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Deputy Treasury Sec’y: ‘Gas Prices Should Continue Coming Down,’ Gas Station Owners Should Lower Prices
bre ^ | 10/8/2022 | Ian Hantchett

Posted on 10/08/2022 11:03:22 AM PDT by rktman

On Friday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Deputy Treasury Secretary Wally Adeyemo said that the Biden administration thinks gas prices “should continue coming down,” and there have been “historic spreads between the cost of crude oil and the cost that’s being paid at the pump. So, we’re calling on those who own those gas stations to bring down the price.”

Host Andrea Mitchell asked, “Bottom line, can you do anything to bring down gas prices between now and the election a month from now?”

Adeyemo responded, “So, Andrea, we think that gas prices should continue coming down, because we’ve seen historic spreads between the cost of crude oil and the cost that’s being paid at the pump. So, we’re calling on those who own those gas stations to bring down the price. But in addition to that, we’ve already seen that, over the course of this last month, we’ve seen a release of the SPR that has helped to keep prices lower than they were at their highs this summer. And we’re committed to taking every other action that we can to try and bring down prices over the course of the next few days, the next few months, and over the course of the next years because we know how important this is to the American people.”

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


TOPICS: Business/Economy; Crime/Corruption; Politics/Elections
KEYWORDS: andreamitchell; bidengas; childrenincharge; dumbassery; fidiots; gasprices; oil; thechildrenincharge; wallyadeyemo
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To: rktman

She said that this Friday? After OPEC announced a 2 billion barrel cut in production? That means that she is purposely lying.

She also admits that President Biden is using the strategic oil reserve to lower gasoline prices. My god. There are only 25 days worth of gasoline left in the reserve. Biden just released $10 million barrels from the reserve, which only offsets 5 days of the OPEC costs.

Given 30 days to the midterm elections, that means 30/5 equals 60 million more barrels that they will have to release from the strategic reserve, just to hold prices. They would need to release more to bring prices down. Insanity!


81 posted on 10/08/2022 12:48:17 PM PDT by Toughluck_freeper
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To: SaveFerris

I quote John Lennon, “I don’t believe in Beatles, I just believe in me.”


82 posted on 10/08/2022 12:49:20 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: ConservativeInPA

I heard yesterday there’s 22 days of oil left in the SPR.

Oh, that is a relief, that should take us through the election. Had me worried for a minute./S Great timing!

That should be enough time to empty Red Hill Bulk fuel in HI of all the fuel in the Pacific fleet reserve.

We have no need of all that pesky reserve fuel/oil, and besides, it can be shipped to California and bring fuel costs down in California for a few weeks.

I am sure we have plenty of other fuel reserves.

https://news.usni.org/2022/10/08/hawaii-to-allow-dod-to-start-removing-remaining-fuel-in-red-hill-pipes

https://health.hawaii.gov/news/newsroom/doh-conditionally-approves-first-phase-of-red-hill-defueling/

https://health.hawaii.gov/about/files/2022/10/01_Unpack-CONOP-Rev-14-26-September-2022_Redacted.pdf


83 posted on 10/08/2022 12:53:24 PM PDT by Paperpusher (Gal 5:15 But if ye bite and devour one another, take heed that ye be not consumed one of another.)
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To: Toughluck_freeper

Wally Adeyemo Is a Nigerian male, so obviously an expect in retail petroleum products pricing.

You can make money by helping him get his Nigerian inheritance out of Nigeria!


84 posted on 10/08/2022 12:54:47 PM PDT by jjotto ( Blessed are You LORD, who crushes enemies and subdues the wicked.)
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To: rktman

It is kind of scary how many people in Brandon’s Treasury Department have no understanding of even basic economics.


85 posted on 10/08/2022 1:02:39 PM PDT by Bubba_Leroy (Dementia Joe is Not My President)
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To: Bubba_Leroy

Its also kind of scary that they tell the amount of reserve oil we have and when we shut down massive fuel reserves.


86 posted on 10/08/2022 1:21:07 PM PDT by Paperpusher (Gal 5:15 But if ye bite and devour one another, take heed that ye be not consumed one of another.)
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To: rktman

My Ethanol Free 90oct Premium has gone up from $5.16 to $5.29/gal, since Friday. It’s now $132.25 to fill up the 2019 Jeep Grand Cherokee HEMI V8’s 25gal tank.

It is what it is, for the next 2+ years of Bidet&Co’s socialism/communism, and maybe beyond.


87 posted on 10/08/2022 1:31:15 PM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: HartleyMBaldwin

Mr. mm does engineering consultant work and keeps tabs on the prices of various fuels.

He said that propane has not risen as much as anything else and has no clue why, but is not complaining.

We have a propane tank to fill before winter. Our driveway is not big truck friendly when it gets snowy and icy.


88 posted on 10/08/2022 1:35:23 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith….)
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To: rktman

Did he wave his magic wand and sprinkle fairy dust when he commanded this to happen?


89 posted on 10/08/2022 1:45:13 PM PDT by NWFree (Somebody has to say it 🤪)
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To: Carriage Hill

Yup. $105 to fill my Ram and it still had a quarter tank! 😡👎


90 posted on 10/08/2022 1:45:38 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: metmom

That’s good to know. Our propane service prefers that we get down near 20% before they come out, and we’re still close to 40%, so it might be Thanksgiving before we fill for this winter. Haven’t started to heat the house yet, and cooking/heating water/drying clothes only uses so much.


91 posted on 10/08/2022 1:46:57 PM PDT by HartleyMBaldwin
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To: rktman
To the walking Brain Donor:
"Gas has gone up, here in New Jersey 14 Cents a gallon, in the last 3 days.

NICE TRY

92 posted on 10/08/2022 1:50:53 PM PDT by fedupjohn (Waiting for Trump's new Caribbean Resort "Club Gitmo" to open for business! )
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To: SaveFerris

Yep, you can bet they are planning something. I like how Fauci said yesterday a more dangerous Covid is coming back. Oh! What a surprise!

https://www.cnbc.com/2022/10/07/dr-fauci-new-more-dangerous-covid-variant-could-emerge-this-winter.html


93 posted on 10/08/2022 2:07:12 PM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: CFW

If I were operating a business and the government had said they were going to shutdown my business in the near future- but wanted me to lower my prices?


94 posted on 10/08/2022 4:02:21 PM PDT by dvan (Send Them Home!Napolatono)
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To: rktman
"we’re committed to taking every other action that we can to try..."

Except opening new drilling and to stop interfering with oil companies.

95 posted on 10/08/2022 4:04:26 PM PDT by dvan (Send Them Home!Napolatono)
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To: TexasGator

When the politicians in charge have absolutely no business experience or common sense- what can you expect?


96 posted on 10/08/2022 4:06:57 PM PDT by dvan (Send Them Home!Napolatono)
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To: rktman

Of course Biden’s energy policies or his bungling the situation with OPEC couldn’t have anything to do with it at all. It can only be the retailers at the end of the chain who are insidiously making a few cents a gallon if they are lucky


97 posted on 10/08/2022 5:22:39 PM PDT by Colorado Doug (Now I know how the Indians felt to be sold out for a few beads and trinkets)
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