Posted on 06/05/2022 8:29:38 AM PDT by mikelets456
But between European Union politics, the risk of extreme weather and increased demand due to the summer driving season, there’s likely no relief coming anytime soon.
“I think in New Jersey, along with the nation, the average price for regular will surpass $5 a gallon,” Patrick De Haan, Gas Buddy petroleum expert, told NJ Advance Media. “It is not a great time to be a motorist and painful when you fill up and see 20 gallons hit $100.”
(Excerpt) Read more at nj.com ...
NJ voters missed their opportunity to change course in the gubernatorial election. Feel free to make up for it this November.
Unbelievable. Maybe New Jerseyites believe if, though.
1. European Union politics
2. Risk of extreme weather
3. Increased demand due to the summer driving season
The RISK of extreme weather? Something that MIGHT happen? Petroleum companies and utilities are the best there are at managing and hedging against weather risk.
And that pesky increase in summer demand? That’s never happened before. It’s impossible to plan for that, right?
What a bunch of malarkey, to borrow a word from the world’s most famous dementia man.
Unfortunately, we had a linguine-spined RINO running against Phail Murphy.
They blame everyone except Bidet and the Democrats—classic shell game.
Murphy stole it fair and square.
Murphy stole it fair and square.
Well that cant have anything to do with it. Its people worried about a possible hurricane someday.
I will never ever ever vote for Chris Christie for anything.
On day one, Quisling Puppet Joe Biden shut down the Keystone Pipeline. That started the chain reaction to high gas prices we have now. It was ALL done on purpose.
Never forget: Puppet President Vidkun Quisling of Norway was executed by firing squad for treason against the state.
https://en.wikipedia.org/wiki/Vidkun_Quisling
"Jack!" ran a terrible campaign. Posters that said nothing but "Jack!" and nothing else. Capaign ads that said "I vacation in New Jersey, not in Italy!" Did he address lockdowns that nobody wanted to continue? Nope. Did he address taxes and regulations that are making it absurdly expensive in NJ? Nope. Did he talk about the cost of car insurance? No, both parties have moved on from that one ... they will never help us. Did he discuss the unbelievable cliff in unfunded state pension liabilities? Nope. Did he discuss property taxes?? Nope.
'Hi I'm Jack, I'm a regular guy! Not rich like Murphy! Vote for me' That was it. And he still almost won. Imagine if a real candidate who talked about real issues might have done.
California is by far the most heavily taxed state.
Exactly right. By your logical elimination, all that’s left is people worrying about a possible future hurricane someday. Or it could be they are worried about a one degree rise in average temperatures 100 years from now.
Either way, that worry is making gas prices soar. No doubt about that at all.
One big reason behind gas prices never going down ... they keep shuttering oil refineries along the Delaware River.
Yes you are right, it's the highest. But maybe not by as far as you think. This is the breakdown of who has the highest average income tax rates.
Cali is at the top but NJ is within shooting distance. But there's more to taxes than state income tax. For exsample take into account that NJ has WAAAY higher property taxes than California (I've left a room full of people in California with their jaws on their floor when I told them what we pay in property taxes). I'm talking like double here.
I've never seen a stat on this but I suspect Cali isn't as far ahead as you think if you take all the taxes into account.
In those years the USA didn’t shutdown then decommission and disassemble over a million barrels per day of refinery capacity. That million bbls are never coming back. This is a structurally different market after covid and the demand destruction from that. The world is a different place than 2019. That world is not coming back we as a society have to adapt to the new world. One where there is a shortage of refinery capacity and the fiscal entities are not going to finance a build out of new refinery capacity when demand will be dropping in the future due to global policy, laws and energy transitions. No VC or Wall Street hedge fund is going to bank roll a multibillion dollar refinery with a 20+ year payback period in today’s world. What we have is what we got to work with.
/eyeroll
Biden continues the “transition away from fossil fuels”.
Just another way of saying he is ending the oil industry.
THE RISING TIDE OF RACISM AND HOMOPHOBIA IN THE AMERIKKKAN REICH!
Yup to all of that.
[spit]
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