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Gas prices hit 8-month high as oil prices soar — and there’s no relief in sight
NY Post ^ | 7/28/2023 | Shannon Thaler

Posted on 07/28/2023 8:32:47 AM PDT by ChicagoConservative27

Prices at the pump in the US hit an eight-month high this week — boosted by the increased cost of crude oil as producers slash output.

According to roadside assistance company AAA, as of Friday, the average national gas price is $3.73 per gallon for regular gas — up 20 cents from last month’s average.

The more fuel-efficient premium gas, meanwhile, has surged to nearly $4.50 — also a 20-cent increase from June.

California’s average is the highest, at $4.95 per gallon of regular gas. In counties like Mono, for example, located just outside Yosemite National Park, the price per gallon has soared to an eye-watering $6.05, according to figures by AAA.

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


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: gas; high; oil; prices
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To: ChicagoConservative27

Just buy an EV. Problem solved! /sarc


21 posted on 07/28/2023 9:06:45 AM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: ChicagoConservative27

Much of what is happening that is bad will be blamed on climate change, which of course, is meant to condemn capitalism and Republicans. Vote Democrat! is the underlying message of all these garbage stories.


22 posted on 07/28/2023 9:09:26 AM PDT by Dan in Wichita
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To: Shady

You could argue that Biden admin policy has hindered the increase in US oil production, but it is still headed back up to the 2019 record and may exceed it this year.

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MCRFPUS2&f=M


23 posted on 07/28/2023 9:13:48 AM PDT by buwaya (Strategic imperatives )
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To: Shady

The US President has a great effect.

In part by his policy vs US production, but that is not fully under his control, there are lots of extraneous factors, especially global prices.

In larger part through his ability (not every President or his admin can actually make this work) to diplomatically influence other producers, critically the Saudis.


24 posted on 07/28/2023 9:18:34 AM PDT by buwaya (Strategic imperatives )
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To: ChicagoConservative27

The United States still produces more oil than any other country and is now producing ~12,000,000 barrels a day.

However, Saudi Arabia has cut production but with the price of oil increasing, other OPEC nations will increase production and that will decrease the price.


25 posted on 07/28/2023 9:19:48 AM PDT by Round Earther
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To: ChicagoConservative27

Up 15¢ in the past week where I live (upstate NY).


26 posted on 07/28/2023 9:22:58 AM PDT by Jack023
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To: ChicagoConservative27

Thank God that fuel isn’t figured into the engineered inflation figure. Otherwise, we’d be toast!


27 posted on 07/28/2023 9:23:33 AM PDT by fwdude (Conservatism isn't just an ingredient you can add to a sh*t stew & call it good. It's comprehensive.)
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To: ChicagoConservative27

How’s that embargo going Joey? The EU price cap on Russian oil was $60....we’re at $80


28 posted on 07/28/2023 9:24:55 AM PDT by wardamneagle
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To: ChicagoConservative27

“The more fuel-efficient premium gas”

Not for most cars, and the increased fuel efficiency of high-compression engines that require it doesn’t fully offset its increased price.

High compression engines are for more power per engine weight, not for lower operating costs.

If premium gas was the efficiency champion, we wouldn’t have regular gas.


29 posted on 07/28/2023 9:26:43 AM PDT by cymbeline
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To: Tell It Right

“It’s almost like it’s done on purpose.”

LOL! OPEC has been influencing prices since 1960.


30 posted on 07/28/2023 9:28:25 AM PDT by TexasGator
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To: TexasGator
LOL! OPEC has been influencing prices since 1960.

Only because we let them. OPEC was hardly a thang when Trump was prez.

31 posted on 07/28/2023 9:34:35 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: ChicagoConservative27

Well, there’s always the Strategic Petroleum Rese.......... Oh. Never mind. Besides, it was only a few days worth.


32 posted on 07/28/2023 9:40:38 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉)
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To: ChicagoConservative27

Thanks groper Joe for shutting down everything good about America....you POS!!


33 posted on 07/28/2023 9:40:39 AM PDT by high info voter (Delivery )
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To: desertsolitaire
The high gas prices and inflation this will cause from everything that oil is used to make and transport will hang like an anvil around Biden’s re-election “campaign”.

"I know more about oil markets than you do, Jack! So stop being a dog-faced pony soldier!"

34 posted on 07/28/2023 9:43:28 AM PDT by Tolerance Sucks Rocks (FBI out of Florida!)
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To: Tell It Right
I'd rather win the battle to unleash the free market in fracking than win the battle on the pipeline.

I prefer to win both battles.

35 posted on 07/28/2023 9:49:36 AM PDT by cpdiii (cane cutter-deckhand-roughneck-geologist- instructor pilot-almost chemist-pharmacist-retired.)
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To: ChicagoConservative27; metmom; 4everontheRight; 4Liberty; 5thGenTexan; 45semi; 101stAirborneVet; ...
Prepper Ping - Gasoline prices increasing during summer season

"Prices at the pump in the US hit an eight-month high this week — boosted by the increased cost of crude oil as producers slash output."

"According to roadside assistance company AAA, as of Friday, the average national gas price is $3.73 per gallon for regular gas
— up 20 cents from last month’s average.
The more fuel-efficient premium gas, meanwhile, has surged to nearly $4.50 — also a 20-cent increase from June."

"California’s average is the highest, at $4.95 per gallon of regular gas.
In counties like Mono, for example, located just outside Yosemite National Park,
the price per gallon has soared to an eye-watering $6.05, according to figures by AAA."

(From another NY Post article posted 6/23) :
“The voluntary cut is on top of a broader deal by the Organization of the Petroleum Exporting Countries
and allies including Russia to limit supply into 2024 as the OPEC+ producer group seeks to boost flagging oil prices.
OPEC+ pumps about 40% of the world’s crude and has cut its output target by a total of 3.66 million bpd, amounting to 3.6% of global demand.”

36 posted on 07/28/2023 10:00:39 AM PDT by Tilted Irish Kilt
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To: ChicagoConservative27
Washington state is now the proud owner of the most expensive gasoline in the USA.

Our voters, legislators, and governor decided a while ago that companies involved in the production, supply, or sale of energy in Washington state must purchase state "Carbon Credits."

Although I am confused about who buys and sells these Credits, it appears (in news accounts) that Washington state has already received more than $500 million in Carbon Credit cash.

I am guessing the state is selling Carbon Credits to traders and speculators who are creating a market place for Credits.

The state is "investing" this revenue in Green Energy projects. Their current favorite is a local company that is refining Green aviation fuel (betcha can't wait to fly on those planes, right!).

Washington state government is also in a sudden state of political panic because non-Green energy companies are passing the cost of Carbon Credits directly onto Washington state consumers (thus, our super expensive gas)!

The governor has ordered (without any legal authority) that non-Green energy companies must allow state auditors to examine their financial accounts to see if they are colluding with other non-Green energy companies.

The Seattle Times and King County TV news stations do such pitiful reporting on this issue that no one in the general public understands exactly what is happening.

37 posted on 07/28/2023 10:01:44 AM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: Tilted Irish Kilt
> "...In counties like Mono, for example, located just outside Yosemite National Park, the price per gallon has soared to an eye-watering $6.05, according to figures by AAA..."

Nah, that eye-watering is tears of joy. Why? Because the gas pumps haven't had to add an extra digit to the price banners.

Yet.

Do y'all remember when the price of gas exceeded $0.99 in 1980, and suddenly all the pumps had to add another digit for the "dollars" amount?

You just wait. $10/gal gas is coming, all too soon.

Then your eyes will be watering with tears of rage, but you won't be able to do d@mned thing except cough it up.

38 posted on 07/28/2023 10:47:53 AM PDT by dayglored (Strange Women Lying In Ponds Distributing Swords! Arthur Pendragon in 2024)
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To: Tolerance Sucks Rocks

Thanks, that made me smile on a day that has been difficult to smile much.


39 posted on 07/28/2023 10:55:29 AM PDT by desertsolitaire ( )
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To: ChicagoConservative27

40 posted on 07/28/2023 10:57:00 AM PDT by MinorityRepublican
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