Oil Price Increases After Biden Shuts Down Drilling Permits Again

[Terrel L. Shields]

I am glad I filled up my tank yesterday...up another 30¢ today.

 

[shrubberyvaluation]

Grant says Boo-Hoo to all us whiners and haters of high fuel prices as for some reason she believes this is helping the Ukrainian reason- Boy I will tell you these people in Felony Flats at $6 a gallon are really angry and I cant imagine what it will be like if the owner of the Exxon Mobile Station is right as he claims the refiners are telling him it could hut $8 by early summer.

Yea buying energy from Russia must be helping Ukranians...

 

[djd09]

Prices soar to over $4 at Strongsville, Westlake gas pumps​

CLEVELAND (WJW) — Gas prices in Northeast Ohio skyrocketed Saturday as the national average continues to rise.


The Marathon station at the corner of SR 82 and Howe Road in Strongsville is selling regular at $4.09 a gallon and premium is $4.99 a gallon.

Prices soar to over $4 at Strongsville, Westlake gas pumps

CLEVELAND (WJW) — Gas prices in Northeast Ohio skyrocketed Saturday as the national average continues to rise. The Marathon station at the corner of SR 82 and Howe Road in Strongsville is sel…

fox8.com

that might be cheaper

 

[djd09]

no more togetherness

 

[Mejappz]

 

[Mejappz]

MSN

 

[Mejappz]

Make sure your measure to one-tenth of an inch.

Food prices jump 20.7% yr/yr to hit record high in Feb, U.N. agency says

World food prices hit a record high in February, led by a surge in vegetable oils and dairy products, to post a 20.7% increase year-on-year, the U.N. food agency said on Friday.

www.reuters.com

 

[djd09]

it is going to take more then two weeks to flatten the gas curve

 

[Terrel L. Shields]

it is going to take more then two weeks to flatten the gas curve

I think it would be safe to say that 40% of the cost of oil is "geo-political risk", but the rest of it lies in the fact we have slowed production. That is not an oil company issue. They have to have financing to drill. They have to have permits to drill. We have states slowing the permitting process and a federal government that has simply halted all permitting and leasing on federal lands...and a government that is about to seat a Fed member who wants to force banks not to lend to energy companies...which is fine. I wish they would. When the gas lines hit and the torches and pitchfork hits the FED and the Fed and bankers flee for their lives, then I am all for it. And further, every state and city that bans fracking should be required to close all gas stations and the gas companies should shut off all oil and gas at the state line. Let the ******* freeze in the dark.

 

[djd09]

National average for a gallon of gas tops $4, the highest price at the pump since 2008​

• Gas prices surged to the highest level since 2008 on Sunday.
• The national average for a gallon of gas hit $4.009, according to AAA, which is the highest since 2008.
• Andy Lipow, president of Lipow Oil Associates, said the next stop for the national average is $4.50 a gallon.

National average for a gallon of gas tops $4, the highest price at the pump since 2008

Consumers are paying the most at the pump since 2008.

www.cnbc.com

it's beginning to look alot like 08 but it won't be the same