Why are gas prices going up?

[AirBonner]

Anyone know why? ;)

[MaxPlayer]

Must be those darn greedy businessmen.

[ItsMillerTime]

Has to be Biden. HAS TO BE

[Axe]

Orange man

[FultzNationRISE]

Has to be Biden. HAS TO BE


Lol I know right. What a silly implication.

Anyone with a functioning brain knows it’s still Orange Hitler’s fault somehow ;)

[JohnnySic]

https://pbs.twimg.com/media/EtbI_8OXMAIbKeQ?format=jpg&name=small

https://pbs.twimg.com/media/Eta8ifJUYAIz2ce?format=jpg&name=medium

[paksat]

https://pbs.twimg.com/media/EtbI_8OXMAIbKeQ?format=jpg&name=small

https://pbs.twimg.com/media/Eta8ifJUYAIz2ce?format=jpg&name=medium

lmao that's so sick

[baudkarma]

Anyone know why? ;)

Sure. Gas prices were artificially low during the height of COVID-19 because nobody was driving. Refineries were backed up, tankers couldn't find a place to unload their cargo. Refineries were dumping gas onto the market because it cost more to keep that crude oil on the tanker that it did to dump that oil at a loss.

Now people are driving more.

Gas prices nationwide are still way below where they were before the 'rona bit our ass. I remember gas prices over $3 a gallon.

[BigKobeFan]

Sure. Gas prices were artificially low during the height of COVID-19 because nobody was driving. Refineries were backed up, tankers couldn't find a place to unload their cargo. Refineries were dumping gas onto the market because it cost more to keep that crude oil on the tanker that it did to dump that oil at a loss.

Now people are driving more.

Gas prices nationwide are still way below where they were before the 'rona bit our ass. I remember gas prices over $3 a gallon.

How is that artificially low? Its start supply and demand economics

[bladefd]

Sure. Gas prices were artificially low during the height of COVID-19 because nobody was driving. Refineries were backed up, tankers couldn't find a place to unload their cargo. Refineries were dumping gas onto the market because it cost more to keep that crude oil on the tanker that it did to dump that oil at a loss.

Now people are driving more.

Gas prices nationwide are still way below where they were before the 'rona bit our ass. I remember gas prices over $3 a gallon.

Yup, demand starts to rise and so do the prices. When demand was low across 2020, so were the prices. Both supply and demand can impact the price. It's basic economics.

Price goes up if demand goes up and/or supply goes down. Supply is currently overbloated to the point that they had to slow down oil extraction around the world for 7-8 months. Difference is that the demand is going up now globally so that is driving up the price.

Price goes down if demand goes down and/or supply goes up. We had demand go down in 2020, but supply has been pretty much the same across the US. Demand dropping is why the price fell, and lack of demand caused supply to eventually go up from waiting tankers bringing in oil that wasn't getting used. That further dropped the prices.

Regardless, oil prices are low still. They will go up more as more people get vaccinated and people begin to travel/drive more. Demand will go up further.

[paksat]

Yup, demand starts to rise and so do the prices. When demand was low across 2020, so were the prices. Both supply and demand can impact the price. It's basic economics.

Price goes up if demand goes up and/or supply goes down. Supply is currently overbloated to the point that they had to slow down oil extraction around the world for 7-8 months. Difference is that the demand is going up now globally so that is driving up the price.

Price goes down if demand goes down and/or supply goes up. We had demand go down in 2020, but supply has been pretty much the same across the US. Demand dropping is why the price fell, and lack of demand caused supply to eventually go up from waiting tankers bringing in oil that wasn't getting used. That further dropped the prices.

Regardless, oil prices are low still. They will go up more as more people get vaccinated and people begin to travel/drive more. Demand will go up further.

oh hush, gas prices have been low since about 8-9 months into trumps presidency.

lol @ blaming the pandemic when the prices hardly changed if at all. The only real change has been about 2 weeks before trump left office, same ole same ole is back in business now. But we'll blame trump for being in bed with politicians and russia and lol w/e else you wanna dream up.

[paksat]

Sure. Gas prices were artificially low during the height of COVID-19 because nobody was driving. Refineries were backed up, tankers couldn't find a place to unload their cargo. Refineries were dumping gas onto the market because it cost more to keep that crude oil on the tanker that it did to dump that oil at a loss.

Now people are driving more.

Gas prices nationwide are still way below where they were before the 'rona bit our ass. I remember gas prices over $3 a gallon.

lol @ this lying, gas prices have been low for almost 4 years.

[JohnnySic]

All kidding aside, the price of gas is based on the spot price of crude, which is all market driven, long vs short futures. I look for crude to drop a lot in the near future.

[Jasper]

I have been watching a lot since Trump left --
Prices of gas went up when Trump was President...
Prices have stabilized or have gone down since Biden.
/

[BigKobeFan]

I have been watching a lot since Trump left --
Prices of gas went up when Trump was President...
Prices have stabilized or have gone down since Biden.
/

That is a straight ****ing lie

[bladefd]

oh hush, gas prices have been low since about 8-9 months into trumps presidency.

lol @ blaming the pandemic when the prices hardly changed if at all. The only real change has been about 2 weeks before trump left office, same ole same ole is back in business now. But we'll blame trump for being in bed with politicians and russia and lol w/e else you wanna dream up.

So you are claiming oil prices per gallon were higher under Obama but lower under Trump? And they are climbing back up since January 20? Is that your claim?

[coin24]

So you are claiming oil prices per gallon were higher under Obama but lower under Trump? And they are climbing back up since January 20? Is that your claim?


Orange man bad..

This loser never quits :lol

[paksat]

So you are claiming oil prices per gallon were higher under Obama but lower under Trump? And they are climbing back up since January 20? Is that your claim?

How is this a claim?

Gas prices peaked under obama at $5.75

from 2011 through 2014 the prices were averaging over $4 a gallon at the pump, this isn't a claim this is a FACT.

[paksat]

That is a straight ****ing lie

I mean it's like they think we don't pump gas and pay attention to prices or something lol, it's literally an all out lie.

[bladefd]

How is this a claim?

Gas prices peaked under obama at $5.75

from 2011 through 2014 the prices were averaging over $4 a gallon at the pump, this isn't a claim this is a FACT.

-Oil prices were under $2 from December 2014 to January 2018 before rising to around $2 from April 2018 to January 2020. Last I checked, Obama was president until January 2017.
-Across 2020 covid year, they have been the lowest since 2009 economy crash.
-They are currently around $1.50, which is the lowest they have been since August 2017.

https://www.macrotrends.net/2479/heating-oil-prices-historical-chart-data

What were you claiming again?

[paksat]

-Oil prices were under $2 from December 2014 to January 2018 before rising to around $2 from April 2018 to January 2020. Last I checked, Obama was president until January 2017.
-Across 2020 covid year, they have been the lowest since 2009 economy crash.
-They are currently around $1.50, which is the lowest they have been since August 2017.

https://www.macrotrends.net/2479/heating-oil-prices-historical-chart-data

What were you claiming again?

So we'll just ignore the red tape that goes along with your claim aka the deal Trump had with the middle east and the de-regulation allowing American companies to compete again. Fake news.

[paksat]

idk why I'm even bothering since you and that other guy have already proven you're willing to lie but:

"However, this year President Trump did indeed impact gasoline prices.

Gasoline prices fell sharply because oil prices collapsed. President Trump influenced that by conning Saudi Arabia into increasing production and then letting Iran continue to export oil."

https://www.forbes.com/sites/rrapier/2019/01/11/gasoline-prices-under-presidents-bush-obama-and-trump/?sh=363e34221f71

just one of the many things that actually DO influence it, not just supply and demand. Which if that was the case, prices would have never gone down for oil until covid hit as more people are on this planet than ever before.

[BigKobeFan]

-Oil prices were under $2 from December 2014 to January 2018 before rising to around $2 from April 2018 to January 2020. Last I checked, Obama was president until January 2017.
-Across 2020 covid year, they have been the lowest since 2009 economy crash.
-They are currently around $1.50, which is the lowest they have been since August 2017.

https://www.macrotrends.net/2479/heating-oil-prices-historical-chart-data

What were you claiming again?

I dont need a news article to tell me prices have gone up since biden took office.

[bladefd]

So we'll just ignore the red tape that goes along with your claim aka the deal Trump had with the middle east and the de-regulation allowing American companies to compete again. Fake news.

Address the patterns on the chart I linked to.

[bladefd]

I dont need a news article to tell me prices have gone up since biden took office.

Gone up since the 4 Trump years? Link?

[paksat]

up to $2.79 in my area now

over $4.00 in southern california for premium now

not even much of a month after trump steps down, but but but but but but but biden has nothing to do with it! It's all supply and demand! It's (D)ifferent circumstances now!

from an article, "The national gas price average is likely to hit the $3 mark by Memorial Day and hover around that price for the majority of the summer, Antrican said."

get ready idiots, get ready for this economy to fall in a sink hole.

[Axe]

Do you guys even drive a car, let alone own one, for this stuff to matter in your lives?

[Rocket]

The Texas deep freeze has played a part in gas prices gong up. A lot of gasoline is produced on the Gulf coast. Those refineries are not set up to handle temperatures in the teens. Many are still down making repairs. Don't get me wrong, dumbass Biden's actions absolutely will make gas prices go up however there are other factors that have impacted the price more than stupid policies from a man who has not even been in office (albeit illegitimately) for two whole months.

[paksat]

Do you guys even drive a car, let alone own one, for this stuff to matter in your lives?

I have a mercedes benz e350

I dare you to ask for proof

[Axe]

I have a mercedes benz e350

I dare you to ask for proof
Oh i see.

EVs are going to be much more common in the future.

[paksat]

The Texas deep freeze has played a part in gas prices gong up. A lot of gasoline is produced on the Gulf coast. Those refineries are not set up to handle temperatures in the teens. Many are still down making repairs. Don't get me wrong, dumbass Biden's actions absolutely will make gas prices go up however there are other factors that have impacted the price more than stupid policies from a man who has not even been in office (albeit illegitimately) for two whole months.

refineries are down roughly 20% sure, you are correct.

you know what else is correct? Gas prices would and were still going up before that happened. Gas prices will still be going up after the refineries are fully going again as well.

[paksat]

Oh i see.

EVs are going to be much more common in the future.

oh thanks, that makes everything better for sure. Will definitely vote democrat from here on out due to sound reasonings.

[Axe]

oh thanks, that makes everything better for sure. Will definitely vote democrat from here on out due to sound reasonings.
Yea, shouldn't worry about gas prices anymore once that becomes the case.

[Patrick Chewing]

If you have anywhere between an 18-20 gallon tank in your car/truck, you are paying $20-$25 more every time you fill up than you were this time a year ago. Insane.

[TeflonDonTrump]

If you have anywhere between an 18-20 gallon tank in your car/truck, you are paying $20-$25 more every time you fill up than you were this time a year ago. Insane.

Look at the stock markets too. Biden is crashing this economy

[bladefd]

The Texas deep freeze has played a part in gas prices gong up. A lot of gasoline is produced on the Gulf coast. Those refineries are not set up to handle temperatures in the teens. Many are still down making repairs. Don't get me wrong, dumbass Biden's actions absolutely will make gas prices go up however there are other factors that have impacted the price more than stupid policies from a man who has not even been in office (albeit illegitimately) for two whole months.

That's one reason. Here's another big reason too:

OPEC oil production cut is still intact, even as the demand goes up. https://finance.yahoo.com/news/oil-market-counts-down-critical-234144893.html

When demand went down big time last year, opec decided to significantly curb down oil production globally. OPEC has not yet opened up the oil production limits and just said they won't be. What happens when oil demand goes up but production stays curbed?? PRICE GOES UP.

/thread

[Patrick Chewing]

blade will make any excuse for his Liberal overlords. Those knee pads you wear must be wearing thin, blade.

[bladefd]

blade will make any excuse for his Liberal overlords. Those knee pads you wear must be wearing thin, blade.

Read that article I linked. Hell, go Google up "opec oil" and you will see multiple articles explaining why oil prices are going up. I just post the facts and truth.

[paksat]

Read that article I linked. Hell, go Google up "opec oil" and you will see multiple articles explaining why oil prices are going up. I just post the facts and truth.

I'll play for a moment


So, where is the most powerful man in all the world during all this? And what is he doing? Trump did get in the middle of this if you haven't forgotten. He got in the middle of a lot of this with other nations, and no i'm not talking about oil i'm talking about many other things.

Where is biden? Does he do anything but lie about stimulus checks, touch little children, and collect paychecks?

[~primetime~]

Oil is actually in it's 'sweet spot' currently...which is between $60-$70

That is where it is cheap enough to make driving affordable and expensive enough to keep the oil industry healthy.

previous to this the oil industry crashed...oil was dirt cheap, stock piles enormous...and the US is actually the #1 producer of oil in the world which hurts


prices going up is actually a really good sign for the economy...means we are out driving again!

[bison]

I guess some of you are under the impression a president has any control over gas prices. Besides gas in America is cheap compared to most developed nations yet you traffic cucks still complain.

[bladefd]

I'll play for a moment


So, where is the most powerful man in all the world during all this? And what is he doing? Trump did get in the middle of this if you haven't forgotten. He got in the middle of a lot of this with other nations, and no i'm not talking about oil i'm talking about many other things.

Where is biden? Does he do anything but lie about stimulus checks, touch little children, and collect paychecks?

Trump didn't do anything to get in the middle of it. It was OPEC, which is very powerful organization. They control the global supply and oil barrel prices. Take it up with them. Biden doesn't control OPEC either. If opec opens up the oil supply then oil prices would plummet again, but they don't want to. They prefer oil prices to go up. Biden can't make opec to do what he wants - this is not American exceptionalism where you roll in with destroyers and aircraft carriers to threaten opec

[Patrick Chewing]

I guess some of you are under the impression a president has any control over gas prices.

Of course they are. Do you even know what fracking is? When a President bans fracking like Biden did, oil costs go up.

[~primetime~]

Of course they are. Do you even know what fracking is? When a President bans fracking like Biden did, oil costs go up.

yeah that's not what happened, for fracking to even be profitable oil prices need to be where they are now...when oil prices are low half the fracking industry is out of a job

Trump was literally fighting for higher oil prices during covid and if he were in office today he would be gloating on them and how he saved the oil industry

In the pipeline thread you guys were complaining about lost jobs...but now the oil industry is FINALLY recovering and you are complaining about it

[paksat]

I guess some of you are under the impression a president has any control over gas prices. Besides gas in America is cheap compared to most developed nations yet you traffic cucks still complain.

lmao gas in most countries that produce their own oil is cheaper than crackers.

[paksat]

Trump didn't do anything to get in the middle of it. It was OPEC, which is very powerful organization. They control the global supply and oil barrel prices. Take it up with them. Biden doesn't control OPEC either. If opec opens up the oil supply then oil prices would plummet again, but they don't want to. They prefer oil prices to go up. Biden can't make opec to do what he wants - this is not American exceptionalism where you roll in with destroyers and aircraft carriers to threaten opec

so you mean something like sanctions don't do anything? Is that what you're telling me?

[bladefd]

so you mean something like sanctions don't do anything? Is that what you're telling me?

Sanction who? All of the OPEC nations? They produce something like more than 50% of the world's oil, and they set the global oil prices/production/distribution. If you put pressure on them, prices go up even more :oldlol:

Anyways, OPEC decided this week that they will not be increasing production anytime soon. OPEC will not meet again until early April. Demand is picking up globally, especially as more businesses open up & more vaccines are given (travel restrictions will slowly begin to open up), so be ready for oil prices to go up even more.

On top of that, our Texas oil refineries had to slash production too in last 2 weeks due to the cold spell. Some are still severely impacted and down, going through repairs and/or slowly being opened up.

[bladefd]

Actually, OPEC has control over 80% of the world's oil reserves. The US is just a mosquito when it comes to oil pricing.

https://www.opec.org/opec_web/static_files_project/images/content/data_graphs/GRAPH%20OPEC%20share%20world%20crude%20oil%20reser ves%202018.jpg

[Jasper]

just rolled thru a town with 2.50 a gallon (I really don't give a shit)

[Patrick Chewing]

just rolled thru a town with 2.50 a gallon (I really don't give a shit)

That's cause you don't drive anymore, grandpa. That was the community bus taking you around town.

[paksat]

Sanction who? All of the OPEC nations? They produce something like more than 50% of the world's oil, and they set the global oil prices/production/distribution. If you put pressure on them, prices go up even more :oldlol:

Anyways, OPEC decided this week that they will not be increasing production anytime soon. OPEC will not meet again until early April. Demand is picking up globally, especially as more businesses open up & more vaccines are given (travel restrictions will slowly begin to open up), so be ready for oil prices to go up even more.

On top of that, our Texas oil refineries had to slash production too in last 2 weeks due to the cold spell. Some are still severely impacted and down, going through repairs and/or slowly being opened up.

yes, every fcking one of them

what are they gonna do about it? Declare war?

they're declaring war economically with these bullshit prices while they have 3 story garages full of ferrari's and they're working on their 5th ship, not yacht, SHIP

but you're okay with that, and that's cool

[bladefd]

yes, every fcking one of them

what are they gonna do about it? Declare war?

they're declaring war economically with these bullshit prices while they have 3 story garages full of ferrari's and they're working on their 5th ship, not yacht, SHIP

but you're okay with that, and that's cool

If you sanction all of the opec+ countries, oil prices would go up even more. We would be shooting ourselves in the foot as higher prices are passed onto the consumers just like the Trump tariffs. Do you not understand that?

Opec+ is too powerful. This is why we need to push away from oil. Electric cars and renewable energy.

[GrayGoat]

Gas is now a full dollar more per gallon than I was paying 3 months ago

[paksat]

If you sanction all of the opec+ countries, oil prices would go up even more. We would be shooting ourselves in the foot as higher prices are passed onto the consumers just like the Trump tariffs. Do you not understand that?

Opec+ is too powerful. This is why we need to push away from oil. Electric cars and renewable energy.

so let's just get pushed around by a bunch of small mostly camel riding nations is what you're saying? There's NOTHING we can do about it, even tho we put a robot on mars, as the most powerful country in the world but switch to a different type of energy?

[bladefd]

so let's just get pushed around by a bunch of small mostly camel riding nations is what you're saying? There's NOTHING we can do about it, even tho we put a robot on mars, as the most powerful country in the world but switch to a different type of energy?

So go to war with all of the OPEC+ countries? Is that your solution to bring down the oil prices a little bit? Brilliant solution. Let's get those warships ready for ww3.

[paksat]

So go to war with all of the OPEC+ countries? Is that your solution to bring down the oil prices a little bit? Brilliant solution. Let's get those warships ready for ww3.

maybe we should charge $1000 for a pound of wheat then, would that be more fair to everyone? Because that's what your beloved OPEC nations are doing to us consider the oil they have in reserves