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Gasoline Gasoline!

GromsDad

GromsDad

Duke status
Jan 21, 2014
55,025
16,835
113
West of the Atlantic. East of the ICW.
GromsDad said:
Another Biden bid to curb oil supplies that’s sure to raise gas prices even more

Team Biden is now aiming to block new drilling in the Atlantic, Pacific and possibly much of the Gulf of Mexico. No doubt he’ll blame Vladimir Putin, gas companies and Republicans when gas spikes yet again as a result.

What a nightmare. Last week, the Interior Department announced (on the Friday before July 4, as folks prepped for the holiday weekend) that it wants to include a ban on that new drilling in its five-year plan, though it might allow an expansion in the Gulf of Mexico and Alaska’s south coast.

The plan is still being worked out, but one version allows just 11 oil-lease sales over the course of five years, while another would abandon new lease sales entirely. That’s not encouraging.

Meanwhile, President Joe Biden claims he’s doing everything he can to increase supplies and lower prices. And blames US companies for not pumping more.

Sure, even if new drilling projects got an OK now, they wouldn’t get oil to market and drive down prices any time soon. But why should companies risk investing more even in current operations, knowing that Biden and his fellow Democrats are aiming to shut them down at some point?

Remember, Biden vowed to “end fossil fuels,” and since taking office, he’s worked to keep that vow: He halted federal lease sales, canceled the Keystone XL Pipeline, threatened banks to stop aiding fossil-fuel companies and imposed countless restrictions on production. Does anyone think this was meant to increase supplies and bring down prices?

Alas, neither soaring inflation nor Putin’s war nor the desperate pleas of besieged Americans nor even the dismal electoral prospects for the Democratic Party will get him to change course. He’ll keep his word to the climate-change warriors no matter what. And to hell with everyone else.

nypost.com

Another Biden bid to curb oil supplies that’s sure to raise gas prices even more

No doubt President Biden will blame Vladimir Putin, gas companies and Republicans when gas spikes yet again as a result.
nypost.com nypost.com
Click to expand...
Quoting my prior post as @hal9000 either didn't read it or isn't bright enough to comprehend.
 
afoaf

afoaf

Duke status
Jun 25, 2008
49,771
23,399
113
the way grommerdad spazzed out about offshore windmills, I'm sure he'd be totally cool with oil rigs in his ocean view....

drilling for thee, but not for mee!
 
D

Driftcoast

Michael Peterson status
Aug 5, 2002
3,468
957
113
S

Surfdog

Duke status
Apr 22, 2001
21,817
2,034
113
South coast OR
Oil price dropped barely under $100 a few days ago, but are now back up over $100 (around $105 give or take).

That dropping trend (to $98-$99 a barrel last week) in the last 2-3 weeks helped gas prices come down "some".

When oil prices basically double in the last 12-18 months and stay there, gas prices also eventually double and start staying there, which they did early last month (from around $2.50 in early 2021 to $5.00, USA average in June 2022). When oil topped out around $115-$125 a barrel and hovered over $100 since March, gas eventually caught up and we had $5 a gallon, USA average. This is all record price hike activity, and unprecedented, at least since the 70's.

That gas price trend eventually topped out (early June), when oil price stalled out in the $100-$110 range, after rocketing from $75-$90 Jan-March 1 or so (gas prices were already rocketing up thru 2021 due to Biden's domestic oil policies)

If oil stays back above $100 a barrel in the foreseen future, gas prices will only come down so much and stay there, if not creep back up again.

The main reason oil and gas prices dropped some the last few weeks, is recession fears are growing more each new day. That means less demand in the near and not so distant future, along with other negative impacts of a recession.

But, I don't see gas prices dropping anywhere near $4 a gallon as a USA average. LA will be lucky to get back to $5 a gallon anytime soon (average for area). Gas prices will STILL be way above (60-70%) where it was just a year ago.

High inflation (from high oil/gas prices), and the resulting recession that seems almost certain now, is a direct result of Biden's negative stance, policies and promises to curtail future USA domestic oil production.

We've been the number 1 producer of oil, globally, the last few years now, and any signal to the global markets we're going to go backwards on that rank, mean the world will need other sources sooner than earlier depended on. Hence the doubling of oil price in the last 18 months on the world markets. Some other minor issues are also at play, but Biden's negative stance on USA oil production is the main and major factor in where/why we're having high gas prices today.

But, lets go beg the Saudi's to produce more oil, while we're sitting on more than we need for decades.

NIMBY hypocrisy to the max.

And we also need more refineries, since they been operating near 100% constantly, yet we have many, many millions more people since the last ones were built, still needing gas to get to work and back. But NO to that too. That's not even an option.

Every move the Biden admin makes is worse than the one before. Too little, too late and the most micro-managed reactive admin in most lifetimes. Pro-active decisions are not even in their vocabulary.
 
Last edited:
S

Surfdog

Duke status
Apr 22, 2001
21,817
2,034
113
South coast OR
afoaf said:
when they sold it to Italians was it because Hunter was on an Italian company's board?

when it went to India and the Netherlands, was that also because Hunter is on the boards of Indian and Nederlandonian companies?

why are you such a clown?

www.reuters.com

Oil from U.S. reserves sent overseas as gasoline prices stay high

More than 5 million barrels of oil that were part of a historic U.S. emergency reserves release to lower domestic fuel prices were exported to Europe and Asia last month, according to data and sources, even as U.S. gasoline and diesel prices hit record highs.
www.reuters.com www.reuters.com

About 1 million barrels per day is being released from the Strategic Petroleum Reserve (SPR) through October. The flow is draining the SPR, which last month fell to the lowest since 1986. U.S. crude futures are above $100 per barrel and gasoline and diesel prices above $5 a gallon in one-fifth of the nation. U.S. officials have said oil prices could be higher if the SPR had not been tapped.
Click to expand...
Using the SPR for ANY overseas shipments is wrong, and never done before, until now. The country it goes to doesn't really matter much, but having it go to China is almost as bad as it would be sending it to Russia, and treasonous.

And from your own link.....

"Crude and fuel prices would likely be higher if (the SPR releases) hadn't happened, but at the same time, it isn't really having the effect that was assumed," said Matt Smith, lead oil analyst at Kpler.

In other words, more "too little, too late, reactive micromanaging" Biden admin is now famous for.
 
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hammies

hammies

Duke status
Apr 8, 2006
15,640
14,296
113
Price of gas at the gas station closest to me, one of the cheaper ones in town:
Late Feb, just before Putin's invasion: $4.39. Peak price about 3 - 4 weeks ago: $6.19. A 41% increase.
Got gas today at $5.83, down 35 cents from the peak.
 
S

Surfdog

Duke status
Apr 22, 2001
21,817
2,034
113
South coast OR
hal9000 said:
Wtf is a "mom and pop" gas station? that can't be a thing
Click to expand...
1000's of gas stations are owned and run by small business families, NOT corpo run franchises. A few are corpo run, many times the large 20+ pump stations are corpo, but not always.

Many have repair shops, car washes, and gas is just a small margin way of steady income. Many added snacks, drinks and beer, wine, liquor (AM/PM style) if they want to hassle the licensing. But those items make way more in margins than gasoline.

The smaller stations run by "mom and pop" are starting to find the hassle of juggling large price swings up or down, more headache than they're worth. Deciding to not offer gas anymore, and go back to only repair, smog, propane, snacks and whatever instead. Locals living and depending on these small town stations are bummed, leaving less options. Selling gas and making a half-way decent profit takes a ton of experience and foresight planning in setting prices daily and staying competitive.

As we see in the more wealthy areas, stations charge WAY more than less desired areas, because the wealthy will pay for the convenience to not shop around a few miles a way for cheaper gas. 25-50+ cents more a gallon doesn't bother them.

In LA, look at the price difference for gas in Malibu compared to Lakewood. A full dollar or more, easily.
 
C

CutnSnip

Phil Edwards status
Sep 11, 2018
5,914
6,267
113
Probably dropping in on you, California
Surfdog said:
As we see in the more wealthy areas, stations charge WAY more than less desired areas, because the wealthy will pay for the convenience to not shop around a few miles a way for cheaper gas. 25-50+ cents more a gallon doesn't bother them.

In LA, look at the price difference for gas in Malibu compared to Lakewood. A full dollar or more, easily.
Click to expand...
In LA thats bullshit. Gas the same price in B.H. as it is in Korea town, with one or two stations being the outlier that were already charging 6 bucks a gallon waaaay before the pandemic even started.
 
$kully

$kully

Duke status
Feb 27, 2009
60,356
17,190
113
Surfdog said:
1000's of gas stations are owned and run by small business families, NOT corpo run franchises. A few are corpo run, many times the large 20+ pump stations are corpo, but not always.

Many have repair shops, car washes, and gas is just a small margin way of steady income. Many added snacks, drinks and beer, wine, liquor (AM/PM style) if they want to hassle the licensing. But those items make way more in margins than gasoline.

The smaller stations run by "mom and pop" are starting to find the hassle of juggling large price swings up or down, more headache than they're worth. Deciding to not offer gas anymore, and go back to only repair, smog, propane, snacks and whatever instead. Locals living and depending on these small town stations are bummed, leaving less options. Selling gas and making a half-way decent profit takes a ton of experience and foresight planning in setting prices daily and staying competitive.

As we see in the more wealthy areas, stations charge WAY more than less desired areas, because the wealthy will pay for the convenience to not shop around a few miles a way for cheaper gas. 25-50+ cents more a gallon doesn't bother them.

In LA, look at the price difference for gas in Malibu compared to Lakewood. A full dollar or more, easily.
Click to expand...
So what you’re saying is Brandon needs to raise the prices for them so they can make more money?
 
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Reactions: Kento
hammies

hammies

Duke status
Apr 8, 2006
15,640
14,296
113
Surfdog said:
1000's of gas stations are owned and run by small business families, NOT corpo run franchises. A few are corpo run, many times the large 20+ pump stations are corpo, but not always.

Many have repair shops, car washes, and gas is just a small margin way of steady income. Many added snacks, drinks and beer, wine, liquor (AM/PM style) if they want to hassle the licensing. But those items make way more in margins than gasoline.

The smaller stations run by "mom and pop" are starting to find the hassle of juggling large price swings up or down, more headache than they're worth. Deciding to not offer gas anymore, and go back to only repair, smog, propane, snacks and whatever instead. Locals living and depending on these small town stations are bummed, leaving less options. Selling gas and making a half-way decent profit takes a ton of experience and foresight planning in setting prices daily and staying competitive.

As we see in the more wealthy areas, stations charge WAY more than less desired areas, because the wealthy will pay for the convenience to not shop around a few miles a way for cheaper gas. 25-50+ cents more a gallon doesn't bother them.

In LA, look at the price difference for gas in Malibu compared to Lakewood. A full dollar or more, easily.
Click to expand...
Knew somebody whose family owned 3 or maybe 4 gas stations, they were pretty wealthy. Lived in a big-ass house on the riviera.
 
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