Why is nobody talking about the surge in gas prices?

BigBusa

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Here near atlanta it is up 40 cents in the last 30 days. In Troy NY, 50 cents in 30 days. All over the country gas prices are surging huge amounts and no one is saying a word. Not a single news story. Is this the biden administrations way of taxing the "rich" so they can give to the poor?
 

scottcolbath

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$2.75 in Phoenix. It's gone up about 40 cents per gallon in the past month. Killing the pipeline likely caused the surge.

S.C.
 
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gobrian77

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$2.75 in Phoenix. It's gone up about 40 cents per gallon in the past month. Killing the pipeline likely caused the surge.

S.C.
That might have an effect in a year or two, but existing pipelines aren't even at capacity due to the lower demand for oil in 2020. Now that demand is increasing, production is ramping up to meet it, but it's behind- around a dozen refineries in the US closed or scaled back in 2020, reducing production capacity by millions of barrels per day. It takes a while to bring them back on line, if that's even going to happen.

It's easy to blame Biden, but the price increase was bound to happen once things started rolling again- if the travel industry recovers to a decent degree in 2021, prices are gonna get worse, especially in summer. This is 2020 fall-out- it's not Trump's fault either, it was just the fact of lower demand causing prices and production to drop, and the corresponding rise in both once recovery began. If Trump had won, prices would still be increasing.
 

gobrian77

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Demand goes up, prices go up- it's how it's always been. The US has always imported a huge amount of oil- in 2019, the number was 9.14mil barrels per day (2020 doesn't really count for anything- oil, unemployment, GDP- it's completely aberrant)- . The shutting down of the pipeline or drilling permits didn't cause the current situation- it might have an effect later, but not this soon.

 

scottcolbath

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That might have an effect in a year or two, but existing pipelines aren't even at capacity due to the lower demand for oil in 2020. Now that demand is increasing, production is ramping up to meet it, but it's behind- around a dozen refineries in the US closed in 2020, reducing production capacity by millions of barrels per day. It takes a while to bring them back on line, if that's even going to happen.

It's easy to blame Biden, but the price increase was bound to happen once things started rolling again- if the travel industry recovers to a decent degree in 2021, prices are gonna get worse, especially in summer. This is 2020 fall-out- it's not Trump's fault either, it was just the fact of lower demand causing prices and production to drop, and the corresponding rise in both once recovery began. If Trump had won, prices would still be increasing.
I figured this was a speculative bump in prices, which happens when the news comes out, like the pipeline being killed.

S.C.
 
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Now's the best time to buy oil stocks and stock on energy, thanks to Uncle Biden we will be bent over for Four years, buy some K-Jell too.
 

WarpSpeed

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Couple customers at a local gun shop were bitching about ammo going up $2.00 per box of 50 compared to the last time they were in, which was 5 weeks ago according to one of the guys. I asked them if they pitched the same kind of fit at gas stations every few days because gas has gone up over 60 cents per gallon since Christmas. Told them to be thankful the ammo is available and if they didn't want it, I'd take their share! Bunch of muttering sonsabitches. :lol:
 

gobrian77

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Yes, for the month of September 2019, but, for that year, the US was still a net importer (though not by that much). The yearly numbers are in the link I posted. The 'net exporter' run lasted until April 2020, when the US became a net importer again- this, again, has to do with the fucked-up Covid deal, and US refineries cutting production due to worldwide drops in consumption (meaning less demand for US oil exports). Biden's cuts won't help with regaining net exporter status, but they can't be blamed for what's currently happening. Things were looking really good at the end of 2019...

 

gobrian77

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Why is nobody talking about surging gas prices?

Probably because a lot of people are work from home and have very few places to go in the China virus era
Right, which is why the prices were so low in 2020- greatly decreased demand. Take the aviation industry- US airlines consumed 18.27 billion gallons of fuel in 2019- in 2020, consumption was 10.28 billion gallons, a huge drop. For the whole US as far as gasoline for motor vehicles goes, the 2020 consumption chart is WAY down from previous years- now that demand is increasing, production is ramping up to meet it, and prices are going up:

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gobrian77

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They're up here about 15 cents in the last month, and about 50 cents since November. It's a worldwide thing- the situation is improving (as far as people getting back to their lives goes), and more cars are on the road.
 
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It was $4 a gallon under Bush Jr.
That's like $8 in today's money.

Back then I was told presidents don't control fuel prices and it was my fault for driving too much.
I quit driving 15,000 miles a year around that time. I'm lucky to hit 5k miles ayear.
 

agri

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Our socialist black face retard has effectively killed our big oil yet the slimy puke needs to buy 1/3 of our oil from the rag heads and Venezuela. High gas price, high transportation costs, equals high food costs. At Costco a pack of 3 sirloin steaks was $27 last year. Now it's around $ 45. Our economy is dead, wages are down and watch as inflation kicks in. The perfect storm is now Biden and trudeau. 2 complete fuck ups with a combined IQ of 20. Our debt is so high now I can't see us coming out of this, ever.
 

r1racer

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Beijing biden will help raise prices... and call it "green" efforts.... to further enslave the American people.....

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Your Car Is Slow

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good thing gas and oil companies arent super huge corporations with billions in profits and ultra rich CEOs that all benefit from these price increases....

they would need to be shut down....help out the little guy! or whatever ultra idiotic chant liberals are using these days to point out how big companies make too much money on the backs of us po folk.
 
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