WTF Is Up With The Damn Price Of Gas??

[Satan]

Not surprising that Timmy the Elf would blame Iran and not his treasonous speculator friends at Gold Mansacks.

[Nitro Express]

Wyoming is one of the few states where you could drive fast enough to get use out of 100 octane gas. Doesn't make much sense for a daily rush hour commute where 40 miles an hour is the top speed....and that's on the freeway.

Put it this way. No av gas goes in anything that doesn't have Z rated tires. Also another thing I have discovered is no matter what you are driving, you really feel the ruts in the road at 140 miles an hour. You start to track in the minor depressions the big trucks put in the road. At slower speeds you hardly notice them. At 140 you do. Nothing like driving a car that there is plenty left but the road surface can't handle more speed. I would love to go to a track at lower altitude and really open her up.

[Nitro Express]

Try being from the country that supplies 90% of the US oil, but still pays more at the pumps. The hybrids will be the big sellers this year.

www.gunderson.tv

All our oil comes from our state. Some of it's refined here. Then you have the big oil fields in the Dakotas next door. Gas should be cheap here. But we pay a high price as well.

[Nickdfresh]

Put it this way. No av gas goes in anything that doesn't have Z rated tires. Also another thing I have discovered is no matter what you are driving, you really feel the ruts in the road at 140 miles an hour. You start to track in the minor depressions the big trucks put in the road. At slower speeds you hardly notice them. At 140 you do. Nothing like driving a car that there is plenty left but the road surface can't handle more speed. I would love to go to a track at lower altitude and really open her up.

Very few high performance cars need 100-octane gas, certainly none made in the recent past. Delta Sonic sells it here for racers. For a while, Sunoco offered a 94-octane here for the very few lucky owners of Ferraris. But all engines can get by on 92 or 93. I've heard even Corvettes call that call for 93-octane can be easily run on regular 87...

[Dr. Love]

postin here in case you turkeys missed it

[jacksmar]

It’s pretty simple really. When Ubama released gasoline from the SPR he was too sub-moronic to know that this is a price control. You elected a shit stain that doesn’t understand when you flush a toilet that the water goes “somewhere”.

When this asshole tried his maneuver it forces the market price or a large percentage of transactions to take place at that price. This doesn’t work with simple supply and demand in a free market. It works great for a socialist nation but you can’t expect a retarded president to know this. The transaction price is either too high or too low.

Look around you for a second, the people here are REALLY smart people and will get this. Everything around you at this time; where you work; the club you go to for an evening out, or your home including what’s in the fridge all have one thing in common; everything around you has “touched” a truck. Fuel was used.

The price of fuel is too high – you stop driving. The price of fuel is too low – you use up the gas. What gets missed is that in both cases is not enough gas is sold. At the low price the gas you bought didn’t produce enough profit. It triggers exactly what you see now. At the high end, everything that “touched” a truck becomes more expensive.

I’ve tried to explain this with Ubamacare. In 1990, the feds tried to set a new drug price level for states with Medicaid. It was typical backroom lobbying bullshit and what happened was pharma raised prices on government sales. They muscled out the low drug prices because they could produce and or buyout in bulk.

What ultimately ends up happening is you have wasted resources and reduced entry and investment in the long haul. For example, oil drilling.

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Just a Point of reference for those that don't remember. And don't forget low gas prices tend to depress gas production. A quick show of socialist hands: how many BHOle voters need a refresher on this?

[ZahZoo]

There's a few more relevant oil & gas industry elements at play beyond supply/demand and political manipulation...

The gas consumed during summer seasons costs more to refine than the stuff allowed during winter. That's driven by temperature, science and environmental regulation.

Then there's the shift where the US has become the largest fossil fuel producer in the world... as the US economy grew at record levels the last 2 years, the wholesale price of crude slowly creeped up. This freed up capital to allow US oil & gas producers to resume drilling and production again. It was extremely suppressed by the low wholesale pricing and glut of product on the market globally.

The oil & gas companies started pumping up production to cash in on the rising pricing... they can do this rapidly now because they are sitting on tons of reserves in both light crude and natural gas. Add to that the recent cold snap the hit that US and speculators flooded the market further. Then we had a shift in the jet stream and temps moderated and usage dropped... pricing plunged again.

I expect retail pricing to continue to drop... based on the winter weather... that will drive consumption and determine how fast or slow reserves rise or fall. Right now they are falling... that trend could change quickly but the good news for consumers is price at the pump will continue down for the next month or two...

[Nickdfresh]

The gas prices have actually fallen quite a bit here in the last couple weeks....

[FORD]

Maybe all we need to do to lower the prices is hack up some more journalists with bone saws?

Trump thanks Saudi Arabia for falling oil prices: ‘Let’s go lower’
By Emily Birnbaum - 11/21/18 08:19 AM EST
thehill.com

President Trump on Wednesday morning thanked Saudi Arabia for the falling price of oil, cheering the drop and urging, "Let's go lower!"

"Oil prices getting lower," Trump tweeted. "Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!"

Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!
— Donald J. Trump (@realDonaldTrump) November 21, 2018

The tweet comes a day after Trump released a statement reaffirming close ties with Saudi Arabia despite a CIA report that found Saudi Crown Prince Mohammed Bin Salman likely ordered the assassination of Washington Post contributor Jamal Khashoggi.

"Our intelligence agencies continue to assess all information, but it could very well be that the crown prince had knowledge of this tragic event — maybe he did and maybe he didn’t!" Trump said in the statement, adding that "we may never know" who was responsible.

Khashoggi, a U.S. resident and critic of the government in Riyadh, was killed after entering the Saudi consulate in Istanbul on Oct. 2. After changing its official account multiple times, the Saudi government acknowledged he was murdered by a team of agents who reportedly dismembered his body, which still has not been found.

Trump in the statement indicated he believes that close financial and diplomatic ties with Saudi Arabia should override any concerns about Crown Prince Mohammed's alleged involvement in the plot.

"The United States intends to remain a steadfast partner of Saudi Arabia to ensure the interests of our country, Israel and all other partners in the region. It is our paramount goal to fully eliminate the threat of terrorism throughout the world!" the president said.

Lawmakers throughout the day on Tuesday pushed back on Trump's unequivocal support for Saudi Arabia.

“The President indicates that Saudi Arabia is the lesser two evils compared to Iran and so the U.S. won’t punish Saudi Arabia for the brutal killing and dismemberment of a dissident journalist in their consulate. I disagree,” Sen. Rand Paul (R-Ky.), who has sided with Trump numerous times on foreign policy issues, wrote on Twitter.

“I’m pretty sure this statement is Saudi Arabia First, not America First," he added.

[twonabomber]

$2.17 at Sam's Club yesterday. Didn't look at premium, the race car is garaged for the winter.

https://www.cnn.com/2018/11/21/investing/oil-prices-trump-saudi-arabia/index.html

[Kristy]

$3,487 a gallon here. Thanks to all the F A T Texans and Californians

[FORD]

[Seshmeister]

$3,487 a gallon here. Thanks to all the F A T Texans and Californians

I was going to call you out on that but looked it up and Colorado has the lowest obesity rate in the US. Who knew?

[ZahZoo]

I was going to call you out on that but looked it up and Colorado has the lowest obesity rate in the US. Who knew?

The altitude in the major population areas of the state makes them all bat-shit crazy to the point they forget to eat...

[jacksmar]

This was a little easier to follow and I've waited five years for this one. The socialists, BHOle voters especially, should understand what it is they don’t know about oil.

Crude oil crashed last week losing 7% in one day. It is the largest drop in three years. But it made it up the very next day. And is cruising along nicely now. You got your Saudi Arabia news, you got your US oil export news, and president Trump put the squeeze on Iran without damaging world subsidies.

Unfortunately, that’s not the good news for low prices at the pump. I’ll leave this link and pic for the BHOles voters to figure this out on their own. They’re not the sharpest drawer in the knife so let me assist them with a simple statement: Using a magic wand the Kenyon houseboy never owned, Exxon built that.






ExxonMobil Chemical Company Begins Multi-Billion Dollar Expansion Project in Baytown, Texas

Jun 19, 2014 - 08:00 a.m. EDT

NYSE:
XOM

HOUSTON--(BUSINESS WIRE)--ExxonMobil Chemical Company announced today that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu. This project, and major investments ExxonMobil has made to develop oil and natural gas resources in the United States, including the merger with XTO Energy, demonstrates the company’s continuing commitment to American economic growth and job creation.

The steam cracker will have a capacity of up to 1.5 million tons per year and provide ethylene feedstock for downstream chemical processing, including processing at two new 650,000 tons per year high performance polyethylene lines at the company’s Mont Belvieu plastics plant.

“The project is made possible in large part by abundant, affordable supplies of U.S. natural gas for energy and chemical feedstock,” said Steve Pryor, president of ExxonMobil Chemical Company. The chemical industry and other industrial sectors account for nearly 30 percent of U.S. natural gas demand. “Shale development has provided U.S. chemical producers a double benefit as an energy source and as a key raw material to make plastics and other essential products, creating jobs and economic activity across the value chain.”

The project will employ about 10,000 construction workers, create 4,000 related jobs in nearby Houston communities and add 350 permanent positions at the Baytown complex. It is expected to increase regional economic activity by roughly $870 million per year and generate more than $90 million per year in additional tax revenues for local communities.

https://news.exxonmobil.com/press-release/exxonmobil-chemical-company-begins-multi-billion-dollar-expansion-project-baytown-texas