Gas is really going up, but no one seems to notice! (Iran, Canada)

[hogstooth]

Originally Posted by craigiri

Well, if we had a Dem POTUS it would be his fault...like it would be Obama's fault.

But since we have Trump, we take it on the chin......

I'm sure that world events have a bit of bearing on it- the price has gone up recently on spot and futures market. Also, we are entering the season of heavier use, therefore less supply.

Americans are also complacent and some have stopped buying the most efficient cars they can - that means they use more gas, meaning the companies can raise prices (supply/demand).

Thank god we have Trump and not a Hillbag Clinton MAGA

President Donald Trump blasted the oil-producing cartel OPEC on Twitter on Friday.

"Looks like OPEC is at it again," he wrote. "With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!"

https://www.cnbc.com/2018/04/20/trum...-accepted.html

[desertdetroiter]

Originally Posted by Loveshiscountry

Sometimes prices will drop in order to cause problems for a competitior. If you are getting at collusion being involved you wouldn't be off base for saying that.

Thank you.

Originally Posted by tickyul

The west-coast, UCK, $3.15 a gallon and up. I was getting gas in AZ and NM not too long ago for close to 2-bucks a gallon.

Our prices in Arizona are going up in big chunks. It ain’t even pretending to be mildly incremental.

[Mtnluver8956]

Originally Posted by LKJ1988

It's too late to change the damage that has been done. Even if i beamed every car and person off the planet it is still gonna super heat over the next 1500 years.

This is incorrect.

[LKJ1988]

Originally Posted by Mtnluver8956

This is incorrect.

Prove it then jack. I have the records where i live to see the changes that have taken place.

[Mtnluver8956]

Originally Posted by LKJ1988

Prove it then jack. I have the records where i live to see the changes that have taken place.

Maybe because I'm a climatologist? If you want details let me know. Everyone is a expert here on climate change apparently.

[moneill]

Originally Posted by hogstooth

Thank god we have Trump and not a Hillbag Clinton MAGA

President Donald Trump blasted the oil-producing cartel OPEC on Twitter on Friday.

"Looks like OPEC is at it again," he wrote. "With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!"

https://www.cnbc.com/2018/04/20/trum...-accepted.html

So what did he do other than tweet?

[Milton Miteybad]

Originally Posted by Boss

Go back a little further. You will see the decline in rigs, all an attempt to stop the price from dropping.

Was a CNBC report just about every week. Now the Saudi's, Big oil and speculators get to push the price up.

Right now the number of rigs being restarted is about 1/2 of the total in 2015. Rig count up to 1085, price should be dropping.

The rig count is a lagging indicator, responding to price signals sent by the market.

If oil prices increase and show some stability around a certain level, then the rig count will increase in response thereto, not the other way around.

The rig count doesn't directly influence the world market price of oil, contrary to the way you have expressed the relationship above.

[Old Gringo]

Gas just went up 20 cents/gal here overnight. It's the same price at every station I passed this morning.

[moneill]

Inflation creeping up -- fueled by the rising cost of gas.

[hogstooth]

Originally Posted by moneill

So what did he do other than tweet?

His tweeting has resulted in North Korea and China kowtowing to him and Korea peace talks'.MAGA

Opec reading Trump's tweet on Trump's displeasure with high oil prices will hit OPEC right in their fracking faces and oil prices will tumble MAGA