RB 60 (01-22-2021)
RB 60 (01-22-2021)
Nope. prices haven't decreased, they just prolonged the increases here.
https://www.masstransitmag.com/techn...ime-until-july
The assholes here in PA. are raising the prices on the turnpike (AGAIN!!). They are making it even harder for those who don't have their "EZpass."
I used to drive up and jump on the turnpike near Harrisburg to Reading every year when I went to the drag races. Now I take the longer and slower
highways and back roads. I use a little more gas and it takes longer, but save a lot more money than paying the tolls on the turnpike. Screw em'
https://www.pennlive.com/news/2020/0...much-more.html
Common sense is not a gift, it's a punishment because you have to deal with everyone who doesn't have it.
Darth Omar (01-22-2021)
Gas prices have jumped to yet another multi-month high as crude oil prices rise amidst perceived improvement in the COVID-19 pandemic, which continues to pump prices up as demand shows renewed signs of recovery,” said Patrick De Haan, head of petroleum analysis for GasBuddy.
Supply and demand factors have helped crude oil prices rise “steadily throughout December and the first week of January,” according to U.S. Energy Information Administration. During that time, Brent and West Texas Intermediate settled at their highest levels since February 2020, with prices of more than $50 per barrel.
according to the EIA.“Expectations of economic recovery associated with the approval and production of a number of COVID-19 vaccines is perhaps the most significant demand-side factor in crude oil price changes. Vaccine efforts have contributed to a broad increase in prices across most asset classes and commodities, reflecting market expectations for economic growth,”
“On the supply side, production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and partner countries (OPEC+) are expected to continue, suggesting that crude oil inventory draws are also likely to continue during the coming year,” the EIA states.
Saudi Arabia announced on Jan. 5 that it would cut the production of 1 million barrels per day of crude oil in February and March. That decision also contributed to the rise in prices, according to the EIA.
“Gas prices are rising as supply tightens and crude oil gets more expensive. Decreasing demand is outweighed by these other factors at the moment,” Jeanette Casselano McGee, AAA spokesperson, said Jan. 11.
“If crude prices remain high, Americans can expect to pay more at the pump this month,” she added.
In Fayetteville, gas prices increased over the past week by 3.2 cents to total $2.23 per gallon over the weekend, according to GasBuddy. During that time period, increases of 7.8 cents to $2.25 in Charlotte and 1.1 cents per gallon to $2.20 in Greensboro were reported.
Political impacts could also be reflected in gas prices, De Haan said.
“In addition, with rumors swirling that President-elect Biden plans to cancel approval of the Keystone XL pipeline, which would cut off reliable Canadian oil to the U.S., oil prices may see additional pressure in the coming days,” he said Monday.
https://www.robesonian.com/news/1415...reeping-higher
I don't know how you were diverted / You were perverted too
I don't know how you were inverted / No one alerted you
You're right.
That will do it too.
They had a surplus, last year, which I didn't know.
2020 was a year which saw OPEC+ having to take extraordinary action in order to try stabilising the oil market. The unprecedented fall in oil demand last year, and in particular over 2Q20, left the market drowning in supply. Covid-19 meant that OPEC+ members had to put aside their differences in April, and agree on historic record production cuts. The group agreed to cut by 9.7MMbbls/d over May and June, and this was eased as we moved through the year. Under the original deal the group was set to ease further starting in January 2021, reducing the level of cuts to 5.8MMbbls/d, which would then be in place until April 2022. However, with the demand recovery this year taking longer than initially expected, coupled with a surge in Libyan supply, the group has been forced to revisit this plan, given the risk that easing too much at the beginning of 2021 could push the market back into surplus.
We believe that the changes the group made to the deal will be enough to ensure that the market does not return to surplus in 1Q21 while for the remainder of the year, we would expect the market to continue drawing down stocks. Clearly, much will depend on how Covid-19 develops over the course of this year.
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