Goddamn gas prices
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I want these prices back so bad
When there is a president from the Dems, they want him to be Jesus and fix all the fucking problems. Republican presidents can kill thousands of people and tell congress people to go back to their own country and shit is just hunky dory. Crazy
^^^^
Prices have been about 1.999 - 2.069 / L in recent days.
If I remember correctly, the highest it got to was around 2.37 / L in recent months.
Thankful to only be needing to gas up twice a month for the past decade plus.
If I remember correctly, the highest it got to was around 2.37 / L in recent months.
Thankful to only be needing to gas up twice a month for the past decade plus.
Had something like this happen once at BP months ago. Only problem was he grabbed the diesel pump and passed it between the pumps. I was in a hurry for work and didn’t notice at first but while I was trying to get the pump to work he was pumping diesel the WRONG GAS into his own car.
I said eh yo son, you swapped out the wrong pumps - I got you. Your handle is green! He like yeah they all are, its BP. I’m like no nigga, fuck you doing?
He said oh no my bad and kept pumping. When I stepped over to his side, he went to my side and put the pump back. I said white nigga you on some silly shit this morning. You ready to take an ass whopping over some gas. He said who giving out ass whoppings bitch you? Try me.
But while we going back n forth his woman noticed the pump was wrong and got out to tell him. I just reached in my car and grabbed the strap. I look up and he said here bitch take the money then, I got money he said. Like it was an honest mistake and started throwing twenties in my car.
If you had the money why you trying to steal it nigga?? SMH
Then this stupid ass talking about what will the diesel do to his car? I said how the fuck should I know? AND they had to go in the station but BP got the whole shit on camera too. I hung up the pump and peeled out, he just stood there fussing at her.
It cost like 100 dollars to fill up my ride too, I get it but it aint worth all that.
Luckily I’m reasonable.
oNE
National Gas Average in America is $4.68/gal.
I doubt it will drop below $4/gal.
Big Oil has already done the math when it hit to $5/gal. They already saw what their profits were then, they already getting in gear to get it over $10/gal. cuz it means double the profits they saw at $5/gal.
It’s not a matter of if….it’s when.
I doubt it will drop below $4/gal.
Big Oil has already done the math when it hit to $5/gal. They already saw what their profits were then, they already getting in gear to get it over $10/gal. cuz it means double the profits they saw at $5/gal.
It’s not a matter of if….it’s when.
National Gas Average is $4.49/gal.
There are some states with gas less than $4/gal.
More US stations are selling gas for less than $4 a gallon
Gasoline for less than $4 a gallon is back, at least in some spots.
Nearly one in five gas stations is charging under the $4 mark for a gallon of regular gas, according to OPIS, which surveys US gas stations to compute price averages for AAA. That's about 24,000 stations nationwide, mostly in the Southeast and in oil patch states like Texas and Oklahoma.
amp.cnn.com
There are some states with gas less than $4/gal.
More US stations are selling gas for less than $4 a gallon
Gasoline for less than $4 a gallon is back, at least in some spots.
Nearly one in five gas stations is charging under the $4 mark for a gallon of regular gas, according to OPIS, which surveys US gas stations to compute price averages for AAA. That's about 24,000 stations nationwide, mostly in the Southeast and in oil patch states like Texas and Oklahoma.
The return of gas for less than $4 a gallon
Gasoline for less than $4 a gallon is back, at least in some spots.
amp.cnn.com
US average gas price is $4.35/gal.
It’s averaging around $4.80/gal in the Vegas area.
Still, no one giving Biden credit.
HaHa!!!
It’s averaging around $4.80/gal in the Vegas area.
Still, no one giving Biden credit.
HaHa!!!
I paid $4.19 here in SW OH, so that's about a full dollar off the high early last month.
I saw 4.19 also. In Columbus. It's 3.95 at Costco today.
$2,245.62 a second: ExxonMobil scores enormous profit on record gas prices
ExxonMobil's net income came to $2,245.62 every second of every day of the 92-day long quarter. On that basis, Chevron earned $1,462.11 per second.
Since it takes about two minutes to pump 20 gallons of gas, that means between them the two oil giants earned more than $400,000 between them in the time it took you to fill your tank.
amp.cnn.com
ExxonMobil's net income came to $2,245.62 every second of every day of the 92-day long quarter. On that basis, Chevron earned $1,462.11 per second.
Since it takes about two minutes to pump 20 gallons of gas, that means between them the two oil giants earned more than $400,000 between them in the time it took you to fill your tank.
$2,245.62 a second: ExxonMobil scores enormous profit on record gas prices
ExxonMobil and Chevron both reported record massive profits thanks to record gasoline prices during the quarter.
amp.cnn.com
Yeah it has been dropping rapidly and also the stock market has done well lately. He's already tainted lol he's not going to get credit people have decided they want him out.
Which is why America deserves everything it gets.
They would rather vote for a bum ass like Trump who took away the tax benefits out of their houses then give credit to Biden who is trying to fix shit.
Oil companies reap unprecedented profits as Americans struggle to pay for food and gas
Soaring energy prices baked into delivery costs are driving up the cost of everything from apples to toilet paper.www.cbsnews.com
Got 87 Octane in Fort Worth for $3.45 today.
No, Republicans deserve everything that they’re going to get.
Nothing from February seems natural
Gassed up this morning at $1.919 per L.
The previous fill up a few weeks ago was around $1.979.
The most I had to pay was around $2.34 back in the spring.
Really thankful that it's primarily 80 - 90% highway driving, and the rest city. Off-peak hours.
Gas loyalty card gives 7 cents back per L, which goes towards free groceries, as do all the points on the card.
U.S. gasoline prices fall below $4 for first time since March
By Laura Sanicola
August 11, 2022
www.reuters.com
The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world's largest consumer of the fuel.
The national average price for regular unleaded gas fell to $3.990 a gallon on Thursday, according to the American Automobile Association.
Gasoline prices peaked at a record $5.02 in June, pinching wallets and causing drivers to buy less fuel in July than they did during the pandemic in July 2020.
The latest price drop may help President Joe Biden's administration and Democrats in Congress during November's midterm elections. The White House has taken several steps to curb oil prices in the wake of Russia's invasion of Ukraine. Biden said Wednesday that inflation was showing signs of moderating, even though people were "still hurting."
At one point, crude oil , the main driver of gasoline prices, reached $139 a barrel; it was at $98 on Thursday. Prices have dropped as market fears of severe restrictions on supply have ebbed.
The White House is releasing more than 180 million barrels of crude oil from the U.S. Strategic Petroleum Reserve. U.S. oil output has risen by about 500,000 barrels per day (bpd) this year to 12.2 million bpd.
Overall gasoline product supplied, a proxy for demand, is down 6.3% over the last four weeks when compared with a year ago, according to EIA data. The most recent week of data showed demand picking up from July, which analysts hoped was a signal that the recent dip in prices would resurrect demand. For the four weeks ended July 29, gasoline product supplied was 8.59 million bpd, compared with 8.72 million bpd in July 2020.
Click Above Link For Full Story
By Laura Sanicola
August 11, 2022
U.S. gasoline prices fall below $4 for first time since March
The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world's largest consumer of the fuel.
The average price of U.S. retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world's largest consumer of the fuel.
The national average price for regular unleaded gas fell to $3.990 a gallon on Thursday, according to the American Automobile Association.
Gasoline prices peaked at a record $5.02 in June, pinching wallets and causing drivers to buy less fuel in July than they did during the pandemic in July 2020.
The latest price drop may help President Joe Biden's administration and Democrats in Congress during November's midterm elections. The White House has taken several steps to curb oil prices in the wake of Russia's invasion of Ukraine. Biden said Wednesday that inflation was showing signs of moderating, even though people were "still hurting."
At one point, crude oil , the main driver of gasoline prices, reached $139 a barrel; it was at $98 on Thursday. Prices have dropped as market fears of severe restrictions on supply have ebbed.
The White House is releasing more than 180 million barrels of crude oil from the U.S. Strategic Petroleum Reserve. U.S. oil output has risen by about 500,000 barrels per day (bpd) this year to 12.2 million bpd.
Overall gasoline product supplied, a proxy for demand, is down 6.3% over the last four weeks when compared with a year ago, according to EIA data. The most recent week of data showed demand picking up from July, which analysts hoped was a signal that the recent dip in prices would resurrect demand. For the four weeks ended July 29, gasoline product supplied was 8.59 million bpd, compared with 8.72 million bpd in July 2020.
Click Above Link For Full Story
Same here just got some $2.99, was happy
but even more excited for the below $2 Prices of our fellow members
Prices are now near what they were pre-ukraine invasion. I just paid $3.28/gal and its a holiday weekend. 
I'm done with all this
I don't understand this. What is a swap?
Gas prices jump nationwide ahead of OPEC meeting
by Jarrod Clay
Monday, October 3rd 2022
abc6onyourside.com
For the second consecutive week, gas prices have gone up. The national average has climbed 11.1 cents from last week to $3.78 per gallon, according to GasBuddy.
In Columbus, the average went up 15 cents from last week to $3.68 per gallon.
The national average price of diesel has declined 2.9 cents in the last week and stands at $4.86 per gallon.
According to GasBuddy, gas prices could go a little higher before eventually coming back down.
“Some West Coast states saw prices rise 35 to 55 cents per gallon in the last week as refinery issues continued to impact gasoline supply, which fell to its lowest level in a decade in the region, causing prices to skyrocket," GasBuddy head of petroleum analysis Patrick De Haan said. "While I’m hopeful there will eventually be relief, prices could go a bit higher before cooling off. In addition, OPEC could decide to cut oil production by a million barrels as the global economy slows down, potentially creating a catalyst that could push gas prices up further.”
Why the rise in prices?
GasBuddy said crude oil prices were sharply higher Monday as OPEC prepares to meet this week and appears likely to cut oil production as the global economy slows down.
According to GasBuddy, U.S. fuel inventories and production are down from last week.
U.S. oil inventories fell 200,000 barrels and oil inventories stand about 2% below the five-year average for this time of year, according to the Energy Information Administration. Gasoline inventories are down 2.4 million barrels and are about 6% below the five-year average.
GasBuddy said refinery utilization fell to 906% of capacity and domestic U.S. oil production is down 100,000 barrels to 12.1 million barrels a day.
U.S. retail gasoline demand is also down by nearly 2% from last week, according to GasBuddy.
Click Above Link To View Social Media
by Jarrod Clay
Monday, October 3rd 2022
Gas prices jump nationwide ahead of OPEC meeting
For the second consecutive week, gas prices have gone up. The national average has climbed 11.1 cents from last week to $3.78 per gallon, according to GasBuddy.
In Columbus, the average went up 15 cents from last week to $3.68 per gallon.
The national average price of diesel has declined 2.9 cents in the last week and stands at $4.86 per gallon.
According to GasBuddy, gas prices could go a little higher before eventually coming back down.
“Some West Coast states saw prices rise 35 to 55 cents per gallon in the last week as refinery issues continued to impact gasoline supply, which fell to its lowest level in a decade in the region, causing prices to skyrocket," GasBuddy head of petroleum analysis Patrick De Haan said. "While I’m hopeful there will eventually be relief, prices could go a bit higher before cooling off. In addition, OPEC could decide to cut oil production by a million barrels as the global economy slows down, potentially creating a catalyst that could push gas prices up further.”
Why the rise in prices?
GasBuddy said crude oil prices were sharply higher Monday as OPEC prepares to meet this week and appears likely to cut oil production as the global economy slows down.
According to GasBuddy, U.S. fuel inventories and production are down from last week.
U.S. oil inventories fell 200,000 barrels and oil inventories stand about 2% below the five-year average for this time of year, according to the Energy Information Administration. Gasoline inventories are down 2.4 million barrels and are about 6% below the five-year average.
GasBuddy said refinery utilization fell to 906% of capacity and domestic U.S. oil production is down 100,000 barrels to 12.1 million barrels a day.
U.S. retail gasoline demand is also down by nearly 2% from last week, according to GasBuddy.
Click Above Link To View Social Media
OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure
Oil prices have fallen to roughly $80 a barrel from over $120 in early June amid growing fears about the prospect of a global economic recession.
www.cnbc.com
A group of some of the world's most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite calls from the U.S. to pump more to help the global economy.
OPEC and non-OPEC allies, a group often referred to as OPEC+, decided at their first face-to-face gathering since 2020 to cut production by 2 million barrels per day from November.
Energy market participants had expected OPEC+, which includes Saudi Arabia and Russia, to impose production cuts of somewhere between 500,000 barrels to 2 million barrels.
The move represents a major reversal in production policy for the alliance, which slashed output cuts by a record 10 million barrels per day in early 2020 when demand crashed due to the Covid-19 pandemic. The oil cartel has since gradually unwound those record cuts, albeit with several OPEC+ countries struggling to fulfill their quotas.
Oil prices have fallen to roughly $80 a barrel from over $120 in early June amid growing fears about the prospect of a global economic recession.
The production cut for November is an attempt to reverse this slide, despite rerepeated pressure from U.S. President Joe Biden's administration for the group to pump more to lower fuel prices ahead of midterm elections next month.
International benchmark Brent crude futures traded at $92.82 a barrel during afternoon deals in London, up around 1.1%. U.S. West Texas Intermediate futures, meanwhile, stood at $87.37, almost 1% higher.
OPEC+ will hold its next meeting on Dec. 4.
'Selfishly motivated'
Energy analysts said the actual impact of the group's supply cuts for November was likely to be limited, with unilateral cuts by Saudi Arabia, the United Arab Emirates, Iraq and Kuwait likely to do the main job.
What's more, analysts said it is currently difficult for OPEC+ to form a view more than a month or two into the future as the energy market faces the uncertainty of more European sanctions on non-OPEC producer Russia — including on shipping insurance, price caps and reduced petroleum imports.
"In its own words, OPEC's mission is to ensure an adequate pricing environment for both consumers and producers. Yet the decision to reduce output in the current environment runs counter to this objective," Stephen Brennock, a senior analyst at PVM Oil Associates in London, said in a research note.
"Further squeezing already-tight supplies will be a slap in the face for consumers. The selfishly motivated move is aimed purely at benefiting producers," he added. "In short, OPEC+ is prioritising price above stability at a time of great uncertainty in the oil market."
Rohan Reddy, director of research at Global X ETFs, told CNBC that the group's decision to impose production cuts could see oil prices rally back to $100 a barrel — assuming no major bouts of Covid globally and the U.S. Federal Reserve not becoming unexpectedly hawkish.
"Due to the decision, volatility will likely return to the market, and despite concerns about the resilience of the global economy, the oil market is tight, all of which should serve as a tailwind for prices in the fourth quarter," Reddy said.
He added that while a return to $100 oil is possible, "a more likely scenario in the short term is that oil prices hover in the $90 to $100 range as the market digests economic data releases."
Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession.
Oil prices have fallen to roughly $80 a barrel from over $120 in early June amid growing fears about the prospect of a global economic recession.
OPEC+ to cut oil production by 2 million barrels per day to shore up prices, defying U.S. pressure
Oil prices have fallen to roughly $80 a barrel from more than $120 in early June amid growing fears about the prospect of a global economic recession.
A group of some of the world's most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices despite calls from the U.S. to pump more to help the global economy.
OPEC and non-OPEC allies, a group often referred to as OPEC+, decided at their first face-to-face gathering since 2020 to cut production by 2 million barrels per day from November.
Energy market participants had expected OPEC+, which includes Saudi Arabia and Russia, to impose production cuts of somewhere between 500,000 barrels to 2 million barrels.
The move represents a major reversal in production policy for the alliance, which slashed output cuts by a record 10 million barrels per day in early 2020 when demand crashed due to the Covid-19 pandemic. The oil cartel has since gradually unwound those record cuts, albeit with several OPEC+ countries struggling to fulfill their quotas.
Oil prices have fallen to roughly $80 a barrel from over $120 in early June amid growing fears about the prospect of a global economic recession.
The production cut for November is an attempt to reverse this slide, despite rerepeated pressure from U.S. President Joe Biden's administration for the group to pump more to lower fuel prices ahead of midterm elections next month.
International benchmark Brent crude futures traded at $92.82 a barrel during afternoon deals in London, up around 1.1%. U.S. West Texas Intermediate futures, meanwhile, stood at $87.37, almost 1% higher.
OPEC+ will hold its next meeting on Dec. 4.
'Selfishly motivated'
Energy analysts said the actual impact of the group's supply cuts for November was likely to be limited, with unilateral cuts by Saudi Arabia, the United Arab Emirates, Iraq and Kuwait likely to do the main job.
What's more, analysts said it is currently difficult for OPEC+ to form a view more than a month or two into the future as the energy market faces the uncertainty of more European sanctions on non-OPEC producer Russia — including on shipping insurance, price caps and reduced petroleum imports.
"In its own words, OPEC's mission is to ensure an adequate pricing environment for both consumers and producers. Yet the decision to reduce output in the current environment runs counter to this objective," Stephen Brennock, a senior analyst at PVM Oil Associates in London, said in a research note.
"Further squeezing already-tight supplies will be a slap in the face for consumers. The selfishly motivated move is aimed purely at benefiting producers," he added. "In short, OPEC+ is prioritising price above stability at a time of great uncertainty in the oil market."
Rohan Reddy, director of research at Global X ETFs, told CNBC that the group's decision to impose production cuts could see oil prices rally back to $100 a barrel — assuming no major bouts of Covid globally and the U.S. Federal Reserve not becoming unexpectedly hawkish.
"Due to the decision, volatility will likely return to the market, and despite concerns about the resilience of the global economy, the oil market is tight, all of which should serve as a tailwind for prices in the fourth quarter," Reddy said.
He added that while a return to $100 oil is possible, "a more likely scenario in the short term is that oil prices hover in the $90 to $100 range as the market digests economic data releases."
Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession.
Oil and petroleum products explained
American Oil imports and exports
www.eia.gov
The United States was a total petroleum net exporter in 2020 and 2021
In 2021, the United States exported about 8.63 million barrels per day (b/d) and imported about 8.47 million b/d of petroleum,1 making the United States an annual total petroleum net exporter for the second year in a row since at least 1949. Total petroleum net exports were about 0.16 million b/d in 2021, and total petroleum net exports in 2020 were 0.63 million b/d. Also in 2021, the United States produced2 about 18.66 million b/d of petroleum and consumed3 about 19.78 million b/d. Even though U.S. annual total petroleum exports were greater than total petroleum imports in 2020 and 2021, the United States still imported some crude oil and petroleum products from other countries to help to supply domestic demand for petroleum and to supply international markets.
The United States remained a net crude oil importer in 2021, importing about 6.11 million b/d of crude oil and exporting about 2.90 million b/d. However, some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products—such as gasoline, heating oil, diesel fuel, and jet fuel—that the U.S. exports. Also, some of imported petroleum may be stored and subsequently exported.
U.S. petroleum imports peaked in 2005
After generally increasing every year from 1954 through 2005, U.S. gross and net total petroleum imports peaked in 2005. Since 2005, increases in domestic petroleum production and increases in petroleum exports have helped to reduce annual total petroleum net imports. In 2020 and 2021, annual total petroleum net imports were actually negative, the first years since since at least 1949.
The majority of U.S. total petroleum exports are petroleum liquids and refined petroleum products
Because of logistical, regulatory, and quality considerations, exporting some petroleum is the most economical way to meet the market's needs. For example, refiners in the U.S. Gulf Coast region frequently find that it makes economic sense to export some of their gasoline to Mexico rather than shipping it to the U.S. East Coast because lower cost gasoline imports from Europe may be available to the East Coast.
Petroleum liquids include hydrocarbon gas liquids (HGLs). HGLs exports, mainly propane, have increased substantially since 2008, and in 2021, HGLs represented about 27% of total U.S. gross petroleum exports.
Click Above Link For More Information
American Oil imports and exports
Oil imports and exports - U.S. Energy Information Administration (EIA)
U.S. crude oil imports sources including OPEC and Persian Gulf, and top five source countries of U.S. oil imports and destinations of U.S. crude oil exports.
The United States was a total petroleum net exporter in 2020 and 2021
In 2021, the United States exported about 8.63 million barrels per day (b/d) and imported about 8.47 million b/d of petroleum,1 making the United States an annual total petroleum net exporter for the second year in a row since at least 1949. Total petroleum net exports were about 0.16 million b/d in 2021, and total petroleum net exports in 2020 were 0.63 million b/d. Also in 2021, the United States produced2 about 18.66 million b/d of petroleum and consumed3 about 19.78 million b/d. Even though U.S. annual total petroleum exports were greater than total petroleum imports in 2020 and 2021, the United States still imported some crude oil and petroleum products from other countries to help to supply domestic demand for petroleum and to supply international markets.
The United States remained a net crude oil importer in 2021, importing about 6.11 million b/d of crude oil and exporting about 2.90 million b/d. However, some of the crude oil that the U.S. imports is refined by U.S. refineries into petroleum products—such as gasoline, heating oil, diesel fuel, and jet fuel—that the U.S. exports. Also, some of imported petroleum may be stored and subsequently exported.
U.S. petroleum imports peaked in 2005
After generally increasing every year from 1954 through 2005, U.S. gross and net total petroleum imports peaked in 2005. Since 2005, increases in domestic petroleum production and increases in petroleum exports have helped to reduce annual total petroleum net imports. In 2020 and 2021, annual total petroleum net imports were actually negative, the first years since since at least 1949.
The majority of U.S. total petroleum exports are petroleum liquids and refined petroleum products
Because of logistical, regulatory, and quality considerations, exporting some petroleum is the most economical way to meet the market's needs. For example, refiners in the U.S. Gulf Coast region frequently find that it makes economic sense to export some of their gasoline to Mexico rather than shipping it to the U.S. East Coast because lower cost gasoline imports from Europe may be available to the East Coast.
Petroleum liquids include hydrocarbon gas liquids (HGLs). HGLs exports, mainly propane, have increased substantially since 2008, and in 2021, HGLs represented about 27% of total U.S. gross petroleum exports.
Click Above Link For More Information
Adel Al-Jubeir: Saudi Arabia Does Not Politicize Oil or Oil Decisions
www.arabnews.com
Adel Al-Jubeir, Saudi Arabia’s Minister of State for Foreign Affairs, has hit back against allegations the Kingdom was responsible for higher US gas prices, and instead said that America’s inadequate refining capacity was behind the uptick in costs.
“Saudi Arabia does not politicize oil or oil decisions. Oil is not a weapon… we look at oil as a commodity and we look at all this is important to the global economy in which we have a huge stake,” Al-Jubeir said in an interview with Fox News.
“The idea that Saudi Arabia would do that would do this to harm the US or to be in any way politically involved is absolutely not correct at all. With due respect the reason you have high prices in the United States is because you have a refining shortage that has been in existence for more than 20 years, you haven’t built refineries in decades,” Al-Jubeir told Fox News.
Al-Jubeir: Saudi Arabia does not politicize oil or oil decisions
Get the latest breaking news and headlines from the largest Arab News website. Get world news, sport news, business news, entertainment, lifestyle, video and photos.
Adel Al-Jubeir, Saudi Arabia’s Minister of State for Foreign Affairs, has hit back against allegations the Kingdom was responsible for higher US gas prices, and instead said that America’s inadequate refining capacity was behind the uptick in costs.
“Saudi Arabia does not politicize oil or oil decisions. Oil is not a weapon… we look at oil as a commodity and we look at all this is important to the global economy in which we have a huge stake,” Al-Jubeir said in an interview with Fox News.
“The idea that Saudi Arabia would do that would do this to harm the US or to be in any way politically involved is absolutely not correct at all. With due respect the reason you have high prices in the United States is because you have a refining shortage that has been in existence for more than 20 years, you haven’t built refineries in decades,” Al-Jubeir told Fox News.
Paid $4.53/gal this morning in Vegas.