OT: NJ Gasoline prices

[Morrischiano2]

I paid $2.99 for gasoline yesterday on Route 10. This decline in prices is a welcome respite. Hopefully it has a disinflationary effect on other products, given that gas/oil is an input for so many other goods produced/delivered.

I recently read that US oil drilling and oil production reached the highest level in American history: 33 million barrels a day in Nov.

 

[mdk02]

$2.99 on Rte. 4 today. I think winter blend normally brings a slight decrease but not this much.

 

[RUBOB72]

I paid $2.99 for gasoline yesterday on Route 10. This decline in prices is a welcome respite. Hopefully it has a disinflationary effect on other products, given that gas/oil is an input for so many other goods produced/delivered.

I recently read that US oil drilling and oil production reached the highest level in American history: 33 million barrels a day in Nov.

Simple Economics…supply and demand never has failed… drill baby drill … just like all the other 3rd world petro producers. Going to order my Christmas Prime Rib today at Nick’s.No meat ( beef) anymore at tailgates ?

 

[anon1753890747]

I paid $2.99 for gasoline yesterday on Route 10. This decline in prices is a welcome respite. Hopefully it has a disinflationary effect on other products, given that gas/oil is an input for so many other goods produced/delivered.

I recently read that US oil drilling and oil production reached the highest level in American history: 33 million barrels a day in Nov.

It’s Election politics
The real question is what would production have been, if we had we maintained the trajectory we were on in 2020,
Didn’t the current administration say inflation had nothing to do with the purposeful gutting of our oil production on day one.
Waiting for the election year spin!
Please don’t ignorantly argue that our production was not gutted day 1 of this clown show.
Had we maintained that production inflation would have never crossed 5%

 

[Source]

Station at Passaic Street and Rochelle Avenue in Rochelle Park is down to $2.87/gallon.

And probably a thread that should be sent of to the CE Board.

 

[Morrischiano2]

It’s Election politics
The real question is what would production have been, if we had we maintained the trajectory we were on in 2020,
Didn’t the current administration say inflation had nothing to do with the purposeful gutting of our oil production on day one.
Waiting for the election year spin!
Please don’t ignorantly argue that our production was not gutted day 1 of this clown show.
Had we maintained that production inflation would have never crossed 5%

Production dropped because drilling companies shut down rigs because no one was driving anywhere due to the pandemic. Right now there are more active rigs and approved drill lease sites then ever before.

“ All of The Above” energy policy has boosted energy supply to new levels plus more EVs, efficiency appliances have reduced demand for oil a few ticks.

I don’t think anyone can complain now, especially with $3 gas.

 

[Morrischiano2]

Station at Passaic Street and Rochelle Avenue in Rochelle Park is down to $2.87/gallon.

And probably a thread that should be sent of to the CE Board.

Not really. It’s only the few that get bitter about gas prices going down because everything is political to them.

Plus, I remember BrotherSkinny’s “Failing Windpower Thread” stayed on the football forum for weeks.

 

[anon1753890747]

Production dropped because drilling companies shut down rigs because no one was driving anywhere due to the pandemic. Right now there are more active rigs and approved drill lease sites then ever before.

“ All of The Above” energy policy has boosted energy supply to new levels plus more EVs, efficiency appliances have reduced demand for oil a few ticks.

I don’t think anyone can complain now, especially with $3 gas.

ok you invested with the propaganda that fills your head
I don’t have time to school you.

 

[Morrischiano2]

ok you invested with the propaganda that fills your head
I don’t have time to school you.

Look at the extreme oil rig drop in the year 2020. That may have effected output.

https://ycharts.com/indicators/us_oil_rotary_rigs

 

[DHajekRC84]

Yeah the Costco in Flemington is at $2.95 and has been under $3 for a few weeks now. Most happy that 93 Premium is at $3.62.

 

[kupuna133]

Filled up at a quick check first week of November it was 2.98. 2 days later it was 3.23.

They gouged for the Thanksgiving holiday and now it’s coming back down. But we an are still .50 above pre pandemic numbers.

 

[Ty Webb_rivals67856]

It’s Election politics
The real question is what would production have been, if we had we maintained the trajectory we were on in 2020,
Didn’t the current administration say inflation had nothing to do with the purposeful gutting of our oil production on day one.
Waiting for the election year spin!
Please don’t ignorantly argue that our production was not gutted day 1 of this clown show.
Had we maintained that production inflation would have never crossed 5%

Wait, are you saying that oil companies should have kept up their level of production in 2020?

 

[anon1753890747]

Look at the extreme oil rig drop in the year 2020. That may have effected output.

https://ycharts.com/indicators/us_oil_rotary_rigs

I thought you said it was because of demand drop because of COVID
Make up your mind,
Sorry man I am out don’t have time for this.
I said my peace. Tired of the lies and propaganda.

 

[DJ Spanky]

I'm locking this thread because it's CE Board material. @Morrischiano please don't start another copy of this thread.