Gas is over $3.00 a gallon in Georgia, why?

[jenkinscreekdawg]

81 Million Votes

You got JOKES !!

 

[Zonadog]

Some of you guys really have the victim mentality down to a T!

Fact check: Rising gas prices due to high demand and low supply, not Biden's policies

A post online claims the recent increase in gas prices is associated with President Joe Biden. This is false.

www.usatoday.com

Gas Prices Keep Rising, and Experts Predict Even Higher Costs Down the Road

The last time drivers faced prices this high at gas stations was 2014.

money.com

CBS "News" tried to tell us yesterday that inflation, higher oil prices and supply issues were all because of Ukraine, not Biden Admin decisions over the past year. This is why the majority of the American public no longer trusts the press.

 

[phoenixdawg]

US imported 7.86MB/D in 2020…

Now do how much of total imports came from Opec countries as the original question asked. You can find that in the 2nd paragraph of the same EiA data you pulled your number from.

 

[PotimusWillie]

Now do how much of total imports came from Opec countries as the original question asked. You can find that in the 2nd paragraph of the same EiA data you pulled your number from.

Lowest amount since 1991. Off the U.S. Energy Admin Information Site.

 

[phoenixdawg]

In 2020, the US imported the least amount of oil since 1991.

That is off the US Energy Information Administration sight. I wanted to use a more realizable source like The USA Today….but…I.. hahahahahahahhHaha. Sorry, I couldn’t type that without laughing out loud!

In fact we net exported.

 

[phoenixdawg]

Lowest amount since 1991. Off the U.S. Energy Admin Information Site.

My point is these Opec cutting production. Is a red herring. The US imported 800,000 bpd from Opec countries, less than 1 day of finished product sales by 1 major oil company US producers thrive at $50 oil, but when the US doesn’t produce, it allows the Opec cartel to price at$80 which enables the financial wherewithal to support the social state in Saudi, Russia, etc.

 

[PotimusWillie]

My point is these Opec cutting production. Is a red herring. The US imported 800,000 bpd from Opec countries, less than 1 day of finished product sales by 1 major oil company US producers thrive at $50 oil, but when the US doesn’t produce, it allows the Opec cartel to price at$80 which enables the financial wherewithal to support the social state in Saudi, Russia, etc.

I’m with you there. My response was through you to the poster you were engaged with who was trying to blame another president. I agree wholeheartedly with your point in this.

Your point about net import neutrality was spot on.

 

[jbpayne32]

the US has significantly cut its oil/gas production. Maybe in the 650 million barrels per day range. That supply is out of the world market. Same demand chasing smaller quantity. Scarcity drives price.
I think the green concept gets fuzzy here. Same oil being consumed, not sure how that is better for environment. Actually US oil/gas production is more enviro friendly. This green win also hurts the US inflation and hurts foreign policy. But, the greenies feel good

The US produces about 11.5M barrels a day from a high of 12.5M a day just before the pandemic…it uses 20M per day. You’re not even close here buddy…

 

[mikul1]

OPEC cut production by 10M barrels a day, then Ukraine caused price hikes. That’s the latest of issues

How can Ukraine cause our gas prices to increase ? We get none from them.

 

[mikul1]

We exported energy when Trump was President. You want us to believe that Biden executive ordering the keystone pipe line closer had nothing to do with our gas prices. When Trump was President and Iran started all the problems in the gulf and gas cost all over the world went up but the United States, now it is 100% opposite. A problem somewhere over there and our gas goes up within the hour.

 

[SatillaRiverDawg]

Specifically, why did gas go up from $1.95 gal to over $3.00?

No clue....... however

Ain't it weird how gas prices go up every time a Democrat is president, but some how when a republican is president gas prices go down........

Hmmmmmmmmmm...

 

[Zonadog]

How can Ukraine cause our gas prices to increase ? We get none from them.

Nobody does, but they are a huge transportation hub for oil & gas, as well as food products across Europe.