😂😂😂 All comedy my friend. I’ve got people posting 4 pages defending Tampon Tim. Another couple pages of people trying to defend Biden/Harris record to 99% radical left supporters! 😂😂😂😂 What isn’t going well?
20 year low gas prices because of Covid? Wasn’t Trump President for 3 years prior? Or those don’t count?
here is a link showing average gas prices in the US throughout history.
please refer to the time between 2016 and 2020. gas prices were higher prior to that because we were in actual wars in the middle east. that settled down by the time trump was in office and then we started producing our own oil.
look when covid hit and the drastic decrease in price because demand was not there. remember when a barrel of oil cost less than 10 dollars? so yes, a 20 year low in gas prices due to covid.
gas today is still less expensive than it was under obama.
20 year low gas prices because of Covid? Wasn’t Trump President for 3 years prior? Or those don’t count?
Sorry. I was wrong. Gas prices were lower under Obama, averaging $2.14 a gallon by 2016. Covid was the second lowest between 2005 and 2024. They increased at the start of the Trump admin. The lack of anyone driving during Covid in 2020 gave us the lowest prices since Obama and then 2004 before that. But had it not been for that I’d posit gas prices would have been consistent at 2018/19 levels until Russia invaded Ukraine.
Doesn’t change the fact that Covid affected that downturn.
The country is slowly transitioning to electric vehicle and solar. The infrastructure just isn’t there or affordability for most Americans. Wouldn’t a policy of producing our own oil vs relying on importing from Middle East and Venezuela for say the next 15-20 years keeping transportation costs lower and lowering inflation all while building the infrastructure to transition to all electric be a more prudent policy for the country?
We supposedly have more oil reserves than anywhere in the world in Alaska.
The country is slowly transitioning to electric vehicle and solar. The infrastructure just isn’t there or affordability for most Americans. Wouldn’t a policy of producing our own oil vs relying on importing from Middle East and Venezuela for say the next 15-20 years keeping transportation costs lower and lowering inflation all while building the infrastructure to transition to all electric be a more prudent policy for the country?
We supposedly have more oil reserves than anywhere in the world in Alaska.
Having a policy that incentivizes alternate energy doesn't mean that the US isn't producing fossil fuels. Surely you know that our bpd are at record levels.
Yes it would. And that has been the exact policy of the Biden admin. We are producing more volume of oil and natural gas from American land, making us energy independent (combined with already existing clean energy annd Atomic infrastructure). All the while the American Rescue Plan has earmarked billions for investment in clean energy, improving energy storage ecosystems and giving subsidies for Americans to adaptation to solar and electric automobiles.
Do you think those policies will Improve or stay the course under Trump? He definitely wants to increase drilling (despite us currently being at an all time high), but his official positions on clean energy is that it’s not worth the investment.
Gas Prices are higher because they were at 20 year lows because of Covid. No one was buying gas. Gas prices are averaging what they were a decade ago.
Nobody was driving. I remember taking video of an empty I-5 northbound in San Diego during morning rush hour -- the La Jolla/ Genesee area, for those of you familiar with the area and what northbound traffic is like on a standard morning.
All those who seek to destroy the liberties of a democratic nation ought to know that war is the surest and shortest means to accomplish it.
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curmudgeoness
Brigadoon, foodie capital Posts: 3,990
So why is there such a disparity of gas prices 2008-2016 Obama 2016-2020 Trump and Biden 2020-2024?
Only coincidence that demand was less those 4 years during Trump? Demand was less during 2020 lockdowns for sure but not 2016-2019.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
Gas Prices are higher because they were at 20 year lows because of Covid. No one was buying gas. Gas prices are averaging what they were a decade ago.
Nobody was driving. I remember taking video of an empty I-5 northbound in San Diego during morning rush hour -- the La Jolla/ Genesee area, for those of you familiar with the area and what northbound traffic is like on a standard morning.
as a truck driver, 2020 saw me driving approx 145k miles(normal avg is 125k) for the year, and it was a drag BUT the fact there were so few cars on the road was bliss.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
So why is there such a disparity of gas prices 2008-2016 Obama 2016-2020 Trump and Biden 2020-2024?
Only coincidence that demand was less those 4 years during Trump? Demand was less during 2020 lockdowns for sure but not 2016-2019.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
Demand is one side. Supply is the other and OPEC+ is the driver behind oil production and therefore the price on the international commodity market. They target sweet brent crude at about 70-80 per barrel. That will typically be about $3.30 cents for me here in VA. Your price is dependent on your local costs and taxes.
For your other point that we should not be importing oil, that's fantasy. The oil is sold as an international commodity. What you are suggesting is nationalized oil, which is anti-capitalist by definition. And you will NEVER hear this as a suggestion from the GOP because Shell, Exxon and the rest would burn the country down before that happened.
So why is there such a disparity of gas prices 2008-2016 Obama 2016-2020 Trump and Biden 2020-2024?
Only coincidence that demand was less those 4 years during Trump? Demand was less during 2020 lockdowns for sure but not 2016-2019.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
Lots of factors but mainly the price per barrel which is dependent on global production, reserve releases and OPEC. Wars in the Middle East don’t help.
I think affixing the price of gas to a President is a bit of a fools errand seeing that other than releasing American reserves, they don’t have much input on the price. It’s like asking why did X sports team not win a championship during their admin.
So why is there such a disparity of gas prices 2008-2016 Obama 2016-2020 Trump and Biden 2020-2024?
Only coincidence that demand was less those 4 years during Trump? Demand was less during 2020 lockdowns for sure but not 2016-2019.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
Lots of factors but mainly the price per barrel which is dependent on global production, reserve releases and OPEC. Wars in the Middle East don’t help.
I think affixing the price of gas to a President is a bit of a fools errand seeing that other than releasing American reserves, they don’t have much input on the price. It’s like asking why did X sports team not win a championship during their admin.
Energy policies are a factor. I think we could produce enough oil for ourselves and to export. Lowering the price per barrel and making OPEC sweat. And OPEC should never tell the US they are slowing production either. The President should tell the Saudis we are slowing the sale of weapons and might be slowing the protection if let’s say Iran wants to start trouble.
So why is there such a disparity of gas prices 2008-2016 Obama 2016-2020 Trump and Biden 2020-2024?
Only coincidence that demand was less those 4 years during Trump? Demand was less during 2020 lockdowns for sure but not 2016-2019.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
Lots of factors but mainly the price per barrel which is dependent on global production, reserve releases and OPEC. Wars in the Middle East don’t help.
I think affixing the price of gas to a President is a bit of a fools errand seeing that other than releasing American reserves, they don’t have much input on the price. It’s like asking why did X sports team not win a championship during their admin.
Energy policies are a factor. I think we could produce enough oil for ourselves and to export. Lowering the price per barrel and making OPEC sweat. And OPEC should never tell the US they are slowing production either. The President should tell the Saudis we are slowing the sale of weapons and might be slowing the protection if let’s say Iran wants to start trouble.
Why do you think ExxonMobil, Shell and the others want to sell oil for fewer dollars per barrel? They exist to maximize shareholder value, not to give you cheap gas.
So why is there such a disparity of gas prices 2008-2016 Obama 2016-2020 Trump and Biden 2020-2024?
Only coincidence that demand was less those 4 years during Trump? Demand was less during 2020 lockdowns for sure but not 2016-2019.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
Lots of factors but mainly the price per barrel which is dependent on global production, reserve releases and OPEC. Wars in the Middle East don’t help.
I think affixing the price of gas to a President is a bit of a fools errand seeing that other than releasing American reserves, they don’t have much input on the price. It’s like asking why did X sports team not win a championship during their admin.
Lowering the price per barrel and making OPEC sweat. And OPEC should never tell the US they are slowing production either. The President should tell the Saudis we are slowing the sale of weapons and might be slowing the protection if let’s say Iran wants to start trouble.
This is exactly what happens.
But also we live in a capitalist society (and foreign countries are complicit in it as well even if they don’t believe in free markets) and people want to make money.
So why is there such a disparity of gas prices 2008-2016 Obama 2016-2020 Trump and Biden 2020-2024?
Only coincidence that demand was less those 4 years during Trump? Demand was less during 2020 lockdowns for sure but not 2016-2019.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
Lots of factors but mainly the price per barrel which is dependent on global production, reserve releases and OPEC. Wars in the Middle East don’t help.
I think affixing the price of gas to a President is a bit of a fools errand seeing that other than releasing American reserves, they don’t have much input on the price. It’s like asking why did X sports team not win a championship during their admin.
Energy policies are a factor. I think we could produce enough oil for ourselves and to export. Lowering the price per barrel and making OPEC sweat. And OPEC should never tell the US they are slowing production either. The President should tell the Saudis we are slowing the sale of weapons and might be slowing the protection if let’s say Iran wants to start trouble.
Why do you think ExxonMobil, Shell and the others want to sell oil for fewer dollars per barrel? They exist to maximize shareholder value, not to give you cheap gas.
More leases, more production, bigger market share. While undercutting OPEC, lowers transportation costs and inflation for all of us. The demand doesn’t increase or decrease enough to justify national averages $2-$5 over a few years.
So why is there such a disparity of gas prices 2008-2016 Obama 2016-2020 Trump and Biden 2020-2024?
Only coincidence that demand was less those 4 years during Trump? Demand was less during 2020 lockdowns for sure but not 2016-2019.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
Lots of factors but mainly the price per barrel which is dependent on global production, reserve releases and OPEC. Wars in the Middle East don’t help.
I think affixing the price of gas to a President is a bit of a fools errand seeing that other than releasing American reserves, they don’t have much input on the price. It’s like asking why did X sports team not win a championship during their admin.
Energy policies are a factor. I think we could produce enough oil for ourselves and to export. Lowering the price per barrel and making OPEC sweat. And OPEC should never tell the US they are slowing production either. The President should tell the Saudis we are slowing the sale of weapons and might be slowing the protection if let’s say Iran wants to start trouble.
Why do you think ExxonMobil, Shell and the others want to sell oil for fewer dollars per barrel? They exist to maximize shareholder value, not to give you cheap gas.
More leases, more production, bigger market share. While undercutting OPEC, lowers transportation costs and inflation for all of us. The demand doesn’t increase or decrease enough to justify national averages $2-$5 over a few years.
But again, why do you think oil companies want to sell oil for fewer dollars per barrel? For example, they would never EVER willingly produce so much oil that it goes below $40 per barrel. That is below the shut down price for fracking. Meaning, it costs more to produce the oil than their price per barrel. Can't have that.
You seem to be under the mistaken belief that maximizing top line revenue is a business objective. It never is. Never. Gobbling up hte most number of leases and maximizing output only increases revenue. It also decreases margin and that is a much more important financial metric.
Consumers have demonstrated they will (have to?) pay that much. No incentive for the oil companies to change it. Especially when they see the writing is in the wall that they are in their way out. May as well get it while you can.
Years down the line we may sell our barrels to other countries when we don’t consume as much and have adapted to cleaner tech. But right now, it’s about stockpiling.
Years down the line we may sell our barrels to other countries when we don’t consume as much and have adapted to cleaner tech. But right now, it’s about stockpiling.
There's no such thing as US oil. It's all sold on the commodities market.
Jeez, look at corporate profits for the US oil and gas industry. While not the sole culprit, it’s certainly a factor. It takes Congress to pass tax legislation to make them “pay their fair share.” We know who’s been in charge of the house of late.
Jeez, look at corporate profits for the US oil and gas industry. While not the sole culprit, it’s certainly a factor. It takes Congress to pass tax legislation to make them “pay their fair share.” We know who’s been in charge of the house of late.
Biden ran in making “them” pay their fair share. Now Kamala is. It’s a sound bite. No one is making corporations pay their fair share. Ever.
Jeez, look at corporate profits for the US oil and gas industry. While not the sole culprit, it’s certainly a factor. It takes Congress to pass tax legislation to make them “pay their fair share.” We know who’s been in charge of the house of late.
Biden ran in making “them” pay their fair share. Now Kamala is. It’s a sound bite. No one is making corporations pay their fair share. Ever.
Elect more dems to congress and let the POOTWH era tax cuts expire.
Consumers have demonstrated they will (have to?) pay that much. No incentive for the oil companies to change it. Especially when they see the writing is in the wall that they are in their way out. May as well get it while you can.
Still doesn’t explain the disparity in National Average in the last 1-15 years. Outside of Covid the demand didn’t vary much. You could even argue demand is less with more electric cars on the road every day. But averages ranged from $2- close to $5 a gallon. There’s manipulation to the market.
Comments
this really isn't going well for you, is it?
"Well, you tell him that I don't talk to suckas."
please refer to the time between 2016 and 2020. gas prices were higher prior to that because we were in actual wars in the middle east. that settled down by the time trump was in office and then we started producing our own oil.
look when covid hit and the drastic decrease in price because demand was not there. remember when a barrel of oil cost less than 10 dollars? so yes, a 20 year low in gas prices due to covid.
gas today is still less expensive than it was under obama.
https://www.titlemax.com/discovery-center/average-gas-prices-through-history/
"Well, you tell him that I don't talk to suckas."
We supposedly have more oil reserves than anywhere in the world in Alaska.
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=mcrfpus2&f=m
Nobody was driving. I remember taking video of an empty I-5 northbound in San Diego during morning rush hour -- the La Jolla/ Genesee area, for those of you familiar with the area and what northbound traffic is like on a standard morning.
Transportation costs are what has been the driver of inflation during 2021-present. Is it just corporate greed then? That was a campaign promise of Biden and now Harris. To go after them, make them pay their fair share, or was that just something else they didn’t deliver.
The country should not be importing from OPEC or anyone else. Why not allow unlimited drilling and regulate the oil companies? Allow them to export. Lower all Americans costs? Seems like a logical solution.
as a truck driver, 2020 saw me driving approx 145k miles(normal avg is 125k) for the year, and it was a drag BUT the fact there were so few cars on the road was bliss.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
For your other point that we should not be importing oil, that's fantasy. The oil is sold as an international commodity. What you are suggesting is nationalized oil, which is anti-capitalist by definition. And you will NEVER hear this as a suggestion from the GOP because Shell, Exxon and the rest would burn the country down before that happened.
You seem to be under the mistaken belief that maximizing top line revenue is a business objective. It never is. Never. Gobbling up hte most number of leases and maximizing output only increases revenue. It also decreases margin and that is a much more important financial metric.
Libtardaplorable©. And proud of it.
Brilliantati©
Libtardaplorable©. And proud of it.
Brilliantati©