Gas prices are going up again, but this time we probably won’t be dipping into the EMERGENCY national reserve since there is an election around the corner. The reserve is for emergencies not for improving your image right before an election. Hopefully we will never be in a position that we depend on it. Biden is a clownshow
Gas prices
- Thread starter REDbug8915
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Yeah it sucks but it's a small price to pay for stability in Europe. I'm mature enough to do my part.
Hopefully you know this has nothing to do with Biden right? It's due to OPEC cutting production.
Also, when Biden used gas from the reserves, it actually helped consumers so it wasn't beneficial strictly for his image.
So you think Biden dipped into the reserve for stability in Europe?? And not to lower the price, and improve his ratings right before the midterms???
Wow
I agree to a point, but understand that there are people in other states (California) who now have gas bills so high that it is almost not worth going to work - likely an exaggeration but it was putting a real strain on them. These are in areas like SanFran where lower-wage workers have to live over an hour from their workplace (the example I was given was airport workers - baggage handlers, etc). This was when gas was over $6.00 a gallon.
I used to think that high gas prices were an inconvenience and high Diesel prices break the economy. But high gas prices can too in some areas.
For the record I am NOT opposing the embargo/boycott/whatever of Russian oil. But it is important that people understand the true cost of higher gas prices.
I think he's referring to us not buying Russian oil. Though we could do the opposite - buy their oil. Buy ALL their oil. So they can't even fuel their jets and tanks in Ukraine.
I'm not advocating that but with the corruption in Russia, it might actually work.
Biden has allowed American oil companies to go back into Venezuela and start pumping. I like the idea of us sousrcing all of our oil from our own hemisphere. Let the saudis cozy up to the Chinese and Russians, they will end f*cked in the end.
Plus reducing some embargos on Venezuela will okey improve their economy and slow down the number of migrants coming north.
You do know that gas prices are set globally, right? With Russia's oil being blackballed on the global market, there was - and still is - essentially a shortage of ~10 million bpd that has to be accounted for. Releasing reserve stockpiles was absolutely the right choice (as was Trump buying up a shitload of fuel for the reserve back in '18 or whenever that he caught **** from the left for doing).
I'm sure he released them knowing it would positively affect his midterm numbers, but it was also the correct thing to do to prevent the global price of oil from getting out of control.
Give me more of that delicious super heavy Venezuelan crude that American refineries are SPECIFICALLY designed to process. If we can make up the 10mbpd shortage using a majority of Venezuelan oil, it's going to do great things for the domestic oil market.
It is sad that magas would rather see Biden not do things to help average Americans if it means his poll numbers might go up.
Trump over party over country
No, I think we stopped buying Russian gas, because of their illegal war in Ukraine, which most of the maga cult fully supports btw, and as a result we're having to pay more for energy elsewhere.
Y'all lost the midterms because Trump is a nightmare and because of abortion. I'm more than happy for y'all to keep on thinking it's all a big conspiracy to game the elections, but as long as you do you'll continue getting crushed in elections. Have at it.
OPEC is part of the reason gas prices have risen. We went from energy independent to dependent due to Biden’s insane green agenda.
You’re entitled to your opinion, but I think Dems were worried about the midterms and gas prices were a major reason.
The reserves were established and designed for national emergencies, not improving their image before an election!
$5.00 a gallon gas is an emergency for many. He did a good thing when it was needed regardless if it helped him or not, but that's not what swung the mid-terms
I think you're woefully under educated on the subject and should probably refrain from showing your ignorance.
And all you have to offer are insults. Is that how you prove your educated
We were not energy independent under trump. That is another lie that he got you rubes to believe. Educate yourself.
We were a net energy exporter under Trump you citybillie.
Apparently I understand the difference between your and you're.....
Second the net exporter thing
Buden crapped on supply side market economics
This EV mandate is the dumbest idea on earth
Let the markets drive EV vehicle sales and growth
There is no way infrastructure will be in place to convert to EV vehicles at the pace Biden is expecting
That’s great. That does not equate to energy independent. There are different types of energy, and still we rely on imports. We did under trump. We do under Biden.
Educate yourself you slack jawed yokel.
Go ahead and let us know what types of energy we had to import under Trump then.
Ill pass. The important thing is this. Under Trump, we were not energy independent. That is a fact. No amount of your maga ******** can change that fact.
We did become a net exporter of petroleum under trump in 2020. After covid hit. And trump shut down the country and everyone stopped driving. If you are proud of that, so be it. That same year, we continued to import from russia.
We imported heavy crude under Trump. We still import heavy crude, and have been doing it since the 50s.
We export light crude and shale. We export refined petroleum products for the chemical industry.
I’ve always enjoyed your posts on this topic - very fact based.
It amazes me people can read the information you post and link, yet still allow their beliefs to be influenced by single-agenda media narratives.
Thanks for the kind words. I try hard not to come across as an arrogant **** when i talk about O&G, but it drives me ******* crazy reading some of the armchair takes that people are passing off as gospel.
Yep. Ask a Trumper how they felt about gas prices being higher in his Presidency (pre-Covid) than the last 15 months of Obama and watch the reaction.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=emm_epm0_pte_nus_dpg&f=m
Wars are righteous when our side enters them. The dems learned a ton from the GWB 1 and 2 presidencies on warlaundering.
Trump crushing gas prices. A large piece of the puzzle in keeping inflation low. Contrast to Biden taking office and everyone putting those "i did that" stickers on the pump.
Democrats cause expensive energy due to their green energy policies.
Democrats cause expensive energy due to their green energy policies.
there are places where gas is cheaper than $2.95/gal. I just filled up at BJs in NOVA for $2.56
What was the highest you paid during the Biden admin? I remember paying close to $5 a gallon. $4.96 or something close to that.
LOLOLOLOLOLOLOLOLOLOLOLOL.
One year ago under Biden gas was $3.03. Thats a whopping $0.08 move in price due to trumps policies.
Now do the price of electricity.
Both sides, right @baltimorened ?
well, the topic of this was gas prices, so that's what I posted about.
But you brought up electric prices, so I do that next.....I'll be honest, I don't pay any attention to the costs for thermal units or whatever units electricity is measured in, I only look at the bottom line and then pay the bill. And I have 2 places and spend about 4-5 months in one and the rest of the time in the other. The former is in NOVA and the other is in Florida. I have both on an annual budget plan, so I pay the same amount each month. Both places have electric everything except gas ovens in both. So, at both places electric prices have gone higher over the past 5-6 years, but not higher than the rate of inflation (I think). To be fair, I think not being in either place helps my costs because when I'm in NOVA, for example, I have all the appliances in FL disconnected and keep the a/c at 82 degrees heat at 60. ..same thing when I'm in Fl. When I'm in Fl, I have all the appliances in NOVA disconnected and the heat at 60 and a/c at 82. I'm sorry that I can't give you a more definitive, specific answer on costs. But I'm retired and one of my caveats was no matter the cost, my wife and I will not go homeless, hungry, hot or cold. So I pay the bills and really don't pay much attention to the cost. I'm blessed.
But your point is valid, electricity costs have gone up and, IMO, will continue to increase. We've taken some of the low cost electricity producers off line, mainly coal, in favor of some higher price production. And increases in production costs along with increased demand for electricity will make the price at the retail end higher. And I project it's going to continue to go higher. But we've accepted the tradeoff of higher electric prices for cleaner environment/climate.
If I were a wise a-- I would have said that I have solar, so my electricity cost is zero...but I don't. I looked into it, but based on the amount I pay/month, the payback period would be longer than I expect to live.
One really good thing, at least from my perspective, is that I have some of you other posters at least recognizing that there are always 2 sides to every argument. Sometimes comes back to bite me, but at least it leads to more civil discussion.
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Could get on my soapbox about electricity and bad policy moves that have us where we are today. But I won’t.