$7/gallon gas is coming

[Anonymous]

Here is the Reuters story the reporter referenced:

https://www.reuters.com/business/energy/oil-us-reserves-head-overseas-gasoline-prices-stay-high-2022-07-05/

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.

The export of crude and fuel is blunting the impact of the moves by U.S. President Joe Biden to lower record pump prices. Biden on Saturday renewed a call for gasoline suppliers to cut their prices, drawing criticism from Amazon founder Jeff Bezos

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.

[Anonymous]

We are selling some oil and gas to Europe to counterbalance the sanctions on Russia.

[Anonymous]

"Oil production in the U.S. in President Joe Biden’s first year was on par with 2020 and higher than in two of the four years Trump was president.

"Increased consumer demand, inflation and the war in Ukraine are among the factors in the rising price at the pump, experts say."

https://www.politifact.com/factchecks/2022/mar/09/facebook-posts/oil-production-bidens-first-year-par-trump/

[Anonymous]

Anonymous wrote:

"Oil production in the U.S. in President Joe Biden’s first year was on par with 2020 and higher than in two of the four years Trump was president.

"Increased consumer demand, inflation and the war in Ukraine are among the factors in the rising price at the pump, experts say."

https://www.politifact.com/factchecks/2022/mar/09/facebook-posts/oil-production-bidens-first-year-par-trump/

Just saw prices in my area of the MD burbs start to fall and go back under $5 post July 4th..

[Anonymous]

Anonymous wrote:We are selling some oil and gas to Europe to counterbalance the sanctions on Russia.

If you are referring to the Reuters piece, why are we shipping oil and gas to China?
And, we release oil from the petroleum reserves to begin with?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

"Oil production in the U.S. in President Joe Biden’s first year was on par with 2020 and higher than in two of the four years Trump was president.

"Increased consumer demand, inflation and the war in Ukraine are among the factors in the rising price at the pump, experts say."

https://www.politifact.com/factchecks/2022/mar/09/facebook-posts/oil-production-bidens-first-year-par-trump/

Just saw prices in my area of the MD burbs start to fall and go back under $5 post July 4th..

I paid $4.55 in SE DC this past weekend. I also had a crackhead accost me for money while tryin' to pump gas into my Subaru lol

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are selling some oil and gas to Europe to counterbalance the sanctions on Russia.

If you are referring to the Reuters piece, why are we shipping oil and gas to China?
And, we release oil from the petroleum reserves to begin with?

Our refineries are at capacity. Adding to the global supply helps if there is capacity at other refineries. Everybody said do something. This is something a President can do. He can’t build a refinery.

[Anonymous]

[Anonymous]

Anonymous wrote:

He didn't. Biden doesn't control the price of gas. Unless it goes down.

[Anonymous]

Schroedinger's gas policy... When it goes up, it's TOTALLY Biden's fault. When it goes down, it;s totally NOT any of his doing.

[Anonymous]

A lot of parts of the country have been seeing gas prices fall $0.70 in the last week.

[Anonymous]

Anonymous wrote:

3... 2... 1... and the so-called "liberal media" will start in on dumb takes on lower oil and gas prices with "here's why this is bad for Biden"

[Anonymous]

[Anonymous]

BUT GAS PRICES!!!! Between girls being forced to carry rapist babies and grandpa's having their heads blow off, GOP better be very, very concerned. Oh and next week, more J6 hearings.