My understanding is that at that time, the US could buy from Russian and have it delivered cheaper than we could produce it ourselves. So "we" purchased a lot to fill up our strategic oil reserves.

Probably wrong but, that is what I heard.

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

No Intent
 

I have no intent to justify the data in my note. It is simple, gas prices have gone up significantly and Russia is bragging about their position on oil controls! As once said "play with it anyway you want to":popcorn:!!

Plastic
 

To the guy talking about plastic bottles and usage for other things, yes they can be a simple reduction in using plastic as you've noted probably when you go into a Starbucks or Burger King they use paper for coffee and then most gas stations they sell you a reusable plastic cup. Do you know over 300 billion plastic bottles are used for water in the USA alone yearly? By the way another simple way of reducing plastic usage is by a simple band. China did it 2 years ago by outgoing those very thin film bags used in supermarkets for fruits and vegetables, they figured about 500 billion bags per year were saved by people using reusable bags just like we do for a shopping these days in our supermarkets. One day our world certainly will be run out of oil, just like they said in the 70s but I certainly hope we will be smart enough for them to go on to other forms of energy and use the oil for all things nessary for things like lubrication

Adding twin windmills to my V8.

That’s because in the UK, you can jump on a train and pretty much travel anywhere in the country in a few hours. The US is three thousand miles wide and we don’t have that luxury. Throughout my career I would have loved to have been able to jump on a train in my town and got off a few towns over and have gone to work. That’s possible in much of the UK, not here.

I hope for $10 a gallon of gas. That’s what happens when you shut down the United States energy supply!

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 .

You never rode the metroliner from Boston to Washington DC .

Wrong lever

Palm Springs used to be "the Mojave Desert."

Nothing to do with hopping on a train.
Gas and diesel have a 60% Government Fuel Tax added.
It is still cheaper and in most cases quicker to travel by car than train, if when you get to you destination, you can find a space, and afford to park on it!

Just think.
If US Government stuck $2 on every gallon, you could clear the national deficit in no time at all!!:icon_wink:

Stop driving I am sure you can walk every where you need to go.

Gas prices fluctuate so often(creates news). Yesterday I noticed that gas was $2.76 and last week it was $2.89. We in TV should be the last ones to complain about gas prices. Started working in 1979. Gas was $.80 a gallon and VW beetle got 20 MPG with no air conditioning. Now own VW Passat which gets 33 MPG and has all of the creature comforts. IF I drove both vehicles 10K miles a year I would have paid $400 a year in 1979 and $875 in 2021. In other words ACTUAL gas costs have only doubled over the past 40 years.

News is always distorted. Oil is truly interesting if we dare to read about it. It is clearly insane. In the middle east there are places where oil simply flows out of the ground like the old corney show where the hillbilly shoots his gun and strikes oil. Not only is it easy to extract but it is good quality crude-easy to refine. The oil sands, fracking, the crude is poor quality, loaded with sulfur so hard, expensive, to refine. We are also drilling underwater also expensive.

Russia? The Russian oil does not go to the US it goes to Europe. Oil cost money to ship. A fair market? Who are we kidding. Oil production goes down in the US due to a storm. The price around the world goes up. Including in places that do not buy from us.
The price of refined product goes up. It immediately goes up at the gas pump. When, it goes down, it goes down far slower. Doublespeak. They tell us they are selling inventory they paid more for. That is true. Why does it not work the same on the way up?