Gas is 1.98 a gallon?

Dutch Uncle said:
Prices peaked in June 2022 and were related to post-pandemic supply chains and Russia's invasion of Ukraine. I have no doubt the MAGAt Karen retards will blame Joe for both.

FWIW, Trump's Operation Warp Speed should have been his greatest accomplishment but he shot himself in the foot with his anti-vax and anti-mask rhetoric. Sad.

www.nerdwallet.com

Gas Prices Remain At Their Lowest in Four Years - NerdWallet

Though higher than they were before the pandemic, gas prices have been largely stable.
www.nerdwallet.com www.nerdwallet.com

as price inflation, explained​

It wasn’t that long ago that gas prices were soaring: Prices surged in 2021 and 2022, largely due to two economic disruptions: pandemic-related supply shocks and then Russia’s invasion of Ukraine. The combination of the two hit energy markets hard and prices never recovered to pre-pandemic levels.
Here’s what happened:
  • In 2019, before the pandemic, the average per-gallon price of regular gas was $2.601, according to EIA data.
  • Following Russia’s invasion of Ukraine, the national average increased before peaking at $5.016 per gallon on June 14, 2022, according to AAA.
  • Since then, gas prices have retreated, but they haven’t returned to pre-pandemic levels. Today, gas prices are about 21% higher than they were six years ago.


    View attachment 68431
Click to expand...
Gas is inflationary not inflation itself.

The point of this thread was Jarod saying that Trump "lied", but he did not. There are some states where gasoline can be had for less than $2 per gallon.

All this other crap you are trying here really isn't part of the discussion, it is an attempt to distract from the reality.
 
ThatOwlWoman said:
Supply and demand. At one point during the pandemic, when the world essentially ground to a halt, the price per barrel for crude fell to negatives. When everything opened back up again, and people started traveling again and returned to their workplaces, the price shot up dramatically.

Once again, neither Trump nor Biden have much to do with the price of gasoline. Crude is a global commodity.

What do you think will happen with the price of crude with the War PIg seizing OPEC-member tankers? If we sell them enough armaments, will they be nice to us, or drop production to punish us with higher prices?
Click to expand...
Hence me noting that supply being high during the pandemic made prices cheaper than normal... It's like talking to children in this thread. People who do not understand that gasoline prices are not "inflation" because they are factored as inflationary, a cause, not themselves used to measure inflation.

The price of gas going up can cause price inflation, going down can actually drop prices depending on how high it got, all that with inflation still happening.

Prices alone are not the measure of inflation. Inflation has only one cause. Too much cash supply. If a President, say, just prints checks and gives them to people, he is creating inflation.
 
FastLane said:
Oh gee the world largest consumer of oil producing more oil than it uses has no effect on the price of oil and gasoline.


​

:oprah:

We are producing more oil and gas than we have ever produced and that is driving the cost of oil DOWN and when the cost of oil goes DOWN the price of gasoline goes DOWN.

The amount of oil produced in the Permian Basin alone is rapidly increasing NOW. The Permian Basin produces almost half of the oil we produce. Oil production is also rapidly climbing in the Gulf of America now.

When Trump took office the price of oil was $80 a barrel now it is $56.54

Biden promised to get rid of fossil fuels and pushed EVs and wind and solar. That made banks hesitant to finance new exploration and production that tended to increase the price of oil.
Click to expand...
The problem is we are NOT producing more then we use like you say " Oh gee the world largest consumer of oil producing more oil than it uses has no effect on the price of oil and gasoline."
In Sept/ Oct we produced only 13.8 MBPD and we consumed 20.5 MBPD
worldpopulationreview.com

Oil Consumption by Country 2025

Comprehensive overview of oil consumption by country through the years, including which country consumes the most oil in the world.
worldpopulationreview.com worldpopulationreview.com
Our consumption has gone down over the last few years it was over 20 MBPD in 2023, 2024.
And that will help bring the price down too.
 
Damocles said:
Gas is inflationary not inflation itself.

The point of this thread was Jarod saying that Trump "lied", but he did not. There are some states where gasoline can be had for less than $2 per gallon.

All this other crap you are trying here really isn't part of the discussion, it is an attempt to distract from the reality.
Click to expand...
Agreed.

No doubt you believe Trump was being honest and that "Braindead" is a deceitful liar.

You should make another rule about that, Damo, then only apply it to me and never your alter-ego. :thup:
 
Tbird19482 said:
The problem is we are NOT producing more then we use like you say " Oh gee the world largest consumer of oil producing more oil than it uses has no effect on the price of oil and gasoline."
In Sept/ Oct we produced only 13.8 MBPD and we consumed 20.5 MBPD
worldpopulationreview.com

Oil Consumption by Country 2025

Comprehensive overview of oil consumption by country through the years, including which country consumes the most oil in the world.
worldpopulationreview.com worldpopulationreview.com
Our consumption has gone down over the last few years it was over 20 MBPD in 2023, 2024.
And that will help bring the price down too.
Click to expand...
the U.S. now produces more total energy (including fossil fuels, nuclear, and renewables) than it consumes, a shift driven by massive increases in oil and natural gas production from fracking, making it an energy net exporter for the first time in decades, though specific fossil fuels like crude oil still require net imports to meet demand for refined products.

We produce more energy than we use. the 20.5 number quoted includes natural gas. the 13.8 number is oil alone.
 
Jarod said:
It actually is, especially this time of year when all five of us are having dinner together. Nobody gets angry or mean. A bunch of very happy people having a wonderful dinner.
Click to expand...
When one in the party thinks they are always right, it is never a happy dinner table, and the sad part is, only one person is blind to that fact.
 
Fun fact in the early 70s in Bridge City the little town near where I lived had a gas war and gasoline was 18.9 cents a gallon down from 21.9 cents a gallon. My dad made me drive over there to fill up. We had a 70 Ford LTD so I'm not sure it made sense to drive it over to Bridge City for a fill up.:laugh:
 
You must log in or register to reply here.
Back
Top