Gas prices going up (gallon, middle east, global warming, conspiracy)

[Tigger84Ag]

Gas has increased where I live by 20 cents a gallon, thank you Joe

[burdell]

Gee, do tell how he magically made that happen?

[Rumann Koch]

My gas station 'corner' nearest my house all went up $0.20 a gallon in the past few days too

There mush be a pinch in the pipeline somewhere

[LordSquidworth]

Middle East has cut production and US production is down.

[middle-aged mom]

There was a price war between Saudi and Russia last year just as global demand began to plummet due to Covid. . Saudi increased production to force Russia to behave.

https://www.forbes.com/sites/sarahha...sh=15babfd9641

Since late Summer the Saudis have been cutting production and last week, announced intentions to further cut production during the first quarter to protect their market.

https://www.bloomberg.com/news/artic...ut-in-february

70%+/- of US consumption is at the pump. The increasing electrification of global road transportation will, over time, substantially reduce demand.

Electric passenger vehicles are about 3% of the global market, right now. This is projected to grow to 10% in 2025, 28% in 2030 and 58% by 2040.

[No_Recess]

Gas prices were going up prior to Mumbles taking the oath.

[Mathguy]

Originally Posted by burdell

Gee, do tell how he magically made that happen?

Um, Bush and his oil buddies are doing it?

Just making fun of the never-ending partisan cycle of blaming the other party for everything...so now we have the right blaming Biden.

[Mathguy]

Originally Posted by middle-aged mom

There was a price war between Saudi and Russia last year just as global demand began to plummet due to Covid. . Saudi increased production to force Russia to behave.

https://www.forbes.com/sites/sarahha...sh=15babfd9641

Since late Summer the Saudis have been cutting production and last week, announced intentions to further cut production during the first quarter to protect their market.

https://www.bloomberg.com/news/artic...ut-in-february

70%+/- of US consumption is at the pump. The increasing electrification of global road transportation will, over time, substantially reduce demand.

Electric passenger vehicles are about 3% of the global market, right now. This is projected to grow to 10% in 2025, 28% in 2030 and 58% by 2040.

Good post.

Too bad you weren't in the Senate back in 2007 with facts and logic when they poisoned US opinion on the topic with politically motivated conspiracy theories.

[BoSox 15]

Originally Posted by Tigger84Ag

Gas has increased where I live by 20 cents a gallon, thank you Joe

It has been trending upwards since May. The major dips coincide with the start of COVID lockdowns and then the states started locking down again near Thanksgiving.

You know the whole supply and demand thing.

But sure, blame "Joe" and show your intelligence.

https://ycharts.com/indicators/us_gas_price

[TheGoodTheBadTheUgly]

Middle East has cut production and US production is down.

You and the left can spin it all you want. However The truth is markets are anticipating with China Joe and the global warming lunatics in charge there’s going to be war on fossil fuels!