[kcarrino]

Originally Posted by Nucky

I for one am Shocked that Oil & Gas Prices have risen so steeply lately. NOT!

This most recent spike — about a third of the increase since December 2020 — comes from the winter storms that have devastated Texas over the past week. Power outages stopped oil refinement in many gulf refineries, dampening supply

[Astron]

Originally Posted by Stu from NYC

We live in a much larger country and have a tradition of doing a lot of driving.

Sounds like a good argument to change tradition or use a less damaging technology.

[blueash]

Originally Posted by Marine1974

That article is really has nothing to do with the price of gasoline.
On November 21, 2020 the price per gallon was $1.59 a gallon where I live . In February, not a summer month , the price reached
$3.00 a gallon . During the Trump administration we were 100% free from importing foreign oil and a marginal exporter . That is not the case today . This article does not explain the price of gasoline at the pump , why we are now importing foreign oil . Really an article written
with political bias . I’m sorry I read it .

Where did you hear those "alternative facts" You know you can actually look up the facts about oil imports and exports?

And you can even look up what the international factors are that make the cost of oil and gasoline go up and down !! Wow, the information is right at your fingertips and you don't bother to verify before you post. This thread was started with a bit of Russian propaganda where they bragged about how much Russian petroleum we imported in 2020. So how do you miss noticing that that we are still importing foreign oil. Not just Russian, but Canadian, Saudi and more.

There is one small detail you got right, so I will point it out. For 2020 the US was a net exporter of the combined effects of oil and petroleum products imported vs exported. This was entirely due to the Covid downturn in the economy as the US needed less oil from abroad and continued to export refined product albeit at a lower rate.

A concise fact filled summary of the very atypical year 2020 is this

Despite an historically low, 54% decline in drilling activity, U.S. oil production was down just 7.6% on a y-o-y basis, averaging 11.318 MMbopd in 2020. The loss in U.S. output could have been more drastic, but OPEC+ did a masterful job of curtailing production during the year to support benchmark prices. WTI started 2020 at $57.50/bbl, before dropping to $16.55/bbl in April, as Covid-19 decimated demand. Prices steadily improved after that, averaging $47/bbl.

HERE you can see the last many years of the price of a barrel of oil and how it crashed, absolutely crashed in early 2020, due to Covid and it has now nearly recovered. Just to list prices for you here in the post for the end of March of the last few years:
Per Barrel Regular Gas/Gal
2021 61.56 2.86
2020 20.09 2.01
2019 60.14 2.62
2018 64.94 2.65
2017 49.51 2.32
2016 39.39 2.45

Right now we are in a situation of economic recovery where the demand is back up and the production is down somewhat because many drillers stopped during 2020 because of the low prices they could get selling their product. OPEC also cut its production significantly in 2020

To summarize, the US has been importing oil and other petroleum products during every administration for decades. During every quarter as seen above we have been a net importer of crude oil. The US was a net IMPORTER for the last administration, but was in late 2019 and 2020 only a very slight next exporter if you include other petroleum products [such as distillate fuel, motor gasoline, and jet fuel] not just crude oil, due to Covid as the US exported less in 2020 than in 2019 but imported a lot less because demand was down, not any policy changes. The last major policy change that changed our trade balance was in 2015 when restrictions were lifted on US crude oil to be exported. Prior to that almost all crude oil drilled in the US stayed here for us. Once this was changed our crude oil exports went up which decreased the imbalance. The information is available. Spend some time self-educating. It is worth doing IMO

[Indydealmaker]

Originally Posted by Arctic Fox

Maybe it's time we reduced our per capita usage of petroleum products (from more than five times the global average) so that we are self-sufficient

We WERE more self sufficient.

[Topspinmo]

Originally Posted by Nucky

I for one am Shocked that Oil & Gas Prices have risen so steeply lately. NOT!

Steady going up as supply dwindles. IMO It will be $4 and change by end of they year. That’s good for stock market, oil producers, state and federal government tax base. But, for common people getting by paycheck to paycheck and has to go to work everything will go up. Everything.

Gas prices has really never effected my income, I don’t have be running around taking trips. I I when to work and when home. It could be 10 bucks gallon and not affect my transportation. But it would effect everything else to survive.

[Topspinmo]

Originally Posted by J1ceasar

Very true which is why France went nuclear for the electrical generation as they had virtually no oil themselves. You can blame SUVs for the uptick in oil and gasoline usage over the last 10 years in general

IMO, no, blame the people that brought SUVs

[Worldseries27]

Originally Posted by tvmurray

they have to extort those prices to support all of their royal family garbage. There is no reason that we should ever have $3 gasoline here in our country.

running start & pop the
clutch
THERE ARE 11 STATES IN THE U.S.A. THAT ARE LARGER THAN ENGLAND . SO WE AMERICANS TRAVEL A WHOLE LOT FURTHER THAN MOST EUROPEANS BY FAR AND CONSEQUENTLY GAS PRICES ARE IMPORTANT TO US.
A COUNTRY THAT CONTINUES TO DRIVE ON THE LEFT BECAUSE IT FAVORS THEIR RIGHT HANDED SWORD ⚔️ HAND SHOULD BE MORE UNDERSTANDING, OF GEOPOLITICAL REALITIES

[Two Bills]

Originally Posted by tvmurray

They have to extort those prices to support all of their royal family garbage. There is no reason that we should ever have $3 gasoline here in our country.

If you want cheaper fuel, get self sufficient, and get the oil companies to subsidise the price at the pumps.
That'll work!

The Royal Garbage, as you so eloquently called our Queen actually run at a profit

In the fiscal year ending March 31, 2020, the Crown Estate pulled in more than $700 million, with more than $475 million in profits. The royal family receives 25% of the Crown Estate income, which is also known as the Sovereign Grant, and the remaining 75% goes to the British Treasury.10 Mar 2021

Forbes › sites › arielshapiro › 2021/03/10

[DAVES]

Originally Posted by Two Bills

In UK we are amazed at the US obsession with gas prices.
At present we are at about $8 a gallon of gas, and $9 for diesel, and hardly take any notice of it.
You hit $3 and its the end of the world.

You cannot directly compare. A large part of what you pay for a quantity of gasoline is tax.
It used to be shown on the pump but no longer is. In the US the tax is roughly 1/3 of what we pay. Exact rate in United Kingdom I do not know but I am certain as in the US it is significant. We pay every year for registration, plates, I believe in UK the plate stays with the car.

[DAVES]

Originally Posted by toeser

You start.

People are and always have been the same. We need to........ The realspeak is you should.
I can truly say I consume far less gasoline than I used to. Truth, is I am retired. I no longer need to visit customers and do about 10% of the mileage I used to.

[Topspinmo]

Originally Posted by Worldseries27

I always admired queen elizabeth ii's courage during ww2. She refused to abandon london during the blitz, saw her in a documentary, in the north atlantic aboard a british warship in defiance of the u- boat attacks, and of course her war effort serving in the transportation system, all as a royal princess.
However
we also saw , the crown, the aberfan episode.
As we all are, she is a complicated person, not garbage, and deserving of the love and respect of her people who willingly give it to her.

I agree, it’s there country.

[Bucco]

Originally Posted by DAVES

You cannot directly compare. A large part of what you pay for a quantity of gasoline is tax.
It used to be shown on the pump but no longer is. In the US the tax is roughly 1/3 of what we pay. Exact rate in United Kingdom I do not know but I am certain as in the US it is significant. We pay every year for registration, plates, I believe in UK the plate stays with the car.

I THINK that the current federal tax on a gallon of gas is about 18.3 per gallon.....in Florida, add .344 to that.

[Topspinmo]

Originally Posted by Fairway Cruises

It's around $6.50 a gallon in the UK and not forgetting it is a larger gallon as it is imperial measurement! Still way too expensive though. Oil is the product we need for centuries to come and is used in so many 'products' not just plastics. gas for vehicles represents one of it's smaller uses! Electric vehicles have to have a charged produced by a power station somewhere on the grid, and guess what they burn fossil fuels! More electric vehicles means worse pollution. Not only the fossil fuel but the battery manufacture and disposal of them. Not to get political here but carbon is vital to our world and if you do the research right we are not polluting our planet as many would believe. We represent a tiny fraction of carbon produced. Around the earth at any one time, under and above the sea there are volcanic erruptions pumping out more 'pollutant' than humans can presently produce in a 100 years! And thos happen all the time below the seas. You really must question what we are told.

I thought England sold gas at pump by the liters? Which little more that quart?

[OrangeBlossomBaby]

Originally Posted by mikemalloy

Palm Springs used to be "the Mojave Desert."

Google is your friend. You need to do at least that little tiny bit before you present something as fact here.

I didn't know, so I looked it up. It took me less than 15 seconds to do a search and read a paragraph to teach me that Palm Springs is in the Sonoran Desert. The Mojave Desert is a higher-elevation desert north of the Sonoran Desert. The Mojave is the driest desert on the North American continent. The Sonoran gets two seasons of rainfall, as opposed to no actual season in the Mojave (it gets less than 2" of rain per year).

Point being - the Mojave is the perfect place for a windmill farm, because it isn't suitable for much of anything else.

[Bucco]

Originally Posted by Nucky

I for one am Shocked that Oil & Gas Prices have risen so steeply lately. NOT!

Asof yesterday.....

"At $2.86, the national average has decreased week-over-week for the first time since November of last year."


AAA Gas Prices