Gas prices are out of control!

[Anonymous]

Anonymous wrote:Gas prices have been basically flat for like more than a decade or something so idk what people want.

People want free gas.

Seriously though, some people complain about everything. Today it's gas, tomorrow it will be the cable bill.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought they were supposed to be lowering gas prices??

I can hardly believe how much more money it costs me just to fill up the tank now.

When are they going to do something about this ? (something that actually works this time, please).

lol. They are going much much higher There is nothing to be done in the short term. More oil would help. But dems do not want that.

The US alone can't budge gas prices, which is largely based on the global oil price. US oil producers alone can't produce enough additional oil to impact global prices.

Even if Biden were to release a significant amount of the US oil reserves (I don't think this situation merits it), it would be meaningless without timing it with other countries. Given Europe's situation, that's not going to happen.

This.

Wrong. In Feb. 2020, the US was producing 13.1 million barrels a day. The US is now producing about 11.6 million barrels a day. Russian oil exports have dropped by about 900,000 barrels a day. We have the potential to make up that shortfall. Keystone XL Pipeline alone would have carried 830,000 barrels of oil per day.

Of waste sludge which is NOT used to make gasoline to be shipped to Asia.

[Anonymous]

Anonymous wrote:Glad I have an e-bike and an electric hybrid SUV.

Don't let your ignorance and smugness fool you into thinking your EV is going to save you from high gas and diesel prices.

[Anonymous]

This is what happens when we adopt policies against oil companies and reduce drilling. Do we want cleaner air or cheap oil? Can’t have it both ways. You won’t hear me complaining about high gas prices. The only pause switching to an EV gives me is that our power grid is going to be strained at some point. Blackouts like they’ve had in CA and TX will be more commonplace in the next decade.

[Anonymous]

Gasoline cars need to be outlawed, period.

People aren’t going to change unless they’re forced to.

[Anonymous]

Anonymous wrote:Glad I have an e-bike and an electric hybrid SUV.

When gas and diesel vehicles are long gone and all we have are EV vehicles, they will find another way to f#*k us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought they were supposed to be lowering gas prices??

I can hardly believe how much more money it costs me just to fill up the tank now.

When are they going to do something about this ? (something that actually works this time, please).

lol. They are going much much higher There is nothing to be done in the short term. More oil would help. But dems do not want that.

The US alone can't budge gas prices, which is largely based on the global oil price. US oil producers alone can't produce enough additional oil to impact global prices.

Even if Biden were to release a significant amount of the US oil reserves (I don't think this situation merits it), it would be meaningless without timing it with other countries. Given Europe's situation, that's not going to happen.

This.

Wrong. In Feb. 2020, the US was producing 13.1 million barrels a day. The US is now producing about 11.6 million barrels a day. Russian oil exports have dropped by about 900,000 barrels a day. We have the potential to make up that shortfall. Keystone XL Pipeline alone would have carried 830,000 barrels of oil per day.

Of waste sludge which is NOT used to make gasoline to be shipped to Asia.

Huh? I think you’re trying to repeat a worn and false talking point that the gas refined from oil from Keystone would be exported. The Washington Post gave that claim four pinocchios. That gas is no more likely to be exported than any other gas produced in the US.

https://www.washingtonpost.com/news/fact-checker/wp/2015/03/02/obamas-claim-that-keystone-xl-oil-bypasses-the-u-s-earns-four-pinocchios/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought they were supposed to be lowering gas prices??

I can hardly believe how much more money it costs me just to fill up the tank now.

When are they going to do something about this ? (something that actually works this time, please).

lol. They are going much much higher There is nothing to be done in the short term. More oil would help. But dems do not want that.

The US alone can't budge gas prices, which is largely based on the global oil price. US oil producers alone can't produce enough additional oil to impact global prices.

Even if Biden were to release a significant amount of the US oil reserves (I don't think this situation merits it), it would be meaningless without timing it with other countries. Given Europe's situation, that's not going to happen.

This.

Wrong. In Feb. 2020, the US was producing 13.1 million barrels a day. The US is now producing about 11.6 million barrels a day. Russian oil exports have dropped by about 900,000 barrels a day. We have the potential to make up that shortfall. Keystone XL Pipeline alone would have carried 830,000 barrels of oil per day.

Keystone XL won't open until 2030, if it was approved. How does that affect gas prices today?

I think you hit the crux of the problem: COVID-driven shutdown of wellheads has not yet recovered. When oil went to -$30 per barrel under Trump, so many drillers went bankrupt or severely contracted. It took only one week to stop pumping, but will take years to reopen all of them. Additional federal leases or Keystone XL won't solve this problem. And, of course, Saudis/OPEC and Russia's invasion of Ukraine just made the situation worse.

If I were Biden, I'd hammer out oil deals with Iran/Venezuela ASAP and offer big incentives for any drillers who reopen existing wellheads within 30 days.

If Keystone XL has been approved on the same timeline as the original Keystone pipeline, it would have been in service long ago. Instead, Obama delayed it and then tried to kill it, and then Biden killed it again on his first day in office after Trump resurrected it. He touted it as a great accomplishment. Obama and Biden own this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Glad I have an e-bike and an electric hybrid SUV.

When gas and diesel vehicles are long gone and all we have are EV vehicles, they will find another way to f#*k us.

I assume the charging stations which are now free will all charge. Surprised they do not already.

[Anonymous]

There is no reason to have a gas guzzler unless you are broke and had to rely on whatever car someone gave you. If you are budget minded, you’ve had many many options to choose from for years (eg, the Fit). Just go to the car forum and look at all the people who must have an SUV for reasons that are about person choice versus getting from point a to b for work.

I doubt construction workers are the ones on here complaining about gas prices.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Glad I have an e-bike and an electric hybrid SUV.

When gas and diesel vehicles are long gone and all we have are EV vehicles, they will find another way to f#*k us.

I assume the charging stations which are now free will all charge. Surprised they do not already.

They are not free. They already charge you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Glad I have an e-bike and an electric hybrid SUV.

When gas and diesel vehicles are long gone and all we have are EV vehicles, they will find another way to f#*k us.

I assume the charging stations which are now free will all charge. Surprised they do not already.

They are not free. They already charge you.

Yep, EV vehicles will be great for the environment but when gas vehicles are gone I doubt it will be this perfect utopia that people will are expecting. The taxes that come from gas will have to be found from somewhere else. Maybe larger registration fees for your vehicle, maybe more state taxes?

[Anonymous]

Anonymous wrote:There is no reason to have a gas guzzler unless you are broke and had to rely on whatever car someone gave you. If you are budget minded, you’ve had many many options to choose from for years (eg, the Fit). Just go to the car forum and look at all the people who must have an SUV for reasons that are about person choice versus getting from point a to b for work.

I doubt construction workers are the ones on here complaining about gas prices.

Agree. I have a Honda Clarity plug in EV bought a few years ago for 22k after federal tax rebate and state tax rebate. Same size as a Honda Accord. Last 6 months only purchased about 10 gallons of gas. I work from home though. When I used to drive to work it was 70 miles daily. Transport 2 kids in my car. Most people have an SUV that gets 20-25 on highway and costs $40-50k.

On another topic, the only free public EV chargers i know are at Mom’s organic grocery store and some parks. Most of the time I charge at home.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought they were supposed to be lowering gas prices??

I can hardly believe how much more money it costs me just to fill up the tank now.

When are they going to do something about this ? (something that actually works this time, please).

lol. They are going much much higher There is nothing to be done in the short term. More oil would help. But dems do not want that.

The US alone can't budge gas prices, which is largely based on the global oil price. US oil producers alone can't produce enough additional oil to impact global prices.

Even if Biden were to release a significant amount of the US oil reserves (I don't think this situation merits it), it would be meaningless without timing it with other countries. Given Europe's situation, that's not going to happen.

This.

Wrong. In Feb. 2020, the US was producing 13.1 million barrels a day. The US is now producing about 11.6 million barrels a day. Russian oil exports have dropped by about 900,000 barrels a day. We have the potential to make up that shortfall. Keystone XL Pipeline alone would have carried 830,000 barrels of oil per day.

Of waste sludge which is NOT used to make gasoline to be shipped to Asia.

Huh? I think you’re trying to repeat a worn and false talking point that the gas refined from oil from Keystone would be exported. The Washington Post gave that claim four pinocchios. That gas is no more likely to be exported than any other gas produced in the US.

https://www.washingtonpost.com/news/fact-checker/wp/2015/03/02/obamas-claim-that-keystone-xl-oil-bypasses-the-u-s-earns-four-pinocchios/

Cool. Now please tell the class what year the XL would be finished and fully operational.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I thought they were supposed to be lowering gas prices??

I can hardly believe how much more money it costs me just to fill up the tank now.

When are they going to do something about this ? (something that actually works this time, please).

lol. They are going much much higher There is nothing to be done in the short term. More oil would help. But dems do not want that.

The US alone can't budge gas prices, which is largely based on the global oil price. US oil producers alone can't produce enough additional oil to impact global prices.

Even if Biden were to release a significant amount of the US oil reserves (I don't think this situation merits it), it would be meaningless without timing it with other countries. Given Europe's situation, that's not going to happen.

This.

Wrong. In Feb. 2020, the US was producing 13.1 million barrels a day. The US is now producing about 11.6 million barrels a day. Russian oil exports have dropped by about 900,000 barrels a day. We have the potential to make up that shortfall. Keystone XL Pipeline alone would have carried 830,000 barrels of oil per day.

Keystone XL won't open until 2030, if it was approved. How does that affect gas prices today?

I think you hit the crux of the problem: COVID-driven shutdown of wellheads has not yet recovered. When oil went to -$30 per barrel under Trump, so many drillers went bankrupt or severely contracted. It took only one week to stop pumping, but will take years to reopen all of them. Additional federal leases or Keystone XL won't solve this problem. And, of course, Saudis/OPEC and Russia's invasion of Ukraine just made the situation worse.

If I were Biden, I'd hammer out oil deals with Iran/Venezuela ASAP and offer big incentives for any drillers who reopen existing wellheads within 30 days.

If Keystone XL has been approved on the same timeline as the original Keystone pipeline, it would have been in service long ago. Instead, Obama delayed it and then tried to kill it, and then Biden killed it again on his first day in office after Trump resurrected it. He touted it as a great accomplishment. Obama and Biden own this.

Keystone’s impact on world and US gas prices would have been effectively nothing.

Gas prices are high because:

The economy has recovered post-COVID
Oil/Gas suppliers have not ramped up production because they are paranoid about the boom/bust cycle
The Ukraine invasion has isolated Russia and taken their oil mostly off of the world markets

This is all in the longer context of oil being harder to extract. We’ve pumped the “easy” oil and now have to do more (shale, sands, deep sea) to get at oil, so it is harder to turn the spigot on.

Biden and the government basically no role in this, unless you want to see them buying Russian oil. Anyone who blames Biden is simply a low-information partisan hack. Unfortunately, those people vote.