Why Is Gas So High?

[Bleipriester]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

 

[Bleipriester]

The US is producing so much gasoline, Big Oil can't sell all of it here. So they are exporting record amounts of gasoline to keep the price here artificially high. So much for the CON$ervative crap about refining capacity being so low jacking up prices because no new refineries were built in 30 years.

DRILL, BABY, DRILL
so Big Oil can
EXPORT, BABY, EXPORT

Gasoline: The next big U.S. export - Dec. 5, 2011

NEW YORK (CNNMoney) -- The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.
The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration. That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places in Europe.
But demand for gas has dropped nearly 10% in recent years. It went from a peak of 9.6 million barrels a day in 2007 to 8.8 million barrels today, according to the EIA.

Its high? Ask Trump then, why he banned the largest oil recourse then...

Average gas price when Obama left office was $2.204/gal, gas price under Tramp for 2019, the last year of complete data, was $2.60/gal.
That is a $0.40 Trump TAX on anyone who drives a car.

Again, it might have something to do with Trump´s ban of Venezuelan oil.

But Tramp says we are oil independent!!!
Was he lying as usual?

I guess he is lying again. Daily production is 13 million barrel, daily consumption is 20.

I guess he is lying again. Daily production is 13 million barrel, daily consumption is 20.

How much of that 20 is exported rather than consumed in the US?

View attachment 415921

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

.

No. You must ask how much of that 13 is exported. And oil is not equal to oil. As far as I know the US makes mostly light oil.

 

[Toddsterpatriot]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

 

[progressive hunter]

The US is producing so much gasoline, Big Oil can't sell all of it here. So they are exporting record amounts of gasoline to keep the price here artificially high. So much for the CON$ervative crap about refining capacity being so low jacking up prices because no new refineries were built in 30 years.

DRILL, BABY, DRILL
so Big Oil can
EXPORT, BABY, EXPORT

Gasoline: The next big U.S. export - Dec. 5, 2011

NEW YORK (CNNMoney) -- The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.
The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration. That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places in Europe.
But demand for gas has dropped nearly 10% in recent years. It went from a peak of 9.6 million barrels a day in 2007 to 8.8 million barrels today, according to the EIA.

I dont see 1.75 being a high price for gas,,, in fact thats about what it cost in 1981 when I started driving legally,,

 

[Toddsterpatriot]

The US is producing so much gasoline, Big Oil can't sell all of it here. So they are exporting record amounts of gasoline to keep the price here artificially high. So much for the CON$ervative crap about refining capacity being so low jacking up prices because no new refineries were built in 30 years.

DRILL, BABY, DRILL
so Big Oil can
EXPORT, BABY, EXPORT

Gasoline: The next big U.S. export - Dec. 5, 2011

NEW YORK (CNNMoney) -- The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.
The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration. That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places in Europe.
But demand for gas has dropped nearly 10% in recent years. It went from a peak of 9.6 million barrels a day in 2007 to 8.8 million barrels today, according to the EIA.

Its high? Ask Trump then, why he banned the largest oil recourse then...

Average gas price when Obama left office was $2.204/gal, gas price under Tramp for 2019, the last year of complete data, was $2.60/gal.
That is a $0.40 Trump TAX on anyone who drives a car.

Again, it might have something to do with Trump´s ban of Venezuelan oil.

But Tramp says we are oil independent!!!
Was he lying as usual?

I guess he is lying again. Daily production is 13 million barrel, daily consumption is 20.

I guess he is lying again. Daily production is 13 million barrel, daily consumption is 20.

How much of that 20 is exported rather than consumed in the US?

View attachment 415921

Frequently Asked Questions (FAQs) - U.S. Energy Information Administration (EIA)

www.eia.gov

.

No. You must ask how much of that 13 is exported. And oil is not equal to oil. As far as I know the US makes mostly light oil.

You must ask how much of that 13 is exported.

Why?

Doesn't 1 million barrels of exported gasoline count as an export?

According to the EIA, petroleum includes refined products which we export.

 

[Bleipriester]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

 

[Toddsterpatriot]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

Not true. Oil revenues increased.

Their oil revenues today are higher than before Chavez?
How much have revenues increased under Maduro?

 

[Bleipriester]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

Not true. Oil revenues increased.

Their oil revenues today are higher than before Chavez?
How much have revenues increased under Maduro?

You are trying now to blame the economic war and blockade on Maduro. In 2014, Venezuelas GDP reached an all time high, and that was under Maduro.

 

[Toddsterpatriot]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

Not true. Oil revenues increased.

Their oil revenues today are higher than before Chavez?
How much have revenues increased under Maduro?

You are trying now to blame the economic war and blockade on Maduro. In 2014, Venezuelas GDP reached an all time high, and that was under Maduro.

You are trying now to blame the economic war and blockade on Maduro.

No. I'm blaming the decrepit state of their oil industry on Chavez and Maduro.

In 2014, Venezuelas GDP reached an all time high

That is super awesome!!!!!

How does their GDP today compare to 2014?

How has their inflation been lately?

 

[Bleipriester]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

Not true. Oil revenues increased.

Their oil revenues today are higher than before Chavez?
How much have revenues increased under Maduro?

You are trying now to blame the economic war and blockade on Maduro. In 2014, Venezuelas GDP reached an all time high, and that was under Maduro.

You are trying now to blame the economic war and blockade on Maduro.

No. I'm blaming the decrepit state of their oil industry on Chavez and Maduro.

In 2014, Venezuelas GDP reached an all time high

That is super awesome!!!!!

How does their GDP today compare to 2014?

How has their inflation been lately?

Ask philanthropist Trump.

 

[Toddsterpatriot]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

Not true. Oil revenues increased.

Their oil revenues today are higher than before Chavez?
How much have revenues increased under Maduro?

You are trying now to blame the economic war and blockade on Maduro. In 2014, Venezuelas GDP reached an all time high, and that was under Maduro.

You are trying now to blame the economic war and blockade on Maduro.

No. I'm blaming the decrepit state of their oil industry on Chavez and Maduro.

In 2014, Venezuelas GDP reached an all time high

That is super awesome!!!!!

How does their GDP today compare to 2014?

How has their inflation been lately?

Ask philanthropist Trump.

Don't be afraid.

Maduro is great for Venezuela.

 

[Bleipriester]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

Not true. Oil revenues increased.

Their oil revenues today are higher than before Chavez?
How much have revenues increased under Maduro?

You are trying now to blame the economic war and blockade on Maduro. In 2014, Venezuelas GDP reached an all time high, and that was under Maduro.

You are trying now to blame the economic war and blockade on Maduro.

No. I'm blaming the decrepit state of their oil industry on Chavez and Maduro.

In 2014, Venezuelas GDP reached an all time high

That is super awesome!!!!!

How does their GDP today compare to 2014?

How has their inflation been lately?

Ask philanthropist Trump.

Don't be afraid.

Maduro is great for Venezuela.

I know. You will see on December 6th.

 

[Toddsterpatriot]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

Not true. Oil revenues increased.

Their oil revenues today are higher than before Chavez?
How much have revenues increased under Maduro?

You are trying now to blame the economic war and blockade on Maduro. In 2014, Venezuelas GDP reached an all time high, and that was under Maduro.

You are trying now to blame the economic war and blockade on Maduro.

No. I'm blaming the decrepit state of their oil industry on Chavez and Maduro.

In 2014, Venezuelas GDP reached an all time high

That is super awesome!!!!!

How does their GDP today compare to 2014?

How has their inflation been lately?

Ask philanthropist Trump.

Don't be afraid.

Maduro is great for Venezuela.

I know. You will see on December 6th.

Is Maduro going to explode on December 6th?

 

[Bleipriester]

Again, it might have something to do with Trump´s ban of Venezuelan oil.

What Venezuelan oil?
They produce less than 500,000 barrels a day.

Until Trump, the US was the largest importer of Venezuelan oil.

Until Chavez and Maduro looted their oil industry into the ground, they were
a major producer.

Not true. Oil revenues increased.

Not true. Oil revenues increased.

Their oil revenues today are higher than before Chavez?
How much have revenues increased under Maduro?

You are trying now to blame the economic war and blockade on Maduro. In 2014, Venezuelas GDP reached an all time high, and that was under Maduro.

You are trying now to blame the economic war and blockade on Maduro.

No. I'm blaming the decrepit state of their oil industry on Chavez and Maduro.

In 2014, Venezuelas GDP reached an all time high

That is super awesome!!!!!

How does their GDP today compare to 2014?

How has their inflation been lately?

Ask philanthropist Trump.

Don't be afraid.

Maduro is great for Venezuela.

I know. You will see on December 6th.

Is Maduro going to explode on December 6th?

Guaido.

 

[edthecynic]

And oil is not equal to oil. As far as I know the US makes mostly light oil.

Nope, US imports most of its light, sweet crude oil and produces mostly heavy, sour crude oils, like shake oil.

 

[edthecynic]

The US is producing so much gasoline, Big Oil can't sell all of it here. So they are exporting record amounts of gasoline to keep the price here artificially high. So much for the CON$ervative crap about refining capacity being so low jacking up prices because no new refineries were built in 30 years.

DRILL, BABY, DRILL
so Big Oil can
EXPORT, BABY, EXPORT

Gasoline: The next big U.S. export - Dec. 5, 2011

NEW YORK (CNNMoney) -- The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.
The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration. That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places in Europe.
But demand for gas has dropped nearly 10% in recent years. It went from a peak of 9.6 million barrels a day in 2007 to 8.8 million barrels today, according to the EIA.

I dont see 1.75 being a high price for gas,,, in fact thats about what it cost in 1981 when I started driving legally,,

When I started driving in the 60s it was $0.25/gal.

 

[Mr Natural]

When I started driving in the 60s it was $0.25/gal.

With a set of steak knives with every fill up!

 

[progressive hunter]

The US is producing so much gasoline, Big Oil can't sell all of it here. So they are exporting record amounts of gasoline to keep the price here artificially high. So much for the CON$ervative crap about refining capacity being so low jacking up prices because no new refineries were built in 30 years.

DRILL, BABY, DRILL
so Big Oil can
EXPORT, BABY, EXPORT

Gasoline: The next big U.S. export - Dec. 5, 2011

NEW YORK (CNNMoney) -- The United States is awash in gasoline. So much so, in fact, that the country is exporting a record amount of it.
The country exported 430,000 more barrels of gasoline a day than it imported in September, according to the U.S. Energy Information Administration. That is about twice the amount at the start of the year, and experts and industry insiders say the trend is here to stay.

The United States began exporting gas in late 2008. For decades prior, starting in 1960, the country used all the gas it produced here plus had to import gas from places in Europe.
But demand for gas has dropped nearly 10% in recent years. It went from a peak of 9.6 million barrels a day in 2007 to 8.8 million barrels today, according to the EIA.

I dont see 1.75 being a high price for gas,,, in fact thats about what it cost in 1981 when I started driving legally,,

When I started driving in the 60s it was $0.25/gal.

do you have anything more current than ancient history

 

[Dick Foster]

When I started driving in the 60s it was $0.25/gal.

With a set of steak knives with every fill up!

Or dishes and a fist full of S&H green stamps.

 

[Toddsterpatriot]

And oil is not equal to oil. As far as I know the US makes mostly light oil.

Nope, US imports most of its light, sweet crude oil and produces mostly heavy, sour crude oils, like shake oil.

Nope, US imports most of its light, sweet crude oil and produces mostly heavy, sour crude oils, like shake oil.

The United States tends to produce lighter crude oil and import heavier crude oil - U.S. Energy Information Administration (EIA)

www.eia.gov