline is a scam based on greed.

Just because you are terminally ignorant does not mean you should try to prove it in every post you make.

 

[Admiral Rockwell Tory]

Trump made the choice to go into Iran. Adn the cost-of-living has increased in a huge way negating any tax breaks and causing people to suffer. The worst part there is no one else to vote for. As of now the projected deficit for 2026 is two trillion dollars. And this excursion may make it worse.

So, you don't mind is a city in Israel or the US goes up in a mushroom cloud?

 

[EdwinAMartin]

By the time we spend billions to retool the refiners, the shale boom will be over. Then we'll be right back up sheat creek. It's still a capitalist adventure in the USA, and we will likely never nationalize our resources.

Nope. We're fine with Venezuelan crude ramping back up now. In fact we can stop importing that toxic waste slag from Canada soon. When the Alaskan pipeline gets finished, our Asian allies will no longer have to depend on ME oil and gas as well. Plus, if the Mullah tards keep up their juvenile refusal to surrender, we can control China's access now as well.

Trump just keeps on winning.

 

[task0778]

We import heavy crude to fill needs other than fuels. We can make all of our fuel needs from domestic oil production. The price rise of gasoline is a scam based on greed.

No, it's a business decision made to ensure the supply remains viable. It's not a scam, it's reality. Basic economics ought to tell you that when supply drops, the price goes up.

In 2022, total petroleum exports were about 9.52 million barrels per day (b/d) and total petroleum imports were about 8.33 million b/d, making the United States an annual net total petroleum exporter for the third year in a row.

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

It's not like domestic or global oil companies can arbitrarily shut down all US oil exports when the price goes up. There are contracts that are legally required to be filled, and it might be years before those contracts expire.

 

[Woodznutz]

No, it's a business decision made to ensure the supply remains viable. It's not a scam, it's reality. Basic economics ought to tell you that when supply drops, the price goes up.

In 2022, total petroleum exports were about 9.52 million barrels per day (b/d) and total petroleum imports were about 8.33 million b/d, making the United States an annual net total petroleum exporter for the third year in a row.

Oil imports and exports - U.S. Energy Information Administration (EIA)

U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.

www.eia.gov

It's not like domestic or global oil companies can arbitrarily shut down all US oil exports when the price goes up. There are contracts that are legally required to be filled, and it might be years before those contracts expire.

Lots of business decisions are based on greed.

 

[Independent thinker]

This is why the oil companies should be nationalized. Those are our resources, yours and mine, not Exxon/mobil's

You want everything nationalized.

 

[Crepitus]

You want everything nationalized.

Nope.

Healthcare and oil.