Gas prices slightly fell but at a cost. Check out refinery capacity.
What does it mean? It means there is little room for error and no slack for shutdowns. If a refinery has an accident, closes for maintenance, expect the prices to go back up.
The crack spread improved somewhat as well recently although it is still pretty high by historical standards.
13 comments:
How many barrels did Pres. Joe Xiden send to China?
The Permian Basin is a vast swath of West Texas and part of New Mexico with incredible, enduring oil and gas formations. So of course Biden and his anti-fossil fuel marxists at EPA want to kill it. How? By claiming its a threat to ozone.
They want to kill Air Conditioning, meat, milk non-E vehicles and fertilizer dependent agriculture next. Have you developed raw cuisine with Biden FDA insects/maggots/caterpillars yet?
BTW, I got AOC's lunch hangin'.
It's time to start living like the ants instead of the grasshoppers.
Joe does not have enough sense to plan or execute anything. Drill deeper (pun unintended).
Fuel prices will continue to slowly ease back down as election time nears. The Dems will tout the reductions while neglecting the fact that prices are still 50% above normal. The long con is the “rapid return” of Covid. To protect us look for mask requirements to return and the necessity of mail in and drop box voting.
Yes gas prices fell.
There’s no real
Negative to increased efficiency
This goddamn blog owner is such a troll
If every American got an apple pie and was relived of all debt the blog owner would purse her lips, grab her yorkie, and exclaim yea but we used a lot of apples and trees to make the pies and money.
Bitch stfu and go sit on a dick…..you need to get fucked.
6:34 - you hit the nail on the head sir. Even with these fuel prices and rampant inflation people are still running around playing like there is no tomorrow. Still crowding into restaurants. Everyone wants to hang onto their expensive status symbol transportation and build/buy houses they can't afford, but think they can. To paraphrase Dave Ramsey, the proper status symbol of choice is a paid off mortgage. I would add to that a well stocked freezer or two and a pantry in the same condition, a year round garden, good health due to regular exercise and nutrition, some appropriate firearms and plenty of ammunition, a whole house generator and plenty of fuel for it (I prefer propane as it never goes bad), a good stock of firewood, etc.
The reckoning isn't going to be pretty.
One thing is clearly shown. A very slight increase in refinery production can make a difference in the price of gas. Now if someone would just come up with an idea how to increase the amount of gas a refinery can produce.
Let me think about that for a minute or two.
I know this is a wild and crazy idea but I am just a wild and crazy guy.
How about we build a couple more refineries?
@7:21 - I agree with you. I check all the boxes to be prepared as conditions worsen. Which they assuredly will. Republicans own the coming disaster. Don't forget that when you vote.
I'm so glad my company lets me work 100% from home. It's been saving ma ton on gas costs and time.
@10:44 - sure, no problem. Got about $20 billion in loose change laying around? And then it will take about 5-7 years.
10:44 AM
It's a lot easier to get oil producers to invest in refineries when you don't say this during your campaign: https://www.youtube.com/watch?v=OJ7MMsheHzQ. Also helps to not shut down an oil pipe line day one.
Posters like 6:45AM always make me laugh because their transparent lack of business acumen.
12:53 PM It wasn't that long ago that people were trying to build refineries. they were willing to invest in one. The people running the country would not allow that to happen. Maybe that is one reason a business man was elected. None of the other politicians can look 5-7 years down the road.
It wasn't that long ago that a pipeline was being built. A politician put a stop to that on his first day in office.
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