Oil Price Increases After Biden Shuts Down Drilling Permits Again

[Terrel L. Shields]

Could be higher blend of gasoline? Could be lack of refineries? High gas taxes of 53+ cents taxes don't account for the discrepancies.

Easy. A boutique blend costs a lot of extra money to make. Further, the state sucks the refiners dry with environmental regulations etc and out of state refiners don't make California blend normally and there is no way anyone could ever build a new pipeline, let alone a refinery in California and therefore, you pay for what you get.

I hear state government on investigating the Big Gas Companies for charging too high.

Just like the other 53 times they've done that and found nothing.

 

[Fernando]

Easy. A boutique blend costs a lot of extra money to make. Further, the state sucks the refiners dry with environmental regulations etc and out of state refiners don't make California blend normally and there is no way anyone could ever build a new pipeline, let alone a refinery in California and therefore, you pay for what you get.

Thanks for your insight.

Just like the other 53 times they've done that and found nothing.

The investigation must have found out what you just mentioned. No need to tell the public how regulations and politicians are caused of high prices in CA.

 

[Fernando]

Gas prices have been falling over past month.
Two reasons: Increase oil supply and Expectation of world recession.

 

[Terrel L. Shields]

from oil price dot com. The Saudis are buying fuel from Russia and OPEC cannot increase production significantly if they wanted to.

The problem is that few expect this visit to yield any results in the oil supply department. In fact, the only people that seem to expect the possibility of success are from the White House, although even they are now admitting that there will be no immediate oil results from the trip. Analysts, on the other hand, are quite skeptical. Because Biden is not only going to Riyadh to ask for more oil. He will also have to try and convince OPEC's largest exporter to sign up for a price cap on Russian oil.​

​

The cap may well include fuels, as the International Energy Agency's Fatih Birol suggested earlier this week, as Russia's fuel exports are quite substantial, too. And fuel exports to Saudi Arabia just doubled.​

​

To begin with, Saudi Arabia's and OPEC's ability to boost production in line with Biden's hopes is questionable, and it has been questioned repeatedly in the past couple of weeks, ever since Reuters recorded French President Emmanuel Macron telling Biden that both the UAE and Saudi Arabia were near the limits of their capacity.​

 

[OSU Beavers]

 

[Dublin ohio]

The investigation must have found out what you just mentioned.

They knew that before any investigation. It has been like that for years.

 

[Fernando]

View attachment 65122

Loyal pro Trumper spitting out his political propaganda.

 

[Charles West]

My impulse during times Iike these is to go out and buy something that gets really ****ty gas mileage.

 

[Fernando]

My impulse during times Iike these is to go out and buy something that gets really ****ty gas mileage.

But it's not like last year when we have to drive more miles because of more orders.

 

[Charles West]

When gas goes up prices of hot rods decline precipitously especially in a tightening economic scenario and that is happening now. There is something like a 30% increase in premium muscle cars on the market in the last 60 days. I'm starting to drool.