I wasn't in "lockdown" at any point during COVID. I shopped. My kid did a sport (masked). We traveled to the beach and went skiing. |
My point is that it isn't $7.00/gallon. Chicken Little needs to stop. |
Person with no recollection of gas prices in 2011-2014. |
SPR is closing in October dum dum. |
Keep up your fearmongering. |
Crude oil and gas are purchased and sold through a global marketplace. The SPR impact on price at the pump was negligible. In the meantime, private reserve stocks have been increasing. But given your concerns, why didn’t TFG top-out the SPR when oil was at a historic low and tankers of crude were anchored offshore for months on end without a market? |
Republicans swore up and down that releasing some of the SPR would have no impact on prices. Why should we believe them now that they're swearing up and down that closing the SPR will raise prices? |
Umm, SPR releases have been roughly equal to about a little over 1% of worldwide demand. 1% over or under supply has historically led to material swings in the price of oil. TFG absolutely tried to top off the SPR during the COVID bottom but congressional democrats blocked it. It was a really short sighted decision. SPR release is going to be done around October/November. If we aren’t on a recession by then, oil prices will almost certain return to their pre-summer climb upwards. |
Well under $4/gal all around me in NoVA. |
But the price of diesel is up.
https://www.eia.gov/petroleum/gasdiesel/ |