Gas Prices

[bluedragon]

Have jumped. The idiots come out and try to explain away the results of the policies of the most corrupt President of all time. Joesph Corn Pop Biden. On shore halt of drilling and refining .....coupled with draining the strategic oil reserve to it's lowest levels in recent history .....the insult of a fist bump to a King ......Saudi cut drilling by one million barells ....that chicken has now come to roost ......The funny part of this ? Your claim of cutting the inflation Joe? Has just been kicked in the butt.

But Orange Man bad ....... Because he argued with idiots? The American Press?

Joy Reid proves it every day .....a meaningless Audio degree coupled with the shock that Northeast Liberals are more racist than she ever dreamed ........The result?? A bigger racist with a platform every night.

 

[TinMan]

Exxon profits for the last twelve months $168 billion, a 85% increase over last year.
Chevron profits for the last 12 months is $36 billion a 74.5% increase over last year.
Marathon profits for the last twelve months $175 billion, a 28% increase over last year.
Shell profits for the last twelve months $93 billion, a 29% increase over last year.


Well it's OBVIOUSLY not price gouging by gas companies

 

[bluedragon]

Exxon profits for the last twelve months $168 billion, a 85% increase over last year.
Chevron profits for the last 12 months is $36 billion a 74.5% increase over last year.
Marathon profits for the last twelve months $175 billion, a 28% increase over last year.
Shell profits for the last twelve months $93 billion, a 29% increase over last year.


Well it's OBVIOUSLY not price gouging by gas companies

Thank you telling everyone you failed economics in whatever school you went to .....

 

[TinMan]

Thank you telling everyone you failed economics in whatever school you went to .....

Are you pretending that the hike in gas prices is in no way related to the record breaking profits of those companies?

 

[Ronald Nolette]

Exxon profits for the last twelve months $168 billion, a 85% increase over last year.
Chevron profits for the last 12 months is $36 billion a 74.5% increase over last year.
Marathon profits for the last twelve months $175 billion, a 28% increase over last year.
Shell profits for the last twelve months $93 billion, a 29% increase over last year.


Well it's OBVIOUSLY not price gouging by gas companies

Believe it or not, gas companies have little to do with setting the price of gas and diesel and home oil. those for nearly all parts are determined by the markets and the bidding on oil and gas. Yes the oil companies profit when prices go way up, but they have little to nothing to do with setting those prices.

 

[Jack]

Have jumped. The idiots come out and try to explain away the results of the policies of the most corrupt President of all time. Joesph Corn Pop Biden. On shore halt of drilling and refining .....coupled with draining the strategic oil reserve to it's lowest levels in recent history .....the insult of a fist bump to a King ......Saudi cut drilling by one million barells ....that chicken has now come to roost ......The funny part of this ? Your claim of cutting the inflation Joe? Has just been kicked in the butt.

But Orange Man bad ....... Because he argued with idiots? The American Press?

Joy Reid proves it every day .....a meaningless Audio degree coupled with the shock that Northeast Liberals are more racist than she ever dreamed ........The result?? A bigger racist with a platform every night.

Can you imagine the $$$ Biden received!

 

[bluedragon]

Are you pretending that the hike in gas prices is in no way related to the record breaking profits of those companies?

When broken down .....pick up any Marketing book, if you can read .....The typical profit made on the invested dollar, breaks down to 1.5%. We can break that total down to that number. Too bad you aren't educated enough to understand that.

You waste our time in the typical liberal foolish thought process ......because you see nothing but a number. Because the news folks know you are dumbed down enough to get riled up about the number.

 

[ButterflyJones]

It's no coincidence that gas prices go up during vacation season.
And being that diesel fuels retail inventory transports, diesel will always be higher than gasoline. Which then trickles down to retail prices increase with the flux if diesel pricing.

 

[bluedragon]

It's no coincidence that gas prices go up during vacation season.
And being that diesel fuels retail inventory transports, diesel will always be higher than gasoline. Which then trickles down to retail prices increase with the flux if diesel pricing.

That's true, however ....the Joe Biden foul up with the fist bump in Saudi Arabia did a lot of damage we are just beginning to understand. Saudi's cut production by a million barrels, that causes a ficticious price increase when supply and demand is factored in. Toss in the US cut oil leases and over regulating the oil market ...because he assigned a school teacher to the post of Department of Energy ......we are staged to see a forced increase in inflation. If the US market was not dealing with idiots there would be no shortage and the Saudi supply cut would not have a price impact today ......Too bad they change his shoes and the ramp to Air Force One. Maybe a few more sandbags need to be added on every stage he walks across.

 

[TinMan]

Believe it or not, gas companies have little to do with setting the price of gas and diesel and home oil. those for nearly all parts are determined by the markets and the bidding on oil and gas. Yes the oil companies profit when prices go way up, but they have little to nothing to do with setting those prices.

Gas company's are helpless when it comes to their record setting profits....right

But let's take a look at what you are saying about pricing.

The increase in cost at the pump isn't due to demand. The demand for gasoline is lower today than at any time in the past 35 years (with the exception of 2020)

It's not the price of oil. The average cost of oil per barrel in 2023 is down about $20 from 2022.

It's not drilling. Domestic production of oil is at an all time high.

It's not inflation. If the companies were just passing along the cost of inflation to the customer that would make no change in their profits.

In fact the only thing that sems to be up is the profits of these companies

 

[TinMan]

Can you imagine the $$$ Biden received!

In the last election Trump received about three times the donations from gas and oil companies that Biden did.

 

[TinMan]

That's true, however ....the Joe Biden foul up with the fist bump in Saudi Arabia did a lot of damage we are just beginning to understand. Saudi's cut production by a million barrels, that causes a ficticious price increase when supply and demand is factored in.

But the price of oil is down

Toss in the US cut oil leases and over regulating the oil market ...because he assigned a school teacher to the post of Department of Energy

Domestic production is at an all time high

......we are staged to see a forced increase in inflation.

If the companies were just passing along the cost of inflation to the customer that would make no change in their profits.

If the US market was not dealing with idiots there would be no shortage and the Saudi supply cut would not have a price impact today ......Too bad they change his shoes and the ramp to Air Force One. Maybe a few more sandbags need to be added on every stage he walks across.

the Saudi's cut production because both demand and the price of oil is down.

 

[bluedragon]

But let's take a look at what you are saying about pricing.

The increase in cost at the pump isn't due to demand. The demand for gasoline is lower today than at any time in the past 35 years (with the exception of 2020)

The increase of gas prices are due to the increases in prices of a barell of oil. It's that simple......another reason this is out of your realm of reality. When this started, Covid closings evaporated and the public went back on the road. Demand fell when everyone was closed ......that demand has increased every month since then.

It's not the price of oil. The average cost of oil per barrel in 2023 is down about $20 from 2022.

The cost of oil has come down from the costs in the past years. Another example of providing crap to detour from your failure to understand the market and why Saudi cut production by one million barells. Saudi wanted more money for their production. That drove up prices .....Hence the increase to the consumer.

It's not drilling. Domestic production of oil is at an all time high.

Bull, if drilling is at an all time high .......why are we buying from Veuzuela? Get your facts straight. Why did Biden drain the strategic oil reserve and sell the oil to China?

It's not inflation. If the companies were just passing along the cost of inflation to the customer that would make no change in their profits.

Again you misunderstand the reality of icreased costs to purchase the end product and pass along the cost to the consumer. You need to brush up on basic economics before embarassing yourself.

In fact the only thing that sems to be up is the profits of these companies.

Every time that idiot in the Department of Energy dreams up another regulation .......It costs the consumer. Every time Biden closes more Federal Lands to production, it drives up the costs to the consumer .....

Try again ......Basic economics is beyond your reach.

 

[bluedragon]

By the way ......Oil production in the US fell by more than 8% in Biden's first year .

But according to make believe .....Democrats wanted it to increase .....What a load. ....

 

[ButterflyJones]

That's true, however ....the Joe Biden foul up with the fist bump in Saudi Arabia did a lot of damage we are just beginning to understand. Saudi's cut production by a million barrels, that causes a ficticious price increase when supply and demand is factored in. Toss in the US cut oil leases and over regulating the oil market ...because he assigned a school teacher to the post of Department of Energy ......we are staged to see a forced increase in inflation. If the US market was not dealing with idiots there would be no shortage and the Saudi supply cut would not have a price impact today ......Too bad they change his shoes and the ramp to Air Force One. Maybe a few more sandbags need to be added on every stage he walks across.

He's an enemy of America.

The problem in our current society is we don't hang traitors publicly anymore.

We re-elect (not really) them. Then we complain they're destroying our country. Then we're told, if we don't want that to continue, vote them out.

 

[TinMan]

But let's take a look at what you are saying about pricing.

The increase in cost at the pump isn't due to demand. The demand for gasoline is lower today than at any time in the past 35 years (with the exception of 2020)

The increase of gas prices are due to the increases in prices of a barell of oil. It's that simple......another reason this is out of your realm of reality. When this started, Covid closings evaporated and the public went back on the road. Demand fell when everyone was closed ......that demand has increased every month since then.

Demand is down based on actual domestic sales

It's not the price of oil. The average cost of oil per barrel in 2023 is down about $20 from 2022.

The cost of oil has come down from the costs in the past years. Another example of providing crap to detour from your failure to understand the market and why Saudi cut production by one million barells. Saudi wanted more money for their production. That drove up prices .....Hence the increase to the consumer.

Saudi Arabia cuts oil production again to shore up prices cutting production because of lower demand and a drop in price per barrel.

It's not drilling. Domestic production of oil is at an all time high.

Bull, if drilling is at an all time high .......why are we buying from Veuzuela? Get your facts straight. Why did Biden drain the strategic oil reserve and sell the oil to China?

Domestic oil production is at 12.6 million barrels per day. Up from a low of 5.4 million barrels per day in 2005

It's not inflation. If the companies were just passing along the cost of inflation to the customer that would make no change in their profits.

Again you misunderstand the reality of icreased costs to purchase the end product and pass along the cost to the consumer. You need to brush up on basic economics before embarassing yourself.

facts state otherwise

In fact the only thing that sems to be up is the profits of these companies.

Every time that idiot in the Department of Energy dreams up another regulation .......It costs the consumer. Every time Biden closes more Federal Lands to production, it drives up the costs to the consumer .....

Since taking office the Biden administration continued to sell leases to drill on Federal land. The Biden administration approved more permits for oil and gas drilling in its first two years than Trump did in his entire term.

 

[TinMan]

By the way ......Oil production in the US fell by more than 8% in Biden's first year .

You mean durring the pandemic. What is the US oil production rate today?

 

[bluedragon]

According to Forbes they went past their prediction .......US Oil production would be much higher had Federal Lands been used. All this production is from private fields ....No leases on Federal lands .....Guess what that means? Oil exported instead of internal use .....

Give it a year or two ......If Biden survives ......he'll screw it up again.

 

[Jack]

In the last election Trump received about three times the donations from gas and oil companies that Biden did.

How much did gas prices raise under Biden? Nearly double maybe? Do you think the oil companies would make it public info how much they bribed Biden?

 

[Reggie Belafonte]

Hear in QLD Brisbane Australia we are forking out $2.07 for E10 91 or 94 ron octane, that's USA = about Mon 87 or 89 I think off the cuff but your fuel is a bit different as well, with lower sulphur EPA standards etc. our standards are lower and not as advanced.
So i think USA is something about 3.9L to one US Gallon. =$4.17 a US gallon.

But no one is complaining in Australia at all about the price of fuel, well the media make that out. for only they set the agenda on everything and most just follow along regardless.

Even with the Butcher of Ukraine Zelensky who was that stupid too take on Russia ! totally willing to happy sacrifice all them people and homes etc.
Such A Madman ! can get away with such with our MSM and clearly a Vote would of respected the peoples of the lands from being destroyed, but fact is that Zelensky has no regard at all for them peoples Vote in fact. nor does Joe Biden in fact.
Joe Biden is an outright criminal who has created a lot of Hell all over the world, now he threats Israel to do his bidding or else ?
Not to mention Biden has built up the power of all the Terrorist in fact ! nothing to be seen here ? regarding the MSM ! but it all sticks out like dogs balls.