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Gasoline prices on the rise despite high oil production in the US
The Hill ^
| 08/15/2023
| RACHEL FRAZIN
Posted on 08/15/2023 5:50:54 AM PDT by ChicagoConservative27
The average price for a gallon of gasoline in the U.S. is $3.85. That’s up nearly 30 cents from a month ago.
Prices are still lower this year than they were last year due to spikes caused by Russia’s invasion of Ukraine; however, they are at their highest point this year.
Factors influencing the high gasoline prices include oil supply cuts abroad and issues at refineries that turn crude oil into gasoline.
Oil prices are a major factor in the price of the gasoline that eventually reaches consumers at the pump. Oil prices have been on the rise over the past month or so along with gasoline prices.
Experts said that production cuts from a group of oil-producing nations known as OPEC+ since October are a major factor in the prices of both oil and gasoline.
(Excerpt) Read more at thehill.com ...
TOPICS: Business/Economy; Culture/Society; Government; Your Opinion/Questions
KEYWORDS: gasoline; oil; prices; rise
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Must be Bidenomics
To: ChicagoConservative27
“cheap” gas here in Northern CA about to hit $5.00 a gallon.
Gotta love the biden economy!!!!
To: ChicagoConservative27
Prices are still lower this year than they were last year due to spikes caused by Russia’s invasion of Ukraine... And the LIES continue.
3
posted on
08/15/2023 5:55:26 AM PDT
by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
To: ChicagoConservative27
4
posted on
08/15/2023 5:56:10 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: unixfox
(And the LIES continue.)
It’s how they keep the fools believing.....
5
posted on
08/15/2023 5:57:07 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: ChicagoConservative27
The U.S. can produce 12.8 million barrels a day and at some point one or two of the OPEC+ nations will break and increase production.
To: ChicagoConservative27
Wait, production is up? It came from the Hill so I am going to say BS on this one.
To: ChicagoConservative27
The average price for a gallon of gasoline in the U.S. is $3.85. That’s up nearly 30 cents from a month ago.The media believes this s great, another Biden success he just isn't getting credit for,.
8
posted on
08/15/2023 6:00:24 AM PDT
by
1Old Pro
To: ChicagoConservative27
America misses $1.80/gal and no inflation.
9
posted on
08/15/2023 6:02:07 AM PDT
by
bray
(You can tell who the Commies fear.)
To: Round Earther
Trump had it up over 13 million bbls per day.
10
posted on
08/15/2023 6:02:51 AM PDT
by
bray
(You can tell who the Commies fear.)
To: bray
I miss $1.38 in my area of TN
To: ChicagoConservative27
To drive everyone to the even higher priced and inferior EVs ,LOL
To: ChicagoConservative27
The Hill is nothing but a shill for leftist propaganda.
To: ChicagoConservative27
Biden is allowing this just to curry the favor of voters leading up to the 2023 election.
To: ChicagoConservative27
Deep State is still EXPORTING record amounts of our energy.
Why is that, hmmmm...?
15
posted on
08/15/2023 6:15:10 AM PDT
by
mewzilla
(We will never restore the republic if we don't first secure the ballot box.)
To: antidemoncrat
Question is voters in which country?
16
posted on
08/15/2023 6:15:49 AM PDT
by
mewzilla
(We will never restore the republic if we don't first secure the ballot box.)
To: FlipWilson
17
posted on
08/15/2023 6:41:59 AM PDT
by
V K Lee
(Our CONSTITUTION. Written with DIVINE assistance by very wise men. A document Unlike any other.)
To: unixfox
“ due to spikes caused by Russia’s invasion of Ukraine...”
The Hill is rat excrement sitting in a land fill.
18
posted on
08/15/2023 7:24:39 AM PDT
by
iamgalt
( )
To: unixfox
I paid $5.19 for premium at Costco over the weekend.
19
posted on
08/15/2023 7:54:37 AM PDT
by
T. Rustin Noone
(Igitur qui desiderat pacem, praeparet bellum)
To: hillarys cankles
I just drove through Nor al. 6 a gallon for diesel.
20
posted on
08/15/2023 8:32:40 AM PDT
by
Organic Panic
(Democrats. Memories as short as Joe Biden's eyes)
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