National Average Price of Gasoline Hits an All-Time High

[85SugarVol]

And let’s be 100% clear and honest here -

COULD Big Oil be doing more to “help” the Democrats here? Yes.

WILL Big Oil do a damn thing to “help” the Democrats here? No chance in Hell.

 

[volinbham]

And let’s be 100% clear and honest here -

COULD Big Oil be doing more to “help” the Democrats here? Yes.

WILL Big Oil do a damn thing to “help” the Democrats here? No chance in Hell.

Why? Because Democrats have spent their life time trying to punish Big Oil and drive them out of business.

 

[85SugarVol]

Why? Because Democrats have spent their life time trying to punish Big Oil and drive them out of business.

Why would you “help” the party that has been promising your destruction?

 

[SpaceCoastVol]

Southwest has used derivatives for years

American paid spot price for years. When that dropped they looked brilliant. Now...

 

[Volatility]

I know that this isn’t all the democrats fault since the republicans have the majority in senate. But man, they’re doing a really good job at torpedoing their individual re-election campaigns.

 

[05_never_again]

And let’s be 100% clear and honest here -

COULD Big Oil be doing more to “help” the Democrats here? Yes.

WILL Big Oil do a damn thing to “help” the Democrats here? No chance in Hell.

Breakeven prices for oil coming out of existing wells is current sitting at about $30/barrel for US producers (in the $50s for new wells). They can currently sell it for $110. Demand is super strong. It isn't a matter of Big Oil "helping" any particular politician(s). They are bringing all to market that they can for their own self-interest.

 

[landscapingvol]

He canceled the Keystone pipeline on day one. That tells you all you need to know about his stance on the oil industry. The Federal gas tax could be temporarily paused as well as at the state level by both parties. Politicians are always self serving

 

[StarRaider]

I know that this isn’t all the democrats fault since the republicans have the majority in senate. But man, they’re doing a really good job at torpedoing their individual re-election campaigns.

you must have a dandy definition of majority.

 

[85SugarVol]

Breakeven prices for oil coming out of existing wells is current sitting at about $30/barrel for US producers (in the $50s for new wells). They can currently sell it for $110. Demand is super strong. It isn't a matter of Big Oil "helping" any particular politician(s). They are bringing all to market that they can for their own self-interest.

Of course they are. Building a war chest.

 

[05_never_again]

Of course they are. Building a war chest.

Maybe I'm misunderstanding what your point was. You said that Big Oil could be doing more to help Dems, but they are not. It sounded like you were implying that Big Oil could produce more to bring prices down to help Dems, but are not.

 

[85SugarVol]

Maybe I'm misunderstanding what your point was. You said that Big Oil could be doing more to help Dems, but they are not. It sounded like you were implying that Big Oil could produce more to bring prices down to help Dems, but are not.

They could help the Democrats by simply coming out and making empty promises. They aren’t.

 

[Volatility]

you must have a dandy definition of majority.

50 > 48 ¯\_(ツ)_/¯

 

[Orangeburst]

50 > 48 ¯\_(ツ)_/¯

Bernie and King align all the time with the Repubs. I am sure we can count on them to support drilling.

 

[Volatility]

Bernie and King align all the time with the Repubs. I am sure we can count on them to support drilling.

You’ll have to talk with the independents about their alignment.

 

[Orangeburst]

You’ll have to talk with the independents about their alignment.

I dont need to talk to them. If you want to ride with these Independents, especially Bernie, who are not registered members of the the Dem Party, go right ahead and ride that pony.

 

[0nelilreb]

https://www.autoevolution.com/news/...harging-rates-go-through-the-roof-188884.html

It’s amazing how obtuse some people are when it comes to reality and things actually work .. what did they think was going to happen ? Fossil fuels bad , charging my EVs good .

 

[Jxn Vol]

I filled up my Tundra last night.
FJB FJB FJB FJB FJB FJB FJB

 

[headhunter15]

JP Morgan predicts the nationwide average will be $6 a gallon by August. Whoever runs against Biden/Harris, all they have to do is say we will restart Keystone and they will win.

 

[JOEY’S ALL VOL !!!]

Geez ... I am now at the point where every time I fill up with gas I believe we would have been better off taking our chances with Kanye.

 

[AshG]

Prices at the pump have hit record highs across the entire planet. Why do we think we're special and should be immune from a global phenomenon?

 

[85SugarVol]

Prices at the pump have hit record highs across the entire planet. Why do we think we're special and should be immune from a global phenomenon?

They’re mad because we have willfully chosen to govern our own production.

 

[AshG]

They’re mad because we have willfully chosen to govern our own production.

The masses don't understand that gas refined here isn't necessarily sold here. Fuel companies compete on the world market, our prices are significantly affected by demand on the world market.

Other countries are willing to pay more for our gas than we are. Let's hear a talking head in the money making media discuss that in depth.

 

[allvol123]

Prices at the pump have hit record highs across the entire planet. Why do we think we're special and should be immune from a global phenomenon?

And what do the leaders and their followers choose to believe, in these other parts of the world?

If you can’t have a government that operates in a manner to make decisions to improve the living conditions of their country, might as well submit to that one world government now.

 

[AshG]

And what do the leaders and their followers choose to believe, in these other parts of the world?

If you can’t have a government that operates in a manner to make decisions to improve the living conditions of their country, might as well submit to that one world government now.

What specifically would improve this situation? We could rape and pillage God's creation for all the resources possible in order to flood the market with more resources, but they'd make little headway as other producers would cut production to keep prices artificially high. And the rest of the world would still be willing to pay more than our pampered asses.

Or we could pass laws that require US-refined fuel to stay in the US. Then we'd watch production companies take off to other places so they can make more money.

 

[allvol123]

What specifically would improve this situation? We could rape and pillage God's creation for all the resources possible in order to flood the market with more resources, but they'd make little headway as other producers would cut production to keep prices artificially high. And the rest of the world would still be willing to pay more than our pampered asses.

Or we could pass laws that require US-refined fuel to stay in the US. Then we'd watch production companies take off to other places so they can make more money.

When you choose “rape and pillage” I already know your preference.