Posted on 02/08/2021 8:22:04 AM PST by AAABEST
"The foundation of the rise is the fact that the coronavirus situation continues to improve, pushing global oil demand higher as production continues to lag, pushing U.S. gas prices higher," said Patrick De Haan, head of petroleum analysis for GasBuddy. "Until OPEC intercedes and raises oil production in the months ahead, motorists should continue to expect rising gas prices."
(Excerpt) Read more at houstonchronicle.com ...
I knew oil was a "buy" Xiden got in and started working with the CCP on killing domestic oil production.
Forgot the damn date - which is today.
Prices will go much higher, possibly back to Obama levels.
It aint rocket science.
What a joke...blaming the virus for higher oi prices...BAAAWWWAAAHHHH
Decrease supply, increase demand, Voila!
Rich politician’s!
Yes, what BS. This is how it’s going to be from now on. When Democrats are in power, bad news will be spun to be good news. The reverse will happen when (if?) Republicans are in power again. In spite of the fact that the Republicans do almost nothing when they are in power.
All the idiots around here are betting on electric cars and batteries.
Regular folks cant afford that crap
Venezuelan commies were greedy and at least tried to take over the means of production - our commies just order domestic production to be destroyed-in-place.
The energy market is rigged
Well, I’m no one’s “head of petroleum analysis”, but I thought the decrease in production, and thus the rise in prices, might have something to do with stopping a major pipeline and severely restricting oil production on federal land.
Get ready for $4-$5 a ga gas.
When Obama was in office I could not fill up my truck on a single transaction at the pump as it cut off at $75, I would have to run the card again..
And I just have a 25 ga tank.
Get ready for $4-$5 a ga gas.
When Obama was in office I could not fill up my truck on a single transaction at the pump as it cut off at $75, I would have to run the card again..
And I just have a 25 ga tank.
Yessir.
Yessir.
Plus .30cents already in florida. Was 2.10 now $2.48 locally East Coast Mid State
Hows that for looking out for the middle class Joey and the fools who believed him
I was looking at some older photos in my DIL’s photo album. Was during the Obozo regime and she happened to capture the gas price sign. Was almost $4 a gallon. I predict it will go MUCH higher than that under Chairman Stolen.
If anything the virus is reducing travel and is help keeping prices from skyrocketing as fast as they could
There are players who can increase/decrease the flow and others who try to manipulate prices in various ways, but it's such a ubiquitous, diversely-held commodity used by all humans that it's very difficult to manipulate prices in any significant way outside of supply/demand.
The Arabs and Iranians can't really control oil - or they would. Neither can the Americans - North or South.
"Rigged" is actually why I stay out of stocks and why I'm in oil
which would be fascism
My truck, which I have to use everyday, takes $125 gallons to fill. Thankfully I have customers to pass that expense on to but this is still insane
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