Posted on 09/12/2022 7:41:42 AM PDT by ChicagoConservative27
Treasury Secretary Janet Yellen admitted there is a “risk” that US gas prices will surge again this winter after months of steady declines.
Yellen cited potentially fraught conditions in Europe as members of the European Union wean off Russian oil shipments and mull the imposition of a price cap in response to the brutal invasion of Ukraine.
“It’s a risk and it’s a risk that we’re working on the price cap to try to address,” Yellen said during an appearance on CNN’s “State of the Union” on Sunday. “This winter, the European Union will cease, for the most part, buying Russian oil and in addition, they will ban the provision of services that enable Russia to ship oil by tanker. It is possible that could cause a spike in oil prices.”
“Our price cap proposal is designed to both lower Russian revenues that they use to support their economy and fight this illegal war while also maintaining Russian oil supplies to hold down global oil prices,” Yellen added
(Excerpt) Read more at nypost.com ...
She sure is trying to cover her butt a lot lately. I get the impression she has no idea what’s coming. Oh well, I don’t either, lots of variables at work out there.
As soon as mid-term elections are over the gas prices will skyrocket.
The price last week was $4.75 here.
This week it’s $5.09. Janet, is it Winter already?
There’s a whole lot of surging going on.
“And please...someone explain to these solar and wind loving folks where electricity really comes from. They still don’t get it.”
I just read that the USA gets 10% of its energy from Wind.
My first thought was, “That’s not worth the horrible visual pollution and one-time use of so much valuable non-recyclable material.
Not just gas, but home heating fuel.
I highly expect them to rise this winter — right after the mid-term election.
As soon as mid-term elections are over the gas prices will skyrocket.
Biden already talking about continuing the Strategic Reserve sales after the election to try to keep prices down.
In the very near future the prices that will soar are natural gas and heating oil. The media is doing their very best to ignore those costs in the run up to the midterm elections. But in October heating oil vendors will push their customers to fill up in preparation for winter. Heating oil is likely to be $5 to $6 per gallon this fall.
“The price last week was $4.75 here.
This week it’s $5.09. Janet, is it Winter already?”
That didn’t happen everywhere so sounds like localized delivery issue.
Quoting Yellen is no different than quoting Fauxi - both are frauds.
It may be, but if you haven’t been to the station and paying
close attention it’s pretty easy to miss it.
I watch the prices using gas buddy. Locally in western Colorado decline continues, we are down to $3.49, lowest in a long time.
Arkansas really low. California looks flat.
We all know that is going to happen.
The prices will drop until after the steal .... er, the election, and then they will really put the screws to us.
We have a price war going on here in Nashua. We have had three new stations open in the last year on Amherst Street in about a mile section.
I paid $3.34 yesterday.
Yep, right after the election.
Or perhaps right after the election?
We are. Flat to surging.
I’ve haven’t seen it in a few days.
It may have changed.
By the way, recent gas price drops are due to winter blends coming in, they are cheaper to produce than summer blends. Maybe they haven’t arrived where you are yet.
The EU has now nixed the price cap idea.
This should read: " This winter, the European Union will cease," to exist as an economic manufacturing powerhouse.
They have committed themselves to be the self-sacrifice at the alter of the New Green energy /Sustainable sunlight energy hoax.
America, with all its petroleum basins, still import most of its oil from foreign nationals who hate America,
while depleting it's own petroleum reserves in order to preserve an empty suit administration from the consequences of its own folly.
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