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Stephen Moore: Gas prices will reach $5 per gallon soon
Fox Business ^ | 10/25/2021 | Staff

Posted on 11/16/2021 8:09:20 AM PST by SaxxonWoods

If you look at the prices, they're rising across the board. I'm especially concerned about the energy price increases, the price of coal, the price of natural gas, the price of gasoline at the pump and oil are rising. We're, I think, about $84 a barrel now on oil. And I've got to tell your audience this is not some kind of natural event – this is a specific policy designed by the Biden administration to produce less oil and gas.

When you reduce the supply of something like we're doing because we're reducing production – we're 2 million barrels a day less in our oil production from where we were back in 2019 – and then you have a big increase in the demand as the world economy gets better from the COVID crisis, you're going to have spiked prices. And we should be reversing the curtailment of American energy right now. We should [be] building pipelines. We should be allowing drilling on federal lands, those kinds of things. And that would reverse this price increase almost overnight.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: gas; oil
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React accordingly.
1 posted on 11/16/2021 8:09:20 AM PST by SaxxonWoods
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To: SaxxonWoods

Soon? In some places that would be cheap!..................


2 posted on 11/16/2021 8:10:36 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: SaxxonWoods

I laugh. Biden voters can embrace the suck.


3 posted on 11/16/2021 8:12:36 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: Red Badger

I think California has the highest average prices at $4.68 a gallon for regular unleaded as of yesterday. But yes, certain outlying areas are already around $5.

8 states are still just under $3 so it depends on where you are.


4 posted on 11/16/2021 8:12:44 AM PST by SaxxonWoods (“There are no rules here – we're trying to accomplish something.” -Thomas A. Edison )
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To: SaxxonWoods

We are already at $5.15 a gallon for premium in Riverside, Calif. for what it’s worth.


5 posted on 11/16/2021 8:13:42 AM PST by rockinqsranch (Dems, Libs, Socialists Call 'em what you will, they all have fairies livin' in their trees)
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To: SaxxonWoods

This morning on one of the talking-head shows, they showed a station in Los Angeles charging $5.99/gallon.


6 posted on 11/16/2021 8:14:08 AM PST by SpaceBar
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To: SaxxonWoods

Good stolen elections have consequences


7 posted on 11/16/2021 8:14:53 AM PST by italianquaker
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To: SaxxonWoods

OPEC will bail us out. Right Brandon?


8 posted on 11/16/2021 8:15:36 AM PST by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: brownsfan

I laugh. Biden voters can embrace the suck.


I don’t go to any forums that lefties do....have they even been complaining about ANY of the high prices/inflation going on?


9 posted on 11/16/2021 8:15:48 AM PST by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12 )
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To: SaxxonWoods

Your dues for worshiping the eart.


10 posted on 11/16/2021 8:17:04 AM PST by bray (Our patience is wearing thin Joe)
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To: SaxxonWoods

Soon?

Now.

5.56mm


11 posted on 11/16/2021 8:17:35 AM PST by M Kehoe (Quid Pro Joe and the Ho need to go.)
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To: Jane Long

If you complain about high prices you are just embracing the right wing extremist narrative.

:-)


12 posted on 11/16/2021 8:18:04 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: brownsfan

“I laugh. Biden voters can embrace the suck.”

I love the high gas prices. People vote based on their pocketbook.

Also, as a famous economist once said, “High prices is the cure for high prices.”


13 posted on 11/16/2021 8:18:41 AM PST by Gen.Blather (Wait! I said that out loud? )
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To: Jane Long

“I don’t go to any forums that lefties do....have they even been complaining about ANY of the high prices/inflation going on?”

About a month ago someone in my city was complaining about grocery prices in a fb group for our city. Sadly, my city is moving left more and more each day. Anyway, I explained how the Biden policies were causing this poster’s discomfort. I got a 3 day timeout.

Every time I get a chance, I try to inform. Most Dems don’t know, don’t want to know. That includes family members.


14 posted on 11/16/2021 8:19:26 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: rockinqsranch

“We are already at $5.15 a gallon for premium in Riverside, Calif. for what it’s worth.”

Ow. I checked Long Beach yesterday, best regular price was $4.09, but LB is one of the cheaper places.

Gas prices leak into the entire economy of course, raising the price of everything. If you want to kill an economy, lower energy production.

OPEC+, Putin and China laughing as we sink ourselves for no reason.


15 posted on 11/16/2021 8:20:08 AM PST by SaxxonWoods (“There are no rules here – we're trying to accomplish something.” -Thomas A. Edison )
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To: Gen.Blather

The high prices are forcing the mass media into a “let them eat cake” defensive crouch....

Couldn’t happen to a nicer bunch.

;-)


16 posted on 11/16/2021 8:20:33 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: Gen.Blather

*** Also, as a famous economist once said, “High prices is the cure for high prices.” ***

I like that.

Biden is hurting me because he’s hurting our country. Any pain that comes to Biden voters makes me happy.


17 posted on 11/16/2021 8:20:52 AM PST by brownsfan (It's going to take real, serious, hard times to wake the American public.)
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To: brownsfan

The only libs that I (sometimes) associate with, are a few relatives. I haven’t heard a peep out of them, in the past few months. 🤔


18 posted on 11/16/2021 8:21:08 AM PST by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12 )
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Please Support FR
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19 posted on 11/16/2021 8:22:17 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: SaxxonWoods
Buy a horse.
Telecommute from the saddle.


20 posted on 11/16/2021 8:22:50 AM PST by GaltAdonis
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