Price of gas below where it was before Russia invasion

[snailspace]

Pres Biden, thank you

 

[RobDownSouth]

Must've been a coincidence that prices seemed to spike right around the time of the US congressional elections. What an extraordinary coincidence, right? Right?

 

[phrodeau]

Must've been a coincidence that prices seemed to spike right around the time of the US congressional elections. What an extraordinary coincidence, right? Right?

It’s tough to make the case, and one could claim any change in pump prices was politically motivated, up, down, or even not changing at all.

 

[snailspace]

Must've been a coincidence that prices seemed to spike right around the time of the US congressional elections. What an extraordinary coincidence, right? Right?

Saudi Arabia wants to make amends after Potus won big.

 

[BabyBoomer50s]

“Fuel prices have fallen because global economic jitters have dampened demand for oil, analysts said. U.S. oil refineries have also increased their output after many were shut down for maintenance, which has also helped keep gas prices low, they said.”

“Fuel prices spiked earlier this year across the globe after Russia’s invasion of Ukraine sparked fears that the global oil market would see major disruptions. The average price of gas was $3.54 a gallon at the time of the invasion. It rose more than 40% by June.

But as the U.S. and Europe pulled back on purchases of Russian oil, Russia was able to sell more oil to Asia and Africa, said James Hamilton, an economics professor at the University of California in San Diego.”

https://www.wsj.com/articles/gas-pr...o-11669943839?reflink=integratedwebview_share

 

[Brains_N_Boobs]

https://media.tenor.com/NlVD__5BcjAAAAAd/camel-chasing.gif

 

[iso36]

Must've been a coincidence that prices seemed to spike right around the time of the US congressional elections. What an extraordinary coincidence, right? Right?

 

[Brains_N_Boobs]

https://thumbs.gfycat.com/AmusedNippyAlaskanmalamute-size_restricted.gif

 

[Brains_N_Boobs]

https://media.tenor.com/_cEumE-qCeYAAAAC/camel-race.gif

 

[FelHarper]

I’m pretty sure that reduced demand for oil and gas is the main driver, but gas prices also do adjust seasonally, in part because they switch to a cheaper mix in winter months. We can expect prices to drop to their annual low in February, all else being equal. Expect a minor spike when people are traveling in December.

 

[ll74]

I’m pretty sure that reduced demand for oil and gas is the main driver, but gas prices also do adjust seasonally, in part because they switch to a cheaper mix in winter months. We can expect prices to drop to their annual low in February, all else being equal. Expect a minor spike when people are traveling in December.

I'm watching to see the news about Venezuela, as I'm fairly certain the US move was just a precursor for Europe to follow suit to increase supply.

 

[KeithD]

What? The Trumper/Republican machine's campaign to convince the American people that the economy is in far worse shape than it is (and that it was under Trump/Republicans) is faltering? Given the gullibility of the American voters, that's a bit hard to understand.

 

[iso36]

I'm watching to see the news about Venezuela, as I'm fairly certain the US move was just a precursor for Europe to follow suit to increase supply.

When Venezuelan men pretend to be women, do you find them more attractive than European men?

 

[KeithD]

Interesting that you would take a personal interest in that question.

 

[iso36]

Interesting that you would take a personal interest in that question.

It's not surprising you would pop a boner upon learning Ill74 is sucking cybercock.

 

[Lazaran]

It’s tough to make the case, and one could claim any change in pump prices was politically motivated, up, down, or even not changing at all.

I would generally agree, but in this case, there is evidence of proactive unjustified price gouging / profiteering in multiple sectors that served dual purposes: Enriching the businesses and corporations, and damaging the Democrat’s election chances with artificially exacerbated inflation.

Putin’s timing of his unwarranted invasion of Ukraine was also quite a “coincidence”.

As was the timing of OPEC + announcement of massive cuts in production.

I have never in my almost 60 years of living witnessed such overt economic interference by major players to affect an election.

 

[oggbashan]

UK prices have dropped a couple of pence in recent days, but are still far more expensive than they were before the Ukraine invasion, and started from a price significantly higher than US users have had to pay at their highest levels. It is the same across the whole Of Europe.

We were paying much more than US users, our prices have risen dramatically, now dropped slightly but still way above pre-Ukraine war levels.

 

[snailspace]

I would generally agree, but in this case, there is evidence of proactive unjustified price gouging / profiteering in multiple sectors that served dual purposes: Enriching the businesses and corporations, and damaging the Democrat’s election chances with artificially exacerbated inflation.

Putin’s timing of his unwarranted invasion of Ukraine was also quite a “coincidence”.

As was the timing of OPEC + announcement of massive cuts in production.

I have never in my almost 60 years of living witnessed such overt economic interference by major players to affect an election.

It didnt work!

 

[BabyBoomer50s]

UK prices have dropped a couple of pence in recent days, but are still far more expensive than they were before the Ukraine invasion, and started from a price significantly higher than US users have had to pay at their highest levels. It is the same across the whole Of Europe.

We were paying much more than US users, our prices have risen dramatically, now dropped slightly but still way above pre-Ukraine war levels.

There is considerable gas price variation among states in the US. The west coast states, especially California, really stick it to their residents via taxes and regulations.

 

[Lazaran]

It didnt work!

I would say the results in the U.S. (and worldwide) were mixed.

If not for the Dobbs decision, the “Red Wave” would likely have materialized in the U.S.

I can only hope that people recognize how the rich and powerful have an outsized ability to manipulate elections.

In the U.S. “Citizens United” only exacerbated that ^ problem.

SAD!!!