Ok gas prices are getting ridiculous....Regular in this car?

[WF19]

I was going to blame Obama cause he got blamed for everything else.?

True dat.

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[SmokeGhost]

Everyone blames the guy they didnt vote for.

but dems are what I would call a “target rich environment”.

but hey ol biden gonna release oil from the strategic reserve. which if used at full capacity at our current daily usage; It would last a little over a month.

 

[Doc_Mello]

Finally "IT" has finally been admitted! The people with the big money are calling the shots...

"Investors in energy stocks have been a bit thrown off by the volatility, so they're looking more for energy firms to pay back down their debt, or return money to shareholders, rather than going and investing in new wells — even if those new wells would be profitable," Ashworth said.

In other words, many companies are choosing to enjoy their high profits rather than increase the supply of oil. That's despite the relatively low oil price they would need to turn a profit. On a different Dallas Fed question, executives said oil prices between $23 and $38 a barrel, on average, would cover the cost of drilling new wells.

"Investors have demanded restraint and capital discipline of their client companies," one survey taker told the Dallas Fed.

Given the metric s**t ton of barrels Biden ordered released today, if prices don't decrease over the next few months, then I think we can basically throw the theory of S&D out the window. Prices failing to reduce in the face of massive supply without any change in demand is 'smoking gun' evidence for how markets are governed by greed, NOT by the S&D curve, like many economists argue. We'll see. Of course, the reason will be 'demand suddenly increased beyond expectations!'

 

[s2kdriver80]

Given the metric s**t ton of barrels Biden ordered released today, if prices don't decrease over the next few months, then I think we can basically throw the theory of S&D out the window. Prices failing to reduce in the face of massive supply without any change in demand is 'smoking gun' evidence for how markets are governed by greed, NOT by the S&D curve, like many economists argue. We'll see. Of course, the reason will be 'demand suddenly increased beyond expectations!'

Honestly, I don't think it's going to make much of a dent in prices at the pump, maybe a few cents at the most. We consume like 20+ million barrels per day as it is. Didn't he release like 50 million last year? Didn't do squat. It's like how they insulted us bragging that last year's Fourth of July cost 16 cents less to celebrate. This is more political posturing than a meaningful relief. Because the government must have the "appearance of doing something".

 

[Fountainhead]

It's a free market. If any of us were in the oil barons' positions, we'd do the same thing.
They're not making any new kinds of people. Greed, Envy, Hatred, just like always...would be nice to see sub 3.00 gas again though...those days may be gone forever even though the reason is not.

 

[ez12a]

but hey ol biden gonna release oil from the strategic reserve. which if used at full capacity at our current daily usage; It would last a little over a month.

I feel like this is an argument for EVs or alternative fuels.

in any case, prices at the pump have started going down finally, even in Cali. You can thank China for the drop in demand and the increase in oil production and the release from SPR.

 

[Spartan-033]

I know I am late to the party here BUT I use apps like “GetUpside” to help give me money back. It doesn’t help upfront, but overtime it can help a tiny bit.

I also have T-Mobile and every Tuesday they give customers an extra$.5-.10 off per gallon. Ironically, on 2/22/22 (when prices were starting to get a bit crazy) they gave everyone $.22/gal off.

GetUpside just ended a program giving $.40/gal a few weeks ago.

 

[GTWaggin']

$5:69 today, but at 32.4 mpg, I'm glad I didn't buy the Chevy SS! (Lots of gentle highway miles, I'm probably not having enough fun with my R).

 

[NapalmEnema]

My sisters ZL1 gets 8mpg lol.

 

[Shankmeyster]

Over $6 in Phoenix for prem now. They've pointed out lately that there are still refineries and oil fields that are idled or shut down in the US so that doesn't help anything.

 

[Civics4Ever]

Don't know what to believe anymore. Is it the oil companies? Why haven't we seen $6 a gallon before? Is it the shitty government? It's full of dumbasses now, so who knows. As usual, we the voters get reamed.

 

[MediaMaster]

Don't know what to believe anymore. Is it the oil companies? Why haven't we seen $6 a gallon before? Is it the shitty government? It's full of dumbasses now, so who knows. As usual, we the voters get reamed.

Most of the dumb asses left with the prior administration and the head dumb ass. So we are left with oil company profits (sky high) or maybe the worlds political problems now.

 

[Civics4Ever]

Most of the dumb asses left with the prior administration and the head dumb ass.

Maybe true, but whoever is in there never makes anything better for you and me. Our government needs a restructuring because the current way of doing things sucks.

 

[Vrait]

If one cannot afford gas in their car because its dollar higher, they never could afford the car in the first place.

Hopefully prices will drop eventually.

 

[RepyT]

They’re purposely killing off fossil fuel cars by driving us broke.

Speaking of REDiculous, there’s nothing regular in this car.

Octane on.

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