Average gallon of gas price. $5.01

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ExpressLane

Verified User
$5.01 is the highest it's ever been. That is over twice what it cost when Trump left office. Biden blames

greedy oil companies. Ask yourself this question. Have oil companies all suddenly got greedy just after Biden

took office or just maybe it's Biden's anti fossil fuel policies. Polices like banning new leasing in Anwar ,

banning new leasing in the Gulf, banning fracking on federal lands, killing the XL pipeline, restricting new

pipeline permits, new regulations which make financing for more exploration more difficult to obtain. Oil

companies haven't change the administration and the new Biden administration wants to end fossil

fuels and they don't care who that hurts.

 
ExpressLane said:
$5.01 is the highest it's ever been. That is over twice what it cost when Trump left office. Biden blames

greedy oil companies. Ask yourself this question. Have oil companies all suddenly got greedy just after Biden

took office or just maybe it's Biden's anti fossil fuel policies. Polices like banning new leasing in Anwar ,

banning new leasing in the Gulf, banning fracking on federal lands, killing the XL pipeline, restricting new

pipeline permits, new regulations which make financing for more exploration more difficult to obtain. Oil

companies haven't change the administration and the new Biden administration wants to end fossil

fuels and they don't care who that hurts.

Click to expand...

What is it in Canada, France, Japan... Much higher... And Biden is not their president.
 
ExpressLane said:
$5.01 is the highest it's ever been. That is over twice what it cost when Trump left office. Biden blames

greedy oil companies. Ask yourself this question. Have oil companies all suddenly got greedy just after Biden

took office or just maybe it's Biden's anti fossil fuel policies. Polices like banning new leasing in Anwar ,

banning new leasing in the Gulf, banning fracking on federal lands, killing the XL pipeline, restricting new

pipeline permits, new regulations which make financing for more exploration more difficult to obtain. Oil

companies haven't change the administration and the new Biden administration wants to end fossil

fuels and they don't care who that hurts.

Click to expand...

Never been more glad I've got a 2012 Terrain with Flex Fuel. I get to shell out 2.80 a gallon (as of yesterday) for E-85 and laugh at the folks shelling out over 2 dollars more per gallon
 
Gondwanaland said:
Never been more glad I've got a 2012 Terrain with Flex Fuel. I get to shell out 2.80 a gallon (as of yesterday) for E-85 and laugh at the folks shelling out over 2 dollars more per gallon
Click to expand...
I burn E 85 in my supercharged Shelby with a 2.7 Whipple . E 85 works to prevent pre ignition when running high boost pressure. Sorry to tell you but the energy in a gallon of E 85 is less than a gallon of regular gasoline. So you get fewer miles to a gallon running on E 85 so that increases your cost per mile. Ultimately running ethanol that is made from food (corn) may become a problem if we have food shortages as predicted. The cost of corn will increase because of fertilizer and diesel is increasing.

BTW the average price of E85 in Texas is $3.73 so if you add 20% for mileage reduction for running alcohol it would be the equivalent to paying $4.65 regular and you can find regular for that in Texas.
 
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ExpressLane said:
$5.01 is the highest it's ever been. That is over twice what it cost when Trump left office. Biden blames

greedy oil companies. Ask yourself this question. Have oil companies all suddenly got greedy just after Biden

took office or just maybe it's Biden's anti fossil fuel policies. Polices like banning new leasing in Anwar ,

banning new leasing in the Gulf, banning fracking on federal lands, killing the XL pipeline, restricting new

pipeline permits, new regulations which make financing for more exploration more difficult to obtain. Oil

companies haven't change the administration and the new Biden administration wants to end fossil

fuels and they don't care who that hurts.
Click to expand...

Bullshit, but not surprising, pretty obvious the right hasn't a clue regarding basic economics, and a fact they surely don't understand is that the Oil Companies aren't national, they can pull all the oil out of say the Gulf that they want but there is no guarantee it is going to be sent domestically
 
ExpressLane said:
$5.01 is the highest it's ever been. That is over twice what it cost when Trump left office. Biden blames

greedy oil companies. Ask yourself this question. Have oil companies all suddenly got greedy just after Biden

took office or just maybe it's Biden's anti fossil fuel policies. Polices like banning new leasing in Anwar ,

banning new leasing in the Gulf, banning fracking on federal lands, killing the XL pipeline, restricting new

pipeline permits, new regulations which make financing for more exploration more difficult to obtain. Oil

companies haven't change the administration and the new Biden administration wants to end fossil

fuels and they don't care who that hurts.

Click to expand...
trump forced Saudi Arabia to cut production. He hoped the oil industry peons would vote for him.

Should Biden force refineries to up production?
 
archives said:
Bullshit, but not surprising, pretty obvious the right hasn't a clue regarding basic economics, and a fact they surely don't understand is that the Oil Companies aren't national, they can pull all the oil out of say the Gulf that they want but there is no guarantee it is going to be sent domestically
Click to expand...
Given that it's global, as long as there is oil in the market the price is all the same. American oil companies are refusing to produce oil. By design. Good thing China shut down for a few months.

And there is no discounting Putin's war crimes when it comes to oil supply.
 
ExpressLane said:
I burn E 85 in my supercharged Shelby with a 2.7 Whipple . E 85 works to prevent pre ignition when running high boost pressure. Sorry to tell you but the energy in a gallon of E 85 is less than a gallon of regular gasoline. So you get fewer miles to a gallon running on E 85 so that increases your cost per mile. Ultimately running ethanol that is made from food (corn) may become a problem if we have food shortages as predicted. The cost of corn will increase because of fertilizer and diesel is increasing.

BTW the average price of E85 in Texas is $3.73 so if you add 20% for mileage reduction for running alcohol it would be the equivalent to paying $4.65 regular and you can find regular for that in Texas.
Click to expand...
E85 is only 20 cents less here. 4.69 versus 4.89 for regular. I thought it used to be more, like a dollar less.
 
ExpressLane said:
I burn E 85 in my supercharged Shelby with a 2.7 Whipple . E 85 works to prevent pre ignition when running high boost pressure. Sorry to tell you but the energy in a gallon of E 85 is less than a gallon of regular gasoline. So you get fewer miles to a gallon running on E 85 so that increases your cost per mile. Ultimately running ethanol that is made from food (corn) may become a problem if we have food shortages as predicted. The cost of corn will increase because of fertilizer and diesel is increasing.

BTW the average price of E85 in Texas is $3.73 so if you add 20% for mileage reduction for running alcohol it would be the equivalent to paying $4.65 regular and you can find regular for that in Texas.
Click to expand...

I certainly do get worse mileage, yet I save money off the deal, as it is around 2.15 dollars less than regular by me.
 
Jarod said:
What is it in Canada, France, Japan... Much higher... And Biden is not their president.
Click to expand...
The US is the world's largest producer of oil. You can't take a couple million barrels of oil a day out of the World's oil supply without the world feeling it. Plus oil is traded for in American Dollars and our dollars are worth less because we pumped too much money into the economy.
 
ExpressLane said:
The US is the world's largest producer of oil. You can't take a couple million barrels of oil a day out of the World's oil supply without the world feeling it. Plus oil is traded for in American Dollars and our dollars are worth less because we pumped too much money into the economy.
Click to expand...

You left out that the producers also predict the availability of future oil compared to what they're pumping out of the ground now. If quantities are likely to decline (eg., less new permits, less drilling, less exploration, etc.) then the price of oil on the futures market rises. That in turn raises the price of oil on the market now.

https://www.thebalance.com/oil-pric...s,increase in demand and a decrease in supply.

https://capital.com/oil-price-forecast

So, yes, Joke cancelling new leases and restricting drilling and exploration on federal lands is having an effect on raising gas prices.
 
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