Average Gas Prices
- Thread starter gator1776
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It’s a good investment, when your own country limits supply and yet it’s the major consumer there’s only one way for prices to go.
That‘s one hell of a price jump in a single day.
Be careful before you answer……if you’re talking cooking oils the expert is ITT and ready to interject his divine BS.
The supply of oil, American oil, American energy resources. And be careful before you answer back because you don’t have to actually limit the supply you just have to threaten to limit the supply to create the market effect of increasing gas prices. And the reason why that works so effectively it’s because they know it’s true and they’re going to actually do it.
Or throw out there a "pipeline cyber" attack, real or otherwise it serves the same purpose.
Speaking of pipe attacks, please tell Mrs @greyghost14 I bought some KY jelly and I’ll make sure I bring it next time
Oil is priced on the worldwide market. You are correct that the price of gasoline is impacted by supply, but it’s global supply, specificity OPEC, that has been restricted. US supply is increasing, witnessed by the 50% increase in US drilling activity over the past year No US supply has been curtailed.
Obviously the other side of the equation, ie. demand, has been rising which accounts for most of the price increase.
Thanks you just made my case for me. By both threatening and actually reducing the production of gas and oil and other forms of electricity in the United States we are driving the world market up and making all these other countries rich, including Russia and their new pipeline, at the expense of our own economy. You did a wonderful job of eloquently making the argument for me. Well done
oh and let’s also not forget that the United States is consistently the largest consumer so when we lower our supply we make lots of other countries an exorbitant amount of extra money. And it usually comes at the expense Of our working class with the loss of thousands of jobs and the ones I still have jobs I have to pay so much more of the pump. Well done Joe Biden
Nickel’s worth of free advice, she lies to you to protect your ego.
You misread. We haven’t reduced the production of oil and gas in the US. It has been increasing.
And the Russian gas pipeline has nothing to do with the price of oil or gasoline. That’s a natural gas pipeline.
Best to stay in your lane Doc. You sound like that jFugly guy talking about vaccines.
Here's your .04 cents back in change - I'm keeping one penny for mental anguish.
(Desperately searching car for extra penny to be able to afford your wife’s daily visit price)
I talked to an out of work San Antonio oil field worker yesterday at Hellofaburger. He is no Joe fan.
Send me his number. We can't find enough people.
Your little anecdote is a big fail, as usual. What happened to that drilling ban?
Does your friend mean 4 cents? .04 cents is a tiny fraction of a penny. A penny equals 1 cent or 10 mils. The U. S. dollar is the world's first decimal metric currency since 1792. Issued in 1793.
Well, to be fair, @greyghost14, He’s an idiot.
There are no oil field help wanted ads in today's Waco Tribune-Herald. Sorry. When help is needed in the fields, the WaPost wannabe has ads. Always.
Gas prices are sensitive to global supply/demand issues. They are also sensitive to .Gov interference, more restrictive extraction and pipeline regulations AND promised higher corporate taxes. Seriously, what idiot thinks corporate taxes aren't passed on to consumers?😂
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Corporations don't pay corporate taxes. I do.
Your classical mechanics class is still paying dividends....we can lay our heads on our pillows and come to the same conclusion.
Pillow biters 😂😂😂Your classical mechanics class is still paying dividends....we can lay our heads on our pillows and come to the same conclusion.
Comparing to April of last year is, as you say, strictly due to the pandemic. The increase has all occurred since the beginning of the year. The number of rigs drilling for oil has more than doubled since August 2020, from 172 to 380.According to EIA, domestic crude production has dropped 7% Apr-20 to Apr-21.
EIA-914 monthly production report
www.eia.gov
I’ll be charitable and attribute most of this decline to pandemic-related demand destruction. However, the Biden administration isn’t exactly helping the domestic petroleum industry regain lost market share. Actually the domestic industry has gotten the new religion of capital discipline and not recklessly boosting production for the sake of cash flow.
The failure of OPEC to reach a production allocation agreement has brought oil prices down in the past few days, which will slowly bring down gasoline prices.
This is in spite of Biden being no friend to the industry, which has been my point all along. Oil, and therefore gasoline prices, have little to do with US politics.
This is why I laugh at your so called genius. Your little worldview doesnt seem to extend outside of Waco.
U.S. oilfield service companies added 23,000 jobs in March
The monthly Oilfield Services and Equipment Employment Report, compiled and published by the Energy Workforce & Technology Council, estimates a peak of 102,000 pandemic-related job losses. Since then, the industry has gained back more than 23,000 jobs.
www.worldoil.com
BNN Bloomberg – Canada Business News, TSX Today & Interest Rates
Get the latest Canadian business news, TSX updates, interest rates and Bank of Canada coverage. Explore stock market investing and get expert financial insights on investment portfolio strategies.
Oilfield Services Jobs
Oilfield Services Jobs on Rigzone.com. Business Development Representative, Field Technician, CNC Machinist and many more
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I remember when family members were off limits. This shows the low class of people that have invaded my board.
If you can’t take a joke then this board isn’t for you anymore. My advice, grow a pair
I remember when they were off-limits to. Adding an extra hundred bucks to the offer was money well spent.
Looks like you joined three years ago….. @gator1776 invaded well before that. I’ve been on here more than a minute, when did this message board utopia you seem to remember exist??
