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Keyword: gasoline

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  • Heartaches On Heartaches! US Court Ruling May Take 70,000 Truckers Off Road, Spur Jams (Diesel Prices UP 118% Under Biden, Things Just Keep Getting Worse)

    07/03/2022 5:28:08 AM PDT · by Browns Ultra Fan · 48 replies
    Confounded Interest ^ | 07/03/2022 | Anthony B. Sanders
    Hey, I thought Mayor Pete Buttigieg, the US Transportation Secretary, was supposed to unclog the supply-chain crisis! Instead, we get heartaches on heartaches as diesel prices rise 118% under Biden AND now the bottle-necks may get a lot worse. A US Supreme Court decision that could force California’s 70,000 truck owner-operators to stop driving is set to create another choke point in already-stressed West Coast logistics networks, a truckers’ organization said. “Gasoline has been poured on the fire that is our ongoing supply-chain crisis,” the California Trucking Association said in a statement following the Supreme Court’s decision to deny a...
  • Biden's tweet threatening gas stations

    07/02/2022 11:50:49 PM PDT · by RandFan · 138 replies
    twitter ^ | July 2 | Joe Biden
    @POTUS My message to the companies running gas stations and setting prices at the pump is simple: this is a time of war and global peril. Bring down the price you are charging at the pump to reflect the cost you’re paying for the product. And do it now.
  • Wipe Out! Bitcoin Falls Below $20,000 As Crypto Slaughter Continues (Good Luck With Soaring Gasoline And Food Prices On July 4th Weekend!)

    07/02/2022 7:06:28 AM PDT · by Browns Ultra Fan · 25 replies
    Confounded Interest ^ | 07/02/2022 | Anthony B. Sanders
    Wipe out! Crypto markets have slumped, adding to a decline that has wiped away some $2 trillion of market value and left market participants uneasy heading into the long Fourth of July weekend. Bitcoin has fallen below $20,000 as the US Dollar strengthens. At least Dogecoin is up today. Enjoy your expensive 4th of July weekend! As long as you don’t eat much due to expensive food prices or drive anywhere due to high gasoline prices. At least the Biden Administration is doing what The New World Order is making them do. Or The Liberal World Order. Biden looks like...
  • White House Is Quietly Modeling For $200 Oil “Shock”

    06/29/2022 11:24:19 AM PDT · by blam · 27 replies
    Zubu Brothers ^ | 6-29-2022
    While the Biden administration is hoping and praying that someone – anyone – will watch the comical “Jan 6” kangaroo hearsay court taking place in Congress and meant to somehow block Trump from running for president in 2024 while also making hundreds of millions of Americans forget that the current administration could very well be the worst in US history, it is quietly preparing for the worst. As none other than pro-Biden propaganda spinmaster CNN reports, when it comes to what really matters (at least according to Gallup), namely the economy, and specifically galloping gasoline prices, the White House is...
  • The Gas Tax Holiday Only Saves Us 18 Cents Per Gallon

    06/29/2022 9:49:45 AM PDT · by SeekAndFind · 18 replies
    Brownstone Research ^ | 06/29/2022 | Jeff Brown
    What the heck are we going to do about the sky-high price of gasoline? I know that everyone is feeling it right now… It’s one of the most pressing questions in the current economic environment. And no, a three-month holiday on the federal gasoline tax won’t solve the problem. Here’s how the costs of gasoline (& diesel) break down: As we can see above, taxes make up only 11% of the total price of a gallon of gasoline. And the federal gas tax is just 18.4 cents. For a 25-gallon tank, that amounts to a mere $4.60 savings. That’s enough...
  • The Gas Inflation Crisis Is Far From Over – Where Will Prices Finally Stop?

    06/25/2022 2:08:18 PM PDT · by blam · 18 replies
    Zubu Brothers ^ | 6-25-2022 | Brandon Smith via
    After a single Federal Reserve rate hike of 75bps I am noticing a trend among mainstream economists whipping out their crystal balls and predicting an almost immediate reversion to deflationary conditions. In their view, a recession will “balance everything out.” For most of these people I would suggest that they keep their crystal balls in their pants; they have been consistently wrong and it’s time for them to shut up. If you were predicting that inflation would be “transitory” last year, then you have no right to act like you are an economist today. It’s going to take a lot...
  • Weekend Update! Fed Quantitative Frightening, Growing Recession Likelihood, Mortgage Rates And Gasoline Prices Drop Slightly (Out Of Time?)

    06/25/2022 6:42:56 AM PDT · by Browns Ultra Fan · 2 replies
    Confounded Interest ^ | 06/25/2022 | Anthony B. Sanders
    The US economy is out of time. As a recession approaches, we are seeing the WIRP implied Fed o/n rate (green line) declining. And with The Fed chickening-out, we saw a surge in equities (NASDAQ composite index in blue). Gasoline prices are falling too (orange line), but due to rising global economic slowdown. But notice that The Fed’s balance sheet (yellow line) is still growing despite repeated signals that Covid stimulus would be removed (I call this Quantitative Frightening). As I mentioned above, The Fed has stopped trimming their balance sheet despite signals to the market of getting rid of...
  • Joe Biden Demands Gas Stations Lower Prices: ‘Do It Now’

    06/23/2022 3:04:50 PM PDT · by rktman · 161 replies ^ | 6/22/2022 | Charlie Spierling
    President Joe Biden demanded Wednesday that gas stations start lowering their prices, in his latest attempt to address record-high prices this summer. “To the companies running gas stations and setting those prices at the pump, this is a time of war, global peril, Ukraine,” he said. The president spoke about the record high gas prices occurring during his administration during a speech on his imitation White House set across the street. “These are not normal times. Bring down the price you are charging at the pump to reflect the cost you are paying for the product,” Biden said. “Do it...
  • Gasoline Stations in Puerto Rico May Limit Payment Methods

    06/23/2022 2:03:06 PM PDT · by Ebenezer · 18 replies
    El Vocero de Puerto Rico (Spanish-language article) ^ | June 23, 2022 | Efraín Montalbán Ríos
    (Translation) Facing the constant increase in the operational costs of gasoline stations, there are retailers mulling several options, among these limiting charges through credit or debit cards in order to avoid what they consider a high processing fee from banks, industry representatives interviewed by EL VOCERO pointed out. At least one gas station already began to limit payment methods, this being a station located on Kennedy Avenue in San Juan, where only cash, American Express, Discover, and gas-brand specific credit cards are accepted. "Due to the high costs of bank fees and the constant increase in the price of fuel,...
  • Biden looks everywhere to lower gas prices — except boosting oil production

    06/22/2022 8:57:49 PM PDT · by george76 · 27 replies
    Fox News ^ | June 22, 2022 | Thomas Catenacci |
    Biden admin 'pursuing this green agenda at all costs ... Biden has .. yet to back boosting domestic oil production. ... In recent months, Biden has ordered three separate releases from the Strategic Petroleum Reserve and issued a waiver allowing the sale of gas with higher biofuel concentration . ... Biden administration has doubled down on its climate agenda, canceling multiple oil and gas lease sales, revoking the Keystone XL pipeline permit and begging Middle Eastern producers to boost output. ... "This is an election year gimmick," Daniel Turner .. It has nothing to do with the energy industry, it...
  • Biden Scolds Republicans: “Are You Saying That We’d Rather Have Lower Gas Prices in America Than Putin’s Iron Fist in Europe?” (VIDEO)

    06/22/2022 6:19:25 PM PDT · by Macho MAGA Man · 94 replies
    The Gateway Pundit ^ | June 22, 2022 | Cristina Laila
    Joe Biden on Wednesday delivered remarks on soaring gas prices from his fake White House set in the South Court Auditorium. Biden repeated the same lies in his speech and blamed Vladimir Putin for high gas prices. "Let’s remember how we got here: Putin invaded Ukraine,” said Biden. Gas prices spiked before Putin invaded Ukraine. Joe Biden scolded Republicans and said there is no way they can simultaneously blame him for high gas prices AND oppose Putin’s invasion of Ukraine. "So, for all those Republicans criticizing me for high gas prices in America, are you now saying we were wrong...
  • 'Breaking Bad' actor says Americans should 'stfu' about gas prices if they 'love capitalism so much'.

    06/19/2022 3:36:14 AM PDT · by carriage_hill · 93 replies
    Fox News ^ | 6.19.2022 | Landon Mion
    Actor Dean Norris criticized people who are complaining about soaring gas prices across the United States. The "Breaking Bad" star said current gas prices are "fair market" and urged anyone who "love[s] Capitalism" to "stfu," an acronym for shut the f--- up. "You're not getting 'robbed' at the pump," Norris wrote in a tweet on Wednesday. "You’re paying fair market price for a commodity. If you love Capitalism so much then stfu."
  • Scholars Now Think '6.66' In Revelation Refers To Price Of Gas In The End Times

    06/18/2022 9:14:20 AM PDT · by Tolerance Sucks Rocks · 19 replies
    The Babylon Bee ^ | June 14, 2022 | The Babylon Bee
    GENEVA—This week, a panel of Bible scholars issued a joint statement clarifying that the Mark of the Beast is actually “$6.66”—the price of gas at the end of latter days. “Deeper study has revealed that we were misreading this passage—it’s not 666 or 616, it’s $6.66 for your basic Unleaded Petroleum Gasoline!” French Bible scholar Pierre LeGault spoke for the panel of academics that had gathered at Geneva to redress and correct the historic interpretation of the mysterious number in Revelation 13. “Numerology is tough and we’ll be the first to admit we botched this one—but we’re here to make...
  • Moment sneaky gas thief accidentally sets himself on FIRE while trying to siphon from a box truck in Salt Lake City: Police say skyrocketing prices have led to sharp increase in fuel theft as desperate Americans seek relief

    06/16/2022 9:37:19 PM PDT · by Morgana · 37 replies
    Daily Mail UK ^ | June 17, 2022 | James Gordon
    A man who was trying to steal gas from a parked up box truck accidentally set himself ablaze in the process as fuel prices continue to soar. The shocking incident was all caught on surveillance camera footage as the man could be seen attempting to siphon fuel from the tank of a vehicle next to which he had parked his own white pickup in Salt Lake City. Authorities believe the man was using a drill in order to access the gas tank during which a spark ignited the flammable liquid. Static electricity, or sparks caused by the friction from the...
  • High Octane Gas Has Never Been This Expensive Versus Regular As Supply Crunch Crushes East Coast

    06/14/2022 6:37:12 PM PDT · by blam · 10 replies
    Zubu Brothers ^ | 6-14-2022
    In a time of rising gasoline demand and refinery bottlenecks, the US could use more octane as the spread between premium gas (octane level of 93) and regular gas (octane level of 87) has blown out. Premium fuels eliminate engine knock in high-performance vehicles that have high compression engines. For most vehicles, using regular gas is advised and cheaper. Wholesale premium fuel sells for 62.50 cents more per gallon, a record high. Bloomberg explains the blowout of the spread is due to “low supplies of octane,” which may exacerbate gasoline supply tightness this summer for premium fuel, adding it could...
  • Biden’s Mandates For Increased Production Of Ethanol Are Wrong-Headed

    06/14/2022 6:29:53 PM PDT · by blam · 12 replies
    Zubu Brothers ^ | 6-14-2022 | Mark Hendrickson via The Epoch Times
    On Friday, June 3, the U.S. Environmental Protection Agency (EPA) announced that it will require American refiners to blend a record amount of ethanol and other biofuels into the country’s fuel supply. Reactions were mixed. Corn farmers in Iowa, where more than 40 percent of each year’s corn crop is turned into fuel, were happy. Many environmentalists, oil refiners, and yours truly were dismayed. There’s nothing inherently strange about President Joe Biden flying into Iowa to crow about mandating increased production of corn-based ethanol and E15 (motor fuel with a 15 percent ethanol content instead of the usual 10 percent)....
  • Louisiana bill to impose road maintenance fee on EV, hybrid owners

    06/13/2022 12:00:20 PM PDT · by Ebenezer · 52 replies ^ | June 6, 2022 | Associated Press, WWL Staff
    <p>NEW ORLEANS — Louisiana owners of electric or hybrid vehicles could be charged an annual state road usage fee under legislation that won final passage Sunday.</p><p>Governor John Bel Edwards is expected to sign the bill into law since his Transportation Secretary Shawn Wilson testified in favor of the legislation.</p>
  • Gasoline Sales in Puerto Rico Decrease by 20%

    06/13/2022 9:35:53 AM PDT · by Ebenezer · 30 replies (Spanish-language article) ^ | June 10, 2022 |
    [Puerto Rico] Gasoline Retailers Association President Esdras Vélez stated that, in order to mitigate the impact of the high cost of fuel on people's pockets, sales at gasoline stations have decreased by 20%. "At this time, consumption has been decreasing drastically [as shown by] general sales. What we are talking about is that stations are selling about 20% less than what would be sold during normal periods," Vélez reported to El Vocero [newspaper]. He indicated that, for three months now, gasoline retailers have begun to pay over 50% more in the price of regular gasoline, which, coupled with the volatile...
  • Yellowstone National Park Memorial Day weekend 2022 visitation statistics (34 % decline)

    06/12/2022 6:15:10 AM PDT · by abb · 36 replies
    National Park Service ^ | June 8, 2022 | National Park Service
    MAMMOTH HOT SPRINGS, WY – Parkwide vehicle entries over the Memorial Day weekend in 2022 showed a 34% decrease over the same weekend in 2021. Visitation statistics (*vehicle entries) per day for May 27-30, 2022, compared to May 28-31, 2021, are listed below.
  • Weekend Update! US Gasoline Tops $5 (Highest In History), 2Y Treasury Yields Soaring, Mortgage Rates Highest Since 2008 (Inflation Tax Costing Households $5,200 More YoY)

    06/11/2022 8:13:07 AM PDT · by Browns Ultra Fan · 17 replies
    Confounded Interest ^ | 06/11/2022 | Anthony B. Sanders
    Up, up and away in our inflationary balloon! Regular gasoline prices have breached the $5 a gallon barrier, the highest in recorded history. And it is even worse in states like California where regular gas prices have been above $7 per gallon. Bankrate’s 30-year mortgage rate is now 5.78%, the highest since 2008. And rising really fast as The Fed tightens the monetary noose. Speaking of noose tightening, the 2-year US Treasury Note yield is rising awfully fast. The US Treasury 10Y-2Y curve slope just flattened to 8.819 bps and challenging the 0% grade awfully fast. The US Dollar is...