General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHeard on radio that ** blamed high oil prices on Biden at CPAC
Oil prices fell sharply when ** became president and they stayed down for his entire term.
In the six weeks that Bidens been in office, gas prices have shot up 25% in my area. I paid $40 for a fill up recently when its cost about $30 the last four years.
Whats happened over the last six weeks to precipitate this kind of rise?
I paid attention to gas prices his whole term because it smacked of manipulation. Lowered gas prices bolstered the economyeven though the economy still ran into serious trouble, especially right before the first impeachment. I observed prices drop lower when the Khashoggi murder happened and I wondered then if correlating price declines were connected.
Just my observations...
MurrayDelph
(5,292 posts)1. People are Viking out of lockdown, raising prices.
2. Gas stations in Texas have had to import gasoline from out-of-state for the first time in decades, becoming another source of price competition.
Celerity
(43,107 posts)Being half Swedish, living in Stockholm, and with lineage traced back on my father's side to actual Vikings from the Uppsala and Sigtuna areas, I have to ask what that means, lol.
MurrayDelph
(5,292 posts)My Spellcheck has been changing things on me after I hit Post.
Why Swype keyboard for Android changed "people are coming out of lockdown" into "people are Viking..." I have no idea.
Sorry for the confusion.
Celerity
(43,107 posts)Mr.Bill
(24,238 posts)are right next to v-i-k on the keyboard, too.
Totally Tunsie
(10,885 posts)their recent emergency. Has absolutely nothing to do with Pres. Biden.
https://www.dallasnews.com/business/energy/2021/02/19/itll-take-weeks-for-exxon-marathon-and-total-to-repair-and-restart-damaged-texas-refineries/#:~:text=The%20cold%20snap%20and%20power,for%20consultant%20Energy%20Aspects%20Ltd.
Itll take weeks for Exxon, Marathon and Total to repair and restart damaged Texas refineries
Four of Texas largest refineries are discovering widespread damage from the deep freeze that crippled the state this week and expect to be down for weeks of repairs, raising the potential for prolonged fuel shortages that could spread nationwide.
Exxon Mobil Corp.s Baytown and Beaumont plants, Marathon Petroleum Corp.s Galveston Bay refinery and Total SEs Port Arthur facility all face at least several weeks to resume normal operations, people familiar with the situation said. Gasoline prices at the pump could reach $3 a gallon in May as long outages crimp supply ahead of the driving season, said Patrick DeHaan, head of petroleum analysis for retailer tracker GasBuddy.
uponit7771
(90,301 posts)... MAGA Cult will believe them
Norbert
(6,038 posts)In much of 2018 & 2019 gas prices are near this level and at certain points in the Midwest they were $2.99. The only reason gas prices were low in 2020 is COVID. Gas prices when it occupied the White House wasn't always a bed of roses.
As has been the case once we get out of the dead of Winter gas prices start to rise. Refinery maintenance in the spring keeps prices relatively high.
Who cares what the dog and pony show over the weekend said about gas prices.
Wounded Bear
(58,598 posts)FIFY
SoonerPride
(12,286 posts)When they came back online, production ramped up and prices will fall back again.