National Average Price of Gasoline Hits an All-Time High

[CagleMtnVol]

 

[NorthDallas40]

Thanks for that scam ridden link. What the hell man?

Reuters?

 

[Orangeburst]

Look at the bright side..the .9 may go away to leave signage room

 

[0nelilreb]

People would really flip the **** out if they had to buy 15 gallons of 15/40 Rotella for an oil change or fill up 2 -150 gallon tanks with diesel one time . Lol

 

[Electric Orange]

 

[CagleMtnVol]

From my Instagram feed..

 

[85SugarVol]

The moron in chief doubles down on stupid.

Facing record inflation, Biden aims at Exxon, other oil companies — Reuters

On behalf of all Democrats, I would once again like to extend the olive branch and ask Big Oil for their help in these difficult times.

- Joe Biden

 

[NorthDallas40]

- Joe Biden

Thinking this is the oil companies reply

 

[Vol423]

Thinking this is the oil companies reply

That and a rousing rendition of “Let’s Go Brandon!”

 

[Matt2496]

Amazing to just lie and lie some more. No wonder people believe in conspiracy theories.

Does anyone with an IQ above room temperature buy this?

 

[AM64]

The moron in chief doubles down on stupid.

Facing record inflation, Biden aims at Exxon, other oil companies — Reuters

So a dumb question. Who sets gasoline and diesel prices - oil companies or commodities markets? We know crude is a commodity traded on a market; it looks like gasoline and other petroleum products are too. Anybody know the real answer? How does anybody know what gasoline comes out of a pipeline? Looks a lot like one pipeline feeding a lot of different brands.

 

[NorthDallas40]

So a dumb question. Who sets gasoline and diesel prices - oil companies or commodities markets? We know crude is a commodity traded on a market; it looks like gasoline and other petroleum products are too. Anybody know the real answer? How does anybody know what gasoline comes out of a pipeline? Looks a lot like one pipeline feeding a lot of different brands.

I think you answered it. Commodity markets.

 

[Vol Main]

Profit margins are at a fifty-year high.

 

[hog88]

Profit margins are at a fifty-year high.

For the last 2 years they had record losses.

 

[***RoadVol***]

For the last 2 years they had record losses.

What is a loss anymore? Did they not make any money? Or did they just not make as much as they wanted and are calling it a loss?

 

[0nelilreb]

What is a loss anymore? Did they not make any money? Or did they just not make as much as they wanted and are calling it a loss?

Same on taxes . Projected profit

 

[Orangeslice13]

It’s not a shortage of getting it out of the ground so much as a refining capacity shortage. Why would refiners expand capacity with the administration promising to end the industry?

And capacity continues to shrink. It requires a permit to test, repair and maintain storage tanks. Soooooo as the tanks come up for maintenance they get shut down because they can’t get permits. Guess who’s fault that is.

 

[BigOrangeTrain]

Profit margins are at a fifty-year high.

Democratic deflection. Nothing is Bidens fault

 

[85SugarVol]

Profit margins are at a fifty-year high.

I just don’t understand why Big Oil isn’t doing anything to help Democrats.

 

[tim]

For those who believe the president is not in any way responsible for fuel/energy prices.

Merge if needed

 

[Vol Main]

 

[Rasputin_Vol]

Seems like almost every company has two markets now. The stock market and the market where goods are sold. That old thought about capitalism being about competition leading to the best product at the lowest price in the market where goods are sold is dead. The one where stockholders are sold on a company's profitability is alive and well - Wall St is just Las Vegas East with your retirement as fodder for the plundering. Unless that changes, capitalism has an expiration date, and it's probably shorter than we want to think.

Sounds like you are moving in my direction... at least on this issue. Not saying that capitalism is bad, I'm saying that the people running the show are not running a capitalist system. It is a fascist/corporatist/cartelist system. And they use the Federal Reserve, law enforcement and the military to maintain order.

 

[tim]

Nope, when govt regulates something, shortages follow. We know this

 

[MurphyVol]

Wait...are you trying to say politicians don't really care about us and only care about whatever will get them elected..

OMG

 

[Vol Main]

Nope, when govt regulates something, shortages follow. We know this

Your post is a false fallacy of reduction. You are reducing a hugely complex issue to a single factor. That makes it easy for you to believe in your own knowledge and understanding of the issue, but it is a foolish expression of ignorance.