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Thread: Why is the price of gas going up.

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    Default Why is the price of gas going up.

    Gasoline has been going up a lot from last year even with demand down in winter .

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    It has been 2.65 for 2 weeks in our nearby station. Bulletbooib keeps saying this.

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    Quote Originally Posted by Bulletbob View Post
    Gasoline has been going up a lot from last year even with demand down in winter .
    It is going up because demand is going up, production is still at fairly low levels and OPEC is operating in a slow down mode due to their energy war with Russia. That said, the US Oil and Gas companies do need to raise prices due to so much revenue loss over the last year, so going up a bit is not really a bad thing. How high it will go probably depends more on OPEC than anything in the US. Clear it up.

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    Quote Originally Posted by Nordberg View Post
    It has been 2.65 for 2 weeks in our nearby station. Bulletbooib keeps saying this.
    $2.46 here....gone up about 20 cents around two weeks ago.

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    It's up to $3.12 here. That's an increase of about $0.12 in the last week or so alone.

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    It is true the prices dropped due to the Trump depression. Demand was way down. Now businesses are getting faith and are starting to work again.
    Gas prices are not just a reflection of demand. They are moved by the commodity market. It will be a long time before American demand will impact pricing, https://www.nasdaq.com/market-activi...ities/cl%3Anmx

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    Quote Originally Posted by Nordberg View Post
    It is true the prices dropped due to the Trump depression. Demand was way down. Now businesses are getting faith and are starting to work again.
    Gas prices are not just a reflection of demand. They are moved by the commodity market. It will be a long time before American demand will impact pricing, https://www.nasdaq.com/market-activi...ities/cl%3Anmx
    Quoted and saved for when there's gas lines around the block shortly.


    Nerdsperg text saved! LOL!

    It'll go up 20 cents this week or next.

    Biden has strangled the supply by EO and there's no deals with OPEC yet..no ships coming with oil or gas.

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    Quote Originally Posted by Matt Dillon View Post
    Quoted and saved for when there's gas lines around the block shortly.


    Nerdsperg text saved! LOL!

    It'll go up 20 cents this week or next.

    Biden has strangled the supply by EO and there's no deals with OPEC yet..no ships coming with oil or gas.
    Which orders would that be?
    Please be specific.
    It is the responsibility of every American citizen to own a modern military rifle.

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    Quote Originally Posted by Matt Dillon View Post
    Quoted and saved for when there's gas lines around the block shortly.


    Nerdsperg text saved! LOL!

    It'll go up 20 cents this week or next.

    Biden has strangled the supply by EO and there's no deals with OPEC yet..no ships coming with oil or gas.
    I will just drop this here

    Biden wins 2020 election decisively

    Popular Vote -- Biden by 7.1 million votes (51.4% to 46.9%)

    Electoral College. Biden 306 - Trump 232

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    Quote Originally Posted by Cypress View Post
    I will just drop this here

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