Sorry for your loss.
also, we should get the people in the Twitter comments section to post here.
also, we should get the people in the Twitter comments section to post here.
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Gasoline Gasoline!
- Thread starter GromsDad
- Start date
Ohhh, back to March prices. Wow, fill up the truck for only $100 now.
Malibu is still $5.99 a gallon. Other LA coastal towns over $5.
I'm kinda pissed gas hasn't dropped much in So coastal ORE. We still have $5.50 a gallon regular, cash price.
Just over the coastal mountains in Medford, it's $4.50 or less. Never was that big a difference. Must be summer tourist gouging.
Still DOUBLE the average USA price when Biden was elected, less than 2 years ago.
It just hurts a little less than before. Just added a little lube to it.
But, the damage is done, with resulting inflation STILL at 40 year highs, and a new recession the icing on the stale cake.
Demand for gas is going down due to high inflation sticking around. So oil drops to about $90 a barrel. Still higher than optimal. Gas prices will only go down so much from here, and will stay WELL above $3 nationally for the foreseeable future. Lots of chatter about oil going back up again before winter, so enjoy it while you can.
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Prices get raised to an extreme level so we feel like these high prices are a respite
Global decline in oil prices? You mean the US doesn’t set oil prices and instead oil trades on a global market? Damn you Biden!
No matter how many times you tell a certain ilk this, they just cannot understand. The only alternative is socialism.
I'm glad to see you finally acknowledge that corporate price gouging contributes to inflation.
For real though it sucks that prices have dropped just about everywhere else except here.
I guess it's the price we pay for living in paradise.
I think the local "Ron's oil" gas station cabal is holding out on high prices as long as they can. At least until summers over.
So many out of state plates parked along all the 101 beach spots. You can tell it's peak summer time. Weather is awesome and paradise even when it rains for days other times of year.
I can deal with it, like I did in O'side summer. It's still a small, small fraction of the crowds.
Biden's promises and policies helped start the whole global spike back late 2020/early 2021.
USA is the largest single nation supplier of oil, and his (Liberal World Order puppetmasters) policies got the whole price spike going. Then Putin iced that cake a year later helping adding another buck to it.
Seems Russia is not being "punished" as much as they promised. They're already talking resuming nat gas and oil shipments again. Euro's are giving in. While we throw $Billions at Ukraine to use as they wish.
Crimea 2.0 by 2023, and no one will give 2 ratshitz by then.
So now he gets credit for falling prices unless you are a dishonest partisan moron.
2 Horse trailer with storage rooms. We have a 30+ gallon single tank.
Do the math on filling that thing up from empty with $5.50 gas.
At least we can drive/haul 300-350 miles between fill ups.
As opposed to a $96K EV truck that gets 100 miles a charge (hours) "trying" to haul something similar or less (small/mod RV trailer).
He gets some credit, as he's also responsible for the spike, with his policies and agenda.
Recession is causing less demand, and his actions caused it. So, market reaches maximum pressure and eventually busts the bubble, with extended high inflation causing less demand. People choose between taking a road trip or higher food prices. Not everyone lives at the beach and can afford higher prices for everything. Economics 101.
We'll see how much further prices drop. They already look to be bottoming out the last few days with oil not dropping under $90 the last couple weeks. It tried for a couple days at $88-$89 but is back up over $90 again. Talk of higher oil prices coming before winter, so fuel up now.
You poor thing, how will you ever be able to tow TWO horses with these prices.
My heart is breaking for you.
Will you have to maybe sell one horse because the gas prices are $4 and not $3 anymore, so you have money for groceries?
And those poor Malibu folks paying $6 for gas, how will they feed their families?
Let's band together and fight against minimum wage increase though!
Privileged, rich, white people problems are the worst.
And again with lies about EVs.
The dumbest hill to die on ever.
From the Captain of the Slobodon Milocevic University Debating Team.You poor thing, how will you ever be able to tow TWO horses with these prices.
My heart is breaking for you.
Will you have to maybe sell one horse because the gas prices are $4 and not $3 anymore, so you have money for groceries?
And those poor Malibu folks paying $6 for gas, how will they feed their families?
Let's band together and fight against minimum wage increase though!
Privileged, rich, white people problems are the worst.
And again with lies about EVs.
The dumbest hill to die on ever.
We only have 1 horse, and only one for years. We have a 2 horse trailer (1996 bought new, and repainted since) to haul a friends if needed. Comes in handy for horse shows, and people pay to haul their horse, if room available. Pays for gas, at least.You poor thing, how will you ever be able to tow TWO horses with these prices.
My heart is breaking for you.
Will you have to maybe sell one horse because the gas prices are $4 and not $3 anymore, so you have money for groceries?
And those poor Malibu folks paying $6 for gas, how will they feed their families?
Let's band together and fight against minimum wage increase though!
Privileged, rich, white people problems are the worst.
And again with lies about EVs.
The dumbest hill to die on ever.
Horses to the wife are like surfing to me. A passion we've had since little kids.
She worked hard to pay for them, at times driving a beat up 20 yr old truck to do so (when we met). Our GMC 2500HD is a 2001 and still running like a champ and looks great after getting a new paint job last year. Will need to replace it sooner or later, and NOT looking at EV trucks to replace anytime soon. Some day, maybe.
So it wasn’t world reduction in output, OPEC included, met with a much quicker post-Covid bounce in demand that caused the spike?
out of curiosity, do you recall how much US oil production dropped from Trumps last months to Biden’s first Few months?
When oil goes to price less than ZERO (MINUS $30 a barrel) all kinds of crazy sh!t affects production worldwide. This was all in mid 2020, and mostly corrected by late summer 2020, when economy and markets bounced back to normal (much faster than most predicted) and better after the MODERN world basically shut down completely for a month or 2 (no air travel, no work except absolute essentials).
But with Biden proclamations that USA oil production would be cut back, and eventually shut down, if he had his way, oil and gas prices kept going no where but up, due to the stance the USA admin NOW had against further domestic oil production and exploration.
Oil prices couldn't keep going up forever, and finally reached terminal velocity, causing huge inflation and the resulting recession (lesser demand). You could see this all coming if you lived thru the 1970's. Which many here haven't.
(Chart is 1000's barrels per day, each month)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
| 2018 | 9,996 | 10,276 | 10,461 | 10,493 | 10,424 | 10,628 | 10,888 | 11,373 | 11,422 | 11,488 | 11,868 | 11,924 |
| 2019 | 11,848 | 11,653 | 11,899 | 12,125 | 12,141 | 12,179 | 11,896 | 12,475 | 12,572 | 12,771 | 12,966 | 12,910 |
| 2020 | 12,852 | 12,842 | 12,797 | 11,914 | 9,713 | 10,442 | 11,006 | 10,577 | 10,921 | 10,457 | 11,196 | 11,168 |
| 2021 | 11,124 | 9,925 | 11,326 | 11,305 | 11,356 | 11,356 | 11,347 | 11,277 | 10,918 | 11,569 | 11,790 | 11,634 |
| 2022 | 11,369 | 11,306 | 11,701 | 11,652 | 11,595 |
Trump had domestic USA oil production at all time record levels in late 2019-early 2020. Covid shutdowns from Apr-Oct 2020 pretty much killed ALL oil production worldwide, but USA was coming back by Nov 2020.
Biden proclaims he's going to reduce domestic USA oil exploration and production (Sep-Nov 2020), and it not been even close to those 2019-early 2020 levels since. In fact it's been trending flat to down since late last year. Still way more than 1 million barrels per day LESS than during Trump admin peaks in 2019-2020.
Add it all up, and Trump's last 2 years kick ass on Biden's first 2 years in totals, even WITH Covid massive shutdowns in 2020.
What are Biden's excuses for 2021 and 2022? He can start with his anti-oil domestic policies and agendas, if he's honest.
And we wonder why gas prices rose constantly and consistently since Biden was elected?
With resulting inflation, and now recession chomping away at everyone's wallets.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M
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Didn’t answer. How much did production drop under Biden? Would an extra 100,000 or do bpd make any difference on the world market?