posted by QuakerOats
Still up 35%, after it already sucked out an incremental $3,200 from the average household over the last year.
And it is taking a recession to get the price to decline ...............wow, how great is that.
Sorry, calling bullshit on that number.
Gas was supposedly $2.39/gallon (national average) when Trump left office despite the $1.87 to $1.83 (depending on what day it is) claims.
All we have to do is hope China keeps their crazy-ass lockdown in effect that is greatly reducing their demand on the supply. With them being a country that actually enforces that shit, the longer they keep it going on the poor drones in that place, the better it will be for our prices.
posted by queencitybuckeyeSorry, calling bullshit on that number.
Hey, for all you know, the average household is solely composed of cross country truckers!
posted by geeblockGas 2.89 today! Thanks biden!!
(Cue jmog telling me the president has no influence over gas prices)
Unless you were here complaining about Biden when it was >$4/gal you can’t cheer him when it’s <$3/gal.
I don’t remember you on here blaming Biden for $4….
posted by jmogUnless you were here complaining about Biden when it was >$4/gal you can’t cheer him when it’s <$3/gal.
I don’t remember you on here blaming Biden for $4….
Maybe he’s not cheering him and only being sarcastic. Maybe he understands that a president has virtually no effect in current gasoline prices.
posted by Dr Winston O'BoogieMaybe he’s not cheering him and only being sarcastic. Maybe he understands that a president has virtually no effect in current gasoline prices.
They can’t control, but saying there is no effect or virtually no effect is laughable.
QO is a moron who thinks the POTUS controls gas prices. He’s wrong.
Anyone who says the President has no effect is just as wrong.
The overarching policies around the country that are steered by POTUS and Congress absolutely affect gas prices. A President can be “friendly” to certain industries and “unfriendly”. For instance, they could say “drill everywhere” vs “no new drilling leases” and the first would increase supply, the other would restrict it.
That would affect prices at the pump.
People saying a President’s policies have no or virtually no effect on gas prices are as uninformed as those saying a President controls gas prices.
posted by jmogThey can’t control, but saying there is no effect or virtually no effect is laughable.
QO is a moron who thinks the POTUS controls gas prices. He’s wrong.
Anyone who says the President has no effect is just as wrong.
The overarching policies around the country that are steered by POTUS and Congress absolutely affect gas prices. A President can be “friendly” to certain industries and “unfriendly”. For instance, they could say “drill everywhere” vs “no new drilling leases” and the first would increase supply, the other would restrict it.
That would affect prices at the pump.
People saying a President’s policies have no or virtually no effect on gas prices are as uninformed as those saying a President controls gas prices.
I never said he "controls gas prices".
The policies of any administration create the environment for the industry; they can either be accommodating, neutral, or hostile. When the policies are hostile, the prices will ultimately rise. It is not (total) "control" (your word); it does SUBSTANTIALLY affect prices.
posted by queencitybuckeyeSorry, calling bullshit on that number.
It is $2,200 (not $3,200)
posted by queencitybuckeyeSorry, calling bullshit on that number.
It is $2,200 incremental (not $3,200)
posted by jmogThey can’t control, but saying there is no effect or virtually no effect is laughable.
QO is a moron who thinks the POTUS controls gas prices. He’s wrong.
Anyone who says the President has no effect is just as wrong.
The overarching policies around the country that are steered by POTUS and Congress absolutely affect gas prices. A President can be “friendly” to certain industries and “unfriendly”. For instance, they could say “drill everywhere” vs “no new drilling leases” and the first would increase supply, the other would restrict it.
That would affect prices at the pump.
People saying a President’s policies have no or virtually no effect on gas prices are as uninformed as those saying a President controls gas prices.
I said they have no effect on current prices. An administration's policies certainly can effect the long-term supply and demand balance. But to suggest that a president does something that causes prices to go up or come down in the immediate near term is false. For example, Biden didn't do anything that caused prices to go up to almost $5/gallon this past summer (even though the stickers said he did) and he didn't do anything to make them go down $2 since. The international oil spot market dictates these swings.
posted by Dr Winston O'BoogieI said they have no effect on current prices. An administration's policies certainly can effect the long-term supply and demand balance. But to suggest that a president does something that causes prices to go up or come down in the immediate near term is false. For example, Biden didn't do anything that caused prices to go up to almost $5/gallon this past summer (even though the stickers said he did) and he didn't do anything to make them go down $2 since. The international oil spot market dictates these swings.
Current prices are also effected by speculation almost as much as current supply/demand.
If a President made a huge announcement saying something stupid like “I am shutting down all drilling in the US”
That wouldn’t affect supply/demand immediately but the prices would change immediately due to speculation and futures. Because they would try to manipulate the demand in expectation/speculation of future supply problems due to the statement.
You have to understand this right?
And effectively putting enemies and foreign despots in charge of our oil supply is right up there with the most idiotic things these jackasses have done.
posted by jmogCurrent prices are also effected by speculation almost as much as current supply/demand.
If a President made a huge announcement saying something stupid like “I am shutting down all drilling in the US”
That wouldn’t affect supply/demand immediately but the prices would change immediately due to speculation and futures. Because they would try to manipulate the demand in expectation/speculation of future supply problems due to the statement.
You have to understand this right?
Yes, I suppose if a president said he was shutting down all drilling, or that he was declaring nuclear war, or some other outlying circumstance, that could affect prices. But that’s not what’s happening.
posted by Dr Winston O'BoogieYes, I suppose if a president said he was shutting down all drilling, or that he was declaring nuclear war, or some other outlying circumstance, that could affect prices. But that’s not what’s happening.
They basically stopped holding auctions and issuing new permits. That satisfies the far left of the party. And then they gaslight everyone else claiming "9000 unused permits" is the same as saying there are proven wells just waiting to be drilled.
And then Biden goes and begs the Saudi's to pump more oil.
Reality is it takes a minimum of 2+ years from auction to actually producing oil (up to a decade or more for deep offshore rigs).
One of many missteps that ultimately will lead to much higher prices in the future. There isn't some magic knob to turn production on and off. When prices start rising again in the near future, real relief will be years away because the Biden Admin has crushed development and exploration.
posted by jmog
You have to understand this right?
Try not assuming you’re smarter than everyone around you - even for a day. It’ll open your ears a bit. You will realize there are a lot of intelligent people out there - some in the most unexpected places. Might even make you some friends.
posted by jmogCurrent prices are also effected by speculation almost as much as current supply/demand.
I'm not sure how accurate that is with oil. It's unique in at least two respects:
Production is very inelastic - you don't just flip a switch for "surge" demand. Arbitrage is limited by the fact there's not a lot of storage capacity (the system is mainly designed to operate efficiently at a relatively constant supply). This is why the price was briefly negative during the pandemic - there was nowhere to store it and sell at a later date when the prices normalized. Speculators were tripping all over themselves to take advantage, even trying to buy tanker trucks. The fact the price still went negative tells you the speculators are completely dominated by market factors.
OPEC effectively lost its ability to control price decades ago when places like US, Russia and some South American countries became major players. So, yeah, there's plenty of speculation but it's very hard to move prices from basic supply/demand fundamentals.
Afghan refugees may not be granted citizenship!
Waiting for QO to tell me what I'm outraged about and who I should be outraged at....
posted byWaiting for QO to tell me what I'm outraged about and who I should be outraged at....
What: NIL tampering
Who: Megan Markle
posted by gutAfghan refugees may not be granted citizenship!
Waiting for QO to tell me what I'm outraged about and who I should be outraged at....
Not sure what you're talking about, but have a great weekend.
