I paid $2.69 for gas today!

[ZenMode]

Gas prices are in 'glacial' decline. Here's why.

Seasonally, demand is falling at the same time that refiners are returning from maintenance and boosting supply,” he said, referring to refineries that were temporarily offline for maintenance work, unable to produce gasoline.

https://finance.yahoo.com/news/gas-prices-are-in-glacial-decline-heres-why-134808023.html

Yah, but Biden took the refineries off line via executive order.


That was sarcasm....

 

[Dutch Uncle]

Yes thank you Biden for letting Iran, Valenzuela and Russia sell oil! What could possibly go wrong. BTW our Strategic oil reserve is at a 40 year low at about 40% capacity. Yeah for your $2.69 gasoline.

^^^
Wants to go to war with Iran, Venezuela and Russia.

It's $2.59 in Texas.

 

[Dutch Uncle]

...our Strategic oil reserve is at a 40 year low at about 40% capacity. Yeah for your $2.69 gasoline.

It's being refilled at 3M barrels a month due to low prices.

https://finance.yahoo.com/news/us-refilling-strategic-oil-reserves-032524022.html
The US is refilling strategic oil reserves as fast as it can amid lower prices, but there are physical limits, Energy Department official says
The Strategic Petroleum Reserve is being refilled with 3 million barrels a month as oil prices fall.

But refills have a limit because of the physical capacity of the reserves, a top energy official has said.

The SPR has 352 million barrels of oil, which is still less than half of 2010 highs.

 

[Trumpet]

Yah, but Biden took the refineries off line via executive order.


That was sarcasm....

That is not sarcasm to the Magatards.

 

[Walt]

What is the year over year inflation rate?

3.2%. We want 2%, so that is a bit higher, but not much. That is why many people think that the Fed will not be raising rates as much in 2024. Maybe a bit, but not much.

And maybe not at all. There is a strong argument that we will hit 2% at the rate we are going with no course changes needed.

 

[Walt]

OMG.. you are a complete moron.

Production under Trump went up 25% over 4 years
Production under Biden has gone up 19% in 2.8 years. (On pace to exceed Trump's 25%)

Why are you so delusional? Are you off some doctor prescribed meds?

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M

Trump's oil production didn't go up 50%.

But you just have facts on your side... Not the fantasies that the alt right has.

 

[Walt]

Trump left office Jan 20th, 2020.

He really did not. trump left office January 20th, 2021. he lost the election on November 3rd, 2020. The election happens in 2020, and the leaving office happens in 2021.

I do not know why you do not understand this.

 

[Walt]

It's being refilled at 3M barrels a month due to low prices.

So wait, Biden sold high, and bought low making money for the US taxpayers? Thank you Biden.

 

[ExpressLane]

So wait, Biden sold high, and bought low making money for the US taxpayers? Thank you Biden.

Trump wanted to fill the SPR at $24 a barrel and the Democrats said NO!

 

[Dutch Uncle]

So wait, Biden sold high, and bought low making money for the US taxpayers? Thank you Biden.

It appears that way.

 

[Into the Night]

I am playing the game you play. I know Biden has only a little to do with gas prices, but if you guys are attacking him regarding the high prices three years ago... you gotta give him credit for the lowering gas prices now.

No. Biden caused high prices by signing an executive limiting drilling. That executive was later thrown out by a federal court, so prices have been coming down...not because of Biden, but despite him.

 

[Into the Night]

Sounds like you don't know what you're babbling about.

Sounds like you just want to deny history.

 

[Into the Night]

I am always amazed at how absolutely ignorant Trumpers are of math, history and just about any other subject.

You are describing yourself again, Sock.

 

[Into the Night]

3.2%. We want 2%, so that is a bit higher, but not much. That is why many people think that the Fed will not be raising rates as much in 2024. Maybe a bit, but not much.

And maybe not at all. There is a strong argument that we will hit 2% at the rate we are going with no course changes needed.

Interest rates do not cause inflation, Sock.

 

[Into the Night]

He really did not. trump left office January 20th, 2021.

Correct. A typo of mine.

he lost the election on November 3rd, 2020.

There was no election in 2020.

The election happens in 2020,

There was no election in 2020.

and the leaving office happens in 2021.

Because Trump's term ended.

 

[Dutch Uncle]

You're disgusting even for a schizo, Sybil.