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To: SeekAndFind

The only reason gas prices are coming down is because people are spending their scant resources on must have items such as food and housing. Rents are increasing in most parts of the country.


11 posted on 09/13/2022 10:16:39 AM PDT by Parley Baer (WI)
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To: Parley Baer
...."The only reason gas prices are coming down"....

Actually the main reason in the gas price drop is Biden is stealing our SPR supplies. We are down to about 40% or less in September. I'm not absolutely sure but I believe Biden will stop tapping the SPR in September, so I would imagine the price will begin to go back up unless he just sucks it dry. The hike will likely be small up until November elections, but soon rise again to $6-$8 soon after that. As long as the pipelines are blocked and no more drilling is approved, this could be the last push to shut down the country and put you in a cardboard box under a bridge.

If a ship leaves from the ME for the US, it takes about 3 months for that supply to get to the pump and affect price. If Biden lifted the embargo on drilling today, it would be about 3-4 months to support the supply. We need about 1-2 million barrels a day to stay where we are right now.

14 posted on 09/13/2022 11:09:55 AM PDT by chuckles
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