Gas Prices have More Than Doubled Since Biden Took Office

[oggbashan]

What happens when there's too much inventory? Do prices jump or go down?

That is unlikely for a year or more. The real problem is the lack of refining capacity to make gas (UK= petrol) out of crude. Russia has 25% of the world's capacity and a fire at a gas processing plant in Texas doesn't help. Europe and the Uk are going to add more refining capacity but that will take time and money.

The price of crude oil is set by worldwide demand and supply. Taking 25% out of the supply impacts prices as nations scramble for oil.

 

[Rightguide]

I don't understand what your fucking problem is -

you fucking complain about the high cost of gas -

then you fucking say that you have no problem with the oil comps charging whatever they want, and raking in huge profits - on your back.

the fucking stupidity of your reepies goes far beyond boggling the mind.

They only make 3-5% net return on investment. That's not what one would call obscene profits. They make big numbers because there is huge market demand for what they produce.

 

[the_single_gal_unconfidential]

sooooo, they make 300 billion -
if that's just 5 pct of what they take in - then that their total revenue is like 6 quadrillion.
you fucking idiot. the total gdp of britain or something.
the fucking gop raking in idiots like you.

 

[Rightguide]

sooooo, they make 300 billion -
if that's just 5 pct of what they take in - then that their total revenue is like 6 quadrillion.
you fucking idiot. the total gdp of britain or something.
the fucking gop raking in idiots like you.

Look up the data yourself you ignorant dunce. It is what I said it is.

 

[ll74]

They only make 3-5% net return on investment. That's not what one would call obscene profits. They make big numbers because there is huge market demand for what they produce.

This isn't JCPenney or P&G. We subsidize much of that profit.

 

[Rightguide]

Average Cost for a Gallon of Gas Hits $5 for First Time in US History​

By Zachary Stieber

June 11, 2022 Updated: June 11, 2022

https://www.theepochtimes.com/avera...utm_source=partner&utm_campaign=BonginoReport

Thanks Joe.

 

[Sh1ne0n67]

It's the RED GREEN economy that we voted for,

because everyone was broke, homeless and starving under the ORANGE economy...



Just learn to live with it, it's THE NEW NORMAL...
__________________________________________
Democrat born. Democrat bred. Libertarian led (by Democrats).

 

[LukSkyFokker]

Someone fixed the dipshittery.

 

[LukSkyFokker]

 

[Chernosoth]

I have thought about buying a scooter or something with a 50cc engine, but I would not drive one on today's roads between giant SUVs and other turbo death machines. The price of gas is not yet high enough to sweep the dickmobiles off the roads.

 

[dmonty]

No, but since you're ignorant and a liar your opinion doesn't matter.

"As households around the globe struggle with rising energy bills, some of the world's leading oil giants reported record profits for the first three months of this year."

https://www.usatoday.com/story/money/economy/2022/05/07/oil-company-record-profits-2022/9686761002/

After Billions and Billions in loses due to the Democrats/Socialists lockdowns over the last 2 years for the common cold.. its not record profits when it is making up for billions in prior 2 years record losses due to political lockdowns

 

[ll74]

After Billions and Billions in loses due to the Democrats/Socialists lockdowns over the last 2 years for the common cold.. its not record profits when it is making up for billions in prior 2 years record losses due to political lockdowns

The lockdowns were short and we're led by Republicans for the most part.

 

[Rightguide]

Lest we forget. When Trump left office the inflation rate was 1.4%. It's more than six times that number in the first half of Joe's second year.

 

[Rightguide]

Oh, and just saw this on Fox, the gas price in Los Angeles of $7.89 a gallon for regular. The people of L.A. thank you Brandon.

 

[LukSkyFokker]

Lest we forget. When Trump left office the inflation rate was 1.4%. It's more than six times that number in the first half of Joe's second year.

Oh, and just saw this on Fox, the gas price in Los Angeles of $7.89 a gallon for regular. The people of L.A. thank you Brandon.

Your utter lack of knowledge about how the economy works could fill a space as vast as your empty dome. FFS, you're a fucking idiot.

 

[Sean Renaud]

I wonder where in LA gas is that high. I don't doubt that its pretty bad but at least they have public transit that kinda sorta works. Its in the sixes here which is absurd but honestly unless you are commuting between LA. and where I live the gas prices aren't killing you, they are just REALLY annoying.

 

[LukSkyFokker]

I wonder where in LA gas is that high. I don't doubt that its pretty bad but at least they have public transit that kinda sorta works. Its in the sixes here which is absurd but honestly unless you are commuting between LA. and where I live the gas prices aren't killing you, they are just REALLY annoying.

vettebigot is lying again.

https://www.gasbuddy.com/gasprices/california/los-angeles

Not one of the above is over $6.00.

 

[Sean Renaud]

I am.
https://www.gasbuddy.com/gasprices/california/fontana

 

[Sean Renaud]

I am very much LA adjacent.

 

[LukSkyFokker]

Poor vetteliar.

 

[DeluxAuto]

The national average is now $4.98/gal.

 

[Rightguide]

Joe Biden Officially Becomes the Most Unpopular Second-Year President in Recorded History​

By Bonchie | Jun 21, 2022 11:00 AM ET

Joe Biden has crossed another major milestone, and I’m not talking about him setting records for presidential vacations, ice-cream eating, or inflation.

According to polling aggregate site 538, which has a hard-left bent on its editorial side, Biden is now the most unpopular president in recorded history at this point in his tenure. Just in his second year, he is more unpopular than any of his predecessors where polling data exists, stretching back nearly 90 years.
By Bonchie | Jun 21, 2022 11:00 AM ET

More here:

https://redstate.com/bonchie/2022/0...nd-year-president-in-recorded-history-n581842

America says thanks to the ignorant who in November of 2020 laid down the greatest act of self-immolation in US History when they cluelessly cast their vote for Joe Biden.

 

[rockcasbah]

Q: How bad was Trump?

A: he got the fossil Biden elected.

 

[Rotadom]

Gas prices have dropped for 8 straight days and Biden is asking for a gas tax relief today.

 

[Rightguide]

I wonder where in LA gas is that high. I don't doubt that its pretty bad but at least they have public transit that kinda sorta works. Its in the sixes here which is absurd but honestly unless you are commuting between LA. and where I live the gas prices aren't killing you, they are just REALLY annoying.

A sign of the times, and not a good one: $8.05 for a gallon of regular at an L.A. station​

BY REBECCA SCHNEID
JUNE 3, 2022 5 AM PT
Marvis Joy thought it was bad enough that the gas he was pumping into his Jeep Wrangler cost $7.85 for a gallon of regular. But he was taken aback when he heard how much that same gallon cost at that same downtown Los Angeles Chevron station just two days earlier.
An eye-popping $8.05.

https://www.latimes.com/california/story/2022-06-03/los-angeles-gas-price-tops-dollars

https://imgur.com/yGJMobY

A ten second Google.