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Just saying, Gas here in North Dakota went from $2.09 3 months ago to now $2.59 (Original Post) bluestarone Feb 2021 OP
They'll only blame Joe if they're right wing idiots Arazi Feb 2021 #1
you remember that trump fought lower gas prices by tooth and nail. finally gave up talking about it. bullimiami Feb 2021 #5
The timing couldn't be worse jimfields33 Feb 2021 #6
Biden is to blame edhopper Feb 2021 #2
Gas prices are going up because refineries have been underproducing for a variety of reasons WhiskeyGrinder Feb 2021 #3
NoVa Costco $1.89 to $2.44 empedocles Feb 2021 #4
My elderly, Republican relatives blamed prices on "Biden stopping the pipeline." nt CottonBear Feb 2021 #7
Texas has a large portion of the refineries. mackdaddy Feb 2021 #8
Highly unlikely JT45242 Feb 2021 #9
Paid $2.99/ gal for regular gblady Feb 2021 #10
as if ND was gonna ever vote for joe lol nt msongs Feb 2021 #11

Arazi

(6,829 posts)
1. They'll only blame Joe if they're right wing idiots
Fri Feb 26, 2021, 11:21 AM
Feb 2021

The rest of us understand supply and demand

https://finance.yahoo.com/news/why-gasoline-prices-rising-high-162200876.html


Here are six reasons gas prices are going up, plus predictions of how high they're likely to go — so you can start thinking about ways to save money to help pay for your costlier fill-ups....

1. Crude oil prices are surging...

2. Harsh winter has been tough on refineries...

3. The pandemic also knocked out refineries...

4. Vaccinations are expected to boost travel...

5. Stimulus checks will drive up spending — and prices ...

6. Summer will bring pricier gasoline blends...

bullimiami

(13,076 posts)
5. you remember that trump fought lower gas prices by tooth and nail. finally gave up talking about it.
Fri Feb 26, 2021, 11:31 AM
Feb 2021

jimfields33

(15,692 posts)
6. The timing couldn't be worse
Fri Feb 26, 2021, 11:33 AM
Feb 2021

I know it coincidence, but just as President Biden was sworn in the price is going up. I’m sure we understand why, but most of America only see the price and don’t think further then that.

edhopper

(33,479 posts)
2. Biden is to blame
Fri Feb 26, 2021, 11:23 AM
Feb 2021

as far as getting COVID under control and giving the economy a boost. Stronger economy=more gas use=higher prices.
It is actually a good sign.

WhiskeyGrinder

(22,307 posts)
3. Gas prices are going up because refineries have been underproducing for a variety of reasons
Fri Feb 26, 2021, 11:23 AM
Feb 2021

(pandemic hitting employees, lack of demand while people don't travel, weather issues), people are expected to travel more this summer, and the switch to summer gas in March, which is more expensive. People will definitely make hay over gas prices and try to tie them to the Keystone decision, but gas prices are a lot more complicated than that.

mackdaddy

(1,522 posts)
8. Texas has a large portion of the refineries.
Fri Feb 26, 2021, 11:40 AM
Feb 2021

They were really hit with the cold and power outages.

They should start coming back on line and prices will stabilize somewhat from that cause.

The middle east issues might push prices back up some though.

Might be some increase as demand increases as the covid crisis starts to slow and the economy picks back up.

JT45242

(2,243 posts)
9. Highly unlikely
Fri Feb 26, 2021, 11:53 AM
Feb 2021

As the price of crude oil has jumped back up to about $60 per barrel a couple of things will happen. Fracking in the US and Canada will restart as that price is above the break even point which will drive supply up and limit the increase in the price of crude.

Good read here about the relation between crude oil and gas prices https://blog.stewart.com/stewart/2014/10/15/potential-60-per-barrel-oil-and-corresponding-gasoline-prices/

At $60 per barrel the national average will be between $2.30 and $2.65 a gallon. The farther you are from refineries and other market pressures determine the local price. Given Covid, many people are driving a lot less so the impact on most of us will not be as significant as it once was. We have gone from using 6 tanks of gas a month for our combined vehicles to less than a tank a month.

gblady

(3,541 posts)
10. Paid $2.99/ gal for regular
Fri Feb 26, 2021, 11:56 AM
Feb 2021

Yesterday near Poulsbo, WA. That was at a place which is usually the cheapest in the area.

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