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-   -   Gas prices are going up!!!! (https://www.talkofthevillages.com/forums/current-events-news-541/gas-prices-going-up-343028/)

Rainger99 07-29-2023 08:41 PM

Gas prices are going up!!!!
 
Filled up at BJ's two weeks ago and gas was $2.94 a gallon. Filled up today and it was $3.43 a gallon!

That is a 16% increase in two weeks.

However, food and energy is not included in "core inflation."

Gasoline prices are spiking. That's a problem for Powell and the Fed | CNN Business

kkingston57 07-29-2023 09:12 PM

Just another example of supply and demand. Use diesel in our motorhome and it is over $4.50 in NY and PA.

CoachKandSportsguy 07-30-2023 05:17 AM

It’s not like the first time gas prices fluctuate, up or down. . Geez, find something interesting pleeeeze

mickey100 07-30-2023 08:15 AM

Over the past six weeks the price of oil has risen 17%, and analysts attributed it to two main factors: cuts in production from Russia and OPEC, and the record-breaking heat that has been scorching half the globe over that time.

Suck it up buttercup.

Caymus 07-30-2023 08:20 AM

Has the Strategic Oil Reserve been refilled?

billethkid 07-30-2023 08:22 AM

It is the annual summertime, high travel season screwing of the consumer.

Nothing new.

__________________________________________________ ___

:censored:

MrFlorida 07-30-2023 08:34 AM

And at one time we used to export oil...

Bill14564 07-30-2023 08:47 AM

Quote:

Originally Posted by MrFlorida (Post 2240032)
And at one time we used to export oil...

We still do:

Statista
EIA

OrangeBlossomBaby 07-30-2023 09:01 AM

Quote:

Originally Posted by MrFlorida (Post 2240032)
And at one time we used to export oil...

We do export oil. Around 1/3 of the oil refined in our Gulf Coast refineries are exported.

Prices are up because the oil companies know we'll pay it. If you don't want to pay so much for gas, stop driving your car and gas powered golf cart, until the prices drop again. When they do drop, they'll likely still be higher than they were at the last drop. That is what oil companies do, and they have to satisfy their stock holders, who are very happy right now.

Southwest737 07-31-2023 06:32 AM

Buy an EV and fill up at home for 5 or 6 bucks. Never worry about gas prices again.

Bay Kid 07-31-2023 06:55 AM

Quote:

Originally Posted by Caymus (Post 2240024)
Has the Strategic Oil Reserve been refilled?

Nope, they are waiting for the prices to go up.

Andyb 07-31-2023 07:00 AM

Quote:

Originally Posted by Rainger99 (Post 2239934)
Filled up at BJ's two weeks ago and gas was $2.94 a gallon. Filled up today and it was $3.43 a gallon!

That is a 16% increase in two weeks.

However, food and energy is not included in "core inflation."

Gasoline prices are spiking. That's a problem for Powell and the Fed | CNN Business

Russia revenge. Main Stream media did not report the deal with Russia and the Saudis, they control the petroleum, now that we shut down our own. Look for higher prices to come.

jarodrig 07-31-2023 07:50 AM

1 Attachment(s)
I “filled up” my Tesla last night and it cost me $3.44 ! :)

Regorp 07-31-2023 07:51 AM

Gas
 
Quote:

Originally Posted by Rainger99 (Post 2239934)
Filled up at BJ's two weeks ago and gas was $2.94 a gallon. Filled up today and it was $3.43 a gallon!

That is a 16% increase in two weeks.

However, food and energy is not included in "core inflation."

Gasoline prices are spiking. That's a problem for Powell and the Fed | CNN Business

Gas spiked in January 2021 when energy independence disappeared and we have learned to live where we rely on others for fuel paying the price because we need it. Just saying.

Bwanajim 07-31-2023 07:57 AM

Quote:

Originally Posted by mickey100 (Post 2240022)
Over the past six weeks the price of oil has risen 17%, and analysts attributed it to two main factors: cuts in production from Russia and OPEC, and the record-breaking heat that has been scorching half the globe over that time.

Suck it up buttercup.

You’ve left out the fact that we are no longer energy independent and a lot of drilling has been stopped in our country.


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