Why are US gas prices soaring when America barely uses Russian oil?
- Thread starter christiefan915
- Start date
Think so?
"In November, the president, under growing criticism for contributing to inflation that’s been hovering at a 40-year high, asked the Federal Trade Commission to investigate “mounting evidence of anti-consumer behavior by oil and gas companies.”
“The bottom line is this: gasoline prices at the pump remain high, even though oil and gas companies’ costs are declining,” Biden said in a letter to FTC Chair Lina Kahn.
Biden noted that the price of unfinished gasoline – which hasn’t been blended with other liquids – was down more than 5% versus the previous month while gas prices had gone up 3% over the same period."
https://finance.yahoo.com/news/oil-gas-companies-price-gouging-225315784.html
- Not "since".
- Not "due to".
- Not "because of".
Your synonym for "as" is?
American Man
Verified User
Right-wingers don't like reading.
Don't they?
Biden said.
I don't invent synonyms.
Try a thesaurus.
Looks like your Queen may have compiled one under a pseudonym.
Hop to it!
Guno צְבִי
We fight, We win, Am Yisrael Chai
From the beginning of 2021 through the middle of May of that year, prices spiked from $2.25 to over $3.00.
From there, gas prices rose steadily hitting $3.40 in mid-November, dipping slightly as the country dealt with the Omicron variant,
only to continue upward for most of 2022.
All that occurred before Russia invaded Ukraine. The president has only himself and his opposition to domestic energy production to blame.
Interior Department was recommending new regulations and fees that would drive up the cost of onshore drilling and dissuade companies from leasing the land all together.
In his second month in office, Biden reinstated the "social cost of carbon" to $51 per metric ton from $8, which is largely a made-up figure but allows the government to regulate – and prevent – domestic production much more aggressively.
The administration was begrudgingly forced into auctioning offshore leases last year, but only after a federal judge said the initial ban was illegal. Yet the ban received new life in January when a D.C. District Court judge invalidated the entire sale. There are no signs Biden will appeal the ruling.
Announcing today that the U.S. will make every effort to increase domestic oil supply would send the right signals to the market and start to put downward pressure on prices.
Biden could immediately instruct his administration to prioritize lease sale approvals and remove the self-imposed regulatory barriers causing unnecessary delays. The president could approve pending pipeline and LNG export permits, and suspend the antiquated Jones Act that prohibits domestic port-to-port shipping.
https://www.foxnews.com/opinion/biden-high-gas-prices-blame-himself
From there, gas prices rose steadily hitting $3.40 in mid-November, dipping slightly as the country dealt with the Omicron variant,
only to continue upward for most of 2022.
All that occurred before Russia invaded Ukraine. The president has only himself and his opposition to domestic energy production to blame.
Interior Department was recommending new regulations and fees that would drive up the cost of onshore drilling and dissuade companies from leasing the land all together.
In his second month in office, Biden reinstated the "social cost of carbon" to $51 per metric ton from $8, which is largely a made-up figure but allows the government to regulate – and prevent – domestic production much more aggressively.
The administration was begrudgingly forced into auctioning offshore leases last year, but only after a federal judge said the initial ban was illegal. Yet the ban received new life in January when a D.C. District Court judge invalidated the entire sale. There are no signs Biden will appeal the ruling.
Announcing today that the U.S. will make every effort to increase domestic oil supply would send the right signals to the market and start to put downward pressure on prices.
Biden could immediately instruct his administration to prioritize lease sale approvals and remove the self-imposed regulatory barriers causing unnecessary delays. The president could approve pending pipeline and LNG export permits, and suspend the antiquated Jones Act that prohibits domestic port-to-port shipping.
https://www.foxnews.com/opinion/biden-high-gas-prices-blame-himself
Putin Isn’t the One Who Banned U.S. Offshore Oil Drilling
"Number one, no more subsidies for fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period, ends, number one." Joe Biden, March 15, 2020.)
Well, whatever else we might say about Biden, we can’t say he fudged on that campaign pledge. One consequential calamity stares us in the face every time we pump gas.
https://townhall.com/columnists/humbertofontova/2022/03/12/putin-isnt-the-one-who-banned-us-offshore-oil-drilling
"Number one, no more subsidies for fossil fuel industry. No more drilling on federal lands. No more drilling, including offshore. No ability for the oil industry to continue to drill, period, ends, number one." Joe Biden, March 15, 2020.)
Well, whatever else we might say about Biden, we can’t say he fudged on that campaign pledge. One consequential calamity stares us in the face every time we pump gas.
https://townhall.com/columnists/humbertofontova/2022/03/12/putin-isnt-the-one-who-banned-us-offshore-oil-drilling
Monad Portal
Was it me?
theoretically the office has power, if a masculine and intelligent leader with half a sack is in there.
we need a white masculine nationalist non gay christian man in charge.
preferably with a ridiculous combover.
trump 2024
Althea
Althea told me...
Yes. Oil is traded on the world market. Wall St is pushing prices higher because they lost their collective shirts for almost a decade in the industry.
I think the pertinent question is 'Why are American oil companies as bad as OPEC?'
YES. PRES.MORON AND THE LIE-O-CRATS ARE LYING AGAIN.
IT WAS BUILDING LONG BEFORE THE UKRAINE INVASION.
Is that so?