[pepsi_junkie]

Two of those three were happening in 2017 and 2018 and 2019 and even 2020. Gas was low, low, low. War in Ukraine? Well, they shouldn't bother us because we're energy independent and a net exporter of oil ... wait, what? We're not anymore? When did that happen? Oh. 2021.

Well that cant have anything to do with it. Its people worried about a possible hurricane someday.

[ProtectOurFreedom]

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.

[JD_UTDallas]

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.