Just a quick question, observation, is there

[kacekwl]

Anything in the world that can justify a 70 cent increase in fuel over the course of one day ? Went from 4.85 to 5.55 per gallon. I think I know the answer but maybe I'm wrong.

[Meadowoak]

1. Greed.

[kentuck]

2. While we were imposing sanctions on Russia...

...we didn't realize we were imposing sanctions on ourselves. How could we have known that Russian oil was that important in the world economy? Or that Ukraine wheat could take 20-25% off the market with a simple blockade?

[bucolic_frolic]

3. I see steady prices for periods of time, then a jump

So maybe when the local supplier reorders the next month's contract supply jumps.

But also some chains appear to me to set the price daily. And spot prices are market prices, but futures contracts also influence prices and are very news driven - the result of expectations, such as overseas shortages, or shutdown of a pipeline or refineries.

[sop]

4. Oil company profits should be capped.

I can understand passing on rising costs of production and decreased availability to the consumer, but big oil's profits are also way up. ExxonMobil, the country's largest oil company, reported its net profit more than doubled to $5.5 billion from a year earlier. It has to be stopped.

[Ferrets are Cool]

5. Democrats attempted to do this, but were blocked by repugs

[Magoo48]

6. We are being gouged by international criminals right in front of our own government,

and no one can come with a creative, or legal, or emergency, or some fucking other way to stop it.

It’s larceny on a massive scale, by greedy, fuck-you-billionaires, while millions of us stand around convinced we are impotent victims. WTF.

[kacekwl]

7. That's my answer too. Although

I include domestic criminals. No other explanation for anywhere that type of increase. None.

[Stuart G]

9. That is my answer, three...

[Midnight Writer]

8. Same here, and I know the gas deliveries in this little town are on Tuesdays.

So how can every station in town raise the price exactly 55 cents on a Friday?

[Stuart G]

10. Maybe they get together...and decide on Thursday night what to do & do it on Friday...Why? 4 Weekend

HERE is why...When people see friends and relatives. PEOPLE DRIVE MORE... THAT IS WHY!!!

[Midnight Writer]

13. I worked at a gas station, and the owner would drive around town and check prices at other stations.

If they were raising prices, we would, too.

If he thought he was losing business to a lower-price station down the street, he would drop prices.

Seems odd that every single gas station, regardless of all other factors, would have the exact same price, to the penny.

[Karadeniz]

11. Not using their billions in profits to adjust prices... GOP all voting against anti gas gouging bill

[usonian]

12. The oligarchs will be served.

MISTER PRESIDENT! THE PEOPLE ARE REVOLTING!
Yes, aren't they?

[panader0]

14. In 2012 Brent crude oil was $111.63, and gas averaged about $3.64.

Today, Brent crude is less at $101.37 and gas averages $4.84.
So crude is less but gas is more---the industry is greedy.

[Pyryck]

15. 40 year high inflation...and 50 year high profits.

Let that sink in.

The petroleum industry is scared of, frightened of and otherwise fear the Green New Deal and Climate Change because they will lose control and profits.

Some of the oil industry actually acknowledges Climate Change in their ads.

The US military has already adjusted their tactics and strategies acknowledging Climate Change as a current threat to their abilities to defend the country.

The Republican party continues to poo-poo and downplay Climate Change...because "reasons"?